Latest inflation figures 4%. Latest today on the economy, it’s officially in recession.
So is this stagflation?
- Thread starter Yale
- Start date
I’m not an economist, some on here will have training, but I’ll say yes.
So what is diferent this morning ?
Cows not need feeding
Roger Perry
Member
Your economy is in trouble and your lawmakers seem inept at correcting it which does not bode well for the future
As with most situations there are many factors that have brought you to this point, just reading thru the various threads on this site shows a scary amount of regulation that only serves to dumb down the spirit
Your energy costs are unbelievable which must put a severe crimp in any budget. (net zero is expensive)
Any mature economy struggles to balance the needs of the population while encouraging a vibrant economy but as the world enters the next revolution are your leaders smart enough to capture that pot of gold.
As with most situations there are many factors that have brought you to this point, just reading thru the various threads on this site shows a scary amount of regulation that only serves to dumb down the spirit
Your energy costs are unbelievable which must put a severe crimp in any budget. (net zero is expensive)
Any mature economy struggles to balance the needs of the population while encouraging a vibrant economy but as the world enters the next revolution are your leaders smart enough to capture that pot of gold.
We are a vassal state, Sir.
- Location
- Scotland
Ah yes, thats why the gas price climbed exponentially.
I think the biggest plus point in the US economy, is cheap home produced energy from various sources, but a large % from fracking. This has huge potential here in the UK too, but has been effectively banned because of greenie and nimby lobbying. If local communities and landowners were actually allowed to benefit, I reckon attitudes would change, especially as the green renewable "revolution" is being found out as both extremely costly and of dubious benefits in many cases.
No arguments about inept politicians, but they are rife wherever you go.... Over regulation is a spin-off of inept politicians I would say, but there againg the civil servants do a VERY good job in preserving their own jobs and status.
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- Location
- Northumberland
Therein lies the problem. Not many of the current ( or wannabe )leaders you would trust to run a corner shop, never mind run a country.
It’s the last qtr of 23 where those figures came from apparently.
- Location
- Lincolnshire
No, the biggest plus point is having the world's reserve currency. By a lot of metrics, the us economy keeps working because folk are still content to buy any dollars it prints.
When the whole world is blowing each other to bits, dollars are what folk want.
Reserve currency status allows a degree of "paying it forward" that other nations cannot.
- Location
- Lincolnshire
UK economy is entering a phase where you simply can't increase productivity. And as folk age and retire, it's likely govt borrowing to pay for services will simply keep increasing.
Where's previously 60 oercent debt to GDP was prudent, we've seen western govts go to 100 percent. The next step will see this be the norm until some bright spark finds a way to off-book some more govt liabilities and take it to 125.
Then, as voters age, they will simply kick the can higher and higher.
Councils go bust - do they get liquidated or merged? No they up council tax ten percent and cull almost every service.
Fiscal discipline and productivity growth have gone down the shitter now in the UK
Where's previously 60 oercent debt to GDP was prudent, we've seen western govts go to 100 percent. The next step will see this be the norm until some bright spark finds a way to off-book some more govt liabilities and take it to 125.
Then, as voters age, they will simply kick the can higher and higher.
Councils go bust - do they get liquidated or merged? No they up council tax ten percent and cull almost every service.
Fiscal discipline and productivity growth have gone down the shitter now in the UK
Hilly
Member
- Location
- Scottish Borders.
Our twit of a leader sold the pot of gold a few years ago! At a bargain basement price as well.
Anyone with sense will have bought some gold for themselves, so they have something left when our leaders ruin our currency completely.
- Location
- N.Lincs
I'm afraid it's what you get when the country (and hence the economy) is run by career politicians.
You know the ones, they've read politics at university, had a job as a researcher for some similar, can't tell his ar$e from his elbow MP, and before you know what's happened, they're standing as a MP in their own right
Most have never had a job in the real world.
They've no idea how the world works but we still elect the useless bu99ers - probably 'cos there's no other alternative.
Years ago, you didn't get the chance to be a MP unless you'd 'made your mark' in the world.
Economies shouldn't be based on a bunch of smart ar$es, shuffling bits of paper around, in the square mile, robbing Peter to pay Paul.
They should be based on manufacturing - combining a, b, c and d to make x, y and z. Products that are worth more than the raw materials you started with.
It's the only way to grow an economy.
The present encumbants are hell bent on sacrificing all our industries (farming included) on the altar of net zero, just so they can crow about how good they are.
The whole lot are a bunch of wasters and, come the revolution, I'd like to be there when we line 'em all up against the wall and shoot the lot
Rant over.
I'm away off down to the lambing shed.
You know the ones, they've read politics at university, had a job as a researcher for some similar, can't tell his ar$e from his elbow MP, and before you know what's happened, they're standing as a MP in their own right
Most have never had a job in the real world.
They've no idea how the world works but we still elect the useless bu99ers - probably 'cos there's no other alternative.
Years ago, you didn't get the chance to be a MP unless you'd 'made your mark' in the world.
Economies shouldn't be based on a bunch of smart ar$es, shuffling bits of paper around, in the square mile, robbing Peter to pay Paul.
They should be based on manufacturing - combining a, b, c and d to make x, y and z. Products that are worth more than the raw materials you started with.
It's the only way to grow an economy.
The present encumbants are hell bent on sacrificing all our industries (farming included) on the altar of net zero, just so they can crow about how good they are.
The whole lot are a bunch of wasters and, come the revolution, I'd like to be there when we line 'em all up against the wall and shoot the lot
Rant over.
I'm away off down to the lambing shed.
- Location
- Herefordshire
Yet British Gas, BP etc will make record profits while business close and families choose between heating or eating.
Hilly
Member
- Location
- Scottish Borders.
I will happily pay for the ammo .I'm afraid it's what you get when the country (and hence the economy) is run by career politicians.
You know the ones, they've read politics at university, had a job as a researcher for some similar, can't tell his ar$e from his elbow MP, and before you know what's happened, they're standing as a MP in their own right
Most have never had a job in the real world.
They've no idea how the world works but we still elect the useless bu99ers - probably 'cos there's no other alternative.
Years ago, you didn't get the chance to be a MP unless you'd 'made your mark' in the world.
Economies shouldn't be based on a bunch of smart ar$es, shuffling bits of paper around, in the square mile, robbing Peter to pay Paul.
They should be based on manufacturing - combining a, b, c and d to make x, y and z. Products that are worth more than the raw materials you started with.
It's the only way to grow an economy.
The present encumbants are hell bent on sacrificing all our industries (farming included) on the altar of net zero, just so they can crow about how good they are.
The whole lot are a bunch of wasters and, come the revolution, I'd like to be there when we line 'em all up against the wall and shoot the lot
Rant over.
I'm away off down to the lambing shed.
Roger Perry
Member
Here in the U.S. we have no fiscal responsibility, by all calculations we will soon be paying one trillion, (yes, one trillion $$) per year in interest alone.
Any politician who runs on a platform of reducing debt gets no traction at all.
Its like a death wish..........I don't get it.
Any politician who runs on a platform of reducing debt gets no traction at all.
Its like a death wish..........I don't get it.
The London Palladium event “BPR Seminar”
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BPR is not just a farming issue, it affects ALL business, it removes incentive to invest for growth
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BPR is not just a farming issue, it affects ALL business, it removes incentive to invest for growth
Join us @LondonPalladium on the 16th for beginning of UK business fight back
BPR Summit | LW Theatres
lwtheatres.co.uk