UK, Bloomberg Westminster, David discussed on Bloomberg Daybreak Europe


Year that's going to weigh on demand and that's going to push up and employment So you may see some signs of this kind of fade in I think we've got data next week coming out on jobs and the official data is quite lagging It doesn't really give us enough to date picture of what's going on but I think most people expect there to be a kind of gradual easing of these pressures throughout the year You mentioned the economically inactive Again that's sort of a fairly long running story for the UK or at least in recent times it is Again what could attract those people back into the labor market Is it a question of more training education skills Because that's also a big problem for the UK Or could it be that those starting salaries actually attract some extra people back into the workforce Yeah I think there's been a focus on skills in the UK for quite a long time You lose track in the number of budgets and statements and the Chancellor where there are let's talk about this great investment in skills and that kind of thing I mean I think the reasons people have for being interactive aren't always that straightforward my colleague fell asleep in a fair bit about this about how the recent increase has been driven by things like health concerns and tickly mental health So that's obviously a very tricky thing to sort out for a chance to kind of policy alone So yeah I mean I think they've been trying to answer these questions for quite some time and we'll probably carry on trying to run to them for quite a long way in the future I guess And David you also have been writing about soaring energy bills Interestingly something we don't talk about that much is the threat not just to consumers which we know about but also to companies in the UK Yeah definitely I mean when you talk about energy all the focus is on households and we obviously have the price cap go up and that's got a lot of focus I think for companies themselves they're far more exposed to the energy market than households are they some of them are going to hedge but if you're a smaller business you don't really have that capacity so much So it's a more instantaneous pass through for them And I think that's a real problem And that's we had today showing that for 9 out of ten companies they see rising energy bills as they kind of biggest threat which I guess is no surprise given what the backdrop is and given how changeable the energy market is right now Yeah it really is a tricky moment isn't it Thank you so much David for being with us this morning I was speaking of which we've got a lovely special program actually on at 12 noon today on Bloomberg Westminster which is our political program But we've got some great guests including from the offshore energies UK group which is kind of a representative of offshore energy but also that includes oil and gas of course did to meet will be joining us and Luke Murphy from the IPPR after we got the energy strategy from the government this week year and so that's you and me at 12 noon Bloomberg Westminster and you can download a podcast of it too Yeah look forward to that That was that long awaited energy strategy from the government more nuclear and also more offshore winds we tried to move away from dependence on fossil fuels And of course tackle that massive problem of rising bills That's coming up at 12 o'clock as you mentioned Caroline Coming up today coming up next on the Bloomberg day We're going to talk about the French presidential election Sunday voting begins.

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