Member Info for Lokiloo

Cough!

'Unusually for the aftermath of economic downturns, there was no recovery in real wages following the Great Recession, with real wages continuing to drop until 2014, since which they have very slowly recovered to 2010 levels. This lack of growth in real wages is unprecedented in the last two hundred years of British economic history: there has been no longer period without growth in real wages since the Napoleonic Wars'

Life just bounced under the Tories eh? W⚓s

Why would Sidara give a fig about the SP when they have the lowdown of the company in facts and figures?

Even if it is 85p that's over 100% profit from here.

I'll take that penny dropping (but it'll be over £1 anyway).

'longstanding underinvestment is a key explanation for the UK’s underperformance.'

👍

'Reeves reminded MPs of the knock-on impact of Liz Truss’s unfunded spending splurge in 2022; and rightly highlighted the shaky global context that has resulted in borrowing costs increasing for most major economies.'

Also true.

I would have thought 'Socialists' would have been whacking hefty taxes on the rich?

Not stripping the poor of PIP.

Great post GateBoy. We all know you fear entering into debate with me so there really is no need to keep reminding everyone. It really is very boring.

Let's hope they are correct.

''forecasts''

ha ha ha ha ha ha ha'

Unfortunately that is all we have, unless you're some sort of 'visionary'?

'kin 'ell TFE. Fancy trying to defend that record in government. You're not 'tribal' at all are you...

That really is weak and pitiful.

The figures don't lie (nice try).

As feared, the Office for Budget Responsibility has halved its forecast for UK growth this year.

But growth over the following few years will be faster than expected by the OBR last autumn.

Here are the new forecasts, and the old ones.

2025: 1%, down from 2.0% forecast in October’s budget

2026: 1.9%, up from 1.8% forecast in October’s budget

2027: 1.8%, up from 1.5% forecast in October’s budget

2028: 1.7%, up from 1.5% forecast in October’s budget

2029: 1.8%, up from 1.6% forecast in October’s budget

This means the economy will be LARGER at the end of the forecast period than expected at the Budget.

Oh dear... resorting to giphs now are we.

'I would sack every last MP currently sat in Westminster.'

Oh dear.

You really are looking especially desperate today Bloomer.

You're is such a panic you even managed to reply to me after LYING you had me on filter 🤣

What's up? Have you had some rather painful news? Some facts you just can't deny perchance?? 😂

'Economic growth this slow over this long a period has no precedent in the UK since at least the end of World War II.'

https://ifs.org.uk/publications/conservatives-and-economy-2010-24

Does the country have enough Ketamine in stock?

Talking about stock.. how's Tesla's? 🤣👍

'By 2019 the deficit was at normal levels of around 2 per cent of GDP and the debt stable. Since then national debt has risen again mostly as a result of the huge levels of borrowing required to cover the costs of the Covid-19 pandemic, and then big additional spending to protect households and businesses from the worst effects of the rise in energy prices13. Even as these costs have dissipated, public spending has risen over the 2019 parliament and, despite a swiftly growing tax burden, the national debt has risen further and is now stuck rather than decisively falling.

FUTURE GOVERNMENTS WILL HAVE TO RECKON WITH THIS. Getting the national debt back on a falling path will require some combination of tight spending, yet more tax increases, and a much more impressive growth performance.'

'Blame Rachel Reeves!!!' The Far Right Lonely Hearts Lloyds board

https://ifs.org.uk/publications/conservatives-and-economy-2010-24

Sound Tory governance. 'THE PARTY OF THE ECONOMY!'

The path of the corporation tax rate has demonstrated this lack of consistency even more powerfully. Between 2010 and 2018 George Osborne and then Philip Hammond gradually brought down the main rate from 28 to 19 per cent, in an effort to spur private sector investment. By 2023 the headline rate had returned to 25 per cent though even that reversal was not without its own convoluted path – the new higher rate having been announced by Mr Sunak while he was chancellor, reversed during the 38-day chancellorship of Kwasi Kwarteng and then reinstated by Jeremy Hunt on the day he replaced Mr Kwarteng. Aside from the merits of lower corporation tax for encouraging investment, the uncertainty created around policies intended to encourage businesses to invest in the UK has most likely served only to discourage such investment.

'Unusually for the aftermath of economic downturns, there was no recovery in real wages following the Great Recession, with real wages continuing to drop until 2014, since which they have very slowly recovered to 2010 levels. This lack of growth in real wages is unprecedented in the last two hundred years of British economic history: there has been no longer period without growth in real wages since the Napoleonic Wars'

Skier1

What's up? You look as though you are floundering along with every other Tory bigot!

You not like the info in the link provided either!?!?🤣😂🤣📉

'Economic growth this slow over this long a period has no precedent in the UK since at least the end of World War II.'

https://ifs.org.uk/publications/conservatives-and-economy-2010-24

Who is Bloomer talking to right now?

Strange.