Recommended Watch: Is the UK in Recession and What Next for House Prices?: Bloomberg UK Show
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Britain is probably already in a recession after soaring interest rates and rising unemployment turned households more cautious about spending, according to an analysis by Bloomberg Economics. What could this mean for Prime Minster Rishi Sunak and the opposition Labour Party? We discuss the economic outlook and the political aftermath of the King's Speech with Bloomberg's Dan Hanson and Joe Mayes. Political Economist at abrdn, Lizzy Galbraith, also gives her opinion. "Bloomberg UK" focuses on the biggest economic, financial and political issues facing Britain. The program goes beyond the market moves with expert analysis and top interviews from the heart of London.
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Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter:
/ business Facebook:
/ bloombergbusiness Instagram:
/ bloombergbusiness TranscriptFollow along using the transcript.