I bet you somehow the telegraph will completely miss this. Anyway more Rachel from accounts memes.
bigmustard69 on
Ah yes growth. The only thing that matters in the entire world.
cosmic_monsters_inc on
Is that because we are spending more and more on bare essentials?
Rusty_Fiat on
Ok, great. And what about GDP per capita?
Saying the economy has grown – great!
But there are loads of people paying into a broken system, which is skewing the numbers to make it look like we’re doing well, when in actual fact, the average person isn’t.
Aromatic_Distance580 on
yeah but is it _doing well_ as a country?
# a. Life in the UK Index (By Ipsos, 2024)
* Composite score of **61/100**, split into:
* Social wellbeing: 72
* Economic wellbeing: 71
* Environmental wellbeing: 62
* Democratic wellbeing: 40
* No significant movement from 2023
# b. Global Flourishing / Well-Being Measures
* **Global Flourishing Study**: UK ranked **20th of 22**, particularly low among 18 to 24 year-olds.
* **Mental Health Quotient (Sapien Labs)**: UK rated as the **second-most miserable country** out of 71 score: 49 vs. global average of 65 driven by cost-of-living, trust decline, pandemic scars.
* **World Happiness Report**: UK around **23rd happiest**, its lowest placement since 2017.
# c. Numbeo Quality of Life Index
* Places the UK at **177.21**, compared with the US at 192.05, and Germany at 195.19. Reflects cost of living, safety, healthcare perception, and other living standard metrics.
Lietuvaitiss on
0,3% growth 😀
I wonder how the economic growth would look like without financial speculations, which dont contribute to the ordinary people anyway.
Nipplecunt on
That’s like outpacing a 79 yr old idiot who just shot himself in the bonespurs
FlyWayOrDaHighway on
Great start.
Add in
* Land Value Tax levied on the undeveloped land’s value to start to fix the wealth inequality and housing crisis.
* Higher banding numbers for tax to combat fiscal drag, which is a stealth tax making us poorer.
* Slightly higher tax rates at these increased bands to plug the deficits and align us better with European countries who have functioning welfare states.
* Abolishment of the triple lock for state pensions.
* Push for the digitisation and modernisation of NHS services (on much more fundamental principles than AI) to increase efficiency of the service and make the workers’ lives easer and more focused on the actual care.
* Nationalisation of water and energy companies (although water is much more urgent due to astronomically high corruption)
and boom, you’ve got yourself a functioning society.
Power to the people
rustlingspecialist on
Real GNP per capita is unchanged from 2008 (was on par with the US then) whilst the US figure has grown 70% or so.
Segagaga_ on
The economy might be growing, but since the Covid pandemic stsrted in 2019, 99% of all new growth has gone to the top 5% wealthiest citizens, while the rest suffer declining savings and pensions due to inflation.
Important_Coyote4970 on
For reference
This growth is lower than inflation
0.3% / quarter is 1.2% yr
Labour are relying on growth to get us out of the financial black holes. The black holes are growing.
BoomSatsuma on
Yes but it’s still anaemic growth.
Just because we’re less anaemic than others doesn’t make it a win.
Kwinza on
Ahh yes the monthly data report proving that all the headlines from the dailyxxxxx and the torygraph over the last month have been completely made up.
I look forward to next months report doing the same.
(This has happened every month since Starmer took office)
terrordactyl1971 on
So, Labour declared a £20bn black hole on the day they took office. How have they grown that to a £50bn black hole in a year, if the economy has grown? Is it just incompetence?
YoshiiBoii on
The average British Redditor will tell you the UK is a failed state and were a 3rd world shithole. Might aswell move to Zimbabwe and live in a mud hut, mining lithium for a better quality of life.
EcstaticRecord3943 on
What matters is who is benefiting from this economic growth. I bet it’s only the extremely wealthy who are benefiting.
Lower-Main2538 on
Well… Who cares because working people aren’t seeing the money. It’s all going to billionaires profits.
Couldn’t give a f until my pay is increased back to where it should be which is 18% higher as it was in 2010.
Borgmeister on
Queue the Jackson 5: Can you feel it?
Because many can’t.
Dapper_Otters on
I can feel the disappointment in the tabloids from here.
Overall positive news though. GDP and GDP per capita both up.
Prownilo on
Growth dont mean Jack shit to me if it all goes to the already rich.
Average person is poorer and struggling, all that growth and productivity it just feeding into the rich.
ThaGooch84 on
It can grow all it likes.. 14th on the list, gdp per capita 2010. Today we are 26th and will continue to fall. Remove the rich and we are a very poor country which is why we cant have them leave, they have us by the balls because if they stay they’ll bleed us dry do either way we are fcuked
eeeking on
*What a devastating blow to Chancellor Rachel Reeves!*
~~The Daily Heil
Equivalent_Oil_8016 on
Either someone is coking the books or the USA is wall and truly screwed.
