What does a recession mean for Greater Manchester?
These headlines and statements this morning are enough in themselves to set alarm bells ringing, but what does a recession actually mean? And how is this set to impact Manchester moving forwards?
The Chancellor has made no bones about it: The UK is in for tough times.
These headlines and statements this morning are enough in themselves to set alarm bells ringing, but what does a recession actually mean? And how is this set to impact Manchester moving forwards?
ADVERTISEMENT
What is a recession and how does it affect people?
The coronavirus pandemic has wreaked havoc on nations worldwide, causing the value of goods and services – widely known as a country’s Gross Domestic Product (GDP) – to plummet.
This has led to economies shrinking.
ADVERTISEMENT
When shrinking occurs over two consecutive quarters (basically six months in a row), it is known as a recession.
The last recession was the 2007-08 global financial crisis, when GDP in Britain fell by over 6%.
However, the latest stats from the Office of National Statistics (ONS) show that GDP in 2020 has fallen by a whopping 20.4%.
ADVERTISEMENT
Many big nations have also suffered, with Germany and US suffering large declines.
But the stats show that the UK is officially one of the worst-hit countries in the continent.
Manchester City Council Leader, Sir Richard Leese, has already said that “recovering from the impacts of the coronavirus period and getting the city back on a positive trajectory is the greatest challenge we have faced in our lifetimes.”
The cold hard facts are that many more people in Manchester will lose their jobs as a result of the UK being in a recession.
Finding a new job can also prove more challenging in this sort of economic climate. Companies are left facing increased costs, which may mean they are reluctant to hire.
ADVERTISEMENT
Property values can also fall drastically.
However, this recession has long been anticipated. The council is putting a recovery plan in place – where ‘steps will be taken to support the city’s business base and help residents into employment while continuing to bring forward development and initiatives to stimulate the economy’.
Mr. Leese added: “We will be working closely with Manchester residents and businesses, as well as health services and other partner organisations including the voluntary and community sector, to keep this great city moving forwards. We want to ensure that nobody gets left behind and everybody can contribute to the recovery.”
The most recent UK recession more than 10 years ago lasted for over 12 months, but a lot will depend on how businesses can get back on their feet.
ADVERTISEMENT
The expectations are that the economy will see significant improvement if a vaccine is found.
Whilst Chancellor Sunak spoke of ‘difficult choices’ having to be made over the coming months, he did offer a ray of optimism for the tricky path ahead.
“We will get through this,” he pledged.
“And I can assure people that nobody will be left without hope or opportunity.”
News
Micah Richards reveals dad ‘unexpectedly’ died shortly before going on air for England v Argentina last night
Emily Sergeant
Micah Richards has revealed that his dad died shortly before he went on air for the World Cup semi final last night.
The former right back – who most-notably played for Manchester City for a decade from 2005-2015, and for the England national team from 2006-2012 – was one of the BBC’s pundits providing on-air analysis last night as England faced Argentina in a highly anticipated semi final of the 2026 FIFA World Cup last night.
The two teams faced off in Atlanta, and while goals came from both sides, it was ultimately Argentina that reigned supreme – securing a 2-1 win over the Three Lions.
But while much of the country is grieving the fact that football won’t be ‘coming home’ (well, for another two years at least), Richards is grieving on a deeper level.
He took to Instagram after the loss last night to share with his 1.4m followers that shortly before he went on air, his father Lincoln passed away ‘unexpectedly’ – calling him the ‘proudest parent possible’ in a touching tribute.
“He has left us all too soon,” Richards began in his tribute.
“Hwas my greatest fan. He barely missed a game my entire life. He would take me wherever I needed to go when I was a kid and he was the proudest parent possible during my professional career. It was so rare for him to not be by my side.
“I know how much watching England World Cup games means to everyone at home, and how the experience bonds families together across the generations, like nothing else.
“I know, particularly as a proud old-school Yorkshireman, dad would’ve wanted the show to go on this evening. And so it did.”
Argentina facing disciplinary action for controversial banner after beating England
Danny Jones
In the aftermath of England crashing out of the 2026 World Cup following their defeat in the semi-final, their opponents Argentina look set to face disciplinary action for a controversial flag held up in the wake of beating their old enemies.
For anyone who quickly turned off the telly after the Three Lions‘ 2-1 defeat and might have missed it, the Argentinian national squad waved a makeshift sign which read: “Las Malvinas son Argentinas.”
In English, this translates to “The Falklands are Argentine.”
Referring to the historic conflict between the two countries, which took place more than four decades ago, the statement has been described as inflammatory by some, with No. 10 Downing Street having issued an official response as the team now reportedly risks punishment by FIFA.
Multiple major outlets now believe that a financial penalty at the very least is expected to be passed down for the divisive political message.
As noted by the BBC above, this is by no means the first time this has happened, and perceived ‘tragedy chanting’ among other problematic behaviour from both fan bases has been a recurring issue whenever the two sides have played since.
To put things into context, the Falklands War, which lasted for 74 days, led to the deaths of 655 Argentine and 255 British servicemen, with three civilians on the islands also losing their lives.
As such, there is still plenty of bad blood between the South American country and Great Britain, with members of the nation’s leading party even weighing in with provocative and rather public posts on social media ahead of the game.
Vice President Victoria Villarruel has been among the most vocal online.
Jogadores argentinos mostram bandeira com a frase “As Malvinas são nossas”.
The reaction from the UK government was direct, too, with business secretary Peter Kyle telling Sky News: “I had left and gone to bed before the banner came onto the pitch, but I saw the images this morning, and of course, it’s entirely inappropriate.
“Politics should stay away from football. That is a very clear principle of the World Cup, but any consequences that come from that are now a decision for FIFA.”
Speaking to the BBC, he went on to add: “We expect FIFA to undertake an investigation into this. I think it was certain to happen because it was such an egregious violation of the rules of not having political activity as part of football.”
It’s also worth noting that Argentina have prior form for this kind of display.
Will Argentina be punished for holding up the Falklands banner?
After winning 2-1 over England, the players took a banner from their supporters, which said in Spanish: "The Falkland Islands are Argentinian."
The predicted outcome looks more than likely, with FIFA having previously fined £20,000 for a similar stunt before a friendly against Slovenia back in 2014.
‘La Albiceleste’ and their fellow compatriots won’t care one bit, of course, as they’re now into another World Cup final and could join Brazil, Italy and France in becoming back-to-back global champions.
Meanwhile, plenty have criticised Thomas Tuchel‘s change in tactics and substitutions as England went more defensive after going a goal up, and the post-mortem from his first run as manager will no doubt continue in the coming days; whether he makes it consecutive tournaments or not, we’ll wait and see.
If you can bring yourself to watch it back, you can watch the highlights along with the extended post-match reaction in full down below.
The Manc -
12th August 2020 
