Poor UK economy

The Bank of England Governor, Mark Carney has given its starkest warning yet that a UK vote to leave the EU could hit the economy. Mark Carney, warned that the risks of leaving “could possibly include a technical recession”. We already have almost stagnation; In 2015, the UK’s current account deficit was £96.2 billion, how much worse can the balance in trade get?

Official UK CPI Inflation continues to hover just slightly above 0%, which is very close to stagnation, way off the Bank of Englands target of 2%. With a poor 1.6% GDP growth, most of that 1.6% is as a result of the UK population is increasing at the rate of around 1% per year, so in capital terms it means most people are actually going to feel poorer. Unless you are in charge of Beeches Academy Trust. An academy and free school trust praised by the Prime Minister has paid its chief executive a second salary passed through two separate companies, a government report has said. The UK economy only continues to grow, because of high house prices and  immigration, but in reality, that means the people of the UK are suffering.

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