Consumer confidence in the UK continues to accurately reflect the fact that the government is doing its utmost to trash the economy by refusing adequate pay increases, creating industrial conflict and by choosing to let the Bank of England impose wholly unnecessary increases in interest rates that increase the price of money when escalating prices are meant to be the problem that they are tackling.
The evidence is in this tweet:
The data is from Gfk and the chart from the FT.
UK consumers have never before so persistently thought that their outlook was bad. No wonder we are in a recession.
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That graph provides an interesting distinction between the two parts of the UK’s political duopoly.
Almost all of those big negative spikes seem to occur when the Conservative and Unionists have their fingers in the till.
As a sad, yet interesting, statistic; that’s 73% of my life so far.
I’m going for a strong coffee.
You are quite right! I suppose that is because the Tories always work against the majority of people’s interests. I wonder if the little spike at about 2016/2017 was because of the election of Jeremy Corbyn? Those days of hope seem long behind us now.
Of course, the removal of that little ray of hope was largely down to the efforts of the current Labour front bench, buttressed by ‘friends of Israel’ and the influence of the British American Project, plus the whole might of Tory influence, the media and their owners. If anyone holds any illusions about Labour actually doing anything useful, Streeting should’ve dispelled even that.
Richard, just a quick question. Are you still posting on Facebook? I used to see all your posts – and re-posted most of them – but had to search today and last entry I can see was September.
Thanks
Peter Corby
I am…on Tax Research