Why this recession will bite differently

With all signs pointing to a recession, how will this one be different to those of the past? From strikes to sky high heating bills, we’ve begun 2023, much as we ended 2022. How long can this last, and is there any hope of our fortunes improving? Resolution Foundation’s research director James Smith joins Ahir Shah to tell us how this situation might play out. 

• “If we are pessimistic about the future and that feeds back into how [the Government] set their policies, it can become self fulfilling.”
• “The big thing here is that we are getting poorer as a country.”
• “We need to make sure the recovery from the pandemic and cost of living recession isn’t as bad as the financial crisis.”

Presented by Ahir Shah. Producers: Jet Gerbertson and Alex Rees. Assistant Producer: Kasia Tomasiewicz. Music by Kenny Dickinson. Audio production: Robin Leeburn. Lead Producer: Jacob Jarvis. Group Editor: Andrew Harrison. THE BUNKER is a Podmasters Production

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