Recessions and today's economy - What it means for you Taking Care of Business

On this episode of Taking Care of Business, Paul Cheetham-Karcz sits down with leading behavioural economist Roger Martin-Fagg to discuss the current economic climate in the UK.  They talk through the current political situation regarding the Tory government's leadership, and how this may affect the economy with regard to recessions, house prices and interest rates.
They also go on further to consider the cost of living crisis we are currently facing, and what the short to medium-term economical future may look like for the UK.


In this episode:


00:02:25 - Who is Roger Martin-Fagg


00:08:55 - The effects of Brexit 


00:14:35 - Is a recession due?


00:16:37 - The definition of a recession


00:18:57 - Impacts of the pandemic


00:31:41 - How Putin’s war is affecting our energy supplies?

00:35:25 - A lack of government leadership 


00:37:03 - Liz Truss and the mini-budget


00:46:10 - The current state of the economy and where it's heading


00:50:30 - Tory or Labour?


00:55:30 - What’s happening to interest rates


00:58:05 - Will house prices crash?


01:00:48 - Exchange rates and the markets


01:04:30 - Roger’s take on the looming recession


Disclaimer-
This episode was filmed on the 19th of October 2022