Bank of England groupthink could drive Britain into recession, says ALEX BRUMMER

Bank of England groupthink could drive Britain into recession, says ALEX BRUMMER By Alex Brummer for the Daily Mail Updated: 17:00 EST, 14 December 2023 e-mail 1 View comments Ben Bernanke’s report on Bank of England forecasting and the operations of the interest rate-setting Monetary Policy Committee (MPC), due in early 2024, will come none too soon. The former Federal Reserve chairman, who guided the US so calmly through the Great Financial Crisis, should have no difficulty spotting the problems. Anyone reading the tea leaves of the Bank’s pre-Christmas session, at which the base rate was held at 5.25 per cent, should recognise…