Collapsing Britain - Can anything stop the rot?
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- čas přidán 1. 06. 2024
- A look at how years of under-investment have led to problems such as collapsing school roofs and what can be done to change this.
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There always seems to be a heavy critique of how much investments cost (which of course there should be) but never seems to be an analysis of the costs of not investing.
There is no “Great” in Britain any more.
We was only great in the first place because we stole wealth and resources from other countries for hundreds of years.
*BRITAIN IS NOT A RICH COUNTRY* Britain is a poor country with one incredibly rich city - London - and about 1200 ver very rich people. The rest of the country is incredibly poor and wages are pathetic.
Wages are OK by world standards, however we have obscene costs in terms of housing, which both rented and purchased housing is deliberately restricted in number to keep prices high. We also have the most expensive public transport in the world (London 8x more than Vienna for eg) and so on. And more recently obscene education costs. Then to top it off we have the privatised water and energy companies ripping us off with the government's blessing.
Well put - my car insurance quote has just doubled with the only excuse that people are using cars more post Covid and I guess car parts are still scarce with the Ukraine war affecting supply chains - this essentially wipes out any pay rise/savings from this month that I could have used - now I'm paying more in insurance for the same service without any gain in productivity or value. When the indebted water companies start charging me more for the essential services just to pay for their utility delivery and maintain shareholder dividend levels, I'll have even more of my disposable income siphoned off.
and powered by rich foreigners, without that London wouldn’t even have money. Do British people even produce anything other than services catering to the wealthy? Maybe that’s a place to start
It used to be Great Britain, but now it’s just average run of the mill Britain,
Have you ever been to Bristol or Cambridge? Or any market town in Surrey and Kent?
I live in the UK at the moment, have done so for 18 years. I have however also lived abroad, in both 3rd world country as well as countries more wealthy than the UK in per capita figures
I must say the number one problem in the UK is INEQUALITY. this country is still feudal in nature. The landlords and barons hold all the capital, all the wealth, all the opportunities. good jobs are nearly always only for etonians. "we will only hire you for this investment bank if you done 5 unpaid internships in London working for us while actively losing money and you must have a MSc from a universtiy that costs 50k a year to attend with SF only covering 11.5k". This is essentially the "hidden" open secret methods that the UK is still feudal and the landlords and aristocracy drown the rest of the country while driving up the costs of housing, education, blocking people from lucrative jobs and avoiding tax. Many of my friends with EU passports are already looking to escape this sinking ship to the likes of Germany, Netherlands or Switzerland. America is another popular options for bankers and FS professionals too looking to really make quick money unlike in UK.
There's been no meaningful effort made to stop the rot.
There won't be investment, external, private, or public - the tories have made the country hostile for investment, difficult for small business, high tax etc etc. The don't have a clue what they are doing, and can not see or understand the medium to long term effect of their policies.
If you make things difficult, people will stop doing those things here. Look at the affect of the IR35 changes, essentially forcing skills abroad; it was so obvious that in doing so it would have an immediate affect... but they did it anyway.
They know very well what they're doing, it's just that the average person doesn't understand the policies they implement
@@none2912 I am not sure about that, look and listen to Hunt, to the content and tone of what he says. It does not strike me that he knows what he is doing, or that he fully understands the implications of his policies.
Are you saying they are purposefully making it difficult for (mainly small) businesses? and making it easy for big business? well now I have read that out loud ;)
@@aktolman Yes I believe every policy is aimed at making them richer while destroying the working middle class, it honestly began since the privitization of industry such as water, then we had Blair destroy education and since the tories took office everything has been trickle down economics relying on the financial sectors and inflating every asset there is in this country with no meaningful increase in the standard of living.
At this point we can't even label it into a coherent school of thought, it's simply oligarchal robbery of the country's wealth with no clear progression of where we are heading
They now want to pass an internet censorship and surveillance bill so extreme it surpasses anything either China or Russia have done, under the laughable excuse of needing to protect children from looking at words and photos the state deems to be a mind danger. The Tories are literally a parody of the Taliban, like a child looking up to a big bully trying to imitate him but being so impertinent he trips every step of the way. I will never understand what in the world happened in Britain or Canada, it's like a virus that causes people to lose their minds and go in full delirium hit those places in particular with full force.
A change of government would be a good start. 13 years if enough time for any party, simply not good enough. Its a national embarrassment.
LOL
All parties are all the same so going to make no difference.
I’m tired of red tie man, time for blue tie man. He’ll fix everything.
