TIME FOR BANK CHIEF WHO TALKS BRITAIN UP!

Fury at Bailey's scathing verdict on economic outlook as 'worst I have ever seen'

-  Sam Lister

FURIOUS Tory MPs rounded on Andrew Bailey for talking down the economy.

The Bank of England governor claimed the outlook was among the worst he had seen.

But MPs accused him of "pouring cold water" over everything and having a track record of being wrong with his gloomy economic forecasts. One Conservative MP called on Mr Bailey to be "more of a Tigger and less of an Eeyore".

Homeowners were warned interest rates will remain high for the "foreseeable future" as the Bank chief said potential growth is at its lowest for more than four decades.

But Mr Bailey was told to apologise for his role in the country's economic fortunes. Former party leader Sir Iain Duncan Smith said: "He needs to be a little more judicious with his language and a little more apologetic about the mess they got into because of their failure to deal with interest rates early.

"They have had to go higher and further than other countries have and that is down to his watch. So, I am sorry he should choose to pour cold water over everything.