Bank of England cutting jobs as part of overhaul after critical Bernanke review

Bank under budget pressures as it responds to former Fed chair’s report into failure to forecast surging inflationBusiness live – latest updatesThe Bank of England has said it is cutting jobs amid sweeping changes at Threadneedle Street after a highly critical review into its failure to forecast surging inflation.Under budget pressures as it responded to the report from the former US Federal Reserve chair Ben Bernanke, the Bank has opened a voluntary scheme last week as part of an efficiency drive to find savings. Continue reading...