News3 mins ago
Asda Boss: Government Gambling With U K Economy
3 Answers
Sounds like Kwarteng has spaffed the lot on a 3 legged, asthmatic donkey…..over hurdles.
https:/
How long will Mrs Flip-Flip give him until we see the customary U-turn? The spin doctors must already be working on how they’re gonna flesh it out?
https:/
How long will Mrs Flip-Flip give him until we see the customary U-turn? The spin doctors must already be working on how they’re gonna flesh it out?
Answers
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From the link:
//He cast doubt on the UK economy's ability to grow, as he pointed to Asda's closely followed income tracker which shows that the poorest 20% of households are already spending £60 more than they are earning every month.
"That household budget deficit means people are having to rein in spending and move away from premium brands."
Companies are not only facing a vicious squeeze on customer budgets, their own borrowing costs have rocketed in the last year making it very difficult for firms to borrow to invest and grow their own business and - in turn - the economy as a whole.//
No wonder they won’t release those OBR figures?
This almost reminds me of the Rogue Trader(Nick Leeson) book, massive gambling to get out of debt, the only contrast being he knew what he was doing within the business and still got caught.
//He cast doubt on the UK economy's ability to grow, as he pointed to Asda's closely followed income tracker which shows that the poorest 20% of households are already spending £60 more than they are earning every month.
"That household budget deficit means people are having to rein in spending and move away from premium brands."
Companies are not only facing a vicious squeeze on customer budgets, their own borrowing costs have rocketed in the last year making it very difficult for firms to borrow to invest and grow their own business and - in turn - the economy as a whole.//
No wonder they won’t release those OBR figures?
This almost reminds me of the Rogue Trader(Nick Leeson) book, massive gambling to get out of debt, the only contrast being he knew what he was doing within the business and still got caught.
-- answer removed --
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