Budget 2025: Ex-rate setter slams 'repeated mistakes'

Budget 2025: Ex-rate setter slams 'repeated mistakes'

Andy Haldane makes the case for new rules to prevent economic self harm ahead of UK budget speeches after build-up turmoil of recent months.

Budget 2025: Ex-Bank of England rate setter Andy Haldane criticises 'r

A former Bank of England chief economist has told Sky News that “repeated mistakes” by the government have been “sucking all life” from the economy ahead of the budget. Andy Haldane said the country had to find a new way of treating the build-up to the annual fiscal event, as budget rumour and speculation – initiated in part by ministers and via leaks – had fed acts of self-harm for the past two years. “It’s been a bad hand played, in truth, pre…

Budget 2025: Ex-Bank Of England Rate Setter Andy Haldane Criticises 'repeated Mistakes'

Andy Haldane said the country had to find a new way of treating the build-up to the annual fiscal event, as budget rumour and speculation – initiated in part by ministers and via leaks – had fed acts of self-harm for the past two years. “It’s been a bad hand played, in truth, pretty poorly,” he said of the chancellor’s stewardship during his appearance on Mornings with Ridge and Frost. “So mistakes have been made and repeated mistakes. And the w…