Uncertainty Over US Tariffs and UK Economic Health

Megan Greene, a member of the Bank of England's Monetary Policy Committee, expressed uncertainty about the future landscape of US tariffs during a recent statement. "We have no idea what US tariffs will look like when the dust settles," Greene remarked, highlighting the unpredictable nature of international trade policies.

Supply vs. Demand: The UK's Economic Dilemma

Greene also touched on the challenges facing the UK economy, noting the difficulty in determining whether current weaknesses stem from demand or supply issues. "We are more worried about supply and really weak productivity growth," she added, pointing to potential trade diversions from China as a factor to watch.

Fiscal Policies and Their Impact

The discussion extended to the effects of governmental budget modifications, with Greene suggesting that European Union fiscal policies could potentially serve as a "tailwind" for the UK, offering a glimmer of hope amidst economic uncertainties.