| Recession? what recession? on 11:36 - Jan 13 with 2509 views | geg1992 |
I wonder how the figures would have been without the world cup? |  |
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| Recession? what recession? on 11:38 - Jan 13 with 2503 views | blueasfook |
| Recession? what recession? on 11:36 - Jan 13 by geg1992 |
I wonder how the figures would have been without the world cup? |
I really dont think the WC was the influence they make out - people buying a few extra tinnies for the games? |  |
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| Recession? what recession? on 11:41 - Jan 13 with 2457 views | clive_baker |
Does spending on utilities go into this calculation? If so I'm not surprised spending is up, I've definitely got less cash left over. If it doesn't then it is a bit surprising. |  |
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| Recession? what recession? on 11:48 - Jan 13 with 2403 views | blueasfook |
Wow! That's not bad I guess. I wonder how much of a boost we'd have gotten had we made it to the final. | |
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| Recession? what recession? on 11:51 - Jan 13 with 2385 views | StokieBlue |
November may have seen growth of 0.1% aided by a huge sporting event (it was expected to shrink) but the last quarter actually saw a retraction of 0.3%..
Also worth noting that both the BoE and the OBR are predicting a recession for the UK in 2023 so given two independent entities are saying that what exactly are the media supposed to report? They have a duty to report that, it's not "doom-laden bollix".
With regards to our GDP, we are currently 6.4% below the pre-pandemic trends.
SB |  | | |
| Recession? what recession? on 11:52 - Jan 13 with 2371 views | lowhouseblue |
excellent. we need a really committed collective effort to drink ourselves out of economic failure. finally an economic policy fit for the uk. [Post edited 13 Jan 2023 11:53]
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| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| Recession? what recession? on 11:53 - Jan 13 with 2339 views | MattinLondon |
| Recession? what recession? on 11:48 - Jan 13 by blueasfook |
Wow! That's not bad I guess. I wonder how much of a boost we'd have gotten had we made it to the final. |
If we had won it then it could have added another £700 million (on top of the previous stated £2 billion). A lot of money - think it earned Qatar $US 17 billion - no wonder countries are keen to host it. |  | | |
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| Recession? what recession? on 11:57 - Jan 13 with 2277 views | clive_baker |
| Recession? what recession? on 11:53 - Jan 13 by MattinLondon |
If we had won it then it could have added another £700 million (on top of the previous stated £2 billion). A lot of money - think it earned Qatar $US 17 billion - no wonder countries are keen to host it. |
Not a great pay back on the estimated $220bn they spent though, on the face of it.
Obviously other countries are often starting from a higher base by way of infrastructure. | |
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| Recession? what recession? on 12:04 - Jan 13 with 2222 views | BigCommon |
Portman Road sold out most home games, record kit sales 1st, 2nd and 3rd kits, bumper season ticket sales, record ifollow numbers at £10 a game. Massive away following spending on tickets, petrol/rail costs.... You'd think, if there was an actual "cost of living CRISIS", as the media love to frame it, then all these kind of fringe luxuries would be on the decline.
Doesn't add up for me. |  | | |
| Recession? what recession? on 12:05 - Jan 13 with 2215 views | GlasgowBlue |
| Recession? what recession? on 11:36 - Jan 13 by geg1992 |
I wonder how the figures would have been without the world cup? |
I thought every boycotted the World Cup? |  |
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| Recession? what recession? on 12:09 - Jan 13 with 2193 views | chicoazul |
The dismal science indeed. |  |
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| Recession? what recession? on 12:24 - Jan 13 with 2121 views | homer_123 |
| Recession? what recession? on 12:04 - Jan 13 by BigCommon |
Portman Road sold out most home games, record kit sales 1st, 2nd and 3rd kits, bumper season ticket sales, record ifollow numbers at £10 a game. Massive away following spending on tickets, petrol/rail costs.... You'd think, if there was an actual "cost of living CRISIS", as the media love to frame it, then all these kind of fringe luxuries would be on the decline.
