Reeves’ tax rise to push up inflation, BoE’s Megan Greene warns
Tuesday, 22 April 2025 () Rachel Reeves’ national insurance tax rise will push up inflation and lead to a “shake-up” of the labour market, Bank of England rate-setter Megan Greene has warned. In an interview with Bloomberg Television, Greene said she was particularly concerned about “weakness in output” for the best part of a year as she suggested Reeves’ tax [...]
Former Bank of England policymaker Michael Saunders welcomed March’s lower inflation but warned it may be short-lived. He said rising energy bills, tax hikes, and fallout from US trade tensions could..
Tuesday, 22 April 2025 ()
Rachel Reeves’ national insurance tax rise will push up inflation and lead to a “shake-up” of the labour market, Bank of England rate-setter Megan Greene has warned. In an interview with Bloomberg Television, Greene said she was particularly concerned about “weakness in output” for the best part of a year as she suggested Reeves’ tax [...]![Ex-BoE member warns inflation set to rise again [Video]](https://video.newsserve.net/300/v/20250416/1408262272-Ex-BoE-member-warns-inflation-set-to-rise.jpg)
