The PM who will be appointed for the month of December will fix that. If not, the PM of January.
We’ll have austerity through the recession to help us deal with the impact of austerity after the last.
Following this recession we’ll have a tad more austerity to help us recover before the next recession.
I wonder why it’s less than the prediction of a 0.5% shrink mentioned in the article.
“We will steadfastly blame anything but Brexit. The thing that was ENTIRELY OUR DOING.”
The Tories
One small step towards recession; one giant leap for corporate profits
This is the biggest “no shit” and it’s only going to get worse.
Our orders have absolutely slumped in the last couple months. It’s like someone flipped a switch. People don’t have money to buy things ffs.
Britain’s economy has been in recession since Brexit.
I love how all this **** since april hasnt even been a recession. After a decade of austerity.
Stay poor and compliant plebs – this isnt accidental.
You dont protest and cause problems when you hate your neighbour on benefits and cant feed your kids.
Funny how all this came after many people made lots of savings during covid isnt it. Cant have that, need that back. Lets magically make EVERYTHING more expensive.
Ask yourself why fuel was so absurdly expensive when it was still what 75% tax?
The government could have absorbed the “shock” and adjusted tax to keep it low.
They didn’t. Why?
This crisis isnt a crisis for the elite. The war is a screen for societal adjustment from above.
What energy crisis causes all small companies selling eco energy to collapse and cause record profits for the big 3 that they get to keep having eliminated their competition?
US and Asian shares have rallied after cost of living rises slowed substantially more than it was predicted to rise. Hoping that these markets can drag the Eurozone and Britain back out of the mire, but the problems of Brexit are likely to be the major pillars in the way of any hopes of a swift return to growth.
BoE has to continue with interest rate rises to help lower the cost of government borrowing, so we can plug the financial black hole at the cheapest possible cost to the public purse, and to allow the UK more headroom to borrow more, to invest in the country and get us back to sustainable growth again.
“It was the Chancellor’s fault. ”
“Which one? ”
​
“Yes”
Anyone else hate the idea that fractional percentages of growth is the only metric of success for a country?
Life has been shit in the UK for years whether the economy went up or down
In the old text books we would already call it a recession.
Brexit vote took place, we as a nation voted to leave. I’m all good with this, it’s a democracy.
What I’m not okay is the handling of the deals, trade agreements, process changes and utter immature decision making of the Tories through the transition. If all was done correctly, we wouldnt be in this pile of horse crap we are now. and its a deep pile. i imagine with correction to the errors, it will take decades to get back on “top”.
As a Brit in the US I can believe that I am considering sending care packages to my parents and sister.
I was on the cusp of using my British passport and moving over this year. Seems I was wise to wait and see
My uncle has owned a barber shop for more than 12 years. As well as watching in disbelief at the endless turkish style shops popping up everywhere, his regulars have said they’re leaving it much much longer between visits or have apologised and said this is the last one for a while because they’ll cut at home. He charges only £8 for a cut too.
This country simply has no money.
It’s gone, the fixes dont work.
What the hell is the answer, does anyone really know?
Strong economy countries have manufacturing sectors which export goods. We have Costa coffee.
The can that has been kicked down the road for decades has hit a wall
I take it the economy is now officially part of the anti-growth coalition.
Don’t forget to clap and wave for the energy companies tonight at 8pm.
The worse thing about the “statistical definition of recession” is this idea that we aren’t in recession until two quarters have passed. If a second negative quarter happens then we were in recession 3 months ago. Hell it is possible to be in recession without two consecutive quarters, it is only an indicative statistical guide. The Cameron government did all sorts of tricks to ‘avoid a second recession’ by having huge losses one quarter followed by a flood of money the second to edge into positive territory. That didn’t make it not a recession, that in fact made the recession worse.
Bloody labour.
If only labour didn’t stand in the way of everything, we would be in growth right now.
dont say the bad word that begins with ‘B’, its got nothing to do with that. /s
I thought two consecutive quarters of economic contraction constituted a recession?
Who is this news article for?
Most ordinary people have been living the experience of constant recession: stagnant wages, lack of work bonuses, everything getting more expensive and overheads- since 2008.
We just need to work harder and pay more tax. Then be taxed on the tax. Easy
How is it a first step when we’re in the 3rd quarter of contractions? Isn’t a recession when there’s contraction for 2 quarters? We should already be considered well within a recession
Other half wants to get a dog, should I talk her out of it? The extra costs, a man.
