bank of england
The Treasury has refused to say how much taxpayers' cash they are spending on the project.
The pair have been accused of being "missing in action" as Bank of England predicts year-long recession and soaring inflation.
Prime minister, who went on holiday on Wednesday, will remain in Downing Street until September 6.
The new chancellor also made a thinly veiled swipe at his predecessor Rishi Sunak, saying that “cutting taxes isn’t a fairytale”.
Andrew Bailey said Russia's invasion meant there was a global shortage of wheat and cooking oil.
All you need to know as economic alarm bells ring thanks to a crippling cost-of-living crisis and the Ukraine war.
Andrew Bailey said his advice was "painful" but necessary to prevent an even harder road ahead.
More questions raised over ex-PM and work for Greensill Capital as documents – some heavily redacted – are published.
The Bank of England has also condemned the "inexcusable" links some of its former governors had with the slave trade.
The Bank said the economy could contract by as much as 3% in the first quarter and another 25% in the three months to the end of June.