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niesr: UK inflation to exceed BoE target for next 4 years: NIESR

"Inflation, political churn, a global economy slowdown, oil shocks, strikes - there are a lot of nouns there that are resonant with the 1970s," NIESR director Jagjit Chadha said. "And there s the re-emergence of the British disease ," he added, referring to stagnant growth at a time of rising prices. British economic output is not on track to return to its pre-pandemic peak until late 2024, representing zero growth over a five-year period, NIESR predicted. ....

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