Accountancy firm BDO has warned that pre-election politics done by different political parties can give rise to another scramble in the country's inflation rate. The firm has said that "second peak" of inflation is likely in UK.

This may occur just because the two national parties are not sure about there monetary tactics and they have not confirmed yet how to reduce the budget deficit. The budget deficit has raised the concern of an inflationary "twin peak" in the nation.

None of the parties have presented the details how they will cut the £175 billion deficit, in the policies announced before the general election. BDO has also revealed that firms also don't have any information regarding the policies on tax, interest rate and financial stimulus packages Government. So before the general election UK is under threat of a wave of inflation.

However, the Bank of England's monetary policy committee meets on Wednesday. And it has been forecasted by the experts that the cost of borrowing will be kept fixed at 0.5% in spite of the current surge in inflation. But just like BDO the MPC also believes that inflation will fall back soon after this year.