© 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

Boris Johnson’s allies lobby MPs to stop Tory support draining away

AEA3

6m disabled people in UK to get £150 cost of living payment in September

AEA3

Ben Wallace to quit as MP at next general election

AEA3

Pin It on Pinterest

Share This