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No trade-off between financial stability and economic growth, BoE governor tells MPs

Andrew Bailey
Andrew Bailey says UK economic growth still hasn’t recovered from the 2008 financial crisis. Photo: Alberto Pezzali/Getty Images

Andrew Bailey backs drive for growth but says moves already being made to ease regulatory burden.

The governor of the Bank of England (BoE) has told MPs financial stability is the foundation of economic growth and foreign investment, and that there can be no trade-off between the two. He also stressed there was a “choice of how regulation is operated.”

Andrew Bailey told the UK Treasury