Expert Warns of Lingering Effects of 20% Inflation Over Next Few Years

Expert Warning on Inflation:

In a recent statement, financial expert LEE BOYCE highlighted that despite the Bank of England's efforts, the effects of 20% inflation will persist in the economy.

Bank of England's Success:

The Bank of England has successfully reduced inflation to 2%, meeting its target for the first time since July 2021.

Conclusion: While the Bank of England's achievement is commendable, concerns remain regarding the long-term impact of previous high inflation rates on the economy.