UK economy shrinks between April and June

29 comments
  1. …along with our pay, tolerance and basic decency.

    But all you need are our patented Tory-tinted glasses and everything looks just fine! Sign up now and we’ll send you a pair for the tiny cost of your soul!

  2. Who’d have guessed this?!

    Considering many are tightening their belts with zero discretionary spending , with most money going to rent, council tax and energy which won’t re enter the economy then yeah

  3. So what’s the mental gymnastics? Is it “it’s the same everywhere, it’s a global problem and nothing to do with the government” or will they try a new one?

  4. I don’t have it in me to make a Corbyn joke anymore. This is what happens with consistent negligence from a party voted in that practices cronyism.

  5. Don’t worry, we will be sitting in the dark in January, so you won’t be able to see the economic cataclysm on the news.

    Don’t you dare mention Brexit like a good little citizen

  6. It’s only going to get worse as people become more and more scared to spend what little they have. ‘Luxuries’ like the weekly takeaway, or those new shoes that you want but don’t really need, restaurant and pub visits, there’s gonna come a point where nobody is able to put their hand in their pockets for any of that.

  7. Imagine how much more resilient the UK economy would be if people didn’t have to pay such huge sums for housing!

    I know the latest issue is about power costs, but the underlying problem that no government wants to address is that housing in the UK has us in an economic death spiral, increasingly eroding people’s ability to support other areas of the economy.

  8. On one hand it’s great that I can walk into my local coop every day after work and there’s absolutely stacks of reduced stuff. I’ve been happily living off the reduced aisle for months now.

  9. The most problematic figure that people do not really talk about is that GDP is stuck at 2019 levels. Other countries are doing much better relatively to pre-covid.

    The UK economy is only 0.6% larger in real terms than in 2019Q4. Per capita, things are even worse. Even Italy is at +1%, despite a declining working-age population.

  10. But don’t worry guys! The tories are choosing their leader, so everything is alright!

    At this point I welcome economic ruin, because at least then the only way is up

  11. Why is this “Breaking News”? We have no money. I paid off my student loan 3 months ago, should now be £300 better off each month but I’m left in deficit because my gas and electricity have gone up £250 a month and it now costs an extra £75 to fill up my car. Thanks, rich guys. Trickle down? Fucking thieves at the top snatching it all from our hands.

  12. Tories once again fuck the economy and nothing happens. So much for being economic party, more like funnel money into our own pockets and crash the economy party.

  13. “Let’s eat and drink for tomorrow we may die.”

    I’m away on holidays and trying to enjoy it. But know that on our return, I need to seriously look at our future here, and whether we have one at all.

  14. When you wake up to yet more news of your energy bills going up to whatever the hell they want, you kinda stop spending, i can only earn so much per month. Once the new prices are here, if i haven’t saved enough before the increases im fucked.. so yeah, im not spending anything outside what i HAVE to..

    So glad i have worked since i was 15 to now worry about just paying for my basic human needs..

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