Inflation is no way to fix the deficit: OBR chairman

first_img Share KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof HIGH inflation is not a cure for Britain’s deficit woes, according to Robert Chote, the chairman of the office for Budget Responsibility (OBR).In an interview with the Financial Times, he also gave his opinion that cutting petrol duties to counteract soaring fuel prices would make public finances “less stable rather than more stable”.Many believe higher inflation boosts the public finances by increasing tax revenues. However Chote poured cold water on the idea of fast-rising inflation automatically cutting the deficit.“There are numerous ways inflation can affect the public finances, some positive and some negative, so we cannot say for sure whether higher inflation lowers or raises the projected deficit,” he said.Chote, who recently moved to the new role from his former job as director of the Institute for Fiscal Studies, said the OBR plans to start giving monthly updates on public finances. The body is now preparing the economic forecast for the Budget. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndocenter_img Inflation is no way to fix the deficit: OBR chairman whatsapp Show Comments ▼ Sunday 23 January 2011 11:08 pm Tags: NULLlast_img

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