UK's Blanchflower on his first four MPC votes

In the speech 'Reflections on my first four votes on the MPC' given on 27 September Professor David Blanchflower of the Bank of England painted a softer picture on the outlook for the UK economy, saying that both inflation and growth are likely to come in lower than expected.

"I believe there to be more spare capacity in the economy than in the central projection contained in the August Inflation Report, implying lower output growth and lower inflationary risks down the road and a somewhat lower

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