The UK Cost of Living Crisis
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
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