How long will the Tories keep blaming the last Labour government for our economic woes?
Why does gdp need to rise? No seriously. I’ve studied econ extensively. And don’t give me growing population rubbish. A growing gdp means next to nothing if you tuck into the philosophy behind it. GDP is like revenue. It means nothing if your margins are shite
Growth will continue to be slow due inflation and also possible interest rate rises after Xmas.
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But what about the unicorns, or am I thinking of tax dodge vehicles?
This is from before Omicron and before people started cancelling trips to pubs/restaurants because they were worried about the new variant – at the point where things were meant to be looking pretty good.
If GDP growth had already pretty much stopped in October, we’re pretty fucked this month!
Brexit has really messed up the UK. Net migration has plummeted (fewer people spending). Supply chain issues are putting artificial caps on spend. Jobs are moving to the continent, and companies are setting up subsidiaries in the continent, which reduces the amount of money flowing through this island.
As a point of comparison, Real GDP is 2.1% down vs pre-pandemic. The Eurozone is only down 0.5%. France, a similar economy to the UK, is only down 0.1%. The US is actually up 1.4%.
2022 recession here we come
Bloody EU, coming over here, taking our economic growf
Restrictions are only going to get tighter over the next few weeks. Unless the Tories bring back support for businesses and individuals affected, the economy is going to tank again.
9 comments
How long will the Tories keep blaming the last Labour government for our economic woes?
Why does gdp need to rise? No seriously. I’ve studied econ extensively. And don’t give me growing population rubbish. A growing gdp means next to nothing if you tuck into the philosophy behind it. GDP is like revenue. It means nothing if your margins are shite
Growth will continue to be slow due inflation and also possible interest rate rises after Xmas.
[deleted]
But what about the unicorns, or am I thinking of tax dodge vehicles?
This is from before Omicron and before people started cancelling trips to pubs/restaurants because they were worried about the new variant – at the point where things were meant to be looking pretty good.
If GDP growth had already pretty much stopped in October, we’re pretty fucked this month!
Brexit has really messed up the UK. Net migration has plummeted (fewer people spending). Supply chain issues are putting artificial caps on spend. Jobs are moving to the continent, and companies are setting up subsidiaries in the continent, which reduces the amount of money flowing through this island.
As a point of comparison, Real GDP is 2.1% down vs pre-pandemic. The Eurozone is only down 0.5%. France, a similar economy to the UK, is only down 0.1%. The US is actually up 1.4%.
2022 recession here we come
Bloody EU, coming over here, taking our economic growf
Restrictions are only going to get tighter over the next few weeks. Unless the Tories bring back support for businesses and individuals affected, the economy is going to tank again.