The economy is crashing and you can thank austerity and the greedy rich for it

How is Philip Hammond going to make a silk purse out of this sow’s ear?

The UK is the slowest-growing advanced economy on earth, official statistics confirmed on Friday.

GDP grew at just 0.2 per cent in the first three months of the year; down from 0.7 per cent in the previous quarter, and confirming previous estimates, the Office for National Statistics reported.

This means that the UK economy, which had held up better than expected in the immediate aftermath of the Brexit vote, is now lagging behind all of the other countries in the G7 group of advanced nations and all other European countries.

(Source: UK is the worst-performing advanced economy in the world, official figures confirm)

Whatever he says, it’ll be too late because Marcus Chown got there first:

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7 thoughts on “The economy is crashing and you can thank austerity and the greedy rich for it

  1. Jeffrey davies

    Yet there are those who believe the tory lies of labour put us in debt and believe the lies of this party oh dear when will they wake up

  2. Rusty

    Mike, did you watch the show on london live, “the super rich and us” they talk about the economic model used by the tories is designed to move money from the poor to the rich! And the trickle down economy is a lie!!!

      1. Rusty

        Yes mate, we do, nick farrari interviewed a professor of tax and economics this morning and the prof explained how money is made and how tax returns works! Poor old nick couldn’t get his head around it! Worth a listen on podcast if you missed it!

  3. Dez

    Well maybe these pundits and politicians should stop quoting that the UK is the 5th richest country in the world and we should be doing this that and t’other sounds like it is fake news.

  4. Zippi

    In the words of £ord Oakeshott, Gideon was a chancellor in work experience! ‘Tis pity that he didn’t have anybody who was competent to instruct him, whilst on the job!

Comments are closed.