Keir Starmer Says UK Economy Is Starting to Turn Around

https://finance.yahoo.com/news/keir-starmer-says-uk-economy-090501153.html

by PerformerOk3600

30 comments

  1. I read the article and biases aside, the recent moves do look positive from Starmer but only time will tell if it will actually turn around the economy.

  2. Bizarre how it is both falling apart and turning around at the same time.

  4. The economy isn’t the problem.

    It’s the wealth inequality gap that needs fixing. Too few have too much and they need to be taxed more.

    Our public services are suffering. People are in food poverty, energy poverty. But the economy is on the verge of turning around so all’s well.

  5. It’s interesting this as I sat at work yesterday and we all agreed we could smell a recession coming.

    People worrying about keeping their jobs.. check
    Companies not replacing staff and no new hiring. Check
    People holding onto what they have. Check
    People not making any large purchases. Check
    Job market completely fucked. Check

    The few companies I have spoken to all report the same. Lack of work etc.

    So maybe Kier is right and I’m wrong. Time will tell

  6. A house is still no closer for me to afford; don’t paint shit gold and call it a treasure. It’s easy for people who have literally zero money trouble with multiple houses around the country and in London itself to tell everyone else “we’re all doing just fine, trust me”.

  7. Posted seven minutes after this from the Telegraph – Starmer to veto anti-growth policies in scramble to rescue economy
    Headlines are a wild ride

  8. Looks around. Cleans glasses. Nope still not seeing it.

  9. **Unpopular opinion:** A small uptick in economic metrics doesn’t mean life will improve for the average person anytime soon. Recovery is meaningless if it doesn’t trickle down.

  10. I think the attitude around the U.K. economy is starting to shift. It seems that this government is hell bent on growth at any cost, a policy I think is actually quite smart.

    We seem to finally be leaving the post brexit/covid malaise, and a lot of investors are openly quite bullish about our prospects. Of course you don’t want to congratulate someone on a job well done before it’s actually happened, but I think the foundations are being laid for actual growth in this country for the first time in well over a decade. The sanctioning of massive infrastructure projects, the announcements of huge investments, it all is doing a lot in my eyes to increase confidence.

  11. No its not….. anyone blessed with the gift of sight can see how much shit we are in. As many others have pointed out, even if the economy starts to get better it’s the uber rich that benifit from it. Nothing really changes for people who are just trying to get by in life, and I am fully expecting an “official” confirmation of a recession by Q2 of this year (unless they change the way they calculate the numbers again).

  12. We need to get our energy price down. Can’t get data centres here with expensive energy costs. We won’t get more manufacturing here without a reduction in energy costs. We have all this renewable energy infrastructure going up (which is great) but we need to start seeing the fruits of that investment

  14. So in other words, you’re cutting sickness benefit because you want to, not because you think it’s necessary bdue to the state of the economy? Good to know.

  15. Without doing something to attract outside investment into the country fuck all is going to turn around. You can’t tax your way to prosperity.

  16. FTSE managed to absorb yesterday’s ai shock. Gilts seemed to have recovered after the sell off, the pound is rebounding. Investment starting to come in. Things are looking a lot better.

  17. It’s not.

    And when it does, no one who works will notice because current and imminent taxes rises will more than swallow any crumbs that fall to them.

    I don’t get how anyone takes any of this seriously:

    * Growth and the economy is a huge problem according to Keir. I agree.

    * He’s done nothing on that subject except increase taxes.

    * He says it’s turning around. But he hasn’t done anything so it’s a huge problem, that’s also self solving? And what shows it is turning around?

    * And to fix it, we have to use AI, reform planning and strip away regulations according to Keir. Only he’s done nothing on any of those subjects? And has no plans to do anything on them? So what the fuck?

    The whole government policy is just a list of sound bites that fall apart when you actually try to work out what is happening or going to happen or how any of it connects together. Wtf Keir.

    What’s the saying “better to stay silent and be thought about idiot than speak and remove all doubt”.

  18. He can say this all he wants but until the cost of food, rent, petrol/diesel, gas and electric come down, none of us will feel the effect

  19. Is it? A 0.1% growth after consecutive 0.1% contractions is nothing really. All it shows is we are stagnant, no one will notice that. But what people will notice is the mass redundancies going on and uptick in unemployment. Plus more inflation forecast for 2025.

    I’d be quiet if I was Starmer right now. There are some positive signs of investment from Reeves but nothing has materialised yet or seen any impact. But she is taking the brunt of all the criticism so he should just sit and let her cook for a bit. Ultimately the NI increases have been a disaster and there will be big job losses before they kick in in April

  20. Line go up? Maybe line start to go up. Soon. Maybe. If line go up Kier is good boy, Rachel keep job. Rivers still full of shit. Prices stay stupid for homes, utilities and food. Jobs mostly pay not enough to live/support family etc. But hopefully line go up. Soon.

  21. If you really want to know how to economy is doing, go speak to your parents. Go speak to your friends. Go for a walk down your local high street. You’ll see how the economy is doing much clearer

  22. At the overall GDP level, maybe. But what matters is GDP per capita. And it’s awful to look at and will continue to be based on population projections today.

  23. I’d love to know what he’s smoking.

    This is a false economy, businesses are price gouging, tax dodging and our budget is an actual mess. We have a Chancellor who clearly has a lack of judgement, and inequality is at unacceptable levels.

    If this is good? Then I would hate to see what bad is.

  24. Oh yes, the Joe Biden approach of pointing at numbers on a chart, while the average citizen is getting poorer in real time.

  25. Laughable, stinks if desperation and so early in his premiership should set of alarm bells in labour voters minds! The chancellor’s budget changes haven’t even come into effect yet and there are already mass layoffs 🙃

  26. hot take but with a population of 60 million people, we should be at 4+ trillion if our country was properly managed

  27. Whatever happens that will not go into the pockets of the ordinary people.

    Labour needs to go back to their roots.

    Eat the rich and redistribute wealth so the working classes can feel the ‘improvement’.

  28. This clown knows as much about the economy as the brightest tool on here, don’t worry here comes Reeves with her fake CV in hand to rescue the day.

  30. We need to focus on wealth growth, if you grow wealth in theory everyone should have more. Instead we have focused on income tax and it’s resulted in a situation where literally millions of people do everything they can to not go over the higher tax rate including working less days in a week rather than get paid more – because on a matter of principle they don’t want to take on more work and responsibility and have 40% of the earnings taken. The higher rate tax was supposed to be a tax on the highest earners it’s not even twice the median wage now. It discourages ambition and aspiration and stifled productivity.

    We should also probably have taxes or bans preventing foreigners buying up housing in our cities that they don’t plan to live in but are simply holding for investment, often in areas like central London they aren’t even renting the places out.

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