Bank of England must ‘create recession’ to fight high inflation, Hunt advisor says, as mortgage rates rise again – business live

The Bank of England must “create a recession” to curb inflation, according to Karen Ward, chief market strategist EMEA at JP Morgan Asset Management.

Ward, who is also a member of chancellor Jeremy Hunt’s economic advisory council, told Radio 4’s Today programme there are “certainly signs” that a price-wage spiral is emerging, which the central bank “has to nip in the bud”.

Speaking after inflation…