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Post by wapentake on Aug 20, 2024 19:59:05 GMT
Yes - and THAT growth was based almost entirely on the service sector, which is not good, for real and genuine growth to make a difference, we need growth in all sectors, but particularly in industrial production. Manufacturing and construction saw a fall in growth over the same period And millibean wants to price industry out of any affordable energy |
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Post by Pacifico on Aug 20, 2024 21:29:11 GMT
JP Morgan bumped up their growth forecasts for the UK economy in the third quarter of this year following last week’s GDP figures. The investment bank now expects the economy to grow 0.4 per cent between July and September, up from a previous estimate of 0.3 per cent. This equates to an annualised growth rate of 1.5 per cent. what happened to Mrs Reeves complaint that the Tories had handed over the worst economic legacy since WW2? - compared with the rest of Europe we are growing well. |
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Post by Totheleft on Aug 21, 2024 3:39:06 GMT
JP Morgan bumped up their growth forecasts for the UK economy in the third quarter of this year following last week’s GDP figures. The investment bank now expects the economy to grow 0.4 per cent between July and September, up from a previous estimate of 0.3 per cent. This equates to an annualised growth rate of 1.5 per cent. what happened to Mrs Reeves complaint that the Tories had handed over the worst economic legacy since WW2? - compared with the rest of Europe we are growing well. Yes but not has well has poland and Lithuania under the Tories lol |
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Post by steppenwolf on Aug 21, 2024 6:09:03 GMT
Yes - and THAT growth was based almost entirely on the service sector, which is not good, for real and genuine growth to make a difference, we need growth in all sectors, but particularly in industrial production. Manufacturing and construction saw a fall in growth over the same period And millibean wants to price industry out of any affordable energy Net Zero is the biggest recessionary force of all. It was oil that brought us prosperity by giving us cheap reliable energy. The climate change disinformation was designed specifically to destroy Western economies. Reeves seems to have adopted every recessionary policy in the book. |
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Post by Totheleft on Aug 27, 2024 16:24:37 GMT
The UK currency rose 0.4pc to $1.3237, making it the best performing G-10 currency.
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Post by Totheleft on Aug 27, 2024 17:41:05 GMT
Shop prices fall for first time in almost three years
Shop prices have fallen for the first time in nearly three years as the inflation crisis fades.
Prices were 0.3pc lower in August than a year earlier, according to research by the British Retail Consortium (BRC) and Nielsen IQ.
This is down from a rise of 0.2pc in the year to July and comes as families’ spending power finally starts to recover after the cost of living crisis.
Things are looking up for the British economy
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Post by Bentley on Aug 27, 2024 18:34:12 GMT
Shop prices fall for first time in almost three years Shop prices have fallen for the first time in nearly three years as the inflation crisis fades. Prices were 0.3pc lower in August than a year earlier, according to research by the British Retail Consortium (BRC) and Nielsen IQ. This is down from a rise of 0.2pc in the year to July and comes as families’ spending power finally starts to recover after the cost of living crisis. Things are looking up for the British economy Lol Non-food items led the deflationary charge, falling 1.5% in August, further down from -0.9% in the preceding month. This is below the three-month average rate of -1.1%. Inflation is at its lowest rate since July 2021. "This discounting followed a difficult summer of trading caused by poor weather and the continued cost of living crunch impacting many families," said BBRC CEO Helen Dickinson. uk.finance.yahoo.com/news/shop-prices-fall-retailers-slash-summer-stock-050009480.html |
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Post by Vinny on Aug 27, 2024 19:33:14 GMT
You haven't addressed my point leftie so let me make it simpler.
Cut the public sector, grow the private sector.
Cut taxes on the poorest, cut taxes on small and medium enterprises.
Abolish VAT, it is a regressive tax.
VAT registered businesses claim back VAT anyway and so they do not pay that tax, the ordinary people pay it.
Cut taxes on pub served alcohol whilst introducing an off licence tax adding 50p to each can of off licence sold beer, including alcohol free.
Mandate that Sky and BT Sport offer subscriptions to pubs of no more than £50 per month.
Support the hospitality trade and stop pub closures.
Bring the cost of a pub served pint back to £3.00.
Get people socialising again.
Pubs are the social hubs at the heart of communities.
Happier communities are less likely to riot.
Cut the cost of living.
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Post by witchfinder on Aug 27, 2024 21:02:19 GMT
JP Morgan bumped up their growth forecasts for the UK economy in the third quarter of this year following last week’s GDP figures. The investment bank now expects the economy to grow 0.4 per cent between July and September, up from a previous estimate of 0.3 per cent. This equates to an annualised growth rate of 1.5 per cent. what happened to Mrs Reeves complaint that the Tories had handed over the worst economic legacy since WW2? - compared with the rest of Europe we are growing well. Its not a lie that there's no money, even though it is true that there has been an improvement in growth in the second half of this year, after years of poor growth. Revenue does not instantly flow into the Treasury the moment that growth improves, it lags, and it takes time, but that growth must be sustained and must continue. The amount of revenue required to (A) repair the departmental shortfalls and (B) repair the damage and lack of investment in our NHS and other public services is colossal, its a monumental task, and I am certain that a lot of voters will be willing to support some tax rises to put the NHS back to where it was in 2010. |
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Post by Vinny on Aug 27, 2024 21:05:50 GMT
Long term financing of public services can only be possible with a prosperous private sector, rather than a taxed to death private sector.
