BBC Newsnight(@BBCNewsnight):"A lot people ask me why the UK's interest rate so much higher than Europe... the issue is very simple..." Economist Mohammed El-Erian discusses the difference between UK interest rates and Eurozone countries, which he says can rely on "pooled insurance". #Newsnight

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BBC Newsnight@BBCNewsnight

2026.08.18 21:57

"A lot people ask me why the UK's interest rate so much higher than Europe... the issue is very simple..." Economist Mohammed El-Erian discusses the difference between UK interest rates and Eurozone countries, which he says can rely on "pooled insurance". #Newsnight#