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Analysis

Is the UK the new sick man of Europe?

Analysis

BBC

Government, Politics, News

4.61K Ratings

🗓️ 18 July 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

Throughout the 1960s and 1970s, the United Kingdom was sometimes characterised as the 'sickman of Europe' due to industrial strife and poor economic performance compared to other European countries.

Today, inflation is once again rising and growth is forecast to slow considerably and economists predict that the UK could suffer a greater hit to living standards next year than any other major European country.

BBC economics correspondent Dharshini David asks just how hard the times ahead will be and how might we find a cure to avoid the mantle of 'sick man of Europe' once more?

Producer: Caroline Bayley Editor: Richard Fenton - Smith Sound Engineer: Rod Farquhar Production Coordinators: Maria Ogundele and Helena Warwick-Cross

Transcript

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0:00.0

Just before this BBC podcast gets underway, here's something you may not know.

0:04.6

My name's Linda Davies and I Commission Podcasts for BBC Sounds.

0:08.4

As you'd expect, at the BBC we make podcasts of the very highest quality featuring the most knowledgeable

0:14.3

experts and genuinely engaging voices. What you may not know is that the BBC

0:20.4

makes podcasts about all kinds of things like pop stars,

0:24.6

poltergeist, cricket, and conspiracy theories and that's just a few examples.

0:29.7

If you'd like to discover something a little bit unexpected, find your next podcast over at BBC Sounds.

0:36.0

BBC Sounds.

0:38.0

BBC Sounds, Music Radio Podcasts.

0:41.0

Hello and thanks for listening to this edition of Analysis, the podcast that looks at the ideas behind

0:46.8

the news.

0:47.8

I'm Darshini David.

0:49.4

Amidst all the current political turmoil, economists predict that the UK could suffer a greater hit to

0:55.4

living standards next year than any other major European country.

1:00.1

I'm asking just how hard the times ahead will be and how he might find a cure.

1:06.0

It's been a heated start to the summer.

1:09.0

Railway stations across England, Scotland and Wales have been deserted,

1:14.0

as services have largely been brought to a halt by the first of three days of strike action this week.

1:19.0

More than 60 flights have been cancelled at the last minute at Heathrow Airport today,

1:24.0

blighting the holiday plans of thousands of passengers.

1:28.0

Lengthy delays at airports and hospitals strikes over pay amidst soaring living costs and now a testy battle to fill the vacancy

1:36.6

at number 10, the top job in the country and the Conservative Party.

...

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