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Fab Foodie
Legendary Member
From the land of the rising dumb....
Kwasi economics....
- Thread starter Fab Foodie
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From the land of the rising dumb....
OP
OP
Fab Foodie
Legendary Member
Ian H
Legendary Member
The second part of the article is interesting - the reference to a century of bloodshed.
Mugshot
Über Member
Didn't Kwarteng used to work for Odey?
cookiemonster
Veteran
- Location
- Far away from the asylum
Far right Peerage hunters and non-dom tax dodgers appear to be happy.
deptfordmarmoset
Über Member
I'm still trying to get my head around this dialogue printed in the Guardian. We're in recession but it's only a technical recession so it's not a recession - a sort of Schrödinger's Recession.
Here is the exchange between Kwasi Kwarteng, the chancellor, and the BBC’s Chris Mason.
MASON: Do you think the economy is in recession?
KWARTENG: Technically, the Bank of England said that there was a recession, I think it’ll be shallow and I hope that we can rebound and grow
MASON: So you’re acknowledging that there is going to be a recession
KWARTENG: I’m not acknowledging that, no no I said that there is technically a recession. We’ve had two quarters of very little, negative growth and I think these measures are gonna help us drive growth.
MASON: a recession is a recession and you’re saying we’re in recession
KWARTENG: I’m not saying we’re in recession, I’m referring to what the Bank has said. And I think we’re gonna drive growth with these policies
MASON: what’s the difference between a technical recession and a recession
KWARTENG: There’s a big difference. Technically, the economists say two consecutive quarters, but I think we’re going to grow the economy, that’s what we’re doing that’s what we’re focused on.
(Note: recession is defined as 2 consecutive quarters of negative growth. When he adds ''technical'' to it, he's referring to how recession is defined. All recessions are ''technical''.)
Here is the exchange between Kwasi Kwarteng, the chancellor, and the BBC’s Chris Mason.
MASON: Do you think the economy is in recession?
KWARTENG: Technically, the Bank of England said that there was a recession, I think it’ll be shallow and I hope that we can rebound and grow
MASON: So you’re acknowledging that there is going to be a recession
KWARTENG: I’m not acknowledging that, no no I said that there is technically a recession. We’ve had two quarters of very little, negative growth and I think these measures are gonna help us drive growth.
MASON: a recession is a recession and you’re saying we’re in recession
KWARTENG: I’m not saying we’re in recession, I’m referring to what the Bank has said. And I think we’re gonna drive growth with these policies
MASON: what’s the difference between a technical recession and a recession
KWARTENG: There’s a big difference. Technically, the economists say two consecutive quarters, but I think we’re going to grow the economy, that’s what we’re doing that’s what we’re focused on.
(Note: recession is defined as 2 consecutive quarters of negative growth. When he adds ''technical'' to it, he's referring to how recession is defined. All recessions are ''technical''.)
D
Deleted member 49
Guest
Used to....still does by the looks of it.🙄
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deptfordmarmoset
Über Member
King Charles III might be interested in what this royal charity has to say.
View: https://twitter.com/RSPBEngland/status/1573366815568580613
View: https://twitter.com/RSPBEngland/status/1573366815568580613
deptfordmarmoset
Über Member
And, for the 1% at the top: Kwasi-Kerching!
A
albion
Guest
It is a good job recessions only exist as technical recessions. Thinking positive, embracing science (use of technical) is surely a positive sign in this err recession.
OP
OP
Fab Foodie
Legendary Member
Scrapping the 45% higher tax bracket is nothing other than a cynical ploy to secure the Tory middle class vote and set a trip-wire for Labour, nothing to do with economics....
OP
OP
Fab Foodie
Legendary Member
I'd prefer Linton Kwesi Johnson to be Chancellor....
