Conservatives highest share of the vote: 1979 43.9% 1983 42.4% (landslide) 1987 42.2% (l) 1992 41.9% 2010 36.1% 2015 36.9% 2017 42.3% 2020 43.6% Always fine margins, never represents the electorate proportionally. In recent years policies to move tiny demographics. And the triple lock pension. The nation has paid heavily to keep the Tories in power.
... and hey, none of these percentages reflect anything accurately. No-one knows the distortion introduced by tactical voting, or by indifference due to living in a safe seat (I lived in Hackney North, D. Abbott's seat, one of the "safest" in the country, for 19 years and never bothered voting). ALL this is due to FPTP. Fun factoid: in September 2021 Labour Conference Labour members voted in favour of PR for Westminster. This was then vetoed by some of the thickest people in the country: not the membership of the trade unions, who were never consulted, but their leaders. If Labour hadn't had a landslide last night (e.g. if Reform hadn't disrupted so much), Labour might have been forced to go into coalition with the LDs. Davey isn't QUITE as stupid as Clegg, so would have insisted on PR, and this would have been jumped at by many senior Labourites. As things are, however ...
@@stephfoxwell4620 yes true. 🙄 I have a feeling it only gets worse under Starmer, who was a human rights lawyer in the past defending many terrorists that the UK wanted to deport.
I really don't understand what all the fuss is with immigration. Get them into jobs and paying tax. There are plenty of jobs out there that other people don't want to do. 700,000 people paying say 3,000 per year in tax generates billions.
Personally I think business in the UK has pushed down on workers so hard now they have devalued them to nothing. Now the workers are just reflecting that same behaviour back to the companies.
Cheap Labour. We have had an open doors policy since the Blair Creature was in power and continued by Cameron and his Ilks continuation of said policy.
You can’t have more regulation and more pay. Businesses have to pay 5% in to your pension pot, pay the admin costs, fund paternity and increased maternity pay, pay consultants to ensure they meet the endless requirements of work place safety, pay massive business rates to fund the public services you all demand, pay large insurance premiums to cover them for the many legal hazards there to trip them up, police work place language and behaviour for fear of prosecution for staff on staff abuse. Workers are a liability, I’ve stopped employing anyone on PAYE, now using only self employed contractors, I’ll be winding the company up completely as soon as I finish my present scheme. I’m going to invest outside of the UK now, small employers are totally under valued in the UK. Good luck with your pay rise.
Definitely hope. There are a few simple but very effective policies that labour would implement but will angers a large but still a minority of the population (mostly the Tory base) this can be replacing council tax with a property tax, matching capital gains tax with income tax, carbon taxes on the largest polluters, and a potential wealth tax on billionaires. These policies can plug the gaps in social care, local government and the justice system. They can also rollback NHS privatisation and nationalise utilities.
Excellent ideas. On my growing list now. Note that these are all adjustments to systems. UK (and EC) needs a lot of these, but not (yet) very good at it (read The Innovator's Dilemma for the knowhow). Left-wing governments do better at this (and at growth, globally) in part because they are more team-friendly. Asian growth happened because teams could easily put in new systems.
Lack of supply in housing is caused by the broken planning system. The cost of putting a roof over your head has a significant effect on the cost of living. The new government could radically change this if they actually realised the magnitude of the problem. If supply met demand it would be a factor in reducing the cost of living. Land would be available more cheaply, therefore housing would be cheaper to build. More housing would get built and there would be real market competition driving prices down. Planning reform is the key to it.
@@peterquennellnycThere isn't enough land available to build on at the moment due to the planning system so demand for land outstrips supply creating scarcity and therefore higher prices. Making land easier to get planning on will balance supply and demand so prices will fall as they do in any market where supply is plentiful.
