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Rachel Reeves risks economic 'doom loop' if spending cuts continue, ex-Bank of England chief economist warns

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Summary
Nutrition label

72% Informative

Andy Haldane was with the Bank of England for 32 years until 2021 .

He said the Office for Budget Responsibility's forecast in March could lead to less investment and spending.

He added the chancellor should not panic because of market reaction to the budget deficit by cutting spending further.

The economist also said Donald Trump "taking an axe to regulation" means there is "a chance of real growth and supply side upside".

VR Score

82

Informative language

84

Neutral language

81

Article tone

informal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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