The UK’s growth forecast has been slashed but you won’t see any of it anyway – so why worry about it?
The Bank of England has halved its growth forecast for 2025 from 1.5 per cent to 0.75 per cent.
But this is money going to big corporations and organisation, employers, shareholders and board members. It doesn’t have anything to do with employees or other ordinary people.
Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!
Keir Starmer and Rachel Reeves won’t tax the rich on the huge profits they make, preferring to rely on the mythical “trickle-down effect” that Starmer himself once described as a “piss take”.
So don’t panic about the economy; it won’t worsen your finances any more than they already have been.
If you’ve got a mortgage, you might benefit from the interest rate drop from 4.75 per cent to 4.5 per cent, but that is a side-effect of what the bank wants to achieve.
Lowering interest rates encourages businesses to spend or invest their money and is intended to aid economic recovery and that is why the Bank has done it.
So relax – it’s not about you. And the only way it will be is when you actually put your head above the parapet and demand it.
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The first collection, Strong Words and Hard Times,
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UK’s growth forecast has been slashed but you won’t see any of it anyway
The UK’s growth forecast has been slashed but you won’t see any of it anyway – so why worry about it?
The Bank of England has halved its growth forecast for 2025 from 1.5 per cent to 0.75 per cent.
But this is money going to big corporations and organisation, employers, shareholders and board members. It doesn’t have anything to do with employees or other ordinary people.
Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!
Keir Starmer and Rachel Reeves won’t tax the rich on the huge profits they make, preferring to rely on the mythical “trickle-down effect” that Starmer himself once described as a “piss take”.
So don’t panic about the economy; it won’t worsen your finances any more than they already have been.
If you’ve got a mortgage, you might benefit from the interest rate drop from 4.75 per cent to 4.5 per cent, but that is a side-effect of what the bank wants to achieve.
Lowering interest rates encourages businesses to spend or invest their money and is intended to aid economic recovery and that is why the Bank has done it.
So relax – it’s not about you. And the only way it will be is when you actually put your head above the parapet and demand it.
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Be among the first to know what’s going on! Here are the ways to manage it:
1) Register with us by clicking on ‘Subscribe’ (bottom right of the home page). You can then receive notifications of every new article that is posted here.
2) Follow VP on Twitter @VoxPolitical
3) Like the Facebook page at https://www.facebook.com/VoxPolitical/
Join the Vox Political Facebook page.
4) You could even make Vox Political your homepage at http://voxpoliticalonline.com
5) Follow Vox Political writer Mike Sivier on BlueSky
6) Join the MeWe page at https://mewe.com/p-front/voxpolitical
7) Feel free to comment!
And do share with your family and friends – so they don’t miss out!
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Buy Vox Political books so we can continue
fighting for the facts.
Cruel Britannia is available
in either print or eBook format here:
The Livingstone Presumption is available
in either print or eBook format here:
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:
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