UK economy suffered record annual slump in 2020
12/02/2021 | news | business | 4,395
The size of the economy shrank by 9.9% in 2020 as coronavirus restrictions hit output, figures show.
1
12/02/2021 10:51:02 46 48
bbc
Yep. Covid lockdowns, set to cause more deaths through poverty than Covd-19 will.
27
12/02/2021 10:54:36 33 38
bbc
Correct.
Poverty and morbidity go hand in hand. Trouble is it's not as tangible as a purported covid death.
The Conswervatives will ride off with cash in their pockets and a trail of destruction behind them.
29
12/02/2021 10:54:42 10 10
bbc
Even thinking that is enough to make you a cold blooded killer in the eyes of the lockdown worshippers.
41
12/02/2021 10:55:58 7 11
bbc
Yep, and probably from mental health issues as well. Goalposts continually being changed, and the approach now seems to be to hell to people's livelihoods, family and friends, mental health, businesses and any kind of life, and lets simply keep everyone locked down for the year. The position of Government taking a balanced approach to health and economy seems to be gone, becoming very one sided.
79
12/02/2021 10:59:19 7 11
bbc
The Tories don't care.
294
12/02/2021 11:16:53 7 5
bbc
Yep.
Nonsense, set to be produced by armchair "experts" for the foreseeable future.

There'd be several hundred thousand more deaths without them, the NHS would have collapsed.
Hundreds of thousands suffering long Covid continuing to stretch resources...
517
12/02/2021 11:27:46 3 0
bbc
Yet the fact is that those that locked down early and hard have suffered the least economically, but don't let the facts get in your way.
523
12/02/2021 11:29:01 0 0
bbc
yeah they could have closed borders but they decided not to and just shut down domestically
662
12/02/2021 11:43:55 0 0
bbc
False equivalence.

Without Covid lockdown the virus would spread unchecked and the NHS would be overwhelmed. ICU wards have been running at 300% capacity at the peak already. ICU nurses should be assigned 1:1 to patients under normal conditions, they have been working at 1:3 or 1:4.
Without lockdown deaths from Covid would be 10x or more current levels.
788
12/02/2021 11:53:14 0 1
bbc
Been saying this from the start but the sheep love a lockdown don't they?

They're sleepwalking into totalitarianism and dragging everyone along with them
This isn’t Ethiopia 1984

Show me one news story where someone starved to death due to a lockdown
2
12/02/2021 10:51:23 10 9
bbc
Fortunately, some business were still allowed to operate.
Could have been even worse with tighter longer lockdowns.
11
12/02/2021 10:52:14 10 14
bbc
Not many businesses allowed to operate now.

No help for the self-employed.

Sigh.
3
12/02/2021 10:51:29 19 11
bbc
There's a global pandemic on, with several domestic lockdowns, is anyone surprised?
23
12/02/2021 10:53:47 18 21
bbc
Only the UK imposed economic sanctions on itself at the worst possible time.
4
12/02/2021 10:51:30 226 68
bbc
The economy never really recovered from the 2008 crash.

Bankers never repaid their debt.

So no wonder the UK economy has tanked due to Covid.
15
12/02/2021 10:52:48 157 85
bbc
"World beating" recession.
353
12/02/2021 11:22:03 6 2
bbc
Bankers sold stakes in there business to the Gov, The Gov sold most of them at a profit. it still holds RSB shares. What debt needs to be repaid we the public have part ownership of RBS.
395
12/02/2021 11:24:31 11 1
bbc
The financial crisis was due to an underlying problem with the economy, funny money from the financial sector.

The 80s recession was due to an underlying problem with the economy, inefficient industry propped up by the government.

This economic downturn is due to shutting things down, temporarily. Things should bounce back well once the restrictions end.
426
12/02/2021 11:26:41 2 11
bbc
Needless to say, the real world numbers show the economy recovered some time ago.
I guess you missed the record number of people in employment, the lowest unemployment for decades, the increased spending on the NHS...
Removed
576
12/02/2021 11:38:24 11 6
bbc
The debt was actually not that bad in comparison to others despite the bailout. Brown actually saved us from a far worse situation.

The biggest problem was that Osborne & crew went overboard on austerity measures & basically applied systemic weedkiller to our Economy as well.

Investment & spending was cut & we were in a much worse position Debtwise than 2008 when the Pandemic hit.
615
12/02/2021 11:40:37 1 0
bbc
A very good observation.Now all our woe,s will all put down to covid 19 .may be there was a plan after all.
621
12/02/2021 11:41:01 0 0
bbc
Almost all banks repaid the 2008 bailout money years ago if that is what you mean.
If by "repaid their debt" you mean seen the error of their ways and are now trying to improve peoples lives then sure, they never did that and don't help anybody in a crisis such as now. That is nothing to do with 2008 though
953
12/02/2021 11:56:38 3 0
bbc
Bank of England just prints money
12/02/2021 12:14:57 4 1
bbc
The UK economy has not crashed due to Covid; rather the government's response to Covid.
12/02/2021 12:55:19 1 0
bbc
Ye of little faith. I totally disagree with your pessimistic attitude. The economy did recover from 2008 and was on track for a good future, then Covid came along, did you see that coming???? No, and neither did I but let’s get over it and be optimistic for the future old chap
12/02/2021 13:02:38 1 1
bbc
The 'Little England' view is so narrow, (though curiously the very people who accuse others of being Little Englanders have the narrowest views) here's why the EU never get the right figures - they have no idea of what kept many economies going . Lock-down is a European madness & the Globe will pay as well.

https://www.euronews.com/2020/12/11/new-poverty-hits-europe?minutetv=true
12/02/2021 13:59:22 0 0
bbc
Same old reasons. Give it a rest.
12/02/2021 14:20:40 0 0
bbc
The economy never did recover all the "growth" was based upon QE and debt post 2008. The pandemic and lockdowns have ended one money pyramid and the BofE are hopefully that the loosening of this will start a new one. Question is was it a deliberate tactic all along? Thatcher was prepared to wreck the economy to build a new one is this the governments way of getting money moving again eventually?
12/02/2021 14:44:35 1 1
bbc
Other countries are also being hit by Covid, but no other country has inflicted another huge hit to its economy as the UK has done with Brexit.
12/02/2021 18:09:26 0 1
bbc
Nothing like living in the past...do you vote Labour by any chance?
12/02/2021 18:24:14 0 0
bbc
I think you need to do some serious research. Lloyds was bailed out and shares sold at a multi billion profit, RBS shareholding still held by government, although they sell parts when market is high. Do what is us you think is still to pay back????
5
12/02/2021 10:51:31 393 95
bbc
This is as good a time as any to change how we measure economic progress, ceasing use of GDP and looking for alternative measures that have wellbeing and the environment at heart, maybe Genuine Progress Indicator (GPI) and/or Gross Domestic Happiness (GDH) instead.

After all our poor attitude to the environment, through perpetual growth aims, is how this crisis arose in the first place.
71
12/02/2021 10:58:40 109 25
bbc
I am not sure how happiness can genuinely be measured. But I agree that there needs to be s change in the way that the state of the country and the economy need to be measured.

I would suggest, the Nobel prizes won by a UK citizen, local species saved from extinction, new patents converted into businesses and number of people above the poverty line.
73
12/02/2021 10:58:58 12 2
bbc
I would imagine that the measure of Gross Domestic Happiness would currently be a significnat negative figure.
118
12/02/2021 11:02:59 6 44
bbc
"After all our poor attitude to the environment, through perpetual growth aims, is how this crisis arose in the first place."

Utter tosh.

This crisis came about in the first place because of Scientists need to push the boundaries of human knowledge fowards by hunting down weird pathogens in deep dark caves to experiment on. That's right... its a pandemic created by academia, not business.
122
12/02/2021 11:03:04 4 4
bbc
Have you actually been to Bhutan. Despite the headlines about Gross National Happiness the poor there are as poor as anywhere. It might be a happy country but some are more happy than others...
143
12/02/2021 11:05:07 13 2
bbc
Conservatives are not ones for change.
158
12/02/2021 11:05:53 9 13
bbc
good well being/being happy and the environment dont pay the bills though do they!
224
12/02/2021 11:11:37 10 8
bbc
Gross Domestic Happiness is a very pretty-pretty, nebulous, indeed meaningless, concept. It has no definition and therefore can't measure anything.
232
12/02/2021 11:12:16 10 3
bbc
Rather than replace GDP I think other factors need to be measured/reported alongside GDP such as number of depression/mental health referrals and the % of population being treated under such programmes, use of foodbanks etc
288
12/02/2021 11:16:39 3 2
bbc
We need a Global domestic product that takes into account the world health not only financially but as humanity how we will survive and future generations will be in a good shape.
303
12/02/2021 11:17:45 9 6
bbc
To counter the negative effects of Brexit we shall now measure our success on the Blue Passport Hoodwinked indicator.
350
Dee
12/02/2021 11:21:41 2 4
bbc
'You will own nothing and you will be happy' - ah the Great Reset.
456
12/02/2021 11:21:53 2 0
bbc
good break from consumerism
552
bob
12/02/2021 11:36:15 0 0
bbc
No, this crisis arose due to some underhand practices in China that have nothing to do with the environment.
12/02/2021 12:14:24 0 1
bbc
No it wasn't, but yea, lets have GDH, and all the Malthusian's will rejoice while the rest of humanity suffers. I wait to see how much of the Public sector ends up on the dole.
12/02/2021 12:11:32 1 0
bbc
The problem with this is that socialists are miserable when the economy is doing well and the rest of us are happy.
12/02/2021 12:18:07 0 0
bbc
indeed and different countries even measure GDP differently. For instance, we have seen a huge drop in education provision whereas Spain shows none even though they have had the same drop. As they are still paying the teachers' salaries they don't count it as a decrease, so the figures are skewed. It is semantics though, given that the economy has been wrecked however one measures it.
12/02/2021 12:20:10 0 0
bbc
ahhh lovely, ain't that a nice post.
12/02/2021 12:38:35 0 0
bbc
If you want Gross Domestic Happiness go to Bhutan, if you can get a flight
12/02/2021 12:46:49 0 2
bbc
Please be careful about the ceaseless and unrelenting propaganda at play today. Those with an agenda and narrative to keep you in your homes or town (or at least country of residence), take away your choice to eat meat, tell you that personal property ownership is bad etc, are the same people that will tell you humans are bad and procreation shouldn't happen. Never abandon your own free thought.
12/02/2021 12:50:02 0 0
bbc
GDP per head will help Environmental impacts created by Neo Liberal Ideology .... The only way they can get it up is to control population. They have wrecked GDP per head over the last 15 years... NHS beds per head is similar .. It finds the Greed merchants out ..
12/02/2021 12:51:06 0 0
bbc
Brilliant - please take over from Boris we need an imaginative leader and the world has to get away from current capitalist measures that encourage the throw away society.
12/02/2021 12:51:24 1 0
bbc
You are absolutely right. A better measure might be GDP per capita PPP. Top line GDP doesn't concern the vast majority. As an individual what matters is how much money you have coming in, and how far that money will go. Which is better, a country with a GDP of £2tn and a population of 100 million, or one with a GDP of £1tn and a population of 25 million? You do the maths.
6
12/02/2021 10:51:38 127 78
bbc
This is of course a result of COVID. However, the numbers compare extremely unfavourably with other countries. The 2nd most damaged economy in Europe for 2020. Coupled with the 2nd highest death rate in Europe and the ‘balancing act’ seem to have taken a tumble. This is down to gross mismanagement, incompetent leadership and Brexit uncertainty.
65
GW
12/02/2021 10:58:21 118 54
bbc
World beating levels of incompetency.
337
Tex
12/02/2021 11:20:30 14 9
bbc
It would help if every one used the same princilples for measuring, and told the truth.
521
12/02/2021 11:28:27 6 15
bbc
EU is full of covid
680
12/02/2021 11:44:56 11 15
bbc
Most European countries have yet to release their economic numbers, so how do you know?
French GDP is expected to have fallen by the same as the UK.
NOT the 2nd highest death rate in Europe but 5th, even if you don't take other factors into account (Spain's unaccounted for 28,000 excess deaths for a start...).
Its worse then that

