{"id":84497,"date":"2025-07-30T08:31:54","date_gmt":"2025-07-30T07:31:54","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=84497"},"modified":"2025-07-30T08:31:54","modified_gmt":"2025-07-30T07:31:54","slug":"its-not-just-the-usa-were-heading-down-as-well","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/07\/30\/its-not-just-the-usa-were-heading-down-as-well\/","title":{"rendered":"It’s not just the USA: we’re heading down as well"},"content":{"rendered":"

I have just noted<\/a> that the US might be facing an economic tipping point this week.<\/p>\n

Then I read this from The Telegraph<\/a>, which suggests that we in the UK are as well, meaning our stock exchange must follow in due course:<\/p>\n

<\/p>\n
<\/p>\n
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British business activity is\u00a0expected to shrink\u00a0at its fastest pace since the depths of the pandemic in 2020 amid growing pessimism since Labour took power.<\/p>\n

Economists warned the \u201cnegative sentiment\u201d had no end in sight, with activity across \u201call parts\u201d of the British economy expected to keep shrinking over the next three months, according to the Confederation of British Industry (CBI).<\/p>\n

Its latest barometer of private sector output ... was the most negative since October 2020, when Boris Johnson, the former prime minister announced the second national lockdown during the pandemic.<\/p><\/blockquote>\n

They added:<\/p>\n

Bosses were also wary about the impact of global trade policy, even though the UK has escaped with one of the\u00a0lowest additional tariffs from Donald Trump\u00a0among major advanced economies.<\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Let's not pretend otherwise. This is not going to end well, and we have a Chancellor utterly out of step with reality whilst this is going on around her.<\/p>\n

The portents are really not good.<\/p>\n","protected":false},"excerpt":{"rendered":"

I have just noted that the US might be facing an economic tipping point this week. Then I read this from The Telegraph, which suggests
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136,35,118,106],"tags":[],"class_list":["post-84497","post","type-post","status-publish","format-standard","hentry","category-city-of-london","category-economics","category-labour","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=84497"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84497\/revisions"}],"predecessor-version":[{"id":84498,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/84497\/revisions\/84498"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=84497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=84497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=84497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}