Back to the 70s nightmare: Labour's Britain faces a new era of rising inflation, flatlining growth and stagflation, the Bank of England warns
A hundred days on from the Budget, the Bank slashed its prediction for UK growth this year by half, to just 0.75 per cent, while warning that cost-of-living pressures are on the rise again.
![Back to the 70s nightmare: Labour's Britain faces a new era of rising inflation, flatlining growth and stagflation, the Bank of England warns](https://i.dailymail.co.uk/1s/2025/02/07/00/94952421-0-image-m-83_1738886816188.jpg?#)