UK Economy Now in Recession

[Captain Caveman]

UK Economy Now in Recession - NIESR

It now looks like the UK economy entered a recession in the second quarter of this year.

niesr.ac.uk

It now looks like the UK economy entered a recession in the second quarter of this year as GDP fell by 0.1 per cent, and we expect output to continue falling over the next three quarters. On the expenditure side, the fall in Q2 was driven by a 0.2 per cent fall in consumption; on the output side, by a 0.4 per cent fall in services, particularly, health and social work. GDP fell by 0.6 per cent in June after a revised rise of 0.4 per cent in May as the Platinum Jubilee celebrations affected the monthly profiles.”

This was one of the many predictions before the election, Labour would cause a recession. We haven't hit the effects of their appalling budget yet, that lands April 2025.

Liz Truss, all is forgiven. Labour, what a complete and utter utter utter disaster.

 

[pknopp]

Nothing wrong with a little recession. Not a big deal.

 

[Manonthestreet]

What they need to do is build more windmills and shut off their remaining traditional power plants

 

[luiza]

Nothing wrong with a little recession. Not a big deal.

The difficulty with so many Americans is that you are never sure whether it is more arrant stupidity or an attempt at humour .

Just in case -- there is never any pleasure for anybody in a recession . And particularly if you are Sheeple class .

 

[pknopp]

The difficulty with so many Americans is that you are never sure whether it is more arrant stupidity or an attempt at humour .

Just in case -- there is never any pleasure for anybody in a recession . And particularly if you are Sheeple class .

How are they harmed?

 

[Captain Caveman]

What they need to do is build more windmills and shut off their remaining traditional power plants

Wasn't market generated, it was Labour generated.

Basic economics. The economy runs along, to keep it on course, governments steer it with fiscal and monetary policies. When it does well, less incentives and higher tax, when not doing so well, more government incentives and less taxation. Labour just went in and said, "**** it". But the planet knows Left Wingers are retarded when it comes to numbers and the economy.

 

[Captain Caveman]

What they need to do is build more windmills and shut off their remaining traditional power plants

Windmills and solar panels are not an issue. The infrastructure to move all this "free" electricity is not there, that's the issue. So to hook up the planned offshore wind farms, it's gonna cost billions upon billions in pylons and wires. So when the electric bills hit the doormats of users, they'll look at this free electric and say, "******* how much??? Ok kids, we're pulling the plug".

 

[Thunk]

Why don't they do what American democrats do and redefine the word "recession"?

 

[Captain Caveman]

Labour to strengthen the economy -

Shoe Zone to close stores as direct result of government budget, retailer says​

High street retailer Shoe Zone has announced it will close stores, in a move it claims is due to the impact of the Autumn budget.
In its latest trading update, the discount footwear company said it had experienced "very challenging" conditions recently, due to weakened consumer confidence and bad weather.
On top of that, it said it would incur "significant additional costs" due to the increases in employer national insurance contributions and the national living wage set out by the chancellor in the budget.

"These additional costs have resulted in the planned closure of a number of stores that have now become unviable," the company said.

 

[DonGlock26]

UK Economy Now in Recession - NIESR

It now looks like the UK economy entered a recession in the second quarter of this year.

niesr.ac.uk

It now looks like the UK economy entered a recession in the second quarter of this year as GDP fell by 0.1 per cent, and we expect output to continue falling over the next three quarters. On the expenditure side, the fall in Q2 was driven by a 0.2 per cent fall in consumption; on the output side, by a 0.4 per cent fall in services, particularly, health and social work. GDP fell by 0.6 per cent in June after a revised rise of 0.4 per cent in May as the Platinum Jubilee celebrations affected the monthly profiles.”

This was one of the many predictions before the election, Labour would cause a recession. We haven't hit the effects of their appalling budget yet, that lands April 2025.

Liz Truss, all is forgiven. Labour, what a complete and utter utter utter disaster.

That didn't take Labour long.

 

[Captain Caveman]

That didn't take Labour long.

They were a predicted disaster, we all knew it was going to be a shit show. What caught everyone out was the sheer speed, it's been unprecedented.

 

[Captain Caveman]

Shit show Labour predicted zero percent growth next 3 months of 2025. Then the NI rates will kick in, so downhill from then on. Steady GDP growth for decades, fucked up by Starmer -

Bank of England holds interest rates at 4.75% but says UK economy stagnating

The Bank’s Monetary Policy Committee said it was keeping rates unchanged on Thursday following a divided vote among policymakers.

www.inverness-courier.co.uk

Who would have thought Labour is shit

Liz Truss, all is forgiven.

Tommy Tainant

 

[Captain Caveman]

How did a key trading period play out under shit Labour -

Boxing Day sales: High Street suffers as shoppers stay home

Boxing Day shoppers stay away from the High Street and shopping malls compared with 2023, data shows.

www.bbc.co.uk

Well, shit of course. Everyone is waiting for things to get a lot worse, the start of many Labour recessions.