The UK atually has the worst performing economy of any major nation worldwide

As well as the 3rd highest covid death toll per million population of any nation on earth

All thanks to the dithering "Saviour of Christmas"
12/02/2021 14:24:48 0 1
bbc
But don't worry, Johnson will keep turning up in a white coat to get in the way of clever, busy people so the numpties think the terrific vax rollout is down to him. His failure on everything else suggests otherwise!
12/02/2021 14:26:16 0 0
bbc
I don't believe everything the media tells me.
12/02/2021 15:24:38 0 2
bbc
if we're the second worst damaged economy in Europe, then there are only two economies in Europe. Only the German economy has performed better than the UK since the start of the Pandemic. As for death rates, well if all countries used the same recording methods there might be some truth in what you say. But they don't; so there isnt. UK includes RTA victims if they've had a positive test!
12/02/2021 15:37:56 1 1
bbc
Perhaps its due to 65 million people living in a relatively small space. Diseases tend to like that..especially 10 million clustered around just one city....and lots of movement into and out of such a small but very "globalised " country in the first stages.
13/02/2021 08:13:01 0 0
bbc
We are only part way through the Covid crisis in world terms, your comments may look a lot different a couple of years from now.
13/02/2021 11:16:21 1 0
bbc
Or is it partly because our safety nets have been larger than Europe’s.
7
Ian
12/02/2021 10:51:50 325 48
bbc
?? Sadly, the taxes of the young and future generations will be paying for this pandemic for a very long time. The UK is in wartime levels of debt. ??
70
12/02/2021 10:58:40 249 115
bbc
Unfortunately only COVID deaths matter these days. Other deaths or hardship caused by lockdowns or border restrictions don't get daily numbers published on the BBC so are unimportant - not worth tweeting about with faux outrage.
83
12/02/2021 10:59:42 45 5
bbc
Its not just the UK, every developed and developing country has ruinous levels of covid debt....

Apart from the Chinese.......
148
12/02/2021 11:05:27 21 4
bbc
Not just tax.
You watch state pension age, already at 68, slide into 70 years old +.

I'm due to get mine at 67, this will be pushed back. I don't expect to get it now until I'm 70.
150
12/02/2021 11:05:30 17 13
bbc
For 1 % increase in unemployment = 40 000 people will die. Covid19 has increased unemployment by quite a few percentage points. Sad times ahead for our youth . They are not used to it. We had a tough ride from time to time. Us easterners from the continent or old Britons remember some rough rides but the young ones? Good Lord. Feel sorry for them. No more - I want it now and nothing will stop me
163
12/02/2021 11:06:29 19 14
bbc
You can bet it won't be the wealthiest who pay the most even though they have actually made money from the whole situation. All in it together!!
266
12/02/2021 11:14:58 32 16
bbc
True - and not just in taxes. They'll pay for this farce in damaged mental health and life chances, too.
This is the wrong place to point this out though; BBC are only interested in portaying a few morbidly obese under 50s stuggling with Covid, to terrify the population into submission and justify the disgustingly repessive and disproportionate so called 'response' to this now endemic illness.
320
12/02/2021 11:12:58 3 5
bbc
Not really. War machines cost a lot more money than vaccines!
364
12/02/2021 11:22:40 7 0
bbc
Ian, the 'debt' will be paid for in loan notes....plus a lot will be eroded by long-term inflation, very little, if any money will change hands.

What is more worrying, in the immediate future, for young and old alike, is how we wind back from the furloughing and job support schemes that the government has pumped so much loot and commitment into.....that will be harder to stomach you see !
406
12/02/2021 11:25:19 3 3
bbc
It was already drenched in debt prior to covid. I guess that is what happens when the government of the day turn the previous governments debt of around £600 billion to £1.8 trillion.
458
12/02/2021 11:23:08 6 5
bbc
its ok. the government just printed money to pay for it all

all they had to do was close down borders to travel but they chose the option to close down domestically
461
12/02/2021 11:28:32 6 7
bbc
The young and future generations were already inheriting an economic and political crisis from their parents generation before COVID decided to come along. In contrast, their parents inherited a newly built NHS from a generation that fought against fascists to protect Britain's future.
639
12/02/2021 11:42:22 7 0
bbc
Just as did the generations after the first world war, the Spanish flu, the 30's financial crash, the 2nd world war. In fact, we only finished paying our debt for WW2 in the early noughties. This has always been the way and those generations are no more put out than the previous generations.
683
12/02/2021 11:45:07 4 0
bbc
Britain has been running a deficit for the last 100 years and always will
687
12/02/2021 11:45:31 7 1
bbc
Meanwhile, the taxes of the old are supporting the young...
12/02/2021 12:20:17 2 2
bbc
True,to save the very old, very ill, some too ill even for a vaccine, we've (the West) have destroyed millions of young lives, the economy and taxed the wealth of future generations. At least in the war, it was to provide something positive for future generations. This? Madness a cure considerably worse than the disease as even the ONS can show 91% die with at least ONE co-morbidity.
12/02/2021 12:22:46 0 0
bbc
Agreed but so are many other countries as well now- maybe the will right it all off :-)
12/02/2021 12:36:31 1 0
bbc
One thing the BBC has been deliberately hiding is that the cost of gold plated public sector final salary pensions for the tax payer has increased by 1tn (yes trillion) over the last 3 years.

Wonder why Socialist Monolith and union press corp the BBC didn't report that?
12/02/2021 12:43:55 0 0
bbc
Sadly like the previous generations paid for WW1 and WW2 debt
12/02/2021 12:46:08 2 0
bbc
Oh mop your tears, it's a fact of life that we pay taxes for historic events. It's only as recently as 2006 we finished paying our war debt to the US..... It's life, get over it.
8
12/02/2021 10:51:51 26 31
bbc
Government sets out to destroy the economy - and succeeds !

What a shocker !
49
12/02/2021 10:57:12 7 5
bbc
Yet will still have a majority at the next General Election
977
12/02/2021 12:09:48 1 0
bbc
Socialist posts ridiculous claim.

No shock at all!

Pray tell; why exactly would the government set out to destroy the economy...??
9
12/02/2021 10:51:59 17 17
bbc
No surprise there.
Don't worry multimillionaire Rishi will make sure the poor get poorer.
20
12/02/2021 10:53:38 11 8
bbc
Only if the people vote The Tories in again in 3 years time
51
12/02/2021 10:57:25 5 6
bbc
Get real. Have you seen how much tax payers money he’s diverted to those who can’t work? If you’ve been furloughed you’d be grateful. If you’re a tax payer you’d be aware of this. So I guess you’re neither and just live with your parents.
57
GW
12/02/2021 10:57:36 5 6
bbc
Already started planning to cancel tax allowance increased - workers paying again
382
12/02/2021 11:23:27 0 2
bbc
No, the disrportionate and frankly insane response to Covid has already delivered that.
10
12/02/2021 10:52:14 16 20
bbc
A cold ten years ahead now, that's if the good ship Brexit stays afloat...
18
12/02/2021 10:53:00 16 14
bbc
Which of course it will ...cheer up!
33
12/02/2021 10:55:09 3 3
bbc
Can you not just get over it?
2
12/02/2021 10:51:23 10 9
bbc
Fortunately, some business were still allowed to operate.
Could have been even worse with tighter longer lockdowns.
11
12/02/2021 10:52:14 10 14
bbc
Not many businesses allowed to operate now.

No help for the self-employed.

Sigh.
12
12/02/2021 10:52:31 54 15
bbc
Here come a load of comments about how this is stating the obvious, which in itself is stating the obvious, as if anyone could have predicted 9.9% to the last decimal place while not realising the ONS are required to give economic reports and have done for several years.
85
12/02/2021 10:59:44 51 13
bbc
And your comment is stating the obvious. Lol
87
12/02/2021 11:00:06 8 5
bbc
I love it when dullards make really glib comments on HYS, such as :

"In other news, bears defacate in the woods" etc.

They think they're being really witty.
417
12/02/2021 11:26:04 6 0
bbc
People aren't interested in the news unless it fits their agenda. Rather than think for ourselves, we now treat politics like a football team, suport your [political party] through think and thin regardless of their performance.
490
12/02/2021 11:24:15 0 0
bbc
another obvious is don't close borders then you will have to shut down domestically instead
13
12/02/2021 10:52:40 65 13
bbc
But whatever you might think, sounding off here won't help. If you want to get your point heard more constructively, lobby your MP.
31
12/02/2021 10:54:47 119 13
bbc
If only our MP wasn't a waste of space!??
54
12/02/2021 10:57:31 27 6
bbc
My MP is just another useless Tory lunk, an old journalist pal of Bozo who was parachuted into a safe seat with zero experience in any form of local or national government. It's pathetic and so is he.
74
12/02/2021 10:58:58 17 1
bbc
Basically I agree. However, my MP never ever replies! Think I might try holding a seance next time to see if I can get through.
438
12/02/2021 11:27:40 11 2
bbc
Mine is literally an aristrocrat, and it is no surprise that is a Tory MP too.
Doesn't care in the slightest about the concerns of the people he is supposed to represent, so there is no point in writing to him further.
443
12/02/2021 11:27:50 7 0
bbc
Or vote him out
496
12/02/2021 11:25:44 4 4
bbc
all they had to do was shut borders
893
12/02/2021 12:02:21 3 0
bbc
Couldn't agree more. But while some seem to get little joy from their MP. I have nothing but praise for mine, having raised several problems with him over the past 6 years. A1 response, assistance and a result each time.
12/02/2021 14:16:15 0 0
bbc
Well mine and his friends got Croydon into 1.5 billion of debt... not sure they would be good for financial advice.
12/02/2021 14:44:22 1 2
bbc
Waste of time if its a tory.
12/02/2021 16:11:24 0 0
bbc
Your not allowed to visit him
12/02/2021 17:56:18 0 0
bbc
Clearly you don't live in the 80% of constituencies that are "safe seats": my MP is too busy with his nose in the trough to care less.
12/02/2021 19:41:26 1 0
bbc
Tried that but they don't reply or take notice despite the fact they should.
All those PAID lobbyist who are allowed in the halls of government have a much larger voice.
It NEEDS the media to represent the people who buy all those goods advertised on them.

Ooops, sorry BBC you don't advertise as you don't need to, don't have to pay any attention to those who do pay for you.
14
12/02/2021 10:52:44 7 6
bbc
wow....who would have thought......
4
12/02/2021 10:51:30 226 68
bbc
The economy never really recovered from the 2008 crash.

Bankers never repaid their debt.

So no wonder the UK economy has tanked due to Covid.
15
12/02/2021 10:52:48 157 85
bbc
"World beating" recession.
215
12/02/2021 11:10:27 20 5
bbc
It’s not even close, the French had a 10.2% reduction. Spain and Italy?
12/02/2021 12:45:13 0 0
bbc
Thanks to your help.
12/02/2021 14:22:32 1 1
bbc
A tedious comment.
12/02/2021 16:12:15 0 0
bbc
The way the UK calculated GDP is different to most countries, we use a higher standard as public sector output is counted toward GDP. i.e. if schools close GDP drops. Most countries count input (how much money goes into the public sector) We haven't reduced the amount of money going into the public sector, it has increase.

