UK economy had zero growth between July and September. The economy had zero growth in the three months, revised down from an earlier estimate of 0.1%.
https://www.bbc.co.uk/news/articles/c78631e4gygo
Posted by Make_the_music_stop
UK economy had zero growth between July and September. The economy had zero growth in the three months, revised down from an earlier estimate of 0.1%.
https://www.bbc.co.uk/news/articles/c78631e4gygo
Posted by Make_the_music_stop
20 comments
And things are getting worse. We’re in for a rough, rough ride.
This is the UKs long term future, sadly. Low growth etc, everything you were sold by Brexit was like everything which comes out of Nigel’s and Boris’s mouth, complete bollocks
Not sure why this isn’t obvious? Put the biggest tax raids on business and then wonder why businesses make people redundant, don’t increase wages, and don’t hire more people
Not really a recipe for growth is it?
Labour punishing companies for hiring and paying people, then acting shocked that they don’t has to be a special level of stupidity.
Infinite growth is impossible on a finite planet and economic growth is not a good measure of the wellbeing of the people or planet. Time for a new system.
Another benefit of brexit!
If the new Extended Producer Responsibility tax does come in next year, it’s going to make things even harder. I earn a decent income nothing massive but it’s just above £40k a year.
And I am even finding it hard to support my house and family, how the heck are earners below that line surviving with their families. Plus all pay rises in my company are on hold for another 3 years.
This seems to be common at the moment so I don’t understand why the OBR states the country is seeing a 5% rise in wages…. I assume these are roles in finance etc or is it just my company, just lucky I’m not being laid off…. Yet, see how the NI affects things.
The only western country to do well this year was the US under Biden. Zero growth is a European problem not just UK problem.
Can’t say I’m shocked. Hiking taxes was always going to have an impact. Labour need to demonstrate results quickly.
The adults are back in the room, baby!
Oh no not the growth. How will the rich get even more infinitly richer without growth? Won’t someone please think of the shareholders.
The only growth we had was because we had almost 1,000,000 working age people immigrate to the U.K. we had estimated growth of 0.2% but our GDP per capita had fallen by 0.7%. The worst in Europe. Kier Starmer has stopped the mass immigration we all wanted him to. Immigration numbers are down in every sector since April this year. But when you stop the influx of workers, it looks like the GDP dropped because we’re getting less working age immigrants added to the numbers, but it was never real growth anyway. We were warned that to undo the gross mismanagement was going to be hard, and it will be. But it’s not all doom and gloom. This is the first time in the last 8 years we’ve had people in charge making choices that will benefit the country long term. So cheer up. It’s Christmas.
Brexit caused
The wholly predictable aftershock of Brexit trade strangulation, Covid budgets, and Liz Truss. But Starmer and Co have been in power a whole 6 months, so let’s blame them aye.
let’s be honest if growth is far below inflation, it’s not growth
Its summer holiday time, does this usually happen when lots of people take time off and spent their wages in a different country? Genuine question.
0% growth is NOT a recession, paniks over!! 😝🍾🎉
But as you said it takes time to invest to make money, under the Tories growth was at it’s worst since the 1920s, so it is going to take time to raise a dead donkey.
Less white, productive, European immigration and more dusky Asian/African folk without the right to work might be a contributing factor, but apparently, brexit means brexit. You reap what you saw.
The chancellor and her vast experience are doing a great job
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