UK Economy on Brink of ‘Hard Landing’ as Inflation Bites and Borrowing Costs Stay High, Warns BoE Rate-Setter
The United Kingdom‘s economy faces a significant and growing risk of a ‘hard landing’, a scenario characterized by recessionary dynamics and a sharp downturn, according to a stark warning from a key Bank of England policymaker. Alan Taylor, an external member of the Bank’s Monetary Policy Committee (MPC), has expressed concerns that the central bank’s…
