Should We Panic? Assessing the UK Recession of 2024 | IEA Podcast

What does it mean that Britain is in a recession?

Join us for an insightful analysis of the recent announcement declaring the UK economy in recession. In this episode, Matthew Lesh, Director of Public Policy and Communications at the IEA, and Julian Jessop, an esteemed Economics Fellow and independent economist, explore the profound implications of the economic downturn on fiscal policy, monetary measures, and future growth prospects.

From the unexpected decline in output per head to the broader implications for public spending and tax policy, we explore the multifaceted challenges facing the UK economy. They discuss the role of monetary policy in addressing inflationary pressures, the potential for interest rate cuts, and the need for targeted fiscal measures to stimulate growth.

Join us as we unravel the complexities of economic stagnation, productivity puzzles, and the policy prescriptions needed to navigate uncertain times. Gain valuable insights into the dynamics shaping the UK’s economic landscape and the path forward for policymakers.

For more expert analysis and updates from the IEA, visit our website at and follow us on Twitter. Don’t miss out on the latest developments shaping economic policy and public discourse.