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Minister Doesn’t Rule Out Recession As Inflation Set To Hit 11% And Growth Downgraded

Minister Doesn’t Rule Out Recession As Inflation Set To Hit 11% And Growth Downgraded

The Bank of England hiked interest rates on Thursday as well as downgrading growth and predicting inflation to rise even higher (Alamy)

Alain Tolhurst

3 min read

Business minister Paul Scully has said the government must do “everything we can to weather that storm” amid fears of a recession with spiralling inflation and stagnant growth.

He said it was a “global situation” and other countries were also seeing rising…


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