What more will the Chancellor do for households squeezed by the spiraling cost of living? As consumer confidence plummets to its lowest in nearly 50 years, we look at how employers and workers are adapting to high prices and low unemployment. Bloomberg’s Joe Mayes discusses the political pressure on Rishi Sunak. Gary Smith from the GMB trade union tells Bloomberg’s Caroline Hepker and Stephen Carroll that employees are ‘hurting really really badly’, and pushing for pay rises. Jack Kennedy, UK economist with recruitment website Indeed, says job openings are starting to slow in some sectors, but remain 45% above pre-pandemic levels.
See omnystudio.com/listener for privacy information.