This morning’s ONS GDP data shows that the economy is stagnant. That is unsurprising. The government wishes to squeeze the life out of people’s spending power. It is succeeding in doing so. Of course this is the result.
@RichardJMurphy I’m sure that picture makes an important point, but there is no image description, so visually impaired screen reader users can’t know what it shows. It would be a great help if you could add image descriptions to any photos you post. It would also help increase the reach of your posts as many of us won’t boost a post with an undescribed image. Thanks.
@RichardJMurphy our nation is being asset stripped, just as it was in the 1980s under Thatchers Tory rule. This is their modus operandi. It will never change. Always the 35% see an opportunity to enrich themselves a little more than their neighbours and vote Tory. Enough for a slim majority in Parliament under FPTP. We either change our voting system and embrace more democracy, or change human nature. Only one is possible. Under FPTP 1 vote Tory is worth 1.5 for labour and 3 for libdems.
@RichardJMurphy is there any good economic reason to squeeze the life out of people's sending power, which economic theory is that?
@RichardJMurphy no surprise there. If you put money in the hands of the richest 20% they hoard it. If you put it in the hands of the other 80%, they spend it.