If you take this into account we're about middle of the pack
16
12/02/2021 10:52:50 14 16
bbc
Most economies shrank in 2020.
UK -9.9%
EU -6.4%
Canada -5.3%
Japan -5.2%
Australia -4.1%
US -2.4%

No doubt this HYS will analyse why the UK slump was far bigger than the rest, and come to a top rated conclusion that mentions the BBC.....
45
12/02/2021 10:56:37 9 1
bbc
80% of the UK economy is service sector, you close that down it will certainly have an impact.
61
12/02/2021 10:57:53 3 3
bbc
Absolutely no doubt it will be the BBC's fault in some of the HYS 'defunders' for reporting it and it would have been at least 3 points lower if they hadn't.
72
12/02/2021 10:58:48 4 3
bbc
It's obvious why it was bigger than the rest. We don't manufacture enough to have an export market large enough to rely on.

We've relied for too long on the services market. Now we're out of the EU we must move back into manufacturing.
81
12/02/2021 10:59:26 4 5
bbc
I suspect it's because a large number of people who make up the workforce of this once fine land, have had enough of being called every negative name under the sun by such sources as the BBC, so have stopped bothering to contribute.

(something like that?)
101
12/02/2021 11:01:12 5 2
bbc
Look at their stock market recoveries though, generally a fair indicator of the health of their economy. The French CAC and our FTSE are still below pre covid levels, CAC is down 7%, FTSE down 13%.
The Dow Jones and S&P had both fully recovered in Nov 2020 and are growing.
Rishi Sunak and Government policy have been a total disaster, and not yet fully realised!
223
12/02/2021 11:11:19 1 2
bbc
Umm, because the UK has been hit harder by the virus than most other countries.

Spain -11%
Germany -5%
17
12/02/2021 10:52:56 20 28
bbc
Covid is masking the true damage being done by Brexit. The trouble is that the government will continue to be in denial until it is too late. Once businesses change suppliers they don't come back.
66
12/02/2021 10:58:22 5 5
bbc
another pessimist
161
12/02/2021 11:06:24 2 3
bbc
More Brexit Derangement Syndrome nonsense.
Thankfully, rational heads like Sunak are in charge, not you.
803
12/02/2021 11:54:40 1 0
bbc
I think perhaps it is too early to tell I am not convinced we will see a true picture until much later in the year. I am sure both will continue to have negative impacts in 2021. Although I hope it will show as slower growth rather than further decline.
12/02/2021 17:24:01 0 0
bbc
You really need to get over it now....the vote was nearly five years ago.
10
12/02/2021 10:52:14 16 20
bbc
A cold ten years ahead now, that's if the good ship Brexit stays afloat...
18
12/02/2021 10:53:00 16 14
bbc
Which of course it will ...cheer up!
88
12/02/2021 11:00:12 3 4
bbc
I’m not sure who’s more deluded, you with your ‘cheer up’ or the poster with the ‘stays afloat’. Brexit was dead on arrival or is my Unicorn I was promised stuck at Dover? No amount of smiling is going to change the fact that Brexit was foisted on the gullible and has turned out to be the disaster it was long predicted to be.
19
12/02/2021 10:53:19 18 18
bbc
This is like saying ice melts in the sun, obviously with everything closed the economy was bound to be hit. Government spending is up with all the help schemes available. No wonder China has banned the BBC for reporting fake news. This article is stating the obvious.
39
12/02/2021 10:55:47 8 6
bbc
How can stating the obvious also be fake news?
Either it's obvious and true, or it's fake and therefore not obvious at all?
67
12/02/2021 10:58:29 2 1
bbc
I never saw this coming
292
12/02/2021 11:16:49 3 2
bbc
Utterley ridiculous, hateful & grossly untrue comment.

Saw similar stuff in a scan of the mail comments section today on this topic, siding with China. Astounded but sadly not surprised.

How utterly wrong headed & hateful can some of our British Public be when they defend a country that persecutes its minorities, hides information on this pandemic and bans media for reporting it?
9
12/02/2021 10:51:59 17 17
bbc
No surprise there.
Don't worry multimillionaire Rishi will make sure the poor get poorer.
20
12/02/2021 10:53:38 11 8
bbc
Only if the people vote The Tories in again in 3 years time
110
12/02/2021 11:01:58 6 6
bbc
They won't be getting my vote ever again.
166
P
12/02/2021 11:06:44 2 3
bbc
They will thankfully!
998
12/02/2021 12:11:01 0 0
bbc
Oh but they will, as they're quite aware the alternative would be immeasurably worse.
21
12/02/2021 10:53:42 26 23
bbc
Don't worry about all the bad news, cos Boris has a plan (just no one knows what it is) & we'll soon be over the "bumps in the road", our teeth won't hurt & we'll be cruising at altitude enjoying G&T's galore with unlimited peanuts!

Meanwhile, in the real world.............??
37
12/02/2021 10:55:34 8 6
bbc
Peanuts will be administered to a nation suffering from anaphylactic shock
446
12/02/2021 11:28:06 2 0
bbc
You forgot the "happy fish", and they likely will be, there'll be nobody from UK left in business to catch them...
22
12/02/2021 10:53:45 207 69
bbc
It’s terrible. There is no other way of looking at at.
As soon as Government support like furlough ends the economic destruction is going to cause poverty on a scale we haven’t seen in Britain for decades.
62
12/02/2021 10:57:56 101 185
bbc
another pessimist
329
12/02/2021 11:19:19 23 0
bbc
Correct - furlough is the tipping point that dare not speak its name.
342
12/02/2021 11:21:10 12 18
bbc
Then the only answer is for the highly incompetent, totally insane government to ensure that certain businesses and the hospitality trade are fully back to trading at least by the beginning of April this year. After all, it is those businesses that have suffered the most, due to the highly incompetent government's insanity over the past year.
396
12/02/2021 11:24:31 14 1
bbc
What do you mean I've not got a job to go back to? I've been constantly supporting lockdown, ever greater restrictions, criticising parents taking their children to playgrounds, clapping and everything!
495
12/02/2021 11:25:25 9 3
bbc
they will blame brexit not covid
602
12/02/2021 11:39:44 2 6
bbc
To match a pandemic that hasn't been seen for 100 years you mean.
677
12/02/2021 11:44:49 4 1
bbc
The investigation into how well or not this government managed all aspects of our daily lives will eventually allow us to judge just how badly we fared compared to other nations.

That aside, the fallout from this past year will become more catastrophic with the passage of time for all - individuals, employers and businesses. Especially in the retail, leisure and hospitality sectors.
919
12/02/2021 12:04:39 4 0
bbc
It is the tax payers money supporting those on furlough, not the governments
12/02/2021 12:46:04 0 1
bbc
Unemployment in the early 80's was 12.5% and we did recover
12/02/2021 12:46:55 0 0
bbc
We can wait for the closure of MacDonald's and other fast food outlets if this is the case.
12/02/2021 12:50:56 1 4
bbc
Get a grip Walt.
Have cuppa and hope for a better time once we get out of this Covid period
12/02/2021 13:21:32 3 0
bbc
youd have to be braindead not to agree with this.
12/02/2021 13:22:20 1 1
bbc
As furlough is only given to people who still have jobs why would that happen? They can go back to work when lockdown is lifted and many more jobs will once again be available due to increased consumer demand and spending in those business who have closed during pandemic.
12/02/2021 14:18:25 1 0
bbc
Covid damage is severe but temporary, Brexit is forever!
12/02/2021 14:21:53 3 1
bbc
Many sectors will bounce back, some will thrive, new ones will be created. There will be unemployment problems for a while but we should be optimistic.
12/02/2021 15:32:17 2 2
bbc
Nonsense..this is a one issue temporary and partial drama that will be largely played out within two years. Weve had higher unemployment levels for example in the past several times..actually and not even called it a recession.
12/02/2021 19:49:14 0 0
bbc
"As soon as Government support like furlough ends the economic destruction is going to cause poverty on a scale we haven’t seen in Britain for decades."

Hardly, Brexit is forecast to cost more than Covid (including furlough).
3
12/02/2021 10:51:29 19 11
bbc
There's a global pandemic on, with several domestic lockdowns, is anyone surprised?
23
12/02/2021 10:53:47 18 21
bbc
Only the UK imposed economic sanctions on itself at the worst possible time.
78
12/02/2021 10:59:09 4 3
bbc
We left the single market 31 Dec 2020, the last day of 2020 in case you hadn't worked that out.
24
12/02/2021 10:54:06 17 18
bbc
COVID and Brexit, a double whammy for the economy - one God made, and the other all our own fault!
56
12/02/2021 10:57:35 4 10
bbc
pessimist
92
GW
12/02/2021 11:00:22 0 2
bbc
Covid our own fault then!
25
12/02/2021 10:54:08 826 89
bbc
I have saved around £3,000 more during this lockdown. I'm struggling to understand where this idea comes from that I will rush out and spend it. They'll be lucky if I spend 10% of that.

They are overplaying the rebound in my view. Lockdowns have watered down my desire to spend, and I'm sure I am not alone.
117
12/02/2021 11:02:55 428 29
bbc
Agreed and until there is some stability no one with any sense will be utilising spare funds on frivolities.
145
12/02/2021 11:05:19 65 39
bbc
Lots of people will be looking to go out to pubs and restaurants, get their hair cut etc. as soon as they are allowed. Once we have the virus under control through vaccination I’m sure the economy will rebound quite quickly
146
12/02/2021 11:05:20 34 11
bbc
Have you seen how many people can't even wait until the end of lockdown to have haircuts or get their nails done? Add those to the people who really want those things but are capable of following rules, and the spenders are out there. If your £3k is in a bank, it will be supporting someone else's debt in no time! :)
151
12/02/2021 11:05:33 33 11
bbc
But you will start to spend some of it. When things start slowly to open up money will be spent in service based areas.
183
12/02/2021 11:07:57 53 18
bbc
100% agree with that as any money saved will be used to hedge against the coming storm.
188
12/02/2021 11:08:10 52 2
bbc
Don't tell my wife that or maybe I should. Mind you I don't think I will change my car any time soon its only done 1500 since last February
203
12/02/2021 11:09:21 72 21
bbc
I am in the same boat, but I've actually saved 16k in travel and hotel costs. All pilled up, in the bank. I have no intentions of going out and spending anything whilst I still have to socially distance and/or wear a mask. I will spend my money on my terms, not Johnsons.
216
12/02/2021 11:10:41 47 23
bbc
Spend it, you can't take it with you.

We're planning on a couple of holidays here in the UK, plenty to see and do in the British Isles.
227
12/02/2021 11:11:44 58 45
bbc
They don't even seem to be factoring Brexit into forecasts, like a massive elephant in the room. It isn't even mentioned in the article above.

I know the future is uncertain, but all evidence points to it being hugely damaging for industry, the job market, trade... to think Sunak is saying we need to be 'cautiously optimistic' is quite baffling when reports from every industry are negative.
246
Bob
12/02/2021 11:13:34 24 10
bbc
Yes indeed, the real danger here is that as the lockdowns and measures have gone on for a sustained period of time habits will have been broken and question marks will remain as to if they will return.

