Bailey: UK Economy 'Stuck' Amid Aging Population, Defense Spending, Climate Change

Bank of England Governor Andrew Bailey acknowledges the British economys struggles, citing an aging population, defense spending shifts, and climate change as major challenges. Despite a rate cut, he remains optimistic about inflation, but remains tight-lipped on the national debts sustainability. Meanwhile, retail sales unexpectedly declined, indicating consumer reluctance amidst tax hike fears.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.