The Treasury might well have said the government had “cut taxes for hundreds of thousands of businesses” but let’s face it, if the government wants the UK to still have a functioning economy by the the end of the year, it’s going to have to do one hell of a lot more than it is.
This is a problem. Even if Brexit is temporary (and we have no agreement on even that), a good part of the economic damage is permanent. The loss of research to the EU is going to be a long-term problem, as is the loss of EU institutions, the loss of networking effects, the cost of decoupling our economies, the loss of influence on EU policy.
The economy is already on it’s knees, they want a recession to try and bring inflation under control, but it’s going to take a global recession to bring prices under control as they are being driven by global factors, i.e, supply chain crisis, an energy market out of control.
But it’s very clear that due to extremely low wage rises over the past 10 years and extremely high household debt levels people are already struggling to deal with inflation as is, throw in interest rate increases and consumer spending is going to be even worse next year.
The likelihood is there will be many firms that go under do to the consumer spending slow down, we are already seeing new orders falling in the manufacturing sector and many firms are extremely over leveraged with debt. More mass redundancies are coming and with it even less consumer spending.
The economy is unsustainable in it’s current state.
Anyone with any debt that’s not at a fixed rate should be very worried.
Is this a real thing or just dramatic?
Time ran out over 20 years ago.
Lol. Thanks EU.
Nothing to do with fucking the country because of a damn cold then.
The plan all along is to kill economies, you can’t have your great reset without it.
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The Treasury might well have said the government had “cut taxes for hundreds of thousands of businesses” but let’s face it, if the government wants the UK to still have a functioning economy by the the end of the year, it’s going to have to do one hell of a lot more than it is.
This is a problem. Even if Brexit is temporary (and we have no agreement on even that), a good part of the economic damage is permanent. The loss of research to the EU is going to be a long-term problem, as is the loss of EU institutions, the loss of networking effects, the cost of decoupling our economies, the loss of influence on EU policy.
The economy is already on it’s knees, they want a recession to try and bring inflation under control, but it’s going to take a global recession to bring prices under control as they are being driven by global factors, i.e, supply chain crisis, an energy market out of control.
But it’s very clear that due to extremely low wage rises over the past 10 years and extremely high household debt levels people are already struggling to deal with inflation as is, throw in interest rate increases and consumer spending is going to be even worse next year.
The likelihood is there will be many firms that go under do to the consumer spending slow down, we are already seeing new orders falling in the manufacturing sector and many firms are extremely over leveraged with debt. More mass redundancies are coming and with it even less consumer spending.
The economy is unsustainable in it’s current state.
Anyone with any debt that’s not at a fixed rate should be very worried.
Is this a real thing or just dramatic?
Time ran out over 20 years ago.
Lol. Thanks EU.
Nothing to do with fucking the country because of a damn cold then.
The plan all along is to kill economies, you can’t have your great reset without it.