UK Politics
General Discussion for politics in the UK.
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[email protected] appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
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It's a significant symptom.
It's really not, inflation and recessions are two very different things in economics
A recession is a downturn in business activity
Inflation is price rises due to too much money chasing too few goods or restrictions in supply causing demand to exceed causing scarcity.
https://www.which.co.uk/news/article/what-would-a-recession-mean-for-your-money-aRril9c11zDK
"Rising costs will see businesses and consumers trying to save money. For employers, this could mean forgoing pay rises, leaving workers with lower real-terms paycheques to cover spiralling energy bills and inflated grocery prices."
Did you even read your link
Yes, and my point is that the growth being reported isn't representative of reality.
I don't understand what you mean
Economic statistics are literally representative of reality.