PP Live: Lord Lamont warns of looming stagflation

Former chancellor identifies inflation as primary issue facing UK economy

clock • 2 min read
Lord Lamont speaking at PP Live on 17 May 2022
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Lord Lamont speaking at PP Live on 17 May 2022

The UK economy’s continuing inflation coupled with slow growth will likely lead to a point of enduring ‘stagflation’ by the end of the year, according to former Conservative chancellor of the exchequer Norman Lamont.

Lamont acted as chancellor under prime minister John Major from 1990-1993, during which time he brought down inflation from 10.4% to below 2% by making what he called "savage, deeply unpopular" dec...

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