Originally posted by Paralytic
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Previously on "DOOM: It’s Official - UK facing risk of 'systemic economic crisis'"
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Relax, the magic money tree has never been cheaper:
The UK economy remains in rescue mode - BBC News
It also said that government borrowing in this year was 19% of the size of the economy, a peacetime record at just under £400bn.
And yet the paradox is that next year the amount of money it costs to fund that debt will also reach a post-war record: a record low.
Since World War Two, our debts have never been bigger. And yet they've never been cheaper.
All possible because the UK is far from alone in being 'up to the ears in national debt'. Fix the roof while they're pissing down your back and telling you it's rain.
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Originally posted by Andy2 View Postits all fine. Most people have no idea about GDP or deficit
Subscribe to read | Financial Times
British people “lack a basic understanding” of economic statistics such as unemployment or the government’s deficit, and at the same time mistrust official data, a hard-hitting report funded by the Office for National Statistics concluded on Wednesday
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Originally posted by Andy2 View Postits all fine. Most people have no idea about GDP or deficit
Subscribe to read | Financial Times
British people “lack a basic understanding” of economic statistics such as unemployment or the government’s deficit, and at the same time mistrust official data, a hard-hitting report funded by the Office for National Statistics concluded on Wednesday
Leave a comment:
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its all fine. Most people have no idea about GDP or deficit
Subscribe to read | Financial Times
British people “lack a basic understanding” of economic statistics such as unemployment or the government’s deficit, and at the same time mistrust official data, a hard-hitting report funded by the Office for National Statistics concluded on Wednesday
Leave a comment:
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Originally posted by AtW View Post‘ The government has privately admitted the UK faces an increased likelihood of “systemic economic crisis” as it completes its exit from the European Union in the middle of a second wave of the coronavirus pandemic.
A confidential Cabinet Office briefing seen by the Guardian also warns of a “notable risk” that in coming months the country could face a perfect storm of simultaneous disasters, including the prospect of a bad flu season on top of the medical strains caused by Covid.
“Winter 2020 could see a combination of severe flooding, pandemic influenza, a novel emerging infectious disease and coordinated industrial action, against a backdrop of the end of the [Brexit] transition period,” it warns.“
UK facing risk of 'systemic economic crisis', official paper says | Politics | The Guardian
You need to start adding a Trigger Warning emoji to these threads.
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