The Bank of England, its hands full dealing with rising prices while trying to stave off the worst effects of the coming recession, is not in a position nor does it have the mandate to create any policies that are specifically designed to create greener financial markets.

Andrew Bailey is in accord with the Chairman of the Financial Reserve in believing that Central Banks are not arbiters of their own destiny, despite their desire to be given the independence and autonomy to work within broad guidelines.

The Managing Director of the IMF, Kristalina Georgieva welcomed the plans put in place by Chancellor Jeremy Hunt having been greatly concerned by the approach of his predecessor Kwasi Kwarteng.

However, Ms Georgieva believes that the UK is going to face a sobering 2023 as it faces potential crises on several fronts.

In a statement that was delivered by the Parliamentary Treasury Select Committee, she told MPs that she believes that the fiscal plan is adequate to deal with the effects of battling inflation while protecting household incomes during a recession that in the main has been created by the energy crisis that is ongoing.

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