Blanchflower: Indicators Suggest U.K. Is Already in Recession

The video discusses the ongoing Brexit negotiations, focusing on the challenges of reaching an agreement, particularly concerning the Irish border. It highlights the potential economic impact on the UK, suggesting that the country may already be in a recession. The discussion also covers the role of the Bank of England and its monetary policy in response to these challenges, including the possibility of interest rate cuts. The video emphasizes the complexity of the situation, with political and economic factors intertwined.

How might Brexit impact the economic stability of Scotland and Wales?

What lessons can be learned from the economic data revisions of 2008?

What role does the Bank of England play in responding to economic downturns?