The Guardian view on the Bank of England: new boss, new thinking? | Editorial

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Editorial: Brexit, climate change and the next recession mean central banking is in danger of becoming a failed paradigm that needs replacing

The appointment of Andrew Bailey as governor of the Bank of England is a safety-first move. The central banker knows his way around the City and it is reasonable to assume that he can stand up for the finance sector in the coming years of tough negotiations with Brussels. Mr Bailey has made a point of saying that Britain, home to Europe’s largest financial centre, must not become a “taker” of EU rules after it leaves the bloc. Tellingly, he is viewed by former Treasury chiefs as “one of us”.

 

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You need to focus right now against a warzone in uttar Pradesh where Muslims are being massacred

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