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The Independent UK

National

Adam Forrest

Trigger recession to tame inflation, say economists – as Bank set to hike interest rates

Jeremy Hunt Recession Inflation Interest Rates MPC Andrew Bailey Rachel Reeves Rishi Sunak The Bank of England Adam Posen

Getty

The Bank of England has no choice but to trigger a recession in order to finally tame inflation, top economists have warned – including one of chancellor Jeremy Hunt’s own advisers.

The central bank is set to increase interest rates for the 13th time in a row today after shock inflation figures showed previous hikes failed to cut persistent price rises.

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