In recession.

[the other bob wilson]

https://www.bbc.co.uk/news/live/business-68297420

[fugsyphil]

Re: In recession.

Excuse my economic ignorance but why is staying the same seen as bad? Why does everything have to continually grow??

[SLUDGE FACTORY]

Re: In recession.

Excuse my economic ignorance but why is staying the same seen as bad? Why does everything have to continually grow??

Because the conservatives said they would grow the economy

[JamesWales]

Re: In recession.

Excuse my economic ignorance but why is staying the same seen as bad? Why does everything have to continually grow??

In truth, you don't. Just like if a businesses turnover was £1m and the next year it was £999,000 its hardly bad news. The pursuit of endless growth is unrealistic, just as the formal definition of a recession is rather arbitrary and short term.

However, it is a really important measure because it makes all other economic aspirations more difficult to achieve.

It's bad as well as it's a 0.3% deduction, which is unlikely to be graded up.

Several other countries in recession too

[jon1959]

Re: In recession.

Because the conservatives said they would grow the economy

Sunak's 5 Promises from January 2023 - where he got all Rasta (I and I):

"I fully expect you to hold my government and I to account on delivering those goals,"

He has failed dismally on four of them (growing the economy, getting NHS waiting lists down, stopping the small boats and reducing government debt) and crowed about the one that had virtually nothing to do with him (halving inflation).

Whatever the economic significance, it is a political prat fall by the Tories!

[NinianOpinion1927]

Re: In recession.

Sunak's 5 Promises from January 2023 - where he got all Rasta (I and I):

"I fully expect you to hold my government and I to account on delivering those goals,"

He has failed dismally on four of them (growing the economy, getting NHS waiting lists down, stopping the small boats and reducing government debt) and crowed about the one that had virtually nothing to do with him (halving inflation).

Whatever the economic significance, it is a political prat fall by the Tories!

Norman Lamont on radio today, claimed that the public sector had far lower productivity when measured against the private sector. Especially since the pandemic. Something for you to chew on instead of bashing European nationalists.

[Gofer Blue]

Re: In recession.

In truth, you don't. Just like if a businesses turnover was £1m and the next year it was £999,000 its hardly bad news. The pursuit of endless growth is unrealistic, just as the formal definition of a recession is rather arbitrary and short term.

However, it is a really important measure because it makes all other economic aspirations more difficult to achieve.

It's bad as well as it's a 0.3% deduction, which is unlikely to be graded up.

Several other countries in recession too

Exactly. The BBC especially love to dramatise such non-events. The acid test is always how the FTSE 100 and especially the FTSE 250 react to such news - both have seen modest gains today. If there was a real issue then you would have seen an immediate panicky knee-jerk sell off of £millions worth of stocks and shares.

[jon1959]

Re: In recession.

Norman Lamont on radio today, claimed that the public sector had far lower productivity when measured against the private sector. Especially since the pandemic. Something for you to chew on instead of bashing European nationalists.

What?

[SLUDGE FACTORY]

Re: In recession.

Exactly. The BBC especially love to dramatise such non-events. The acid test is always how the FTSE 100 and especially the FTSE 250 react to such news - both have seen modest gains today. If there was a real issue then you would have seen an immediate panicky knee-jerk sell off of £millions worth of stocks and shares.

I had high hopes that your Christian, caring side would realise what a bunch of tossers the Tories are but you remain one of those strange people that walk into a food bank to contribute but seem blind to the fact voting tory is the reason they are there

[SLUDGE FACTORY]

Re: In recession.

What?

Norman Lamont

Black Wednesday etc etc

[MOZZER2]

Re: In recession.

In truth, you don't. Just like if a businesses turnover was £1m and the next year it was £999,000 its hardly bad news. The pursuit of endless growth is unrealistic, just as the formal definition of a recession is rather arbitrary and short term.

However, it is a really important measure because it makes all other economic aspirations more difficult to achieve.

It's bad as well as it's a 0.3% deduction, which is unlikely to be graded up.

Several other countries in recession too

Economies currently in recession

Denmark
Estonia
Finland
Japan
Luxembourg
Moldova
Peru
Ireland
United Kingdom

[JamesWales]

Re: In recession.

I had high hopes that your Christian, caring side would realise what a bunch of tossers the Tories are but you remain one of those strange people that walk into a food bank to contribute but seem blind to the fact voting tory is the reason they are there

I never realised food banks only existed in the UK?

Oh wait, they don't. It's just another thing you can ignore the real cause of to make a cheap party political point on the internet about, whilst simultaneously making the solution to the problem you profess to care about no closer to being resolved.

👍

[SLUDGE FACTORY]

Re: In recession.

I never realised food banks only existed in the UK?

Oh wait, they don't. It's just another thing you can ignore the real cause of to make a cheap party political point on the internet about, whilst simultaneously making the solution to the problem you profess to care about no closer to being resolved.

👍

This oh I am not a tory claim you made and often make is complete nonsense as this thread clearly shows

You just can't help yourself , sticking up for them relentlessly

But you are not a tory ........yeah OK if you say so 😂

[jon1959]

Re: In recession.

Norman Lamont

Black Wednesday etc etc

That doesn't help, Sludge.

In response to a post on Sunak missing 4 of his 5 'judge me and my party' pledges, the poster now known as NinianOpinion1927 came back with Norman Lamont on lower public sector than private sector productivity (idle nurses and care workers?), and accused me of somehow 'bashing European nationalists'!

It was a 'Wibble' moment!

Total gobbledegook!

Although I suppose when it comes to a discussion about economic competence and public reaction to the lack of it, bringing Lamont in does add something. Even if that is by going off on the biggest and least relevant tangent possible.

Anyway, Black Wednesday.

[SLUDGE FACTORY]

Re: In recession.

Economies currently in recession

Denmark
Estonia
Finland
Japan
Luxembourg
Moldova
Peru
Ireland
United Kingdom

Not interested in those countries

The conservatives told us last year that they would sort things out

Not .......we will sort things out BUT not if other countries are also in recession

I hope you are not stupid enough to fall for these fall promises