Britain’s economy will be closer to Guyana than the U.S. in a decade’s time as Sir Keir Starmer fails to meaningfully boost living standards, economists have warned. The Telegraph has more.
The Centre for Economics and Business Research (CEBR) has predicted that Britain’s growth in GDP per head – a proxy for living standards – will be among the weakest in the G7 over the next five years, trailing the US, Japan, Italy and Germany until the end of the decade.
Ranked in cash terms, the UK is on course to remain in 22nd place for GDP per head in 2029 as it is overtaken by both the UAE and Malta.
By 2039, UK GDP per capita is expected to be $86,141 (£68,800), pushing the UK up one place in the global league table. However, this is expected to be closer to Guyana’s GDP per head of $78,695, than the US, where GDP per person is projected to stand at $148,411.
The US is expected to cement its position in fifth place in the world over the CEBR’s forecast as Donald Trump’s deregulation agenda boosts the competitiveness of the world’s biggest economy.
While the CEBR’s measure does not account for inflation, which is a key component when measuring living standards, Pushpin Singh, of the consultancy, said the figures showed Britain risked “falling behind in the global economic race”.
He added that GDP per head was “forecast to lag far behind the US and inching closer to emerging markets like Guyana, highlighting a potential stagnation in living standards under Sir Keir Starmer’s leadership”.
The Prime Minister has made raising living standards across the country a priority during his premiership. However, recent figures suggest it has worsened on some measures since Labour took power.
Sir Keir conceded this month that it “will take some time” before living standards improve, adding that his Government could not fix everything “by Christmas”.
Mr. Singh at the CEBR warned that dire productivity and a ballooning welfare bill since lockdown had helped to swell the size of the state, leading to higher taxes.
He said: “The way the U.K. economy has fared over the last five years, I would say we are much more similar to France than we are to the U.S. One key thing that is driving the U.S. growth is productivity, which has been off the charts since the pandemic.
“U.K. welfare spending is still not as bad as France. But are we on the road there? I think so in terms of elevated welfare spending, tax receipts not being enough to make up for that welfare spending and other spending commitments such as the NHS and other civil service sector spending. And debt as a share of GDP is slowly ballooning up as well.”
Raising productivity is vital to lifting living standards, he said, something Britain’s public sector has struggled with.
“Productivity growth has been a huge issue in the U.K., specifically within the civil service,” he said, noting that public services productivity remains below 1997 levels.
Britain is already on the brink of recession after statisticians revised down the country’s growth figures to zero as Labour swept to power. GDP per person also fell in the three months to the end of September, as surging immigration continues to weigh on this measure.
The Bank of England believes the economy continued to stagnate in the wake of Rachel Reeves’s record tax raid, leaving it dangerously close to slipping into a period of economic decline.
Worth reading in full.
Merry Christmas from Downing Street!
To join in with the discussion please make a donation to The Daily Sceptic.
Profanity and abuse will be removed and may lead to a permanent ban.
It is easy for politicians to say these things — they’re not the ones paying for it.
Absolutely!
I think everybody working within government has forgotten what their roles entail.
The role of government is to keep a few services ticking over (particularly, defence and the justice system), not to tell the electorate what to do.
Similarly, the job of a minister is to run a department, not to be a lobbyist for the people they are supposedly employing to work for them.
I do think it’s high time for a small state – dept of justice, the ministry of defence & security, foreign office and home office would suffice – massively consolidating the law statutes and simplifying (perhaps an update of English Common Law/Magna Carter) – anything else you would add? Maybe a dept of infrastructure.
Don’t forget abolishing the ministry of truth and any spending on ‘marketing’ from a government to it’s people.
All the “public health agencies” – be it national or state – are really Vaccine Promotion Agencies.
Personally, I agree. Even for people of the opinion that the government should provide broader services, it surely shouldn’t be controversial that their role is to run whatever services we have decided they should run (and no, trying to manage our lives in aid of being able to run those services in a particular way – poorly – is not acceptable).
The role of government is to stealthily maximise the amount of cash looted from citizens in economic-rent both directly and indirectly.
