UK Problems Escalate - Joe Blogs

[TexasTowelie]

The Office for National Statistics has released a major new batch of UK economic data — and when you step back and look at it all together, the message is becoming harder to ignore.

The UK economy is under pressure.

Growth has slowed to a crawl, industrial production is shrinking, and once population is taken into account, living standards have stalled. Households are feeling the strain again as real disposable incomes fall, savings are being run down, and spending is being supported more by necessity than confidence.

Inflation is easing — but services inflation remains stubbornly high, keeping the Bank of England cautious on interest rates. At the same time, the labor market is cooling, vacancies are falling, unemployment has edged higher, and real wage growth is now modest.

Retail sales remain volatile, business investment is hesitant, trade is not providing a meaningful boost, and public finances leave little room for policy mistakes.

In this video, I break down the latest ONS data point by point, explain what it really means for growth, jobs, inflation, and living standards, and why the risk of the UK slipping into recession in 2025 is starting to rise.

Chapters:
0:00 Intro
0:48 GDP
3:39 DISPOSABLE IMCOME
4:21 SAVINGS
6:29 INCOME
8:58 EXPENDITURE
10:40 INVESTMENT
11:14 DEBT
12:31 SUMMARY & CONCLUSION