Author: News Desk

Deputy governor Sir Jon Cunliffe says Bank did not have usual briefing the night before mini-budget Bank of England officials were excluded from discussions ahead of the mini-budget last month that triggered a “full-scale liquidation event” for pension funds, MPs heard on Wednesday. Deputy governor Sir Jon Cunliffe, who said the central bank was forced into battle to save the £1.5tn pensions industry from insolvency, also warned ministers against grabbing fresh powers to meddle in the decisions of regulators or risk a further deterioration in the UK’s international reputation. Continue reading… ​Deputy governor Sir Jon Cunliffe says Bank did not…

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