Kallum Pickering

Kallum Pickering, Chief Economist at Peel Hunt, dives into the UK's economic challenges, highlighting a recent 'wealth shock' that has drastically altered household savings habits. He discusses how rising gilt yields and stagnant property values are contributing to sluggish growth. Kallum outlines potential fiscal policy solutions, including a commitment to sound money and the necessity of cutting government spending over increasing taxes. He also emphasizes the importance of revitalizing private investment to spur economic recovery.

Kallum Pickering, Chief Economist at Peel Hunt, dives into the contentious debate over the relationship between net zero ambitions and UK economic growth. He challenges the prevailing belief that these goals are compatible, suggesting that declining electricity availability may be stifling productivity and GDP. The conversation also explores the rise of AI's role in industrial productivity and the urgent need for energy security as demand grows. Pickering urges a reevaluation of energy policies to support both economic growth and sustainability.