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- Bank of England Chief Economist sees some wage-price spiral inflation risk
Bank of England Chief Economist sees some wage-price spiral inflation risk
Reuters reports that Bank of England Chief Economist Andy Haldane has warned there is a chance that cost pressures faced by British companies lead to high prices that become embedded in pay demands.
"There's again a chance that those price pressures could get embedded in pay packets and then we have something closer - not on the same scale remotely - but something closer to the sort of 'wagey-pricey' spiral that we've seen at times in the past, the Seventies and Eighties," Haldane said.
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