The UK Treasury minister has rejected claims that leaks about the Budget have damaged the economy. A former Bank of England chief economist argued that Budget speculation has led to paralysis among businesses and consumers.
- The ongoing Budget rumours may be causing uncertainty, affecting spending and investment decisions.
- Businesses and consumers could be delaying actions due to unclear economic direction.
MNN Take: While speculation around Budget details can influence economic behaviour, official denial suggests no clear evidence links leaks directly to economic harm.
Source: BBC UK