Uk Economy Is Headed For The Worst Of All Worlds

[naomi24]

//UK economy had zero growth between July and September.  One of the UK's leading business groups, the CBI said its latest company survey suggested "the economy is headed for the worst of all worlds"....A separate survey by the British Retail Consortium, which represents UK retailers ranging from Marks and Spencer to Tesco, suggested a "January spending squeeze on the horizon" for consumers.

It said "public confidence in the state of the economy took a nosedive" this month, according to its consumer sentiment survey.

With sales growth unable to keep pace, retailers will have no choice but to raise prices or cut costs – closing stores and freezing recruitment//

 

https://www.bbc.co.uk/news/articles/c78631e4gygo

 

Batten down the hatches.  

[Pegasus16]

The devastating amateur Labour circus shambles continues along. What a complete mess. 

Way out of their depth.

[Togo]

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[Togo]

https://www.thetimes.com/imageserver/image/%2Fmethode%2Ftimes%2Fprod%2Fweb%2Fbin%2Fdc69d309-a860-4a37-be9e-7282f2617972.jpg?crop=2723%2C1816%2C591%2C174&resi

[barry1010]

None of this is surprising 

[Canary42]

I get a bit tired of repeating this but one more try and it might sink in.

UK is now governed by rich corporates (one thing the Lettuce Lady did get right in her post-PM statement) who have complete control over the economy so inevitably they undermine any left wing government.

[Pegasus16]

"It’s now official that Reeves’s omnishambles budget has left the UK on the brink of recession thanks to the ONS downgrading growth figures. On the back of that comes this morning’s CBI report lambasting Labour for creating a “hostile environment for aspiration, investment and growth,” with all fingers are pointed at the budget"

"The Treasury claimed in the Budget red book that “Inheritance Tax Reform,” including APR changes and BPR changes, will raise £520 million annually by 2029. Questions have been raised about how exactly it arrived at this figure. There is a strong suspicion in SW1 that many of the figures were lifted from far-left academic Arun Advani’s CenTax report, which was reproduced for the IFS."

[Ellipsis]

Perhaps it's something to do with the Tories taking us out of the EU (not about trade, eh?) and both the Tories and Labour alienating the leaders of the USA and the Commonwealth leaving ... what? China?

The world has gone a bit bearish and in such circumstances friends stick together. Our alliances are weaker than I can ever remember, so it's no surprise if we are "headed for the worst of all worlds."

[ToraToraTora]

12:25 have a day off canary, Labour inherited the strongest economy in the G7 on July 4th. They've crashed it in 5 months. I'm still trying to determine if that was deliberate or they really are that inept.

Corporates do not have control, rachel from accounts does

they gave inflation busting pay rises to public sector workers

destrtoted jobs with the suicidal ENI hike

bullied non Labour voters with a variety of spite choices.

This is just the start.

Like untitled for someone who claims not to vote for them you don't half go into bat for them.

[max137]

Canary42 same lame excuse for Labour failure look back over the history of Labour governments all were failures even the sainted Tony.

[ToraToraTora]

eclipse: "Perhaps it's something to do with the Tories taking us out of the EU (not about trade, eh?)" ,,, or it could be that we have rachel from accounts running the economy like a junior school tuck shop.

[Togo]

Not only have they destroyed the economy but they are also skimming 45% of the charity donations made, by the caring and socially resposible, British people. Disgraceful greed from the hate filled nightmare that is the politics of envy and spite.  

[ToraToraTora]

oh and let us not forget they are still determined to give £11.6bn to foriegners for "climate change initiatives".

[brainiac]

Where are AB's Labour cheerleaders to defend what they have done?

[Deskdiary]

"I get a bit tired of repeating this but one more try and it might sink in."

 

Perhaps it hasn't sunk-in because your comments that followed the above statement are patently absurd.

 

If the UK was governed by rich corporates, the rate of Employers' NI would not have been increased and the threshold at which it becomes payable would not have been reduced. Your statement is of weapons grade absurdity.

[ToraToraTora]

well you've got dumb and dumber who only talk about the tories and canary and untitled who keep refering to the kami quasi budget that was not actually implemented.

[Deskdiary]

@TTT - just after the budget, with incredible naivety untitled stated "i think people are making a massive stink over the NI contributions."

 

I wonder if he's revised that opinion?

[New Judge]

"I wonder if he's revised that opinion?"

Yes I wonder. After all, taking £25bn out of an already struggling economy is nothing much to worry about.

When I raised just that point, I was told that removing money from people and businesses was not actually "taking it out of the economy".  My schoolboy economics was obviously wrong. But judging by the outcome of that announcement, I'm not so sure that it is.

"UK is now governed by rich corporates (one thing the Lettuce Lady did get right in her post-PM statement) who have complete control over the economy so inevitably they undermine any left wing government."

Well it's a good job somebody is up to the task. Unfortunately His Majesty's Loyal Opposition does not seem to be cutting the mustard just yet.