What's the point of a cost of living cabinet?
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 12 May 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Meanwhile, the GDP figures show the UK economy contracted in March as consumers cut back on spending. Can the government. Is the UK heading towards a recession?
All to be discussed as Cindy Yu speaks to Katy Balls and James Forsyth.
Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.
For more Spectator podcasts, go to spectator.co.uk/podcasts.
Contact us: podcast@spectator.co.uk
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This podcast is sponsored by Canacord Genuity Wealth Management, award-winning wealth managers |
| 0:05.7 | who go above and beyond to support and guide you. Visit candewelth.com to start building your wealth |
| 0:12.6 | with confidence. Hello and welcome to Coffee How Shots, the spectators' daily politics podcast. |
| 0:20.4 | I'm Cindy U and I'm joined by Katie Boors and James Wesseth. So James, today we had the new |
| 0:25.1 | GDP figures out from the ONS and you tell us what it says. Well the figures show that the economy |
| 0:30.4 | grew by 0.8% in the first quarter but worryingly it shows that the economy actually contracted in March |
| 0:36.5 | albeit by only by 0.1% and I think the question is how much of this has been driven by the consequences |
| 0:42.1 | of Russia's invasion of Ukraine, the rise energy prices and the like and I think it is going to |
| 0:47.2 | add to the worries that we are in for a very difficult economic period and you know if you think |
| 0:54.6 | about it the banking thing is forecasting inflation is going to hit 10% it is very hard to see how |
| 0:59.6 | inflation at that level has been rung out of a system previously without a recession and I mean |
| 1:05.6 | that is a concern. I think there is also a concern that we would now appear to be in a period where |
| 1:12.0 | Russia's invasion of Ukraine this is going to be a kind of long and protracted conflict which is |
| 1:17.0 | going to have kind of medium-term consequences for both energy prices and food prices and then |
| 1:23.3 | I think you have got the point we have discussed in this podcast before made by Ken Rogoff for |
| 1:26.5 | former IMF chief economist that if you look around the world it is very hard to see |
| 1:31.9 | where the growth is going to come from what is going to get the world economy through this year |
| 1:36.6 | but the Chinese growth rate this year is going to be disappointing look at the fact that |
| 1:39.6 | Shanghai one of its most important commercial cities is shut down that also obviously has consequences |
| 1:44.7 | for global supply chains with shipping and the like the US economy is completely overstimulated |
| 1:50.4 | and inflation is a big problem there and Europe is going to get hit not only by high inflation |
| 1:55.9 | inflation at the highest level it has ever been in the eurozone but also but the European economy |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Spectator, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Spectator and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.