Déficit
| Use attributes for filter ! | |
| Initial release | Mexico |
|---|---|
| Directors | Gael García Bernal |
| Initial DVD release | United Kingdom |
| Screenplay | Gael García Bernal |
| Diego Luna | |
| Kyzza Terrazas | |
| Producers | Gael García Bernal |
| Diego Luna | |
| Pablo Cruz | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2318559 |
About Déficit
Cristobal, one of Mexico's middle class elite, arranges a party at his absent parents' country home. Among those present are his younger sister Eloisa, her gang of friends and Dolores, for whom Cristobal makes a play. However, behind the scenes, all is not well as the family's servants rebel against the orders from the partygoers and it becomes apparent the parents have fled abroad faced with corruption charges. …
Black hole in Town Hall budgets rises to £5bn
... The average council now faces a £33m predicted Deficit by 2025-26 - a rise of 60% from £20m two years ago...
France protests: Macron takes off 'luxury' watch during TV interview
... He has argued the changes to the retirement age are a " necessity" to keep the pension budget from running into Deficit...
Autumn Statement: Who do spending cuts hit the most?
... At the time, Mr Osborne said the consequence of not trying to reduce the UK s Deficit would be " severe" - he warned of " higher interest rates, more business failures, sharper rises in unemployment"...
What is austerity and where could 'eye-watering' cuts fall now?
... It was aimed at reducing the country s massive Deficit - where it was spending much more money than it was raising in taxes - after it bailed out banks during the 2008 financial crisis...
Spring Statement: Borrowing figures give Rishi Sunak 'wiggle room'
... But Hoa Duong, an economist at consultancy firm PwC, suggested the growing pressures caused by the conflict in Ukraine and easing household living costs could exacerbate the Deficit - the amount by which the government s income falls short of what it spends...
UK finances improve in January as tax revenues grow
... 5bn Deficit in January 2021...
What a recession is?
... And there was a massive Deficit - the gap between what taxes does the government, what is there on the public services...
French reforms: Why is France the resistance against Macron, press ' s on pensions
... 5 billion; $15bn) pension Deficit...
What a recession is?
The UK economy may already be in a recession, The Bank of England has warned.
So What exactly does that mean?
What is a recession?In normal times, a country's economy grows.
Its citizens, on average, become slightly richer as the value of The Goods and services it produces - its - increases.
But sometimes their value falls, and a recession is usually defined as when this happens for two three-month periods - or Quarters - in a row.
When this happens it's A Sign the economy is doing badly.
The Last time the UK went into recession was at The Height of the coronavirus pandemic.
Why does a recession matter?For Most People , Economic Growth is good.
It usually means there are more jobs, and companies are more profitable and can pay employees and shareholders more.
A growing economy also gives the Government more money in taxes. So it can cut taxes, or spend more On Benefits , public services and Government workers' wages.
When the economy shrinks, all these things go into reverse.
Are we in another recession?The Bank of England thinks so.
It expects the UK economy to have shrunk 0. 1% between July and September (the third quarter). This comes after it (The Second quarter).
It blames that on very sharp increases in prices, especially for energy, with people's incomes falling after adjusting for rising prices.
Inflation (the amount prices are rising) will rise to just under 11% in October, The Bank predicts, up from its already high level above 9%.
What is happening around The World ?Other economies are also struggling, with The International Monetary Fund's latest World Economic Outlook carrying the title.
It highlights downturns in China and Russia, alongside higher-than-expected inflation, especially in the United States and Europe.
This is partly blamed on Russia's war in Ukraine, which has increased energy prices and food prices.
There are also continuing effects from Covid19.
How could a recession affect me?Some People may lose their jobs, or find it harder to get promotions, or pay rises big enough to allow them to cope with increases in prices.
Graduates and school leavers could find a first job harder to get.
However, The Pain of a recession is typically not felt equally across society, and inequality can increase.
Benefit recipients and those with fixed incomes are particularly likely to struggle.
What can be done?When the economy is struggling to grow at the same time as there is high inflation there is a situation called stagflation, which is very difficult to solve.
Usually, The Bank of England - which is independent of Government - would cut interest rates if the country was going into a recession. However, it has again because prices are rising so fast.
Similarly, there is a debate going on as to whether Prime Minister Liz Truss should cut taxes to stimulate the economy and combat inflation.
How long have recent recessions been?The recession in 2020 only lasted for six months, although the 19. 4% contraction in the UK economy between April and June was the largest on record.
The One before that started in 2008 due to the financial crisis and went on for five Quarters .
Source of news: bbc.com
