Oil climbs again as Bank of England economist warns of 'dangerous moment' for UK inflation      

Warning inflationary pressure might force the central bank to turn off the tap of its huge monetary stimulus

Bank of England chief economist Andy Haldane said the beast of inflation was never dead

The price of global oil climbed for a second day, to $72.20 (€59.29) a barrel, on signs that the world economy will expand rapidly following the Covid recession.

It comes as Bank of England chief economist Andy Haldane said that Britain was at a dangerous moment as he warned of inflationary pressure that might force the central bank to turn off the tap of its huge monetary stimulus.