UK will fall into recession this year, warns Bank

The Homebrew Forum

Help Support The Homebrew Forum:

Joined
Aug 26, 2019
Messages
4,838
Reaction score
4,727
Location
Warrington
But you are forever trying to justify yourself saying it is the fault of the Tory party? Fault for what Covid? War in Ukraine?
I’m justifying nothing I’ve had a successful career in senior management at large corporations. However the Tories both this lot and the witch have destroyed this country’s manufacturing base and now the economy.
 

Chippy_Tea

Administrator.
Staff member
Administrator
Moderator
Joined
Mar 17, 2013
Messages
42,154
Reaction score
13,878
Location
Ulverston Cumbria.
who wants to live in a place like this

I don't like spiders but given the choice between Bondi and Blackpool i know which i would choose.


1659705742452.png


1659705794543.png
 
Joined
Jun 10, 2019
Messages
5,993
Reaction score
6,339
Location
on the island
Well street lights are still on swimming pools are still warm unlike Germany who relie on Russian gas, Italy Greece portugal nearly bankcrupt, yep it's all good in the EU, our government and leaders caught with their pants round their ankles now they have to run a country instead of some unknown unelected person in Brussels athumb..
 
Joined
Jan 13, 2016
Messages
8,447
Reaction score
5,355
Location
Sleaford - Lincolnshire
…. If I remember rightly, the last time we had a Labour government tax payers had to fork out £500 billion to bail the banks out!
So, should the Labour government have let the banks go into liquidation; and allow the people who banked with them lose their savings or were employed by them lose their jobs?

It was not the Labour Government that caused the financial crash; it was the Banks!
 
Joined
Jan 13, 2016
Messages
8,447
Reaction score
5,355
Location
Sleaford - Lincolnshire
I don't like spiders but given the choice between Bondi and Blackpool i know which i would choose.

Never been to Bondi but spent a huge amount of money to send SWMBO and her sister out there.

They were visiting their brother in Melbourne but went to Sidney for a long week-end. I asked them what their trip to Sidney was like and got “There was a Beach, an Opera House and a Bridge and that was about it really! We really enjoyed Singapore though!”

My vote has to be Blackpool I’m afraid!
:D
 

Cheyne_brewer

Regular.
Joined
Oct 16, 2019
Messages
346
Reaction score
198
Location
Bilsthorpe, Notts. UK

Summary

  1. The Bank of England has raised interest rates again from 1.25% to 1.75% as it battles to curb rising prices
  2. The increase is the biggest in 27 years and will increase pressure on households already struggling with the cost of living
  3. It makes mortgages and loans more expensive but increases the return on savings
  4. Inflation, the rate at which prices grow, is expected to rise even further this year, peaking at 13% in October
  5. The UK is expected to fall into recession - which means the economy is shrinking - in the final three months of this year

The Bank of England expects the economy to shrink in the final three months of this year and keep shrinking until the end of 2023, after it raised interest rates from 1.25% to 1.75%.
This would make it the longest downturn since the 2008 financial crisis.
The Bank blamed the slump largely on rising gas prices following Russia's invasion of Ukraine, warning a typical energy bill will hit £3,500 in October.

And no explanation of how increasing interest rates will solve inflation when this is down to global food and energy prices. It just makes life harder still. Of course the economic impact of sky-high road fuels, gas and electricity will impact industries as well as consumers and contribute to a downturn, then high interest rates will deter rescue borrowing and add to the slump. Perfect storm I’d say.
 

winslade

New Member
Joined
Jan 20, 2022
Messages
10
Reaction score
4
Criticism is where it is due. Nothing to do with inferiority complex, why would an Aussie have an inferiority complex when a nation with 1/3 rd less population than England we are leading in the sporting arena and commerce

Why do the ozzies have such a chip on their shoulders? Aren’t they the Poms I thought it stood for Prisoners of Her Majesty

Jealousy will get you nowhere. What is a bluey? With China looking likely to come back on board after a couple of years boycotting anything Australian the coal export looks likely to recommence, bad news for the Greens, hopefully followed by the wine, students, rock lobster, cherries, wool, beef lamb pork and dried milk. Things are looking hunky-dory
Chinese province within 20 years.
 

Crappyfish

Regular.
Joined
Dec 28, 2018
Messages
463
Reaction score
274
Location
Derby
@Crappyfish What have you done you troll!
You've turned this into another bloody Brexit thread.
It's getting as bad as the BBC .
Sorry just thought it may have had a impact on the economy with losing free trades between EU countries and a lack of red tape to stop massive lorry queues at Dover with spoilt food in the cargo trying to cross the channel and the UK border being in France may have helped the situation. I didn't want to start a full blown pro or anti Brexit debate so I've kept it short i apologise if I opened any old disagreements.

Ps the NHS hasn't got the money promised yet.
 
Top