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Saturday, December 3, 2022

Who is bearing the brunt of Britain’s economic downturn? , business and economy

From: advance

‘Britain is finding it harder and harder to actually provide the standard of living that many people expect’ – William Davies.

The Bank of England has warned that the United Kingdom is expected to fall into the longest recession since records began in the 1920s.

Energy and food prices have skyrocketed, and inflation has reached double digits, rising on a scale not seen in 40 years. Amidst this economic uncertainty, many Britons have seen their standard of living fall.

William Davies says, “This is manifested in increasingly threadbare public services, rising child poverty levels, some scandalous examples of people living in conditions that Britain not long ago would have considered shameful.”

Feather advanceDavies, a professor of political economy at Goldsmiths, University of London and co-director of its Center for Political Economy Research, to discuss what’s behind the UK’s shrinking economy and what it means for people in the country Mark Lamont Join Hill.

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