Andy Haldane: we can fix the cost of living crisis. But will we?

Andy Haldane: ‘Without a supply-side strategy, the economy won’t grow and the cost of living crisis won’t be solved.’ Photograph: Sarah Lee/the Observer

Andy Haldane has a simple but stark message for those seeking to replace Boris Johnson as prime minister: Britain has serious economic problems and they won’t be solved by massive tax cuts.

Nor, according to the man who until last year was chief economist at the Bank of England, does the solution to Britain’s cost of living crisis lie with the decisions Threadneedle Street makes about interest rates.