Recession

[OntarioFox]

It's fairly obvious they've been fudging the numbers since the pandemic to delay the inevitable. A few months back we only 'technically' avoided recession because we had a supposed 'flat' growth rate in the second quarter. In truth, there had been a contraction of something like 0.04%, which they were allowed to round up to zero, despite it still representing £100 million + or so wiped from the nation's wealth.

 

 

So the reality is, the economy has been shrinking for 9 months now, but the government has wilfully buried its head in the sand and tried to fool us all into believing it isn't happening until the underlying issues are terminal.

 

The more I think about the current government, the more I notice the parallels between it and us under Rodgers. 

[Tommy G]

Should accelerate interest rate cuts. I'm predicting May rather than Jun/July

[Daggers]

ROFL 

 

 

[Greg2607]

[Greg2607]

24% less GDP now versus the trend up to 2008.....  We never really recovered from the Financial Crisis and then Austerity has stripped out all the potential growth.  It's been a disastrous 15 years or so. 

[Footballwipe]

5 minutes ago, Daggers said:

ROFL 

 

 

Bashing the BBC

Bashing Labour

Royal picture

Delusional headline about Britain

 

Proper full house from the Express there

[Nalis]

36 minutes ago, OntarioFox said:

It's fairly obvious they've been fudging the numbers since the pandemic to delay the inevitable. A few months back we only 'technically' avoided recession because we had a supposed 'flat' growth rate in the second quarter. In truth, there had been a contraction of something like 0.04%, which they were allowed to round up to zero, despite it still representing £100 million + or so wiped from the nation's wealth.

 

 

So the reality is, the economy has been shrinking for 9 months now, but the government has wilfully buried its head in the sand and tried to fool us all into believing it isn't happening until the underlying issues are terminal.

 

The more I think about the current government, the more I notice the parallels between it and us under Rodgers. 

Surprised they didnt throw everything at leaving a total pile of poo for Labour to sort so they could blame Labour for 'putting us in recession' and using it to get people to vote for them next time.

[urban.spaceman]

Going ****ing wonderfully this conservatism lark isn't it?

Millions using food banks because they either can't afford food or the electricity to cook it or both.

A quarter of the population in poverty including millions of children.

Infrastructure is quite literally crumbling above and under us.

Privatised train network not fit for purpose.

Rivers have been turned into open sewers.

200,000 dead because they refused to listen to science.

Out of the EU with fewer rights and everyone's poorer.

 

They've had free reign for 14 years and yet their ideology has never been more exposed as the unworkable hateful pish it's always been.

[Langley]

37 minutes ago, Greg2607 said:

I wonder what shafted everyone in the wolrd in 2008...

 

I don't see how you can have a graph with a post-war trend either starting in 1992.

[Greg2607]

13 minutes ago, Langley said:

I wonder what shafted everyone in the wolrd in 2008...

 

I don't see how you can have a graph with a post-war trend either starting in 1992.

hence why I said we've never really recovered from the Financial Crisis.... 

[Footballwipe]

31 minutes ago, urban.spaceman said:

Going ****ing wonderfully this conservatism lark isn't it?

Millions using food banks because they either can't afford food or the electricity to cook it or both.

A quarter of the population in poverty including millions of children.

Infrastructure is quite literally crumbling above and under us.

Privatised train network not fit for purpose.

Rivers have been turned into open sewers.

200,000 dead because they refused to listen to science.

Out of the EU with fewer rights and everyone's poorer.

 

They've had free reign for 14 years and yet their ideology has never been more exposed as the unworkable hateful pish it's always been.

This is the thing. I accept that lots of people who have profited from the conservatives in power would happily vote for them again.

 

But I cannot comprehend that "normal" people on average incomes who need public services like the NHS will honestly look at the last 14 years and the current state of the country and say "yeah you know what we need, another five years of this."

 

Surely even the most dyed-in-the-wool tory should realise you need to have a spell not in power after so long. Regroup, recuperate, try and be less bloody unhinged and work your way back up. 

[Dr The Singh]

The rich get richer, poor get poorer.....the middle earners get rammed hard.....nothing has changed for the last 15 years....awful

[bovril]

3 hours ago, Hitesh said:

Probably to avoid the press headline when the line goes down, delays and just general failures....

No it was to avoid people paying too much respect to our precious NHS and forgetting to get off the train.

[Greg2607]

7 minutes ago, Footballwipe said:

This is the thing. I accept that lots of people who have profited from the conservatives in power would happily vote for them again.

 

But I cannot comprehend that "normal" people on average incomes who need public services like the NHS will honestly look at the last 14 years and the current state of the country and say "yeah you know what we need, another five years of this."

 

Surely even the most dyed-in-the-wool tory should realise you need to have a spell not in power after so long. Regroup, recuperate, try and be less bloody unhinged and work your way back up. 

over 75% of the last 100 years have seen a Conservative government...... the country today is almost a direct consequence of their decisions and design.... with a smattering of socialist reform ever now and then when things get REALLY dark! 

[FoxyPV]

1 hour ago, Langley said:

I wonder what shafted everyone in the wolrd in 2008...

 

I don't see how you can have a graph with a post-war trend either starting in 1992.

The banking sector fkd us all by selling off debt and giving away mortgages like sweets.

 

There's another on the horizon in the US as they started giving out loans again to people with zero capital or ability to pay

[whoareyaaa]

living crisis, recession, covid, lockdown, wars

 

I'm no conspiracy lunatic but this is a conspiracy.

