The UK is not becoming insular. The shift in the balance of global power is to the Indo-Pacific, from India and the West to America and the East. Having better trade relationships with far-flung and great economies is very important. Since 2016, if we look at greenfield investments, the UK still attracts the largest proportion in the EU or Western European area.
Russia's war on Ukraine, Liz Truss's mini budget and soaring inflation have all hammered the UK in recent months. But as the country begins a new year with a new Prime Minister – how much drama and uncertainty should we expect in 2023? In this episode we bring together an expert panel to debate and discuss the big questions facing the British economy. Will inflation be brought under control? Can the country cope without closer ties to the EU? And how prepared is Europe for more geopolitical tension with Russia and China? Our chair Manveen Rana is joined by Jonathan Portes, economist and Professor of Economics and Public Policy at King's College, London; Victoria Scholar, Head of Investment at Interactive Investor, and Gerard Lyons, Chief Economic Strategist at the wealth manager Netwealth.
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