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Podcast: Beyond Currency
Episode: 30th March 2022 - Bailey turns bearish on economy
Description: "It is tough to find any good news for the UK economy as the country leaves the Pandemic behind and begins the work of recovery. Workers are facing what the Bank of England Governor has called a historic shock to incomes.
The UK economy is primarily led by consumption. Consumers going out and making purchases keeps the country ticking over, so anything that creates stress for that sector quickly permeates through to the rest.
There is little doubt that Andrew Bailey is right in describing current conditions as historic.
The country had barely been able to complete its withdrawal from...