You mean stopping all investment other than in your mates doesn’t work? We’ll colour me shocked
Back to back years of ~ 10% structural inflation and 5.5% interest rates, no surprises here.
Its almost like the economy was shut down for a while………….
Doing planning reform could drive enough growth that’s pent up that we could go over 20 years without a recession lol. It really is that easy. A country that builds fuck all is going to be in recession a lot.
You could rewrite the Town County Planning Act in 3 months, pass it, and never have to worry about recession again till almost 2050.
So mass immigration doesn’t magically make the economy good?
We’ve been selling assets manically to stave off recession for 4 years. This is nothing new
Easy enough to resolve – We’ll just have to follow what the Yanks did and simply redefine what a recession is.
Feels like they’ve been saying this every month for yearzzzz 😴
Why are we importing 1.2 million people into the country every year then? Or are they not all net contributors and just low skilled slaves whose purpose is to inflate house prices and depress wages?
Pretty sure we were supposed to going into recession (or flat lining the economy) to help slow Inflation?
That’s was the purpose of BoE Interest Rate rises… to slow the Economy down… and control/slow Inflation.
But the Tories were celebrating growth in Summer this year.
I wish people would realise how hugely fucked up that is, we had to endure over a year of insane 10% Inflation and were supposed to be slowing down the Economy to manage that inflation. Instead the opposite happened (Growth and Inflation staying high) because they were so slow to do anything, we continued on the same path and they tried to play it off as them winning.
They even tried to compare us to Germany… “Looookkkk We have Growth and Germany has Recession, UK UK UK UK!!!” When the truth was Germany was trying to control Inflation like we should have been doing.
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You mean stopping all investment other than in your mates doesn’t work? We’ll colour me shocked
Back to back years of ~ 10% structural inflation and 5.5% interest rates, no surprises here.
Its almost like the economy was shut down for a while………….
Doing planning reform could drive enough growth that’s pent up that we could go over 20 years without a recession lol. It really is that easy. A country that builds fuck all is going to be in recession a lot.
You could rewrite the Town County Planning Act in 3 months, pass it, and never have to worry about recession again till almost 2050.
So mass immigration doesn’t magically make the economy good?
We’ve been selling assets manically to stave off recession for 4 years. This is nothing new
Easy enough to resolve – We’ll just have to follow what the Yanks did and simply redefine what a recession is.
Feels like they’ve been saying this every month for yearzzzz 😴
Why are we importing 1.2 million people into the country every year then? Or are they not all net contributors and just low skilled slaves whose purpose is to inflate house prices and depress wages?
Pretty sure we were supposed to going into recession (or flat lining the economy) to help slow Inflation?
That’s was the purpose of BoE Interest Rate rises… to slow the Economy down… and control/slow Inflation.
But the Tories were celebrating growth in Summer this year.
I wish people would realise how hugely fucked up that is, we had to endure over a year of insane 10% Inflation and were supposed to be slowing down the Economy to manage that inflation. Instead the opposite happened (Growth and Inflation staying high) because they were so slow to do anything, we continued on the same path and they tried to play it off as them winning.
They even tried to compare us to Germany… “Looookkkk We have Growth and Germany has Recession, UK UK UK UK!!!” When the truth was Germany was trying to control Inflation like we should have been doing.
This country is fucked.