UK in Serious Trouble - Joe Blogs [View all]
The UK economy is starting to crack.
Growth has stalled, GDP has slipped into repeated contraction, unemployment is rising, and businesses are pulling back on hiring. At the same time, the Bank of England has been forced to cut interest rates not because things are improving, but because the slowdown is accelerating.
In todays video, we break down:
Why UK GDP has flatlined for months
How higher employer National Insurance has driven up business costs
Why job vacancies and job adverts are falling fast
Whats really happening in the UK labour market
And how a £2030bn fiscal black hole mysteriously disappeared before the Budget
Put together, these warning signs point to an economy under serious strain and the risk of recession is rising. Is the UK already breaking
or is the worst still to come?
Chapters:
0:00 Intro
1:54 INFLATION
4:04 MONEY SUPPLY
6:27 WAGES
7:21 NIC
9:28 UNEMPLOYMENT
10:00 RETAIL SALES
10:50 GDP
12:00 SUMMARY & CONCLUSION