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"To tighten further would have risked administering an overdose before the existing medicine has had enough time to fully take effect," according to Kitty Ussher, chief economist at the Institute of Directors.

“What is of particular concern is that the change from November has come mainly from an increase in the price of food,” said Kitty Ussher, chief economist for the Institute of Directors.

Jane Ussher, a professor at the Western Sydney University School of Medicine in Australia, has been studying the effects of cancer in gay men for 20 years.

Kitty Ussher, Chief Economist at the Institute of Directors, said the UK business environment has “deteriorated dramatically” in recent weeks.

Ms Ussher said National Insurance should not be used in place of general taxation because it was designed for a specific reason.