The Economy

[A Quiet Monkfish]

Re: The Economy

It's failing isn't it? With tax and interest rates going up and government spending going down, how does Securonomics (Bidenonmics without the money) work to grow the economy?

'The Elephant in the Room', 'Kicking the Can Down the Road'. etc, etc. Not sure what percentage of the population really grasp what is happening here in the UK and the Western world as a whole. Suffice to say it's all unravelling, probably quicker than expected..

[Wales-Bales]

Re: The Economy

'The Elephant in the Room', 'Kicking the Can Down the Road'. etc, etc. Not sure what percentage of the population really grasp what is happening here in the UK and the Western world as a whole. Suffice to say it's all unravelling, probably quicker than expected..

Is it ineptitude or malfeasance?

[Heathblue]

Re: The Economy

Is it ineptitude or malfeasance?

Will the current incumbent suffer the same fate as the lettuce ? I see she have been given full support by 2 tier, is this the managers FO tablet, I just need to get my next WHO stooge in place 1st!!!

[Rjk]

Re: The Economy

Is it ineptitude or malfeasance?

do you expect 15 years of Tory mismanagement of the economy to be undone in a few months? the current government have very little room for manoeuvre, with taxes already high, inflation too high and public services on their knees, it's clearly going to take some time to address.
perhaps rejoining the EU would be a big enough boost to the economy to get it motoring again

[JamesWales]

Re: The Economy

do you expect 15 years of Tory mismanagement of the economy to be undone in a few months? the current government have very little room for manoeuvre, with taxes already high, inflation too high and public services on their knees, it's clearly going to take some time to address.
perhaps rejoining the EU would be a big enough boost to the economy to get it motoring again

The worst years for economic performance were the two before the Tories came in. Caused not by Labour but by the global financial crisis. This idea of "15 tears of Tory rule" is bollocks. It doesn't work like that. Further to that we know that many many countries have had a very poor period since 2008 so clearly the causes and issues are NOT internal to the UK or isolated to us.

As for your solution, the EU has been typically growing slower, so it's a bit like saying we are driving too slow and suggesting applying the breaks to go a bit faster.

The govts in charge are responsible for trying to improve the economy but it doesn't mean they are always the cause of the issues. Just saying they are misdiagnoses the problem and misdiagnosed problems do not ever get solved!

[Wales-Bales]

Re: The Economy

do you expect 15 years of Tory mismanagement of the economy to be undone in a few months? the current government have very little room for manoeuvre, with taxes already high, inflation too high and public services on their knees, it's clearly going to take some time to address.
perhaps rejoining the EU would be a big enough boost to the economy to get it motoring again

Securonomics is the official costed economic policy of the UK government and the money markets told us where to go.

PS I don't think joining the EU would help as they are hardly doing any better.

[Wales-Bales]

Re: The Economy

The worst years for economic performance were the two before the Tories came in. Caused not by Labour but by the global financial crisis. This idea of "15 tears of Tory rule" is bollocks. It doesn't work like that. Further to that we know that many many countries have had a very poor period since 2008 so clearly the causes and issues are NOT internal to the UK or isolated to us.

As for your solution, the EU has been typically growing slower, so it's a bit like saying we are driving too slow and suggesting applying the breaks to go a bit faster.

The govts in charge are responsible for trying to improve the economy but it doesn't mean they are always the cause of the issues. Just saying they are misdiagnoses the problem and misdiagnosed problems do not ever get solved!

He did want to see the entire country driving around at 10mph

[Eric Cartman]

Re: The Economy

As for your solution, the EU has been typically growing slower, so it's a bit like saying we are driving too slow and suggesting applying the breaks to go a bit faster.

That just doesn't make sense, it isn't a zero sum game. Us leaving the EU was bad for the UK and bad for the EU, us rejoining or realigning more closely would be good for the UK and good for the EU.

[North Cardiff Blue]

Re: The Economy

It's failing isn't it? With tax and interest rates going up and government spending going down, how does Securonomics (Bidenonmics without the money) work to grow the economy?

Kwasi Kwarteng two, will she get the push, or will Liz Truss two get it?

Useless the pair of em.

[North Cardiff Blue]

Re: The Economy

do you expect 15 years of Tory mismanagement of the economy to be undone in a few months? the current government have very little room for manoeuvre, with taxes already high, inflation too high and public services on their knees, it's clearly going to take some time to address.
perhaps rejoining the EU would be a big enough boost to the economy to get it motoring again

They are fakin everything up, no Brexit, no covid, just plain stupid 10-year-old's economic knowledge, let's tax businesses more and increase their costs through national insurance rises and national wage rises, oh why is inflation going up and GDP going down?

Wales are in a ten times worse mess mind, as further down the road.

[A Quiet Monkfish]

Re: The Economy

Is it ineptitude or malfeasance?

Personally I think it's a combination of totally useless and negligent 'western' government for the last 20 or so years along with the slow but inexorable growth of debt, general laziness and apathy, changing demographics as populations are aging, getting more sick, and an almost total cessation of crime prevention/detection. I don't think it's exclusive to the UK or any party. Government[s] - unless they're clever and intuitive which they aren't - have 2 options - cut spending and/or raise taxes, they'll end up having to do both, again and gain. Just to be able to pay the interest on debt. The Tories gave up, Labour will sooner than later..

[the other bob wilson]

Re: The Economy

They are fakin everything up, no Brexit, no covid, just plain stupid 10-year-old's economic knowledge, let's tax businesses more and increase their costs through national insurance rises and national wage rises, oh why is inflation going up and GDP going down?

Wales are in a ten times worse mess mind, as further down the road.

Inflation has just gone down and GDP up haven’t they? Albeit by tiny amounts.

[Wales-Bales]

Re: The Economy

Personally I think it's a combination of totally useless and negligent 'western' government for the last 20 or so years along with the slow but inexorable growth of debt, general laziness and apathy, changing demographics as populations are aging, getting more sick, and an almost total cessation of crime prevention/detection. I don't think it's exclusive to the UK or any party. Government[s] - unless they're clever and intuitive which they aren't - have 2 options - cut spending and/or raise taxes, they'll end up having to do both, again and gain. Just to be able to pay the interest on debt. The Tories gave up, Labour will sooner than later..

It's the WEF who are pushing the western nations into decline. Let's see if the Trump economic policies buck the trend as that would make an interesting case study.

[Wales-Bales]

Re: The Economy

Inflation has just gone down and GDP up haven’t they? Albeit by tiny amounts.

Got a link to that data?

[the other bob wilson]

Re: The Economy

Got a link to that data?

https://news.sky.com/story/inflation-falls-slightly-after-two-months-of-rises-13289215

https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/november2024