Who is bearing the brunt of the UK’s economic downturn? | UpFront

Who is bearing the brunt of the uk’s economic downturn? | upfront

Al Jazeera English published this video item, entitled “Who is bearing the brunt of the UK’s economic downturn? | UpFront” – below is their description.

The Bank of England warns that the United Kingdom is expected to fall into its longest recession since records began in the 1920s.

Energy and food prices are soaring, and inflation has reached double digits, rising to a scale that has not been seen in 40 years. Amid this economic uncertainty, many Britons have seen their standard of living fall.

“This manifests in increasingly threadbare public services, rising child poverty levels, some scandalous examples of people living in conditions that the UK would, not that long ago, have considered to be shameful,” says William Davies.

On UpFront, Davies, a professor in political economy at Goldsmiths, University of London and co-director of its Political Economy Research Centre, joins Marc Lamont Hill to discuss what is behind the UK’s shrinking economy and what this means for people in the country.

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe.

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