UK Politics
General Discussion for politics in the UK.
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That screeching is less universal then the press would suggest.
A 0.1% drop after a 0.4% rise is the best actual data they have. So all the claims of collapsing economy are exaggerated predictions not facts. But gowd are the press trying to push it as fact.
The econ is on a prestige. But the cause was the huge borrowing and lack pf regulation on spending during covid. It has left the UK with huge wealth disparity added to an international loan market that is less trusting of UK finances. Meaning the cost of borrowing has risen compared to gdp. Making spending harder. Increased inflation would actually help the gov by making current debt cheaper but harm the poor.
But dispite the tory press. The increase in borrowing costs are directly related to tories time in power and increased borrowing.