Chancellor Rachel Reeves risks entering an economic "doom loop" if she continues to cut spending, a former Bank of England chief economist has warned.
Andy Haldane, who was with the Bank for 32 years until 2021, said the Office for Budget Responsibility’s (OBR) forecast in March could lead to less investment and spending.
Read more: https://news.sky.com/story/rachel-reeves-risks-economic-doom-loop-if-spending-cuts-continue-ex-bank-of-england-chief-economist-warns-13294316
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