27 comments
The PM who will be appointed for the month of December will fix that. If not, the PM of January.
We’ll have austerity through the recession to help us deal with the impact of austerity after the last.
Following this recession we’ll have a tad more austerity to help us recover before the next recession.
I wonder why it’s less than the prediction of a 0.5% shrink mentioned in the article.
“We will steadfastly blame anything but Brexit. The thing that was ENTIRELY OUR DOING.”
The Tories
One small step towards recession; one giant leap for corporate profits
This is the biggest “no shit” and it’s only going to get worse.
Our orders have absolutely slumped in the last couple months. It’s like someone flipped a switch. People don’t have money to buy things ffs.
Britain’s economy has been in recession since Brexit.
I love how all this **** since april hasnt even been a recession. After a decade of austerity.
Stay poor and compliant plebs – this isnt accidental.
You dont protest and cause problems when you hate your neighbour on benefits and cant feed your kids.
Funny how all this came after many people made lots of savings during covid isnt it. Cant have that, need that back. Lets magically make EVERYTHING more expensive.
Ask yourself why fuel was so absurdly expensive when it was still what 75% tax?
The government could have absorbed the “shock” and adjusted tax to keep it low.
They didn’t. Why?
This crisis isnt a crisis for the elite. The war is a screen for societal adjustment from above.
What energy crisis causes all small companies selling eco energy to collapse and cause record profits for the big 3 that they get to keep having eliminated their competition?
US and Asian shares have rallied after cost of living rises slowed substantially more than it was predicted to rise. Hoping that these markets can drag the Eurozone and Britain back out of the mire, but the problems of Brexit are likely to be the major pillars in the way of any hopes of a swift return to growth.
BoE has to continue with interest rate rises to help lower the cost of government borrowing, so we can plug the financial black hole at the cheapest possible cost to the public purse, and to allow the UK more headroom to borrow more, to invest in the country and get us back to sustainable growth again.
“It was the Chancellor’s fault. ”
“Which one? ”
​
“Yes”
Anyone else hate the idea that fractional percentages of growth is the only metric of success for a country?
Life has been shit in the UK for years whether the economy went up or down
In the old text books we would already call it a recession.
Brexit vote took place, we as a nation voted to leave. I’m all good with this, it’s a democracy.
What I’m not okay is the handling of the deals, trade agreements, process changes and utter immature decision making of the Tories through the transition. If all was done correctly, we wouldnt be in this pile of horse crap we are now. and its a deep pile. i imagine with correction to the errors, it will take decades to get back on “top”.
As a Brit in the US I can believe that I am considering sending care packages to my parents and sister.
I was on the cusp of using my British passport and moving over this year. Seems I was wise to wait and see
My uncle has owned a barber shop for more than 12 years. As well as watching in disbelief at the endless turkish style shops popping up everywhere, his regulars have said they’re leaving it much much longer between visits or have apologised and said this is the last one for a while because they’ll cut at home. He charges only £8 for a cut too.
This country simply has no money.
It’s gone, the fixes dont work.
What the hell is the answer, does anyone really know?
Strong economy countries have manufacturing sectors which export goods. We have Costa coffee.
The can that has been kicked down the road for decades has hit a wall
I take it the economy is now officially part of the anti-growth coalition.
Don’t forget to clap and wave for the energy companies tonight at 8pm.
The worse thing about the “statistical definition of recession” is this idea that we aren’t in recession until two quarters have passed. If a second negative quarter happens then we were in recession 3 months ago. Hell it is possible to be in recession without two consecutive quarters, it is only an indicative statistical guide. The Cameron government did all sorts of tricks to ‘avoid a second recession’ by having huge losses one quarter followed by a flood of money the second to edge into positive territory. That didn’t make it not a recession, that in fact made the recession worse.
Bloody labour.
If only labour didn’t stand in the way of everything, we would be in growth right now.
dont say the bad word that begins with ‘B’, its got nothing to do with that. /s
I thought two consecutive quarters of economic contraction constituted a recession?
Who is this news article for?
Most ordinary people have been living the experience of constant recession: stagnant wages, lack of work bonuses, everything getting more expensive and overheads- since 2008.
We just need to work harder and pay more tax. Then be taxed on the tax. Easy
How is it a first step when we’re in the 3rd quarter of contractions? Isn’t a recession when there’s contraction for 2 quarters? We should already be considered well within a recession
Other half wants to get a dog, should I talk her out of it? The extra costs, a man.