The UK is a welfare state. Govt provide food and other goodies and welfare checks for poor people in villages and towns. In recent decades, Govt has not constructed new housing in sufficient quantities for poor people. They say that money to be spent on additional spent on housing could have come from defense.
In other countries, after the end of the Cold War that was called the peace dividend. The UK wanted to pretend that they were still a relevant military power and kept their military spending up. Still, the UK military spending is less than half of what they have to pay on interests on the national debt!
It's difficult to keep expensive hobbies when you are broke,,, 🤣🤣😉
It will be the Fabian Society way. Forcibly housed, clothed, worked, and fed, for those who are left.
Just a few ideas to actually get rid of the rot:
-Nationalise water, energy, rail and all subsequent housing stock, with no exceptions.
-Fully re-nationalise the NHS and education, with no exceptions.
-Punitively tax all unearned incomes and both financial and residential rents to the extent that they become entirely unviable as income models... and equally generously reward productive investments and infrastructure and business development.
- Fully disempower NIMBYs.
-Temporarily abolish Council Tax and Business rates and move all Council funding into central taxation with centralised allocations to different Council regions....with then a staggered return to Council Tax and Business rates, only after different parts of the country, approach certain thresholds of development; actual "levelling up" rather than rhetorical talking points.
-Abolish all HMRC sweetheart deals particularly with US intellectual monopolies and other MNCs e.g pharma, lower corporate taxation to ~18% ...but with 100% coverage and no exceptions or loopholes.
-The UK no longer subject to "state-aid" rules should develop fully nationalised industries and institutions in multiple sectors, ranging from energy, pharma, green-tech, defence, tech hardware (eg chips) intellectual monopolies and so on, which are to be entrenched as state-assets.
-Establish a sovereign wealth funds for all natural resources, extracted and exported.
-Ensure all M&A is universally scrutinized irrespective of business size and that the CMA & FCA are fully independent of government, with "teeth" and more akin to a vindictive police force, than a lobbying apparatus for foreign businesses, with competences to regulate monopsonies as well as monopolies.
-Abolish idiotic ideas such as "shareholder value" and the legality of share buybacks. No equity trading should occur outside the confines of exchange and listing regulation and absolutely no "dark pools" tolerated under any circumstance.
-The BoE mandate of controlling inflation should be reformed to also include to equally limiting unemployment and under-employment. All employment is standardised with no deviations from a single standard benchmark. Scams such as zero-hours, umbrella companies, agency & staffing etc. should all be abolished.
-Align all standards across the board to exceed those of the EU and apply to Rejoin with no public consultation of any kind or political stunts of the likes of Referenda.
-Investigate, prosecute and claw-back all proceeds of all historical corruption from 2010 to date.
The policies you have mentioned, such as nationalizing industries, increasing taxes on unearned income, and establishing sovereign wealth funds for natural resources, are all consistent with socialist ideology. One of the main criticisms of socialism is that it can lead to a lack of innovation and economic growth. This is because the government controls the means of production and distribution, which can stifle competition and discourage entrepreneurs from starting new businesses. Another criticism is that socialism can lead to a lack of motivation among individuals, as there may be less incentive to work hard or innovate when everyone is guaranteed equal access to resources. Israel, India, and the United Kingdom have all tried socialism to varying degrees. All three countries adhered to socialist principles, nationalizing their major industries and placing economic decision-making in the hands of the government. However, they ultimately rejected socialism and adopted free-market policies instead. Argentina and Cuba are two countries that have implemented socialist policies to varying degrees but now face economic challenges with very high inflation rates and shortages of basic goods. The only countries where socialism is arguably succesful is where they dilute socialism with capitalism and have an authoritarian regime, ie. China and Russia.
thks for the list of measures that will NEVER EVER happen ... sorry ... good luck UK !
@@Littletime839 the bots have gotten really good at this!
@@user-dq8ey6mi4f No because housing, which is an essential facility, does not equate to unjust enrichment or unwarranted rentseeking, nor was ever an asset class to begin with.
The subsequent sale of such assets however cannot be allowed to benefit its occupants, with a 100% CFT applicable, with a view that such property ultimately best back in the Councils they were pilfered from.
@@haseebur-rehman3218 Some of the reforms may work but doing all your proposed actions would literally surge GDP debt and inflation to an absolutely unsustainable level and the capital outflows would be disastrous, not to mention the impact on the job market and rampant unemployment that would occur
You really are Mr. Cheerful!
Just an idea for a future video; what about something along the lines of the fastest growing job sectors and salaries, and the jobs and salaries in most decline in the UK with projection over the coming years? Couple that with change in real wages in different UK counties, or compared against our European neighbours. I think it would appeal to the audience because a lot of people want to feel validated about their own job, or get ideas of which jobs could be making good money in the future.
