'People are too pessimistic!' | Autumn Budget

The UK economy is forecast to have shrunk in August on the back of a decline in the services sector, according to experts. The Office for National Statistics will unveil the latest monthly UK economic growth data on Thursday. Economists have said the economy is likely to have contracted in August in a “correction”, after stronger-than-expected showings in June and July. In June, the UK economy grew 0.3% as hospitality and leisure firms received a boost from football fever and prolonged hot weather. Andrew Marr hears some better news from Mervyn King, the former Governor of the Bank of England, as well as Ruth Curtice, Former Director of Fiscal Policy at HM Treasury, who is currently Chief Executive of the Resolution Foundation. 00:00 | Andrew's introduction 02:05 | Mervyn King's good news 12:45 | Ruth Curtice joins the show #andrewmarr #bankofengland #economy #budget #andyburnham #ukpolitics #news #LBC