No one with any simple economic understanding would use one quarter as a reference for anything. Movements of 0.1 or 0.2 on GDP are rounding and not a guide to anything.

The UK economy is not an outlier when compared to Europe or North America but you continually pick on some irrelevance to try and score a political point.

You seem to be saying that every other " major ' economy has recovered " what was lost during Covid. How are you measuring that? GDP?

FYI the BBC article is not accurate if that is your reference.

Such generic contrasts are easy to manipulate.

Edited by HKOwen (11 Nov 2022 11.07pm)

Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

Campbell is totally untrustworthy

[Link]

The markets don't "regard" anything! They aren't people with brains and opinions. They react to people with brains and opinions. People who are not coordinated in any way at all.

So when the markets did not react negatively to our response to the Covid crisis it could only be because people had confidence that the decisions taken were wise in the circumstances, and that although costly they were better than the alternatives. They were seen to be able to keep the country functioning, avoiding too many business failures and an economic meltdown, so that a strong recovery, taking advantage of pent up demand, would follow when it was over.

Then we got hit by the Ukrainian war, rising energy costs, supply chain shortages, worldwide inflation and the residual impact of Brexit.

So when Truss decided to introduce an unfunded, unthought through package, people could see it wasn't going to work and the markets reacted. Not because they hold an opinion, but because people got nervous.

Seeing a conspiracy around every corner isn't good for your health. You should stop paying attention to people like Paul Joseph Watson.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

I tend to view things mentioned in the above posts on a slightly different perspective.

Scientific Guidance for Covid was always politically led ££££. Sir Chris Whitty should hang his head, and others.

Fundamental flaws in a Covid Strategy. Track and Trace, leaving people in care homes to die.etc. Or perhaps these errors of judgement were made under the influence of excess alcohol, during many Government works meetings where heavy drinking was par for the course.

The Covid Contracts trough. What was (in any other circumstances) an illegal awarding of huge contracts to friends, relatives and business acquaintances with no accountability.

The markets had no choice but to react to whatever was put in front of them during Covid, but let's not pretend they also had no influence on Government policy. The Government was at pains to protect the economy.

There is no residual impact of Brexit. Europe was always going to make an example of the UK, and totally try to fck us over at every turn. This will continue forever.

Rising energy costs. An absolute pl55-take of the free-market economy. Where captive markets are exploited to their fullest to provide Government tax, profit and dividends for shareholders. All of the energy /fuel companies are posting record profits from the last couple of years. There is no need for prices to be this high, and the warnings of winter black-outs and no heating are complete bullocks.

The Ukrainian invasion was a convenient distraction for the West, which they provoked by getting Ukraine to join the NATO expansion. Now a glorified live-firing range for the arms manufacturers and dealers to sell their wares. No Government(s)-negotiated solution or cease-fire, just the murdering of civilians and destruction of a country while NATO took a step back.

So, we clap for nurses then don't want to pay them
We put Ukraine flags in our windows, whilst the arms companies pay dividends to share-holders
And the UK is free-falling into a third-world economy.

And who is paying for poppies on Rememberance Day? our ex-service people should be looked after by Government funds and arms companies profits. The people that sent them to war. Not charitable donations from the public.

Just my opinion(s), in the current climate.

Attachment: Bow Street rememberance.JPG (3,969.52Kb)

I disengage, I turn the page.

Having worked U.K. the public sector, it is not uncommon for some, who get senior jobs, working for the Ministers, to be K***s, not all though. Many get the jobs based on them talking a good game, rather than having any experience in the relevant field.
I do not know whether this story is true but I do know, having witnessed and been on the receiving end, that some senior Civil Servants, are happy to dish it out.

It's not only the public sector. It happens everywhere, though possibly not so much, but of that I cannot comment as I never worked in the public sector.

Have you ever heard of the "Peter principle"? The idea that people get promoted to the level of their incompetence?

It is still alive and well in many places!

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.