‘The UK is finding it increasingly difficult to actually provide the standard of living that many people expect’ – William Davies.
The Bank of England warns that the UK is expected to enter its longest recession since records began in the 1920s.
Energy and food prices are soaring and inflation has reached double digits, to a level not seen in 40 years. Amid this economic uncertainty, many Britons have seen their living standards drop.
“This is reflected in increasingly worn-out public services, rising child poverty, some scandalous examples of people living in conditions that not so long ago the UK would have considered shameful,” says William Davies.
on FirstDavies, a professor of political economy at Goldsmiths, University of London and co-director of the Political Economy Research Center, joins Marc Lamont Hill to discuss what’s behind the UK’s shrinking economy and what it means for people in the country.