New data suggest dramatic decline in U.K living standard. They try to blame the data they've used for decades. RIP Western Europe.

[shockedcanadian]

Amazing stuff. There are some reports suggesting by 2030, the U.K will no longer be in the same economic class as other Western nations.

Astounding collapse. China is eating everyones lunch and only one global leader is standing up to them and the global socialists.

The caste system fails everywhere it is applied


The latest official statistics on household incomes show dramatic falls, but there is reason to doubt their reliability.

https://ifs.org.uk/articles/new-data-suggest-dramatic-decline-living-standards-it-may-just-be-quality-data-has

• Today, the Department for Work and Pensions released the latest official statistics on UK household incomes (known as Households Below Average Income, or HBAI), covering the financial year 2023–24. These statistics show a substantial fall in incomes across the distribution. Median incomes are estimated to be down 2% on the previous year, and the falls are estimated to be even larger for the bottom 15% of the distribution (below the poverty line). Despite this, the estimated relative poverty rate (giving the proportion with household incomes below 60% of the median) was similar to the previous year, at 21%, as measured incomes close to the poverty line only fell slightly.
• 
  
• However, these statistics – while being the highest-quality data on disposable household incomes we have – are based on a survey of a sample of households (17,000 this year), and survey-based statistics can sometimes diverge from reality. This is always the case, but is a particular risk in the context of lower survey response rates since the pandemic (this year, 31% responded to the survey on which HBAI is based, compared with 49% in 2019–20).

 

[Zavulon]

They need to send more help to Ukraine and imply new sanctions against Russia.

 

[shockedcanadian]

They need to send more help to Ukraine and imply new sanctions against Russia.

That's not related to the article. I'm sure Russias standard of living hasn't been booming either.

 

[Zavulon]

That's not related to the article. I'm sure Russias standard of living hasn't been booming either.

Actually, they are increasing. And no, it is related to the article. If you want to fight a war (even proxy one) you'd better improve your economy first.

 

[westwall]

Actually, they are increasing. And no, it is related to the article. If you want to fight a war (even proxy one) you'd better improve yoir economy first.

You do that by kicking Chinese products out of your country.

So long as you don't do that you are on a downhill slide to oblivion.

 

[Zavulon]

You do that by kicking Chinese products out of your country.

Simple kicking Chinese products out of your country will just cause drastically decreased quality of life.

So long as you don't do that you are on a downhill slide to oblivion.

And if you do it - you are falling in abyss.

 

[Failzero]

The Browning of the UK Ireland and the EU is not negotiable with the Anti Colonialist Marxists

 

[The Irish Ram]

What Trump is doing caused China to reconsider our tariffs vs theirs. Maybe the rest of the world should do the same.
Funny how Trump's little hands are now the upper hand in dealing with China...

 

[imawhosure]

Amazing stuff. There are some reports suggesting by 2030, the U.K will no longer be in the same economic class as other Western nations.

Astounding collapse. China is eating everyones lunch and only one global leader is standing up to them and the global socialists.

The caste system fails everywhere it is applied


The latest official statistics on household incomes show dramatic falls, but there is reason to doubt their reliability.

https://ifs.org.uk/articles/new-data-suggest-dramatic-decline-living-standards-it-may-just-be-quality-data-has

• Today, the Department for Work and Pensions released the latest official statistics on UK household incomes (known as Households Below Average Income, or HBAI), covering the financial year 2023–24. These statistics show a substantial fall in incomes across the distribution. Median incomes are estimated to be down 2% on the previous year, and the falls are estimated to be even larger for the bottom 15% of the distribution (below the poverty line). Despite this, the estimated relative poverty rate (giving the proportion with household incomes below 60% of the median) was similar to the previous year, at 21%, as measured incomes close to the poverty line only fell slightly.
• 
  
• However, these statistics – while being the highest-quality data on disposable household incomes we have – are based on a survey of a sample of households (17,000 this year), and survey-based statistics can sometimes diverge from reality. This is always the case, but is a particular risk in the context of lower survey response rates since the pandemic (this year, 31% responded to the survey on which HBAI is based, compared with 49% in 2019–20).

Shocked----------->Basically, Western Europe has become Socialist. What they have discovered is------------>you can NOT fund free healthcare, massive pensions, taking care of people cradle to grave, let alone do that while financing a defense department.

Europe has to either change its Socialist positions, (not going to happen, the people have it to embedded) or Russia, and or China are going to roll them.

I hope I am in error, but personally------------>I do not see how the status quo across Western Civilization can be maintained. In Europe, in America, the people want more, and more, and more, and to get elected, politicians have to give it to them. On the other side, the government tells their people, "screw you," while they invest in weapons to destroy us.

Unless the people on the totalitarians side of the equation have enough and revolt against their masters soon, we are going to lose, Trump........or no Trump!

The only other choice is-----------> A nice peace loving person for China, Russia, North Korea, and Iran take power. What are the odds of that? About the same odds of being struck by lightning, 3 times, in 3 days.

 

[westwall]

Simple kicking Chinese products out of your country will just cause drastically decreased quality of life.


And if you do it - you are falling in abyss.

No it won't. That will bring production back to YOUR country, which will INCREASE your quality of life.