Making it sound like this is just a blip caused by the Bank holiday seems a bit dishonest when you look at the figure in the context of the monthly GDP figures released this year (based on the month where they were released):
– January 0.1%
– February -0.5%
– March 0.3%
– April 0.0%
– May -0.3%
– June 0.2%
– July -0.1%
This is what stagnation looks like.
There’s a reason or an excuse put forward every time there’s a flat or negative reading, but the economy has been basically flat for a long time. Our economy is no bigger than it was in 2019 – that means that we’ve seen no growth at all throughout the time that Johnson, Truss and Sunak have been Prime Minister.
The headline shouldn’t be about the extra Bank Holiday, it should be about the fact that we’re still not seeing any kind of economic growth.
I thought the Kings coronation was going to be good for the economy? Wasn’t everyone going out spending on beer and parties? Or was that just a load of royalist rubbish?
2 comments
Making it sound like this is just a blip caused by the Bank holiday seems a bit dishonest when you look at the figure in the context of the monthly GDP figures released this year (based on the month where they were released):
– January 0.1%
– February -0.5%
– March 0.3%
– April 0.0%
– May -0.3%
– June 0.2%
– July -0.1%
This is what stagnation looks like.
There’s a reason or an excuse put forward every time there’s a flat or negative reading, but the economy has been basically flat for a long time. Our economy is no bigger than it was in 2019 – that means that we’ve seen no growth at all throughout the time that Johnson, Truss and Sunak have been Prime Minister.
The headline shouldn’t be about the extra Bank Holiday, it should be about the fact that we’re still not seeing any kind of economic growth.
I thought the Kings coronation was going to be good for the economy? Wasn’t everyone going out spending on beer and parties? Or was that just a load of royalist rubbish?