Former Bank of England Chief Suggests Recession as a Solution to Tackle Inflation

The Bank of England will need to force Britain into recession to bring inflation back down to its 2pc target, a former member of its financial policy committee has warned.

Alex Brazier, now deputy head of the BlackRock Investment Institute, acknowledged that the Bank has already hit the brakes on the economy “pretty hard” having raised interest rates for 13 consecutive meetings.

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