‘Twin peak’ inflation feared as UK parties keep fiscal policies under wraps ahead of election, says accountancy firm A failure by political parties to spell out clearly how they will reduce the budget deficit risks an inflationary “twin peak”, according to a report out today. The warning comes at the beginning of a week that is expected to see the pound come under renewed pressure on currency markets, as new polling suggests a hung parliament is increasingly likely and the Greek debt crisis undermines confidence in Britain’s economy. The Bank of England’s monetary policy committee (MPC) meets on Wednesday and is forecast to keep the cost of borrowing fixed at 0.5%, despite the recent surge in inflation