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Former Bank of England Chief Economist warns UK's fiscal position is "on thin ice."
Former Bank of England Chief Economist Andy Haldane warned that the UK's fiscal position is "on thin ice" ahead of the upcoming Autumn Budget, stating that the government must cut public spending to "appease financial markets" while avoiding painful tax increases. Haldane noted that the UK currently has the highest government borrowing costs among the G7 nations. The UK Autumn Budget is currently scheduled to be announced on October 28.
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