The UK's productivity problem

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 21 October 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Liz Truss era is over. Headlines blame her budget fiasco, but we talk through the deeper story: slowing economic productivity in the UK.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Transcript

Click on a timestamp to play from that location

0:00.0	NPR.
0:03.4	This is the indicator for pletum money.
0:13.1	I'm Adrian Ma.
0:14.1	And I'm Patty Hirsch.
0:15.1	The United Kingdom and its economy are in, and there's only one word for it, Adrian.
0:18.9	Tatters.
0:19.9	I could think of a few more words.
0:20.9	Or maybe a shambles.
0:21.9	The country's prime minister Liz Truss took a thumping over the economy during yesterday's
0:26.9	parliamentary question time.
0:33.9	She did more than apologize after just 44 days following the departure of both her finance
0:39.2	minister and her interior minister.
0:40.9	She resigned.
0:41.9	And this is not a small thing.
0:43.3	The UK is the sixth largest economy in the world.
0:45.8	Its capital London is one of the biggest and most influential hubs in the global financial
0:49.4	system.
0:50.4	And the troubles that have hit the UK are also threatening other nations, including the
0:55.4	less.
0:56.4	Troubles like inflation, political instability, and slowing productivity.
1:01.5	Productivity.
1:02.5	It's one of the most important metrics in an economy.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.