How record-breaking inflation was tamed in the 1980s

Raising interest rates came at a cost as unemployment followed recession

Margaret Thatcher and Norman Tebbit
Margaret Thatcher and Norman Tebbit
(Image credit: Georges De Keerle/Getty Images)

Eyes are turning to the past for potential lessons in tackling the escalating cost-of-living crisis after UK inflation soared to a 40-year high of 9% in April.

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