Bailey Says He's 'Shocked' by Mandelson-Epstein Ties

Summary

In this clip from the Bank of England's monetary policy press conference, Governor Andrew Bailey reacts to revelations about Peter Mandelson's ties to Jeffrey Epstein, saying he is shocked and that society must examine how the events and the cover-up occurred. He stresses that victims are the priority and defends the character of the late Alistair Darling. The clip contains no monetary policy or market content.

• Bailey says he is shocked by what has emerged about Mandelson-Epstein ties.
• He notes he previously gave evidence in a related legal case.
• He says the most important consideration is the victims.
• He calls for broader societal reflection on how the events and cover-up happened.
• He criticizes lobbying that carries questionable ethics.
• He defends Alistair Darling's honesty and decency during the financial crisis.
• No trading, monetary policy, or market implications are discussed in this clip.