That's why EOTHO was created, an incentive to return to restaurants - which did work.
279
12/02/2021 11:16:08 19 7
bbc
I think with the appalling interest rates and the threat of turning negative a lot of people who have been fortunate to have some spare cash will actually attempt to inject some feel-good back into their lives.
One thing I have learnt in all this is that lives are given value by the making of memories and mine for the last year don't exist.
284
12/02/2021 11:16:19 37 4
bbc
I'm planning on running down my mortgage and building up my savings.
No way will I be spending what I've saved on tat I don't need.
287
12/02/2021 11:16:39 22 5
bbc
Agreed. I am one of several million PAYE freelancers whom the govt have persistently refused to support financially through lockdown. We've had to dip into our remaining savings and won't be able to spend much at all when lockdown ends
293
12/02/2021 11:16:52 32 1
bbc
Yup, the lockdown taught me that you are best having savings put aside incase things go tits up, I won't be spending more once things open up. It's not like the lockdown has really prevented people from making purchases
328
12/02/2021 11:19:19 40 1
bbc
I design gardens for a living. Last year I was extremely busy, and so far 2021 looks set to be ever busier. People are spending 1000s on extensions, hottubs, summer houses and their gardens. I've worked in the industry since 2008 and have never seen anything like it.
343
12/02/2021 11:21:11 2 5
bbc
If you are not going to spend what is the point of having it? Keep under your bed forever?
356
NP
12/02/2021 11:22:12 10 1
bbc
Absolutely agree, if COVID does not change view on extreme consumerism then we are responsible only for any hard time. It has defiantly thought me to differentiate necessity and luxury more than I ever knew.
375
12/02/2021 11:16:45 2 2
bbc
Just wonder how many people saved and invested a proportion of the great free cash giveaway by Sunak the Chancellor which was entirely meant for paying household bills.
377
12/02/2021 11:17:24 4 0
bbc
im with you ,just wish you could pass your thoughts onto my misses though
423
12/02/2021 11:26:39 3 0
bbc
Same here.
437
12/02/2021 11:27:39 1 0
bbc
It'll be hoovered up by the 'new normal' insurance premiums.
453
12/02/2021 11:21:20 8 0
bbc
You can save alot of money from taking a break from consumerism also means less environmental waste too
473
KRR
12/02/2021 11:29:52 4 0
bbc
You make an interesting point. But people do behave differently. No doubt some will rush out and spend as soon as holidays, meals out, drunken pub crawls etc are available. Others will be more restrained - me included.

But another aspect that may limit bounceback is that some people will actually be spending freely online. They won't suddenly up their spending post-covid.
531
12/02/2021 11:33:37 3 4
bbc
I trust then you won't be commenting on HYS in future if unemployment stays high. All western economies are built on confidence and your doom and gloom comments help nobody. More than ever we need confidence in the future not doom mongers who will hide in their hole.
575
12/02/2021 11:38:22 7 3
bbc
I think you're in a minority actually.

I've witnessed nothing but frivolous spending throughout lockdown... hot tubs, garden furniture, electronic entertainment... all piled on the credit cards.

Big shock coming for millions of families when they realise there's no longer a job at the end of the magical Furlough rainbow.

If you think the economy's bad now... you ain't seen NOTHING yet!
587
01
12/02/2021 11:32:10 8 0
bbc
I've saved a lot more than that, even £10k from 2 cancelled Summer holidays last year (booked in 2019, before you ask). If people have any sense, they should use excess funds for mortgage overpayments.
619
Pip
12/02/2021 11:40:46 0 0
bbc
And just where would you spend it, even if you wanted to..............?
679
12/02/2021 11:44:55 1 1
bbc
I’ve just bought a Porsche!!!!!!!
698
12/02/2021 11:46:49 3 2
bbc
Exactly right. Travel, tourism, live entertainment and eating out will never fully recover. Habits are changing to suit insecure times.
763
12/02/2021 11:51:36 1 0
bbc
What are you going to do with it then? You're losing money with it sat in the bank due to interest rates being lower than inflation.
26
12/02/2021 10:54:32 398 52
bbc
Amazing how the economy is going to bounce back with all these billions that people have to spend. Spare a thought for those who haven't got enough money to eat now.
416
12/02/2021 11:25:56 144 146
bbc
Unfortunately, that is not near the forefront of the minds of the self righteous woke brigade. Post Covid, the damage that the pandemic cure has brought to millions will become very apparent.
500
12/02/2021 11:31:22 11 30
bbc
You forget that once normality is restored, those whose jobs have disappeared will be able to find new ones as everything gets moving again.
567
12/02/2021 11:37:43 23 11
bbc
Agreed. Also the thousands of people who will lose their jobs after furlough ends plus all the others who will lose theirs due to the gift of Brexit. I lost my job in Oct20 due to COVID so we only buy what we need I.e food and heating etc.. so I can’t see a huge surge in the economy as people have released they don’t need 10 pairs of trainers or a new shirt.
12/02/2021 13:00:36 6 1
bbc
Post-Covid I suspect there will just be a shuffling of who the have's/have not's are and there won't be any real levelling up. Those who gained will either pocket the (ongoing) savings or spend it and cause inflation. Those who lost out will drop further behind unless they are in a group the Government chooses to help before they decide the money's run out.
12/02/2021 13:00:57 2 7
bbc
nobody in this country has no no money for food, it's how they choose to spend their money that is the problem, no food on the table? 50 inch TV on the wall though staff in a cage, seen it all!
12/02/2021 14:31:51 1 6
bbc
The economy will easily bounce back now that doom and gloom merchant "Carney" has gone from the bank of England .
12/02/2021 14:33:53 3 4
bbc
That won't worry the tories and their rich friends.
1
12/02/2021 10:51:02 46 48
bbc
Yep. Covid lockdowns, set to cause more deaths through poverty than Covd-19 will.
27
12/02/2021 10:54:36 33 38
bbc
Correct.
Poverty and morbidity go hand in hand. Trouble is it's not as tangible as a purported covid death.
The Conswervatives will ride off with cash in their pockets and a trail of destruction behind them.
301
12/02/2021 11:17:35 2 5
bbc
If the government is spending so much money during this crises how are they going to "ride off with cash in there pockets". Can I suggest that you engage your brain before your typing fingers.
28
bbc
Thanks China Removed
Thanks racist Removed
730
12/02/2021 11:49:29 1 1
bbc
Oven that China has become the 'workshop of the world' (industrialists outsourcing to cheaper countries to exploit resources and labour), we have reaped what we have sewn.
1
12/02/2021 10:51:02 46 48
bbc
Yep. Covid lockdowns, set to cause more deaths through poverty than Covd-19 will.
29
12/02/2021 10:54:42 10 10
bbc
Even thinking that is enough to make you a cold blooded killer in the eyes of the lockdown worshippers.
692
12/02/2021 11:46:08 0 1
bbc
That assumes you are bothering to 'think' when you come out with unsubstantiated and actively false statements like that, but logic does not seem to be a factor for the Covid deniers.
30
12/02/2021 10:54:43 11 10
bbc
The "acid test" will be how the economy recovers. If faster than the EU then Brexit was a good idea. If slower then it was a bad deal. We just need to sit it out and wait to see what happens.
44
12/02/2021 10:56:36 2 5
bbc
someone always has to mention the b word
127
12/02/2021 11:03:27 0 1
bbc
You do realise there are other factors to consider, apart from Brexit, such as how quickly other countries recover, because if they're slower, they will import less from the UK.
13
12/02/2021 10:52:40 65 13
bbc
But whatever you might think, sounding off here won't help. If you want to get your point heard more constructively, lobby your MP.
31
12/02/2021 10:54:47 119 13
bbc
If only our MP wasn't a waste of space!??
234
12/02/2021 11:12:32 9 18
bbc
Shouldn't have voted Labour then...??
499
AB
12/02/2021 11:31:22 6 0
bbc
Don't allow them to be a waste of space, get on their case. We are all guilty of not ensuring our MP's are held accountable, me included. I have however, recently started to question my local MSP on a number of issues. It's the only ammunition you have, apart from election time. ??
12/02/2021 12:42:38 4 3
bbc
Luckily our MP is not a Labour party member.
12/02/2021 13:35:18 1 1
bbc
Most are staying at home sitting in their a---- and enhancing their bank savings and Boris and dog getting their their daily photoshoot at tax payers expense
12/02/2021 14:14:30 0 1
bbc
they all are until it comes close to an election AND they are not in a safe seat.
12/02/2021 19:43:25 0 0
bbc
Like them all, Prime Ministers Question Time shows exactly what they are, just a childish rabble!
32
12/02/2021 10:54:53 2 11
bbc
Brits will always try to spend themselves out of trouble.
10
12/02/2021 10:52:14 16 20
bbc
A cold ten years ahead now, that's if the good ship Brexit stays afloat...
33
12/02/2021 10:55:09 3 3
bbc
Can you not just get over it?
305
12/02/2021 11:17:59 1 3
bbc
Over what ?

We are just now starting to see the financial consequences of Brexit.

Fishing, farming, JIT industries ???

No 'deals' on 'Services' which make up about 80% of countries wealth.
Amsterdam stock market now trading ahead of London.

What did you expect, tell me what's going to get better within the next ten years, the country had just recovered from 2008 crash ?
34
12/02/2021 10:55:09 21 22
bbc
Well I never, who would have seen that coming? Another bleeding obvious report from the BBC
68
12/02/2021 10:58:35 30 8
bbc
The report is from the Office of National Statistics. The BBC are a news organisation who have brought you news about the report, as is their remit.
255
12/02/2021 11:14:05 2 2
bbc
The headline may be obvious but the detail wasn't apparent to many. Maybe read the whole story and judge, rather than just the headline. Can you tell me where we'll be at the end of the next quarter, to one decimal place?
436
12/02/2021 11:27:32 0 0
bbc
Its a news. we would like to know the details, size of contraction etc.
Celebrity news on other section.
35
12/02/2021 10:55:27 7 8
bbc
If we only knew what matters in life we would be happy focusing on worshipping G-d and pondering on eternity that awaits us.
9.9% ? It is nothing.In 2020 Tories spent so much money that is beyond our human comprehension yet when G.Brown finished his term as PM he left a note for D.C that coffers are empty and there is no money at all
Tory austerity works then as they saved so much money in 10 yrs
36
GW
12/02/2021 10:55:33 4 6
bbc
Sunak the UK economy suffered a significant shock no kidding Sherlock if he's the best we got (but then he us a son in law of a billionaire)
332
12/02/2021 11:19:58 0 1
bbc
You only need to look at Dodds to think it could be worse
21
12/02/2021 10:53:42 26 23
bbc
Don't worry about all the bad news, cos Boris has a plan (just no one knows what it is) & we'll soon be over the "bumps in the road", our teeth won't hurt & we'll be cruising at altitude enjoying G&T's galore with unlimited peanuts!

Meanwhile, in the real world.............??
37
12/02/2021 10:55:34 8 6
bbc
Peanuts will be administered to a nation suffering from anaphylactic shock
156
12/02/2021 11:05:52 1 1
bbc
The peanuts will continue until morale improves.
38
12/02/2021 10:55:43 4 15
bbc
If only we had prospered mightily under No Deal Brexit...
19
12/02/2021 10:53:19 18 18
bbc
This is like saying ice melts in the sun, obviously with everything closed the economy was bound to be hit. Government spending is up with all the help schemes available. No wonder China has banned the BBC for reporting fake news. This article is stating the obvious.
39
12/02/2021 10:55:47 8 6
bbc
How can stating the obvious also be fake news?
Either it's obvious and true, or it's fake and therefore not obvious at all?
822
12/02/2021 11:49:02 0 0
bbc
Don't confuse them with your facts.
40
12/02/2021 10:55:55 164 68
bbc
With our superior vaccination rollout we should hopefully be able to get the nation moving quickly once restrictions are lifted
95
12/02/2021 11:00:43 65 199
bbc
Wales are doing better than England
119
12/02/2021 11:02:59 19 21
bbc
Not of sage still running the show. Even when everyone vaccinated they are now saying all restrictions to remain in place forever
147
12/02/2021 11:05:26 12 11
bbc
So sometime towards Christmas 2021 or early 2022 if SAGE have their way.
290
12/02/2021 11:16:45 13 5
bbc
Not if SAGE and Matt Hancock get their way.
322
12/02/2021 11:14:37 7 5
bbc
Looking like we will be out of lockdown long before the EU! :-)
367
12/02/2021 11:22:51 11 0
bbc
We've certainly done well with vaccinations, though most every country in the world has 'superior' death rates and our ecconomic crisis is certainly not 'superior'.

