UK’s economy shrinks 0.1% in October.
Result of Labour following Tory policies, eroding people's purchasing power.
Real wage cuts
Benefit cuts
No curbs on profiteering
Graduate debts
Poor taxed more than the rich
Lack of skilled jobs
Govt must change policies
https://www.theguardian.com/business/2024/dec/13/uk-economy-october-gdp
Result of Labour following Tory policies, eroding people's purchasing power.
Real wage cuts
Benefit cuts
No curbs on profiteering
Graduate debts
Poor taxed more than the rich
Lack of skilled jobs
Govt must change policies
https://www.theguardian.com/business/2024/dec/13/uk-economy-october-gdp
Comments
Im told that in the past our company gave everyone a Christmas bonus, which helped boost the local economy, not anymore!
From the CBI in June this year 👇
https://www.cbi.org.uk/media-centre/articles/the-uk-economy-is-picking-up-steam-but-more-needs-to-be-done-to-achieve-sustainable-growth-cbi-economic-forecast/
https://www.bbc.co.uk/news/articles/clmmvnpr8n8o
The extremely wealthy do not pay taxes, even at the rate of the least well off
International companies and majors get so much tax relief and utilise so many tax breaks that they avoid paying taxes
All governments fail
It's rachael from accounts and a horrendous budget ..by your labour cronies
Wtf are you smoking
Austerity...😂 go away
We never had lockdown or covid did we...
Economies perform better in countries which don't abuse trans kids. Just saying.
They've implemented tax changes aimed at companies, boosted pay for millions in the public sector and given small companies tax relief.
One caveat - GDP is not a measure of how well a party is governing, but even under most other metrics, Labour is making no difference.
Whilst I don't agree with some of Labour's policies, I do recognise that it takes time for many budget decisions to have a positive effect. Short-term thinking is damaging British politics.
I work with scale ups and SMEs and while we’re coming up with strategies to ride whatever comes next and grow, I’m shocked at how many are offshoring/investing in AI - revenue that ultimately ends up abroad.
One year I earned just £50 more than the previous and last year (the one with the massive inflation and cost of living crisis) I was over £200 less than the year before.
Those are real wage cuts, with derisory pay increases, private sector.
And probably a big slice more for the civil list for the Royal mob.
Labour are as clueless as the Tories regrettably
Classic!!!
has still fallen despite us importing more labour
Turns out a summer of trash talking the economy and negative rhetoric before a growth sapping budget did nowt for confidence.
https://www.cbi.org.uk/media-centre/articles/the-uk-economy-is-picking-up-steam-but-more-needs-to-be-done-to-achieve-sustainable-growth-cbi-economic-forecast/