Truss ‘irresponsible’ for threatening to review Bank of England remit

Allies of Tory leadership contender Liz Truss have been critical of the Bank of England’s handling of inflation, and even questioned whether it should remain independent. Photograph: Chris Lobina/Sky News/PA

Liz Truss has been accused of being “deeply irresponsible” for threatening to tinker with the Bank of England’s mandate on the brink of a recession.

The shadow chancellor, Rachel Reeves, attacked the Tory leadership frontrunner after Truss and her allies repeatedly questioned the performance of the Bank’s governor, Andrew Bailey, and said she would review the institution’s remit.