 

[sealybobo]

UK Economy Now in Recession - NIESR

It now looks like the UK economy entered a recession in the second quarter of this year.

niesr.ac.uk

It now looks like the UK economy entered a recession in the second quarter of this year as GDP fell by 0.1 per cent, and we expect output to continue falling over the next three quarters. On the expenditure side, the fall in Q2 was driven by a 0.2 per cent fall in consumption; on the output side, by a 0.4 per cent fall in services, particularly, health and social work. GDP fell by 0.6 per cent in June after a revised rise of 0.4 per cent in May as the Platinum Jubilee celebrations affected the monthly profiles.”

This was one of the many predictions before the election, Labour would cause a recession. We haven't hit the effects of their appalling budget yet, that lands April 2025.

Liz Truss, all is forgiven. Labour, what a complete and utter utter utter disaster.

I just head from two neighbors in automotive that say 2025 is going to be a bad year. Whats trump going to do about it?

Remember republicans predicted a recession in 2020,21,22,23,24. One never came. Biden fixed inflation bes anyone could and he had to deal with Covid and Ukraine war. What obstacles are trump going to use as his excuse.

spoiler. They will blame Biden. Lol

 

[Captain Caveman]

I just head from two neighbors in automotive that say 2025 is going to be a bad year. Whats trump going to do about it?

Remember republicans predicted a recession in 2020,21,22,23,24. One never came. Biden fixed inflation bes anyone could and he had to deal with Covid and Ukraine war. What obstacles are trump going to use as his excuse.

spoiler. They will blame Biden. Lol

It's a UK recession thread you prick.

 

[sealybobo]

It's a UK recession thread you prick.

Why pick on them? People in glass houses shouldn’t throw stones.

But keep this in mind. Even our worst states like Mississippi, are doing better than Germans, Canadians and Brits

 

[Captain Caveman]

Why pick on them? People in glass houses shouldn’t throw stones.

But keep this in mind. Even our worst states like Mississippi, are doing better than Germans, Canadians and Brits

Pick on who? The useless shite bags in parliament? Well, I live in Southern Scotland, I was born and bred in England.

Can we not have a thread somewhere that doesn't suffer TDS?

 

[sealybobo]

Pick on who? The useless shite bags in parliament? Well, I live in Southern Scotland, I was born and bred in England.

Can we not have a thread somewhere that doesn't suffer TDS?

Ok, but put two and two together. What’s happening there is happening here. And what happens here affects Scotland. It just happens to you first and worst.

 

[Captain Caveman]

Ok, but put two and two together. What’s happening there is happening here. And what happens here affects Scotland. It just happens to you first and worst.

Labour who are a joke ran on getting the UK economy going. They're gonna get tremendous growth etc.., you know, the usual election crap. So gullibles voted for them and all they did was tax the **** out everything and everyone. So the UK economy has not only stopped, it's going backwards, and the worst is yet to come because more tax kicks in on April 6th.

I wouldn't like to predict GDP, unemployment etc.. after April, but I'm putting my money on bad times. When an economy struggles, spanking the public won't boost it.

Normally what goes on in the US ripples around the planet, this time Oh Dear Kier has said, "Hold my beer". He ain't waiting for you guys.

 

[ShahdagMountains]

It is quite clear that Labour’s manifesto document was a work of fraud. They had no intention saying what they would do because if they did, they knew they wouldn’t get elected. And once elected, they had no intention of doing what they said they’d do because, well, that’s just not Labour. The “no tax increases on working people” preceded an immediate tax increase on working people, which they tried to get out of by fooling us that adding the cost to employer rather than the employee wasn’t effectively the same thing. This ruse only worked with the die-hard Labour faithful. Likewise their farm tax. In 2023 they committed to maintaining agricultural property relief, only to remove it as soon as they had the opportunity. Likewise on energy prices. To get elected they promised energy bills would fall by £300 per year. Since Labour came to power, they have increased by £170 per year.

People have taken one look at the reality of the Labour government and said “Huh? This isn’t what I voted for”. Consequently, Starmer’s popularity tanked so badly that he was forced into a “reset” speech, which he hoped would “relaunch” his government. And guess what? His popularity has just tanked again.

We should really take pity on the Labour Party. They have a set of policies and ideologies that if implemented, are ruinous for the country’s economy, society and international standing. Therefore (unlike the Tories) they can’t tell us what they actually want to do because if they did, they’d be dumped out on their ear and they know it. So they have to spin a tissue of lies. The Tories’ suffered a lot after the last election when the Prime Minister was exposed as a liar. But that was just one individual. It’s as nothing compared with Labour’s problem. Lying to the electorate before the election is hardwired into their payoff matrix. It’s an adaptive characteristic of the Labour Party, an intrinsic part of who they have to be to exist.

Quora.