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Evening Standard
Evening Standard
Business
Anna Wise

National insurance hike ‘biggest issue’ after Budget, Bank chief says

Andrew Bailey Insurance Budget Donald Trump Inflation Bank of England PA Graphics
The head of the Bank of England Andrew Bailey (Benjamin Cremel/PA) - (PA Wire)

The boss of the Bank of England has said the way businesses react to the national insurance hike is currently the “biggest issue” after the Budget, as he warned that economic uncertainty is rising in the UK and globally.

Andrew Bailey, speaking at the Financial Times’ Global Boardroom, said it is not yet clear what effect the tax change could have on UK inflation.

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