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UK officially in recession...

501 replies

Startingagainandagain · 15/02/2024 09:31

Latest stats released show the UK is now officially in recession (Office for national statistic data).

Gaslighting has started in the media by ministers to try to minimise that fact.

Isn't it time to face the facts instead and call a general election?

I know the picture is bleak and any new party in power will need years to try to sort out this mess but something needs to be done...

The UK's decline in the past few decade or so has really been dramatic.

OP posts:
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17
Naptrappedmummy · 15/02/2024 21:25

IClaudine · 15/02/2024 21:24

You said:

The public don’t like to be told they have to work though.

They like to see work as optional, something you do if it suits you and fits in with your lifestyle and causes no hassle, otherwise you’re entitled to live off the state ‘because the corporations should be taxed more, go after them, not me’.
If 75% of the working population is in employment, then what you have said is simply not true.

As others have explained, the 9.28 million people ecomically inactive are not counted as"unemployed". They are either too ill to work, early retirees, carers or students or people who can afford not to work and don't need financial help.

But hey, you carry on with your benefit and ignore actual facts🤯🤯🤯

You can argue semantics to cover up the message, or you can face the message - the reasons for 10 million people being out of work is immaterial, it’s a burden too big for the economy to bear.

IClaudine · 15/02/2024 21:25

Naptrappedmummy · 15/02/2024 21:24

Why do I need to ‘prove’ an opinion on a discussion forum? Confused

Well you certainly haven't been able to prove that one 🤣🤣🤣

cardibach · 15/02/2024 21:27

shielder · 15/02/2024 21:00

They seem to want more than any government since the war despite apparently being the party of low taxation and claim the other lot will raise taxes.
Fear not though. I pay tax on my pension and earnings, I pay VAT, I pay council tax, vehicle excise, fuel taxes etc etc.

Problem is it’s not enough, look at social care, the nhs. There’s been no investment & the future is more tax & fewer services. Soon we will have a cohort retiring who don’t own their own homes so all that tax money just goes to landlords as not enough social housing.

And none of that makes voting for more of the same (or failing to vote to change it) sensible. Taxation isn’t the only way to raise money. A national budget isn’t like a household one

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Dymaxion · 15/02/2024 21:28

You can argue semantics to cover up the message, or you can face the message - the reasons for 10 million people being out of work is immaterial, it’s a burden too big for the economy to bear.

But posh students and rich early retiree's are a bonus to the economy ?

What's your alternative, a cull ?

IClaudine · 15/02/2024 21:29

Naptrappedmummy · 15/02/2024 21:25

You can argue semantics to cover up the message, or you can face the message - the reasons for 10 million people being out of work is immaterial, it’s a burden too big for the economy to bear.

How are early retirees supporting themselves a "burden"? How are carers who save the state millions a "burden"? How are students, our future workforce, a "burden"?

I guess if you were of a certain unpleasant mindset you might see the ill and disabled a "burden". That can lead to a very bad place.

jupiterhigh · 15/02/2024 21:29

@Naptrappedmummy can you explain how the economically inactive contributes to the recession significantly enough to be the most important action to fix it? I don't get it, if the figures of economically inactive haven't significantly changed since 2004 but we have seen big swings in the economy.

Naptrappedmummy · 15/02/2024 21:31

Dymaxion · 15/02/2024 21:28

You can argue semantics to cover up the message, or you can face the message - the reasons for 10 million people being out of work is immaterial, it’s a burden too big for the economy to bear.

But posh students and rich early retiree's are a bonus to the economy ?

What's your alternative, a cull ?

Of course they’re not.

BIossomtoes · 15/02/2024 21:33

Naptrappedmummy · 15/02/2024 21:24

The reasons are immaterial. They don’t change the impact do they?

Not really. Unless you want sick and disabled people at work. Or people who are saving the state £££ by caring for those people without pay.

3luckystars · 15/02/2024 21:33

allii03 · 15/02/2024 14:25

Self-employed. My industry is a good bellwether for this. Work has dropped off a cliff. People have been talking about a 'silent recession' for the last few months.

Thank you for that information, could you say what your industry is without too much identifiable information? I’d be very interested.

From what I am seeing, people are not booking one holiday, but 3 or 4 this year so it will be interesting to see what the impact of this recession will be on travel. I have never witnessed anything like it.

cardibach · 15/02/2024 21:34

Naptrappedmummy · 15/02/2024 21:24

Why do I need to ‘prove’ an opinion on a discussion forum? Confused

You didn’t say it was an opinion. You presented it as a fact. And actually, you do need to provide evidence in a discussion, wherever it takes place, or there’s no point at all. I take it you don’t have any?

Naptrappedmummy · 15/02/2024 21:35

jupiterhigh · 15/02/2024 21:29

@Naptrappedmummy can you explain how the economically inactive contributes to the recession significantly enough to be the most important action to fix it? I don't get it, if the figures of economically inactive haven't significantly changed since 2004 but we have seen big swings in the economy.

