News for hackers. Stuff that matters.

A comment on UK expected to be only major economy to shrink in 2023 – IMF. Parent comment

Re:UK expected to be only major economy to shrink in 2023 – IMF by ZeroGravitas on Tuesday January 31, 2023 @11:14AM (#34597042)
The UK response to the global financial collapse in 2008 was to blame the Labour party that was in power, and "immigrants", which led directly to austerity and then Brexit, as memorably captured by Frankie Boyle, who compared it to watching Columbo with his Granny with dementia.

"It Was The Fu*king Banks" - YouTube https://www.youtube.com/watch?v=GtWA3jQN1Pg

[ Parent | on HN ]
Re:UK expected to be only major economy to shrink in 2023 – IMF by rayiner on Tuesday January 31, 2023 @11:32AM (#34597330)
New Labour was in power for the decade preceding the financial crisis and two years after. They quite justifiably bore the blame for what happened, just like the Bush administration did in the US.

Brexit and the backlash against globalism is a result of the economic malaise brought about by those policies, not the cause of that malaise.

[ Parent | on HN ]