Doesn't add up for me. |
It's real. We have clients at the moment where a third of their staff are receiving advances in pay as they cannot get through the month.
It may not, yet, be affecting everyone, but there are people who are in a terrible position at the moment. |  |
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| Recession? what recession? on 12:32 - Jan 13 with 2090 views | OldFart71 |
It was widely said that during the pandemic many millions was saved, which given that people stayed in rather than go out it would seem to tally. What hasn't been publicly announced is how much of the increased sales were due to credit card spending and we do have sections that are up in arms over the buy now pay later forms seemingly available everywhere. I know I use them. But it's all common sense really. If you know for certain you will have x amount spare each month why pay the whole lot in one go when it doesn't cost you any more to spread a cost. But it will be interesting to see where things go in the following months as taxable income remains the same as last year, Council tax percentages allowed to rise, car tax increases, terrestrial TV price increases etc, etc. The Government won't have wriggle room for tax cuts. The costs to them for the NHS, Armed Forces etc will only increase even if those deserving more don't get it. |  | | |
| Recession? what recession? on 12:43 - Jan 13 with 2045 views | homer_123 |
| Recession? what recession? on 12:32 - Jan 13 by OldFart71 |
It was widely said that during the pandemic many millions was saved, which given that people stayed in rather than go out it would seem to tally. What hasn't been publicly announced is how much of the increased sales were due to credit card spending and we do have sections that are up in arms over the buy now pay later forms seemingly available everywhere. I know I use them. But it's all common sense really. If you know for certain you will have x amount spare each month why pay the whole lot in one go when it doesn't cost you any more to spread a cost. But it will be interesting to see where things go in the following months as taxable income remains the same as last year, Council tax percentages allowed to rise, car tax increases, terrestrial TV price increases etc, etc. The Government won't have wriggle room for tax cuts. The costs to them for the NHS, Armed Forces etc will only increase even if those deserving more don't get it. |
There is a difference though, isn't there?
Could one argue that the 'older' generation were taught to ensure you had the fund to pay if you took credit on?
Whereas I am less inclined to believe that is taught nowadays?
In that - have it now, pay it later is more have it now and hope I can pay later? | |
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| Recession? what recession? on 13:19 - Jan 13 with 1863 views | blueasfook |
| Recession? what recession? on 12:04 - Jan 13 by BigCommon |
Portman Road sold out most home games, record kit sales 1st, 2nd and 3rd kits, bumper season ticket sales, record ifollow numbers at £10 a game. Massive away following spending on tickets, petrol/rail costs.... You'd think, if there was an actual "cost of living CRISIS", as the media love to frame it, then all these kind of fringe luxuries would be on the decline.
Doesn't add up for me. |
I think the key indicator of a recession is unemployment. Thus far, employment figures havent really been impacted. According to ONS figures, we are currently at the lowest level of unemployment in the last 50 years.
I think that is certainly a Brexit dividend if you are looking for one.
https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/unemployment | |
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| Recession? what recession? on 13:27 - Jan 13 with 1835 views | BigCommon |
| Recession? what recession? on 12:24 - Jan 13 by homer_123 |
It's real. We have clients at the moment where a third of their staff are receiving advances in pay as they cannot get through the month.
It may not, yet, be affecting everyone, but there are people who are in a terrible position at the moment. |
Granted, there are always those that struggle to manage their finances...My observation is that the "entire" country , is not in crisis.Which is how some sections of the media like to spin it.. | | | |
| Recession? what recession? on 13:29 - Jan 13 with 1822 views | homer_123 |
| Recession? what recession? on 13:27 - Jan 13 by BigCommon |
Granted, there are always those that struggle to manage their finances...My observation is that the "entire" country , is not in crisis.Which is how some sections of the media like to spin it.. |
Small point of order, this is not about 'manage their finances'. | |
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| Recession? what recession? on 14:27 - Jan 13 with 1716 views | Kievthegreat |
The key indicator of a recession is growth of GDP.
