deepest recession in UK’s history

[Samm]

https://twitter.com/edconwaysky/status/1293427294833463296?s=21

:) our government have done such a fantastic job :)

[Niamh.]

I think a lot of countries will be tbf not much avoiding it what with this pesky pandemic!

[Samm]

I think a lot of countries will be tbf not much avoiding it what with this pesky pandemic!

I mean probably yes. doesn’t hide the fact that we’ve had the worst economic downfall in europe though.

[Oliver_W]

BoJo's handling of the crisis has been pretty dire.

[Ammi]

...yep, we need to hold on tight...:hug:..

[Smithy]

Worst death rate in Europe and the worst recession in Europe :clap1: got to give it to the tories, the did an amazing job managing to neither save lives or the economy

[Samm]

...yep, we need to hold on tight...:hug:..

:love:

[user104658]

I mean probably yes. doesn’t hide the fact that we’ve had the worst economic downfall in europe though.

Not to stick up for BoJo but this has little to do with how things were handled this year, more to do with City of London neoliberalism. It was inevitable that the UK would suffer more than any other European nation, simply because of London.

Still the Tories' fault of course - but inevitable since Thatcher hooked our entire economic future to neoliberalism/global markets and the performance of London markets.

[The Slim Reaper]

Wait till no deal brexit comes along in a 4 months and gives us another kick in the balls/tuppence.

[DouglasS]

https://twitter.com/edconwaysky/status/1293427294833463296?s=21

:) our government have done such a fantastic job :)

I mean it’s the biggest pandemic the U.K. has faced since aids, it may be to do with that rather than the government :laugh:

[James]

It's caused by the lockdown which all politicians in the country seemingly signed up for. :shrug:

[user104658]

Wait till no deal brexit comes along in a 4 months and gives us another kick in the balls/tuppence.

I actually think it'll end up being "absorbed" into the pandemic recession. The Brexit recession would never have been anywhere near as bad as the global recession that's coming from Covid, and at the very least it'll be very difficult to separate out which parts of the drop are Brexit-related and which Pandemic-related. Hugely frustrating that there will be no way to measure the extent of Brexit damage that isn't ambiguous.

[The Slim Reaper]

It's caused by the lockdown which all politicians in the country seemingly signed up for. :shrug:

I mean, we had 2/3 months lead in. Boris buggered off on holiday again. made no plans, wanted to keep the country open (feb 23rd speech), then went on Phil and holly and suggested we take it on the chin, didn't turn up to cobra meetings. Sage recommended masks back in March and the list could go on.

Lockdown is responsible for the recession, but how we got to lockdown and our preparation isn't as black and white as you suggest.

[James]

I mean, we had 2/3 months lead in. Boris buggered off on holiday again. made no plans, wanted to keep the country open (feb 23rd speech), then went on Phil and holly and suggested we take it on the chin, didn't turn up to cobra meetings. Sage recommended masks back in March and the list could go on.

Lockdown is responsible for the recession, but how we got to lockdown and our preparation isn't as black and white as you suggest.

Locking down earlier (and keeping it for longer) would have made the economic damage even worse.

[The Slim Reaper]

I actually think it'll end up being "absorbed" into the pandemic recession. The Brexit recession would never have been anywhere near as bad as the global recession that's coming from Covid, and at the very least it'll be very difficult to separate out which parts of the drop are Brexit-related and which Pandemic-related. Hugely frustrating that there will be no way to measure the extent of Brexit damage that isn't ambiguous.

I admire your optimism. I'm the other side, I believe it will exacerbate it. It will give the tories something to blame it on, but our recovery will be far slower than our neighbours and soon to be competitors.

[Oliver_W]

Highest death rate and deepest recession is really hard to forgive. If he threw economic caution to the wind and locked everything down for a few months, we could have had an incredibly low mortality rate and people would be more forgiving about a recession.

[Smithy]

Locking down earlier (and keeping it for longer) would have made the economic damage even worse.

Yes but we would have had a much lower death rate

[The Slim Reaper]

Locking down earlier (and keeping it for longer) would have made the economic damage even worse.

We had a lead in time to prepare and did nothing. We waited to see what would happen, and reacted. Preparation and ignorance of what was happening to our neighbours is my biggest issue. Of course a longer lockdown would have been worse for the economy, but we had the time to try and avoid these issues, but we all just sat waiting for it to hit us.

[Liam-]

Highest death rate and deepest recession is really hard to forgive. If he threw economic caution to the wind and locked everything down for a few months, we could have had an incredibly low mortality rate and people would be more forgiving about a recession.

.

We can bounce back from a recession, we’ve done it plenty of times, it probably would have earned them some capital with people who aren’t fans if we had a lower death rate, but to have the highest death rate and the worst economy is inexcusable

[arista]

Yes Sam
its all over the World.

[Scarlett.]

It was to be expected, and unpreventable.

[Tom4784]

This is down to nothing but the Tories' lethargic response to the pandemic.

[bots]

well it really didn't matter what Boris did, he has been blamed and criticised throughout. Plenty of it is justified, but the economy and health and the trade offs are very difficult to get right even if historical data had existed, and I certainly wouldnt have wanted to make those decisions, so I'm not going to blame Boris for it either.

None of us have any idea how it's all going to pan out yet either here or world wide

[Mystic Mock]

https://twitter.com/edconwaysky/status/1293427294833463296?s=21

:) our government have done such a fantastic job :)

Brexit meets Covid was always gonna severely harm us Economically imo.