In 2004 we weren’t in the same global conditions we are now, post recession, post covid, and with basically the whole of the western world in decline. Money went further, inflation much lower, population smaller, the ageing population issue wasn’t as evident.

Dymaxion · 15/02/2024 21:36

Of course they’re not.

Oh heck are they the cause of inflation, because they have money to spend ? but if they don't spend money, the businesses they spend money in might struggle and that might lead to a recession ? Damned if they do, damned if they don't !

shielder · 15/02/2024 21:36

Why do I need to ‘prove’ an opinion on a discussion forum?

You don’t but obviously without any evidence to inform why you have a particular opinion you leave yourself exposed…

GinaB8 · 15/02/2024 21:38

sally037 · 15/02/2024 15:11

Does anyone else find it mildly baffling that some people's immediate reaction to their country slipping into recession is to defend the government who oversaw it?

I just assumed Carrie Johnson had Mumsnet…

jupiterhigh · 15/02/2024 21:40

@Naptrappedmummy so because it so rubbish and we are in such a financial mess, everyone need to contribute whatever the circumstances? So very limited mat leave, no SAHM, no caring for disabled children or elderly parents, no university and no retirement before 67? Everyone has to work whatever?

Dymaxion · 15/02/2024 21:41

the ageing population issue wasn’t as evident.

That's absolute bollocks, every government since the 1970's, has been presented with the facts of what was coming, regarding an ageing population, and they have all kicked that can down the road.

Naptrappedmummy · 15/02/2024 21:43

jupiterhigh · 15/02/2024 21:40

@Naptrappedmummy so because it so rubbish and we are in such a financial mess, everyone need to contribute whatever the circumstances? So very limited mat leave, no SAHM, no caring for disabled children or elderly parents, no university and no retirement before 67? Everyone has to work whatever?

I think we’ll have no choice but to really limit the conditions under which people can receive out of work benefits, as PPs have said. I keep looking for another way but there isn’t one.

Naptrappedmummy · 15/02/2024 21:43

Dymaxion · 15/02/2024 21:41

the ageing population issue wasn’t as evident.

That's absolute bollocks, every government since the 1970's, has been presented with the facts of what was coming, regarding an ageing population, and they have all kicked that can down the road.

Ok, it wasn’t ‘active’ then. It was in the future, but not actually happening as it is now. Are you really so obtuse you’ll pretend you didn’t know that’s clearly what I meant?

shielder · 15/02/2024 21:45

That's absolute bollocks, every government since the 1970's, has been presented with the facts of what was coming, regarding an ageing population, and they have all kicked that can down the road

I think every birth rate prediction has been wrong, even during covid they were talking of a baby boom. The gov aren’t held to account on the demographics though as I think it raises some uncomfortable issues so people just blame everything on immigration

shielder · 15/02/2024 21:46

I think we’ll have no choice but to really limit the conditions under which people can receive out of work benefits, as PPs have said. I keep looking for another way but there isn’t one.

So what does this actually look like?

Zonder · 15/02/2024 21:46

PartyLikeIts2024 · 15/02/2024 17:48

According to Google 1 in 7 labour MPs went to private school, that's not including those that attended grammar school.

1 in 7 of the shadow cabinet went to private school.

"Broken down by party, Conservative MPs were most likely to have attended private schools (59% having done so) while Labour MPs were the least likely (18%)"

Your Google must be broken.

Dymaxion · 15/02/2024 21:48

Ok, it wasn’t ‘active’ then. It was in the future, but not actually happening as it is now. Are you really so obtuse you’ll pretend you didn’t know that’s clearly what I meant?

No need to get so snitty, I was saying that all parties of every persuasion have ignored the undeniable facts of an ageing population. It isn't something that has suddenly appeared overnight, it has been a very, long, slow process to where we are now and one that was obviously going to happen.

jupiterhigh · 15/02/2024 21:49

@Naptrappedmummy you really can't see better government leadership making a difference? Your world is verging on the dystopian, as a mother of young children (I am making assumptions based on your username) does it not scare you?

IClaudine · 15/02/2024 21:49

I think I have had enough of arguing the toss with someone who won't accept actual facts and has none of their own to back up their assertions.

Very much looking forward to what deflections will be attempted on MN tomorrow when the carnage results of the by elections are announced.

Naptrappedmummy · 15/02/2024 21:50

jupiterhigh · 15/02/2024 21:49

@Naptrappedmummy you really can't see better government leadership making a difference? Your world is verging on the dystopian, as a mother of young children (I am making assumptions based on your username) does it not scare you?

I don’t think they can. They’ve scrapped every policy that costs a substantial sum of money already. Yep, it’s scary all right.

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