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This Is Why

UK economy: Making sense of the numbers with Ed Conway

This Is Why

Sky News

News Commentary, Daily News, News

4.0552 Ratings

🗓️ 14 September 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

Important figures on employment, wages, and Gross Domestic Product (GDP) have been released this week; all tell a story about how the UK economy is performing.

The Sky News Daily's Niall Paterson sits down with our economics and data editor Ed Conway to find out what the numbers mean.

Podcast Producer: Soila Apparicio
Promotions Producer: David Chipakupaku
Editor: Adam Jay

Transcript

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chips. Love all of that. Or the red velvet filled bun, which you can eat straight out of the

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1:06.1

Sometimes it feels like we are swimming, perhaps even drowning in data.

1:11.6

Figures coming at your left, right and centre, without much in the way of analysis or explanation.

1:17.6

And this week, frankly, it's been no different.

1:19.6

Wages, well, they have apparently outstripped inflation.

1:22.6

But is that a good thing?

1:24.6

GDP is down by not 0.5%, but why? And should we be concerned?

1:30.5

Employment is down, unemployment is up, but job vacancies fell beneath 1 million for the first time in 25 months.

1:36.8

What on earth is going on there? I'm Neil Patterson, and regular listeners to the Sky News Daily will already be aware that I don't have the answers.

1:45.6

But I know a man who does, or who at least pretends to with aplomb, our data and economics editor,

1:50.9

Ed Conway. You love these introductions that I give you.

...

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