Ex-Bank of England chief hits out at Labour's Budget as 'fiscal fandango'

A former Bank of England chief economist today warned the 'fiscal fandango' around Rachel Reeves ' Budget had caused 'paralysis' in the UK economy . Andy Haldane, who worked in Threadneedle Street for more than 30 years, said 'costly' speculation about tax rises had caused growth to 'flatline' in recent months. Ahead of her second Budget on Wednesday, Ms Reeves is facing a multi-billion pound black hole in the public finances.