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    The faces of 2021

    Dec 24, 2021 4 minutes

    Andrew Bailey

    The Governor of the Bank of England (BoE) was once referred to by his predecessor, Mark Carney, as “the big sexy turtle”: his “considered decision-making” was akin to the mating of Galapagos tortoises, says The Observer. Critics of the Bank’s policy on interest rates will appreciate the joke. “The BoE has spent months dithering” while inflation crept up, notes Alistair Osborne in The Times. Accused of “bottling it” in November after seemingly signalling a rise, this month he changed his mind (see page 6).

    Bailey was going to be damned if he did and damned if he didn’t. In the

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