Bailey: UK Economy 'Stuck' Amid Aging Population, Defense Spending, Climate Change
Update: 2025-12-19
Description
Bank of England Governor Andrew Bailey acknowledges the British economys struggles, citing an aging population, defense spending shifts, and climate change as major challenges. Despite a rate cut, he remains optimistic about inflation, but remains tight-lipped on the national debts sustainability. Meanwhile, retail sales unexpectedly declined, indicating consumer reluctance amidst tax hike fears.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