This would be a good video
The Western economies have debt levels where repaying the interest on their loans are beyond them in most cases, let alone repaying the principal amounts. The illusion of wealth will soon come crashing to the ground in a painful way.
Not until the Boomers that created the system that did this, and destroyed the environment, are gone.
Excellent video. Thank you !
RS. Canada
The reason for the triple lock is to drag the UK state pension up to the standard in Europe. It's only expensive now because successive governments depressed the state pension.
I am a new immigrant from Australia from this country. I'm here due to my husband getting a job here. I am astounded how backwards and negative this country is. It's like I'm caught in a hellish version of 1985. You don't like foreigners. The way you run the country I don't even know if you like yourselves. Now I understand Meghan Markle (and half the country) wanting to run away.
To Australia, or from Australia?
I'm pretty sure Meghan Markle has nothing to do with Australia.
Edit; and why 1985? Did you mean Orwell's 1984, or is the fashion just that bad?
There's very little capital investment here - either from government or the private sector. There hasn't been nearly enough for decades and you can see it especially coming from somewhere else. It's a place that's into the status quo not modernising and improving (especially if modernising or improving costs money). It accepts tons of migrants but can't integrate them well enough creating a lack of cohesion and a distrust of those who are different @@tsubadaikhan6332
😂😂😂😂😂
I'm struggling to overcome my pessimism regarding the UK economy. All the political mistakes/WEF agenda have been done and the UK, together with Europe and the USA are weighed down by failing banks, failing currency and Net Zero bullshit. Major business failures will occur in the wake of the reduced discretionary spending likely in the wake of high interest rates and the coming mortgage crisis.
Interesting that the whole net zero philosophy is primarily concerned with stopping us using those naughty fossil fuels that our "enemies" have in abundance. Also, nice of those folks in the regime who gradually banned the £13 a bag not-very-smoky coal from Russia (due to bad emissions apparently) but are totally fine about me buying £7 a bag peat. And if I want to burn coal on my stove (I have to as there is no gas where I live), I'm paying £34 a bag for "smokeless" coal from Poland which has loads of ash and polutants. So the alternative is obvious: buy peat which is more polluting!
Unfortunately business bankruptcies are already at a similar level to 2008/9
Our "leaders" are more interested in arguing who can go in which bathroom and where the line is when it comes to teaching our kids degeneracy. Our collapse is inevitable.
when the retired are housed better than workers, its over.
Massive correction in asset prices might save it
UK soon to be 7th largest economy down 2 places from 5th largest economy in just few years , decline continues and accellerates
Is that your projection of a Labour led government, if so that is extremely kind and flattering, world markets will essentially refuse to deal with a Labour government and a complete shambles of a economic budget.
We are actually predicted to grow by 4 per cent over the next decade on current economic principles, but that will all change 2024 as soon as Labour get the keys, I predict a far worse downturn than you propose. The leader is a terrible lawyer, and his deputy prime minister a teenage mother with no qualifications.
Foreign investment is going elsewhere due to ongoing Brexit complications and uncertainty. Hundreds of thousand of manufacturing jobs are going and nobody seems to be bothered.
On the issue of housing shortages, I believe it’s only going to get worse, because over the last, say, 8 years, (at least), there has been a large investment of time, money, materials and labour into temporary student accommodation and retirement properties. I don’t really have a problem with the retirement accommodation, except for the cynical reasons for so much of it, (green in the blue), but, coupled with student accommodation, it locks away lot of capital that can only be used for two demographics. It doesn’t help anyone long-term. The effects of this are going to be the next national crisis.
Just wait, in 10 years those "retirement accommodation" properties will be repurposed for students & squeezing small young families in, as investing in housing for a demographic that will spend the next 20 years shrinking is pretty awesomely cynical stuff
I recall our economic woes of the 70's. Really grim times. The crash is going to be worse, and now we are no longer energy self sufficient, have a much diminished manufacturing base, are much deeper in public and private debt and have imported poverty on an unprecedented level. Happy days are here again
Might have to go back in time myself. I'd be much better off working "cash in hand" to be totally honest!
I remember the power cuts due to the oil crisis. Better buy candles now.
Maggy sold off the council houses must have caused prices to drop?
That’s right. no houses left for the purpose of thier very creation.
Best Economics channel on CZcams. I've been following your articles for many years, fantastic resource. Keep it up!
