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Reform UK’s BoE plans dismissed as ‘Trump-lite’

Former Bank of England officials unconvinced by proposals to fire current governor, change MPC and add growth remit

Nigel Farage (left) and Andrew Bailey in front of the Bank of England
Credit: Laurie Noble (https://bit.ly/4phQSWL)/Bank of England (https://bit.ly/3VgUE6F)/Central Banking montage

Reform UK’s proposals to shake up the Bank of England are ill-advised and potentially hazardous, former senior officials at the bank have told Central Banking.

The party, which has established a significant poll lead over both the Labour government and the official Conservative opposition, has in recent days outlined some of the changes it might bring in at the BoE should it win the next general election.

Among the most notable was the suggestion by its leader, Nigel Farage, in an interview with B

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