Liz Truss energy price freeze would peg inflation, BoE chief economist says

Liz Truss’s plan to freeze energy prices would prevent inflation from scaling to its highest level since 1980, the Bank of England’s top wonk said today. Huw Pill, the monetary authority’s chief economist, told the House of Commons Treasury Committee the new prime minister’s cost of living support package would “weigh on inflation”. Pill added [...]