UK Latest: BOE Rates Outlook; Nurses Plan More Strikes

The transcript discusses the Bank of England's potential rate hikes, with economists divided on future actions. The BOE's chief economist, Hugh Pill, remains undecided, while Sylvana Tenreyro emphasizes the delayed effects of previous hikes. The decision in May hinges on upcoming data. Additionally, the transcript covers the impact of nursing union strikes on the UK healthcare system and economy. The Royal College of Nursing rejected a pay offer, while Unison accepted it, leading to potential prolonged strikes affecting healthcare services and economic growth.

What is the general consensus among economists regarding the BOE's future interest rate hikes?

• Economists believe there will be no more hikes.

• Economists are certain of a rate cut.

• Economists unanimously agree on more hikes.

• Economists are divided, but many believe the BOE is done with hikes.

What is the main reason the UK government is hesitant to increase pay for nurses?

• They want to save money for other sectors.

• They are waiting for more data.

• They believe nurses are already overpaid.

• They are concerned about inflation.

Which nursing union accepted the government's pay offer?

• National Union of Nurses

• British Medical Association

• Unison

• Royal College of Nursing

What could be a consequence of the ongoing strikes in the healthcare sector?

• Increased healthcare funding

• Shorter waiting list times

• Failure to meet waiting list reduction targets

• Higher GDP growth

What was a significant factor in the recent flatlining of GDP growth?

• Increased consumer spending

• Industrial strikes affecting services

• A rise in exports

• Government policy changes