4.4 • 650 Ratings
🗓️ 21 February 2024
⏱️ 12 minutes
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0:00.0 | All right, Alexander, let's do an update on the economy in the United Kingdom and Sudak's situation. |
0:08.6 | The conservative parties sinking situation. |
0:12.9 | Things are looking very, very bad for Sudak, for the Tories, and recession, I believe, in the UK. |
0:20.6 | It's official, huh? Yes, it is now official. |
0:23.3 | It is now official that the UK is indeed in recession. So, I mean, it's followed Germany, |
0:28.5 | which has been in recession for some time. These are official figures. I mean, I've actually |
0:33.3 | seen some people, you know, go through the figures and say that, in fact, the UK has |
0:39.9 | actually been in recession for about two years, which is probably true, but you can do all kinds |
0:45.9 | of things with figures nowadays, as we know. But living standards have been falling now for |
0:52.1 | at least two years. And now it's become impossible any longer to conceal the fact that the UK is in effect in recession. |
1:03.4 | And there's no real way forward. |
1:05.5 | And the project that Sunak had cobbled together with his chancellor, Jeremy Hunt, of going ahead with tax cuts on the eve of the election, based on the fact that the British economy supposedly was returning to growth, well, that that had to be called off. And that was |
1:30.4 | their election strategy. And the fact that it's now confirmed that the UK economy is in recession |
1:36.7 | means that they won't be able to do that. And coincidentally, there have been two parliamentary |
1:43.0 | by-elections in two formally safe conservative seats. |
1:48.8 | And the Conservative vote has just imploded. |
1:52.8 | I mean, you know, they've gone from, you know, 40, 50% to, you know, under 30% in both places. Both seats have been won by the Labour Party by convincing |
2:06.3 | margins. But we'll come to the Labour Party in a moment because the Labour Party actually is also |
2:12.5 | in a very fragile position. And the other big mainstream establishment party, the Liberal Democrats, |
2:23.1 | they've also been obliterated once upon the time. These were the sort of seats that they might |
2:28.6 | have hoped to win. But clearly that party is now in what is starting to look like terminal decline. |
2:35.5 | The Conservatives are collapsing. |
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