Britain is on the brink of a recession after official figures were revised to show zero growth in the third quarter of the year and living standards fell, with Rachel Reeves’s horror Budget blamed. The Telegraph has more.
Growth from July to September was revised down from 0.1% to zero, new figures from the Office for National Statistics (ONS) showed. Living standards also fell.
The U.K. and Italy were the only G7 countries to register no growth during that time, performing worse than rivals such as Germany, France and the U.S.
With the economy at risk of contracting in the final three months of 2024, it means Britain is close to experiencing the first of two consecutive quarters of negative growth that define a technical recession.
Rachel Reeves, the Chancellor, said in response to the bleak figures that they were only “fuelling our fire to deliver”.
She said: “The challenge we face to fix our economy and properly fund our public finances after 15 years of neglect is huge.”
She added: “But this is only fuelling our fire to deliver for working people. The Budget and our Plan for Change will deliver sustainable long-term growth, putting more money in people’s pockets through increased investment and relentless reform.”
The disappointing revision comes after the U.K. economy contracted in October, suggesting it remains smaller than before Labour took power.
Ms. Reeves has been accused of crushing confidence after she repeatedly warned of the challenges faced by the country and imposed a record £40 billion tax raid in her first Budget.
Top recruiters including ManpowerGroup and Adecco have warned that Britain is in a “hiring recession”, while a survey by the Confederation of British Industry found that businesses expect to cut down on hiring, reduce output and deal with higher prices in the first three months of 2025.
Andrew Griffith MP, Shadow Business Secretary, said: “Labour have really killed, plucked and cooked the U.K. economic goose. A summer of trash talking the economy, an autumn tax-hiking budget and now a winter of discontent with a recession a distinct possibility. The Chancellor must urgently change course.” …
The figures also imply that living standards worsened in the year to July to September, with GDP per head falling by 0.2% rather than remaining flat as initially believed.
The numbers suggest that the economy is failing to keep pace with population growth. Net migration has soared to new records in recent years and has only just started to decline.
The fall in living standards may well be revised lower still, as the ONS will update its population estimates in January.
Worth reading in full.
Stop Press: The petition calling for another General Election “because the current Labour Government has gone back on the promises it laid out in the lead up to the last election” has now passed three million signatures. Parliament will debate the petition on January 6th, though despite the auspicious timing I doubt we can expect any kind of epiphany from Two Tier Keir about why it’s all going so very badly for him.
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Now let’s contrast this comical farce to the crimes that evil gnome Fauci actually did commit, as per the previous article on here. Because if there were any justice, *that* should’ve been your ”trial of the century”. But as I’m sure we all know, hell will freeze over before he sees the inside of a prison cell. A bit more dirt on Mr Untouchable. No wonder he always comes off as so chuffing arrogant;
”During the pandemic, the American people started to feel that Big Government was very cozy with Big Pharma.
Now we know just how close they were.
New data from the National Institutes of Health reveals the agency and its scientists collected $710 million in royalties during the pandemic, from late 2021 through 2023. These are payments made by private companies, like pharmaceuticals, to license medical innovations from government scientists.
Almost all that cash — $690 million — went to the National Institute of Allergy and Infectious Disease (NIAID), the subagency led by Dr. Anthony Fauci, and 260 of its scientists.”
https://nypost.com/2024/06/02/opinion/nih-scientists-made-710m-in-royalties-from-drug-makers-a-fact-they-tried-to-hide/
It was a sham trial from the very beginning but it will backfire on corrupt Biden. If America wants to see a genuine lifelong criminal they only need to look at the White House and take a glance at Ukraine and his sons laptop.
I hope Trump takes the pair of them to Court and slams the door behind them. Then again, Trump isn’t Biden so will just get on with the job he will, once again, be elected to do.
I’m not a mad fan of Trump but Biden is a corrupt man and long has been, his son is arguably worse. I recall the laughably named Democrats calling Trump a Warmonger. Trump never fired one shot. Biden started firing 30 days into his corrupt “Presidency”. He never did explain why, in some places, there were more votes than constituents.
That’s the left for you. Always accusing other people of being what they themselves are.
I hold no remit for Trump but honestly it will be worth seeing him re-elected just for the reaction. Since his conviction, his campaign (which I’m sure he has plenty of money to fund himself) has apparently been receiving millions in donations from the ‘little people’ incensed at what they have seen happen.
I hope it back fires but the NPC mob will believe anything Biden says.
I hope he fires back at those jibes from De Nero. He seems to be living up to his character in ‘Meet The Fockers’, a stooge for the military industrial complex.
So far, my experience has been that those who are happy that Trump has been convicted or don’t mind because they don’t really like him will not be able to explain what he has been convicted of. They can’t explain any of it. They are basically NPCs that have heard the sound bites about Trump being charged and convicted and act accordingly in strict NPC fashion.
Those who understand what has happened are horrified and very very worried.
That said, it’s not the worst thing that has happened in US presidential history. John Kennedy was murdered in what amounted to a coup. And his brother Robert also when he was about to become president. The US is still a bit rough around the edges when it comes to regime change. Not like the UK where they can depose not one but two Prime Ministers in a matter of weeks and it all looks like it’s been done by the rules.
Agree entirely but Biden is mad, deranged and senile. The fact he’s about to die makes him more dangerous than the average Potus.
Worse, I think he is surrounded by people pulling his strings who are actually wicked.
Guilty of spoiling the Liberal Progressive, One World Government, Climate Change Party, where the commies get to divvy up the planet while pretending they are saving it. They cannot have Trump coming along and withdrawing from any more climate treaties. In the sixties he would have been shot in his Lincoln Continental, but these days they gotta be a bit more subtle about it.
As the Babylon Bee put it: Donald Trump found guilty of being Donald Trump.
https://www.globalresearch.ca/trump-verdict-us-civil-war/5858746
A good article from Global Research confirming Paul Homewood’s interpretation. An interview with the gorgeous Megyn Kelly also embedded.
This appalling abuse of the justice system really does put the USA on a par with Bannana Republics. How could they be so crude as to find The Donald guilty on unproven charges? Hopefully this doesn’t set the precedent for other Western nations although in our case we certainly are pushing the boundaries.
As Mark Steyn puts it. it is worse than a banana republic. This is not some backwater, this is supposed to be the helm of the free World.
I heard that the prostitute Stormy was calling for him to be jailed immediately. They must be getting desperate. Was he that bad a fu@k, I mean, she already got paid I assume the first time, and then after for hush money. That is one expensive prostitute. Go to Thailand and you will get a much better deal.
“Trump never fired one shot. Biden started firing 30 days into his corrupt “Presidency”…
And the American MSM, which along with BBCs Trusted News Initiative, must be busted up as illegal info monopoly and racket, began calling for his Impeachment literally on his 2017 Inauguration Day.
http://www.washingtonpost.com/news/post-politics/wp/2017/01/20/the-campaign-to-impeach-president-trump-has
Some simple facts to remember — It is a Democrat State — and a Democrat judge who is on record wanting to take him down with a daughter that sells merchandice in the downfall of Trump. Only in America as they say!
“ But astonishingly, here in Britain the media almost to a man has ignored them all and instead lazily assumed that Trump must have committed a crime.”
I don’t find that at all astonishing. Almost everyone I know dislikes Trump, thinks he is dangerous or a fascist or something- I doubt any of them could name a single policy decision of his though. Even people I know who probably vote Tory here view him with disdain, probably not smarmy enough and too brash, not at all “respectable”.
Make no mistake. God sent President Trump