Can the UK Avoid a Recession?

[@hersdera]

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

[@SandraDave.]

Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.

[@Kj16V]

Everyone talks about the UK avoiding recession as though it's some measure of success, but this financial crisis we're in now, is *WAY* worse than the actual recession of 2008. I'm not an expert on finance but it seems clear to me there's a lot more to a country's success than whether or not it is in recession.

[@judvu1926]

You are absolutely correct from the perspective of a democratic majority . Unfortunately we are dictated by a minority who look after their own interests . We can only talk because the system allows people like Sunak and Boris to dictate how much punishment they dish out .

[@podcastingexplained]

Yep. I moved to London in 2010, 2 years deep into the 2008 recession, and finding a job was easy, the cost of living was lower and the rooms were also cheaper and easy to get. I think my first room in a flatshare in Ealing Broadway was less than 450£ per month bills included. I wouldn't dare to live in London now, closed businesses post covid, high inflation/cost of living, rents out of control, energy crazy high, wages barely raised, ehmmmm no thanks.

[@DigiDriftZone]

It's alright, we'll just tax the poor with ULEZ fines, that will fix the economy.

[@Soraviel]

@@podcastingexplained some people (a lot of people) can't move out of London bro.

[@888ssss]

*when the fake property boom comes home to roost....

[@MathGPT]

Its especially ironic that weather saved the Brits for once

[@TheMatthooks]

And that only because of global climate change.

[@giovanni-cx5fb]

Other than that time the Spanish Armada got crushed by a storm.

[@br_phoenix6367]

Tru, it even saved the royal family

[@King-uj1lh]

Protestant winds.

[@pr0fess0rbadass]

Global warming saves the day lmao

[@mattdog1982]

My dad once said…. We went into recession in 1970 and we’ve never come out, the jobs aren’t real jobs anymore

[@jamesn0va]

What's a real job?

[@davrosdarlek7058]

​@@jamesn0vamaybe he means the UK doesn't manufacture much anymore

[@alice1374]

@@davrosdarlek7058 Spot on, especially after Brexit when a lot of the manufacturers moved away from Britain. IMF said inflation is down to Corporate greed, and there's not enough production to get inflation down it's a double-edged sword.

[@mattdog1982]

@@jamesn0va I think he was talking about a time of Britain mass producing. Don't let him see you at a computer😂

[@0w784g]

@@alice1374 After Brexit? The UK lost all its manufacturing capacity while it was INSIDE the EC. Don't let facts interfere with your Brexit bigotry.

[@banicans5299]

You forgot to mention the corporate profiteering, while the rest of us are struggling more and more, the super rich and big business are making more profit than ever.

[@someguy-eh9mg]

Well said.

[@mbs1264]

Maybe this is why we're not in a recession. Part of the profit of a company is reinvested in the same company leading to more productivity and more jobs. So, if the profit of a company increases this company can grow and improve productivity.

[@someguy-eh9mg]

@@mbs1264 saw someone claim thames water gave out 66 billion in dividends over the years. Going bust with 14 billion debts. Last year gave out about victorian infrastructure being the reason they had to pump crap into the rivers means they did not improve the infrastructure as you claim they would have.

[@banicans5299]

@@someguy-eh9mg exactly mate well said. Not to mention how the profit gets funneled into offshore back accounts of the CEOs and shareholders. It's funny, whenever there's a crisis such as 08 banking or the pandemic or now this, you won't find those at the top putting their hands in their pocket to pay for it (even though they caused it) because you'll find their hands in our pockets.

[@mbs1264]

@@someguy-eh9mg I didn't speak about this specific company, I was speaking in general. I can also speak about the company where i work so we could have two different examples but, in any case, there are thousands of companies in the UK. So they gave lots of dividends and they went bust after? Is this company bankrupt? Does this company still exist? I don't understand your point.

[@silvanostagni]

The real issue in the UK is that banks, generally speaking, are not raising interest rates for savings. So you have a higher cost of borrowing without a higher reward for saving.

[@joso7228]

Yes that.... and the Tory Party.

[@888ssss]

why would i lend you my money for nothing ? i want at least 10%

[@jamesn0va]

​@@888ssssyou want almost double the interest rate for savings? Sounds like a crypto scam

[@user-im9zp4yp9x]

Lots of easy access savings accounts are now at around 4% and cheapest mortgage is at 4.3% with good LTV so you are straight up wrong.

