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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?
Moat of Europe is doing very poorly and we were doing better, but not spectacularly.
That's now changed a bit. I'm not sure there is any measurement better now than before the election is there?
I just hope they are getting the bad news out the way early. I think they've put a hammer to growth though which makes everything harder.
Now there's talk of the IMF getting involved.
We will know we are in trouble when the ICF gets involved.
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!
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.