Britain's Treasury chief is prepared for UK economy to slip into recession if it means bringing down inflation
Fox News
Jeremy Hunt, the Treasury chief of Britain, is prepared to see the U.K. economy slip into a recession if it means bringing down inflation.
In an interview with Sky News that aired Friday, Hunt said the "only path to sustainable growth" is to bring inflation under control.
Asked if he was comfortable with further rate hikes even if it could precipitate a recession, Hunt said, "Yes, because in the end, inflation is a source of instability. ... It is not a trade-off between tackling inflation and recession."
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