[@MrManny075]

The BOE is raising the rate to get the money they created out of the system and you want the Banks to put them back so what's the point? Inflation means too much money chasing fewer goods,

[@faenethlorhalien]

Mate, whenever politicians and journalists realize a recession is coming, IT'S TOO LATE, and it's here or it's too late to react. Now it's time to brave the storm.

[@adrianashby1033]

The business secretary moved his company off shore just before brexit, his father wrote a book on disaster capitalism called 'How to make money during a financial crisis' and he's been famously obsession with nothing but money since he was a child. He pays zero UK tax and is legally based in the Cayman islands as well as having 75% of his money in foreign companies who own privatized UK public services (so would benefit from sell offs and buy outs) what could go wrong?

[@smellslikethinice1107]

But its all within the law...the law he and his thug mates created.

[@faenethlorhalien]

TYBURN is the only solution.

[@iamjimb]

No! You're lying. The good politicians of the Conservative party would never do things like that!

[@yofinance1777]

I don't know who is to blame, the dumb and distracted electorate or the person making millions lol

[@AlessioCollura]

You can't blame him for other people being dumb

[@dilligafwoftam985]

The UK is IN a recession ... ignore govy lies, just go to the supermarket and try to pay your rent.

[@jacksingh4033]

Nearing a depression not 30s style soup kitchens etc but it's a tough few years ahead

[@Hungry_Ham]

​@@wakaisgood wtf

[@jakel8627]

I pay my dad £420 per month for rent and just slap food bills on the credit card. By "food bill" I mean Uber Eats take outs 😋

[@SaintGerbilUK]

It's not a recession since we have imported an extra 0.9% population to get the GDP up by 0.4% sounds like a good investment right? It just means that the NHS and government services will be used by an extra million+ people.

[@Soraviel]

@@Hungry_Ham he's weird

[@ateacherexplains]

A) You are already in a recession. You've been in one for awhile. B) For working-class people, we've always been poor. A recession or not is not a big thing we think about because we are poor whether they economy is doing "well" or not. My whole life, the cyclical turns of the capitalist economy has meant absolutely nothing cos we've always just living hand to mouth.

[@andyf10]

You clearly don't know what recession is and how its measured. The UK is not in recession.

[@dex6316]

Recessions hit the poor harder than the rich. The poor and middle class lose their jobs, the rich lose their investment gains. The working-class should fear a recession because it’s going to hit them in wages and employment.

[@twystedhumour]

False. It sounds like your elders have failed to teach you money mgmt. I was just like you, working class. Bec. I paid attention (and made many mistakes that I learned from), I am now strongly middle class. Took more than 13 years, though, but doable. Others are able to do it faster.

[@RocketRaccoon-g9v]

Totally agree the poor get poorer and the fat rich bastards get richer

[@Jay_Johnson]

@@andyf10 A recession is an arbitrary term. Try real terms median income is still lower than 2007 and this recession will likely prevent us from reaching that again for another decade.

[@SaqibSheikh]

Energy bills are still insanely high and unaffordable for most

[@AndyL6972]

We are already in a recession bordering on depression.

[@andyf10]

No.... no we really aren't.

[@Kieran0]

There's no recession at the moment, a lot of people assume that a recession is just a general term for when people are struggling financially but a recession has a specific definition. It's generally considered to be when a country's GDP shrinks over 2 consecutive quarters, typically this leads to higher levels of unemployment.

[@reheyesd8666]

It's more like the 70s We have low growth and high inflation.

[@Ruddpocalypse]

It's because big businesses are allowed to gouge consumers for their higher profits and bigger salaries for those already on top that inflation is as bad as it is right now

[@jamest5149]

The UK has been in recession for ages, its playing with numbers any being pedantic with governments specific description and interpretation of what they see a recession is. Grown 0.2% April after a fall of 0.3% in March, this is how the year has oscillated around zero to minus growth but the overal trend is in the negative.

[@Dynasty1818]

Literally untrue, you're completely wrong. We haven't been officially in recession for over a decade. Just because you think so doesn't mean the markets and official measurements say so, quit whining.

[@johnthomson6507]

Sadly the working age benefits have only mirrored the inflation rate 4 out of 13 years and have seen a cut in real terms.

