Bank of England Official Warns of ‘Rough Landing’ Risk from Tariffs

Policy committee member Taylor cautions that tariff impacts could drive significant challenges for the UK economy.

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Terms & Concepts
  • Tariffs: Taxes imposed on imported or exported goods, often used to protect domestic industries or exert economic pressure.
  • Rough Landing: An economic term describing a sharp downturn or recession following a period of growth.
  • Monetary Policy Committee: A body within the Bank of England responsible for setting monetary policy, including interest rates, to achieve economic objectives.