The ecconomy wil certainly start moving, let's hope it confounds general expectation.
489
12/02/2021 11:23:39 2 6
bbc
doubt it...borders are open more virus will mutate meaning vaccine won't work
12/02/2021 12:44:52 0 4
bbc
Superior vaccination rollout? Only just over half a million in total in the UK have been vaccinated.
12/02/2021 13:31:44 0 0
bbc
'Our'? What was you contribution, aside from having one?
12/02/2021 14:19:07 0 1
bbc
Yep - then we can face the reality of Brexit which is never ending.
12/02/2021 14:40:55 0 0
bbc
Superior. Note scientist who produced Pfizer vaccine accused Govt of having no data to back up delayed second jab policy. Now whose right and does that make the rollout superior. If the single jab policy is so good why is it not being adopted around the world. Time will tell but don't make superior statements yet.
1
12/02/2021 10:51:02 46 48
bbc
Yep. Covid lockdowns, set to cause more deaths through poverty than Covd-19 will.
41
12/02/2021 10:55:58 7 11
bbc
Yep, and probably from mental health issues as well. Goalposts continually being changed, and the approach now seems to be to hell to people's livelihoods, family and friends, mental health, businesses and any kind of life, and lets simply keep everyone locked down for the year. The position of Government taking a balanced approach to health and economy seems to be gone, becoming very one sided.
522
12/02/2021 11:28:36 3 1
bbc
Imagine if all you mental health campaigners had cared about mental health a year ago.
42
12/02/2021 10:56:05 8 9
bbc
The track and trace BILLIONS are included in these spending figures. That is such a con from the Conservatives. Take away that money from the figures and we have a double dip recession. Now you know what that money REALLY bought, a lie.
43
12/02/2021 10:56:10 9 9
bbc
Have you seen this dross?

'England's hotel quarantine system could be less stringent than Australia's scheme, a BBC analysis has found.'

Right. So what?
86
12/02/2021 10:59:48 3 5
bbc
just the usual crap reporting from the BBC filling up vacant news space
94
12/02/2021 11:00:34 1 2
bbc
Wake up.
690
12/02/2021 11:45:59 0 1
bbc
Meaning Australia locked down early and hard. They are now, pretty much, coming out of it. As indeed is New Zealand. We on the other hand have outsourced so much now that when the shiznit hits the fan, we go into meltdown and start blaming xyz and screaming about taxes. Anybody would think it was a loaded game against people.
30
12/02/2021 10:54:43 11 10
bbc
The "acid test" will be how the economy recovers. If faster than the EU then Brexit was a good idea. If slower then it was a bad deal. We just need to sit it out and wait to see what happens.
44
12/02/2021 10:56:36 2 5
bbc
someone always has to mention the b word
16
12/02/2021 10:52:50 14 16
bbc
Most economies shrank in 2020.
UK -9.9%
EU -6.4%
Canada -5.3%
Japan -5.2%
Australia -4.1%
US -2.4%

No doubt this HYS will analyse why the UK slump was far bigger than the rest, and come to a top rated conclusion that mentions the BBC.....
45
12/02/2021 10:56:37 9 1
bbc
80% of the UK economy is service sector, you close that down it will certainly have an impact.
46
12/02/2021 10:56:54 6 5
bbc
The governments answer was to lockdown and close everything.

All that was propping up the economy was manufacturing despite exports being lower on global markets and construction which is only a domestic market.

Compound with the chancellors' furlough as many as possible and it's was the perfect storm for a shrinking economy.

The question is now, how and when do they get it moving again?
173
12/02/2021 11:07:09 0 2
bbc
It will have to within the next few weeks, because the UK cannot survive on borrowed dirty money for much longer.
594
12/02/2021 11:33:16 0 0
bbc
all they had to do was shut borders
927
12/02/2021 11:55:20 0 0
bbc
Yet the facts don't agree with you. If the Government had locked down early and hard, the economy would have shrunk far less.
47
jon
12/02/2021 10:57:09 12 6
bbc
Not surprising in a pandemic when so many businesses and shops are closed and you can’t even get a hair-cut. We are just awaiting the pent up re-bound. The fall in GDP seems to be about the same level as the fall in income from the BBC licence fee, based on NAO figures.
48
12/02/2021 10:57:09 7 7
bbc
Well there's a surprise, shutting down an economy, causes its economic activity to stop... has anyone told Boris?
140
12/02/2021 11:04:33 7 3
bbc
The highly incompetent Boris and his mob are fully aware of this, but, for as long as they can retain their extremely overpaid salaries and jobs they do not give a toss about anyone else but themselves. The worst government in modern UK history.
274
12/02/2021 11:15:49 1 0
bbc
Yes he did know thats why despite moaning from idiots he didn't lockdown earlier. if we lockdown earlier this tiny 10% drop would easily be 40%
8
12/02/2021 10:51:51 26 31
bbc
Government sets out to destroy the economy - and succeeds !

What a shocker !
49
12/02/2021 10:57:12 7 5
bbc
Yet will still have a majority at the next General Election
50
12/02/2021 10:57:14 5 7
bbc
This is despite the fact that the IM F said,in ,November,we had responded economically better than any other country and were an example to.be followed by th e rest.
134
12/02/2021 11:03:57 2 3
bbc
IMF was clearly wrong if they had said that. Economically the US in my view is doing the best. They let the zombie firms go bust free up people to start the new economy by giving them money directly and through increased unemployment payments. Furlough traps people what will happen to them once it ends ? Will the company's they work for still be viable ?
983
12/02/2021 11:59:07 0 0
bbc
did the IMF have some sort of brain fart, or did you simply make that up? It has been known for quite some time that the UK has performed poorly both in terms of Covid safety and the economy.
9
12/02/2021 10:51:59 17 17
bbc
No surprise there.
Don't worry multimillionaire Rishi will make sure the poor get poorer.
51
12/02/2021 10:57:25 5 6
bbc
Get real. Have you seen how much tax payers money he’s diverted to those who can’t work? If you’ve been furloughed you’d be grateful. If you’re a tax payer you’d be aware of this. So I guess you’re neither and just live with your parents.
238
12/02/2021 11:13:04 3 3
bbc
I live with your parents, because they prefer me to you.
52
12/02/2021 10:57:26 28 22
bbc
It's time we opened up again. The comparisons between California and Florida show that locking down or not locking down has little overall impact on Covid rates, but a massive impact on people's livelihoods.
249
12/02/2021 11:14:04 7 4
bbc
but unlike UK, these are hot/humid places, Viruses struggle more in hotter climates than colder ones. so this analysis is pointless
304
12/02/2021 11:17:59 2 0
bbc
Different climates though. During the Winter in the UK you struggle to mix outdoors so need to get the case numbers to manageable levels. Unfortunately £22bn on Track Trace and Isolate has been very poorly spent
463
12/02/2021 11:28:46 0 1
bbc
Cherry picking. Plus Florida “adjusted” its numbers to not include people whose legal residency is outside Florida. A large %age of retirees (snowbirds) live in Florida for 3-6 months but have their main home elsewhere.

Compare Sweden (non lockdown) to Norway , Denmark, Finland or Iceland compare USA to Canada your argument doesn’t hold up.
515
12/02/2021 11:27:03 0 1
bbc
we would have been but they decided to keep borders open instead
53
12/02/2021 10:57:30 1 2
bbc
we need to simplify the system , It is a minefield out there..
13
12/02/2021 10:52:40 65 13
bbc
But whatever you might think, sounding off here won't help. If you want to get your point heard more constructively, lobby your MP.
54
12/02/2021 10:57:31 27 6
bbc
My MP is just another useless Tory lunk, an old journalist pal of Bozo who was parachuted into a safe seat with zero experience in any form of local or national government. It's pathetic and so is he.
13/02/2021 11:11:20 0 0
bbc
As are most of them. Labour are just as bad.
55
12/02/2021 10:57:33 7 3
bbc
The economy will no doubt bounce back in some ways but not as much as predicted. Cities have changed forever due to people working from home, getting on a packed train to commute will not get back to normal levels for a long time if at all, which will have a big impact on the service sector
310
12/02/2021 11:18:37 2 0
bbc
I have no doubt working patterns will change, there will be more working from home, but I don’t think we see the end of office working. The service sector will have to change and adapt to cater to the new working norms which could see more co working space/coffee shops in smaller towns or countryside where people can turn up and book office space for a few hours instead of working from home.
820
12/02/2021 11:48:02 0 0
bbc
I am waiting for the Express headlines of Britain racing back ahead of Germany. Would that be the Germany that only contracted a couple of percent?
12/02/2021 13:11:41 0 0
bbc
I'm almost certain that your predictions about the future "getting on a packed train to commute will not get back to normal levels for a long time if at all" are completely wrong.

Not because things need to 'get back to normal', but because of human nature. Managers will need to 'get things back to normal' so they can 'be in control'. Human control freakery is an almost unstoppable characterisic.
24
12/02/2021 10:54:06 17 18
bbc
COVID and Brexit, a double whammy for the economy - one God made, and the other all our own fault!
56
12/02/2021 10:57:35 4 10
bbc
pessimist
109
12/02/2021 11:01:50 1 1
bbc
Optimist!
339
12/02/2021 11:20:56 1 1
bbc
Realist more like. No amount of your blinkered flag-waving optimism will change the truth.
9
12/02/2021 10:51:59 17 17
bbc
No surprise there.
Don't worry multimillionaire Rishi will make sure the poor get poorer.
57
GW
12/02/2021 10:57:36 5 6
bbc
Already started planning to cancel tax allowance increased - workers paying again
58
12/02/2021 10:57:42 9 9
bbc
Yes everyone has suffered economically through Covid.

However. With formally such a strong economy we do need to acknowledge the utterly incompetent UK leadership to send us to the very bottom of global economic perfromance with the highest proportionate death rate.

Corrupt UK mismangement by govt would be kind. Add the Brexit shambles and not even tin pot dictators would do this much damage.
125
OwO
12/02/2021 11:03:17 2 3
bbc
"highest proportionate death rate"

Not now, not before, not ever: https://www.statista.com/statistics/1104709/coronavirus-deaths-worldwide-per-million-inhabitants/

Stop lying, it makes you look silly.
59
12/02/2021 10:51:37 7 7
bbc
A record slump? I wonder what caused that, BBC?
195
12/02/2021 11:08:39 2 3
bbc
Oh dear.

Try reading the article, or even the vast number of articles on this topic elsewhere

If you can't figure the rest out yourself, then no one can help.
923
12/02/2021 11:54:02 0 0
bbc
They know... they are reporting on the ONS report which states the figures precisely.
60
12/02/2021 10:53:39 12 10
bbc
BBC over over this like a rash as it's bad news. Any good news they don't want to mention it. Of course this was expected so not really news at all. HYS on this of course but not on other things we want to take about
102
12/02/2021 11:01:12 2 2
bbc
They will be and they will dress it with as much hyperbole as they can.
159
12/02/2021 11:05:58 2 1
bbc
The rest of the Media are on it as well. Same Headline in the Express.

In the meantime the BBC also reported the exclusive Daily Mail article by Andy Haldane which was pretty optimistic.

