Chancellor Rishi Sunak's proposal to cap immigration in the UK is causing concerns as it may clash with the Bank of England's efforts to control inflation. The Conservative party suggests annual limits on work and family visas due to a high influx of migrants last year. The Confederation of British Industry also warns that government actions to restrict immigration could reignite inflation amidst upcoming elections.
The Confederation of British Industry raised its UK growth forecasts but warned that government attempts to crack down on immigration threaten to rekindle inflation https://t.co/YlBuHywpqy
Sunak’s cap on migration would complicate the BOE’s inflation fight https://t.co/SheZ4UgWDZ via @irinaanghel12 https://t.co/lsUNQGOoUx
Chancellor Rishi Sunak's proposed migration cap raises concerns over Bank of England's efforts to combat inflation. #Sunak #BOE #inflation #migration
As the #UK gears up for elections, immigration remains a hot topic. The #Conservativeparty proposes annual caps on work and family visas after 685,000 #migrants entered last year. Read the details https://t.co/or2orABbMB @surbhiglori @inBritish @rathi_online #PersonalFinance
Prime Minister Rishi Sunak’s pledge to cap the number of immigrants entering the UK risks colliding with the Bank of England’s effort to keep inflation in check https://t.co/IgUWkidMZi