"We're not seeing consumer distress. We are in fact seeing continued consumer strength," Barclays Group Chief Executive C.S. Venkatakrishnan told CNBC.
➡️ His comments come as U.K. Prime Minister Keir Starmer’s Labour administration attempts to battle surging inflation and public skepticism over Finance Minister Rachel Reeves’ planned tax increases.
➡️ A vocal Reeves supporter, Venkatakrishnan said the current government remains 'absolutely' on track with its economic steps and outlined the hurdles facing the British economy.
Watch the full interview here: https://youtu.be/44mjNHIVVd4
-----
Subscribe: @CNBCInternationalLive
Subscribe to CNBC International: @CNBCInternational
LinkedIn: https://www.linkedin.com/showcase/cnbc-international/
TikTok: https://www.tiktok.com/@cnbci
Facebook: https://www.facebook.com/cnbcinternational
Instagram: https://www.instagram.com/cnbcinternational/
Threads: https://www.threads.net/@cnbcinternational
X: https://twitter.com/CNBCi
Telegram: https://t.me/cnbci
--
Support podtube.me continuity as a free service. Become a Patreon or make an one-time donation
--
Video at Youtube: https://www.youtube.com/watch?v=9d5JHmbBUkA