""Liberal Democrats will stand firmly behind Bank of England independence, just as we have stood against recent attacks on the independence of our judiciary. "Trump's threats to sack governors of the Fed if they don't do what he wants are causing economic panic in the United States," Sir Ed said. "That is the last thing we need here at home - we cannot let Trump's America become Farage's Britain.""
""Party leader Sir Ed Davey and his deputy Daisy Cooper met the bank's governor Andrew Bailey to "reaffirm support" for the Bank's autonomy. It comes two weeks after Nigel Farage met Mr Bailey to argue for the end of BoE bond sales, known as quantitative tightening, claiming it is costing taxpayers billions and driving up debt. Sir Ed accused Farage of "putting his obsession with mimicking Donald Trump ahead of what is in the best interests of the British people" by pressuring the central bank.""
Senior Liberal Democrat figures met the Bank of England governor to reaffirm political support for the Bank's autonomy. Nigel Farage urged the Bank to stop bond sales, arguing quantitative tightening is costing taxpayers billions and increasing debt. Sir Ed Davey accused Farage of mimicking Donald Trump by pressuring the central bank and vowed to challenge Reform UK. The Liberal Democrats linked defence of Bank independence to previous efforts to protect judicial independence. Sir Ed said the Bank needs modernisation but insisted keeping it independent is the best way to reduce food bills and mortgage rates. Quantitative tightening began in 2022 to unwind post‑2008 emergency support.
Read at www.bbc.com
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