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Rishi Sunak's First Year As Chancellor
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The great man has just completed his first year in office. Congratulations to him!
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#2
Woohoo! Also great to have someone with Asian and African routes in a high place in Politics!
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#4
I take it the post/replies are in jest/sarcasm?
In just 12 months he has:
- Had the economy into the worst recession in over 200 years;
- Created the worst deficit both in absolute terms ever and as a proportion of GDP the worst since at least WWII;
- Overseen umployment rising by a quarter.
On the plus side he has:
- Created a significant improvement in the trade deficit;
- Overseen the savings ratio improving significantly;
- Driven sterling higher.
On balance the negatives outweigh the minuses.
In just 12 months he has:
- Had the economy into the worst recession in over 200 years;
- Created the worst deficit both in absolute terms ever and as a proportion of GDP the worst since at least WWII;
- Overseen umployment rising by a quarter.
On the plus side he has:
- Created a significant improvement in the trade deficit;
- Overseen the savings ratio improving significantly;
- Driven sterling higher.
On balance the negatives outweigh the minuses.
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#5
(Original post by Quady)
I take it the post/replies are in jest/sarcasm?
In just 12 months he has:
- Had the economy into the worst recession in over 200 years;
- Created the worst deficit both in absolute terms ever and as a proportion of GDP the worst since at least WWII;
- Overseen umployment rising by a quarter.
On the plus side he has:
- Created a significant improvement in the trade deficit;
- Overseen the savings ratio improving significantly;
- Driven sterling higher.
On balance the negatives outweigh the minuses.
I take it the post/replies are in jest/sarcasm?
In just 12 months he has:
- Had the economy into the worst recession in over 200 years;
- Created the worst deficit both in absolute terms ever and as a proportion of GDP the worst since at least WWII;
- Overseen umployment rising by a quarter.
On the plus side he has:
- Created a significant improvement in the trade deficit;
- Overseen the savings ratio improving significantly;
- Driven sterling higher.
On balance the negatives outweigh the minuses.
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#6
That's quite a bill the Conservatives have ran up in the last year but no worry, they can leave it to the next generation to lay it off.
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#7
(Original post by Quady)
In just 12 months he has:
- Had the economy into the worst recession in over 200 years;
- Created the worst deficit both in absolute terms ever and as a proportion of GDP the worst since at least WWII;
- Overseen umployment rising by a quarter.
In just 12 months he has:
- Had the economy into the worst recession in over 200 years;
- Created the worst deficit both in absolute terms ever and as a proportion of GDP the worst since at least WWII;
- Overseen umployment rising by a quarter.
The scientific advisors told the government to implement a national lockdown, the government followed their advice and inevitably the economy has suffered. It wouldn't have mattered who the Chancellor is, be it a Labour or Conservative one, we would have still seen a huge spike in unemployment and a severe recession.
I think Rishi deserves praise for creating the furlough scheme which limited the unemployment spike; he has also maintained a fiscal stimulus to keep the housing market and hospitality going as best he can. It's pointless throwing around criticism for something no Chancellor could have prevented.
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#8
(Original post by JOSH4598)
I don't think you can blame Rishi for the effects of the pandemic.
The scientific advisors told the government to implement a national lockdown, the government followed their advice and inevitably the economy has suffered. It wouldn't have mattered who the Chancellor is, be it a Labour or Conservative one, we would have still seen a huge spike in unemployment and a severe recession.
I think Rishi deserves praise for creating the furlough scheme which limited the unemployment spike; he has also maintained a fiscal stimulus to keep the housing market and hospitality going as best he can. It's pointless throwing around criticism for something no Chancellor could have prevented.
I don't think you can blame Rishi for the effects of the pandemic.
The scientific advisors told the government to implement a national lockdown, the government followed their advice and inevitably the economy has suffered. It wouldn't have mattered who the Chancellor is, be it a Labour or Conservative one, we would have still seen a huge spike in unemployment and a severe recession.
I think Rishi deserves praise for creating the furlough scheme which limited the unemployment spike; he has also maintained a fiscal stimulus to keep the housing market and hospitality going as best he can. It's pointless throwing around criticism for something no Chancellor could have prevented.
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#9
(Original post by JOSH4598)
I don't think you can blame Rishi for the effects of the pandemic.
