I bet you somehow the telegraph will completely miss this. Anyway more Rachel from accounts memes.
bigmustard69 on
Ah yes growth. The only thing that matters in the entire world.
Rusty_Fiat on
Ok, great. And what about GDP per capita?
Saying the economy has grown – great!
But there are loads of people paying into a broken system, which is skewing the numbers to make it look like we’re doing well, when in actual fact, the average person isn’t.
Lietuvaitiss on
0,3% growth 😀
I wonder how the economic growth would look like without financial speculations, which dont contribute to the ordinary people anyway.
Nipplecunt on
That’s like outpacing a 79 yr old idiot who just shot himself in the bonespurs
FlyWayOrDaHighway on
Great start.
Add in
* Land Value Tax levied on the undeveloped land’s value to start to fix the wealth inequality and housing crisis.
* Higher banding numbers for tax to combat fiscal drag, which is a stealth tax making us poorer.
* Slightly higher tax rates at these increased bands to plug the deficits and align us better with European countries who have functioning welfare states.
* Abolishment of the triple lock for state pensions.
* Push for the digitisation and modernisation of NHS services (on much more fundamental principles than AI) to increase efficiency of the service and make the workers’ lives easer and more focused on the actual care.
* Nationalisation of water and energy companies (although water is much more urgent due to astronomically high corruption)
and boom, you’ve got yourself a functioning society.
Power to the people
Segagaga_ on
The economy might be growing, but since the Covid pandemic stsrted in 2019, 99% of all new growth has gone to the top 5% wealthiest citizens, while the rest suffer declining savings and pensions due to inflation.
Kwinza on
Ahh yes the monthly data report proving that all the headlines from the dailyxxxxx and the torygraph over the last month have been completely made up.
I look forward to next months report doing the same.
(This has happened every month since Starmer took office)
YoshiiBoii on
The average British Redditor will tell you the UK is a failed state and were a 3rd world shithole. Might aswell move to Zimbabwe and live in a mud hut, mining lithium for a better quality of life.
EcstaticRecord3943 on
What matters is who is benefiting from this economic growth. I bet it’s only the extremely wealthy who are benefiting.
Lower-Main2538 on
Well… Who cares because working people aren’t seeing the money. It’s all going to billionaires profits.
Couldn’t give a f until my pay is increased back to where it should be which is 18% higher as it was in 2010.
Borgmeister on
Queue the Jackson 5: Can you feel it?
Because many can’t.
Dapper_Otters on
I can feel the disappointment in the tabloids from here.
Overall positive news though. GDP and GDP per capita both up.
Prownilo on
Growth dont mean Jack shit to me if it all goes to the already rich.
Average person is poorer and struggling, all that growth and productivity it just feeding into the rich.
ThaGooch84 on
It can grow all it likes.. 14th on the list, gdp per capita 2010. Today we are 26th and will continue to fall. Remove the rich and we are a very poor country which is why we cant have them leave, they have us by the balls because if they stay they’ll bleed us dry do either way we are fcuked
eeeking on
*What a devastating blow to Chancellor Rachel Reeves!*
~~The Daily Heil
MCMLIXXIX on
Imagine what we’d be capable of if we hadn’t hobbled ourselves leaving the eu
Okano666 on
ever notice the only place you can comment on anything is reddit/Youtube which is heavily policed.
Na me neither.
TheRealCostaS on
Out pacing a trump run economy isn’t anything to brag about though
CaligulaCan on
Tariff-ic!
That’s going to wind everyone up on both sides of the aisle!
Own-Nefariousness-79 on
Yeah, well, trump is tanking the US economy, so that’s no great achievement
And we were tanked by that lunatic Kwarteng.
just4nothing on
Growing the economy is usually a good thing, keep it up. We should also make it commonplace to show the inequality as a second measure – if it is going down as the economy grows -> everyone is better off
prawntortilla on
Isnt this kind of thing just sort of meaningless? it doesnt take into account a million other factors like I read the other day apparently the government borrowing for 2024-2025 was was estimated to be 80bil, but it turned out to be 148 bil, and 105 billion of that borrowing was just to pay debt interest. Not to pay off debt but literally just the interest on the debt. That sounds like a pretty cooked economy to me.
Anonymous_user_2022 on
UK dug a deep hole for itself, so crawling out of it is obviously a longer trek.
Diligent_Craft_1165 on
The EU is failing, and Trump is fucking up the US.
No figures from Japan yet though.
Low_Map4314 on
Because of govt spending. That’s actually not a good thing .. believe it or not. It crowds out the private sector and the private sector is what you need growing and fast for a sustainable recovery and strong economy.
monkeycheese7 on
Growth by importing cheap labor and having 1million new Deliveroo drivers – great! Growth does not equal growth
Sea_Investment_4938 on
Tedious see-saw of good and bad economic news. Truth is we’re pretty much tied to how the world economy is doing – just like any other developed nation.
Necessary-Product361 on
I swear one day there is a headline saying the UK economy is doing terrible and then the other day there is a headline saying it is doing great.
