UK Economy on Thin Fiscal Ice as New PM Faces Budget Challenge

Andy Haldane, the former chief economist of the Bank of England, warns that the UK economy is 'on thin fiscal ice' as new Prime Minister Andy Burnham prepares for his first Budget in a few weeks. The economic outlook is challenging due to sluggish growth, rising cost of living, and the threat of inflation from the ongoing war in Iran.

Haldane's warning comes at a critical time for the UK economy, with concerns about cuts to welfare, the pensions triple lock, and high unemployment rates among young people, known as NEETs (those not in education, employment or training).

The Fourcast episode features Haldane and Channel 4's Economics Editor Helia Ebrahimi discussing these pressing issues and their potential impact on the economy.