Chancellor Rachel Reeves has been warned by official forecasters that she is on course to break her own ‘fiddled’ Budget rules – paving the way for spending cuts or more tax rises. It was reported yesterday that the Office for Budget Responsibility (OBR) has downgraded its UK growth outlook, resulting in the loss of nearly £10 billion in ‘headroom’.Continue reading “Chancellor And Executioner: A Recession Is Looming In Britain Today”
Tag Archives: Recession
Labour Voters Hate Starmer More Than Thatcher
According to a poll, even Labour’s own supporters believe that Keir Starmer is proving to be a worse prime minister than Margaret Thatcher. More in Common’s research provided more proof that Sir Keir’s start in No. 10 has left the British people utterly disappointed. Questioned who has been the best premier in the past 40Continue reading “Labour Voters Hate Starmer More Than Thatcher”
UK economy Is ‘Turning A Corner’, Says Rishi Sunak
Britain is out of recession after official figures showed the economy ‘going gangbusters’ in the first quarter of the year. The GDP rebounded from its decline at the end of 2023 and increased by 0.6% in the first three months of 2024, quicker than anticipated. A recession is defined as two consecutive quarters of contraction.Continue reading “UK economy Is ‘Turning A Corner’, Says Rishi Sunak”
‘Sugar Rush’ Of Tax Cuts Before Election Fuels Recession Fears
A leading think tank has warned that the Government is in a ‘terrible bind’ – whoever wins the next election. The Institute for Fiscal Studies says weak economic growth and stubbornly high inflation leave ‘no room’ for unfunded tax cuts or spending increases any time soon. One problem is the amount the government is shellingContinue reading “‘Sugar Rush’ Of Tax Cuts Before Election Fuels Recession Fears”
Charles Will Give Staff A One-Off Bonus Of £600 Out Of His Own Pocket
According to sources, King Charles III will hand staff on lower wages a bonus out of his own pocket to help them to get through the cost of living crisis. A newspaper outlet reported that the new ruler has told hundreds of royal employees that they will be given up to £600 on top ofContinue reading “Charles Will Give Staff A One-Off Bonus Of £600 Out Of His Own Pocket”
THE MONTHLY MOSQUITO 