On the contrary their role is to follow orders from Schwab at the WEF and implement the ‘New World Order’ and ‘Great Reset’ – initially in the Five Eyes Countries. US, UK, Canada, Australia and New Zealand. .
We seem to befalling behind at he moment. -Javid must be worried.
Probably been got to by people in his dept who never want to see strip lighting again and can use testing to firmly ensconce themselves into their middle class lives.
Other people spending
Other people’s money on what
Other people tell them are
Other people’s problems.
Recipe for disaster.
I can’t believe I am having to say this about a so-called Tory government.
He should be clear that tests are not free, they cost the equivalent of 4p extra on income tax a year, or thousands and thousands of operations cancelled, with lives lost, for the testing vanity project.
I’ve been disappointed with Javid for a while – he called it wrong on vaccine passports in the autumn, for example. I wonder if this is positioning for future leadership ambitions by both of them. Which only goes to make us think neither of them could handle things very well.
Sorry, 2 billion pounds a month? To find out if you have a disease so deadly that if you didn’t have the test you wouldn’t know? Someone is laughing their head off, all the way to the bank. 2 billion pounds a month. Getthefuckouttahere.
the chinks….that’s where all the tests are made
Testing.
That’s when you finally get a positive test after how many of the free ones?
‘People are pretty sensible” that’s the one thing I have learnt during the scamdemic is that ‘people’ are not sensible. People are afraid, easily influenced and on the whole adverse to any conflict. This makes them extremely easy to manipulate when a state of fear has been pressed over them. Typical professorial attitude that a working class person can choose to not go into work. They have no shame, if they did they would admit that the last 2 years has been a lie and that the middle and upper classes could have gone into work all along, like the working class have done throughout.
Agree. What I’ve seen with my own eyes over the past two years is that many people are not sensible at all and depressingly gullible.
Fear sells. Scare-mongering works for the bureaucrats and politicians almost every time.
The MSM needs to take a bow for helping make this so.
If the PTB really believed that people are sensible and could be trusted to make the right decisions, i.e. stay at home if you’re badly ill and likely to be contagious, they would’ve followed the Swedish approach and relied on advice instead of totalitarian rules.
To here people, including BoJo, now saying they trust people after 2 years of doing the opposite makes me despise them for their hypocrisy.
He (Javid) needs to go.
They all need to go.
And stay gone.
THE VOTING SYSTEM. WE need to make sure that by the next general election, we have six hundred and fifty GOOD people (might be a struggle in modern Britain lol) ready to represent US and WE take over the House Of Commons and our DEMOCRACY and OUR COUNTRY and WE expel these CRIMINALS and then WE send the guilty to jail because these scumbags wont even admit they have done anything wrong, let alone jail the guilty. Enough of these terrorists running our lives via terrorism. They have failed in everything they have ever done, just a bunch of lying scumbag Freemasonic lowlifes pilfering money using psychological warfare on well meaning people – literally raping the good nature of good people for evil gains – and giving the publics money to their scumbag mates and laughing in everyones face as they scrape their kids noses with a cancer causing stick caked in nanoparticles then jabbing them with a bioweapon when they have their WHOLE LIFE AHEAD OF THEM. They are trying to turn the UK into a COMMUNIST SHITHOLE – that is the plan of the WEF stooges, including the PM who is up to his neck in this crap. They are 100percent dishonest in EVERYTHING they do. There aint no good in them, they all have evil contaminated septic diseased hearts, there is no going back for these people, its a one way ticket to hell they have bought for themselves. Their crimes are so heinous and blatant yet depsite all the irrefutable evidence that they have committed the most foul crimes imaginable against us, they still havent even admitted they have done anything wrong, they just keep lying, laughing in everyones face and stealing as much money as their filthy hands can get away with. They are diseased pondlife filth – THEY ARE THE UNJUST – those who spend their lives screwing over other people for personal gain. Our lawmakers are nothing but a bunch of treasonous criminals who seek only to suck the life and liberty out of everything that makes the world special. We must rid our country of these evil people – they are not worthy. We have a democracy and we can make this world a better place, without these criminal scumbags ruining everything.
