Economia del Regno Unito Flatline a luglio a Grim News per Rachel Reeves
https://www.theguardian.com/business/2025/sep/12/uk-economy-flatlines-july-grim-news-rachel-reeves
di Superbuddhapunk
Economia del Regno Unito Flatline a luglio a Grim News per Rachel Reeves
https://www.theguardian.com/business/2025/sep/12/uk-economy-flatlines-july-grim-news-rachel-reeves
di Superbuddhapunk
22 commenti
Even when the economy grows the headlines say its bad news for Rachel Reeves.
In a blow to Rachel reeves, what’s funny the UK has been plagued by anaemic growth for years, its not like labour could ever fix it in a year or 5 years. I think it’s an absolute pipe dream that we become some powerhouse again, we are a gloried retirement home, all our money is spent on pensioners and the NHS. Stagnation is the future for the UK.
>It does not matter how many relaunches and flip-flops he does—he will always be Mr Nobody. Here is the tragedy of his leadership: he spends the whole time trying to convince people not to believe their own eyes, pretending that debt is falling, the economy is going gangbusters and the NHS is in great shape … when is he going to stop pretending that up is down and black is white, and admit that whether it is on the economy, immigration or the NHS, he has failed?
– Keir Starmer … last year about Rishi Sunak
Zero growth, are we in stagflation?
We’ve been on borrowed time since 2008 it’s clear
I have little doubt on top Labour leadership sincerity in growing the economy, but the words just don’t match the actions. I applaud the higher capital spending, but the planning bill is still months away, and really all I know what the Labour government has done is raise taxes, tried but failed to cut benefits, and…that’s it? Perhaps a PR problem too because nothing else comes to mind.
18 years of flat growth. France has the same problem, other advanced economies like Germany had a good bout in the early 2010s but now have long running flat growth.
Britains “labour productivity” has only growth 10% in the past 18 years. That is every hour a person works they generate 10% more value. This has all been swallowed up by the huge increase in tax to pay off the massive rise in debts, the increase in pensions and health costs, plus the big surge in inflation on goods especially energy.
The GDP going through the state has shot up massively, yet we are still in a spending deficit with debts rising so going up and being hugely vulnerable to increases in borrowing costs.
Reeves though the promise of a housing boom would unlock investment capital. That promise is not happening. There is no plan b and no one seems to have any solution beyond “tax the rich” as if the country had gotten wealthy in the past 18 years, it has not. The same with “tax cuts” Osborne and Truss tried this. It did not develer growth but will cause a big shrinking in state economic activity.
The loss of manufacturing to China and other developing countries and high end tech to the US has shrunk the space for the UK and other advanced economies. We need a cold hard honest conversation that without sustained growth in productivity we are headed to more decades of the same.
More brits spend their money abroad in the summer months, surely, so I don’t think this is entirely unexpected.
Nobody has any money due to stagflation. Businesses are struggling through the consequential reduced consumer spending. High interest rates make borrowing expensive for everyone.
It isn’t hard to see the problems. Inflation was (arguably still is) a massive issue and the measures introduced to bring it under control have been akin to chemotherapy for the economy and by extension wider society.
When 14 years of blue and now 1 year of slightly blue-ish red results in basically no growth at all, you can understand why people say “we’re fucked”
Take money off people, they dont spend… madness eh?
This is worse than truss economy and thats saying something wow
It’s been flatlining since the financial crisis in 2008. Nothing new.
There’s plenty of money in the UK economic system, the problem is it’s increasingly concentrated into too-few hands. Growth in the economy just means more profits for the wealthy few with a few crumbs doled out to ordinary people and a stagnating economy just means the wealthy sit on their hoarded wealth. This cycle is yet another example of the failure of trickle-down economics. A percentage point of growth in either direction means absolutely nothing to ordinary people. The fundamental inequality of the economic system isn’t being addressed.
She will defo be cutting ISA allowance. And i reckon she ll do some sort of SDLT cut. Personally I want to see her follow through with cutting SDLT & Council tax and replace with fairer local and national tax, actually one of the better ideas that I think has been well received by majority of the public.
Every month manufacturing seems to dip slightly. High energy prices and other crazy state policies are choking our economy and taking jobs with it
Roughly 25% of working age people are on benefits, and about 20% of new cars are bought on motability.
Middle to higher earners have been completely battered to pay for this – tax bands keep being frozen while cost of living spikes – people cut hours/days, don’t chase promotions or retire early as it’s not worth it.
The solution of course will be to tax mid-to-high PAYE more, and drive productivity down even further.
I wonder why the government gets surprised. We had/having brexit, runaway inflation and people in debt up to their asses now having had to deal with high interest rates for years now that seem too slow to come down even though the cause of the inflation has little to nothing to do with anything that high interest rates can fix but at least the banks are happy.
Most people cannot keep living like this in the long term and our governments current and recent past have been too busy with ideology and looking after their own, they seem to lack the mental tools to fix the situation because it’s going to piss of big businesses and they all seem scared of them.
Any government that thinks more taxes or cutting welfare will fix the problem shouldn’t be in government.
People need to accept that this is the end of the UK, and there is no hope. No matter how many reshuffles we get, no matter if it’s Labour, Cons, Reform. There is no hope saving the UK. It’s like when cancer reaches a stage, there is no coming back from it. And that’s exactly what happened to the UK.
Ive moved away from thinking how things can get better, rather than this im looking to see how much I can extract from this country when it comes to making money and move on when things get worse and worse. My parents came here as immigrants, and im not loyal to any country. All I care about is my comfort and my families comfort. I’ve decided that once both my kids finish primary school, I will jump ship and move to a cheaper country. I may as well make use of free primary education for my kids as I have been paying tax all this time. My industry in IT is collapsing and probably has a few years left, so the timing is perfect.
In addition racism is also increasing, so it may no longer be safe for me and my family. So that’s another factor, and the timing feels perfect to leave.
By that time, I would have 2 paid off houses which i solely own and a 3rd house I have invested in via partnership. My plan is to rent these houses out and live in a cheaper country in comfort. Basically further extracting money out of this country. Ill come back to this country to use the NHS from time to time
God this is poor economic journalism
Can they not employ someone who knows even a little bit about the subject
I don’t get this fascination with looking at month to month economy changes, surely it’s better to look at the bigger picture?
I know that growth in July was literally flat, but ‘flatline’ has another very different meaning than just being flat. I expect the Guardian are click-baiting again.
Sooner or later a UK Government will need to bin the Triple Lock Pension. It is completely unsuitable and like a giant anchor.
The sooner a Government grows a pair and gets it done the better for everyone