BREAKING: UK officially goes into biggest recession they've ever faced

Aslan

Chief Minister (5k+ posts)
Close to one million people have lost their jobs already.It is going to get a lot
worse.The full impact of Brexit has not been felt yet because they are going through the transition period.China will not sign a trade deal with UK after UK's interference in Hong Kong.
 

farooqak

Minister (2k+ posts)
First they had Brexit and now Corona, so double impact would be there
plus there PM is mad, but after corona they will rebound
 

yaar 20

Politcal Worker (100+ posts)
Any idea ....what would be the impact of all this on a common man ?
I mean interest rates, mortgages ,inflation....etc..?
 

kakamuna420

Chief Minister (5k+ posts)
they never had any expansion. UK is run by money coming from corrupt people around the world. they don't have any industry. they don't produce anything.
they just have pets like nawaz and altaf etc..who finance the economy by bhatta and terror
 

Dream Seller

Chief Minister (5k+ posts)
Any idea ....what would be the impact of all this on a common man ?
I mean interest rates, mortgages ,inflation....etc..?
It means many people will earn filthy money through stocks. Market crash, stocks tank, investors throw money...
 

Islamabadiya

Minister (2k+ posts)
they never had any expansion. UK is run by money coming from corrupt people around the world. they don't have any industry. they don't produce anything.
they just have pets like nawaz and altaf etc..who finance the economy by bhatta and terror
do you even know the size of UK’s economy ?
 

Islamabadiya

Minister (2k+ posts)
I meant ....what effect on housing market.....interest rates...?
So far there is not much change in mortgages and property values, but lenders are more careful with less borrowing options for low and middle income groups. Inflation and general daily grocery price is also the same, but post Brexit, might rise.

IMO it will depend if there is any second wave in winters which forces an economic shut down. Next 1 year will be tough and if the vaccine comes in early, it will bounce back.
 

kakamuna420

Chief Minister (5k+ posts)
So far there is not much change in mortgages and property values, but lenders are more careful with less borrowing options for low and middle income groups. Inflation and general daily grocery price is also the same, but post Brexit, might rise.

IMO it will depend if there is any second wave in winters which forces an economic shut down. Next 1 year will be tough and if the vaccine comes in early, it will bounce back.
whether a second wave goes or come, the magic money theory (MMT) is bound to fail
 

Citizen X

Prime Minister (20k+ posts)
they never had any expansion. UK is run by money coming from corrupt people around the world. they don't have any industry. they don't produce anything.
they just have pets like nawaz and altaf etc..who finance the economy by bhatta and terror
You are not only a racist piece of shit, you are a dumb fuck racist piece of shit.
 
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