A low-key Budget has done little to change the big questions hanging over the U.K. economy. Gaurav, David and Andrew unpack the Chancellor’s cautious fiscal plans and ask how much room the government really has to respond to future shocks. They also discuss the surprising strength of the U.K.’s recent growth figures and signs that the AI boom may be providing an unexpected boost, even in the face of mounting pressure from surging energy prices, inflation and interest rates. With signs of strain already emerging and the Bank of England set to tighten policy next week, can the economy’s unexpected resilience last?
A low-key Budget has done little to change the big questions hanging over the U.K. economy. Gaurav, David and Andrew unpack the Chancellor’s cautious fiscal plans and ask how much room the government really has to respond to future shocks. They also discuss the surprising strength of the U.K.’s recent growth figures and signs that the AI boom may be providing an unexpected boost, even in the face of mounting pressure from surging energy prices, inflation and interest rates. With signs of strain already emerging and the Bank of England set to tighten policy next week, can the economy’s unexpected resilience last?