📉 Britain’s economy shrank in October, official figures show, days after Sir Keir #Starmer watered down manifesto pledges on growth. Gross domestic product (#GDP) contracted by 0.1pc during the month, according to the Office for National Statistics (ONS), following a 0.1pc decline in September. Analysts had expected that the #economy would begin the fourth quarter of the year with growth of 0.1pc. In the month where Labour marked its first 100 days in office, #Britain's dominant services sector showed no growth, with the production and construction industries both contracting. Read more here ⤵️ https://lnkd.in/gDgkYqUy
Well the man is an abject failure on many counts, but he continually talks the UK economy down. I've heard so many complaints and criticisms of this and comments from EU colleagues. They think it's amusing and sad that the man whines and whinges with his nasally challenged rhetoric and does nothing to make any potential investor think it's worthwhile. All a complete shower. As for Angela Raynor who was asked 8 times in an interview last week, 'What companies are supporting their policies...' and couldn't actually name one, retorting with, 'Oh there are so many we're talking to... it's impossible to remember them all..' Yep. I am asking for one. Apparently, she also said three days ago, 'there are lots of vacant properties and plenty of housing we can use' and eleven seconds later, 'We have a housing shortage...'. They really are a complete joke.
This is what happens when you take the country down a socialist drain.
Sadly nobody in the cabinet made it past the infants Socialist economic class. Businesses run on confidence and cash. Two examples, a small family run plastics company I know have experienced a £50k increase in taxation. The business owner said to me that they have major contract reviews in April, if they ask for price increases, the customers will move production to China. A larger business told me the budget increases amounted to £200,000 for them. They are looking to cut head count and will recoup the remainder from the next pay review. Will those businesses invest in new equipment, I doubt it. Confidence and Cash. The worst government ever.
The governments budget clearly stated that no one in the labour party had employed anyone and that none of them have had anything to do with running a business. Im told its to help the world economy but to be able to hold our own in that we have to be in a strong financial position , unfortunately i see us being supressed by these decisions not flourishing. It would be great to find a government that put britain first for a change
Jahred L.
1w
Labour simply aren't qualified to govern a country. Can we have the grown-ups back, please? #ReformUK anyone?
If you really believe that the shrink of UK economy is due to a goverment less than a year in charge, you are either naive or dangerous. The UK financial collapse is overdue way some years now by the Torries. They destroyed the import/export balance with Brexit, they ruined the immigration system, they ravaged real estate and freelancers, they voted for Trush. Now is just pay off time, but surely it must be the Labor’s fault.
Their socialist ideology continues at pace at the expense of 'Great' Britain and it's hard working people.
Dean Kelly
6d
He’s actually done well, he was given a plan by Davos elites to execute, passed the Uniparty torch by Rishi and delivered on this plan everyday. Setting out to crush the economy, increase unemployment, usher in full central planning, push faux climate science to increase taxation and borrowing to pay corporations and bankers, fund a proxy fraud war, depopulate starting with the old, accelerate displacement-replacement for UN, remove British incumbents liberties, take control food supply chains, flood crops and spray toxins to damage health, get defra to add sterilising bovaer to dairy to reduce health & fertility, collapse NHS to finally handover to Banks & US insurers, destoy green belt for corporate home builders to make more coin and increase immigration, chop down carbon capturing trees for useless windfarms & solar panels so Bill Gates gets richer and increase BIG Government from socialist to communist levels. Well, TBF to Stalin-Starmer he is bang on track.. he was given orders and he’s following to the letter!👏🏼
Nick Walker
6d
Well no surprise there. If the government goes after businesses and increase its cost base, it's bound to impact investment, which will slow or impede growth.
Headmaster, Clifton Hall School; Managing Director, Anthony Millard Consulting
1wSurprise, surprise. The economy is built on business. If you seek to destroy business by placing ever-increasing tax burdens on it, business will cut jobs, stagnate workers' wages and not invest in expansion. When you have a Treasury department devoid of business experience what would you expect...?