George kevin who advocates a new economic agenda to place the economics of a steady which has prevailed since a Great Recession of more than a decade ago. Just kind of looking at the trends the Little International economy at the present moment how concerned are you that were heading into a fury as far as a recession is concerned well alex a connoisseur are meant to be pessimists but if you look at the hard numbers of the moment. To see a perfect storm gathering quickly over the u. K. Economy business manufacturing down in 7 years weve got a weve actually thought the 2nd quarter g. D. P. Is actually stalled its down were well into the 3rd quarter i suspect we may already be in recession in the u. K. Normally your economy if it does have a dip in one particular bit of the economy they get impacted. All the major drivers of the u. K. Economy are in serious trouble which is just Something International is happening construction nor the biggest new engine of the economy. Last orders in sin
Moment its stiff you know to see a perfect storm gathering to clear over the u. K. Economy business manufacturing down in 7 years weve got a weve actually got the the 2nd quarter g. D. P. Is actually stalled its down were well into the 3rd quarter i suspect we may already be in recession in the u. K. Normally your economy if it does have a dip its one particular bit of the economy there gets impacted but actually all the major drivers of the u. K. Economy are in serious trouble which suggests Something International is happening construction more the biggest engine of the economy. Lost orders in since the banking crisis of 2008 Consumer Spending thats the big we depend on Consumer Spending retail sales down over the year and not just fall in high street shops the shift towards internet spending that stalled house prices have stalled and we are in were in were were in trouble. But we used to talk about a jobless recovery when the recovery had started their color but the jobs market wasn
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