[@lumeronswift]

Breadlines abound and coffee and rent (talking outer suburb, not central London, where it is far worse) costs three times as much as in other expensive countries... but the average salaries are around half (compared to the same countries)... I've no idea how anyone can think that a bad sitution MIGHT befall the UK.

[@888ssss]

pay rents. work 60 hours. check credit score. online date. sounds fab.

[@Alepfi5599]

@@888ssss ?

[@888ssss]

@@Alepfi5599 ​fresh sperm for sale or rent. balls to let 50 cents. im a man of seed but by no means - king of the load.

[@fernbedek6302]

“Global Factors” -> corporations deciding to see how far they can raise prices before getting in trouble.

[@kiereann]

No. There, saved you 9 minutes and 40 seconds.

[@moore_news]

Using whether we go into recession or not as a measure of success / failure is so arbitrary. Growth / stagnation can be the difference of 0.1% plus you can have negative annual growth without going into recession if there's not 2 quarters of negative growth in a row.

[@ab-ym3bf]

Exactly. All those orgasmic claims about Germany and the EU being in recession and the UK not, have no real clue what is going on nor understand the different causes.

[@dex6316]

A recession is a sustained period of negative growth. It’s used as a measure of success because entering one is bad and leaving one is good. A small, short recession that pops a bubble is generally fine, while a deeper or longer recession can have catastrophic consequences.

[@MMerlyn91]

If Germany can avoid it, so can the UK, but I don't see you guys talking about Germany, still haven't got over Brexit, have we?

[@AdamBowman999]

It’s great to see TLDR explaining economics to their viewers.

[@scotsman6350]

Even if food and energy prices dropped, We`d need the supermarkets and energy suppliers to drop prices but why would they if noone else is ? They would see that as added profits.

[@Paul-zk2tn]

He never said food prices would drop ( I think, not rewatching to see mind you). Its the inflation figure we are talking about. There is absolutely no chance imo that deflation of food and energy prices is going to happen, but the high inflation has to be curbed. Enjoy the new normal basically because prices are not going down.

[@scotsman6350]

@@Paul-zk2tn I know he didnt it was more my thoughts on the subject.

[@old_grey_cat]

Ask your MP to push for tax on profits-per-(unit-cost-excluding-executive-pay) Increased dividends, buybacks, and executive pay are the inflation drivers allowed to flourish while the poor and middle-class suffer.

[@Jay_Johnson]

@@old_grey_cat I see a fellow reader of Mazzucato

[@chrisbrierley-roberts133]

Why does nobody talk about where all the extra money goes that mortgage payers pay when interest rates go up? The “Bank” of England puts up interest rates, which makes the “banks” billions more revenue. Why is this never rationalised or discussed?

[@Jay_Johnson]

We should be copying Meloni and imposing a windfall tax on the banks.

[@Nonixification]

Recession? UK is in recession since Brexit.

[@axel04_]

​@@wakaisgoodcope harder

[@diegolove173]

@@wakaisgood Absolutely nonsense! The nation is still divided and now we have Brexiters that regret the vote to solve teething problems Brexit Britain must rejoin the Custom market asap at least! Not fully rejoin but at least the custom market

[@NGRevenant]

@@diegolove173 literally no one cares about brexit anymore

[@goober-ll1wx]

Fact ckeck ya self before you wreck ya self....

[@diegolove173]

@@NGRevenant Why are you even commenting then you dummy

[@LightningStrikeify]

So Rishi is on track to break at least one, if not multiple of his pledges, with no sight of anything to stop that now. Surely he’ll call an election before having to go into one after he fails his pledges?

[@0uttaS1TE]

You know he won't

[@jamesn0va]

Yeah because you can easily fix systematic econmic issues in less than a year.

[@Jon-ov4nc]

​@@jamesn0vaSunK seems to think he can... 😂😂😂

[@grathem9789]

After the recession is well under way and the general election comes people are definitely going to vote out the Tories

[@capitalcrud9062]

The pledges were an immature ego trip! He was always going to fail!!

[@lltoon]

Can't enter a recession if you never left the last one.