Same in Australia small businesses shutting down High taxes. Poor governance
One opinion of mine (A working class gardener) is that the relatively low morale currently present in the country needs to be addressed. The average person (like myself) needs to feel they can achieve and this needs to be nurtured. The constant knocking people receive from so many angles. Rent, mortgage costs, tuition fees, high property prices, high land prices, high food prices even on garbage food, you get the idea. The hill seems so steep to climb for so many and this can destroy any aspiration before it even starts. This certainly does not help as it can lead to junk food addiction, excessive drinking, unhealthy lifestyle habits which then puts pressure on the underfunded public sector. Police, NHS, Social Services etc etc and it just goes from there. People need to feel they have control over their future and with hard work they can achieve within reason a good standard of living. Addressing this huge issue alone would be a good start and we could then start to rebuild this country from the people up. I heard a phrase years ago "Nothing is more important than people". Dan.
Collapse is here. No escaping it. Human civilisation was doomed with the advent of the Industrial Revolution. Everything we are are witnessing is symptoms the ongoing collapse of human civilisation and the biosphere. We were warned, but hey, tree huggers, huh?
Raising morale will take a lot more than politicians' talk. The country is in deep trouble. Want to stop the mental rot? First tackle the destructive lies of mainstream media owned by billionnaires who live abroad.
The erosion of the middle class in the UK means the working class have lost their aspiration to better the quality of life through upward mobility. Also, the average working class person is losing their middle class customer base that generates income. Too many working class jobs are short term contracts or gig economy service sector employment that won't lead to savings, mortgage offers, a career path, quickly paid off student loans or inheritances to be passed on to children.
@@MatthewRivers-Davis there will end up being rich people and the rest of us. our society and quality of life is quickly eroding. non of the current parties want to solve this issue and this is our main problem. apathy will be our ending and it's on the horizon.
You got it! This is because of the minimum wage.
Hs2 is a perfect example, partly because of poor plans and also mainly due to it delays it cost the gov more and more money todo and many now say it wast of money. But have people stopped to think what kind of train service we want in 10, 30, 60 years time, how overcrowded with the current line will get, how much more difficult a new line to build will be later on. Plus how old fashion our trains will look. It’s a shame we lost the Victoria level of vision where they would normal over build and think decades on.
It's a vanity project, another sunk cost fallacy
Or Sunak cost, if you prefer
@@dessmith7658 yes but where do you see the uk in 50 years time? really over crowed old outdated infrastructure.
@@amigang I don't know or care, I'm 65 now and I don't like
Modern railways, thanks
@@dessmith7658 And that my freind is part of the problem.
I still believe things can turn around, we just need a stable government with a long term vision and progressive approach. Getting rid of the current government and its generation of incompetent politicians is the first step.
Yeah there's a big problem called Labour stood in the way.
@@seamuspadraigsanders431Labour will only do what the toff & magnate-owned press will allow them to get away with.
Preferential voting & proportional representation should be implemented if they want a shot at breaking this bind - but unfortunately career politicians will apparently prefer to occasionally reign in hell than more frequently be forced to share power in, well not heaven, maybe limbo though.
And replace them with who? Labour? And their plans to borrow borrow borrow l, guaranteeing high taxes for many years to come. Even now Starmer refuses to commit to tax cuts
To rejoin the single market would be a good thing. That is what we joined before the EU. It was the one we voted for in the 1970’s (Not the EU). The referendum should have given options to leave the EU but stay in the single market and or the customs union.
The EU would never have agreed to that! That would have always made it easy for the UK to leave (which weakens the Union) but still reap the benefits of the single market. The goal of the EU has always been to forge a unbreakable union that would stay together even during difficult crisis, and not one were each member state simply looked out for its own individual interests. The UK has always seems a reluctant member. Often questioning whether membership in the EU came a too great a cost to its ability to shape its own destiny. The UK still imagines itself as a global power. Clearly those days are long gone and the country and its economy cannot compete with the global heavyweights on its own. No, countries are not queuing up in eager anticipation of a trade deal with the UK as the Brexiteers hoped.
Even if the UK were able to rejoin the EU as soon as Brussels passes some legislation or policy that the UK doesn't like it will again feel a threat to its sovereignty and remember why it wanted out of the EU in the first place.
@@a00141799 I agree with some of what you say but do believe that Germany and France have come to the realisation that other countries are also uneasy with the EU as it is trying to be and that it may be better to expand the trading block rather than force countries to toe the line. The UK is not the only country to feel uncomfortable about the loss of sovereignty. We did originally join a Common Market.
If capital expenditure on public services as percentage of gdp is so low, how can tax burden be the highest as percentage of gdp it has ever been?
Just Google a picture of Michelle Mone on her yacht and ask that question again.
