We're in a Recession, Why Don't You Do Something About It?

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The bank of england's bleak economic forecast is it hit the british currency, dinet. So sterling fell basically two % in the day just because the uca numbers looked so horrible. And i think it's going to just make people cautious thatin these high energy prices around western economies are going to cause a lot of pain in the year ahead.

Wall Street stocks suffered steep declines on Thursday with the Nasdaq’s biggest fall since 2020 and the Bank of England has warned that the UK economy will slide into recession this year. Plus, the FT’s Latin America editor, Michael Stott, explains why the British Virgin Islands is rejecting a push for direct rule from London.

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Mentioned in this podcast:

Nasdaq tumbles 5% in sharpest fall since 2020

British Virgin Islands premier rejects direct rule from London

Bank of England warns of UK recession this year as it lifts interest rate

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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