Bank of England expects UK to fall into longest ever recession

Re:Bank of England expects UK to fall into longest ever rece... by iammjm on Thursday November 03, 2022 @03:21PM (#33456025)

But hey, THEY GOT BREXIT DONE! Poor dumb mfs... But to keep things in perspective, they fear 6,4% unemployment by 2025. Spain is currently at around 13%.

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Re:Bank of England expects UK to fall into longest ever rece... by hatsubishi on Thursday November 03, 2022 @03:35PM (#33456246)

Spain has little real unemployment, those numbers are the people working without paying taxes or collecting unemployment. Look up employment rate instead, it’s on par with other OECD nations, I.e. Belgium, Italy, some US states, etc

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Re:Bank of England expects UK to fall into longest ever rece... by ricardo81 on Thursday November 03, 2022 @03:33PM (#33456211)

To be fair, the 'done' part was the actual leaving- notwithstanding the issues that continue like the NI border.

I voted to remain and would vote to rejoin. But I think in fairness the getting it "done" part was to leave the EU. NI border is pretty much unsolvable outside a common market anyway.

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Re:Bank of England expects UK to fall into longest ever rece... by sz4kerto on Thursday November 03, 2022 @03:23PM (#33456062)

Spanish unemployment numbers are less reliable due to the larger grey/black economy.

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Re:Bank of England expects UK to fall into longest ever rece... by ravirajx7 on Thursday November 03, 2022 @03:22PM (#33456040)

which country have the most employment btw?

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Re:Bank of England expects UK to fall into longest ever rece... by iammjm on Thursday November 03, 2022 @03:24PM (#33456081)

Globally I think its South Africa (~30%); in the EU it is Greece (~15%).

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