UK in Deep Trouble - Joe Blogs

[TexasTowelie]

In this video I talk about the latest GDP and Retail Sales figures for the UK. Retail Sales figures for the key month of December reveal that revenue at the tills fell which is a major blow to the UK Economy. In addition to this the latest GDP figures reveal that growth was half of the expected level. The Pound is continuing to fall in value whilst the price of UK Government debt is rising, all of which is seriously bad news for the UK Economy.

Chapters:
0:00 Intro
0:45 RETAIL SALES
2:48 GDP
4:17 POUND
5:51 BONDS
6:59 STOCK MARKET
8:34 SUMMARY & CONCLUSION

[speak easy]

1. FTSE 100 share index hits record high; relief ... as UK borrowing costs fall

Stocks are on a three-day rally, which started on Wednesday when UK inflation dropped unexpectedly, potentially paving the way for several interest rate cuts this year.

Today’s disappointing retail sales figures, folowing Thursday’s weaker-than-expected growth data for December, have added to hopes that the Bank of England will ease monetary policy this year.

https://www.theguardian.com/business/live/2025/jan/17/retail-sales-britain-december-china-hits-5-growth-target-imf-uk-economy-business-live-news

A disaster? It is high interest rates that are putting the UK budget under pressure, fueling speculation that the government might have to raise taxes again. And

In a fillip to the Labour government, the Washington-based organisation said it expected the UK economy to grow by 1.6% in 2025, up from an earlier forecast of 1.5%.