Episode Details

The UK economy faces a dire outlook as the OECD predicts a significant slowdown, with growth expected to be the second slowest among G7 nations and inflation ranking second highest. This comes amid rising tensions, pushing the UK towards stagflation. Unemployment has risen to a five-year high, and youth joblessness is even worse. Businesses are struggling with higher taxes, increased minimum wages, and new regulations, leading to job cuts and automation. Inflation has surged to three percent, the highest in the G7, and borrowing costs have spiked, making the UKs debt more expensive than several other European countries. As global uncertainties mount, the UKs vulnerability is heightened, presenting significant challenges for recovery.

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