[@Lords1997]

As an American, I knew that talks of a recession on our end was overblown… Currently we could only be in a recession if we accepted it as so which would cause mass panic and market turmoil, in reality artificial inflation is the only hurdle the economy faces which is only manageable due to household spending almost not changing… Hence the non existent recession that’s been spouted as “imminent” since January 2023… The UK faces the same exact problem, with the exception that they must import more because they produce less which puts them on a likelier outcome of reaching a proper recession.

[@andyf10]

Denying you are in recession doesn't mean you aren't in one. Recession isn't just when the Fed says so.

[@Lords1997]

@@andyf10 and yet you’re basing that assessment on the Fed

[@andyf10]

@@Lords1997 For the rest of the world a recession is two quarters of falling GDP For America it's when the Fed says it's a recession. That's lame....

[@Lords1997]

@@andyf10 again, and yet America isn’t in a recession meanwhile people like you are huffing Copium continuously lol

[@Paul-zk2tn]

@@Lords1997 Yeah the US defo hit a recession no matter what the FED say. I'd take that over our inflation figures though.

[@asies_lavida]

Calling it now -- no.

[@Alexg1561-t4m]

At this point, I treat the "in recession" or "not in recession" as a meaningless expression. Whether or not the UK will officially go into a recession by the current definition does not change the fact that the ordinary Joe is getting shafted by economic circumstance right now.

[@Andygb78]

To be in recession or not to be in recession that is the question.

[@Soraviel]

The UK is in recession, a lot of services, bills and rent is expensive

[@BossBasher]

Isn't that just inflation?

[@DGPPhysics]

Just leave UK recently, I’m glad I got 3 citizenship, I got EU citizenship, not brexit for me haha

[@adamstilldrives]

Same. I got EU citizenship just before the brexit deadline. It means I can work and live in the EU just like pre brexit. Now it's very difficult for people to just leave the uk and go work in the EU now. Plus not to mention some countries like Spain want to introduce a visa entry system for new British passport holders. Imagine having to pay £7 per person to just enter Spain. I know it's not much money but England is no longer a free country of the world

[@kevinheath7588]

Good riddance to you both lol 👍

[@Bagofnowt]

​@@kevinheath7588You're on a sinking ship, shouting "good riddance" to the people boarding the lifeboats.

[@The_Stef]

@@Bagofnowt Good one

[@tuffmbassador522]

​@@Bagofnowt😂😂😂😂😂

[@goober-ll1wx]

It cannot, 100% baked into the cake now...

[@LyricalLacerations]

You have 30% of the population renting with no rent caps and rent has been spiralling out of control for ages. In my area the average rent on a room. Has gone up by nearly a 100 pounds in a year. You need to stop landlords from over charging. Renters have seen a near 30% increase in certain parts of the UK in the last 2 years. With the average being around 10%. Renters are experiencing the rate of inflation at nearly double. 48% of the average renter's income is being used on rent. Anything above 25 to 30% is said to have serious long term phycological impact. Causing depression and long term issues. Effectively passing on the cost to the NHS, which have to deal with these issues and the police. Its because of the high cost of rent people struggle to be active members of the economy.

[@dylrob9736]

The question should be how do we get out of the recession we are currently in. The only reason why people are not told about the recession I’d because the media has become an arm of the government and is not reporting on it. There is no talk about the rapid and continuous increase in food prices. Not just food but most other household items. The everyday person in the street can tell you that they cannot keep up with the astromical price increases.

[@amo-kd9cn]

What’s the difference between now and a recession?

[@not_even_known_yet3167]

What they write into statistics

[@SaintGerbilUK]

That we imported a million people to push GDP to 0.4%. I'm sure that's sustainable...

[@apuji7555]

I think a country is officially in a recession when they have negative GDP growth for two consecutive quarters. I believe the UK has only 1 quarter negative.

[@AndreAmorim-AA]

The global inflation problem started in 1971.

[@888ssss]

switched on comment.

[@jonathonhoggarth6473]

Should have more likes - when you know you know

[@888ssss]

@@jonathonhoggarth6473 you cant unknow it, then begin to work 50 hours and give them taxes.

[@alexyordanov7324]

When we switched healthy, sustainable economic growth for debt fuelled, quick economic development that is a can being kicked down the road of eternity.

[@reheyesd8666]

Love it. 2010s we had a nice steady growth in gdp. Instead of rising rates, we dropped them with the fed. So because the boe didn't raise rates during that time, it became forced to do it now and cause a recession. The boe objective is to prevent recessions, what's the point tpin the bow?

