© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Top Bank of England economist warns of 1970s-style price inflation

Andy Haldane says UK economy resembles bouncing tennis ball but rising prices and wages could easily turn boom to bust

Britain’s economy will “power through in the months ahead”, according to a senior Bank of England policymaker, “moving swiftly from bounce-back to boom”.

The recovery will resemble a bouncing tennis ball and outpace the US and the rest of the G7 this year, said Andy Haldane, the central bank’s outgoing chief economist.

Continue reading…

Related posts

Bank launches emergency intervention in markets after Kwarteng mini-budget

AEA3

People in England urged to curb water use amid driest conditions since 1976

AEA3

Harvey Elliott fends off 10-man Lille to leave Liverpool in seventh heaven

AEA3

Pin It on Pinterest

Share This