Boris Johnson’s ‘Leveling Up’ Is a U.K. Inflation Risk

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Boris Johnson’s ‘Leveling Up’ Is a U.K. Inflation Risk

(Bloomberg) -- The U.K. government will use the March 11 budget to unleash a fiscal boost designed to repay voters for their backing in the election last December and bridge the productivity gap between regions. In reality, it’s likely to be some time before the extra spending impacts living standards in a meaningful way, according to Bloomberg Economics. In the near term, lifting demand in areas where labor is in short supply, worker mobility is low and immigration is set to be curbed looks like a recipe for higher inflation.

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