Unemployment is part of that calculation, but the bigger issue is that for every hour a British worker works is less productive than our neighbours like Germany and France. The UK is less productive than our neighbours and the gap is growing, not closing.
As for Brexit benefit? I'd say a GDP that a projected £30Bn per year worse off than if we hadn't left the EU is a pretty lousy benefit.
Edited last paragraph to clarify the £30bn figure [Post edited 13 Jan 2023 15:13]
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| Recession? what recession? on 14:29 - Jan 13 with 1701 views | blueasfook |
| Recession? what recession? on 14:27 - Jan 13 by Kievthegreat |
The key indicator of a recession is growth of GDP.
Unemployment is part of that calculation, but the bigger issue is that for every hour a British worker works is less productive than our neighbours like Germany and France. The UK is less productive than our neighbours and the gap is growing, not closing.
As for Brexit benefit? I'd say a GDP that a projected £30Bn per year worse off than if we hadn't left the EU is a pretty lousy benefit.
Edited last paragraph to clarify the £30bn figure [Post edited 13 Jan 2023 15:13]
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Yeah but full employment though... Germany and France's economies are booming I take it? | |
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| Recession? what recession? on 14:46 - Jan 13 with 1657 views | SuperKieranMcKenna |
| Recession? what recession? on 14:29 - Jan 13 by blueasfook |
Yeah but full employment though... Germany and France's economies are booming I take it? |
Not sure 0.1pc economic growth is something to cheer. This year will see a global economic slowdown with global growth around 0.3pc. The EU has revised down its own estimates to just above zero growth. Whilst inflation has hopefully plateaued it’s still significantly above pay rises thus spending power will be serverly hit. There are also continuing supply chain issues even after China scrapped its ridiculous zero covid policy.
I’ve sold some shares this week as the Uk in particular (and European and US, except the suppressed NASDAQ) indexes have gone crazy. The insane run is driven by US inflation figures but in my view doesn’t reflect the grim overall outlook and a correction will follow. | | | |
| Recession? what recession? on 14:57 - Jan 13 with 1615 views | SuperKieranMcKenna |
| Recession? what recession? on 14:27 - Jan 13 by Kievthegreat |
The key indicator of a recession is growth of GDP.
Unemployment is part of that calculation, but the bigger issue is that for every hour a British worker works is less productive than our neighbours like Germany and France. The UK is less productive than our neighbours and the gap is growing, not closing.
As for Brexit benefit? I'd say a GDP that a projected £30Bn per year worse off than if we hadn't left the EU is a pretty lousy benefit.
Edited last paragraph to clarify the £30bn figure [Post edited 13 Jan 2023 15:13]
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“As for Brexit benefit? I'd say a reduction in GDP of £30Bn per year is a pretty lousy benefit.”
At the risk of being a pedant, it’s a reduction in GDP GROWTH which is not the same thing as a contraction, still obviously a very bad thing and a remainer myself, but both sides of the media like to be disingenuous with their Brexit headlines. | | | |
| Recession? what recession? on 15:06 - Jan 13 with 1595 views | Kievthegreat |
| Recession? what recession? on 14:57 - Jan 13 by SuperKieranMcKenna |
“As for Brexit benefit? I'd say a reduction in GDP of £30Bn per year is a pretty lousy benefit.”
At the risk of being a pedant, it’s a reduction in GDP GROWTH which is not the same thing as a contraction, still obviously a very bad thing and a remainer myself, but both sides of the media like to be disingenuous with their Brexit headlines. |
Fair point. It is a reduction from where we could be, not from where we started. Sloppy wording and I will edit to make clear. | | | |
| Recession? what recession? on 15:11 - Jan 13 with 1585 views | Kievthegreat |
| Recession? what recession? on 14:29 - Jan 13 by blueasfook |
Yeah but full employment though... Germany and France's economies are booming I take it? |
Booming? No, but no one suggested that.
Are they performing better than the UK and predicted to continue performing better? Yes.
The UK is predicted to be the worst hit G7 economy over the next 2 years, despite also being the only G7 economy not to have reached pre Covid levels yet. | | | |
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