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Merryn Talks Money — The UK Government Must Cut Spending - Here's Why (with Kallum Pickering)
Buzzing ratingBUZZING· 81%58m·2025-11-24·Money

The UK Government Must Cut Spending - Here's Why (with Kallum Pickering)

Merryn Talks Money

UK consumers used to save very little — now they’re saving a lot, perhaps too much. Why? Kallum Pickering, Peel Hunt chief economist, joins host Merryn Somerset Webb to explain. He points to a “wealth shock”: when gilt yields surged in 2022, pension values fell sharply. At the same time, mortgage rates climbed and…

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