UK’s economy in recession

AlArabiya English

The United Kingdom’s economy is contracting and should it continue this way could shrink by 10 to 15 percent in the coming years, Errol Musk, father of billionaire businessman Elon Musk, says.   #UK

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00:00Can I just pick up on that? You said last week in this interview, you said someone needs

00:05to get England out of this. A strongman needs to get England out of this, you said. I mean,

00:11when you say this, what are you referring to? What does England need to get out of this?

00:15Well, you know, England's economy is contracting. So if it contracts at this rate over the next

00:21few years, it goes really quickly, it compounds. And so in a few years' time, short years'

00:27time, the economy might be 10% to 15% smaller than it is. And then it won't be able to sustain

00:34the population. And this is very serious. And, you know, in times gone by, everything

00:40we bought came from England. In this country and other countries I've stayed in, Canada

00:46and so on, virtually everything we bought came, or not everything, but nearly everything,

00:50certainly in South Africa, came from England. And these days, absolutely nothing comes from

00:56England.

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