Celebrating recession avoidance is like having an open top bus for finishing one higher than the team bottom of the league
Didn't the IMF just say we are bottom of the league. I'd have to say of all three PM's, so far this year, Sunak seems the least worst but he has yet to live up to his rhetoric. We had another big statement on boat crossings yet, in the last few days, another daily record has been broken. And Braverman, at the same time, blames bad weather for the massive delays at Dover ... ... while blaming good weather for the huge numbers coming over in overcrowded leaky dinghies. Almost as if she's grasping at straws.
The IMF may have said bottom , I must have stopped listening by then It’s time for a personal news blackout - I usually find that after avoiding it for a few days , my life just continues as usual . !
Three more Tories who's words have been 'taken out of context' and who'll fight to clear their name House of Commons Matt Hancock among three MPs placed under investigation by standards watchdog Separate investigations also launched by standards commissioner into Scott Benton and Henry Smith
Levelling Up Secretary Michael Gove was in the North East where he signed a devolution deal. Council leaders across Tyne and Wear, Northumberland and County Durham met in Gateshead on Friday to sign the £4.2bn agreement. The deal will provide funding over the next 30 years and see devolved powers over skills, transport and housing.
I didnt want them to stay quiet to be honest. Vital we know what our next PM and next govt will be like. Now we know. Voters can judge accordingly. If nothing else it should avoid a big majority for Starmer and co, which is the last thing we need judging by their hypocricy on standards and decency. 12 commitments made when running for leadership, any left?
Just one person to be truthful, either side, would be a start. Problem is their leaders seemingly silence them when they threaten the party line, irrespective of truth.
SNP is hilarious atm, it seems Mrs and Mrs Krankie were lying to everyone most of the time. If you think some posts on here are bitchy, I read some readers comments on some of the Scottish newspapers vitriol is certainly dripping all over.
No doubt about it mate. I think most on here are ok to be honest, some sensible balance. We all have opinions, and politics is the one subject in the pub I want to avoid. On here though I enjoy the difference of views. I tend to think we all want the same - something better than what we have now. Low bar I know, but we do have half a.chance, as voters, to say enough is enough. Might make a modest difference.
The problem with that comparison is that it's not the government paying. I'm sure a private company would be delighted to pay doctors twenty quid an hour.
So Hancock and Kwarteng, who have no visible skillset are far as I can see (if you don't count bullshitting, sending care home residents with Covid back into care homes to further spread the disease and ****ing the economy) think they are worth 75 times as much as someone who has spent 7 years qualifying as a doctor?
To be fair I'm sure one flight did take off ... ... there was no one on board though 'Nearly 45,000 people have arrived in the UK on small boats since the government signed its "world-first" deal to send asylum seekers to Rwanda, new analysis shows. A review of government figures by the Press Association shows that since 1 January, almost 5,000 people have crossed the Channel into the UK, including more than 1,000 in the last week alone. A year ago today, the government - then led by Boris Johnson - announced the deal with the east African nation. But 365 days on, no flights have taken off.'
I remember Jeremy Hunt admitting he'd presided over the worst A&E waiting times for a decade and other NHS problems but claiming things were actually back on track ... ... he's at it again today with the economy. 'Chancellor Jeremy Hunt says Britain's economy is "back", and that his strategy for growth has been welcomed at the IMF. Mr Hunt said the international lending body saw he was "putting the British economy back on the right track". However, the latest figures show the UK economy failed to grow in February. On Wednesday, the IMF said it expected the UK economy to shrink by 0.3% in 2023, which would make it one of the worst performing of the world's major economies.'
A question that is not given enough air time, is did all those years of austerity the tories imposed, causing a huge drop in the real wages of the lower paid really help the economy or make it worse. You may recall it was a banking crisis, not caused by the millions of lower paid in this country which caused the crash in the first place. Self-defeating Austerity The situation where austerity policies – spending cuts and higher taxes fail to reduce budget deficits. This is because spending cuts have a large negative impact on real GDP. Government spending cuts lead to lower aggregate demand and hence lower real GDP. The fall in real GDP causes tax revenues to fall and spending on welfare to increase. Therefore, despite spending cuts, there is no improvement in the budget situation because the spending cuts are outweighed by the increase in recession related borrowing. Austerity and the Multiplier Effect The impact of austerity depends on the multiplier effect. If government spending is cut by £1bn and real GDP falls by £2bn, we say there is a fiscal multiplier of two, and austerity is likely to cause a deeper recession. If government spending falls by £1bn and real GDP only falls £0.5bn, we say there is a fiscal multiplier of 0.5 and the impact of austerity policies is smaller. Austerity Bomb A rapid period of fiscal consolidation causing a sharp fall in real GDP.
