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Economics

Bailey Sees Meeting of Minds With Hunt on UK Fiscal Policy

  • BOE governor underlines joint commitment to sustainability
  • Hunt took charge of the Treasury Friday amid political chaos
Jeremy Hunt and Andrew Bailey 

Jeremy Hunt and Andrew Bailey 

Source: Getty Images 

Updated on

Bank of England Governor Andrew Bailey said he has already spoken to the UK’s new chancellor of the exchequer, Jeremy Hunt, and they agreed on the importance of fiscal sustainability. 

“The very clear message is there is a very clear and immediate meeting of minds on the importance of sustainability,” Bailey said at a panel discussion in Washington on the sidelines of the International Monetary Fund meetings.