Because for a lot of people, things do not feel like they are going well at all
23 commenti
I bet you somehow the telegraph will completely miss this. Anyway more Rachel from accounts memes.
Ah yes growth. The only thing that matters in the entire world.
Is that because we are spending more and more on bare essentials?
Ok, great. And what about GDP per capita?
Saying the economy has grown – great!
But there are loads of people paying into a broken system, which is skewing the numbers to make it look like we’re doing well, when in actual fact, the average person isn’t.
yeah but is it _doing well_ as a country?
# a. Life in the UK Index (By Ipsos, 2024)
* Composite score of **61/100**, split into:
* Social wellbeing: 72
* Economic wellbeing: 71
* Environmental wellbeing: 62
* Democratic wellbeing: 40
* No significant movement from 2023
# b. Global Flourishing / Well-Being Measures
* **Global Flourishing Study**: UK ranked **20th of 22**, particularly low among 18 to 24 year-olds.
* **Mental Health Quotient (Sapien Labs)**: UK rated as the **second-most miserable country** out of 71 score: 49 vs. global average of 65 driven by cost-of-living, trust decline, pandemic scars.
* **World Happiness Report**: UK around **23rd happiest**, its lowest placement since 2017.
# c. Numbeo Quality of Life Index
* Places the UK at **177.21**, compared with the US at 192.05, and Germany at 195.19. Reflects cost of living, safety, healthcare perception, and other living standard metrics.
0,3% growth 😀
I wonder how the economic growth would look like without financial speculations, which dont contribute to the ordinary people anyway.
That’s like outpacing a 79 yr old idiot who just shot himself in the bonespurs
Great start.
Add in
* Land Value Tax levied on the undeveloped land’s value to start to fix the wealth inequality and housing crisis.
* Higher banding numbers for tax to combat fiscal drag, which is a stealth tax making us poorer.
* Slightly higher tax rates at these increased bands to plug the deficits and align us better with European countries who have functioning welfare states.
* Abolishment of the triple lock for state pensions.
* Push for the digitisation and modernisation of NHS services (on much more fundamental principles than AI) to increase efficiency of the service and make the workers’ lives easer and more focused on the actual care.
* Nationalisation of water and energy companies (although water is much more urgent due to astronomically high corruption)
and boom, you’ve got yourself a functioning society.
Power to the people
Real GNP per capita is unchanged from 2008 (was on par with the US then) whilst the US figure has grown 70% or so.
The economy might be growing, but since the Covid pandemic stsrted in 2019, 99% of all new growth has gone to the top 5% wealthiest citizens, while the rest suffer declining savings and pensions due to inflation.
For reference
This growth is lower than inflation
0.3% / quarter is 1.2% yr
Labour are relying on growth to get us out of the financial black holes. The black holes are growing.
Yes but it’s still anaemic growth.
Just because we’re less anaemic than others doesn’t make it a win.
Ahh yes the monthly data report proving that all the headlines from the dailyxxxxx and the torygraph over the last month have been completely made up.
I look forward to next months report doing the same.
(This has happened every month since Starmer took office)
So, Labour declared a £20bn black hole on the day they took office. How have they grown that to a £50bn black hole in a year, if the economy has grown? Is it just incompetence?
The average British Redditor will tell you the UK is a failed state and were a 3rd world shithole. Might aswell move to Zimbabwe and live in a mud hut, mining lithium for a better quality of life.
What matters is who is benefiting from this economic growth. I bet it’s only the extremely wealthy who are benefiting.
Well… Who cares because working people aren’t seeing the money. It’s all going to billionaires profits.
Couldn’t give a f until my pay is increased back to where it should be which is 18% higher as it was in 2010.
Queue the Jackson 5: Can you feel it?
Because many can’t.
I can feel the disappointment in the tabloids from here.
Overall positive news though. GDP and GDP per capita both up.
Growth dont mean Jack shit to me if it all goes to the already rich.
Average person is poorer and struggling, all that growth and productivity it just feeding into the rich.
It can grow all it likes.. 14th on the list, gdp per capita 2010. Today we are 26th and will continue to fall. Remove the rich and we are a very poor country which is why we cant have them leave, they have us by the balls because if they stay they’ll bleed us dry do either way we are fcuked
*What a devastating blow to Chancellor Rachel Reeves!*
~~The Daily Heil
Either someone is coking the books or the USA is wall and truly screwed.
Because for a lot of people, things do not feel like they are going well at all