UK Economy Unexpectedly Shrank 0.3% in April

The video discusses economic concerns in April, focusing on stagflation fears and the impact of the energy price cap. It highlights the end of free COVID testing affecting health output and its implications for the Bank of England's policy decisions. The CBI has downgraded growth forecasts and calls for increased business investment to prevent a recession.

What are the concerns regarding stagflation mentioned in the text?

Discuss the potential impact of rising energy prices on consumer demand.