If you want a personalised view of News, and you don't like the BBC one, stop moaning- you have a choice
Removed
751
12/02/2021 11:46:47 0 0
bbc
man complains about his lack of understanding of what words mean.
16
12/02/2021 10:52:50 14 16
bbc
Most economies shrank in 2020.
UK -9.9%
EU -6.4%
Canada -5.3%
Japan -5.2%
Australia -4.1%
US -2.4%

No doubt this HYS will analyse why the UK slump was far bigger than the rest, and come to a top rated conclusion that mentions the BBC.....
61
12/02/2021 10:57:53 3 3
bbc
Absolutely no doubt it will be the BBC's fault in some of the HYS 'defunders' for reporting it and it would have been at least 3 points lower if they hadn't.
22
12/02/2021 10:53:45 207 69
bbc
It’s terrible. There is no other way of looking at at.
As soon as Government support like furlough ends the economic destruction is going to cause poverty on a scale we haven’t seen in Britain for decades.
62
12/02/2021 10:57:56 101 185
bbc
another pessimist
114
12/02/2021 11:02:33 27 10
bbc
Well done for offering the fact and reason based analysis as to why I’m wrong.
392
12/02/2021 11:24:24 19 12
bbc
or just a very likEly outcome - just wishing things were better does not work - it did'nt for brexs*it and it won't now.
445
12/02/2021 11:27:58 18 6
bbc
Realist
488
12/02/2021 11:31:03 8 10
bbc
Another deluded person...
12/02/2021 12:27:36 3 2
bbc
Here's what Europe's tourist economies are already discovering, it ain't just the UK who locked-down.

https://www.euronews.com/2020/12/11/new-poverty-hits-europe?minutetv=true
12/02/2021 12:40:00 2 0
bbc
It'll be the case in certain sectors of the population - many pubs, bars, and restaurants will not reopen, loss of thousands of jobs. Many small shops will not reopen and many larger stores are now gone or cutting back significantly - again thousands out of work. Add that to people surviving on 80% salaries or less and there will be many millions who will not be going out spending too soon!
12/02/2021 12:50:23 3 0
bbc
another realist more like
12/02/2021 14:36:22 1 0
bbc
What else still Govt spin will soon have you believing they are going to put everything right.
12/02/2021 18:08:14 0 0
bbc
can't pay your rent with positive thinking....head out of sand time
13/02/2021 13:40:17 0 0
bbc
No Walt is a realist.
63
12/02/2021 10:58:06 4 3
bbc
Was the expected economic impact (as well as social cost, mental health cost, loss of education) considered when weighing up the pros and cons of implementing a lockdown? Maybe I've missed something, but it sometimes seems to me like the reduction in Covid transmission has become a single minded goal, with little to no consideration for anything else.
133
12/02/2021 11:03:44 1 3
bbc
I think consieration was initially given to all of that but now, as you say it is all solely about COVID transmission and SAGE. Education, mental health, family life, friends, any form of social contact, any form of hobby or interest which involves leaving your house for more than 1 hour a day, business and livelihoods, forget it, all they are interested in now is lockdown, lockdown, lockdown.
64
12/02/2021 10:58:06 394 41
bbc
One of the costs of having an economy totally reliant on the service sector. Never put all your eggs in one basket.
120
GW
12/02/2021 11:03:01 134 179
bbc
What baskets oh yeh those in Government!
241
12/02/2021 11:13:10 17 8
bbc
reading the news today, it seems that those eggs are flying to Amsterdam anyway!
247
12/02/2021 11:13:42 12 6
bbc
Is that the services sector that is mostly collapsing or moving abroad?

When your one basket has egg-sized holes in the bottom... :/
317
12/02/2021 11:11:57 26 1
bbc
Hopefully production will be coming back to the UK to some extent. I am in horticulture, the industry is already planning a lot of expansion, of proper production nurseries, not depots for imports!
449
12/02/2021 11:20:14 3 4
bbc
we have no eggs bbc news reported a shortage of eggs after brexit ,apparently there mustr be no chickens in the uk ,only parliamentry ones
457
12/02/2021 11:22:22 8 0
bbc
buying new clothes when you dont need them such a waste
560
12/02/2021 11:36:38 4 0
bbc
Like oil, whisky and golf
740
12/02/2021 11:50:20 6 3
bbc
Good show then that Labour invested in so many industries closed (because of multiple issues) under Thatcher then isn't it? Oh.
881
12/02/2021 11:50:20 5 3
bbc
We need to take this in context with rest world in 2020 and report this fairly.

In 2020 even with biggist slump on record the UK over took France and india to become 5th biggist economy in the world.

This was never supposed happen the UK was never suppose to overtake India with population of 1 billion 380 million.

Does UK celebrate it became 5th biggist economy in the world due virus.
973
NM
12/02/2021 12:09:09 3 0
bbc
Most of the financial services sector has continued on without major disruption, as they can carry out the majority of their work from home.
12/02/2021 12:13:11 1 1
bbc
Except it isn't totally reliant. And much of the service sector such is still going fine, it is more to do with 'little people' - servicing 'offices' and 'Bricks and mortar' sales outlets where the issues lie. MPs and the public sector will survive though! Working form home means less office space, fewer cleaners, filing clerks, receptionists etc.
12/02/2021 12:21:11 1 1
bbc
Yeah but egg and basket production isn't service sector.
12/02/2021 12:47:26 2 0
bbc
Indeed. Need manufacturing back.
12/02/2021 12:49:26 5 1
bbc
Some people can remember the unionised days of the 70s and earlier where the working day was anything but "working".
12/02/2021 12:53:28 3 1
bbc
That'll be the UK which is the world's 9th largest manufacturer & 5th biggest exporter...
12/02/2021 12:57:14 0 1
bbc
Do you understand what the service industry is? it's not just finance, it's your hairdresser, your car mechanic, your coffee shop, your local pub, restaurants, cinema etc etc
12/02/2021 13:13:54 0 0
bbc
It doesn't matter how your economy is balanced this would be the outcome . Unless the country was full of online shoppers and Tesco
12/02/2021 16:09:40 0 0
bbc
How did this comment get 316 upvotes? The U.K. has a highly diversified economy. All kinds of services are exported: special effects, consulting, chip design (for the iPhone etc), satellite design. Financial services are only small part of that. And where the profits are there - are hardly affected by Brexit. Services are where future growth lies.
12/02/2021 17:14:09 0 0
bbc
Totally reliant?
6
12/02/2021 10:51:38 127 78
bbc
This is of course a result of COVID. However, the numbers compare extremely unfavourably with other countries. The 2nd most damaged economy in Europe for 2020. Coupled with the 2nd highest death rate in Europe and the ‘balancing act’ seem to have taken a tumble. This is down to gross mismanagement, incompetent leadership and Brexit uncertainty.
65
GW
12/02/2021 10:58:21 118 54
bbc
World beating levels of incompetency.
12/02/2021 12:38:51 2 3
bbc
Yes you are incompetent.
12/02/2021 14:21:43 1 0
bbc
world beating levels of zzzzzzzzzzzzz......
12/02/2021 14:26:33 0 1
bbc
Any excuse to moan.
17
12/02/2021 10:52:56 20 28
bbc
Covid is masking the true damage being done by Brexit. The trouble is that the government will continue to be in denial until it is too late. Once businesses change suppliers they don't come back.
66
12/02/2021 10:58:22 5 5
bbc
another pessimist
19
12/02/2021 10:53:19 18 18
bbc
This is like saying ice melts in the sun, obviously with everything closed the economy was bound to be hit. Government spending is up with all the help schemes available. No wonder China has banned the BBC for reporting fake news. This article is stating the obvious.
67
12/02/2021 10:58:29 2 1
bbc
I never saw this coming
34
12/02/2021 10:55:09 21 22
bbc
Well I never, who would have seen that coming? Another bleeding obvious report from the BBC
68
12/02/2021 10:58:35 30 8
bbc
The report is from the Office of National Statistics. The BBC are a news organisation who have brought you news about the report, as is their remit.
142
OwO
12/02/2021 11:05:01 2 5
bbc
"Economy bad in lockdown" is news?
200
12/02/2021 11:09:05 9 1
bbc
Don't try and reason with people like that, they will never let facts sway their bias or bigotry.
243
12/02/2021 11:13:19 1 5
bbc
Another way to look at it might be that the BBC fills their news delivery with this kind of bleeding obvious reporting thus removing space for the news they might not want you to be aware of. Isn't it also part of their remit to bring that news as well?
69
12/02/2021 10:58:37 4 2
bbc
This is very good considering. Expect the same level of growth from APril onwards
98
12/02/2021 11:00:48 3 3
bbc
I would't expect anything from April onwards, we will be lucky to see anything by the end of the year if SAGE have anything to do with it.
907
12/02/2021 11:52:23 0 0
bbc
considering it is the worst in the western world?
7
Ian
12/02/2021 10:51:50 325 48
bbc
?? Sadly, the taxes of the young and future generations will be paying for this pandemic for a very long time. The UK is in wartime levels of debt. ??
70
12/02/2021 10:58:40 249 115
bbc
Unfortunately only COVID deaths matter these days. Other deaths or hardship caused by lockdowns or border restrictions don't get daily numbers published on the BBC so are unimportant - not worth tweeting about with faux outrage.
155
12/02/2021 11:05:45 23 15
bbc
Exactly. Government deliberately not looking at the effects of no social contact on young infants. Kids need social contact so their immune systems can develop properly. Two years of no contact and constant hand washing you will see these kids develop allergies etc. They probably will need to isolate from society every year during flu season
169
12/02/2021 11:06:55 40 35
bbc
If you examine the following :

https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths/bulletins/deathsregistrationsummarytables/2019

Covid has caused 20% increase in deaths per year. It also causes the hospitals to become blocked due to bed usage, and is more infectious than flu.

In the end, the reaction to covid is justified.
251
12/02/2021 11:09:57 32 15
bbc
nobody at all died from flu this year i see, in my borough council by bbc chart less people have died over the rolling 5 year average since march than ever, these deaths are shocking but surely no one dies unless its covid is ridiculous , ps reigate borough council if you want to check
283
12/02/2021 11:16:13 30 13
bbc
Absolutely - and we must not stray from this mantra. To hell with the young, those ill with cancer or heart disease, or those losing their jobs and homes.
351
12/02/2021 11:21:46 4 1
bbc
The BBC aren't going to publish the statistics you mention because they don't exist. 'Excess deaths' statistics are given but these are only calculated weekly and are always subject to revision.
580
12/02/2021 11:38:56 5 0
bbc
Every news bulletin on every channel contains reports of people harmed by the effects of covid on other treatments and support.
637
12/02/2021 11:41:53 8 3
bbc
What would you propose, just open everything up and hope?
There was no way without the vaccine that 15 million people could be shielded effectively while 50 plus million went back to normal.
Once the hospital is full it will not matter you are 18 or 80 there would be no bed.
757
12/02/2021 11:51:15 1 2
bbc
I think the outrage is totally genuine.
12/02/2021 12:13:06 0 2
bbc
because death matters - talk to loved ones of those that have perished before spouting your runbbish
12/02/2021 12:22:39 2 2
bbc
and even those numbers are hidden by the convenience of 'dying with' and 'within 28 days of a +ve PCR test' One day the truth will come out, but not while the current generation of politicians and scientists are around, they have careers to save! IF the NHS can shut down for 10 months & not affect mortality, then why did we sacrifice tens of thousands in care homes to save it?
5
12/02/2021 10:51:31 393 95
bbc
This is as good a time as any to change how we measure economic progress, ceasing use of GDP and looking for alternative measures that have wellbeing and the environment at heart, maybe Genuine Progress Indicator (GPI) and/or Gross Domestic Happiness (GDH) instead.

After all our poor attitude to the environment, through perpetual growth aims, is how this crisis arose in the first place.
71
12/02/2021 10:58:40 109 25
bbc
I am not sure how happiness can genuinely be measured. But I agree that there needs to be s change in the way that the state of the country and the economy need to be measured.

