Business · 2 hours ago
Ex-Bank of England Economist Warns Burnham of Truss-Style Crisis
Robin S. Taylor, CC BY-SA 4.0, via Wikimedia Commons
Andy Haldane, the former Bank of England chief economist who once advised Andy Burnham, has warned the Prime Minister risks a Liz Truss-style market crisis unless Wednesday's Budget cuts public spending. He fears a "mañana" Budget that delays hard choices while borrowing costs stay high, and called a reported £2bn tax rise on banks "delusional", saying households and businesses would ultimately bear the real cost.
Reported by The Times · How we write briefs