FabSwingers.com forum: UK forecast to see biggest hit to growth from Iran war out of major economies

By *ingdomNightTimePleasures OP Man
6 weeks ago

nearby

UK is facing the biggest hit to growth from the Iran war out of the G20 major economies, according to an influential global policy group.

Economic growth in the UK this year is forecast to be 0.7%, the Organisation of Economic Co-operation and Development (OECD) said, down from its previous forecast of 1.2%. Inflation is also predicted to be higher than expected. (BBC)

G20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom, the United States, the African Union and the European Union.

Bottom of G20, lower than Russia, if it happens, how is this possible?

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By *resesse_MelioremCouple
6 weeks ago

Border of London

You don't say...

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By (user no longer on site)
6 weeks ago

Britain is at the same crossroads it was at in the 1970s. We either embrace radical change or accept not only much more rapid decline but probably high levels on civil sectarian unrest.

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By *ound_n_stretcherMan
6 weeks ago

North West

For *decades* the UK has been a hostage to fortune because of its over-reliance on fossil fuels, and the unwillingness of successive governments - both Labour and Conservative - to take seriously renewables and invest in greener alternatives. Until we have a government that will, British households will be more vulnerable than most to price spikes. As wages stay stagnant (or in real terms, actually decline), more and more of us will be pushed into food and fuel poverty.

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By *ound_n_stretcherMan
6 weeks ago

North West

[Removed by poster at 26/03/26 20:21:13]

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By *ound_n_stretcherMan
6 weeks ago

North West

"Britain is at the same crossroads it was at in the 1970s. We either embrace radical change or accept not only much more rapid decline but probably high levels on civil sectarian unrest."

Nailed it.

Britain isn’t so much sleepwalking into a crisis. It’s running headlong into one - arguably on an even worse scale than we saw in the 1970s.

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By *ingdomNightTimePleasures OP Man
6 weeks ago

nearby

• Austerity and bankrupt councils

• Seven fold increase in national debt since 1997

• Half of social housing sold off at a discount

• Exodus from farming

• Decline in manufacturing

• Reliant on imported food and energy

• More spent on benefits than collected in income tax

• A generation owing quarter trillion in student loans

• Housing costs an average of nine times income

• More businesses closing than opening

• Significant fall in final salary pension membership

• 37% of uk overweight and a nation of declining health.

• More on benefits than ever (including in work)

• British Army reduced in size to its lowest level since the Napoleonic wars

How can this be reversed.

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By *ecadentDeviantsCouple
6 weeks ago

North West

Other than the UK’s vulnerabilities to oil shocks, I don’t see many similarities to the 70s myself? Less militant unions, less nationalised industries, we tax the rich less these days…

The country has been in thrall to neoliberal economics since the radical change we went through back then & so it should have solved all our problems by now surely?

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By (user no longer on site)
6 weeks ago

"• Austerity and bankrupt councils

• Seven fold increase in national debt since 1997

• Half of social housing sold off at a discount

• Exodus from farming

• Decline in manufacturing

• Reliant on imported food and energy

• More spent on benefits than collected in income tax

• A generation owing quarter trillion in student loans

• Housing costs an average of nine times income

• More businesses closing than opening

• Significant fall in final salary pension membership

• 37% of uk overweight and a nation of declining health.

• More on benefits than ever (including in work)

• British Army reduced in size to its lowest level since the Napoleonic wars

How can this be reversed. "

Out of a crisis, an opportunity.

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