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Interest rate hikes are not the only tool to fight UK inflation – here's what the government should do

  • Written by Charles Read, Fellow in Economics and History at Corpus Christi College, University of Cambridge

Over the past year, interest rates have been rising rapidly around the world. The post-COVID economic recovery and Russia’s invasion of Ukraine caused inflation to reach 10% or more in many countries. Central banks in the US, UK and Europe have fought back by raising interest rates in an attempt to cool the economy and return inflation to...

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