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This Could Be The Biggest Recession Since The 1930s


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1 hour ago, Dromedary said:

Give it a few years and we may actually get one.

 

I'm certain that any tax they owed has already been paid.

Maybe you should read this.

According to this Amazon didn't pay any UK tax in 2021 and is set not to pay any UK tax again this year.

 

https://www.retailgazette.co.uk/blog/2022/08/amazon/

 

 

Edited by Anna B
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10 hours ago, makapaka said:

We’re in recession and suffering hyper inflation.

 

Nearly every public service is in peril and have striking or impending striking staff.

 

mass unemployment is forecast.

 

we are reliant on crippling energy prices.

 

we’ve decimated almost all large industry and exporters and our economy is reliant mainly on a London based financial market which is also struggling.

 

give us a couple of positives and maybe I’ll reconsider…..

Its Christmas soon and then the start of another brand new year . Cheer up :thumbsup:

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  • 3 weeks later...

The Times 19 Dec 2022 (p38) :

 

KPMG estimates that the economy entered a recession in the third quarter of this year and will contract by 1.3% in the next year owing to a sharp drop in consumer spending amid rising interest rates. This will be followed by a partial recovery in 2024, in which GDP could rise by 0.2%.
"In terms of duration, the expected six quarters of contraction is the longest continuous fall in GDP that the UK has faced since quarterly data were compiled in the 1950s".
The Labour market will start deteriorating from the first half of next year KPMG predicts, the unemployment rate reaching 5.6% by mid 2024, representing an increase of about 680,000 people.

 

If KPMG have not built into their model the unprecedented exit from the labour force of large numbers of experienced middle aged workers (mentioned in the opener) it will be even worse than their prediction.

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  • 7 months later...
On 30/08/2022 at 12:31, Chekhov said:

GORDON BENNET ! Has anyone been into Wilko recently ?

Loads of shops have empty shelves but they must be one of the worst - upstairs is worse - and it's been like that for a year or so (getting steadily  worse though). I even remember, at the back end of last year, asking one of the staff it they were closing down (because they had so many empty shelves). She said "no, we just can't get the stock".

 

This is frightening.....

Wilko homeware chain on brink of collapse

https://www.bbc.co.uk/news/business-66395824

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18 minutes ago, Chekhov said:

Wilko homeware chain on brink of collapse

https://www.bbc.co.uk/news/business-66395824

Another instance of our government's catastrophic failure to help this country's people and businesses.

Why should massive companies such as Amazon be allowed to pay no taxes, as they sit there taking trade away from companies such as Wilko ?

Chancellor Hunt was on TV News at teatime telling the biggest load of lies I have ever heard.

Everyone know that we need price controls to bring inflation down.  Doing it with interest rate rises is not working and hurting mortgage payers too much.

We have the most useless government since World War 2

 

Edited by Organgrinder
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1 hour ago, Organgrinder said:

 

Why should massive companies such as Amazon be allowed to pay no taxes, as they sit there taking trade away from companies such as Wilko ?

Surely both companies have smart accountants and avoid as much tax as possible?

The empty selves is their problem, not taxes.

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