Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 9 May 2022 - What will recession look like?
Description: The Bank of England has admitted that there is a recession on the way in the UK as output continues to falter and inflation hits all areas of the economy.
Families are facing an uncertain time as they prepare for a further increase in the energy cap in the Autumn. The Central bank had been clinging to the hope that inflation could be continued, but Andrew Bailey’s acceptance that it could reach double figures in the coming months has introduced a sense of realism that had been sadly lacking recently.
With MPC members still using theoretical examples to explain th...