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Sky News

Sky News

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Why is the UK economy so volatile?

Video Overview & Insights

Sky News' data and economics editor Ed Conway takes a look at why the UK economy is proving to be so volatile after the latest GDP figures showed it failed to grow in July.

The length of time the uk economy has been volatile I swear this land passing gas by now😂😂😂

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2:12 the economy is 2.8% bigger compared to 2022 but the population rose more than 2.8% so gdp per person is falling or stangnant

— @JasonGillian-n2b

More User Perspectives

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Ignore the lying pos media

@alanfinch8763
@

Sky Spews is not a friend of the people

@alanfinch8763
@

A 65+bn welfare expendeture per year fuels the 80% services sector

@thewholeshebangandsome75
@

The issue with the uk and its gdp data is that a lot of it compared to other countries comes from London and the financial services which means that the wealth created in the uk goes a lot more towards a smaller part of the population than other countries in Europe
Without the city , the uk gdp would look a lot different.

@gwenaellepage
@

Labour are doing this on purpose,wake up,wankier is on a mission to turn UK into a third world country

@accadoza
@

one word, BREXIT !
UK used to be one of the strongest economies worldwide, today, it's worrying and unsafe, it makes people feeling unsecured.

@Laonikos-Tsagkos-II
@

We want an election

@navaraboy3000
@

fastest growing economy in G7 its mockery🤣🤣🤣

@rajeshx1983
@

AGENDA 2030! THE REST IS JUST PROPAGANDA BOLLOCKS.

@wyndhamhewlett8223
@

Labour are targeting businesses. This was always going to happen. They e bothered a record amount of money and put us in a record amount of debt right after the tories. Vote reform

@michaelkelly9545
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Nothing to do with the ONS brain drain then?

@callumwheatley5865
@

BREXIT 😂😂😂

@ajx9747
@

GDP is a largely misleading measure of economic activity. It does not track national value gained or debt paid off; it simply adds up how much is being spent in any direction no matter how inefficiently or badly. Paying journalists to mislead on irrelevant data, or paying housing costs for 70% of Somali immigrants from our taxes -all increases our GDP. But neither are helpful.

@1972jjb
@

Because they giving away all the money to Zelensky and his grifters, and the United States military industrial complex!

@gregchijoff9959
@

Seems like Brexit is working as expected.
Good luck UK, enjoy your exit.

@paulvarghese2977
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Spain’s energy prices per KWh is about half that of the UK at about 14 euro cents per KWh. “Spain's growing reliance on renewables, such as solar and wind power, has helped to lower wholesale electricity prices”. And to think Farage and the Tories want to kill off the UK’s renewable energy economy. Solar and wind power are VERY cheap compared to fossil fuel equivalent but Farage and the Tories want to keep the UK wedded to old methods of power generation. 🤔 wonder which industries might be bankrolling Reform and the Tories??

@TW19567
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GDP per capita is the true measure for an honest guide.

@susanboucher2116
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The UK would be doing better if it had remained in the EU, that's a fact.

@Sblobby351
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The UK has commited industrial suicide, this is not just globalisation this is is a concious poilicy to export carbon intense businesses in the deluded persuit of something they call Nett Zero!

@oldsoulboy6483
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July = factory summer shutdowns.

@simon7790
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3rd world economy.

@randomguy7175
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Come on, sky. i love your quizzes. But this is getting too easy. Can we have harder questions, please? Anyway, the answer is Labour .

@stevebaylis7973
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Brexit disaster

@nicolassTRAVEL
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Brexit disaster

@nicolassTRAVEL
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Brexit has failed

@nicolassTRAVEL
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It’s volatile because the chancellor is a complete joke

@Optimised247
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Seems seasonal.

@magichead79
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So heatwaves, drought and Trump's unpredictable tariffs subdued the economy. The numbers are better than I would have expected. The fall in chemicals may be due to the closure of SABIC’s Ethylene Plant in Teesside and INEOS Synthetic Ethanol Plant in Grangemouth. Both likely due to rising UK energy costs.

@stevo728822
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Volatile GDP data reminds me how freelancers should avoid relying on ‘one good month’—averaging income over time is key for cash flow and tax planning.

@EternityAccountants
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UK is dead and SkyNews propaganda is masking the UK's demise. People are leaving and more homeless are sprouting, no jobs and no future to look at in UK. UK is dead.

@markosmataasii2000
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Monthly GDP is nonsense, most bodies don't report monthly so a 'simulation' is used... statistical nonsense.

@pytchley721
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Game over 💀☠️

@maxdgr
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As someone in business and talking to other business people and professional firms who deal with many businesses - there is no one who is positive about the UK outlook. More people talk about leaving UK.

@pd1648
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Well, only UK is doing great

@usdragon100
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just look at the 3 month average, says Ed Conman.

@Karlemids
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Imagine a stock going from $100 down to $1 it would be volatile, that’s the UK

@US-SPX-500
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End stage Capitalism

@PlotTwistAllotment
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Because the UK produces kcuf all

@LaDirectiveDuLapinBlanc
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The scale of the graphic is misleading. The reality is the economy is bumbling along the bottom …. inward investment is drying up and the country is becoming less and less productive … Labour policies are only making it worse. “Investing in the Public Sector” does not generate growth!

@seancook2264
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Gdp is a useless indicator

@DieNibelungenliad
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The UK national debt grows at a rate of £5,170 per second, 310200 per minute, 18,612,000 per hour. 446,688,000($605.637.457) per day. UK national debt stands $4.3 trillion which is 115% to GDP. UK external debt to GDP is 306.78% and this is the biggest in the world. France national debt is 4.1 trillion which is 125% GDP. France external debt to GDP is 271.65%.

@TamenBuzon
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Because the government is volatile.

@JasonMorgan-s6g
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Consumer economy is not economy . Must produce goods.

@AliHassan-py9by