Expert sounds warning as Bank of England economist says inflation ‘uncomfortably high’ amid cost of living crisis
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 Saunders, a member of the Bank of England’s rate-setting monetary policy committee (MPC), said inflation was “uncomfortably high” as households come under pressure from soaring energy, food and fuel bills.
