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Who do you believe: Sunak or the IMF?

(206 Posts)
CvD66 Tue 31-Jan-23 12:57:46

The IMF have identified that the UK is the only G7 economy to shrink in 2023, falling behind even Russia.
A leading Tory boss calls Brexit a ‘complete disaster’ and was ‘total lies’ claiming Johnson threw the NHS under the bus.
Today’s business reports include a 4% shrinkage in long-run productivity relative to remaining in the EU, (the Office for Budget Responsibility), inflation and energy prices higher than in the EU, trade has fallen by almost a fifth. Brexit has raised food prices by 6% says the LSE. Yet Sunak tells us to rely on trade deals where we’ve sold our farmers down the river (Australia) and will raise GDP by less than 0.1% a year by 2035! He refers to Freeports as a Brexit advantage, yet UK had 7 Freeports in 1984 and chose to phase them out in 2012!
With business going under due to huge staff vacancies, since we lost many EU employees and key industries like social care and hospitality struggling to cope, future growth will continue to be jeopardised!
Will the May Elections be when this country wakes up and acts?

growstuff Sat 04-Feb-23 19:31:11

Wyllow3

I believe this to be true, tho I have only knowing people evidence: and I'm talking people at the bottom of the "heap" not actual figures.

I don't condemn those people as a whole group, some individuals are acting in what is a criminal and damaging way (especially where illegal drugs are involved: others, just trying somehow or other to get by.

Question is, how to approach this? what are the causes? How to reach the desperate "trying to get by's" and lift them out?

But it's not true! People might survive from dealing on the black market, but they still pay tax, whether they like it or not.

Wyllow3 Sat 04-Feb-23 19:39:14

Oh, yes, that's true, you can't be totally out of it just chunks. Relative to lifestyle.

Wyllow3 Sat 04-Feb-23 19:41:45

I'm thinking *growstuff" of the "swap" economy, also ease of purchase of some illegal goods. But lots of dangers for the vulnerable, ie if you "owe".

growstuff Sat 04-Feb-23 19:54:19

Of course it's possible to escape some forms of tax. People in babysitting circles do it all the time. However, it really is impossible in the UK to escape paying some form of tax, which is why we are all taxpayers, even pensioners surviving on the basic state pension.

ronib Sun 05-Feb-23 07:39:27

Growstuff I can’t understand where your argument is going. Pensioners surviving on the basic state pension are entitled to a number of benefits as you must know. Have you costed this in ?

Also there are a number of ways not to pay vat legally. Use a home hairdresser and there’s no vat because business receipts below £85k are vat exempt for example. Same applies to cleaners.

Use a library and save on the cost of books and newspapers. Use your oap bus pass and in London a freedom pass for free travel so no vat on fuel, cars, car maintenance and no road tax. Walk if still possible.

Given the growing ageing population, the exodus of young talent and having lived through a two year pandemic plus now a war with Russia on the horizon, it’s going to be interesting.