Deeper Recession Risk: Former Chief Economist On Why BOE Should Cut Rates Now | Bloomberg UK...

The former Chief Economist of the Bank of England, Andy Haldane, says the central bank is risking a deeper recession if it doesn’t cut rates soon. He says the economy is heading for a year of “at best of anemic growth“ given the current outlook. Haldane also tells us that he preferred the original version of Labour’s £28 billion green investment plan, and that the government’s fiscal rules should be changed to allow more spending on investment. Hosted by Lizzy Burden and Stephen Carroll. See () for privacy information. Bloomberg’s Caroline Hepker, Stephen Carroll, Yuan Potts and Lizzy Burden have your daily guide to British politics. We’ll tell you what’s happening and explain why it matters. Subscribe to Bloomberg Podcasts: Listen to more Bloomberg UK Politics: #Politics #Podcast #UK Visit us: Follow Bloomberg Podcasts on Twitter: Visit our other YouTube channels: Bloomberg Television: @markets Bloomberg Originals: Quicktake: @BloombergQuicktake For coverage on news, markets and more: