It's bad news Monday. Energy bills UP, inflation UP, bus fares UP, house prices DOWN!

Monday, Monday: Labour is to blasted for galore of today's problems, Donald Trump for the remainder (Image: Getty)

I was scrolling done the concern stories this greeting and it was conscionable 1 portion of atrocious quality aft another. This is becoming a habit. Friday's quality was dismal arsenic well.

On Friday, we learned that the UK system came to a grinding hald successful the archetypal 3 months of the caller Labour government.

Experts blamed PM Keir Starmer and chancellor Rachel Reeves for talking down the system and terrifying businesses and consumers by hiking taxes successful the Budget.

The taxation hikes duly came connected on Friday Deutsche Bank warned they volition destruct 100,000 jobs.

Which brings maine to Monday.

First up connected today’s doom scroll was quality that our gas and energy bills volition leap again from January, alternatively than falling arsenic expected.

This volition spot adjacent much unit connected households pursuing October’s 10% summation successful the vigor headdress to £1,717 a year. Within weeks, that volition ascent £19 to £1,736, according to consultancy Cornwall Insight.

Adding to the gloom, it warned that "prices volition beryllium staying comparatively precocious for the remainder of winter.”

With an aboriginal acold drawback forecast this week, that's the past quality we needed. Unfortunately, there's plentifulness much wherever that came from.

Consumer terms ostentation (CPI) fell to 1.7% successful September but the Bank of England has warned it volition instrumentality to astir 2.75% successful the remainder of the year.

That's mostly down to Labour's Budget taxation hikes. Mortgage rates volition stay higher arsenic a result.

This morning, online property cause Rightmove revealed that location prices fell much than £5,000 successful November. That's much than expected but hardly surprising.

Insolvency specializer Begbies Traynor has conscionable forecast that much British businesses volition spell bust owed to Labour’s taxation hikes and interest rates.

That's bully quality for Begbies Traynor, which is going to beryllium busy. It's atrocious quality for thousands of businesses that volition present spell to the wall.

Today we besides learned that Labour ministers are drafting up plans to woody with nutrient shortages if farmers spell connected onslaught implicit Reeves' Budget IHT raid.

Food shortages! Just what we need. And wholly unnecessary, too.

It's conscionable different mode that Labour's Budget has backfired.

And here's different Rachel Reeves ain goal.

All the pre-Budget doom and gloom hammered the luxury spot market, arsenic buyers gave up connected the UK. Stamp work revenues plummeted by £140 million.

Her taxation onslaught is costing the Treasury wealth alternatively than raising more. We’re going to spot a batch of this benignant of blowback successful the months to come.

As if the imaginable of 5 much years of Labour wasn’t atrocious enough, we look 4 years of Donald Trump from January.

The president-elect has repeatedly pledged to enforce tariffs connected goods entering the US, acceptable astatine 60% connected Chinese products and 20% for each others, including from the UK.

This morning, the Centre for Economics and Business Research warned this could shrink the UK system by 0.9% by the extremity of the Trump administration, perchance much if we retaliate.

That'll outgo america £20billion. Starmer has his enactment chopped out, arsenic helium battles to support the UK retired of a costly and unnecessary commercialized with the US.

So overmuch atrocious quality successful 1 day. I can't retrieve a Monday similar it, but I fishy we're going to spot a batch much unhappy Mondays similar this one.