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Recessions and today's economy - What it means for you
Manage episode 345318258 series 2921944
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On this episode of Taking Care of Business, Paul Cheetham-Karcz sits down with leading behavioural economist Roger Martin-Fagg to discuss the current economic climate in the UK. They talk through the current political situation regarding the Tory government's leadership, and how this may affect the economy with regard to recessions, house prices and interest rates.
They also go on further to consider the cost of living crisis we are currently facing, and what the short to medium-term economical future may look like for the UK.
In this episode:
00:02:25 - Who is Roger Martin-Fagg
00:08:55 - The effects of Brexit
00:14:35 - Is a recession due?
00:16:37 - The definition of a recession
00:18:57 - Impacts of the pandemic
00:31:41 - How Putin’s war is affecting our energy supplies?
00:35:25 - A lack of government leadership
00:37:03 - Liz Truss and the mini-budget
00:46:10 - The current state of the economy and where it's heading
00:50:30 - Tory or Labour?
00:55:30 - What’s happening to interest rates
00:58:05 - Will house prices crash?
01:00:48 - Exchange rates and the markets
01:04:30 - Roger’s take on the looming recession
Disclaimer-
This episode was filmed on the 19th of October 2022
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