Why the UK’s Economy Stopped Working

The UK’s new government will inherit an historic economic challenge as a result of Brexit, the pandemic, Russia’s war on Ukraine and the debt burden exacerbated by all three. Inflation is just one obstacle facing the Labour Party under Leader Keir Starmer, the Conservatives under Prime Minister Rishi Sunak or whomever the country chooses. While raising taxes or increasing debt are unlikely options, there is a potential solution to Britain’s economic crisis: increasing productivity and efficiency. 00:00 Introduction 01:10 New UK government 01:34 Covid and the energy crisis 02:54 Interest rates 03:20 UK’s debt problem 04:20 Productivity and efficiency 05:38 Missing workers Read more from Bloomberg here, Labour’s Cautious Pitch for UK Power Ducks Hard Economic Choices, and get The Readout newsletter for essential insight on the stories that matter for the UK. -------- Like this video? Subscribe: Get unlimited access to for $ for the first 3 months: Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you’ve known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.