Britain is on 'thin ice,' warns ex-Bank of England chief economist — Live Feedhttps://www.live-feeds.com/feed/britain-is-on-thin-ice-warns-ex-bank-of-england-chief-economistContinuously updated, source-cited coverage. UK on Thin Ice Ahead of October 28 Budget, Warns Haldanehttps://www.live-feeds.com/feed/britain-is-on-thin-ice-warns-ex-bank-of-england-chief-economisthttps://www.live-feeds.com/feed/britain-is-on-thin-ice-warns-ex-bank-of-england-chief-economist#u121926Wed, 14 Oct 2026 13:05:40 +0000Former Bank of England chief economist Andy Haldane warns that the United Kingdom is on thin fiscal ice ahead of the October 28 Autumn Budget. Speaking to CNBC, Haldane urged Prime Minister Andy Burnham's government to curb public spending and avoid painful tax hikes to appease financial markets. Britain currently carries the highest government borrowing costs in the G7. Haldane stated that the administration must demonstrate a willingness to cut public spending or risk intensifying bond-market pressure and driving borrowing costs even higher.Why it mattersThe warning arrives as Prime Min