UK's Treasury chief accepts that recession may be necessary to get inflation down
![UK's Treasury chief accepts that recession may be necessary to get inflation down](https://static.independent.co.uk/2023/05/26/14/Britain_Economy_89991.jpg?width=1200&auto=webp)
Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation