UK economy in recession as households cut spending

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Submitted ⁨⁨11⁩ ⁨months⁩ ago⁩ by ⁨GreyShuck@feddit.uk⁩ to ⁨unitedkingdom@feddit.uk⁩

https://www.theguardian.com/business/2024/feb/15/uk-recession-consumers-cut-spending-gdp

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FuckyWucky@hexbear.net ⁨11⁩ ⁨months⁩ ago

Although times are still tough for many families, we must stick to the plan – cutting taxes on work and business to build a stronger economy.

Tax cuts for the rich and businesses never works if there is no demand. Tax cuts for the poor while better isn’t going to make much of a difference because the issue is not taxes it’s low wages and unemployment/underemployment.

Where is the increased welfare spending?

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