NEW: Bank of England Governor Bailey at Mansion House says economy is “bouncing back rapidly” that inflation rise “will continue through the rest of this year.. further above target” but that this is expected to be a “temporary feature of the bounce back”...
Unexpectedly few references to the football in the Governor’s speech.... but he does cite the competing inflationary impact of the Beckham family ... a 29 year high in personal grooming inflation of 8%, though Victoria Beckham is cutting the avg price of her dresses by 40% 
Chancellor at Mansion House: “I see no reason of substance why the UK should not continue to provide clearing services for countries in the EU” - says UK’s principles and values on regulation/ rule of law should reassure
Sunak says combined tax rate on uk banks profits should not increase significantly from current level - that suggests the bank surcharge on Corporation tax of 8% is for the chop - when C-tax itself is raised...
Chancellor says UK will be the most exciting financial services hub in the world for decades to come, and will lead by action not rhetoric...
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