UK Treasury advisers are increasingly concerned the Bank of England risks raising interest rates too much in the coming months
risks raising interest rates too much in the coming months, potentially pushing the UK into an unnecessary recession.rate increases
in three decades, according to people familiar with the discussions. That view is being taken by seriously by top Treasury officials in the wake of better-than-expectedand other data that suggest a broader slowdown, said the people, who asked not to be named discussing internal deliberations.
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