UK Latest: BOE Rates Outlook; Nurses Plan More Strikes

The transcript discusses the Bank of England's potential rate hikes, with economists divided on future actions. The BOE's chief economist, Hugh Pill, remains undecided, while Sylvana Tenreyro emphasizes the delayed effects of previous hikes. The decision in May hinges on upcoming data. Additionally, the transcript covers the impact of nursing union strikes on the UK healthcare system and economy. The Royal College of Nursing rejected a pay offer, while Unison accepted it, leading to potential prolonged strikes affecting healthcare services and economic growth.

What factors are contributing to the UK government's hesitance in approving higher pay for healthcare workers?

According to the latest GDP data, what was the primary reason for the flatlining of growth?