BRITAIN ECONOMIC GROWTH ANOTHER LIE

Tories as always will blame some one or some event for their miss-management. This time it will be Covid 19 for their economic disaster but as this report shows is had began a long time ago, as far back as 2010 when Cameron was elected and introduced soon after Austerity.

Ever since the cuts on Welfare and stop wage increases the economy suffers. People haven't got the money to buy not even the essentials and pay their bills. By now various Chancellors and PMs, started with Cameron and Osborne, screwed down the income and people starving and freezing to death. The streets are littered with rough sleepers. Austerity costs 130,000 lives!!!!

Well before the pandemic broke lose therefore Covid is no excuse for economy crash landed. Admittedly it didn't help  but there again why didn't PM Johnson react in February 2020 to prevent a widespread of the virus. His famous words were "Let the virus run riot" and "heard immunisation". Covid, so far, costs 70,000 lives and a ruined economy and country!!!

UK is one of the top richest country in the world!?!?   

Any one without any knowledge of economy knows that when you cut Welfare and stop wages the economy goes down.  

Britain economic growth is heading for half of the first quarter of 2016, according to  experts.

It looks like 0,2 per cent in the second quarter,  better as predicted but still a slow down from 0.4 per cent from the first quarter, a survey compiler Markit stated.

The service sector index rose from 53.5 in May from 52.3 in April which better than expected.

It helped the composite Index, which improved from 51.9 to 52.8, which includes manufacturing and construction.

Mark it's Chris Williamson who said: "Growth has collapsed in manufacturing and construction, leaving the economy dependent on the service sector to sustain the upturn, though even here the pace of expansion has remained frustratingly weak so far this year,

"An increasing number of firms have cited uncertainty regarding the EU referendum as a factor hurting their business growth in recent months.

"Response to a special question in May showed some 36 per cent of firms reporting a detrimental impact from Brexit uncertainty, with 8 per cent seeing a strongly detrimental effect.

"It seems reasonable to expect this uncertainty to persist and even intensify in June, subduing economic growth further."

No doubt there is some influence from the uncertainty of the outcome of EU referendum but the economy was not strong in the last six years and had two recessions, nearly missed a third one, plus one downgrading of the Pound from the sixth to the seventh place. The last two occurrences were years before the EU referendum was announced.

Norway left the EU in 1993 and is only in the EEA and is  the fifth richest country. 90 per cent of the trade is with Europe.

Chancellor George Osborne's austerity is the real reason, not encouraging manufacturing and construction growth. In March it was announced that unemployment increased by 61,000. March has always been a month when employment drastically increased because of the better weather encouraging building works

Especially in this sector what happened to the promise from David Cameron in GE2015 to build affordable houses to reduce homelessness which would have improved unemployment in this section? 

UK GOVERNMENT GREAT ECONOMICAL DRIVE - Updated 28 Jan., 2018

Another broken promise

UPDATE 28 Jan., 2018 Now we have the highest deficit since the war and debts increased to £214,8trillion despite austerity, cuts to Welfare, NHS, schools.

UPDATE:  20 September, 2015
Report on the Economy for the first three months of 2015 shows a slam from predicted 0.6 per cent to 0.3 per cent GDP.

Ever since the Tory won the election in May 2015 the FTSE shows a minus most of the days. Admittedly there was the Greek crises and then the Chinese financial market experienced a great drop but if it happened during a Labour Government the Tory would blame Labour forever more like they done with the "Credit Crunch".  At least Labour brought back the drop of minus 2.9 GDP to 0.6 within a year and ended in 2010 with 1 per GDP. 

This Government Department was suppose to control and cut down wastage in Whitehall. The result of this great economical drive ended in spending £54million on consultants and agency staff.

This Tory-led government seems to have an epidemic of employing consultants, contractors, sacking staff and then employing agency staff which cost twice as much.

The amount contractors employed and flourish on the expense of taxpayers’ money and delivered shoddy work it unbelievable. By now there is a great list of contracts which simple had not worked where a great deal of money was wasted.

Official figures revealed Cabinet Office spending on consultants increased by a horrific percentage of 363 per cent. The increase in money was from 2013 to 2014 from £5million to nearly £24million.

This is only the beginning to make your mind boggle.  After the department spent £33million on redundancy during four years in office, it now spent in the last year £30million on agency and temporary staff.  Does PM David Cameron have friends running agencies and consultancies too?

The figures were revealed by the BBS2 Newsnight which found out the Government paid at least 30 consultants up to £2,000 a day last year.

Prime Minister David Cameron deserves a medal for not saving taxpayers’ money in his own backyard.

The total Government bill for consultants in 2013 was £317million. Is it the government who runs the country or are they sitting back and let the consultants do their work? Then the £317million is justified but what are we then paying the Government for?

And there is more. The MoD also had been on a great drive of cut back and axed 10,000 soldiers, RAF and Navy. Now we will see the result.  They spent £137million on technical consultants who some earned £3,000 per day. Now that is economics and mathematics of the highest order.

Labour Cabinet Office Minister Michael Douglas MP said: “You really couldn’t make it up. Francis Maude spent money firing people then increased the amount spent on consultants from £5million to nearly £24million.”

Hold it there for a minute was it not always Labour which got it all wrong and brought this country into an economic crisis. Even the artificially created “Credit Crunch” which came from the USA was always blamed on Labour.

Now, what has gone wrong? Aha the Cabinet Office spokeswoman explained it all: “Our work saved taxpayers £14.3billion for last year compared to spending before the last general election.” There you are the old subject is still alive. She added further: “Spend on consultants and contingent labour is down 60 per cent since May 2010.” Now how about that! There is nothing better then re-writing history by the Tories. Would we not like to see a breakdown of the £14.3billion saved in one year? The other argument is that people did not have to go to food banks and 1million children did not live under the bread line before the election in May 2010.

Now going back to above mentioned figures when the consultants' fees rose from £5million to £24million yet the Tory spokeswoman stated that their spending went down by 60 per cent.  Even Einstein could not come up with a statement and figures like that