Labour Budget adds to uncertainty over inflation, says Bank policymaker

Dave Ramsden from the Bank of England (Henry Nicholls/PA) - (PA Wire)

A senior Bank of England policymaker has said Labour’s Budget tax rises have made it harder to forecast inflation, and contributed to the current “gradual” approach to interest rate cuts.

Dave Ramsden, the Bank’s deputy governor for markets and banking, said measures in the autumn Budget were among the factors introducing “uncertainty to the outlook for the labour market and wider economy”.