The statement will be remembered for the childcare pledge, but there was nothing to meet the scale of Britain’s economic malaise
Aditya Chakrabortty, The Guardian
Tag: economy
Will Russia’s Economy Really Outperform the UK in 2023?
The UK economy will shrink and perform worse than Russia’s IMF says
The UK economy will shrink and perform worse than other advanced economies, including Russia, as the cost of living continues to hit households, the International Monetary Fund has said.
UK expected to be only major economy to shrink in 2023 – IMF, BBC
BBC is reporting that the UK economy is the worst of any advanced economy. Is rock bottom the Tory legacy? Is this failure of leadership the “Brexit dividend”? Either way, it stinks.
Interest on government debt more than doubled in a year.
The BBC is reporting that (Tory) government borrowing is hitting new highs. This is from the party that claimed to be the most responsible and slapped us with years of austerity measures to bring borrowing down.
The economy is crashing due to the Tories and now they have no idea what to do.
Government borrowing hit a new high in December, driven by the cost of supporting households with their energy bills and rising debt interest costs.
Borrowing, the difference between spending and tax income, was £27.4bn, the most for any December since records began in 1993.
Interest on government debt hit £17.3bn, more than doubling in a year.
Debt costs help push government borrowing to 30-year high, BBC News
