Algebris' Gallo Sees Consumer Squeeze in U.K. Economy

The video discusses the economic slowdown in the UK, highlighting the impact of Brexit on consumers and retailers. It points out the government's unpreparedness for Brexit negotiations and the lack of a viable economic plan. The consumer squeeze is expected to have political consequences, potentially leading to early elections. The government may need to increase spending to address inequality, which could affect the GDP and financial markets.

Discuss the implications of rising inequality in the context of government spending.

What challenges does the government face regarding public spending and economic growth?