Is Britain Headed into a Major Recession?

The video discusses the Bank of England's economic forecast, highlighting a bleak outlook with rising inflation, falling household incomes, and a looming recession. Key issues include energy prices and domestic inflationary pressures. The government has introduced measures like an energy bill support scheme, but more drastic actions may be needed. The video also explores potential changes to the Bank of England's inflation targeting mandate.

What is the expected impact of the recession on unemployment rates according to the Bank of England?

What measures has the government announced to support households with energy bills?

What alternative inflation targeting model is being discussed by politicians in the UK?