Chancellor Jeremy Hunt says Bank must act – even if hikes slow UK economy

Chancellor Jeremy Hunt says Bank must act – even if hikes slow UK economy

City A.M.

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Chancellor Jeremy Hunt has backed interest rate hikes being used to calm soaring inflation even if they increase the risk of pushing the UK into recession. Mr Hunt insisted in an interview aired on Friday that the “only path to sustainable growth” is to bring down the high prices behind the cost-of-living crisis. The Bank [...]

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