The Rest Is Money
140. How Do The Bank of England Really Make Their Decisions?
Feb 20, 2025
Discover the surprising truth about inflation and the factors driving it, from rising school fees to food prices. Delve into the geopolitical landscape, with discussions on the implications of frozen Russian assets for Ukraine and U.S.-Russia relations. Explore how AI is reshaping the workforce, both displacing jobs and boosting productivity. The conversation also highlights the importance of recognizing business indicators and leveraging tax incentives for growth. Tune in for insights that connect economics with global events!
35:43
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Quick takeaways
- The current inflation rise to 3% reflects pressures largely from schooling and food costs, indicating transient rather than worsening economic trends.
- The dual impact of AI on productivity highlights the need for systemic changes in welfare and education to prepare displaced workers for future roles.
Deep dives
Charity Engagement and Personal Growth
Steph McGovern shares her experience of participating in a quiz show, 'Who Wants to Be a Millionaire,' where she raised £125,000 for a charity supporting young girls in Middlesbrough. The motivation behind this effort stems from a concerning report labeling Middlesbrough as the worst place for girls to grow up, which inspired her to uplift their aspirations. This personal achievement not only demonstrates her commitment to social causes but also highlights the emotional challenges of public performances under pressure, a sentiment echoed by co-host Robert Peston. Both hosts reflect on the psychological effects of such high-stakes environments, discussing their shared anxiety about potentially failing to secure funds for important causes.
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