Recession Risk As Britain Reels From Reeves’s Budget ?

[youngmafbog]

Economists have sounded the alarm over a UK recession after data showed Britain’s economy was reeling from the effects of Rachel Reeves’s tax-raising Budget.

Britain is now “close to stagnation” after closely watched PMI figures showed activity among the UK’s private sector companies shrank for the first time in more than a year in November.

Sterling dropped to its lowest against the dollar since May and banking stocks plunged on Friday. Economists said they were “more worried” that Britain’s performance might not be as good as previous forecasts.

 

Escape as it loads.

https://www.telegraph.co.uk/business/2024/11/22/ftse-100-markets-latest-news-uk-retail-sales-jobs-reeves/

 

[max137]

Simple cause and effect.

[Deskdiary]

According to one AB member it was "the greatest budget ever".

 

They have yet to explain why.

[gramps85]

DD. And they never will!

[bookbinder]

Would the fears of a recession possibly be alleviated if Labour said, quite openly and forcefully, that the hard-hitting measures that are about to be taken are all the result of the Tories leaving the UK economy in a real mess?

[tommy39]

welcome to the poundshop government,that is yet to get anything right

[curlyfries81]

This is what happens when you have idiots at the helm. 

[gulliver1]

......This is what happens when idiots vote Brexit......

[naomi24]

As assorted News of this government's handiwork trundles in daily so the prospect of it ever doing anything sensible seems more and more unlikely.  To say they don't inspire confidence is an under-statement.  And we're only four months in.  Lord help this country!

[Deskdiary]

Bookbinder - they'll be doing that up until the day before the end of this Govts single term.

 

The thing that irritates the bejesus out of me about politicians in general, but this shower are taking it to a new level, is that they spout crap that is clearly untrue but such is their disrespect for the electorate is that they expect people to swallow it and yet anybody with half a brain knows they are talking cobblers (other than two on this board who believe everything they are told - we know who they are, although they're too daft to know it's them).

[fender62]

when you see labour front benchers in interviews, they always look like they are in a cult, looking up or away like they can see invisible people or on the drug of socialism, straight questions always get deflected, like used cars salesmen when you ask about that engine noise, is it the transmission.

[Prudie]

The senior people in government must be clever, determined  and must have known what they were doing so the only explanation is they don't give a ***.

[curlyfries81]

Labour can absolutely destroy the economy and our Country but there are a few ostrict impersonators on this site who will always blame Brexit when anything goes pear-shaped.

[theshedman]

There are a couple of idiots on this site who, however many *** ups Labour make and they seem to be making quite a few will always see it as either Boris's or brexit's fault.  These same people will also never answer a question.  Accusations galore but answers few.  

[gramps85]

Gulliver 17.44  How has Labour's mess up with the economy been caused by Brexit.  If you cannot answer, I respectfully suggest you shut up about Brexit.

[ToraToraTora]

Junior school tuck shop economics! All the main measures in the budget will have the reverse effect to what is intended because Rachel from accounts has no idea about economics. The country will feel the pain but there is no benefit. The big ticket item was ENI that will result in less receipts over all.

[Ryzen]

Labour have managed to wage war on...

The pensioners

The farmers

Donald Trump

Putin

...what could possibly go wrong?