Why the UK’s Economy Stopped Working
The UK’s new government will inherit an historic economic challenge as a result of Brexit, the pandemic, Russia’s war on Ukraine and the debt burden exacerbated by all three. Inflation is just one obstacle facing the Labour Party under Leader Keir Starmer, the Conservatives under Prime Minister Rishi Sunak or whomever the country chooses. While raising taxes or increasing debt are unlikely options, there is a potential solution to Britain’s economic crisis: increasing productivity and efficiency.
00:00 Introduction
01:10 New UK government
01:34 Covid and the energy crisis
02:54 Interest rates
03:20 UK’s debt problem
04:20 Productivity and efficiency
05:38 Missing workers
Read more from Bloomberg here, Labour’s Cautious Pitch for UK Power Ducks Hard Economic Choices, and get The Readout newsletter for essential insight on the stories that matter for the UK.
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