Jeremy Hunt S Big Tax Hikes Could Put Uk At Risk Of Deeper Recession Financially
Huw Pill said a tough fiscal settlement from the chancellor could weigh on the British economy more than the central bank predicts, in a development that will force it to review its approach to setting interest rates. Asked at an online event if there was a risk that higher interest rates from the Bank, along with big tax rises and spending cuts, would weigh on the economy at a much faster rate than desired to tackle rising inflation, he said: “There is a risk of that....