The Bank of England raised interest rates by half a percentage point to 3.5% today, its ninth increase in a row as it continues to try and cool high inflation. The news came as nurses across much of the UK launched a historic strike, walking out of hospitals and onto picket lines after several years of falling pay and declining standards that have left the country’s nationalized health care system in a state of crisis. Joining us to discuss the situation is Berenberg Bank Senior UK Economist Kallum Pickering.

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