Because the government doesn't own the public property anymore, they sold it to third parties and foreing governments.
RAAC has also been found at Heathrow, which is somewhat ironic.
Can we do a comparison of UK/England without London please?
Thanks for these videos. I am very interested in economics but know little about it. Your thoughts explain perfectly where we are and why we are here.
The most important thing is
to change is the lobbying at the moment parliament is powerless to pass any legislation due to the power of the international companies lobbying our MPs. The food industry especially. 50% of the food in the supermarkets are using chemicals which are damaging to our health but to get any change is the impossible due to lobbying. Let's limit MPs interest and get back to
good old sensi let arguments.
The UK needs to split up. Scotland has the best chance if it is freed from the shackles of England. The problem seems to be: The UK should be 4 individuel entities but England acts as 'the UK'. That is a fault in the system, rectify that and the UK might have a chance. As it is now, Not A Hope In Hell.
It's called a union. Like the European Union.
I'm English. I think Scotland would be infinitely better as a sovereign nation. It's just a shame that it appears to have lost its best asset.
@@richardbarge8077
No such thing as a sovereign nation in the EU so it would be a faux "Independence"
@@RemoanersareKretinsnot really. Until recently the other constituent countries didn’t have their own parliament, and still, those are subordinate to England’s parliament.
I love your videos! You need to ask people to subscribe in your video somewhere, I’ve watched you like 5 times and just realised I’m not subbed!
GDP..... changing the way it is calculated doesn't make it better....
Heavy public spending will not be the full solution. Less regulations and less bureaucracy with lower taxes.
Too much public spending will skyrocket debt to gdp just like Japan's 280% Debt to GDP ration.
Its unsustainable.
Less regulations. Less bureaucracy.
Less taxes.
Concentration on critical infrastructure spending.
Hundreds of skyscrapers going up, not just in London… supermakets full of luxury food, £300,000 houses going up on every bit of spare land, all roads of Britain full of BMWs and Mercedes. Im not saying there are no problems, but you can’t deny the massive wealth for a lot of average people in Britain
But who really owns the cars and houses?
@@Knight766 normal people with the spare cash for car payments and mortgages. Up until recently mortgages were cheap.
Another problem is that the uk is a services provider. The locals don't want to do the dirty jobs and rely on european and overseas talent. Surely this won't last forever.
Can you do a video highlighting the best and worst things the current government has done for the economy
Not possible government has done nothing good
Told you so.
it looks like from a french (me not smart on the subject) it looks like less tax to lure the rich is good to generate business but at the same time its less investment in the infrastructure and you pay it anyway down the line. It's happening to US ( but they can print their dollar to the max like crazy ) and the UK ( but they can't print their GBP to the max like the USA ).
Even if you say Tax the rich now.... the economy didn't factor in more taxation.. now you have that problem. I think high tax create a more solid system in the end. its slower but maybe more resilient.
so yeah from that perspective it looks like the economy is a philosophy that must work hand in hand with the mood of the public. if the public prefers austerity and merit-based low tax less redistribution type of economy. Well, you can have it if a population is more productive if they have more production and more taxes... There you have it... at the end of the day which type of economy has the best output on that type of population at the moment in time T is the whole question..
anyway... good luck Britain. UK for real
UK is a high tax country, minimum earners pay tax on a miserable limit and its not Nordic welfare
The American's weaponization of banking has terrible consequence for the UK's financial services exports, as it has to oblige the Americans in everything they do.
Countries like Denmark, France, Belgium, Germany, etc.. have an income tax anywhere between 40 to 55% on median wages. In the UK that’s 20 percent. Good luck on selling the idea that every lower income bracket should move to the 40% bracket. That’s the only way to fund the governments budget to invest in infrastructure and more welfare.
Yes the % of Tax is higher, but the services you get in those countries are excellent. Been in France recently. The motorways are beautifully maintained and new, the Hospitals are clean and waiting times are short. House prices and rents are much lower in France. Electricty and energy costs are 50% of the price they are in the UK!! Yes the average French person pays more tax. But the nations services are much better as a result. England is just a big Ponzi sceme now. Everything is just desined to rob you and fleece you and provide a shit service. France is now at least 15-20 years ahead of the UK in terms of economic progress and quality of life for average people.
No stopping the rot , the day the man on the tv said that’s it we are out was the day I said that’s it shit will hit the fan now , and it has
While I usually agree with your reasoning, I wonder where the narrative of "the NHS, a pioneer of free healthcare around the world" stems from. It was founded in 1948 and basically copied the German system that was started in 1883. While it is "insurance based" and the NHS is tax based, both do basically the same and whether you pay taxes or an insurance fee is not the most important thing about it as long as the service you receive is free whenever you need it which it is in both systems.
