Britain is probably already in a recession after soaring interest rates and rising unemployment turned households more cautious about spending, according to an analysis by Bloomberg Economics. What could this mean for Prime Minster Rishi Sunak and the opposition Labour Party? We discuss the economic outlook and the political aftermath of the King's Speech with Bloomberg's Dan Hanson and Joe Mayes. Political Economist at abrdn, Lizzy Galbraith, also gives her opinion. "Bloomberg UK" focuses on the biggest economic, financial and political issues facing Britain. The program goes beyond the market moves with expert analysis and top interviews from the heart of London. (Source: Bloomberg)