As per recent reports, it has been revealed that Martin Weale from Monetary Policy Committee has warned that more stimulus can prove risky as a rise in inflation can be witnessed.

Weale was of the view that they cannot expect for a rise in stimulus as already price rise has crossed the given target of the authorities concerned. “Failure to damp sufficiently any new shock pushing up on inflation would result in inflation expectations becoming more entrenched”, said Weale.

In addition, it has been revealed that George Osborne has also been taking measures to improve growth. But it seems that Weale is not convinced with the ways that Osborne is working on. As per Weales, there is nothing much that the policy can achieve.

Simon Hayes, UK economist at Barclays, has also affirmed that Weale is not convinced with the policy. Moreover, Hayes said that Weale is quite concerned about the way authorities concerned have been getting obsessive about inflation control.

Weale was of the view that if inflation control is given too much importance, then there are probable chances that unemployment rate can increase even further.