Most people don't even enough to pay enough tax for the government services they use.
Give Brit enough space and they will tell you they invented everything.
@@EliF-ge5buWell we did invent an awful lot….
@@manmaje3596 yes you did. Look at Israel and Palestine conflict. All created by Britain. It is indeed awful.
We are never going to get anywhere unless we cut substantially the growth in population. So-severe limit on immigration over next three years; reduce corporation tax to18% ; remove recent rise in National Insurance for workers. No more rise in interest rates- reduce as economy picks up. Increase taxation on firms which are at the root of the inflation spiral if their annual profits increase over !0 % help for small businesses. Remove triplelock but ensute pensioners get 1or2 % above inflation, and never to drop below 2.5 %
We have similar problems here in Germany..
Our prime minister is holding the fort?
Dying society like england. Poland, France, Spain and Italy are future.
The Left has destroyed all western Countries
@@RedHeadNINTY9T9Germany will bounce back, after all they’re in the single market unlike the UK.
@@RedHeadNINTY9T9 London has lost it’s sole lead as the worlds top global financial center. As the US said the UK is uninvestable. Many have moved to Paris, Luxembourg, Dublin, Frankfurt to name a few. The EU have given extensions to clear euro swaps out of London. When that happens London will not be the 2nd Financial Centre in the world. The clear out hasn’t happened yet.
This is a pretty accurate picture of the state of the U.K.
What makes me so mad is whenever Sunak is interviewed he always paints a picture of everything is milk and honey as if it couldn't be better .
The country is in a near death spiral and Tory MPs couldn't give a toss .
Top Tory decision-makers and the majority of the Tory Party don't really care - they don't use the NHS or send their children to state schools and the high energy or utility bills are a small proportion of their disposable income and their children's student debt gets paid earlier with trust funds or access to graduate city finance jobs through contacts - and their large houses have grown in value through wealth protecting policies such as stamp duty holidays - if you consider the roads are the only public sector service they do use ... well those smart motorways got a lot of urgent investment didn't they?
Everything is milk and honey to the Sunak's of this world. Sunak does not even connect with the middle classes in the UK and absolutely has no idea of the struggle the working class is going through.
It doesn't particularly matter who you vote in, to be honest. Britain's problem is Russia and now the BRICS countries challenging the established Western financial world order and trading structures, and their control over energy and other resources.
@@Pythoner BRICS is largely a nothing-burger without Saudi Arabia. The vast majority of international trade continues to be in the almighty USD.
Latest polls find 32 % of German Companies want to relocate outside of the EU, French Bank BNP Paribas are advising their clients to buy British Pounds and Stocks and get their money out of the Euro and you want to rejoin ? you are 100% mad if you want to rejoin the collapsing EU !
How can we in the UK be a rich country when we are three trillion pounds in debt. A trillion is a billion billion we are bankrupt.
A trillion is 1000 billion you absolute gonk! 😅
Our yearly budgets are in the trillions.
@@manmaje3596 Oh I got it wrong by one zero. .What’s the difference anyway.? We are only trillions pounds in debit so everything’s right you! Go buy yourself some more shoes and handbags! And keep your petty know edge of maths to yourself.
What can we do now?
Emigrate to america or australia. 😂
It's difficult to be optimistic about the prospects for the UK's economy. I see rather a period of stabilization at a level lower than today and increasing differences in the standard of living between rich and poor, North and South before major improvements are felt. This will last a generation. There needs to be a cross-party social contract that includes higher taxation and a legally enshrined commitment to provide equal standards of living across the entire UK. However, the structure of the current political institutions does not support that, with the Conservatives disproportionately represented in the South and seemingly committed only to their vested interests and ideologies. UK 1.0 is dead, but it stumbles on in a zombie-like state. There needs to be a UK 2.0.
Stopping the Rot in Britain!
Where concrete is tired and Rotting too?
Only UK can solve their own problem.