[@monkeyboy8424]

Billionaire Sunak's front bench are mostly multi millionaires, including his hunt chancellor. The cesspool Tories are out of touch with hardships facing most people.

[@Anakin130506]

If a recession comes the entire population must put in a vote of no confidence to every MP in every constituency. These people need held to account

[@AzanAli-]

The consumers are the only reason this country hasn't plunged yet. We are still eating out and shopping without cuts even though we are on pennys 😂

[@Andygb78]

Eat out to help out is the way to go.

[@terryj50]

The uk seems to still be growing it’s the eu in recession. Looks to me like brexit is hurting the eu a lot more.

[@kartace1]

Dude, I've been listening from the beginning of TLDR news and your voice and delivery has improved so much! Did you get voice coaching, or is it just practice?

[@theconqueringram5295]

At this point I don't think the UK can avoid anything.

[@me0101001000]

Lemme guess: No

[@SkamGame]

Oh we're finally making it public?

[@martinwest7250]

We haven't even reached the level of gdp we had in 2019, don't we have to leave a recession before entering a new one.

[@FedericoVaccarezza]

Amazing explained!

[@philipjamesparsons]

I think that (in economic terms) we are in a slight recession at worst. The real problems are that many of the population and the state as a whole are on the brink of financial disaster. Massive public spending, unaffordable interest rates, inflation, huge public and private debt, huge immigration and lack of leadership. We are clearly in trouble.

[@MrManny075]

I'm not sure about massive public spending, Austerity has been around for a while, the economy was on life support since the 2008 crisis 0 interest rates and monthly QE kept the economy alive then covid lockdown exposed the scheme not to mention that other countries are growing fast, which means they are competing for everything driving the prices high

[@AidanMyne]

​@@MrManny075paying a good chunk of the blue collar economy to sit at home for a cough for a month cost almost as much as either pensions or the NHS annual spend.

[@Woffenhorst]

Inflation driven by corporate greed, isn't affected by interest rate hikes, the opposite is even true for banks.

[@Countstep0099]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45.

[@Petroguest-i4g]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

[@devereauxjnr]

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[@Aziz__0]

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[@devereauxjnr]

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[@Aziz__0]

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[@kris-pq9fd]

We've been in a recession since 2009. We are now entering a depression. Got that ,good!.

[@sillypuppy5940]

It's kind of a prolonged sagging of the economy that avoids being a technical recession.

[@English_Dawn]

Inflation was much higher after joining the Eurooean Community and other things. It was 17%. After relying on cheap food from New Zealand, South Africa and Australia, were hit by high European prices. 80% of the Community budget was spent on the Common Agricultural Policy supporting inefficient farmers. Not by subsidy but by maintaining high commodity prices. Inflation went higher. Union action pushed a price wage spiral until the Labour government were forced to go to the IMF for a loan in '76. Recent policy of keeping interest rates at unprecedented low levels was always going to end in tears for some imprudent borrowers who saw it as the new normal. It wasn't, it couldn't be. Now companies like Thames Water are paying the price.

[@igavinwood]

I can't see how the UK will avoid a long recession while we have yet to implement all the trade barriers from Brexit. We've gone from being able to trade freely with 700 million people (EU), to hoping to trade with 350 million (USA), and have ended up with neither. The roll over deals from the EU to UK with Japan are not good, nor are the deals with AU/NZ and even if they were the figures are tiny. Meanwhile we continue to drop standards in the hope of attracting more deals at the cost to our national producers. No matter which way you look at it the UK economy has been ruined over the last decade and the general media has only compounded the issue with partisan story telling.

[@garethbrown9191]

I thought you were going to say "This show is brought to you by Grindr 🤣🤣

[@silviuilie3518]

Thanks for the heads up ! I didn't know that UK is not in a recession. Of course the evry day reality says otherwise, but nothing beats the cooked governamental books thay say 'all is rosy'

[@aydin6219]

It's tough making money now and especially in stocks when institutional investors are the driving force behind the selling. I'm trying to avoid making any new buys at this point in order not to get sucked into a bear trap, tho I read an article of people that grossed profits over $150k this 2nd quarter, wondering what could be the best stocks to put on a watchlist for capital gains, both in a bull and bear market

[@ellaaysun6181]

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[@aydin6219]

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[@ellaaysun6181]

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[@ellaaysun6181]

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[@aydin6219]

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[@setzergabbiani200]

Not even remotely a recession can be avoided since we are already in a recession for years

[@PhysicsGamer]

Cripes, three of the top four comments on the video are currently scams.

