INFLATION COULD ‘COMFORTABLY EXCEED’ 5% BY SPRING, WARNS BANK DEPUTY GOVERNOR

UK inflation could “comfortably exceed” 5% by the spring when energy bills are set to rise again, the Bank of England’s deputy governor has warned. © Kirsty O’Connor Bank of England deputy governor Ben Broadbent (Kirsty O’Connor/PA) In a speech in Leeds, Ben Broadbent added that the country’s tight labour market is also likely to be a more persistent source of inflation.It c...

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