Bank of England's Broadbent in the Daily Mail
Headlines via Reuters
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More:
As he looks forward to this week's statement by the Chancellor (the Autumn Statement and spending review) Broadbent notes:
- 'The implied pace of deficit reduction is picking up, relative to the last two years, over the next two to three, and that is in our forecasts.
- 'Have we got it right? I don't know,' he admits. The way in which budgetary policy works is in his view 'not precise'.
Earlier this week the news was of Osborne's review being the "tightest fiscal squeeze of any advanced economy"
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Article link here, where there is more
