Business UK
UK Economy: ‘If they keep raising interest rates we will go into recession!’ warns Liam Halligan
‘If they keep raising interest rates I think they will drive the UK into recession.’
GB News Economics & Business Editor, Liam Halligan, reacts to GDP showing no growth in the three months up to May.
#ukeconomy #economy #interestrates #uknews
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Donald Trump hails “extremely positive and productive conversations” with China as the President speaks at a state banquet with the Chinese President Xi Jinping in Beijing.
#DonaldTrump #China #WorldPolitics #WorldNews #GBNews
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Watch as Will Kensington expresses concern about the state of the UK, arguing that Downing Street is no longer a place of power but has instead become Britain’s most expensive Airbnb.
This comes as Andy Burnham is set to become the UK’s seventh Prime Minister in a decade, with seemingly no one challenging the “King of the North” for the country’s top job.
#Labour #PrimeMinister #KeirStarmer #UKNews #GBNews
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Business UK
Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
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‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
#cabinetoffice #lgbt #uknews #ukpolitics #gbnews
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Join Martin for an up-to-the-minute take on the day’s events delivered in his own unique and lively style.
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France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
#paris #bastille #french #zelensky
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@anna_kendrick
December 19, 2023 at 12:22 am
My scenario. 401K maxed match $450, IRA $250, Savings $200, Vanguard Taxable VTSAX $100, the rest goes misc Bills. End of year invest excess saving. Any bonus gets invested. Emergency fund put into high yield money market fund. Pay off credit cards every month. Meal prep to save on cost. Trying to hit milestone of $800 monthly dividends. Currently at $600mthly. End game 4K monthly dividends. Live as frugal as possible. Its a long grind and takes time but worth it.
@uweinhamburg
December 19, 2023 at 12:22 am
You cannot talk about recession without talking about debt. When an economy grows at a minimal rate, but this growth is only based on borrowed money, what is it worth?
You can try to borrow your way out of a crisis situation, but for that you have to have enough substance that can be used as a collateral.
As a nation, the UK is in a giant mortgage trap….
@parrish8386
December 19, 2023 at 12:22 am
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
@johntaylor3940
December 19, 2023 at 12:22 am
All ready in Recesion in rural area,s
@neilpritchard5078
December 19, 2023 at 12:22 am
Talking about it as just interest rate % (saying gone up from say 1% to 5%) doesn't really show the reality of how bad it is, my remortgage has gone up 3.5% (1.59% to 5.1%) in reality/the real world that an extra 26%ish a month
@kayhussain8468
December 19, 2023 at 12:22 am
Wait till inflation 2.0
@brummierabbitman9637
December 19, 2023 at 12:22 am
That’s exactly what they want
@Treker-yv7nz
December 19, 2023 at 12:22 am
The only way to reduce inflation is to reduce people’s benefits they’re the ones out every day spending money they think it grows on trees give them food vouchers
@nikmwh
December 19, 2023 at 12:22 am
Glad Liam Is involved
@Happytruth
December 19, 2023 at 12:22 am
Inflation will be difficult to get rid of because even when people’s savings are gone they’ll use credit so stopping people spending is way harder than most think.
Recessions are a circumstance of killing demand so don’t be surprised.
@martinhill9261
December 19, 2023 at 12:22 am
I think he means depression.
@sweetfreedomGB
December 19, 2023 at 12:22 am
If they don't keep raising rates we will have embedded inflation. Keep raising them until people wake up!
@MaxMax-lj2ww
December 19, 2023 at 12:22 am
Robin Hood the real English man would not let this happen he must be ashamed of you English people.
@dennisthompson2350
December 19, 2023 at 12:22 am
A recession is what they want
@stevep9221
December 19, 2023 at 12:22 am
Proof of UK Ponzi scheme. First figure ONS HPI official released Bulletin and second is the real figures taken from Land Registry HPI data tool.
Dec-2022 ONS HPI reported 12 month rise 9.8% and Land Registry December 2022 figure using Land Registry HPI data tool 8.4%
Dec-2021 ONS HPI reported 12 month rise 10.8% and Land Registry December 2021 figure using Land Registry HPI data tool 8.1%
Dec-2020 ONS HPI reported 12 month rise 8.5% and Land Registry December 2020 figure using Land Registry HPI data tool 7.0%
Dec-2019 ONS HPI reported 12 month rise 2.2% and Land Registry December 2019 figure using Land Registry HPI data tool 0.9%
Dec-2018 ONS HPI reported 12 month rise 2.5% and Land Registry December 2018 figure using Land Registry HPI data tool 2.0%
Dec-2017 ONS HPI reported 12 month rise 5.2% and Land Registry December 2017 figure using Land Registry HPI data tool 4.6%
Dec-2016 ONS HPI reported 12 month rise 7.2% and Land Registry December 2016 figure using Land Registry HPI data tool 5.2%
Dec-2015 ONS HPI reported 12 month rise 6.7% and Land Registry December 2015 figure using Land Registry HPI data tool 6.9%
Dec-2014 ONS HPI reported 12 month rise 9.8% and Land Registry December 2014 figure using Land Registry HPI data tool 7.7%
Dec-2013 ONS HPI reported 12 month rise 5.5% and Land Registry December 2013 figure using Land Registry HPI data tool 5.4%
Note this is well over 10% or a Trillion pounds in difference in the reported UK average house price on the ONS HPI official bulletin and the actual real house price rises worked out on the Land Registry site. We were conned because they include 13 months in a year and the golden rule is there are only 12 of anything in a year especially when your months include all sales in that month to come up with a average change. The real figure up to the end of Dec 2022 is – (Jan 2022) £272,736 to (Dec 2022) £290,672 or 8.4% but even now it is quite clearly advertised as 9.8%. This is proof of the Ponzi. Remember there is only one UK Average House price and if there are two the second one has to be the Ponzi one. Fact check it?