[@mahfujurrahman7954]

Government never tells actual growth it always fluctuates number by 1 or 2 point in their favour. They always inflate numbers artificially, but reality is liquid of the pond slowly evaporating which we don't realise then woke up old.

[@luther0013]

Since inflation is being driven but energy and food costs the way to deal with it is to increase the amount of renewable energy available by relaxing the building requirements and the government in some cases straight up paying people to put them in. Also upgrading houses with electric boilers so gas demand decreases. Finally on the food side turn green spaces into emergency farmland that specifically grows the grains that are in short supply due to the war in Ukraine.

[@TobiasStarling]

Sometimes simple maths is the best. If nearly everyone is doing financially terrible, but growth is still occurring, someone at the top is making more than ever. Quick maths.

[@SirWhig-esq.]

It would be an act of supreme guile for the UK to avoid recession.

[@EdgarDebruin-ti8gi]

no they can't

[@user-gz6tx6yp3v]

No. Because funding is now strangled. Which is what they want.

[@ErenYega747]

Recessions and booms are part of the economic business cycle yet the costs are still within the power of human hands to manage. The foremost concern to remedy the human suffering and hardship are social services. Conservatives may harp on devaluing them and cutting them, but there are reasons they are truly afraid to and don't when they do have the power to. This goes the same for the US. The name of the game is to prevent people from slipping too far into the depths of poverty in contraction/recession stages to an extent they won't be able to benefit from recovery and expansion periods. The business cycle recession periods are the product of rewarding efficiency and punishing inefficiency - theoretically. The longer inefficient elements stay in the system, the expansions and recovery periods will be blunted. These elements also hamper the true value of competition in the market to reward the best with profits. Any avenue in society that creates non-competitive and unfair circumstances and unfair business practices will have their opportunity to be erased during trough recession periods. An election during this time may hamper the process, but a quick election may also give the government an effective mandate to carry this process out. The consensus perhaps is that Sunak doesn't have this mandate quite secure and is perhaps considered tentative at best. The benefit for having an earlier election is to make greater use of the unpopularity Boris suffers from prior debacles. So long those events are still alive and present in recent memory of the average voter, Sunak will have a position of strength. It may decrease the longer the election is postponed. Even if Sunak does ok, the longer the perception of voters gets molded by Boris' campaign rhetoric, it would be more difficult for Sunak to win an election in the years down the line from today.

[@AndreAmorim-AA]

80% of the UK economy is in the services sector. Speaking specifically about the tech services sector, where is the National AI strategy? What is the Department for Science, Innovation, and Technology (DSIT) doing?

[@csibesz07]

"Inflation is still incredibly high." Above 7.5%. Meanwhile in my country above 20%, Hungary...

[@johnrandle8365]

The increase in mortgages for some were misled into believing rates would stay low indefinitely they had already factored that in , For other means credit cards loans possibly now we have energy food ULEZ in cities you can get caught out when changes occur and if you become maxed out how will get back on track .

[@mishuccet1]

Anticipating recession is way more worse than the actual recession.

[@nazariit171]

One thing that I truly hate about this channel is how incredibly biased it is in favour of bad news. Not once was it mentioned that UK’s economy was predicted to fall into a recession for the better part of the year, without it happening of course. And that although predictions are important, they are not set in stone, not to mention being very unrealistic in the case of the UK. The other thing is that UK has an incredible number of positive things happening in the country, but this channel simply doesn’t make videos of positive things, such as that 30% of all electricity in the UK is made from renewables. I suppose I can’t blame them since no body wants to hear about the positive things with our country, but still…

[@eriktopolsky8531]

NO YOU CAN NOT AVOID IT ,

[@elPacho_42]

There is even the possibility of global factors giving the last blow to inflation

[@benjaminlamey3591]

consumption grew by 1%. if you factor in the 5% inflation, the value grew by 1% but the quantity decrease by 4 % ... Not sure this is that a good sign ... it decreased less the inflation increase, what an achievement ...

