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By (user no longer on site) OP 50 weeks ago
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So the U.K quietly slipped in to recession at the end of 2023. Might put a dampener on a May election - Sunak may want to ride it out to spin a yarn about guiding the nation through economic turmoil or some such bollocks.
Or will he just call it quits as a bad job? |
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It's a "technical" recession. I believe the figures are still not 100% accurate for the last quarter and may be amended down further or up.
At the end of the day one central banks increase interest rates countries economies shrink. Just look at the SandP500 all of last year... |
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By *otMe66Man 50 weeks ago
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There is no reason to call an election right now, the tories would lose more seats.
Sunak and the conservative party will in my opinion run up to the summer, and hope that during recess, we have perfect weather, with news of wars and recession taking a back seat to strawberries and cream, bbq's and 10 mile traffic jams anywhere near the coast.
Then he will have a chance of saving some seats, not winning an election though.
If we was to do that I would expect a mid September / early October election. |
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"So the U.K quietly slipped in to recession at the end of 2023. Might put a dampener on a May election - Sunak may want to ride it out to spin a yarn about guiding the nation through economic turmoil or some such bollocks.
Or will he just call it quits as a bad job? "
I think the May election was unlikely so feel your right and they will stick to going late into the year before calling the GE |
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By (user no longer on site) OP 50 weeks ago
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It’s a good job the population has grown, else the situation would be even worse. GDP per head of population has been stagnant or falling since early 2022. |
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The number of company insolvencies was the highest annual number since 1993. CVLs increased by 9% from 2022 to a new record high number in the time series going back to 1960. Numbers of compulsory liquidations (up 44%), administrations (up 27%) and CVAs (up 67%) were also all higher than in 2022. ( ONS 30 Jan 2024)
Instead of recession we should be enjoying the prosperity of brexit. |
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We've been told for the last 2 years we're heading for recession. Normally the threat of recession is self prophecy. Threaten it people stop spending so we go into recession and stop inflation. It didn't work because many had more money after furlough than they had ever had (I know some didn't and many suffered) many were furloughed and also had other jobs so earnt double earnings. Many got grants and loans (at almost zero rates) they had disposable cash. Cash they held on to until the storm cleared. Then they spent, spent, spent.
The bank of England admitted early on when they started raising rates they wanted to curb spending (therefore creating recession) they wanted to remove money from the economy so we spend less, prices will have to come down, therefore reducing inflation. The covid money people had saved is now gone. Hence the lack of spending. |
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"It's a "technical" recession. I believe the figures are still not 100% accurate for the last quarter and may be amended down further or up.
At the end of the day one central banks increase interest rates countries economies shrink. Just look at the SandP500 all of last year..."
According to the latest retail prices index figures, mortgage inflation is running at 45% |
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"I'm happy to bet that in the next few weeks the so-called experts with revise this to show that we aren't in recession...it wouldn't be a first "
Absolutely, nothing to see here. Everything is fine. Vote Tory. |
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"I'm happy to bet that in the next few weeks the so-called experts with revise this to show that we aren't in recession...it wouldn't be a first
Absolutely, nothing to see here. Everything is fine. Vote Tory. "
Oh Johnny, you're well aware that the economic forecasters get it resoundingly wrong no matter which party is in govt so there's no need for the flippancy |
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"I'm happy to bet that in the next few weeks the so-called experts with revise this to show that we aren't in recession...it wouldn't be a first
Absolutely, nothing to see here. Everything is fine. Vote Tory.
Oh Johnny, you're well aware that the economic forecasters get it resoundingly wrong no matter which party is in govt so there's no need for the flippancy "
Indeed. As long as nothing reflects badly on the current government, we're all good. |
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"I'm happy to bet that in the next few weeks the so-called experts with revise this to show that we aren't in recession...it wouldn't be a first
Absolutely, nothing to see here. Everything is fine. Vote Tory.
Oh Johnny, you're well aware that the economic forecasters get it resoundingly wrong no matter which party is in govt so there's no need for the flippancy
Indeed. As long as nothing reflects badly on the current government, we're all good."
Poor response |
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"I'm happy to bet that in the next few weeks the so-called experts with revise this to show that we aren't in recession...it wouldn't be a first
Absolutely, nothing to see here. Everything is fine. Vote Tory.
Oh Johnny, you're well aware that the economic forecasters get it resoundingly wrong no matter which party is in govt so there's no need for the flippancy
Indeed. As long as nothing reflects badly on the current government, we're all good.
Poor response "
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"Can’t be that bad, today Sunak is talking up tax cuts, that they are affordable.
Would that not be better spent on public services. "
No, fuck that ..
Pile a few more millions on to the ever growing debt we've accrued since 2010..
Bribe the electorate who seem gullible enough these last few years, get back in then more cuts to the services the plebs use or greater privatisation to save the same that you've run into the ground in order for big businesses to save and profit from..
Ker fucking Ching.. |
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