How Britain’s growth problem became a crisis

Britain is in a 17-year funk. A series of crises—some global and some homemade—have battered the British economy since 2008. GDP growth has been cut in half in the years since the global financial crisis, and after inflation, wages have barely budged either. Now, long-term government bond yields have risen to their highest levels in a quarter of a century, casting doubt on the new government’s plans for spending. So, just how broken is Britain?

Hosts: Mike Bird and Ethan Wu. Guests: The Economist’s Archie Hall; Paul Johnson, director of the Institute for Fiscal Studies; and Bank of England rate-setter Catherine Mann.