A simple and often touted solution is to change the government in a general election, however, there is no guarantee that say a Labour government could change the direction of the country, fix all the problems at every level or mitigate for external forces effecting the economy. In fact, part of the problem is that the ordinary British voter feels that they can make little difference to the way things are they are just victims. This lack of power, where it seems the centre of power is billionaires, mega companies and corrupt lying politicians, makes for the rise of extreme politics where parties can offer simple solutions to very complex problems, often by blaming it all on someone else. Fix the "Someone" else and all the problems go away... In the case of the far right Conservatives, the problem is small boat people. The problem is also apparently people wanting a fair wage increase that is not immediately errored by inflation. Another problem is protesters, the whole country would be fine if it were not for whinging protesters blocking streets, walking too slowly and making a noise. External factors play a part of course, Covid and the war in Ukraine but not preparing and handling the problems firmly is the hallmark of government incompetence... If and when we get another pandemic we cannot make the same mistakes again and while the UK has led with support for Ukraine it is clear that it is woeful and that investment in our own defence has been meagre with even more cut backs planned. The cheery on the top of military incompetence is appointing Grant Shapps as Defence Secretary, someone with no military experience. Give him a gun and he would probably shoot himself in the foot or shoot a bystander. The UK voters lack confidence in government and that has to be restored if we are to stand any chance of stopping the rot.
The rich man's gravy train that Thatcher created through her economic policy has been travelling on the same track for decades. The only thing is that everyone gets to change the driver every five years.😂
@@plerpplerp5599 time to change the driver, the guard, the engine, the coaches and the tracks.
I'm 100% sure that swapping the Conservative Labour party for the Labour Conservative party will make a huge difference. Since the creation of parliament in the UK, it was obvious that the aristocracy, landed gentry and elite have absolutely no influence on decisions made by government.....I'll get me coat!
Get these traitors out the King can dissolve government let's make it happen there's to much power crazy people in government.
Help to get rid of sunak and complete brexit!
Ups and Down Comes in all Lifes as Country too England you have to think Seriously what we do for progress come in our Economy Struggle to get Target
The one and ONLY reason that GDP (GripDoplarPomigranit ... yes, that is how meaningful it is...) is because it is borrowed. GoobleDadadadaPiddleipoo is not a metric for those capable of independent thought as far as I can discern.
Stop the rotby getting rid of the rot that's the whole lot in parliament!
The problem isn't the whole lot in parliament, but the system by which they are elected. There is no prepresentation in parliament. Change the system, change the outcome.
BREXIT BAD EU GOOD! That seed to be the gist of most of it. U.K. bad U.K. bad. U.K. in decline. U.K. being overtaken by everyone else. It’s almost like this channel is bitter about something.
The quality of our leaders ,has never been so poor . Practically every government dept is badly led , by amateurs and barely functions . Huge amounts of money is wasted ,due to atrocious decisions , leading to huge debt and not much to show for it . And as a consequence we the taxpayers are forced to pay for mistakes , with schemes ,such as Ulez , which is obvious is just a blatant tax .
All this harping on about "the govt" re-joining the single market.....the EU won't allow it! We have been through all that!
That is of course unless we accept everything that goes with the single market, which is exactly what we voted Brexit to escape. We can't "cherry pick"....right?
None of these mps are like rocky not many have had tough Most are multi millionaires or billionaires Min wage should be 15 pound an hour
Luxemburg. Ecu treaty of Rome. Universal credit?
The UK has been collapsing ever since tI can remember the MSM telling me. And yet, my life is infinantly better than my parents and my grandparent's, so I can live with that kind of decline..😁
It's a shame during all that amazing progress, you never learned to spell "infinitely".
I'm glad that YOUR life is better than your parents lives. I'm pretty sure the majority wouldn't agree.
Limited access to dentistry, limited access to healthcare, crumbling infrastructure, big brother surveillance, erosion of personal freedoms, limited access to higher education, abysmal social housing...I could go on all day!
@@klawlor3659 I'm 73, believe me it's way better than their's.
@@anthonyferris8912 For your generation I wholeheartedly agree! As a 40 something, it's absolutely crap.
@@richardbarge8077 And that's the best you can do.. 😆
A Concrete problem, should have a Concrete solution
I would appreciate if you could show : instead of GDP >> PPP - - always
Its astounding how many brits are unaware of their poverty and therefore are voting against their interests.
People in London who make 30k or 40k think they are middle class, when the live paycheck to paycheck or live in flatshares. When even those making a 100k struggle to make meets end while having 2 children each costing 2k per month for a nursery and of vourse a mortgage.
The salaries are so low in the uk considering the cost of living, that the society is heavily skewed towards the working class. But most people vote like they are upper middle class or rich which would only start after a salary of £150- 200k.
I hope I am wrong, but I cant see anything making a significant improvement to the UK economic crisis in the next three years (and quite possibly the next 5 years).
However, I do think that re-joining the dreaded EU would grow our economy a little bit - but I can't see the Conservative party or the Labour party proposing it.
Well I don't breve usual labour lies
I read our economy was getting better I believe it also trouble in eu countriesxwhich is never acknowledged it's not utopia there
No. We’re not going back grovelling to them . Dictation by unelected is worse for our future
@@tabsntoot UK MEPs held 73 seats in the EU parliament. How is that being dictated to?
