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Podcast: Beyond Currency
Episode: 2 June 2023 - Inflation fuelled by Brexit, claims Larry Summers
Description: The UK economy suffered a pair of blows yesterday after a month of generally good news since the IMF announced its “volte-face” over the nation’s performance over the rest of 2023.
The Nationwide survey of house prices was published, and it showed that across the entire country, prices fell by 3.4% in May, its largest fall in close to fourteen years.
Then Larry Summers, the influential economist and former U.S. Treasury Secretary commented in an interview that it would be a major surprise if the UK didn’t suffer a recession in the next two years and that even this year, it...