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The former chief economist at the Bank of England has told Sky News that Rachel Reeves dire warning about the state of the economy has done more harm than good. Andy Haldane told Sophy Ridge the chancellor's July statement had “generated a fear and foreboding and uncertainty among consumers, businesses and investors in UK PLC”. He said the comments were “unnecessary and probably unhelpful economically”. The government has warned that next week's Budget will be "painful" after Ms Reeves said she had discovered a £22bn fiscal "black hole" in the country's public finances. Full story: https://news.sky.com/story/chancellor... #economy #budget2024 #keirstarmer SUBSCRIBE to our YouTube channel for more videos: / skynews Follow us on Twitter: / skynews Like us on Facebook: / skynews Follow us on Instagram: / skynews Follow us on TikTok: / skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-n... Android https://play.google.com/store/apps/de... Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: / @skynewsespanol To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales