Russia was accused of impoverishing England. But the British were angry about it.

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Russia was accused of impoverishing England. But the British were angry about it.

Russia was accused of impoverishing England. But the British were angry about it.

Russia was accused of impoverishing England. But the British were angry about it.

The bleak forecasts of British banks, an “outrageous rise in prices” for gas and fuel, high inflation – this is the state of the British economy. Bank of England… | 05/08/2022, InoSMI

2022-08-05 T12: 30

2022-08-05 T12: 30

2022-08-05 T12: 30

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– The Bank of England expects a new recession to continue in 2008 and 2009. – Bank Governor Andrew Bailey blamed the economic crisis on “Russia’s actions”. – Energy prices will push the economy into a recession lasting five quarters from the end of 2022 and all of 2023. – The Bank of England expects the country’s GDP to fall by 2.1% in 2023, while UK inflation will reach 13% on food, fuel and commodities and other services. The very bad news is that mortgage rates are going up, adding £1,000 a year to the average repayment on such a loan. By the end of 2022, the UK will be plunged into a recession lasting at least a year – the longest since the 2008 financial crisis and the depth of the recession in the 1990s. Inflation will peak at over 13%, which will be due to the massive increase in gas and fuel prices. The Bank of England issued such gloomy forecasts, reminiscent of a “doomsday”, in which the crisis in the British economy worsened after the Bank of England immediately raised the discount rate by 0.5% – to 1.75%. This is the highest single increase since 1997. However, experts warn it could reach 3% by the end of the year, adding £1,000 a year or more to average mortgage payments in a ‘new world of pain’ for homeowners. Food, fuel, gas and many other commodities have prices skyrocketing after the pandemic and the start of Russia’s special operation in Ukraine, reaching a record high, but some economists argue that the Bank of England is too slow in its measures to combat the impending recession. Energy prices will push the economy into a recession lasting more than a year, as GDP will contract each quarter, declining by as much as 2.1% in 2023. “After this period, economic growth by historical standards will remain very weak,” the bank said on Thursday, He predicted that economic growth in the UK would be zero or marginally positive until 2025. Bank of England Governor Andrew Bailey blamed “Russian measures” for an economic crisis and an “energy shock” that would impoverish a large number of families and increase unemployment. He said, he said. :”Wholesale gas futures prices at the end of this year… have almost doubled since May. ” They are “seven times higher” than expected a year ago. “This is largely caused by Russia restricting gas supplies to Europe and the risk of more of cuts.” “Domestic inflationary pressures also remain strong. Companies indicate that they expect a significant rise in selling prices, which reflects a sharp increase in their costs.” The labor market remains tight, with unemployment in the three months to May at 3.8% and job openings at historically high levels. “Partially reflects the tightness in the labor market. The contraction in the labor force since the beginning of the epidemic, which is associated with a significant increase in economic inactivity.” Unemployment is expected to rise from 3.8% currently to 6.3% the next three years, and due to poor economic conditions, real household income will decline for two consecutive years , the first time since registrations began in the 1960s It will fall by 1.5% this year and 2.25% next year, due to the lack of any hopes for wage growth, and the discount rate increase will immediately reach 20% of homeowners with mortgages – about two million Family This will add about £90 a month to the average mortgage payments of around £150,000.Meanwhile, Boris Johnson and Finance Minister Nadim Zahavi are on holiday despite warnings of more inflation and the economy entering Its longest recession since the global financial crisis. Liberal Democratic Party spokeswoman Leila Moran said: “During the national crisis, we deserve better than these absentees. Time and time again they are absent during the difficult times the country is going through.” Authors: Martin Robinson, Mark Doyle, Cathy Fegan, Daily Mail Reader Comment P4TTLA Do you really think the world’s governments can print billions of dollars/pounds and give it to everyone for not working, and there won’t be repercussions? Now we’re all going to pay for all this stupidity for years to come…. DM’s not for home. All this was inevitable given the current level of mediocrity and incompetence of the British government. Hundreds of billions of pounds have been spent on nothing, which has only made Conservative ministers rich! Kasaluku This is the current scenario in which the US forces the EU to stop buying Russian gas and instead the EU buys expensive US gas. Then the United States buys cheaper Russian oil and gas, which makes factories in America much more profitable than factories in Europe. Therefore, factories in the European Union are closed and reopened in the United States. And all this time, the mainstream media has been convincing everyone that Russia is somehow to blame for all this. This is a geopolitical chess masterpiece. He’s dead! Get rid of them all! Three curls that conservatives have judged for 12 years, spent millions on their expensive advisors, and what have they done to stop this terrible development? Deport Hancock when the European Union was created. We are told that the quality of life in poor countries will rise to the level of Germany and the United Kingdom. True, they did not say that they would do so by lowering the quality of life in the UK and Germany themselves. The only thing they seem to be good at is throwing in the towel and getting richer while the rest of us get poorer. We need a revolution here wrong Don’t let Liz Truss or Sunak pretend they can fix this. They are also responsible for all the current heap problems! casaloco There is only one solution before they burn our country to the ground. It’s very simple: we need to put America back in its “box”. He closed all US bases in Europe, stripped them of control and participation in the global banking system, expelled NATO from Iraq and Syria, and made peace with Russia. Years of conservative rule, our country is in complete chaos. The British and their well-being is not what this government cares about. Pippa2000 I will soon lose my house…I am a single mother working full time. My budget was always limited, and I had no reserves from the start. My mortgage payments have gone up, energy has gone up, fuel has gone up for business trips, and food prices have gone up! I’m desperately searching for at least 250 extra pounds a month to make ends meet and I can’t find it! I already “cut all expenses to the bone”. There’s a big mistake when a full-time adult can’t afford even a basic chip48 living expense Don’t worry folks. You can live with it, but we still have £14 billion a year to donate as aid to foreign countries, and we have £5 million a day to keep illegal immigrants in hotels. You’re just people paying for it, and the government is “at rock bottom”, doesn’t care. Wake up at last, Mr. Lowe, wait for Liz Truss to come to power. Its economic advisers have already spoken frankly about it. That the discount rate should be raised to 6% Madampommefrites Thanks to our incompetent government Crustapenny No wonder. We are probably the most vulnerable country in Europe. Crazy “green” policy of net zero emissions. Wasting our resources in the North Sea. Paying billions to landowners to install wind turbines. Billions thrown into the crazy HS2 project. A massive $37 billion scam to track the effects of the Corona virus. Add to that the canal violators crisis, which has cost us millions a day in hotel bills to keep. Now the Grim Reaper is knocking on the door of this government. The great money tree has fallen. Now that Peanuts has to pay dearly for all this financial insanity, Steve Kent left the present-day UK for good last December. I’m tired of everything here, I’m sick of it. I am 64 years old, and I am already beginning to be persecuted by how my old beloved homeland is disappearing from the face of the earth. Previously, life in it was more like a series about love. Now it’s over and he dies. All post offices and bars in the village are closed, bakeries are not working, and everything is in poor condition. It is all the fault of our rulers, from the Labor Party and the Conservatives.

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