The UK has a ‘fair few years’ of pain before we see economic stability says former RBS boss

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The UK has a ‘fair few years’ of pain before we see economic stability says former RBS boss
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National Australia Bank's Ross McEwan warns the UK has a 'fair few years' of pain 'to get through' before we see economic stability. NickFerrariLBC

that the UK’s economic “troubles” could last a “fair few years”.

Ross McEwan, CEO and Managing Director of National Australia Bank, was asked by Nick Ferrrari: “How long do you think the pain will continue in the UK?” Mr McEwan replied: “I think you’ve got a fair few years to get through this. You've got to get inflation down, which is difficult.”This conversation comes amid a raging cost of living crisis. The UK entered a recession earlier this month according to the Office forBudget Responsibility and Chancellor Jeremy Hunt announced over £50bn of tax rises and spending cuts.

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