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The Times

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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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