Lazarou Monkey Terror πππWill she TAX THE RICH or find ways to squeeze more pennies out of us little people?
What do we think?
https://www.theguardian.com/politics/2025/aug/06/tax-rises-budget-deficit-rachel-reeves-niesr
earthbeingxAfter 15 years of #stagnation, parts of #UK are now poorer than the poorest parts of Slovenia and Lithuania (report by #NIESR see extracts & link below).
The #ConservativeParty / #Tory came into #government (#TheresaMay #BorisJohnson #LizTruss #RishiSunak) and messed up!
But #Labour (#KeirStarmer) hasn't been doing a good job either. It now has 4 years to prove itself. Time flies.
Link: https://niesr.ac.uk/publications/uk-living-standards-review-2025.
#UKPolitics #UKeconomics #standardofliving #economy #politics #lifecrisis #life
MediaFaro AnalysisUK drops down list of affluent nations after decade of stagnation.
The UK has tumbled down the league of affluent nations after almost a decade of welfare cuts and stagnant incomes, according to a report that found the poorest districts in Britain now rank below the lowest-income areas of France, Malta and Slovenia.
The National Institute of Economic and Social Research said the UKβs reputation for high living standards was under threat.
ExTraders Globalπ The NIESR Monthly GDP Tracker for August shows a slowdown, coming in at 0.3% compared to the previous 0.5%. Economic growth is cooling off. #UKEconomy #GDP #NIESR #EconomicData
However, the pace of rate cuts is expected to be more gradual than market expectations due to persistent core inflation, elevated wage growth, and ongoing geopolitical uncertainties. #UKeconomy #NIESR #EconomicOutlook #Inflation #InterestRates #GeopoliticalTensions #BankofEngland
Inflation in the UK is anticipated to dip below the Bank of England's (BoE) target of 2% in April, settling at 1.5%, primarily driven by the decline in energy prices. Consequently, the BoE may initiate interest rate cuts starting in May in response to the downward trend in inflation. #UKeconomy #NIESR #EconomicOutlook #Inflation #InterestRates #GeopoliticalTensions #BankofEngland
However, escalating transportation costs and oil prices due to geopolitical tensions in the Middle East pose significant downside risks to growth and potential upside risks to inflation. #UKeconomy #NIESR #EconomicOutlook #Inflation #InterestRates #GeopoliticalTensions #BankofEngland
According to a recent study by the National Institute of Economic and Social Research (NIESR), Britain's economy is estimated to have entered a recession in the latter half of last year. Despite a meager growth of only 0.3% in the previous year, the outlook for economic growth remains bleak in the medium term. Projections suggest a modest expansion of 0.9% for the current year. #UKeconomy #NIESR #EconomicOutlook #Inflation #InterestRates #GeopoliticalTensions #BankofEngland