Michael Halila 🏳️⚧️"Although the UK is in recession, and GDP per head has been steadily falling through last year, this is not a typical recession which involves lack of aggregate demand, but one caused by sharp cuts to real incomes following higher energy and food prices, as well as labour shortages caused in part by an increasingly sick workforce following Conservative mismanagement of the NHS and Covid pandemic."
The UK is in a recession caused by austerity and right-wing incompetence. https://mainlymacro.blogspot.com/2024/03/detoxifying-government-debt-part-4.html
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