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“FEARS Britain is edging closer to a recession have been stoked by new ­figures showing a drop in job openings.

Vacancies declined by 2.1pc year on year in August, according to Adzuna, after businesses were hit by softer demand as well as a rise in employer National Insurance and the National Living Wage.

The bleak jobs outlook came as ­separate data revealed businesses were becoming increasingly pessimistic. Companies across the private sector expect activity to continue to fall in the next three months, according to the Confederation of British Industry (CBI).

The public are also concerned about the state of the economy, with almost half of 5,000 people surveyed by UKHospitality saying they believe their local high street is worse off than it was last year. The findings set a grim backdrop for the Labour Party conference this week. The economy is expected to be a major focus, as Rachel Reeves ­prepares a fresh tax raid in her forthcoming Budget to fill a £30bn black hole in the public finances.

Alpesh Paleja, the CBI deputy chief economist, warned the Chancellor against targeting companies again as she did in last year’s Budget.

He said: “The business tax burden is already at a 25-year high and the Chancellor must quickly reaffirm last year’s commitment to no more business tax rises, avoiding Budget speculation ­further curtailing sentiment in the run up to Nov  26.”

The data will fuel concerns that ­Britain may be heading for recession. Simon French, at City stockbroker ­Panmure Liberum, recently warned that the pace of unemployment growth suggested an imminent downturn.

He cited the Sahm rule, which states that a recession is imminent when the unemployment rate rises by at least 0.5pc a year. Unemployment stood at 4.7pc in August, up from 4.1pc a year earlier. Mr French said that the breach of the rule was a “clear warning signal for the UK policymakers”.

Who voted for these idiots ? Not me……..

“More than half of Labour members do not want Sir Keir Starmer to be in post by the next election, writes our Political Correspondent Genevieve Holl-Allen.

Almost two-thirds of the party’s membership have also said they believe the Government is heading in the wrong direction, according to a poll by Survation for LabourList.

The results represent a further blow to the Prime Minister ahead of Labour’s annual party conference in Liverpool.”

MV,

Paddy has sold 60% of his holding as he probably knows the November budget is going to further damage the economy including the banks.

What an absolute 💩 show this government is.

And the likes of STP (who is not even British and doesn’t live in the UK), Nomlungu, Ollerdeekhead, Takayama etc think they’re doing a good job.

You couldn’t make it up 🙄

It’s unbelievable Bloomers. These pr*cks make up rules penalising Joe Public whilst using using expensive consultants to avoid their own rules. Thankfully some of the right wing broadsheets are doing some good digging to expose them. Rayner was nailed by the Telegraph. Looks like the Times is going after Starmer now.

“Wealthy savers are rushing to take action ahead of Rachel Reeves’s second Budget by unlocking money from pensions.

Financial advisers and wealth managers said savers were concerned following last year’s inheritance tax raid on pensions, businesses and farmers, and increases in capital gains tax.

Ms Reeves has repeatedly committed to not raising income tax, VAT, or National Insurance on employees, some of the largest and simplest tax increases. But with a black hole in the public finances estimated at £50bn, the Chancellor could be forced to raise taxes again on Nov 26.

Advisers said many savers were taking their tax-free lump sums before November due to worries about changes to pension reliefs. Investment platform Interactive Investor reported a 61pc increase in tax-free cash withdrawals from pension pots last month compared to August 2024.”

Who voted for these morons ? Not me……..Flight out of the market is gathering pace as the budget approaches. Dimwit Reeves has also stalled the property market as people have stopped moving after she put up stamp duty is looking at property taxes. So the tax rake there has collapsed.

This is the most incompetent government in my memory.

Do as I say not as I do.

Starmer is a weasel and champagne socialist hypocrite. What w ⚓️

Exactly, if you can’t afford more than 2 kids, don’t have them.

I agree Bloomers regarding unnecessary restrictions on free speech. I actually don’t go on social media as I’ve seen enough people get themselves into trouble on it. Ron Atkinson, Danny Baker etc etc blew their careers on it.

The point I was trying to make is that I’m sure there are infinitely more than 3,000 people a year in Russia who would love to publicly register their opposition to Putin but are too afraid to do so. Given the fate of others who have stood up to Putin and his henchmen, I can understand why.