I would suggest, the Nobel prizes won by a UK citizen, local species saved from extinction, new patents converted into businesses and number of people above the poverty line.
189
12/02/2021 11:08:14 23 16
bbc
The biggest problem we have is there are too many unemployable, feckless, lazy, clueless people about that expect something for nothing; taking from the system whilst contributing nothing, being subsidised by those who are none of the above. Thats the fundamental problem!
578
bob
12/02/2021 11:38:32 3 0
bbc
You can never get more people above the poverty line because of the way we measure it. Every person in UK is incredibly rich in global terms, with free education, free healthcare, pension and benefits, yet we still claim millions are in poverty. This is because we treat it as a relative measure - so if I get a pay rise you automatically become poor, apparently.
12/02/2021 12:16:10 1 1
bbc
The quickest way to get more people above the poverty line using the current relative measure, is to kick out all the rich. The only problem, the poverty line will sink below the surface, so we'll not be poor according to Govt, but we may all 'starve'!
12/02/2021 12:16:37 1 0
bbc
“I am not sure how happiness can genuinely be measured.“

By asking people about their feelings

Camoron commissioned a study in 2011

It found people live in triangles between where they live, work and spend

The smaller the triangle the happier they are
16
12/02/2021 10:52:50 14 16
bbc
Most economies shrank in 2020.
UK -9.9%
EU -6.4%
Canada -5.3%
Japan -5.2%
Australia -4.1%
US -2.4%

No doubt this HYS will analyse why the UK slump was far bigger than the rest, and come to a top rated conclusion that mentions the BBC.....
72
12/02/2021 10:58:48 4 3
bbc
It's obvious why it was bigger than the rest. We don't manufacture enough to have an export market large enough to rely on.

We've relied for too long on the services market. Now we're out of the EU we must move back into manufacturing.
12/02/2021 12:21:10 0 0
bbc
It's obvious you're ignoring the facts.

The UK is the world's 5th largest exporter & 9th largest manufacturer.
5
12/02/2021 10:51:31 393 95
bbc
This is as good a time as any to change how we measure economic progress, ceasing use of GDP and looking for alternative measures that have wellbeing and the environment at heart, maybe Genuine Progress Indicator (GPI) and/or Gross Domestic Happiness (GDH) instead.

After all our poor attitude to the environment, through perpetual growth aims, is how this crisis arose in the first place.
73
12/02/2021 10:58:58 12 2
bbc
I would imagine that the measure of Gross Domestic Happiness would currently be a significnat negative figure.
13
12/02/2021 10:52:40 65 13
bbc
But whatever you might think, sounding off here won't help. If you want to get your point heard more constructively, lobby your MP.
74
12/02/2021 10:58:58 17 1
bbc
Basically I agree. However, my MP never ever replies! Think I might try holding a seance next time to see if I can get through.
108
12/02/2021 11:01:42 17 1
bbc
I have one of them. Parachuted in from LOndon to get a seat in Cov and does absolutely nothing !
75
12/02/2021 10:59:00 30 41
bbc
It could be worse!

It could be a lot worse!

Jeremy Corbyn & John McDonnell could be in Downing Street with their £1Tn Marxist vanity project borrowing & spending
179
12/02/2021 11:07:36 15 4
bbc
so the £2 tn this government has borrowed since the pandemic started is fine by you
186
12/02/2021 11:08:00 5 1
bbc
Got any actual proof for that as historically the Tories borrow more and pay back less quickly? Now that is a fact, try doing some research. Just another Tory apologist.
233
Tv
12/02/2021 11:12:31 2 2
bbc
This is stupid. Reality is affecting us, not what iffs.
270
12/02/2021 11:15:21 2 2
bbc
And it still would be no where near the amount the clown on a bike has given to his useless chums
291
12/02/2021 11:16:47 4 1
bbc
Absolutely blinkered.

This government have siphoned off billions in dodgy and unfulfilled contracts, and plan to turn this country post-Brexit into the world's leading tax haven. They are already trying to rewrite our human rights and workers' rights. They are populist cronies and crooks.

You are sleepwalking into it all still looking over your shoulder for the socialist boogeyman.
295
12/02/2021 11:16:53 2 1
bbc
Since Corbyn and MacDonald are not heading the Labour party, then this is impossible. So why post what you did ?

In addition, HS2 is going ahead and only 1% of the population, at best, will benefit from it. That is £100bn wasted.

Then the £22bn track and trace paid to their mates, which does not work

Then the PPE contracts. Also a minister created a medical company, where he had no experience
387
12/02/2021 11:24:01 1 1
bbc
Tory disaster, own it!
497
12/02/2021 11:25:54 1 1
bbc
Yeah free Wi-Fi for everyone, what a ridiculous idea. Who would that help?
76
12/02/2021 10:59:01 5 7
bbc
The obvious and natural result of austerity and right wing economics, same as 2008, now they can barely make it 10 years without another crash.

The system isn't working and the elite are beginning to fail far faster and far worse than ever. The longer they allowed to carry on the more will die for their greed and recklessness.
100
OwO
12/02/2021 11:01:08 4 3
bbc
Nothing to do with that whole lockdown then, eh?

Try engaging your brain before typing.
77
12/02/2021 10:59:05 91 10
bbc
If we invested in new jobs rather than shoring up those that will not exist post-furlough we will be able to move back up more rapidly with genuine jobs and businesses
154
12/02/2021 11:05:35 45 14
bbc
Who is the we
498
12/02/2021 11:26:31 3 3
bbc
many will turn to drug dealing to make money
569
12/02/2021 11:37:49 3 5
bbc
Employing people to tend the unicorns that we were promised? What other new jobs did you have in mind?
646
12/02/2021 11:42:49 2 6
bbc
I can't believe this completely vacuous virtuous twaddle has got so many ups it means absolutely nothing at all mind you maybe that's why so many people are rushing to have a vaccine they don't need
725
Ann
12/02/2021 11:49:08 0 0
bbc
How can you do that when you still in lockdown ? All this works when the economy is open.
12/02/2021 12:32:27 2 4
bbc
Agree, but we've launched Brexit upon the economy and the next year or so will all be about jobs that we had relocating elsewhere in their tens of thousands. We've made a bad situation far worse. Hey ho, a bit of patriotism and EU bashing will solve all our problems and pay our bills.
12/02/2021 12:57:31 0 2
bbc
Who chooses what businesses to invest in? HMG & other Governments chose to support financial institutions last time, which doesn't appear to have worked out as well as they thought given the BOE is now considering -ve interest rates.
12/02/2021 17:55:04 1 0
bbc
I fully agree. What's the point of supporting the travel industry which destroys the planet. Those in that sector can be better employed in something more productive and far less damaging. Funny how outraged frequent flyers get when you point out that no one needs to fly.
13/02/2021 07:07:41 0 0
bbc
What new jobs? Examples?
23
12/02/2021 10:53:47 18 21
bbc
Only the UK imposed economic sanctions on itself at the worst possible time.
78
12/02/2021 10:59:09 4 3
bbc
We left the single market 31 Dec 2020, the last day of 2020 in case you hadn't worked that out.
1
12/02/2021 10:51:02 46 48
bbc
Yep. Covid lockdowns, set to cause more deaths through poverty than Covd-19 will.
79
12/02/2021 10:59:19 7 11
bbc
The Tories don't care.
210
12/02/2021 11:06:06 7 9
bbc
Nonsense. Giod help us if Labour had been in power
217
12/02/2021 11:10:53 4 5
bbc
Well off Tory retirees all over this post. Financially sound, guaranteed retirement income.
Count the down votes to this as proof.
80
12/02/2021 10:59:19 55 26
bbc
UK economy suffered record annual slump in 2020...nearly 10% is a huge fall. However the vaccine is the key to unlock growth and let loose the coiled spring to release the economy from lockdown and build consumer confidence.
354
12/02/2021 11:22:04 42 27
bbc
The Government need to resist the SAGE proposals of restrictions lasting forever for that to happen.
419
12/02/2021 11:26:06 12 4
bbc
The government is too terrified to open up the economy and half the population has got Stockholm syndrome.
665
12/02/2021 11:44:19 9 0
bbc
I read the article as well.

While I have a lot of respect for Haldane and it was positive, it was still an article for Daily Mail reader consumption, so not surprised at its tone.

In the balanced world, He knows the Coiled spring effect will only happen over a very short period due to pent up demand.

The reality of clearing the latent debt and loss of capacity & jobs is far longer term.
12/02/2021 14:46:14 3 1
bbc
Another coiled spring believer. Wait while the stealth taxes and brexit kick in.
12/02/2021 19:52:31 0 1
bbc
Please do not rely on the vaccine being that good.
This one does not prevent, give immunity, it helps to fight the symptoms.
You can still catch it and pass it on.
Society still needs to keep up quarantine precautions to reduce the infections to near zero.
No I didn't say lockdown as it's not, that is a stupid sound byte.
Check the facts but you'll have to dig for them as they are not at the top!
16
12/02/2021 10:52:50 14 16
bbc
Most economies shrank in 2020.
UK -9.9%
EU -6.4%
Canada -5.3%
Japan -5.2%
Australia -4.1%
US -2.4%

No doubt this HYS will analyse why the UK slump was far bigger than the rest, and come to a top rated conclusion that mentions the BBC.....
81
12/02/2021 10:59:26 4 5
bbc
I suspect it's because a large number of people who make up the workforce of this once fine land, have had enough of being called every negative name under the sun by such sources as the BBC, so have stopped bothering to contribute.

(something like that?)
97
12/02/2021 11:00:46 2 5
bbc
Once fine land? Some patriot you are. Stop talking Britain down, like a doomster and a gloomster! It's still a fine place to be.
82
12/02/2021 10:59:29 3 8
bbc
NO SURPRISE THERE THEN. Of course once we get Covid under control, there’s the Brexit fallout. UK fisherman sold down the river. Fish stocks and the marine ecosystems continue to suffer.
Business will improve clearly but then the dark clouds of climate change are looming.
Big changes required in UK rural land use required to restore biodiversity and carbon sink. ENVIRONMENT FIRST NOW.
113
12/02/2021 11:02:32 2 3
bbc
Yes, the EU are being really shellfish
7
Ian
12/02/2021 10:51:50 325 48
bbc
?? Sadly, the taxes of the young and future generations will be paying for this pandemic for a very long time. The UK is in wartime levels of debt. ??
83
12/02/2021 10:59:42 45 5
bbc
Its not just the UK, every developed and developing country has ruinous levels of covid debt....

Apart from the Chinese.......
192
12/02/2021 11:08:29 23 5
bbc
Had a video call with my mare in Japan this morning.
Japan; lower level of contraction, and everything open apart from some parts of Tokyo. He 'hasn't experienced lockdown yet'. His words.
427
NP
12/02/2021 11:26:43 3 2
bbc
The problem is import everything, even farm people can't hire local (and in many cases local are not ready to work for farms). Huge egress of currency and growth from consumerism never going to fix the problem.
480
12/02/2021 11:30:40 1 10
bbc
Maybe there's something to be said for a police state
895
12/02/2021 12:02:40 3 1
bbc
And how very strange that is, china appeared to create this virus and they are the ones back to normal, investigations will never prove what we suspect
12/02/2021 12:22:10 0 0
bbc
Yes the Chinese just print more money - and nobody to question them
84
12/02/2021 10:59:43 1 3
bbc
I'm wealthy! Excellent!
12
12/02/2021 10:52:31 54 15
bbc
Here come a load of comments about how this is stating the obvious, which in itself is stating the obvious, as if anyone could have predicted 9.9% to the last decimal place while not realising the ONS are required to give economic reports and have done for several years.
85
12/02/2021 10:59:44 51 13
bbc
And your comment is stating the obvious. Lol
SJ
12/02/2021 14:46:51 0 0
bbc
I knew that.
43
12/02/2021 10:56:10 9 9
bbc
Have you seen this dross?