A slight correction:
we HAD a democracy.
We have a democratic voting system – which is now rigged and fixed by the crimeocrats running the show, but their game is up and thanks to their genocidal antifreedom antihuman antichildren antilife antihealth antiGod Convid scam, we can now start having conversations with normies about the fact that our country is being run by a criminal cabal. They will now take you seriously whereas before they would NEVER take you seriously. Things have changed – thanks Klaus, Bill, Jacob and all the Satanazi gang for being so repugnant and offensive and deranged in your evil desires to control people. Before Convid this would have been impossible, but now that they have embarked on a path of MASSIVELY overplaying their hand and unveiling themselves as nothing but criminal in nature, waging overt warfare against their own population, and things like the fact they have Convid concentration camps in Australia and outright tyranny in all the Five Eyes satanic nations (and of course Israel, which Bibi said is “the second eye” of the five eyes), they have been primed to listen. Even the most ardent supporters will become silent when you bring up all the dead athletes and people in the public sphere who have had adverse reactions or died as a result of taking the advice of these devils and their scam. Every cloud has a silver lining as they say.
The gloves are off and we have God and the truth on our side which is undefeatable. They have money and crime and deception and a vacuum of morals. There is no beauty in what they do – its just corporate shit and nothing else. There is no God in what they do – its just corporate shit and nothing else. This has worked untill now, but there is only so much they can get away with. They have overplayed their hand. Everything they produce and all their institutions are all rotten to the core. Every institution has to go and their world must be dissolved and flushed down the toilet where it belongs. These maggots bring nothing of value to the table, they just suck the life out their victims.It is incumbent on all of us to start printing off our best info and to get on the streets handing it out to the masses – YOU HAVE BEEN CONNED BY HMG in big letters everywhere. The never ending winning run these criminals have enjoyed for hundreds of years, since they whacked JFK in the modern era, its now over Theyve blown it and now they have NO CREDIBILITY – theyre just criminals, thats it, and now EVERYONE can see (who wants to although many will never see), so now we must work to ensure that real knowledge of Convid gets into the hands of the masses, and they must understand that voting for a system which has robbed them so badly and deceived them in such a profound way is not acceptable any more. They have to understand that they need to stop voting for their enemy – stop voting for the people who have destroyed your bloodline and waged war against your children and who are running terrorism campaigns against you to make you fearful and compliant with their criminal warped vision of the world. Vote for a better future for your children. Stop voting for traitors who want to see you living in a world modelled on Communist China.
We actually have a “first past the post” electoral system, through which the minority can win. Is that “democratic”; discuss etc.
Javid.like Trudeau and Jacinda, works for the Schwab at the WEF and Bill Gates – not the British people.
Johnson should over-ride Carrie and sack him again – this time for good .
He can always go back to Deutsche Bank and make more money..
UK has been under foreign control for decades.
Johnson is a WEF stooge from well before he met Carrie.
Hidden Alliance of former WEF Young Global Leaders working in Lockstep to enforce the Great Reset include Macron, Trudeau, Ardern, & Boris Johnson – Rights and Freedoms (wordpress.com)
Javid the former sceptic? If I want comedy, I will go to Andrew Lawrence.
Remember the bigger picture – so much bigger than a Health Minister’s, or even a national government’s – (stated) role:
RINSE, REPEAT.
That’s the formula. As I posted above, it works every time.
In America, we consider ourselves the “land of the free” and the “home of the brave.”
I’m a contrarian so I think the opposite is true: My country is now the land of the unfree and the home of scaredy-cat wimps.
Jabit still wants maximum case numbers to justify his totalitarian jab everything that moves policy. He won’t want the fraudulent narrative to collapse too quickly. He’s now trapped by his own idiotic rhetoric.
I’ll just go ahead and assume that Savage Jabbit is profiting from the ongoing Testdemic, either personally, or through family connections. At this point, I’ll need to see evidence of innocence.