It is business that generates tax, and the public sector which soaks it up, and unfortunately, the country is also in debt so taxes are drained by repayments of debt as well.
We have to as far as possible work towards a situation where the economy is in surplus, rather than deficit, and the debt repayment costs fall.
That way, the public sector can be sustained without huge burden on the taxpayer and we can all enjoy lower taxes.
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Post by Pacifico on Aug 27, 2024 21:09:36 GMT
what happened to Mrs Reeves complaint that the Tories had handed over the worst economic legacy since WW2? - compared with the rest of Europe we are growing well. Its not a lie that there's no money, even though it is true that there has been an improvement in growth in the second half of this year, after years of poor growth. Revenue does not instantly flow into the Treasury the moment that growth improves, it lags, and it takes time, but that growth must be sustained and must continue. The amount of revenue required to (A) repair the departmental shortfalls and (B) repair the damage and lack of investment in our NHS and other public services is colossal, its a monumental task, and I am certain that a lot of voters will be willing to support some tax rises to put the NHS back to where it was in 2010. Well take this £20 Billion 'black hole' - £9 Billion of that is down to Starmers above inflation, unfunded, increase in Pubic \Sector salaries. Anyway any growth is going to be minuscule as Rachel Reeves is currently scaring off investment with her refusal to rule out increases in Capital Gains Tax. You cannot tax your way to higher growth. |
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Post by Vinny on Aug 27, 2024 21:16:21 GMT
Its not a lie that there's no money, even though it is true that there has been an improvement in growth in the second half of this year, after years of poor growth. Revenue does not instantly flow into the Treasury the moment that growth improves, it lags, and it takes time, but that growth must be sustained and must continue. The amount of revenue required to (A) repair the departmental shortfalls and (B) repair the damage and lack of investment in our NHS and other public services is colossal, its a monumental task, and I am certain that a lot of voters will be willing to support some tax rises to put the NHS back to where it was in 2010. Well take this £20 Billion 'black hole' - £9 Billion of that is down to Starmers above inflation, unfunded, increase in Pubic \Sector salaries. Anyway any growth is going to be minuscule as Rachel Reeves is currently scaring off investment with her refusal to rule out increases in Capital Gains Tax. You cannot tax your way to higher growth. Exactly, it's like trying to spend your way out of debt. Scrap VAT. Cut the burden on the taxpayer. Get ordinary people back on their feet. Raise the capital gains tax threshold to £1m.
Do everything I've said above too.
Close tax loopholes in football.
There's allegedly over 300 players involved in tax avoidance schemes according to a quick google.
Introduce a 50% rate of tax on committed communists joking, it wouldn't make any money.
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Post by witchfinder on Aug 27, 2024 22:04:20 GMT
Its not a lie that there's no money, even though it is true that there has been an improvement in growth in the second half of this year, after years of poor growth. Revenue does not instantly flow into the Treasury the moment that growth improves, it lags, and it takes time, but that growth must be sustained and must continue. The amount of revenue required to (A) repair the departmental shortfalls and (B) repair the damage and lack of investment in our NHS and other public services is colossal, its a monumental task, and I am certain that a lot of voters will be willing to support some tax rises to put the NHS back to where it was in 2010. Well take this £20 Billion 'black hole' - £9 Billion of that is down to Starmers above inflation, unfunded, increase in Pubic \Sector salaries. Anyway any growth is going to be minuscule as Rachel Reeves is currently scaring off investment with her refusal to rule out increases in Capital Gains Tax. You cannot tax your way to higher growth. Public sector workers would have got a pay increase of some kind, even if it was another below inflation increase as awarded by the Conservatives, so this assertion is a bit of a red herring. The Chancellor is not aiming to encourage growth by increasing taxes, she will increase taxes in order to plug the huge gaps in departmental funding shortfalls. The UK rate of CGT and Corporation Tax is low and there is room for increase without damaging the economy |
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Post by Bentley on Aug 27, 2024 22:09:19 GMT
Steamers going to,soak the rich ( definition of rich…not poor) and bend over to the public sector unions .
Expect fireworks in 2025.
I’m just glad I gave my kids loads of money and equity to the kids a few years ago.
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Post by steppenwolf on Aug 28, 2024 5:52:29 GMT
The UK currency rose 0.4pc to $1.3237, making it the best performing G-10 currency. Our exchange rate is driven by short term bets made on the exchange market by Forex traders. A higher exchange rate doesn't necessarily indicate a better economy - in fact it often means the opposite. China deliberately holds down its exchange rate to benefit the economy. |
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