Inflation, austerity and the wage-price spiral

On the first episode of Macrodose James Meadway breaks down the the OECD warning that the UK’s growth prospects are the worst of all the G7 countries (1:06); the austerity 2.0 measures of Rishi Sunak’s government (6:05); and the new IMF report on inflation, which debunks the idea that advanced economies, like the UK, are experiencing rising prices due to an increase in worker pay (13:05).