Rishi Sunak has backed interest-rate hikes to calm inflation even if they increase the risk of the UK entering a recession.The prime minister has set halving inflation by the end of the year as one of the five key tests he has asked voter to judge him on.But in a new blow to that ambition, ministers have been warned that the UK will see the highest inflation rate and nearly the slowest growth of any advanced economy this year.
[
add
]
[
|
|
...
]