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Fintech in Focus | EP29

The UK Cost of Living Crisis

CalendarAugust 18, 2022
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The UK cost of living crisis seems to be worsening. With the UK phasing out Russian oil imports, inflation soaring, interest rates rising in many markets, and a possible recession, there's a lot to tackle.

We spoke with Darryl Hood, Sr. Director, EMEA Sales & Dealing at Corpay Cross-Border Solutions about what the UK economy is looking like, addressing near-term challenges, and what to expect in the future.

Timestamps

  • 0:38 – Implications of the UK phasing out Russian oil imports

  • 7:54 – Impact of soaring inflation of the UK economy

  • 13:57 – A look at interest rates rising in many markets

  • 18:52 – The odds of a recession and what it might look like in the UK

View Transcript Here

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