Ed Davey vows to defend Bank of England against Farage's threats to its independence after meeting with Andrew Bailey

EMBARGO: Immediate Release

This morning Liberal Democrat Leader Ed Davey and Deputy Leader Daisy Cooper met with Bank of England Governor Andrew Bailey to reaffirm support for the bank’s independence. Commenting after his meeting, Liberal Democrat leader Ed Davey said:

“A fortnight ago, Nigel Farage stood on the steps of the Bank of England and showed just what a danger to our economic interests he is.

“Once again putting his obsession with mimicking Donald Trump ahead of what is in the best interests of the British people, Farage attacked the independence of our central bank. Trump’s threats to sack governors of the Fed if they don’t do what he wants are causing economic panic in the United States. That is the last thing we need here at home - we cannot let Trump’s America become Farage’s Britain.

“Liberal Democrats will stand firmly behind Bank of England independence, just as we have stood against recent attacks on the independence of our judiciary. Those who seek to plunge our country into chaos are no patriots - they are putting their own narrow political interests first. Instead of undermining Britain’s economic foundations, we need a real plan for growth that includes rebuilding trade with our European neighbours.”

ENDS