TheAwesomeMan123 on
This is good news but using the US as a baseline is not really applicable right now. It’s like saying you are winning a a race against a car going in reverse.
thisismyuaernamr on
What sectors are growing? Construction still seems weak. London finance the big hitter as per?
Chopperpad99 on
To grow 0.4 of a percent GDP in this economic climate is far more sustainable than hoping for huge gains.
32 Comments
I bet you somehow the telegraph will completely miss this. Anyway more Rachel from accounts memes.
Ah yes growth. The only thing that matters in the entire world.
Ok, great. And what about GDP per capita?
Saying the economy has grown – great!
But there are loads of people paying into a broken system, which is skewing the numbers to make it look like we’re doing well, when in actual fact, the average person isn’t.
0,3% growth 😀
I wonder how the economic growth would look like without financial speculations, which dont contribute to the ordinary people anyway.
That’s like outpacing a 79 yr old idiot who just shot himself in the bonespurs
Great start.
Add in
* Land Value Tax levied on the undeveloped land’s value to start to fix the wealth inequality and housing crisis.
* Higher banding numbers for tax to combat fiscal drag, which is a stealth tax making us poorer.
* Slightly higher tax rates at these increased bands to plug the deficits and align us better with European countries who have functioning welfare states.
* Abolishment of the triple lock for state pensions.
* Push for the digitisation and modernisation of NHS services (on much more fundamental principles than AI) to increase efficiency of the service and make the workers’ lives easer and more focused on the actual care.
* Nationalisation of water and energy companies (although water is much more urgent due to astronomically high corruption)
and boom, you’ve got yourself a functioning society.
Power to the people
The economy might be growing, but since the Covid pandemic stsrted in 2019, 99% of all new growth has gone to the top 5% wealthiest citizens, while the rest suffer declining savings and pensions due to inflation.
Ahh yes the monthly data report proving that all the headlines from the dailyxxxxx and the torygraph over the last month have been completely made up.
I look forward to next months report doing the same.
(This has happened every month since Starmer took office)
The average British Redditor will tell you the UK is a failed state and were a 3rd world shithole. Might aswell move to Zimbabwe and live in a mud hut, mining lithium for a better quality of life.
What matters is who is benefiting from this economic growth. I bet it’s only the extremely wealthy who are benefiting.
Well… Who cares because working people aren’t seeing the money. It’s all going to billionaires profits.
Couldn’t give a f until my pay is increased back to where it should be which is 18% higher as it was in 2010.
Queue the Jackson 5: Can you feel it?
Because many can’t.
I can feel the disappointment in the tabloids from here.
Overall positive news though. GDP and GDP per capita both up.
Growth dont mean Jack shit to me if it all goes to the already rich.
Average person is poorer and struggling, all that growth and productivity it just feeding into the rich.
It can grow all it likes.. 14th on the list, gdp per capita 2010. Today we are 26th and will continue to fall. Remove the rich and we are a very poor country which is why we cant have them leave, they have us by the balls because if they stay they’ll bleed us dry do either way we are fcuked
*What a devastating blow to Chancellor Rachel Reeves!*
~~The Daily Heil
Imagine what we’d be capable of if we hadn’t hobbled ourselves leaving the eu
ever notice the only place you can comment on anything is reddit/Youtube which is heavily policed.
Na me neither.
Out pacing a trump run economy isn’t anything to brag about though
Tariff-ic!
That’s going to wind everyone up on both sides of the aisle!
Yeah, well, trump is tanking the US economy, so that’s no great achievement
And we were tanked by that lunatic Kwarteng.
Growing the economy is usually a good thing, keep it up. We should also make it commonplace to show the inequality as a second measure – if it is going down as the economy grows -> everyone is better off
Isnt this kind of thing just sort of meaningless? it doesnt take into account a million other factors like I read the other day apparently the government borrowing for 2024-2025 was was estimated to be 80bil, but it turned out to be 148 bil, and 105 billion of that borrowing was just to pay debt interest. Not to pay off debt but literally just the interest on the debt. That sounds like a pretty cooked economy to me.
UK dug a deep hole for itself, so crawling out of it is obviously a longer trek.
The EU is failing, and Trump is fucking up the US.
No figures from Japan yet though.
Because of govt spending. That’s actually not a good thing .. believe it or not. It crowds out the private sector and the private sector is what you need growing and fast for a sustainable recovery and strong economy.
Growth by importing cheap labor and having 1million new Deliveroo drivers – great! Growth does not equal growth
Tedious see-saw of good and bad economic news. Truth is we’re pretty much tied to how the world economy is doing – just like any other developed nation.
I swear one day there is a headline saying the UK economy is doing terrible and then the other day there is a headline saying it is doing great.
This is good news but using the US as a baseline is not really applicable right now. It’s like saying you are winning a a race against a car going in reverse.
What sectors are growing? Construction still seems weak. London finance the big hitter as per?
To grow 0.4 of a percent GDP in this economic climate is far more sustainable than hoping for huge gains.