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    1. Background_Row5869 on

      No surprises there. Job vacancies are at their lowest since 2014.

      Turns out hiking taxes on employment and investment has consequences.

      Also people are absolutely broke with little to no disposable incomes. People’s necessary costs to live have all gone up by a minimum of 30%.

      Downvoted because hurty words about Labour’s economic policies

    2. Weird-Statistician on

      The NI hike is the single biggest anti growth policy Labour came up with. All because of stupid promises not to mess with corporation tax. Tax profits not jobs.

    3. regprenticer on

      Also reported this morning is the widest trade deficit ever recorded by the ONS (according to BBC radio news) with trumps tariffs reducing UK exports AND causing cheap imports to begin to be dumped into the UK.

    4. Regardless of the cause of the downturn, almost everyone is struggling financially. If most of the people I know are spending significantly less on food, material goods, and services, then the issue still extends further than the car manufacturers and stamp duty.

      IMO, what currently has a chokehold on the economy are energy prices, rent prices, and stagnant wage growth. Every year it seems like a higher percentage of the shops in my local town are boarded up vacant.

    5. I’ve been away from the UK for the last 15 years. In Sydney right now. What’s exactly going off over there?

      Reading a lot of doom posts but never know what’s real/fake these days. Saw some Youtubers walking about some abandoned high streets a few months back, seemed pretty grim but again it’s hard to get a clear idea.

      My family seem happy enough when i ask them but they live in a bubble.

    6. Monthly reports are silly. They always bounce between positive and negative. 

      Quarterly and semi reports give you much better picture of progress. 

    7. shrbdkofjjrjrn on

      Is this so strange, though considering tariffs and NI rises? I’m surprised it’s only going back 0.3%. GDP still grew 0.7% in Q1.

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