In 1975, Thatcher wanted in on the EEC because she thought she could form it to her economical ideas.
Whereas Labour were afraid of EEC putting a spanner in the works for their own political agenda and wanted out.
It is unlikely that Labour will take UK back into the EU.
I'm not taking a cheap shot at the UK, but between brexit, the decaying housing, that is causing repertory illnesses, the state of the NHS, and railway debacle. The UK is heading towards spiraling out of control and becoming a third-world country. Scotland will leave before this happens, and God knows what will happen in Northern Ireland. It's heartbreaking. That said, the rest of the world is right behind you. This paradigm is over in a few more years.
Note that Switzerland is a de facto "third-world country" - I believe you mean a poor country perhaps, the likes of Guatemala or Honduras
@@riccardo-964 Perhaps it's time to join 1995 my friend, because you seem horribly outdated.
In modern English third world means developing, and first world (rarely used) means developed. Second world no longer exists.
Unless you're trying to pontificate, but then that makes you look [insert expletives here]
@@asoton957 Friend, have you ever been to Brazil? It's a "third world" country, yet, parts are clearly 1st world and parts 3rd world. This "definition" is useless in every context.
@@riccardo-964 Okay? First/Third world is about the average
There's super poor parts of America and super rich parts of Zimbabwe too
But the average person in America lives well, the average person in Brazil doesn't, and the average person in Zimbabwe lives like shit.
@@riccardo-964By what criteria is Switzerland a third-world country?
when pensioners have bigger homes than the workers, its over.
Informative presentation as always. Moving forward it doesn’t look good.
How does one stop the rot without surgically removing dead meat? In any case, the "Surgeon" is out!
I think we need to get to the bottom before we climb back up.
Get red of corruption in the House of Commons remove them all restart with a new lot of members of parliament
No.
Ditch Sunak and Grabaman.
10 more years and I will come back to Poland with familly
Worse case, you can petition the US to become a territory.
The biggest takeaway for me is that the UK doesn’t really produce much of real value haha, other than be a tax haven / place to park your money in London. I’m no expert but that seems like the real problem 😅
Tories
@@StephenManchester that’s already baked in the UK GDP. Imagine without the dirty, the UK will have a smaller GDP.
This easy to sort out.
Tax brexit enablers and voters
Put them at back of all civic queues
Declare brexit and act of war by Russia.
The UK's return to the horizon is far from certain and will only happen if the UK pays the full price. The Netherlands, Belgium, Sweden and France have already said no to the discount that the UK might receive and no to the rebaits.
We gave away our right to rebates..
Sure can - double the migrant intake - that's what they did in Australia - problem sorted.
Britian is culturally dead at this point any so might as well. I moved last year at seemingly the best time, i havent had to experience all this shit im seeing in the news.
Forget GDP.!!!!!
Buildings of cheap concrete that where built under Labour governments.
It’s all a race to the bottom while the billionaires buy bigger and better yachts and that’s what it’s all about! All the social cuts have just bought a handful of yachts while the country turns to shite.
it is more to come
I get the sense that stocks will be on the up for guillotines soon. Likely to see a steep rise, and then fall off immediately.
We are run by the world economic forum not whoever is in number 10
Polish wages will exceed British within 5 years, not 15. why in two deferente videos you say two deferente things?
For the bargain low price of 100 million, I'll tell you how everything should work, but you need to fix that shit yourself.
Get rid of the government!!!
Build more social housing and run private housing down . Remove landlords and go back to state controlled housing. Remove profit from the housing equation.
So y are saying people can't buy their own house appalling
Debt......, Debt predicated upon Debt can only end in bankruptcy no matter how you shuffle the chairs on this financial Titanic. Unfortunately the vast majority are in a self emposed ride on the hamster wheel of debt. Answer, strive to become your own central bank by paying off debt, then hold appreciating assets and maybe pms....or pull the blanket over your head in denial.
No
What a load of bully beef😂
Give Britain a solar panel and electric blankets they will be fine.
Most are happy with a hot-water bottle.
@@expatexpat6531 yep my son in-law is British I have to have a come to Jesus meeting on him when he needs one and a good ole American tail spanking on him cause I can.
Jail the corrupt tories & get back the £ trilions from offshore banks , ask for help from 2 groups of expert Russian hackers ! Britain is in excrement Avenue & I can see street warfare just as in Ireland , snipers for hire !
Not enough incentive ?
Guy fawkes
Dump them vote Reform it up to you