Angela from Housing

It;'s that he put in stupidly restrictive rules for genuinely self employed and freelancers with no obvious logic nor reason, but allowed grants and loans to fraudsters without any checks and balances at all. Then more of a travesty was not acknowledging his mistakes, lying in Parliament about it, and not changing his stupidly onerous rules when it was clear that they were unfair and damaging. There were people buying "off the shelf" and second hand limited companies from Ebay, claiming they were genuine businesses with no evidence at all, getting grants and loans which they never had any intention of paying back. Whereas a genuine business that fell foul of one of the many stupid exclusions got bugger all for no fault of their own and those genuine ones who took loans but unable to repay them due to their business collapsing due to covid, are now being hounded and some forced into bankruptcy to repay them.

so far they have increased the minimum wage, looked elsewhere from the ordinary tax payer to find money for necessary spending

But this is causing job losses because they've gone after the very people they need to create wealth and growth. Businesses will not invest or grow in this climate.

@nearlylovemyusername You are right, I just did a quick google- yes you are right that document is a bit older.
But the wider point is true, and whether Trump likes it or not, we are all in a global economy with the same headwinds affecting everybody (Ukraine/Palestine/energy & transport costs etc). US tariffs could make things a whole lot worse, and you cannot take the UK economy in isolation.
You also need to give the incoming government a bit of time - so far they have increased the minimum wage, looked elsewhere from the ordinary tax payer to find money for necessary spending. I hope they make their housebuilding targets, because we all know that affordable housing is needed for everybody, and that is woefully short.

He was spot on in his pre election analysis of Labour manifesto though. Masses didn't believe him so we deserve what we have now.

Yep

Of course he wasn't brilliant. It was an extraordinary situation never experienced before, his response was not that different to other countries who tried to support business.

He's still way more competent than current lot. And it says a lot about them.
He was spot on in his pre election analysis of Labour manifesto though. Masses didn't believe him so we deserve what we have now.

And let's face it - even without his wife's wealth he's very rich. Yes, he was privately educated but he made his fortune himself mainly. UK public can never accept this success. He tried to be rational, he had no chance.

This doc is six months old and fcst didn't materialise.

Another link here, recent one

Five factors we use to track recession risk, and what they say now | J.P. Morgan Private Bank U.S.

They now say the chance of recession is about 20%.
Not for UK though

I usually agree with your posts, so I'm quite surprised at this one. Is it what happened to the self employed that you're upset about, and do you think Reeves would have done better during covid?

The Conservative legacy of Brexit has cost the UK economy dearly

£140bn so far and an estimated £311bn by 2035

Don't think so. You can't forget covid where he spunked billions of pounds to fraudsters under the support schemes and still managed to exclude 3 million workers from the support. I don't think he was anywhere near as competent as some people make him out to be.

So you want us to blame Trump for the actions of the UK government. Gotcha

As much as people can't fault Labour their polices and budget have impacted jobs.

It's all covered if people read up a bit

@Catsandcheese at least with Sunak you felt he had a grasp on economics

There is a recession coming if it hasn't already started, it is a global one, not a UK only version:-
https://www.jpmorgan.com/insights/global-research/economy/recession-probability#:~:text=There%20is%20now%20a%2035,by%20the%20end%20of%202025.
When you hate the labour party as much as many of you posting here do, it must be really convenient to have them to blame now, what would you be saying if we still had Sunak or Truss.

She set herself up to fail. As did all the other Labour snakes.

Please could you share/link the information you are looking at that disproves what nearlylove has just stated?

@justteanbiscuits I'm wondering too

@Tryingtokeepgoing

Expert analysis. They are like a bloody cult.

We should add to your list -
Arresting migrants and parading it on tv, bad. Unless labour are doing it.

I don't think you understand how bots work or have the ability to identify one. Not everything you read and disagree with will come from a bot. That ironically, sounds very Putin like. We worry, me included, about too much that we cannot control and we believe naively that by voting from a list of a handful of names, picked by a handful of people, that it will resolve everything. Four years later, it has resolved nothing, so we do it again. So who really is the bot?

No, no, no…you don’t understand! Trolling is bad, unless it’s Labour trolling. Because that’s for the greater good. Likewise, corruption is bad, unless it’s Labour corruption. Then, it’s ’nothing to see here’. Cronyism is also bad, unless it’s Labour cronyism. Then it’s ’but that’s just how it’s always been done’. Pushing the elderly and disabled into poverty is bad, unless it’s as a result of Labour policy. Then it’s ‘but we have to pay the public sector more’. Private sector employers are of course bad, unless you need growth. In which case it’s ’of course increased costs won’t impact growth’ ☺️

What????? @twistyizzy where did you get it from? please say it's fake! this can't be true!

These are Putin's technics exactly!

@mowmiaow it isn't any other party who are calling for mass trolling online FYI like Labour are

Please could you share/link the information you are looking at that disproves what nearlylove has just stated?

They did? Wow, you must be looking at very different information to the rest of us.

Hang on, they inherited growing economy, buoyant labour market with growing wedges and declining inflation.

They also inherited underfunded (or rather mismanaged) public services.

Textbook approach - grow economy by making it attractive for investments, incentivise work, cut inefficiency. In a couple of years your tax take grow and then you invest. They did EVERYTHING opposite.

An interesting poll, for those who are interested, issued today by YouGov.

@justteanbiscuits do you think Labour expected they would decrease growth, shrink the private sector, cause job losses and get us closer to recession?