UK officially in recession...

[Startingagainandagain]

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.

People who say this now usually also blame the global financial crash on the last Labour government.
Maybe you don't, but many do. They can't have it both ways.

I think that was a misreport

Absolutely, they cursed us with Brexit and then literally gave billions of taxpayers money to their cronies during Covid. The country sadly suffers from having a naive electorate who are easily divided, manipulated and coerced into making terrible decisions that only ever benefit the charlatans wearing blue rosettes.

@midgetastic

@HelloMiss
Here's your link... it's in the big writing under the headline!

https://news.sky.com/story/uk-economy-in-a-recession-13071973
🙄

Which begs the question where is all the money?
I do have a few answers,none of which may be spoken aloud due to modern sensitivities but there we go.

Personally I will carry on working and feeding my family as normal. If the media stopped telling people they were poor and everything was shite they'd be happier living their own lives rather than coveting other people's lives and constantly comparing and complaining.

I have. Germany still have a higher GDP than us, per capita or otherwise. Why?

Can’t be spoken aloud?
Nonsense. Tell us what your explanation is.
I don’t actually need anyone to tell me everything is shit and we’re all getting poorer because I have actual eyes and ears.

Looked at the US? (If we’re doing whataboutery). And everyone* says their leader is actually suffering from dementia.
*not everyone. Trumpian republicans mostly.

A competent, non xenophobic, non corrupt government would be a start!

I do have a few answers,none of which may be spoken aloud due to modern sensitivities but there we go

Do you mean you want to blame immigration?

I can't understand how some posters are not understanding the general context of mentioning other powerful countries state of affairs?

As pp said if other power houses are thriving then of course blame gov, unfortunately I think it's the covid situation and then the Ukraine war.

@OneMoreTime23 of course.

Why did Sunak promise he'd grow the economy in January 23, if he knew the impact of covid and Ukraine would hamper him?

I am shocked he promised something he knew he couldn't deliver. Shocked, I tell you.

The scary thing is, it is surely going to get worse before it gets better.

We have an ageing population with people living longer needing medication, care etc who will need more support and a relatively low birth rate.

We have an increasing number of people out of work due to ill health and poor mental health- yet we will see further cuts to public services which is only going to make this worse not better.

We have a service based economy which relies on people spending their disposable income, yet people are having to tighten their purse strings due to inflation and higher costs of pretty much everything.

We have a low wage economy in comparison to countries like USA and Australia, we have an economy where for many it doesn't pay to work, and instead get benefits top ups which is putting a strain on those actually working full time.

We have a housing crisis, with private rentals at a premium.

We are starting to see a brain drain with graduates, health care professionals moving to Australia, Middle East, Asia etc

I don't have the answers to any of this, and I don't think any party does.

It's already bad , it'll only get worse. As beautifully written below.

GDP per capita has been in decline for nearly 2 years. What happened to Rishi's pledge to grow the economy?

I know that Liz Truss's name is poison to most on mumsnet , but she also wanted growth and tax cuts and all the things that the current PM wants , yet all that seemed to do was cause carnage. It clearly didn't work then , so why are they continuing to say it will now ?

Would increasing taxes from where they are now work?

People voted Tories. People voted Brexit.
You reap what you sow.

I think business owners could have told you this 12/18 months ago when the cost of living/ energy crisis hit.

I think you'll find that, generally speaking, one part of the population "sowed" the tories and brexit on behalf of us all; meanwhile another, largely different, part of the population are now "reaping" the consequences of those decisions.

It is relevant. If other countries in Europe have struggling economies, often the U.K. (& others) will too.

Change in ideology?

Do you not think there is a fundamental difference in the way someone with a right-wing conservative outlook might think about how an economy works compared to someone with a left-wing outlook. Even if they are both centrist there will be nuances.

Your average conservative is going to look at the economy like a household budget and think austerity is the best way to run it whereas someone from the left is going to think about the multiplier effect and state spending being the way to grow it (i.e. if you spend more on health you have more money coming in due to less people being sick or education spending means a more skilled workforce, etc).