The Bank of England’s former chief economist Andy Haldane has accused the Bank of being too slow to tackle the latest wave of inflation and warned that five years of missed targets ‘does beg the question in the markets’ mind: are they serious?’

‘More than five years of misses, does beg the question in the markets’ mind: are they serious?’

‘More than five years of misses, does beg the question in the markets’ mind: are they serious?’

On this week’s episode of Reality Check, Haldane tells me the Bank ‘hasn’t learned its lesson’ from the inflation shock of 2021 and thinks that it ‘should have gone a bit sooner’ in raising interest rates.

‘The truth is, it’s a very self-serving comment,’ he said.

‘I left the Bank of England’s Monetary........

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