The Power of Prices: Does Labour Need To Worry About Inflation?

Dan Hanson, Bloomberg's Chief UK economist, delves into the UK’s rising inflation rates, which recently hit 2.3%. He discusses the factors driving this increase and its potential to escalate further. Joe Mayes sheds light on the Labour government's concerns about how inflation could impact their political standing ahead of elections. The conversation also touches on the hidden workforce and discrepancies in employment data, highlighting how these elements complicate the current economic landscape and government policy decisions.