UK Economic Outlook: Rate Cuts and Resilience

This chapter examines the volatile economic landscape in the UK, focusing on inflation trends and the looming decision on interest rate cuts by the Bank of England. It discusses the political and economic implications of these potential rate cuts, the mixed performance of global economies, and highlights the differing influences from the US Federal Reserve. The conversation also emphasizes the impact of recent elections on economic policy and the challenges facing consumers due to rising poverty levels amid increasing interest rates.