Bank of England Governor Andrew Bailey attends the Bank of England Monetary Policy Report press conference at the Bank Of England in London on November 5, 2026. The Bank of England on November 5 raised its forecasts for UK economic growth in 2026 and 2027, despite surging inflation. (Photo by Alishia Abodunde / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey (L) attends the Bank of England Monetary Policy Report press conference, alongside head of media and stakeholder engagement at the Bank of England, Katie Martin (R), at the Bank Of England in London on November 5, 2026. The Bank of England on November 5 raised its forecasts for UK economic growth in 2026 and 2027, despite surging inflation. (Photo by Alishia Abodunde / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey attends the Bank of England Monetary Policy Report press conference at Bank Of England in London on November 5, 2026. The Bank of England on November 5 raised its forecasts for UK economic growth in 2026 and 2027, despite surging inflation. (Photo by Alishia Abodunde / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey attends the Bank of England Monetary Policy Report press conference at Bank Of England in London on November 5, 2026. The Bank of England on November 5 raised its forecasts for UK economic growth in 2026 and 2027, despite surging inflation. (Photo by Alishia Abodunde / POOL / AFP via Getty Images)

The logo of the Galaxy Soho shopping centre is pictured as the sun sets in Beijing on November 5, 2026. (Photo by ADEK BERRY / AFP via Getty Images)

Bank of England Governor Andrew Bailey attends the Bank of England Monetary Policy Report press conference at Bank Of England in London on November 5, 2026. The Bank of England on November 5 raised its forecasts for UK economic growth in 2026 and 2027, despite surging inflation. (Photo by Alishia Abodunde / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey attends the Bank of England Monetary Policy Report press conference at Bank Of England in London on November 5, 2026. The Bank of England on November 5 raised its forecasts for UK economic growth in 2026 and 2027, despite surging inflation. (Photo by Alishia Abodunde / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey (2nd L) attends the Bank of England Monetary Policy Report press conference, alongside deputy governor for monetary policy of the Bank of England, Clare Lombardelli (L), head of media and stakeholder engagement at the Bank of England, Katie Martin (2nd R), and Dave Ramsden (R), deputy governor of the Bank of England for markets and banking, in London on November 5, 2026. The Bank of England on November 5 raised its forecasts for UK economic growth in 2026 and 2027, despite surging inflation. (Photo by Alishia Abodunde / POOL / AFP via Getty Images)