Are we heading into a major recession?

Leaving all state dependants on this island.

These people? 😆

And who is everyone going to sell their house & business too?

Where would people escape to @nearlylovemyusername? other countries are going to be willing to take millions & millions of people?

I was talking more about culling the population do we weren't an ageing population anymore as opposed to 100% IHT.

Bless you, it's appalling for people trying to get ahead isn't it.🌹

@wipeywipe
ah, your view on IHT again.

No, we wouldn't be in a much stronger position. Because anyone who's hard worker /has some wealth and is below culling age would quickly escape with their families. Leaving those coasters who expect someone else to contribute. It's happening now on a big enough scale, but there would be mass exodus the same day. And you know what? despite not being in EU, other countries would open their doors to this cohort gladly. Leaving all state dependants on this island.

Also seeing this. Family have a fair bit of commercial property. 3 out of 10 tenants have gone bust in the last 2 months. Hadn’t had one for 10 years before that.

Yes, just cull everyone over a certain age, bring in 100% IHT and it’s job done.

Economically we would be in a very strong position if we did this, morally I'm not sure. Can't see voters going for this though, particularly as so many are over the culling age!

Yes, spot on. It's a car crash with no end in sight. If Reeves goes, any credibility Starmer has left will go with her, and I cant see them changing course on the budget.

@TheNuthatch
The issue is not RR herself, as rubbish as she is. It's the entire party ideology and she's just a face of it. They do believe that despite current world set up and UK level of taxation they still can achieve something by redistribution.

It's very fundamental. Even if RR goes today, her replacement will have the same views and will screw in the same way. It's the dead end.

Who would have thought an 'economist' with '10 years experience at the BofE' could get things so wrong eh?

💯 this is a clear reflection of where we stand as a business too. Everyone in our sector has been quiet since October with companies failing all around is. We are struggling daily.

I'm so curious to know how many of those who are "surprised" now voted Labour.

This was so obvious in June, yet there are some surprised ones.

Sounds familiar.
I don't think those who work in the public sector, (or retired from it) understand what's going on out there. The job losses will be huge! I hope things improve for you and your BIL's employer.

Our buisness should be spending roughly 350k on replacement machinery costs this year. DH made the decision to keep old plant going another year after the budget.

Two of the companies we do work for went into administration last week.

BIL’s employer is making noises about halving their workforce, so that’ll be 250 redundancies. So, yeah, everything seems pretty miserable and I wouldn't be at all surprised if we are in an official recession very soon.

Yes, just cull everyone over a certain age, bring in 100% IHT and it’s job done.

Well some of us would happily bump ourselves off rather than live longer but in poor health. Government not going help there though.

www.theguardian.com/society/2024/jan/11/uk-life-expectancy-falls-to-lowest-level-in-a-decade

I must have recalled this

We're close then either way. If we don't want to keep building houses we know where to look

"The ONS expects natural change to turn negative in the mid-2030s, with the number of deaths exceeding the number of births each year. At this point, only migration will be causing the population to grow, as shown in chart 2."

Not yet

I thought we'd started to decline on living age

In any case it's not hard to see the increase in population over the last few decades

The increase in world population is not due to births - they levelled out a long time ago. People who say there should be limits on babies don’t understand the numbers. It’s longevity that’s causing it.

Thank you, why do so many not get this!

And also because while the birth rate is declining we have not yet, really, hit the ‘more die than are born/enter’ point. The increase in world population is not due to births - they levelled out a long time ago. People who say there should be limits on babies don’t understand the numbers. It’s longevity that’s causing it.

@Papyrophile Because we haven’t housed who is here and immigration means the population is growing.

Sadly @juggleit, I think government have two options in the absence of willingness to build housing: rely on landlords to deliver housing they don't fund building so BTL, and pay rent subsidies, or stick their fingers in their ears, sing lalala and pretend there are no problems. But going back a few posts, why do we need so much more housing if the birthrate is declining?

Yes the government are using
private Capital landlords) to support the social housing needs as this is cheaper in the short term but again a failure to invest in the future.
Unfortunately the policy of modern governments seems to be ‘we’ll kick the can down the road and bury our heads in the sand’