Bank of England chief says recession still 'likely' - but welcomes 'clarity' on energy bills
The Governor of the Bank of England has said he welcomes the prospect of a "clear path" to deal with Liz Truss' soaring energy bills.
The new Prime Minister's expected announcement on energy bills would reassure markets, said Andrew Bailey - but warned recession remained the "likeliest outcome" for the UK economy.
Ms Truss is working to finalize a multibillion-pound package to freeze household and business gas and electricity bills, with some estimates it could cost upwards of £100billion.
The Governor of the Bank of England has said he welcomes the prospect of a "clear path" to deal with Liz Truss' soaring energy bills.
The new Prime Minister's expected announcement on energy bills would reassure markets, said Andrew Bailey - but warned recession remained the "likeliest outcome" for the UK economy.
Ms Truss is working to finalize a multibillion-pound package to freeze household and business gas and electricity bills, with some estimates it could cost upwards of £100billion.
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