{
Chatham House

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}
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001122334455554433221100

tagflation looms as rising costs threaten uk economic stability

Britain faces a looming stagflation crisis as rising costs from increased national insurance, minimum wage hikes, and property rates threaten business profitability. Companies may resort to layoffs to cope, while the Bank of England grapples with the dilemma of maintaining interest rates amid inflationary pressures. With external risks from global conflicts and domestic economic strains, the outlook for growth remains bleak.
@FinancialTimes
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18:00 22.11.2024
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