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Mohamed El-Erian warns UK to walk back budget or ‘unleash bond vigilantes’
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The UK should wind back from its promises to cut tax, renowned economist Mohamed El-Erian has warned.
Referring to another market intervention on 11 October by the Bank of England, the chief economic adviser at Alliance said that the UK “is on very shaky ground” when the Bank of England talks about financial stability, El-Erian said in an interview with BBC Radio 4.
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