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Covid-19 pushed UK economy to deepest slump since 1709 Great Frost, report says

Covid-19 pushed UK economy to deepest slump since 1709 Great Frost, report says

The United Kingdom’s Office for National Statistics said Britain’s GDP contracted by a record 9.9% in 2020 as the Covid-19 pandemic ravaged the industries. Some media outlets have reported that it was the fastest slump in 100 years while some said the drop was comparable to what the UK saw during the 1709 Great Frost. Experts say things will look good from spring because of the vaccination drive.

Tom A
Tom A
Andromeda 2 months

Historically the Great Frost wasn't the reason for the slump then anymore than Covid is now. It was a government fighting pointless wars and spending more money they had while there was a black and white divide between the rich and impoverished and couldn't collect enough revenue to keep the coffers afloat when the rich people's business started to take the hit because of a bit of snow. The poor people were having a fun time making snowballs and ice skating on the Thames. Fast forward to now the government is fighting a medical war against something it refuses to admit won't go away any time soon. Killing the poorer people's businesses creating the same black and white divide between the poor and the rich. They can't collect taxes from either the poor, unemployed or bankrupt. Online stores were never given the same tax hammer the high street endures. And now their actions have caught up with them. There's no income to cover the system or mitigate the national debt. Much like the people dying. The economy isn't dying OF Covid it is dying WITH Covid.

Silence Dogood
Silence Dogood 2 months

No s***. It doesn't take a genius to figure out that hiding under your bed for a year is tough on the old paycheck.

PappaOwl 2 months

I don't think it was just covid that caused this

الأكبر فادي
الأكبر فادي 2 months

That is UKs fault not necessarily COVID-19

TheMadDane 2 months

Yeah that happens when you shut a country down.

Julian 2 months

Covid didn’t do this, LOCKDOWNS did this

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