UK officially in recession as the British economy crumbles
Economics | Europe | UK | Recession
FACT BOX: By March 2022 the UK economy was shrinking at a monthly rate of 0.1% according to the UK’s Office of National Statistics.
Battling political chaos following more than 100 criminal fines and wide spread allegations of corruption and misconduct for the Prime Minister and his members of parliament, leaks as to the hidden US citizenship and non-UK-domicile status of several leading members of the government, wide spread collapse of the national health service, spiralling poverty and inflation and international news-headline-grabbing revelations about corrupt police murdering, raping and framing innocent members of the public. The UK is an international laughing stock. Now after weeks of threatening Russia with nuclear war and Liz Trust illegally telling British citizens to go and fight against Russia in Ukraine (they will face terrorism charges on their return to the UK, she neglected to say) and wide spread censorship of the UK press, Britain has been forced to officially admit it’s economy is falling and the UK is officially in a recession.
By the end of the first quarter of 2022 (March) the UK economy was shrinking at a monthly rate of 0.1% by the UK’s own official figures, although it is widely believed to be a much higher figure than this. The WHO recently suggested that the COVID 19 death rate for example was under reported by some 300% bringing the global death toll up from 6 million to 18 million people.
This compares to a Q3 2021 growth of 1.3% and a Q4 2021 growth of 0.7%, suggesting that the UK government has had 12 months clear evidence and notice about the impending collapse to put protective measures in place, and failed to do so. Instead adding to the cost of living, housing and rental pricing crisis in London and homelessness and starvation crisis in London by increasing taxes and public transport costs whilst removing access to the national health services for many across the capital. All whilst simultaneously multi billionaire US-green-card-holders such as Rishi Sunak face questions over dodging tax using non-domicile loopholes and questionable business activities in Russia. Boris Johnson’s solutions? – He made an official TikTok account and told the poor and starving to work multiple jobs and and eat cheaper food.
The nation continues to be plagues by false convictions, murder, rape and abuse from the capital’s police force, whilst the members of parliament deem themselves above the law refusing to leave their jobs after receiving criminal fines for breaking the law.
Chancellor Rishi Sunak said: “The UK economy recovered quickly from the worst of the pandemic and our growth in the first few months of the year was strong – faster than the US, Germany and Italy, but I know these are still anxious times. Our recovery is being disrupted by Putin’s barbaric invasion of Ukraine and other global challenges but we are continuing to help people where we can. Growth is the best way to hep families in the longer-term so as well as easing immediate pressure on households and businesses, we are investing in capital, people, and ideas to boost living standards in the future.”
The Office for National Statistics data was released as alarm bells ring over the country’s poor economic prospects, with the Bank of England warning last week that a recession now loomed large due to the cost of living crisis gathering pace. It appears now that the recession was hidden all this time and the UK is already a failing and shrinking economy through no other fault than its own mismanagement.
Boris Johnson’s official TikTok account is plagues with citizens pleading with him in the comments to resign and calling on him to have some shame and leave the job he is in their words “terrible” at.
With the addition of a struggling education system the UK is looking less and less attractive a place to live, work or do business, France, Ireland and Germany have already seen many Londoners and London companies relocating to better lands.
© 2022 Al-Sahawat Times, Printed and Distributed by IPMG, an Al-Said Group entity.
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