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Father of UK inflation target says ‘Terrible error’ to drop it

09/08/2022 08:02

Former Chancellor of the Exchequer Norman Lamont, who introduced the UK’s first inflation target in 1992, said it would be a mistake to abandon the measure in favor of a money supply goal, in an implicit criticism of proposals by Liz Truss, the front-runner to be Britain’s next prime minister.

Source: Bloomberg