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Rishi’s nightmare: will inflation crush the recovery?

Fear of inflation is stalking the Treasury

6 March 2021

9:00 AM

6 March 2021

9:00 AM

At first, it seems to make no sense. Britain is in the middle of the worst economic crash in recorded history, with a Chancellor who is famously keen on low taxes, spending control and sound money. But Rishi Sunak this week presented a Budget that seems inspired, in parts, by Labour’s last manifesto.

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