There was good news and bad in Friday’s revised data about the UK economy. It grew — marginally — in the second quarter of the year, rather than shrinking as previously estimated. But the latest update from the Office for National Statistics also showed that the United Kingdom is the only G7 economy that has not recovered fully from the pandemic, with GDP still 0.2% smaller than at the start of 2020.
The OBR provides an independent assessment of the impact of government budgets on borrowing and growth. Truss and Kwarteng had rejected its offer to provide a draft analysis of last Friday’s fiscal bombshell. Mel Stride, a senior lawmaker from Truss’ Conservative party, said that the OBR was likely to deliver a very uncomfortable message on Friday. “I suspect strongly that it will be that this circle cannot be squared,” Stride told the BBC.
CNN talk utter rubbish.
Less Dollar! More Work !!
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no teeth
Thousands of English girls left to suffer by the Labour Party, NeverLabour LabourCouncils LabourFuture
Maybe we could send Biden over there, everyone says he’s done such a great job here. It’s worth a try.
Well colour me surprised!
I call bull 💩 there. No one has fully recovered.
BrexitBlunderBoyBoris TheNoPlanMan BadHairMcUseless OwnGoalAHole
StopHazarzaGenocide