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TOPIC: U.K. in Recession

U.K. in Recession 1 month 1 week ago #3509283

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A recession is a macroeconomic term that refers to a significant decline in general economic activity .

Pretty much predictable following a lockdown due to a pandemic..
Happy to help.
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U.K. in Recession 1 month 1 week ago #3509291

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The World is in recession. After the lockdown it was forecast we'd suffer a recession, it was inevitable. Eventually we'll recover probably faster now we aren't funding the demands of a corrupt EU dictatorship.
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U.K. in Recession 1 month 1 week ago #3509492

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We’re in recession, and worse than almost anyone else, which is this government’s fault
The UK real GDP fell by 20.4% 2nd 2020, the largest quarterly contraction on record.
France -13.8%, Italy -12.4%, Canada -12%, Germany -10.1%, US -9.5%, Japan -7.6%. Spain did worse than the UK but by a fraction.
“Someone has said that it requires less mental effort to condemn than to think.”
The following user(s) said Well Said: Annette

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U.K. in Recession 1 month 1 week ago #3509527

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How long did it take UK to get out of recession in 1970s ? Did we ever get out? Then 2008, we were still in " austerity mode" when CV19 arrived. Imho, UK will take a long time to recover from this, if ever. What about " pay back" for the spending spree of furlough and other schemes? Those who are " holidaying" on a postponement from HMRC are going to have a rude Xmas?
When the furlough scheme stops shortly, there will be a further " weeding out" of unnecessary staff? The virus is still " with us" as is apparent from hotspots and claims of " second wave" and I believe that a significant proportion of the population will continue to shield to some extent and husband their resources. " Working from home" ( WFH!) may become commonplace thus depriving cities of much needed daily commerce and revenue. Until an effective vaccine is found and distributed, I find it hard to envisage anything like a " recovery". Welcome to the "new normal" !
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U.K. in Recession 1 month 1 week ago #3509562

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In Cornwall, they are ruining our county with cheap horrible little houses, a real eyesore in a traditional county. More and more people moving here when we just don’t have the resources to cope with the growing population.

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U.K. in Recession 1 month 1 week ago #3509593

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How much did Britain really pay into the EU budget?

One of the key fault-lines in the UK’s EU referendum campaign centres on the size of the country’s contributions to the EU budget. Claims and counter-claims abound and it should come as no surprise that both sides of the debate tend to cherry-pick the statistics that support their side of the argument. Both are also prone to misrepresenting the facts and neglecting data that tell a different story.

So how much does the UK contribute? Conceptually there are several different ways of measuring the flows to and from ‘Brussels’ through the EU budget and this accounts in part for the general sense of confusion that surrounds the subject. All EU members pay in to the budget and all receive money from EU spending programmes, ranging from the Common Agricultural Policy to the Horizon 2020 research initiatives. However, some EU spending does not directly come back to members because it is for policies implemented collectively, notably to support what the EU does in the rest of the world, such as spending on humanitarian aid. And a relatively small proportion of EU spending (around 6 per cent) is earmarked for the administrative costs of running the Union.


Overall, the EU budget amounts to around one per cent of the total annual output of the EU, as measured by gross domestic product (GDP). To fund it, member countries are expected to contribute one per cent of their respective national GDPs. However, ever since Margaret Thatcher negotiated the famous rebate in 1984, the UK has been required to pay less than this proportion, with others then obliged to pay relatively more to make up the difference. The result is that the actual amount that the UK ‘sends to Brussels’, to use a phrase often employed in the debate, is not the hypothetical gross contribution, but an amount that has already been reduced because of the rebate.
encompass-europe.com/comment/how-much-do...y-into-the-eu-budget

But hey, who cares about facts? Boris and his matey on the other side of the ocean dont, and people seem to accept it.

And where Boris thinks he can do it all on his own, UK first, he cant expect the EU to help out.
Tough luck.
LEAVER DEA AS SLAEF !
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Last edit: by Annette.

U.K. in Recession 1 month 1 week ago #3509598

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So let us spend our way out of recession. Looking to do my bit, but there's nothing I want to buy at the moment. :ohmy: :laugh:

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U.K. in Recession 1 month 1 week ago #3509622

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ElsieD wrote: In Cornwall, they are ruining our county with cheap horrible little houses, a real eyesore in a traditional county. More and more people moving here when we just don’t have the resources to cope with the growing population.


Cheap houses are exactly what are needed for the young people of Cornwall who otherwise have no chance of getting on the property ladder, thanks to the inflated housing market, caused by rich people wanting to have holiday homes there. Why should local young people have to move away from where they grew up just so Mr & Mrs Moneybags can own a holiday home which they probably use just a couple of weeks every year.

House building is also good for the economic recovery......just to keep on topic.
Better to be thought a fool........
than to open your mouth and prove it!
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Last edit: by NewTricks.

U.K. in Recession 1 month 1 week ago #3509705

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Cheap houses are exactly what are needed for the young people of Cornwall who otherwise have no chance of getting on the property ladder, thanks to the inflated housing market, caused by rich people wanting to have holiday homes there. Why should local young people have to move away from where they grew up just so Mr & Mrs Moneybags can own a holiday home which they probably use just a couple of weeks every year.

I absolutely agree with you - but there is a problem. The amount of second home ownership in Cornwall has already pushed prices far above the actual value of the properties. Just out of interest I searched to see what was the cheapest house I could find , I.e. not a park home, holiday chalet or flat, shared ownership or retirement home. It was a long trawl but eventually I found an end terrace house in Bodmin for £99,950 which, on a 25 year mortgage, would mean repayments of £400 per month. Not bad......... however...

Bedroom 2 is 7’10” x 5’7” (so a decent sized cupboard then) and the shower room is 6’ x3’3” - any cat swung in there would get severe concussion....... The staircase takes up most of the 9’ wide living room..... my point being that it is certainly not a family house.

Wages in Cornwall are low and jobs are scarce. Anyone who saw the series of programmes about Cornish fishermen earlier this year will already be aware that even the share fishermen whose families have lived in the county for generations cannot afford to buy a house in their home town or village.

My children were born and grew up in a coastal village in Norfolk. Neither could afford to buy there. As of today the cheapest property is a semi-detached, three bedroom ex local authority house priced at £325,000! The same problems exist here as they do in Cornwall and in many other seaside communities. The moneyed people of that village have resisted any move to build affordable homes - result, dying village. Other villages with more sense have a community of young families who send their children to the village school and are thriving.

From what I saw of the Cornish property market they are building quite a lot of shared ownership properties - an excellent way of keeping second home buyers away while allowing communities to perpetuate by providing affordable housing for young families.
The following user(s) said Well Said: NewTricks

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U.K. in Recession 1 month 1 week ago #3509730

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The way out Is to 'Buy' British. >> If its manufactered or cultivated here. Buy It. Skip the glamour.
State procurement first. Why? Police, Ambulance and Public Transport vehicles imported. Example. MB and BMW etc. versus Ford, Vauxhall, Leyland etc.
If exotic is the choice. Then up tax it.
If it's not here already. Our Inventiveness and Internal Investment would soon react and make it available.
State fiscally supported if necessary, at startup.
No axe to grind if foreign investment, even ownership involved. So long as its manufactured here.
Yes theres already much Blah blah along theses lines. Now. Start the Walk and Sideline the Talk. PDQ.
"Out of the Eyes and Words of Children. We 'May', be best Known."

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