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Politics
Economics

BOE Governor Tips Into Political Storm Over Surging UK Inflation

  • Once universally lauded, Andrew Bailey now absorbs criticism
  • Questions over whether he can serve his full eight-year term
Andrew Bailey
Andrew BaileyPhotographer: Hollie Adams/Bloomberg

In the midst of the UK’s worst inflation crisis for four decades, Bank of England Governor Andrew Bailey has found himself at the heart of a growing political storm. 

After a little more than two years in the job, Bailey is under attack from members of the ruling Conservative Party and the press. It’s a dramatic turnaround from 2019, when newspapers hailed him as the ultimate safe pair of hands and the government called him the “standout candidate” for the role.