Britain names its toughest economic challenge ...News

Russia Today - Economy
Britain names its toughest economic challenge
source : Russia Today ( News ) () 23
The soaring inflation is the nation’s biggest hurdle in 25 years, the Bank of England says The Bank of England’s (BoE) chief economist, Huw Pill, on Friday admitted that the central bank faces its toughest challenge since 1997. According to The Guardian, he signaled that interest rates need to rise further. Pill said that the inflation surge to a 40-year high of 9% in April put him in a “very uncomfortable situation,” given that the central bank is meant to keep inflation around 2%. “These are difficult times for many people, especially for the less well off, who spend a higher proportion of their income on energy

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