Tag: economist
High UK inflation could last for ‘years rather than months’, warns economist
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The squeeze on British households from high inflation could be bigger and last longer than expected, amid a series of economic shocks from Brexit, Covid and Russia’s war in Ukraine, economists have warned. Michael Sau...
Fashion must stick to climate pledges to prevent waste crisis, says UK economist
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The fashion industry is facing a waste and overproduction crisis if it continues on its current trajectory, one of the UK’s leading economic experts has warned. Dame Vivian Hunt, a managing partner at the consulting f...
BoE chief economist hints at rate rise but new Covid variant fuels doubts
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The Bank of England appears to have move a step closer towards increasing the cost of borrowing next month after its new chief economist, Huw Pill, said the UK’s recovery from the pandemic was strong enough for the ce...
Inflation surge and labour market boom may spur UK rate hike, warns economist
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The Bank of England’s chief economist has warned that the UK’s buoyant labour market and rapidly rising inflation is pushing the central bank closer to raising rates at its next meeting in December. Huw Pill said the ...
UK inflation could top 5% by early 2022, says Bank’s new chief economist
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Inflation in the UK could rise above 5% by early next year, according to the Bank of England’s new chief economist. Huw Pill, who replaced Andy Haldane in September, said that the Bank of England’s monetary policy com...
Bank of England chief economist warns high inflation rates may persist in 2022
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The Bank of England’s new chief economist has warned high rates of inflation could last longer than expected, due to severe supply shortages and rising household energy bills. Huw Pill, who replaced Andy Haldane at Th...
Ex-Bank economist picked to lead levelling up taskforce
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Andy Haldane, the former Bank of England chief economist appointed on Sunday as the head of the government’s levelling up taskforce, has described his new task as “one of the signature challenges of our time”. He said...
Bank of England appoints Huw Pill as chief economist
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Huw Pill has been appointed to succeed Andy Haldane as the Bank of England’s chief economist, becoming the latest Goldman Sachs alumnus to fill a key role at Threadneedle Street. Despite reports that the Bank had been...
UK housing market is on fire, warns Bank of England chief economist
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Britain’s housing market is “on fire” thanks to the extension of government tax breaks for home buyers and increased demand from richer households with more savings following Coronavirus lockdowns, the Bank of England...
Top Bank of England economist warns of 1970s-style price inflation
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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”. Resembling a bouncing tennis ball, the recovery will outpace th...
Andy Haldane to leave role as Bank of England chief economist
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Andy Haldane, the Bank of England’s chief economist, is leaving to become chief executive of the Royal Society for Arts thinktank. One of the most prominent economists in the country, Haldane will step down from Threa...