Is this who we are talking about?
https://twitter.com/UnityNewsNet/status/1451295338975924229?s=20&t=VlivsFVrDZCmYX6U-kuOww
Theatre for the gullible
“As a former Chancellor and (former) sceptic, Mr. Javid should really know better than to want to drag out the Omnicold ’emergency’ by perpetuating the costly nonsense of constant testing.“
He does know better so follow the money, what’s in it for him?
It’s obvious what all this is about. If people have to pay for the tests, they’ll stop having them, and then the narrative will REALLY break down. Savage Jab-it will obviously not want THAT to happen.
so why can’t the people who want testing pay for it?
why can’t the people who want immigrants house them?
etc, etc etc,
Why can’t people spend their own money instead of everybody else’s?
It would be both cheaper & more accurate to use these kits
A cynical person might think this is a ruse.
Surely not……..
Sadly according to the egregious Robert Peston, it seems like “free” tests will continue but money will come from existing NHS budget rather than in addition.
https://twitter.com/Peston/status/1495758574567448577?cxt=HHwWgoCzrfWfgMIpAAAA
I suppose that may create additional pressure to ramp it down, but we really need to see free testing dropped ASAP
So the people who cannot get by without their daily tests will still be able to test, but the rest of us will pay for it. I can’t get by without my daily glass of wine, will you all chip in for that?
Come on DS, you can do better. Please don’t call them free tests.
They are tax payer funded tests.
Just using the right language will help enormously. They are instantly less appealing.
How altruistic of the manufacturer’s to be giving away all of these millions of free tests
/sarc
Re these tests as well all the other so-called health measures, they are all unlawful.
Many here have questioned whether we are at war. We are. As such it is useful to know the law as it pertains to medical practice in war for a PoW, as outlined by the brilliant lawyer Anna de Buisseret. Chapter 7 of the MoD Law of War Manual outlines this.
No medical intervention can be carried out without the fully informed consent of the individual. All of the NPI measures imposed by the UK government apart from handwashing are experimental & the public were not informed of the risks before they were imposed, only supposed benefits. Therefore consent cannot be given. Same with the jabs & the tests. This leaves the testers open to a position of battery. These tests hurt!
We could really do with Toby, Will or Amanuensis doing some investigation & reporting back to us on the lawful position to further educate the public.
Re the jabs: we all here know that it is the spike protein which is the toxic part. This paper is an interesting read as to the sexist & racist nature of the spike protein
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7439997/
This is just overt game playing within the cabinet so if something does go wrong, someone can say “I told you so”.
If Savage knows something the rest of them don;’t know then why isn’t he telling people.
This is pure politicking and has nothing ton do with health.
Does anyone know how much money has been spent on testing (“free” and unfree) in the UK, or the world?
This figure has to be close to the figure spent on vaccines.
Throw in the cost of masks and you are talking some serious money printing.
I wish the MSM would give some context to figures. £2bn per month doesn’t resonate, but say that’s £60 per taxpayer – £720 per year – being pissed up the wall then people will react.
Perhaps Sir John Bell should buy himself a copy of Mark Woolhouse’s book where he can see where his lot has got it hopelessly wrong from March 2020. As prof woolhouse says;
“I did not expect that elementary principles of epidemiology would be misunderstood and ignored, that tried-and-trusted approaches to public health would be pushed aside, that so many scientists would abandon their objectivity, or that plain common sense will be a casualty of the crisis. Yet – as I’ve explained – these things did happen, and we have all seen the result. I didn’t expect the world to go mad. But it did.”
Why do I pay for a test and not a vaxxine?
They are not free – these tests are being paid for using our money, the taxpayers money – and somewhere someone is getting stinking rich by keeping this testing nonsense going.
I would not oppose the ending of Savij Jabbid.
Prehaps he could offer to pay for everyone’s nose-jabs out of his private fortune.
Sajid Javid can take a long walk…
“Sajid Javid Opposes End of Free Testing”
Yeah – he wants you to have to BUY them off his ‘Government approved’ mates.
Can you imagine this man as PM, we are going for bad, to disastrous to downright plain nasty. These people like Javid, Hove have shown their true colours and should not only be removed from office but barred from public positions of trust forever.