'England's hotel quarantine system could be less stringent than Australia's scheme, a BBC analysis has found.'

Right. So what?
86
12/02/2021 10:59:48 3 5
bbc
just the usual crap reporting from the BBC filling up vacant news space
12
12/02/2021 10:52:31 54 15
bbc
Here come a load of comments about how this is stating the obvious, which in itself is stating the obvious, as if anyone could have predicted 9.9% to the last decimal place while not realising the ONS are required to give economic reports and have done for several years.
87
12/02/2021 11:00:06 8 5
bbc
I love it when dullards make really glib comments on HYS, such as :

"In other news, bears defacate in the woods" etc.

They think they're being really witty.
Two comments from you in as many posts that are basically just name calling, very witty! Removed
935
12/02/2021 12:06:00 3 2
bbc
It is the same on every topic on HYS. The recent cold weather arriving from an Eastern storm, that brought the lowest temperatures in the UK for some places for 25 years and the top comment was somewhere on the lines of:

"It's winter, why does the BBC need to report this".

Incapable of understanding the consequences of events and the context surrounding them. Muppets.
18
12/02/2021 10:53:00 16 14
bbc
Which of course it will ...cheer up!
88
12/02/2021 11:00:12 3 4
bbc
I’m not sure who’s more deluded, you with your ‘cheer up’ or the poster with the ‘stays afloat’. Brexit was dead on arrival or is my Unicorn I was promised stuck at Dover? No amount of smiling is going to change the fact that Brexit was foisted on the gullible and has turned out to be the disaster it was long predicted to be.
242
12/02/2021 11:13:17 1 4
bbc
No delusion here , I was being facetious ....

Brexit, the gift that keeps taking.
89
OwO
12/02/2021 11:00:14 225 10
bbc
Considering how little's been open the past year, and all the staff on furlough, I'm astonished the drop is so low!
850
12/02/2021 11:58:21 92 7
bbc
The huge amount of government spending I imagine is why it didn't drop more.
12/02/2021 12:49:10 4 1
bbc
instore has become online, business to business work in the service sector has been done remotely
SJ
12/02/2021 14:37:11 3 0
bbc
Most of gdp is not visible on the high street.
12/02/2021 17:22:12 1 4
bbc
But other economies have done so much better. This country is a basket case.
12/02/2021 17:48:05 1 0
bbc
That's because far too many people are ignoring the restrictions.
12/02/2021 17:50:09 1 0
bbc
people still have to eat and they still buy lots of things online
Thanks China Removed
Thanks racist Removed
128
12/02/2021 11:03:32 6 1
bbc
No one, apart from YOU has mentioned race.
Grow up
170
12/02/2021 11:06:59 1 1
bbc
I agree with you, telling the truth is now considered racism.
174
12/02/2021 11:07:09 4 1
bbc
Why is the poster a racist? That is a very serious charge, based on nothing, that does nothing except to illustrate your own severely challenged intellect.
202
12/02/2021 11:09:17 4 1
bbc
I have heard it all now! Even the mention of another country is considered racist?
Removed
91
12/02/2021 11:00:22 21 17
bbc
I wonder can we send the bill to China?
197
12/02/2021 11:08:43 12 11
bbc
Unless those countries where we have destroyed their way of living and killed in the name of democracy and supposedly freeing them; or the countries that we have colonised and still rip off till today are going to send us their bill. I am guessing not. This virus has definitely caused devastation I have felt it personally. But I also fall into a victim of first scenario mentioned.
207
12/02/2021 11:09:56 1 5
bbc
Apparently our friends the French project that they may have had 66,000 infections in November 2019. The Italians did a similar study with suggestions that they had the same sort of pattern. It does make you wonder. As for the Chinese Govt, they deserve any criticism we level at them as possibly the nastiest regime on the planet, but I think pinning Covid 19 on them will be a hard task.
219
12/02/2021 11:11:00 0 2
bbc
Or if not do not repay the estimated £270 Billion of debt they hold ? Then see what happens after a debt default. no more cheap borrowing.
230
12/02/2021 11:12:02 3 2
bbc
What would be the point? A financial penalty isn't going to affect its Goverment or anybody else who was responsible for Covid coming into existence. China's Goverment will penalise its citizens via increasing Taxes and other methods, meaning it's common people will take the brunt of any global or financial penalty levied against China

Is that what you want as 'revenge' on China?
286
12/02/2021 11:16:30 3 2
bbc
Don't be that guy.
345
12/02/2021 11:21:28 3 0
bbc
And they would send us one double the size for the Opium Wars.
520
12/02/2021 11:28:01 2 2
bbc
China done well. shut borders down and domestically economy is booming
593
12/02/2021 11:33:12 0 1
bbc
can the rest of the world send their bill to Kent?
655
12/02/2021 11:43:21 0 2
bbc
No, because they are not responsible for our incompetence of our handling of the pandemic. Give the bill to those who deny that the virus exists and those who consistently break lockdown restrictions.
24
12/02/2021 10:54:06 17 18
bbc
COVID and Brexit, a double whammy for the economy - one God made, and the other all our own fault!
92
GW
12/02/2021 11:00:22 0 2
bbc
Covid our own fault then!
93
12/02/2021 11:00:30 11 11
bbc
Meanwhile, at the BBC, it's business as usual.......
289
12/02/2021 11:16:40 2 0
bbc
reporting the news much to the clown party's dismay
359
12/02/2021 11:22:31 0 0
bbc
Of course, even now they are scouring the hospitals for an under 50 year old in an ICU - a slim one of possible - though usually they can only find ones that are 4 stone overweight, but any port in a storm is the BBC's attitude in their quest to ram the message down our throats that Covid is an existential threat for all! They've always been mad on equal opportunities you see...
538
12/02/2021 11:34:34 0 0
bbc
...reporting the news...
591
12/02/2021 11:32:47 0 0
bbc
BBC busy flying its reporters out world wide
749
12/02/2021 11:45:34 0 0
bbc
err yes, as it is for 90.1% of the economy. what is your point?
43
12/02/2021 10:56:10 9 9
bbc
Have you seen this dross?

'England's hotel quarantine system could be less stringent than Australia's scheme, a BBC analysis has found.'

Right. So what?
94
12/02/2021 11:00:34 1 2
bbc
Wake up.
40
12/02/2021 10:55:55 164 68
bbc
With our superior vaccination rollout we should hopefully be able to get the nation moving quickly once restrictions are lifted
95
12/02/2021 11:00:43 65 199
bbc
Wales are doing better than England
Idiot. 684000 total jabs is about a day and a half of English vaccinations. Hardly compares does it? Removed
209
12/02/2021 11:04:42 18 5
bbc
only in rugby
231
SP
12/02/2021 11:12:11 21 4
bbc
So what?? Collectively UK is doing better
235
12/02/2021 11:12:34 13 5
bbc
Good for Wales. Now open the pubs and celebrate.
239
12/02/2021 11:13:05 55 9
bbc
Great attitude mate and that sums up what’s wrong with our country. It doesn’t matter how bad things get as long as we are 0.1% better than England. This would be the country that subsidises us through the Barnett formula. Have you phoned Boris to thanking him for sorting out the vaccines.
Someone with drain leakage Removed
299
12/02/2021 11:17:32 32 5
bbc
Spoken like a true inferiority complex...oh dear, how sad, never mind.
405
12/02/2021 11:25:15 8 5
bbc
I've been to Wales, its doing well, for 3rd World country
600
12/02/2021 11:39:38 1 0
bbc
Not in the correct use of English grammar it seems.
636
12/02/2021 11:41:40 1 1
bbc
IF TRUE (which I doubt), it makes a change, eh?
781
12/02/2021 11:53:03 2 10
bbc
So glad Wales hasn't got the fat chubby posh boy running the show, he takes incompetence to a new level.
841
12/02/2021 11:57:31 7 0
bbc
With money supplied by the The Bank of England
12/02/2021 12:32:44 1 0
bbc
My dad's bigger than your dad na na na na na.
12/02/2021 12:33:26 0 0
bbc
Wales populaton approx 3 million
England population approx 55 million
So they were bound to get done earlier as they less people to start with!
12/02/2021 12:43:19 2 2
bbc
You do realise the supply of vaccine is being balanced to help bring up the abysmal vaccination performances of both Wales & Scotland?
Extra staff & army personnel being drafted in to do the same.

I suggest you thank England for coming to your aid.
12/02/2021 12:44:49 0 0
bbc
Nationalism at the fore here?
12/02/2021 12:48:49 1 1
bbc
Wales population is a fraction of England.
12/02/2021 12:49:26 2 0
bbc
That's because they're including sheep
12/02/2021 12:49:38 2 1
bbc
There's more sheep than people in Wales, hardly a challenge!
12/02/2021 12:56:50 0 0
bbc
There you are then, something positive to say, is that a first for you?
12/02/2021 13:15:39 0 0
bbc
At what?
12/02/2021 13:25:18 0 0
bbc
And what was the point of that remark since we are all part of the UK vaccine rollout? But since you made it - no they're not
12/02/2021 14:02:22 1 1
bbc
3 million in Wales. 56 million in England. Perhaps thats the reason.
96
12/02/2021 11:00:44 4 3
bbc
Well I never!
Wonder what caused that?
Anyone know when the pubs will be open?
81
12/02/2021 10:59:26 4 5
bbc
I suspect it's because a large number of people who make up the workforce of this once fine land, have had enough of being called every negative name under the sun by such sources as the BBC, so have stopped bothering to contribute.

(something like that?)
97
12/02/2021 11:00:46 2 5
bbc
Once fine land? Some patriot you are. Stop talking Britain down, like a doomster and a gloomster! It's still a fine place to be.
It's a human rights abusing proto-fascist state, in which the citizens cannot even express themselves freely without state persecution. So no, it is no longer a 'fine place to be', although I'll accept it's not yet quite as bad as some other places that were also once free lands. Removed
836
12/02/2021 11:57:13 1 0
bbc
And as if to prove my point about Britain no longer being 'a fine place to be'. Auntie censors my perfectly unoffensive, truthful and demonstrable reply.
69
12/02/2021 10:58:37 4 2
bbc
This is very good considering. Expect the same level of growth from APril onwards
98
12/02/2021 11:00:48 3 3
bbc
I would't expect anything from April onwards, we will be lucky to see anything by the end of the year if SAGE have anything to do with it.
316
12/02/2021 11:18:59 0 0
bbc
Good point. I was trying to be optimistic !
908
12/02/2021 11:53:05 0 0
bbc
and obviously April is when the UK starts doing import checks...
99
12/02/2021 11:00:58 8 7
bbc
either 10 percent economy or 10 percent UK population. I think Boris chose wisely.
141
12/02/2021 11:04:57 5 5
bbc
Yes he’s on track to manage both!
191
12/02/2021 11:08:28 1 1
bbc
Awesome job, one of the highest death rates and one of the highest economic declines. Where did the 10% population figure come from ?
590
12/02/2021 11:32:46 0 0
bbc
when the actual wise choice would be neither?
76
12/02/2021 10:59:01 5 7
bbc
The obvious and natural result of austerity and right wing economics, same as 2008, now they can barely make it 10 years without another crash.

The system isn't working and the elite are beginning to fail far faster and far worse than ever. The longer they allowed to carry on the more will die for their greed and recklessness.
100
OwO
12/02/2021 11:01:08 4 3
bbc
Nothing to do with that whole lockdown then, eh?

Try engaging your brain before typing.