[@DavidJohnson-yg8qm]

Have you looked at the UK high streets lately? This country has been in recession for years. Now the supermarkets are paying off the employees who worked in shops. This is the rot. Not the start of it.

[@joso7228]

Well also everyone goes shopping at the new Enterprise Parks. Or Online to also flood the money out of the country to non-tax paying Corporations.

[@DanielleTinkov]

Considering the structure of the UK energy market, the idea that businesses receive no support is quite hilarious.

[@888ssss]

support from who ? me the taxpayer ? no.

[@DanielleTinkov]

@@888ssss you the individual consumer? Yes. The structure of the market forces individual consumers to pay higher energy prices so businesses can pay lower. What should have happened is the government should have done market reform that would have cut consumer prices and then subsidise businesses but it would have looked bad so that’s why they chose to not do it and make it look like they are helping people, which they weren’t.

[@888ssss]

@@DanielleTinkov in response i moved my hours to part time since 2020. i am managing fine. there is no incentive to work harder.

[@CptMark]

If it wants to stop the inflation, no.

[@kimwarburton8490]

UK has supply inflation, but gov n bank are treating it like demand inflation

[@BOZ_11]

GDP does not matter for a "developed" nation, only the share of national income does. Just focus on living standards

[@maxthemagition]

Looking back as far as the 1970's, previous Chancellors put interest rates into double figures to curb inflation. The BOE today is behind the curve and now cannot do this because of 14 years of "Free Money" dished out to the banks and suchlike which has inflated property prices as well as DEBT. The Country is awash with DEBT and IOUs. The cost to young families today is in rents and mortgages as well as hire purchase for cars and suchlike. Also the cost of child care and schooling is very high. Take mortgages for example.... A £200k mortgage at 10% interest rate = £20K p.a. interest only, which equates to well over £30k earnings! (After tax deductions, N.I., Pension Contributions, Health Insurance etc). If interest rates do not go higher than about 5%, then inflation which is running at near 10% will be impossible to halt and the result will be of course continuing INFLATION and a possible devaluation of Sterling. A devaluation of Sterling will affect everybody and very likely lead to accelerating INFLATION. Basically the UK economy is in a hole that is almost impossible to get out of. As winter approaches, and energy costs rising even more, along with almost guaranteed INFLATION, the future is not very bright to say the least. There is almost stunned silence from this Government and the BOE. The prolific money printing since 2008 and mountainous DEBT has created this monster today!

[@AndreSomers]

It could, but since it’s policy to induce one to try to curb inflation, it won’t be stopped but welcomed.

[@rlindsay-kipp6239]

Wtf does it matter if we're having rampant inflation people are losing houses and companies are going under but its not quite a recession

[@inuwooddog3027]

I don't know what identified as a recession nowadays, but the economy doesn't look good.

[@someguy-eh9mg]

Two periods of negative economic growth. Economic growth is by definition measured against your previous performance. So for example if you contract 2%, gain .1% and contract 3%. You are not in a recession. If you contract by .1% and. 1% you are. It's a bit misleading because context shows the 1st example is worse but the 2nd example is the recession.

[@samsoncooper1]

"There is a glimmer of hope for the UK" Yeah if you are either wealthy or a homeowner your assets will be protected and will continue to rise in a non risky way at 5% or so. If you're poor and struggling, you're fucked mate.

[@righteousbyfaithinChrist]

