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Stagflation Warning | Bank Of England Halves Growth Forecast

The Bank of England has cut interest rates to 4.5%, but painted a gloomy picture for the UK economy by halving its growth forecast for this year and predicting a surge in inflation. Policymakers voted for a quarter-point reduction on Thursday, after similar cuts in August and November last year, bringing the base interest rate to its lowest level in more than 18 months. Economist George Magnus joins Talk’s Ian Collins to discuss this further. Click here for more from Talk https://talk.tv If you need any help visit: https://talk.tv/helplines #talk #keirstarmer #politics

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