Hunt will accept a recession if it helps to reduce inflation
The Independent|May 27, 2023
Chancellor Jeremy Hunt has backed interest-rate hikes being used to calm soaring inflation even if they increase the risk of the UK entering a recession
SAM BLEWETT
Hunt will accept a recession if it helps to reduce inflation

Mr Hunt insisted in an interview aired yesterday that the "only path to sustainable growth" is to bring down the high prices behind the cost of living crisis.

The Bank of England has been raising interest rates as one measure to tackle inflation, but they could be raised even higher than the 4.5 per cent they currently stand at. Though down from 10.1 per cent, the consumer prices index of inflation remains stubbornly high at 8.7 per cent, while food remains alarmingly expensive.

هذه القصة مأخوذة من طبعة May 27, 2023 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 27, 2023 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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