For the Covid-19 economic recovery look to the Treasury, not the Bank

Fears about high government borrowing raising inflation and interest rates are overstated and yesterday's concerns Earlier this year both of the big jobs in UK economic management changed hands. Within weeks of Rishi Sunak taking over from Sajid Javid at the Treasury, Andrew Bailey was replacing Mark Carney at the Bank of England. In the months since, Sunak has barely been out of the news and he will remain centre stage after the decision to put England back into lockdown. In the past few weeks ...