Because the gdp methodology was changed in 2020 which weighs public sector outputs higher even though they don’t actually have much to do with GDP.
So the more the government spends, the more GDP goes up, making the measure a complete sham.
You’re welcome.
There has been a pattern before every big risk event over the last 2 years.
The market gets overhedged on a fairly benign and known outcome.
This leads to a sell off before the event.
Once the event is done, the pressure is released and the market shoots higher, very
🚨 23 million Brits have stashed nearly £130 billion into Premium Bonds
That is a complete joke.
Sorry but it’s on YOU that you do not understand why this is bad.
For Brits to not understand why this is bad is literally now just generational tradition and sheer incompetence.
How can young people expect to feel at ease with getting a job when these are the type of people hiring them?
I feel extremely sorry for Britain’s young.
If the interest rate on your mortgages goes from 2% to 4%, that is a ONE HUNDRED percent increase in your interest cost.
Governments like to massage the messaging around tax increases.