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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 economyOriginally Posted by fugsyphil
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!
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.
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
Yes you're right - as you know Food banks were introduced in the UK in 1997 - Tony Blair was the PM in 97
Over to a more socialist country like France, food banks were started in 1984.
UK and France approx same population figure 60-65 million
France throughput 4 times the amount as UK foodbanks - is that the Tories fault as well posh boy ?
Of course….some dumbphucks still actually believe a change of tie colour will make a difference in this country….god help them. Look at the mess Blair left behind here and we won’t mention the Middle East, ruined since 2002…..Yes you're right - as you know Food banks were introduced in the UK in 1997 - Tony Blair was the PM in 97
Over to a more socialist country like France, food banks were started in 1984.
UK and France approx same population figure 60-65 million
France throughput 4 times the amount as UK foodbanks - is that the Tories fault as well posh boy ?
Economies currently in recession
Denmark
Estonia
Finland
Japan
Luxembourg
Moldova
Peru
Ireland
United Kingdom
Germany’s close too, if they can’t see an upturn then the rest of us are doomed…..
Germany's economy is "dramatically bad," and "we cannot continue like this," said the Economy Minister and Green Party member Robert Habeck speaking this week
Trump warmed Germany about the risks of being reliant on cheap Russian energy.
German dignitaries laughed at him.
Biden’s administration then destroyed Nord Stream to “punish Russia”.
And here we are.
#PrayForBlockchain
Yes but in most countries they haven't suffered from austerity for 14 years in addition to brexit and actually investing in infrustructure/people so we suffer more than most.
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?
Norman LamontWhat?
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.
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 😂
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
European Nationalists ........think the blackshirtsThat 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.
I just like facts Sludge.
If you say Manchester United play at Anfield, and I say they play at Old Trafford, that doesn't make me a Man United fan.
You don't solve problems by making up the cause of them. In reality, the opposite is true.
It’s all a bit confusing isn’t it. In January 2023 Sunak made five pledges that he said we could blame him about if they were not achieved. Around this time last year, it was being said that one of the pledges was a dead cert - inflation was going to half because the rises in energy prices in autumn 2022 were going to go out of the equation thereby bringing in the fall of inflation Sunak wanted. The PM has been crowing about having halved inflation for the last few months, so he, obviously, wanted that one of his pledges to be taken seriously, yet when another of his pledges goes completely wrong as the economy officially shrinks rather than grows, the familiar faces are on here saying it’s not that important, plenty of countries are in recession, yet the PM they rush to defend said himself that he should carry the can if the economy wasn’t growing.
How many of his 5 pledges has he met?
Just halving inflation isn't it,although claiming that as his own when he blames the initial increases on outside factors is a bit of a stretch.
Reducing boat crossings possibly, although it has been shown that bad weather was a factor, despite James Cleverly's claims it didn't.
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