However I do think that a lot of countries (including the UK) could've done a lot better than we have done this year. We responded to the Covid crisis too late.

[Cherie]

Recessions are cyclical, we were pretty much due one anyway so may as well get on with it

Cyclical recessions and economic depressions have always been an integral part of the market economy in the last five centuries. With each contracting cycle occurring on average every five to ten years within longer cycles of structural expansion of contraction

[joeysteele]

Brexit meets Covid was always gonna severely harm us Economically imo.

However I do think that a lot of countries (including the UK) could've done a lot better than we have done this year. We responded to the Covid crisis too late.

I agree.

We played reactive catch up for way too long.
On the pandemic.
On that, this government has been diabolical out of just about ALL other Nations.
The death rates a national scandal.

Now this recession.
Again, it was obvious a recession would be forthcoming from this and that it would be bad.
No matter who was in power.

So one has to hope they've planned more for this, they've had near 5 months to build and prepare for it.
It didn't just suddenly hit.

So we need to wait to see what they do now.
Do they strike the right balance, do they ensure those needing the most assistance in losing their jobs, get it.
That help is in the right place and to the right people.

The problem with this government is, they don't listen properly initially or consult properly either.

The pandemic, I'd give them at best 2 out of 10.
Most of that 2 to Rishi Sunak.

The recession, well fasten our seat belts.
This could be a ride of horror.
Unless Johnson and his group have, any surprising, valid and appropriate plan.

I sadly doubt they have but will try to optimistically hope they may have.

[Kizzy]

Recessions are cyclical, we were pretty much due one anyway so may as well get on with it

Cyclical recessions and economic depressions have always been an integral part of the market economy in the last five centuries. With each contracting cycle occurring on average every five to ten years within longer cycles of structural expansion of contraction
There's usually a catalyst, a war of some description say. We weren't just 'due' one, the idea of recession is to allow governments time to financially recover and or pay off debt. It was always stated clearly the tories were well on track with that. So either the pandemic has caused this, or they lied.

[Mystic Mock]

I agree.

We played reactive catch up for way too long.
On the pandemic.
On that, this government has been diabolical out of just about ALL other Nations.
The death rates a national scandal.

Now this recession.
Again, it was obvious a recession would be forthcoming from this and that it would be bad.
No matter who was in power.

So one has to hope they've planned more for this, they've had near 5 months to build and prepare for it.
It didn't just suddenly hit.

So we need to wait to see what they do now.
Do they strike the right balance, do they ensure those needing the most assistance in losing their jobs, get it.
That help is in the right place and to the right people.

The problem with this government is, they don't listen properly initially or consult properly either.

The pandemic, I'd give them at best 2 out of 10.
Most of that 2 to Rishi Sunak.

The recession, well fasten our seat belts.
This could be a ride of horror.
Unless Johnson and his group have, any surprising, valid and appropriate plan.

I sadly doubt they have but will try to optimistically hope they may have.

Tbh I have no faith in British Politics at this point if I'm being entirely honest, all of the better Politicians in the Tories and Labour never get a shot at power, and Boris imo is doing a better job than May and Cameron ever did for this country imo (as at least he gave out the Furlough scheme) but like you I'd never trust him to fix our Economy.

[user104658]

Recessions are cyclical, we were pretty much due one anyway so may as well get on with it



Cyclical recessions and economic depressions have always been an integral part of the market economy in the last five centuries. With each contracting cycle occurring on average every five to ten years within longer cycles of structural expansion of contraction

This one is going to be a bit extra-special, though.

[Kizzy]

He agreed to a furlough scheme, he won't have been the architect. There was no other option in a lockdown.

[Cherie]

This one is going to be a bit extra-special, though.

Oh well, not much point crying about it imo

[Samm]

Locking down earlier (and keeping it for longer) would have made the economic damage even worse.

No it wouldn’t of have. If we stopped the planes coming in from other countries for ages and a more stricter response at the start. We would of had less cases, meaning lockdown wouldn’t of been as long.

[Jigs]

Jacinda Arden is laughing at the fat sack of spuds we call our PM :hehe:

Saying that, I feel blessed that we aren't America...

[caprimint]

Yes because it's really fair to judge any government in the middle of a pandemic

[Samm]

Yes because it's really fair to judge any government in the middle of a pandemic

Well since countries like New Zealand, Taiwan, Singapore and Germany have received positive outlooks from their response, with leaders of each of those countries gaining better approval ratings. It is extremely fair to judge a government.

We live in a democracy, governments need to be challenged every step of the way, for good and for the bad.

[Zizu]

Sky News had experts on today suggesting we will be out of the recession in the next week or so ..


Sent from my iPhone using Tapatalk Pro

[Cherie]

Sky News had experts on today suggesting we will be out of the recession in the next week or so ..


Sent from my iPhone using Tapatalk Pro

:joker:

The BoE said last week it wouldn’t be as bad as first feared, so pretty pointless listening to any of them given we have never lived through a pandemic of this nature before

[Daniel-X]

No it wouldn’t of have. If we stopped the planes coming in from other countries for ages and a more stricter response at the start. We would of had less cases, meaning lockdown wouldn’t of been as long.

:clap1:

Sick of hearing stuff like ‘I’d like to see XYZ do a better job than Boris’, they handled the situation terribly and they’re the ones at fault.

[Daniel-X]

Yes because it's really fair to judge any government in the middle of a pandemic

The government are there to be judged, it’s not like any other day to day job.