@coolhand1966
December 19, 2023 at 12:22 am
Finally some interest on my savings. The party is over.
@simondaly9960
December 19, 2023 at 12:22 am
No. If the BoE and HM Treasury have both recalculated and artificially lowered baselines and GDP output figures since 1997, then we have never left inflation or recession.
@ladyofthelake6957
December 19, 2023 at 12:22 am
Deliberate “Recession “ Folks
Raising Interest Rates =DivingEconomy #DepressionEdgingCloser
@JesperAnders
December 19, 2023 at 12:22 am
Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be — and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of
@bigduphusaj162
December 19, 2023 at 12:22 am
All by design.
@andrewgibbs7279
December 19, 2023 at 12:22 am
For about 15 years I've looked at the situation and in my bizzare way, I thought:
At parties people tend to binge on what ever is on offer (generally food and drink)
After parties people tend to have hangovers. The severity of the hangover is generally proportional to the length of the party and the amount of binging.
The party started in 2008, where the banks offered money at astonishingly low rates of interest, low because an 'Emergency' interest rate was introduced.
The party (and apparently the emergency) last around 15 years, a lot of people binged.
The party is now over.
It's time for the hangover.
What an absolute shambles, all credit to the BOE and incompetent Govts.
@lw1zfog
December 19, 2023 at 12:22 am
all part & parcel of the ongoing WEF 6UILD 6ACK 6ETTER pogrom, inching you ever closer to CBDC’s, UBI & biometric digital ID’s, so that you can sit in zee pod und eat zee bugs, whilst being happy vit your nothing.
@paulgibbons2320
December 19, 2023 at 12:22 am
George Osborne promised us punishment if we voted the wrong way.
@user-ne1qw1ru3q
December 19, 2023 at 12:22 am
No the UK will revolt because we are on the edge at the min
@seamuspadraigsanders431
December 19, 2023 at 12:22 am
This has been the goal since the beginning proving project fear has come true so we rejoin the EU.
@user-yx8yb3is9x
December 19, 2023 at 12:22 am
Maybe we should get a proper unselfish government. Then maybe we will be Great Britain once again.
@Rosseboi
December 19, 2023 at 12:22 am
It's not the government's fault it's the PEOPLE'S fault. People voted for a two party system with BOTH parties selling its citizens down the river for globalisation.
Voter's are adults. If they're not educated on the repercussions from the parties they voted for it's their own fault.
I'm fed up watching governments ruin the west because of naive voters.
@Alex-nf5jy
December 19, 2023 at 12:22 am
Let's not start pretending Liz Truss isn't a complete f*cking disaster
@lukesaunders9321
December 19, 2023 at 12:22 am
Has anyone stopped to also take note there is a lag effect on both sides of the equation?
The high inflation is not the result of wages its the lag effect of printing and giving out money in abundance during tht pandemic. Like it or not that was thr trigger. The BoE did nothing when we were more than double its inflation target of 2% and then ** the bed when they woke up and saw the issue. They are now in panic mode and habe push rates so fast that most knowledgeable people will be aware its like slowing down a ship. It takes 3-6+ months to see the effect of these rises. Most of the unfortunate that took on too mucb debt for homes in the last few years are going to feel the pain of the latest increases in 6-12 months time. So if they raise higher it will be the equivalent of throwing out anchors once the ship has stopped. Im no expert but my observation says once they hit 6% they stop (maybe even now). It doesnt matter anymore most these people cant afford 6-7 let alone 8-9% 2:54
@Dan-jg7zl
December 19, 2023 at 12:22 am
The economy hasn't hardly grown in years. It just plods along, screwing the hard working people while the elites at the top get rich. Take our infrastructure for example, does that look like it gets suitable investment to you? Our roads are full of holes, our health service is overrun and crippled, our public transport system is utterly unreliable and aging and our city centres are run down and falling to bits. That is not a 1st world country. The UK is now on par with 2nd world countries. Most people I come across are fed up with the UK and would happily leave if they could. Total sh*thole of a country.
@bmac3093
December 19, 2023 at 12:22 am
Gdp is the worst indicator of the health of a country. It’s like a company reporting gross sales to the shareholders and thinking that’s a good indicator. 🤣🤡
@bmac3093
December 19, 2023 at 12:22 am
As long as rates are being raised it boosts bank profits so keeps failing gdp afloat
@crispyduck1706
December 19, 2023 at 12:22 am
The Bank of England should have raised interest rates a lot earlier than they did and stopped this inflation – they are next to useless as now they are keeping them higher than they should do – a change at the top is required
@uingaeoc3905
December 19, 2023 at 12:22 am
#unt and the Treasury want a recession and argue we should be in the EU. This is to reinforce the fact they want NO accountability or responsibilty to ordinary people.
@uingaeoc3905
December 19, 2023 at 12:22 am
The UK had THREE Bank Holidays in May.
@erushbass8326
December 19, 2023 at 12:22 am
Times are getting really bad.
I'm down to one bottle of Taylor's Very Old Tawney Port per day.