Starmer's Leadership: Britain's Economy Will Eventually be "Closer to Guyana"
Published by Campbell M Gold in Blowing in the Wind · Sunday 29 Dec 2024 · 3:15
Tags: Starmer, leadership, Britain's, economy, Guyana, U.S., living, standards, economists, No, 10, Downing, Street, Christmas
Tags: Starmer, leadership, Britain's, economy, Guyana, U.S., living, standards, economists, No, 10, Downing, Street, Christmas
Britain's Economy is Burning
The following concerning report has just blown in...
As Starmer's Draconian Leadership Dramatically Worsens Living Standards, Britain’s Economy will be "Closer to Guyana" over the Next Decade.
Economists have warned that Britain’s economy will be closer to Guyana than the U.S. in a decade as Sir Keir Starmer fails to boost living standards meaningfully.
The following Summary is taken from various media reports
The Centre for Economics and Business Research (CEBR) has predicted that Britain’s GDP per head growth—a proxy for living standards—will be among the weakest in the G7 over the next five years, trailing the US, Japan, Italy, and Germany until the end of the decade.
Ranked in cash terms, the UK is on course to remain in 22nd place for GDP per head in 2029 as it is overtaken by both the UAE and Malta.
By 2039, the UK's GDP per capita is expected to be $86,141 (£68,800), pushing the UK up one place in the global league table. However, this is expected to be closer to Guyana’s GDP per head of $78,695 than the US, where GDP per person is projected to be $148,411.
The US is expected to cement its position in fifth place in the world over the CEBR’s forecast as Donald Trump’s deregulation agenda boosts the competitiveness of the world’s biggest economy.
While the CEBR’s measure does not account for inflation, a key component when measuring living standards, Mr Pushpin Singh of the CEBR's consultancy said the figures showed Britain risked “falling behind in the global economic race.”
He added that GDP per head was “forecast to lag far behind the US and inching closer to emerging markets like Guyana, highlighting a potential stagnation in living standards under Sir Keir Starmer’s leadership”.
During his premiership, Starmer said he would prioritise raising living standards nationwide. However, recent figures confirm they have worsened since Labour took power. The super-rich continue to get richer—thank you, Mr Starmer.
Starmer conceded this month that it "will take some time" before living standards improve, adding that his government could not fix everything "by Christmas".
Mr Singh warned that dire productivity and a ballooning welfare bill since the lockdown had helped to swell the size of the state, leading to higher taxes. He said that raising productivity is vital to lifting living standards, something Britain’s public sector has struggled with.
He said that productivity growth has been a massive issue in the U.K., specifically within the civil service, noting that public services productivity remains below 1997.
Britain is already on the brink of recession after statisticians revised the country’s growth figures to zero as Labour swept to power. GDP per person also fell in the three months to the end of September 2024, as surging immigration continues to weigh on this measure.
The Bank of England believes the economy continued to stagnate after Rachel Reeves’s record tax raid, leaving it dangerously close to slipping into a period of economic decline.
From Keir Starmer to you
...Because I know that this is not an easy time for everyone, and my thoughts are with all those who are lonely this Christmas. Having a tough time, missing a loved one. You are not alone...So, from my family to yours, I hope you have a very merry Christmas.(Extract from Keir Starmer's awful 2024 Christmas Address to the Nation)
There you have it... What is your take on it all?... Merry Christmas from No 10 Downing Street...
Source
telegraph.co.uk
telegraph.co.uk/business/2024/12/26/britains-economy-closer-guyana-starmers-living-standards/?msockid=176b8b5171186a8129429e04701e6b2a
davidicke.com/2024/12/27/britains-economy-to-be-closer-to-guyana-as-starmers-living-standards-pledge-falls-flat/
dailysceptic.org/2024/12/26/britains-economy-to-be-closer-to-guyana-as-starmers-living-standards-pledge-falls-flat/
Adapted from: msn.com/en-gb/money/other/humiliation-for-keir-starmer-as-uk-economy-to-be-closer-to-guyana-than-us/ar-AA1wvHMM
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