Reuters report on comments from UK's Resolution Foundation (British think tank with the stated aim is to improve the standard of living of low- and middle-income families)
- said the Bank of England could muster only a quarter of the firepower needed in a typical recession
- Therefore, the government should be more explicit about how it could pump money into the economy in a downturn and revisit its tax and benefit rules
- "The UK today faces the highest recession risk since the financial crisis, and lower-income households are now more exposed to a downturn than they were back then."
I have not yet found a Reuters link for the story.
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ps Last week UK Chancellor announced government spending, seen as a pre-election move.
