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Comment by tomohelix | Hacker News Reader

The first of many to officially enter a recession. We all know it is coming, there is no avoiding it. Lots of places are already in a recession but just doesn't officially announce it yet.

Things are going to get tough and I am tired...

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>We all know it is coming, there is no avoiding it.

"We all know a recession will happen in the future." Yes, that is how recessions work. The economy is cyclical, so if you predict a recession long enough, you will eventually be right.

Considering that the energy prices fell down to their usual levels, I'd not be surprised if this recession turns out to be short-lived.

The recession is caused by monetary factors. The energy prices just add a little more pop into it.

Surprisingly it looks like the UK might avoid it

Is that a joke? The UK is in dire straits. The NHS is flailing and the standard of living is dropping like a rock. I am looking forwards to when I can hire devs there remotely however. Better time zone than Eastern Europe.

The state of the NHS, while embarassing, has little bearing on whether we enter a recession. Most of their effort goes into helping people who do not productively contribute to the economy.

I see it as a major symptom of larger structural issues that are going to make the UK poorer for 10 to 20 more years. You haven't even begun to steal in earnest from the wealthy and successful corporations, which will cause capital flight and further erode your standard of living. First you need many more union strikes, then you need to elect the hard left (which is coming), then you need to finally accept the inevitable and cut taxes, regulations, red tape, open up immigration, etc.

But this will take 10 to 20 years.

There is absolutely no appetite to elect the hard left. The left of the Labour party is dead and it is unclear if its leader will even be a member of the party in the next election.

We did get a significant tax cut a few months ago (?), it wasn't a rate change but they removed the cap of how much of your pension is tax free.

Immigration is at record levels, I'm not sure what it would mean to open it up further.

I think the stuff you are hoping for will happen quite soon, especially with loosening of regulations around food (so we can e.g. import US meat)

Appetite does not always have bearing on what the chef will serve.

> then you need to elect the hard left (which is coming)

who have you been getting your political information from? the Morning Star?

What? Isnt the UK now the poorest western European country?

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