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BBC Radio 4 PM programme interview

Aug 4, 2022

I was interviewed on the PM programme about tax cuts and inflation. Tax cuts and interest rates are not opposite ends of the same seesaw. The nature of our inflation shock and prospect of weaker domestic demand (BoE expects 3.75% of econ slack at the end of 3-year period) adds to the case to act now with easier fiscal policy.

Listen here, 12:50-20:30.