 

All leads back to the US.

[Legend_in_blue]

Stick to the plan.  Labour don't have one.  Unfortunately for many, this is the truth.

 

 

Time's up Rishi.  Back to square one please.  Close the door on the way out.

[Sly]

Comes back to the point though. 
 

I speak with so many people who have previously voted conservative and are unsure what to do. We won’t vote labour though. 

[HighPeakFox]

It quite amazes me that the most right wing government of my lifetime can be accused of (in so many words) being too left wing.

[ozleicester]

cRaptialism

[davieG]

14 hours ago, Dr The Singh said:

The rich get richer, poor get poorer.....the middle earners get rammed hard.....nothing has changed in working life time....awful

 

[ozleicester]

 

45 minutes ago, davieG said:

 

 

Since the 70s.... when Thatcher and her crooks screwed everyone but the wealthy

 

 

 

 

https://www.economicshelp.org/blog/182967/economics/inequality-in-the-uk/

[Sly]

12 hours ago, David Oldfields Gate said:

*deleted post*

Is it though? 
 

Joking aside, the world has changed. 
 

Gross take will be higher due to inflation, however as a % it won’t be. Wage inflation has caused fiscal drag, as we’ve got more people than ever, and also more people in the higher tax bracket.
 

Overall though, we’re rebounding from an event that was as  catastrophic to the world economies as a war. We haven’t taxed as heavily as the post war rebuild surely? 
 

The borrowing thing is interesting. “Keeping up with the Jones”, 30 years ago, meant a new Ford Focus and maybe at a push some new UPVC windows and a 30” CRT” TV. 
 

Now you have everyone flexing with not just cars, it houses, TVs, boats, planes, phones, teeth, spending money at Salt Baes restaurant buying golden steaks etc. Even the 10 year old requires a phone etc to fit in! It’s ridiculous and social media is largely to blame, as it has driven this. This has surely pushed the cost of borrowing through the roof and disposable income is now being squeezed. 
 

Immigration as a % of world population will be the true figure to look at. Overall numbers are bound to be higher and the media love to splash out this without context.
 

However, we aren’t exactly the biggest island in the world, so the Rwanda thing whilst it’s ridiculous on paper, the concept isn’t that stupid when you consider the person per square mile. It would not have been as controversial in my opinion, if we were deporting everyone to a more modernised country such as Australia etc

 

The drag from social payments, 

 

Long and short of my ramble though, this has been teetering for a while. I don’t think any party, be it Conservative, Labour, Lib Dem etc could have navigated through uncharted waters with great success. You could argue in hindsight that some of the stupid stuff that has been done could have been avoided. The furlough funding was at its heart, maybe too kind and we’ll be paying back that bill for generations. 
 

However, Baz Luhrman said all of this in 1997 and if you reflect on this now, most of this was right then and it’s right now.

 

 

[Dr The Singh]

56 minutes ago, ozleicester said:

 

 

Since the 70s.... when Thatcher and her crooks screwed everyone but the wealthy

 

 

 

 

https://www.economicshelp.org/blog/182967/economics/inequality-in-the-uk/

bastards 

[Greg2607]

4 hours ago, Sly said:

Is it though? 
 

Joking aside, the world has changed. 
 

Gross take will be higher due to inflation, however as a % it won’t be. Wage inflation has caused fiscal drag, as we’ve got more people than ever, and also more people in the higher tax bracket.
 

Overall though, we’re rebounding from an event that was as  catastrophic to the world economies as a war. We haven’t taxed as heavily as the post war rebuild surely? 
 

The borrowing thing is interesting. “Keeping up with the Jones”, 30 years ago, meant a new Ford Focus and maybe at a push some new UPVC windows and a 30” CRT” TV. 
 

Now you have everyone flexing with not just cars, it houses, TVs, boats, planes, phones, teeth, spending money at Salt Baes restaurant buying golden steaks etc. Even the 10 year old requires a phone etc to fit in! It’s ridiculous and social media is largely to blame, as it has driven this. This has surely pushed the cost of borrowing through the roof and disposable income is now being squeezed. 
 

Immigration as a % of world population will be the true figure to look at. Overall numbers are bound to be higher and the media love to splash out this without context.
 

However, we aren’t exactly the biggest island in the world, so the Rwanda thing whilst it’s ridiculous on paper, the concept isn’t that stupid when you consider the person per square mile. It would not have been as controversial in my opinion, if we were deporting everyone to a more modernised country such as Australia etc

 

The drag from social payments, 

 

Long and short of my ramble though, this has been teetering for a while. I don’t think any party, be it Conservative, Labour, Lib Dem etc could have navigated through uncharted waters with great success. You could argue in hindsight that some of the stupid stuff that has been done could have been avoided. The furlough funding was at its heart, maybe too kind and we’ll be paying back that bill for generations. 
 

However, Baz Luhrman said all of this in 1997 and if you reflect on this now, most of this was right then and it’s right now.

 

 

I'm relatively confident that not everyone is "flexing it" with Turkey Teeth, boats, Planes and Yachts.   

 

The average person in the UK is struggling to put food on the table. There are large swathes of people who are having to use food banks.  They aren't thinking about a new car or eating at a posh restaurant.  This is the life that "influencers" want you to see, but it isn't the vast majority of society. 

 

There is so much unseen poverty in the UK.  we all turn a blind eye to it, because we don't generally move in those circles.