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...Bailey played down the significance of the figures on Tuesday, saying the UK economy was showing “distinct” signs of an upturn....
...We haven’t ignored that,” Bailey said. But he added: “The depth and breadth of the work we do will be trimmed back somewhat. We will focus on core financial stability risks . . ....
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...His office has limited executive powers — the mayor of Miami is a part-time position, and he works for the law firm Quinn Emanuel Urquhart & Sullivan — but friends and critics often describe him as the city...
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...“We are concerned about the potential persistence of inflation as we go through the remainder of the journey down to 2 per cent,” Bailey told the Treasury select committee....
...The Bank of England’s financial stability committee met today, and the subsequent report indicates that it remains antsy about the engorged size of Treasury basis trades....
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...The axed northern leg of HS2 should be replaced by a cheaper version along the same route, according to the provisional findings of a privately backed review by two of England’s city mayors....
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...of 2 per cent, Bailey said....
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