The scientific advisors told the government to implement a national lockdown, the government followed their advice and inevitably the economy has suffered. It wouldn't have mattered who the Chancellor is, be it a Labour or Conservative one, we would have still seen a huge spike in unemployment and a severe recession.
I think Rishi deserves praise for creating the furlough scheme which limited the unemployment spike; he has also maintained a fiscal stimulus to keep the housing market and hospitality going as best he can. It's pointless throwing around criticism for something no Chancellor could have prevented.
I don't think you can blame Rishi for the effects of the pandemic.
The scientific advisors told the government to implement a national lockdown, the government followed their advice and inevitably the economy has suffered. It wouldn't have mattered who the Chancellor is, be it a Labour or Conservative one, we would have still seen a huge spike in unemployment and a severe recession.
I think Rishi deserves praise for creating the furlough scheme which limited the unemployment spike; he has also maintained a fiscal stimulus to keep the housing market and hospitality going as best he can. It's pointless throwing around criticism for something no Chancellor could have prevented.
GDP in Ireland rose 3% under Paschal Donohoe in 2020. How the hell did Sunak manage a 10% fall.
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#10
(Original post by Quady)
He is a senior member of Cabinet so is accountable. Espdcially with regard the economy which is his remit.
GDP in Ireland rose 3% under Paschal Donohoe in 2020. How the hell did Sunak manage a 10% fall.
He is a senior member of Cabinet so is accountable. Espdcially with regard the economy which is his remit.
GDP in Ireland rose 3% under Paschal Donohoe in 2020. How the hell did Sunak manage a 10% fall.
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#11
(Original post by Buddingdentist08)
Much agreed, no one else has been put in this situation before. Some of his decisions worked great, others did not but whoever was chancellor through the pandemic was they all would have made some good and some bad decisions.
Much agreed, no one else has been put in this situation before. Some of his decisions worked great, others did not but whoever was chancellor through the pandemic was they all would have made some good and some bad decisions.
And countries with which the UK shares a land border didn't perform as well as they claim economically over the last 12 months?
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#12
Though I don't think Ireland has had more deaths per capita than Northern Ireland yet one increased GDP 3% and the other had it fall 12%.
Last edited by Quady; 2 weeks ago
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#13
(Original post by Quady)
In just 12 months he has:
- Had the economy into the worst recession in over 200 years;
In just 12 months he has:
- Had the economy into the worst recession in over 200 years;
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#14
(Original post by Quady)
Spanish flu was fake news then?
And countries with which the UK shares a land border didn't perform as well as they claim economically over the last 12 months?
Spanish flu was fake news then?
And countries with which the UK shares a land border didn't perform as well as they claim economically over the last 12 months?
every country is different. different resources, different population density, different people
(Original post by -Imperator-)
Ah yes, I suppose if Corbyn had been elected, then Covid would never have existed
Ah yes, I suppose if Corbyn had been elected, then Covid would never have existed
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#15
(Original post by Buddingdentist08)
the spanish flu was 100 years ago. don't even try and compare
every country is different. different resources, different population density, different people
haha!
the spanish flu was 100 years ago. don't even try and compare
every country is different. different resources, different population density, different people
haha!
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#16
(Original post by -Imperator-)
Ah yes, I suppose if Corbyn had been elected, then Covid would never have existed
Ah yes, I suppose if Corbyn had been elected, then Covid would never have existed
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#17
(Original post by Quady)
He is a senior member of Cabinet so is accountable.
He is a senior member of Cabinet so is accountable.
(Original post by Quady)
Right.... just it was you that said nobody has been in this this situation before. If by that you meant 'nobody else has been Sunak over the last 12 months' then that is true.
Right.... just it was you that said nobody has been in this this situation before. If by that you meant 'nobody else has been Sunak over the last 12 months' then that is true.
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#18
(Original post by Buddingdentist08)
every country is different. different resources, different population density, different people
every country is different. different resources, different population density, different people
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#19
(Original post by Quady)
Right.... just it was you that said nobody has been in this this situation before. If by that you meant 'nobody else has been Sunak over the last 12 months' then that is true.
Right.... just it was you that said nobody has been in this this situation before. If by that you meant 'nobody else has been Sunak over the last 12 months' then that is true.
Last edited by Buddingdentist08; 2 weeks ago
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#20
(Original post by Quady)
Like how different is Ireland to Northern Ireland on any of that?
Like how different is Ireland to Northern Ireland on any of that?
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