About The Gap
The Gap is an ocean cliff on the South Head peninsula in eastern Sydney, New South Wales, Australia. The area, which faces the Tasman Sea, is located in the eastern suburb of Watsons Bay, in the Municipality of Woollahra, near South Head.
How assistance dogs can make a big difference at university
... Realising the lack of reliable assistance dog information during college, at 16 I created an to fill The Gap and help others...
Warning to stay away after high tide and winds hit Hemsby coastline
... Its lifeboat station is set slightly back from The Gap - an area of dunes at a lower point between higher sandy cliffs...
Hemsby road partially collapses on erosion-hit coastline
... Dan Hurd, the Hemsby Lifeboat coxswain, said: " It s not looking promising for Hemsby - north and south of the The Gap s been hit...
Does the Autumn Statement hint at spring election?
... If anyone finds themselves lost for words - a rare affliction around here, it must be said - The Gap is instantly filled by asking " when do you reckon the election will be? " What will follow, in considerable detail, are a range of perfectly lucid, plausible, thought through hypotheses assembled on a massive mountain of guesswork...
Why Trump's rivals in Iowa still think they can win
... In an effort to close The Gap, the candidates have kept up a gruelling campaign schedule, spending millions and making hundreds of stops across Iowa, in venues large and small, from churches and schools to farms and hotels...
Top Gear: Two decades of the show from Jeremy Clarkson to Freddie Flintoff
... Meanwhile, it s unlikely the BBC will try to fill The Gap in the schedule with a different motoring series...
Inside West Bank district under harsh Israeli lockdown since Hamas attack
...By Joel GunterReporting from HebronFawaz Qafisha cracked his front door open a few inches, stuck his head through The Gap and squinted against the sun...
Indian fashion designers face eco-chic dilemma
... " But what we do bring to the table are innovative materials and technologies to bridge The Gap between luxury and sustainability, " he says...
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