Joel 2:1-19 [1]Blow a trumpet in Zion, And sound an alarm on My holy mountain! Let all the inhabitants of the land tremble, For the day of the Lord is coming; Surely it is near, [2]A day of darkness and gloom, A day of clouds and thick darkness. As the dawn is spread over the mountains, So there is a great and mighty people; There has never been anything like it, Nor will there be again after it To the years of many generations. [3]A fire consumes before them And behind them a flame burns. The land is like the garden of Eden before them But a desolate wilderness behind them, And nothing at all escapes them. [4]Their appearance is like the appearance of horses; And like war horses, so they run. [5]With a noise as of chariots They leap on the tops of the mountains, Like the crackling of a flame of fire consuming the stubble, Like a mighty people arranged for battle. [6]Before them the people are in anguish; All faces turn pale. [7]They run like mighty men, They climb the wall like soldiers; And they each march in line, Nor do they deviate from their paths. [8]They do not crowd each other, They march everyone in his path; When they burst through the defenses, They do not break ranks. [9]They rush on the city, They run on the wall; They climb into the houses, They enter through the windows like a thief. [10]Before them the earth quakes, The heavens tremble, The sun and the moon grow dark And the stars lose their brightness. [11]The Lord utters His voice before His army; Surely His camp is very great, For strong is he who carries out His word. The day of the Lord is indeed great and very awesome, And who can endure it? [12]"Yet even now," declares the Lord, "Return to Me with all your heart, And with fasting, weeping and mourning; [13]And rend your heart and not your garments." Now return to the Lord your God, For He is gracious and compassionate, Slow to anger, abounding in lovingkindness And relenting of evil. [14]Who knows whether He will not turn and relent And leave a blessing behind Him, Even a grain offering and a drink offering For the Lord your God? [15]Blow a trumpet in Zion, Consecrate a fast, proclaim a solemn assembly, [16]Gather the people, sanctify the congregation, Assemble the elders, Gather the children and the nursing infants. Let the bridegroom come out of his room And the bride out of her bridal chamber. [17]Let the priests, the Lord's ministers, Weep between the porch and the altar, And let them say, "Spare Your people, O Lord, And do not make Your inheritance a reproach, A byword among the nations. Why should they among the peoples say, 'Where is their God?'" Deliverance Promised [18]Then the Lord will be zealous for His land And will have pity on His people. [19]The Lord will answer and say to His people, "Behold, I am going to send you grain, new wine and oil, And you will be satisfied in full with them; And I will never again make you a reproach among the nations.

[@kombe971]

A recession needs two quarters so it can’t be this year and will probably be next year

[@kombe971]

@@break1722 u bot

[@hockysa]

eventually you gotta pay the bill

[@potato_nugget]

For the people in the comments saying "we're already in a recession because bread and rent are expensive!": No, that's not what recession means. That's inflation. Recession is when GDP goes down

[@olsenfernandes3634]

Quite a shitty cycle we find ourselves in... People can't live because the prices are too high but for the prices to go down people need to stop spending money but if we stop spending money then the companies will end up losing income so they start firing people

[@ab-ym3bf]

Technically, you are 100% right.

[@florencedylan6158]

How can we enter a recession, when we have never come out of one in the first place🤣

[@Ziolek.2000]

Newsflash we already in one

[@jamestanis3274]

They're still using bank notes with Her Majesty's face.

[@nah88]

...No

[@dantownsend4246]

Uk having to upgrade its water and sanitation “ companies “ to first world standards would be a huge financial burden on EU. The NHS would need need large imput of money, and this is despite the additional £ 350 million per week the UK is providing

[@DrVictorVasconcelos]

Increasing inflation also means that a higher share of the budget is used to paying out bonds. And who buys government bonds? Not poor people. So rich people recoup their losses. But then, Erdogán's Turkey has become a cationary tale of what happens if you don't.

[@KeldonA]

So, basically our economy only works if we're squeezed hard.

[@tt-ew7rx]

According to the current government's apparent economic strategy (if such a thing exists), the UK should be put in a controlled recession to drive inflation down. This is a very clumsy method of controlling inflation, which in the current case should be much easier to deal with using sensible fiscal rather than monetary policies. However the govt absolutely refuses to take fiscal measures so we end up with this. We may have a problem with this way of doing things in that even if inflation is driven down this way, then what? Just for the govt to be able to claim some sort of result on one of their pledges? Or are there real benefits to have?

[@jamesn0va]

Cost cutting at this point is impossible without going back on everything they have committed too. For example the huge amount of free child care that's coming next year. It's needed to boost our birthrates to prevent a demographics crisis over the next few decades. The huge covid lending has prevented us from borrowing out of this situation but the very fact we are addressing this now puts us in a better position than say France or Germany who are deeper into there own demographics crises. We face a set of hard choices but we are looking at the right things.

[@alex29443]

That sacrifice ratio sounds like statistical gibberish.

[@DatOleEditGuy]

We cant avoid it as it's already here just happening incrementally.

[@fitnessfirst8101]

Unfortunately we are in the midst already. It’s just not being reported…

[@lawn38]

Raise interest rates to cool down the economy which in turn slows inflation except the economy is not booming! Prices are rising because of rising fuel prices which effect everything.