Fri, 10 Oct 2025

Fri, 10 Oct 2025 Lib Dems back Bank of England after Farage criticism

The Bank of England's independence is "the best way" to lower bills, Sir Ed Davey argues.
Liberal Democrats leader Sir Ed Davey has pledged to support the independence of the Bank of England, following criticism from Reform UK's Nigel Farage that the central bank is "costing taxpayers billions" through its bond-selling programme. In a meeting with Governor Andrew Bailey, Sir Ed and his deputy Daisy Cooper reaffirmed their commitment to the Bank's autonomy. They argued that keeping the BoE independent is crucial in lowering food bills and mortgage rates for the British people. Farage had previously met Bailey, claiming that quantitative tightening was driving up debt and urged the bank to end its bond-selling programme. The Lib Dems accused Farage of prioritizing his "Trump-esque" agenda over what's best for the country.
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