It looks like the UK is in Problem, Consumer debt is expected to be at an all-time high and there are talks of a long-awaited recession. In my perspective, this is just the beginning of the energy crisis. Hyperinflation is not making this any easier. I believe the "cost of living payment" is not a long-term solution. Until the bank of England is able to stabilise inflation and increase the minimum wage, I don't see how the UK can avoid going into recession.
The UK government continues to invest in colossal tourist attraction projects, which given the current circumstance isn't a wise move for the government, maybe they have a lack of oversight or maybe I'm missing something, in my opinion, the UK government should be focused on capital retention.
I'm expecting there to be an influx of job cuts as companies struggle to stay afloat, by the time we are in a recession, I predict that the UK government will struggle to support small and medium-sized businesses, which could lead to countless bankruptcy and job cuts, followed by a huge number of new universal credit claimants.
Companies have already started to retire older and more experienced staff in favour of less experienced but lower paid staff. Which is a sign that economic growth is reaching a plateau. I believe if companies generally don't see more growth than inflation then it would be safe to say we run the risk of falling into the crisis scenario. Consumerism goes hand in hand with capitalism as companies earn more so do their employees, who then have extra cash at the end of the month to spend more, it's a recurring loop. If that's not enough to make you worried I don't know what will.
The UK government continues to invest in colossal tourist attraction projects, which given the current circumstance isn't a wise move for the government, maybe they have a lack of oversight or maybe I'm missing something, in my opinion, the UK government should be focused on capital retention.
I'm expecting there to be an influx of job cuts as companies struggle to stay afloat, by the time we are in a recession, I predict that the UK government will struggle to support small and medium-sized businesses, which could lead to countless bankruptcy and job cuts, followed by a huge number of new universal credit claimants.
Companies have already started to retire older and more experienced staff in favour of less experienced but lower paid staff. Which is a sign that economic growth is reaching a plateau. I believe if companies generally don't see more growth than inflation then it would be safe to say we run the risk of falling into the crisis scenario. Consumerism goes hand in hand with capitalism as companies earn more so do their employees, who then have extra cash at the end of the month to spend more, it's a recurring loop. If that's not enough to make you worried I don't know what will.