{
  "id": 12884057,
  "title": "BOE's Bailey Says Fiscal Policy Risks Becoming Less Effective",
  "url": "https://urgent.news/2026/10/08/boes-bailey-says-fiscal-policy-risks-becoming-less-effective",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T14:06:22.000Z",
  "source": {
    "name": "Bloomberg",
    "slug": "bloomberg",
    "url": "https://www.bloomberg.com/news/videos/2026-10-08/boe-says-fiscal-policy-risks-becoming-less-effective-video"
  },
  "original_language": "en",
  "account": null,
  "summary": "Bank of England Governor Andrew Bailey warned that governments may be left helpless in the event of another downturn as their firepower is sapped by weak growth and a series of severe shocks. \"Fiscal policy can operate as a countercyclical tool of policy,\" Bailey said at an event in Turkey. \"But if the negative shocks come at higher frequency, and underlying growth in the economy is lower,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}