Bloomers I agree but comparing with Putin’s regime is not the best comparison fella.

I would imagine many Russians are too afraid to speak out Bloomers for fear of being sent to Siberia or a fate much worse. Prigozhin, Navalny, Litvienko, Skripal, Glushkov etc are probably a deterrent for most Russians not to want to vent their displeasure with Putin’s regime publicly.

Signed.

What a pointless waste of money.

“All those words he used to put down and bring down Boris and the Tories now seem, so much like the words of a compulsive two faced lair of which he is.”

He is a two faced liar. Only idiots can’t see it.

Labour in November will tax you for helping your children to buy a house. Gifting to your children will come under the remit of IHT.

Feel for you Tav. Socialists want full control over everything you do.

“BRITAIN is poised to have the worst inflation in the G7 this year as price rises accelerate, the Organisation for Economic Co-operation and Development (OECD) has warned.

Inflation is to average 3.5pc this year, the Paris-based economists predict, up from 2.5pc last year. Just three months ago, the OECD thought inflation would average 3.1pc this year.

Price rises across the other advanced major economies range from 1.1pc in France and 1.9pc in Italy, to 2.7pc in the US and 3.1pc in Japan, the OECD said.

It also warned that growth would slow next year in the UK.

“In the UK, a tighter fiscal stance, higher trade costs and uncertainty are also anticipated to drag on external and domestic demand, with growth projected to ease from 1.4pc in 2025 to 1pc in 2026,” the OECD warned.

It came as separate data showed that growth in Britain’s private sector output slumped to its slowest pace in four months in September. The S&P Global Flash UK Purchasing Managers’ Index (PMI) data signalled that there were 50,000 job losses in the three months to September as companies grappled with rising wages and higher costs.

Chris Williamson, at S&P Global, said business expectations fell to a three-month low amid talk of further tax rises in the forthcoming Budget.

“September’s flash UK PMI survey brought a litany of worrying news including weakening growth, slumping overseas trade, worsening business confidence and further steep job losses,” he said. “Alarm bells should be ringing that the economy is faltering.”

Rachel Reeves, the Chancellor, is expected to push through more tax rises in November’s Budget in an effort to plug the fresh hole in the public finances, which economists estimate at £20bn or more.”

Labour delivering on failure. Who voted for these morons ? Not me……

BB

“Gate I believe what will happen is the reform leadership overtakes the conservative party, in reality though it will be a reverse take over. We saw this with the reform/conservative merger in Canada in the 90s.”

Agreed.

Darth,

The Cons/Lib Dems coalition was after a general election with a hung Parliament. The Lib Dems are plotting a pact before the next general election. Labour and the Lib Dem’s have a cigarette paper width between them. God help us all if we get another term of socialism.

Ed Davey wouldn’t rule out a pact with Labour at the next General Election. Conservative/Reform pact please to keep Marxists out of running this country into the ground.

Good on you fella. I sold 50,000 of my 80,000 holding a while back. Reeves is scratching around for things to tax. The latest is putting 20% VAT on taxi fares outside London apparently. Labour just don’t get it. You get growth by lower taxes. It’s only the benefit scroungers and unproductive public sector numpties that think otherwise and vote for these tools. Always the same with socialism sadly.

Denby, all bank shares have flown of late. The fear is the damage Labour will do in 2 months time in the budget. Rachel Reeves, Torsten Bell and Starmer need a lobotomy and taken away by the men in white coats as do a few stupid posters on here.

Gray,

Farage is the best of what’s available. The Tories failed the country on immigration and Labour are doing even worse. I don't agree with everything Farage says particularly Putin who is a threat to the world. I like to think I’ve never posted anything xenophobic on here. Perhaps the lefties can quote me. Put or shut up please instead of weak accusations. Immigration appears to be the biggest issue across UK politics at the moment and Labour is scrabbling to find some voter friendly policy on the subject. A bit like their Net Zero U turns on oil fields in the North Sea and rightly agreeing to a second Gatwick runway. Labour are now desperate to appease the electorate as they are realising the country has had enough of them already. 14 months of damage and more to come in the November budget.