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Friday, October 16, 2026

Government not ‘consciously’ aiming for a recession to halve inflation, suggests Cleverly

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With the Bank of England set to raise interest rates for the 13th time in a row later today, James Cleverly has insisted that the “idea that we should consciously be going into a recession” is not subscribed to by anyone in government.

Mr Cleverly, the foreign secretary,

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