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This Is Why

Has Rachel Reeves crashed the economy?

This Is Why

Sky News

News, News Commentary, Daily News

4.0 • 552 Ratings

🗓️ 13 January 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

Chancellor Rachel Reeves is not having the easiest time reining in the economy. Last week saw markets turn against Labour's economic strategy - with the cost of government borrowing surging and the pound dropping to its lowest value against the dollar since November 2023.   
  
On today's Sky News Daily, Niall Paterson is joined by our economics and data editor Ed Conway to understand what is causing the UK's growth to flatline. Is it a result of "global trends" as the government would have us believe? Or are the troubled chancellor's budget rules too tight and starting to unravel?   
  
And as the global economic landscape continues to respond to world events - including the imminent arrival of a second Donald Trump term - what can the beleaguered chancellor do to ensure the economy bounces back? 

Producer: Soila Apparicio 
Editor: Philly Beaumont

Transcript

Click on a timestamp to play from that location

0:00.0

Uber drivers. Have you seen your pay go down while your fees to Uber go up?

0:05.0

All because of an algorithm that reduces your take-home pay, making you work more for less.

0:10.0

We believe Uber's dynamic pay and upfront pricing is unfair.

0:14.0

That's why Worker Info Exchange has launched the dynamic pay claim to seek compensation for drivers who have lost income. If you've driven for Uber

0:22.7

at any time since 2020, it's time to stand together. Find out more at dynamic pay.org.

0:30.1

Add water to your will. And know that from that single drop, life will grow. Communities will flourish. A better world will be left.

0:43.3

By leaving a gift in your will to Water Aid, you'll help bring essential clean water to people who need it,

0:49.3

to change their own lives for generations to come. Add WaterAid to your will.

0:55.7

Search WaterAid legacy to find out how.

1:00.2

Coming up on the Sky News Daily with me Neil Patterson,

1:03.1

the economy is in the toilet.

1:05.4

But who put it there?

1:07.2

And how do we fish it out without getting our hands wet?

1:09.7

Find out in a moment.

1:11.4

For unlimited all-day travel in London, think TFL.

1:15.0

With the daily cap fair frozen until March 2027, travel as much as you like on tube, bus, Elizabeth

1:22.0

Line, DLR and Overground, knowing you'll never pay any more than ÂŁ8.90.0.0.0.0.0.0.4. Download,

1:30.0

to plan your journey. To the mayor of London and TFL, every journey matters.

1:35.7

Always use the same card of device when touching in and out for full terms and conditions, such TFL fare capping.

1:41.2

This Easter at M&S, you'll find a selection of the yummias chocolate animals.

1:45.7

There's Hick-Up the Hippo with his darling chubby little legs.

1:49.3

And Sonny the Sloth, beaming with his milk and white chocolate features.

...

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