Money Talks: Britain's growth crisis

Britain’s Conservative party may be changing leadership, but it will take a lot more than that to change the country's gloomy economic situation. Prices are rising at their fastest pace in 40 years–at one of the highest rates in the West. The cost of servicing the country’s ballooning debt has increased. And a recession is looming. On this week’s episode, hosts Soumaya Keynes, Alice Fulwood and Mike Bird investigate just what’s behind Britain’s growth crisis. First, they ask our Britain editor Andrew Palmer how much of the current situation is down to Boris Johnson’s government’s economic policies and the OBR’s David Miles explains how much space the incoming government has to cut taxes. Then, Anna Valero of London School of Economics explains what’s behind Britain’s tepid growth: a productivity crisis. The Economist’s Joshua Roberts shows venture capital’s role. Finally, they ask just what can be done to get Britain’s economy back on track. Subscribe to our weekly newsletter dissecting the big themes in markets, business and the economy at economist.com/moneytalks and sign up to our new, six-week online course "Fintech and the Future of Finance" at economist.com/futureoffinance. Use discount code ‘moneytalks’ for a special offer. For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.