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How can Andrew Bailey make his mark at the Bank of England?

Managing Brexit risks is necessary but not sufficient

By Jonathan Portes  

Photo: Kirsty O'Connor/PA Wire/PA Images

The choice of Andrew Bailey as the next Governor of the Bank of England has been almost universally described as unexciting but safe—signalling the government’s desire for a steady pair of hands, who will not rock the Brexit boat either in public or in policy terms. And indeed on Brexit the Bank has little to gain by making waves. But that doesn’t mean it, or its new chief, will have an easy job.


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