UK economy shrank by 0.1% in January
https://www.bbc.co.uk/news/articles/cly3mdlk70no
Posted by sjw_7
UK economy shrank by 0.1% in January
https://www.bbc.co.uk/news/articles/cly3mdlk70no
Posted by sjw_7
28 Comments
The Tories are going to pounce on this like flies to shit, but they are as complicit as the incumbent lot. Taxes are stupidly high so what’s the point in investing/growing business?
ah, its our weekly article on how the economy is either REALLY GOOD IN BOON TO REEVES or REALLY TERRIBLE IN BLOW TO REEVES.
In reality it’s just fannying about a fraction of a percentage point in either direction and is just a bit shit regardless of if that point is just about positive or just about negative.
Yikes this is REALLY BAD news especially with Xmas as well included.
Rachel from complaints has blown it. Wait till April’s horrendous taxes kick in…its recession time folks all thanks to her disastrous budget that’s hammered growth.
When student ideology meets market reality.
why even bother to report on these miniscule fluctuations?
+/- 0.1% makes zero noticeable difference to a single one us
When it went up by 0.1% I said the same: this is effectively nothing, but that should be seen as a disaster. We are importing people at a rate of 75,000 a month, and our economy is flatlining. GDP per capita will be shrinking, for absolutely no gain to real British citizens.
You can’t have infinite growth on a finite planet. GDP doesn’t measure our wellbeing, or the health of the ecosystem we are part of. Time for a new model.
Ooooooo economic stagnation is fun.
Just imagine it if a government understood what was happening and actually did something about it instead of more of the same! There’ll be no growth the entire time labour are in government!
I thought saying “growth” over and over again might have resulted in some growth.
The UK’s economy has been stagnant since 2008.
Wages have hardly moved (apart from minimum wage and when adjusted for inflation it’s not even that much ).
I saw an article in the newspaper from 1995 where a teacher was on £30,000! back then , it was a private school but it still doesn’t matter. That was 30 years ago ! Now compare that to a teachers salary today (£36,000 pay scale 6 outside London, £30k starting) ,make that make sense.
Noooo no my economino, not my growtheroo, don’t these peasants know austerity is the way to prosperity? We must cut MORE, or we shall never have a balanced budget!
“UK economy shrank unexpectedly in January”
These articles really need to cite where this expectation of growth actually came from. It is the BBC so one can’t ‘expect’ much, but still…
Isn’t that what people want? I mean that’s what reducing immigration does
hahahahaha. Reeves is abysmal! Can’t even do her job correctly, this is going to be a long painful 4 years.
Everything people predicated after Rachel Reeves disastrous budget has come to pass. Her policies were anti growth and she refused to change course. She inherited the fastest growing economy in the G7. Of course they released the news about NHS England yesterday to try and deflect from this and today she’s laughably blaming ‘world events’. This was entirely predictable. Wait until NI taxes kick in and those figures are released.
We are in recession.
I dont really need to understand economics to know that any statistic will just mean higher house prices and inflation outpacing pay… It’s always the same. The economy could grow by 100%, but the benefits would not be seen.
Cheap houses were a once-in-a-century thing, not the norm. Same with good pensions. We will reverse to pre-1950s style socioeconomic family units soon, multigenerarional mortgages and life expectancy at 74
Ah, if only Rachel from accounts with her bogus CV had a clue
Question – is this year on year growth or month-on-month? Not clear in the release?
Next month the figures will be revised and actually find growth of 0.1% instead
This is continuing the trend we’ve seen for years of the economy being effectively stagnant, which is still very much not a good thing
The Conservatives + Reform will be all over how this is a disaster. Although were also saying how irrelevant 0.1% growth was not so long ago….
economy SHRANK after CHRISTMAS by the lowest fraction that is able to be printed and make sense to the 8 year old reading Comprehension the tabloids follow.
I’m sure it had nothing to do with global politics right now and it’s 100% the fault of the current government.
Every month seems to see the economy ‘surprisingly’ shrink by a small amount, only for it then ‘surprisingly’ grow a few months later. It is only ever by less than 0.5% either way too. The reality is that the economy is stagnant and reporting such minor growth or decline is almost pointless these days. Wake us up when something significant happens.
But I was told the millions of people we’d imported over the last few years were going to be a major boost for the economy?
I thought all that immigration would’ve done wonders for our economy?
Rachael from accounts wants to grow the economy by increasing taxes, great plan!
*Hits import 10 billion low skilled workers button*
Solid days work lets called it a day
Reeves disastrous budget along with Rayners workers rights bill, rather than ‘Kick start the economy” has kicked economic growth into the ditch.
GDP per capita is shrinking rapidly, industry collapsing, record high taxes….sooner or later we’re heading to a sovereign debt crisis. We’ve reached the point where standards of living is worse than Slovenia.
Recession 2025 is nailed on.