UK Economy Bounces Back

Germanshepherdsmum

Investment by a government for economic growth is of course a good thing if it can be afforded without driving away private investment through high taxation wwm.

Do you see the two as being linked? I’m not clear how you assume that investment for growth equals higher taxation.

It has never done so in the past.

Investment by a government for economic growth is of course a good thing if it can be afforded without driving away private investment through high taxation wwm.

Pensioners are going to be one of the worst hit, particularly after the cessation of the triple lock.

There will be deaths from fuel and food poverty, and most certainly worsening health outcomes.

Yes, economic growth is generally good but from an individual perspective the key issue is the cost of living which is rising fast with inflation, energy prices, transport costs and some extra red tape as a result of Brexit. Remember inflation in the 1970s hit over 14% (perhaps as much as a 22% spike) which impacted badly on fixed income pensioners.

Sorry, I meant taxation doesn't precede spending.

Incidentally, spending always precedes taxation. It doesn't fund it. With low interest rates, there is no reason why government spending ever needs to be "repaid". It's a number on a balance sheet - nothing else.

Germanshepherdsmum

We know that technically the country can’t go bankrupt growstuff. But Labour would spend very heavily and of course the taxpayer - individual or corporate - must foot the bill. High taxes don’t attract investment from people and companies which produce jobs.

So why use the word "bankrupt"?

Germanshepherdsmum

We know that technically the country can’t go bankrupt growstuff. But Labour would spend very heavily and of course the taxpayer - individual or corporate - must foot the bill. High taxes don’t attract investment from people and companies which produce jobs.

What is your opinion of investment for growth by a government?

We know that technically the country can’t go bankrupt growstuff. But Labour would spend very heavily and of course the taxpayer - individual or corporate - must foot the bill. High taxes don’t attract investment from people and companies which produce jobs.

No, Maudi and Germanshepherdsmum, it is impossible for a sovereign currency-producing economy such as the UK has to go "bankrupt". In any case, the current Conservative government is doing worse on most economic indicators than any Labour government ever has.

Well the Tories can dish out billions to their chums, spend on vanity projects and expensive lunches, diminished the economy by their disastrous Brexit, lied and failed to fulfil their promises- yet they are “trusted”. Some people really have drunk the kool aid.

All I can say is Yipee!

Shame that most people will not be able to afford to enjoy it !
Having to struggle for some people to put even the basics of food on the table or even pay for utilities so they can afford to have heating on for more than a couple of hours a day or even electricity or gas to cook meals, I am sure that they will be absolutely thrilled at the news !

That is a myth put out by the Tories. Once this established propaganda is understood for what it is, the voter will begin to understand the facts.

In fact the economy performs no better under the Tories than Labour, and by some measurements it performs much better.

My goodness maudi what a horrendous thing to say rather someone with no qualifications who went to a state school than a lying, conniving, Etonian who will ruin the country for his own importance and greed You ve just written off so many people including the BIG businessmen like Richard Branson , lord sugar etc etc
But what else would we expect

Labour would indeed bankrupt the country. They have form.

Labour would bankrupt the country. Angela Rayner the Deputy Leader who left school with no qualifications God forgive if she had any say in how the country was run and the memorable photo shoot of Rayner and Starmer kneeling for BLM bet that went down with the silent majority not. Do you remember the last time Labour were in charge there's no money left note.

Germanshepherdsmum

So where will he get the money for all this?

The same place that the Tories got £37billion.

So where will he get the money for all this?

Cunco

We need not worry about the future. Kier Starmer has just told us that his 'contract with the British people will build a new Britain which guarantees families, businesses and pensioners the security, prosperity and respect they deserve.' No ifs and buts or Ts & Cs, future guaranteed! I will sleep easy in my bed now.

Keir ( just saying….)

I’d certainly sleep a lot easier in my bed.

We need not worry about the future. Kier Starmer has just told us that his 'contract with the British people will build a new Britain which guarantees families, businesses and pensioners the security, prosperity and respect they deserve.' No ifs and buts or Ts & Cs, future guaranteed! I will sleep easy in my bed now.

What kind of profit is Specsavers making?

It wouldn't surprise me if they're doing really well.

Urmstongran

This thread won’t last long. There’s not enough bad news to feast on. The UK doing well? ?

Time for you to throw some fresh meat out there ?
Be kind, give them something to gnaw on.
I’m reminded of Monty Python ( again)
^When chewing on life’s gristle, just give a little whistle^?

One reason for the foreseen slowdown will be the lack of disposable income as people try to cope with the cost of living rises.

"UK on course for weakest growth in rich world in 2023 despite rapid bounceback from Covid recession"

inews.co.uk/news/politics/economy-uk-weakest-growth-rich-world-2023-bounceback-covid-recession-1456034