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UK Launches Economic Board Amid Inflation Concerns

9/11/2025

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Summary

Story summary

UK Prime Minister Keir Starmer established a new economic board to oversee economic policy before the autumn budget.
Co-chaired by Minouche Shafik and Torsten Bell, the board aims to stimulate growth and strengthen business relations.
Chancellor Rachel Reeves faces backlash over policies potentially worsening inflation and raising business costs.
Business groups warn that tax increases and new regulations may significantly raise prices.
The Bank of England fears government actions are hindering inflation control, with inflation expected to peak at 4% in September.

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Story summary

UK Prime Minister Keir Starmer established a new economic board to oversee economic policy before the autumn budget.
Co-chaired by Minouche Shafik and Torsten Bell, the board aims to stimulate growth and strengthen business relations.
Chancellor Rachel Reeves faces backlash over policies potentially worsening inflation and raising business costs.
Business groups warn that tax increases and new regulations may significantly raise prices.
The Bank of England fears government actions are hindering inflation control, with inflation expected to peak at 4% in September.