0:00
Is there potential for a recession down
0:01
>> Yes, I think there was a potential even
0:02
before this happened. You know, the cost
0:04
of living crisis in the UK has been
0:06
around for a while now and houses
0:07
continue to feel the pinch. Mortgage
0:09
rates have been elevated because the
0:11
Bank of England has been unable to cut
0:13
rates as much as many had hoped. You
0:14
know, we came from a period during the
0:16
inflation spike that we saw because of
0:19
the Ukraine and Russia situation. A lot
0:21
of central banks were kind of told off
0:23
because they were too slow to to act and
0:25
to hike rates and I think the Bank of
0:26
England's facing a similar dilemma of
0:28
they're going to now potentially have
0:30
taken too long to cut rates and help the
0:32
economy even as inflation still remained
0:34
elevated because they're now they're in
0:35
a much harder position to do that to
0:37
help the economy. So yeah, I think
0:38
recession is a real risk.
