Chancellor set to appoint Andrew Bailey as new Bank of England governor – business live

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Live coverage as head of City regulator tipped to return to lead at Threadneedle Street

British consumer confidence increased in December, according to GfK’s measure, with the pollsters saying it points to a “clear sense of change”. A seven-point increase in the reading for the coming year is the strongest increase since the summer of 2016, the time of the EU referendum, GfK reported. The polling of British consumers took place before the general election on 12 December, so may be further impacted next month by the clear result.

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Hopefully we get to turn the page on Carney's undue politicisation of the bank. He's interference in the BREXIT debate hurt the bank's credibility greatly.

Looks shifty to me

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