@@uham999 Sounds simple enough but the planning system is so tied up in legal knots it’s really not going to be easy. The latest anti house building measures include the habitat net gain laws. They take a year to collect the base data, costs tens of thousands, then a scheme has to be built that finishes with the same habitat plus 10%. Guess what happens if you can’t achieve that? You can’t get planning or you have to buy off site credits, such as paying a farmer to remove land from food production. 🤔 I don’t see the actual cost of land changing even if supply increases because much of the cost is built in to the system by government, habitat credits, social housing cost, education contribution, open space contribution, CIL payments of anything up to £500 per sq meter built. In many areas the land cost could be zero yet building houses would still make a loss. That’s why many planning consents never get built. Yes I subscribe to the point you make, but the government costs limit the supply cost dynamic of a free market.
You are right and yes, it is easy to make a loss building houses and the risk is significant. I have built many houses. The layers of pointless overhead costs add significant cost and delays to a build and gets worse every year. I'd say 25 percent of the cost is pointless overhead. All of this adds to the price of the finished product. The whole existing planning system needs scrapping and replaced with a redesigned system from the ground up. Turning a field of mono culture crops into housing with trees, ponds, wild spaces adds significant habitat gain and a good thing. Expecting the same gain from a new build in a town centre is not realistic preventing regeneration of dying town centres. The problem the current law is that there is no discretion or common sense applied. One size does not fit all in the real world. I will only do permitted developments from now on because its the only thing that makes sense now.
We have to talk to the E.U.At least get trade sorted out because what is happening now is ridiculous.We are not a desert Island in the North Sea and we need our neighbours like they need us.
About 10 years ago the cost of an acre of agricultural land was about £4, 000 an acre. So a 40 acre plot would cost £160,000. Back then, with planning permission , a farmer near me sold 40 acres for just over £ 7 million. Planning permission is a massive windfall for land owners. Labour should introduce a windfall tax of 60% to 70% on the rise in value due to the issue of planning permissions and use those millions to subsidise building the 1.5 million homes. This would not only be a tax on rich asset holders but avoid Labour running up yet more government debt
I understand your waybif reasoning, but what do you think will be the effect of ducha windfall tax... No farmer willing to sell his land, waiting for better times when that tax might be gone, and thus no land available to build on, driving up the price of available land... You can never win such battles. If someone possesses a commodity in eager demand, the are King.
@@ab-ym3bf The Land can and should be compulsory purchased at a small mark up on it's agricultural value. Landowners are being turned into multi millionaires overnight just for happening to have a few acres in the right spot. This is a distortion that should corrected.
@@jamesthomas4841 "compulsory purchased". I assume you mean "sold", which means you robb someone of a possession he doesn't want to part with. This must be a last resort option, only justifiable if the interest of the country is greater than tha tof the individual. As I understand it, builders and investors are sitting on a lot of land designated for building but are holding out in the hope of higher prices. Better start with those before start confiscating farm land.
@@ab-ym3bf Planning consent often has a time limit within which work must start. Builders often buy land as in investment. There are no business rates on agricultural land so there is no overhead unlike with property. Labour has promised 1.5 million new homes. There will be drastic changes in order to achieve their commitment
@@bomberbolton the reason the Tories called the election now was because they knew it was going to increase in the coming months and this was their best window.
@@buntyjoy1800 yeah but they (labour) aint gonna do shit now that they've won through that system. If you think Labour is going to reform it, you're kidding yourself. They will pull a Trudeau.
Problem is we have a real stupid way of spending money in this country. Everything is so much more expensive even whennit doesn't need to be. Eg even the example between the London bridge plans costing more than fully building a 27km tunnel in Norway (a more expensive country than UK) for 1/3 the cost of the UKs plans for a bridge. You need to get rid of wasting money and start spending it moee sensibly.
Labour has its mandate to govern, but it's far weaker than it looks at first glance. Starmer's own vote in Holborn and St Pancras has pretty much halved since 2019 from 36k to 18k.
@@jonkayl9416 I'm willing to give them the benefit of the doubt, but I won't be getting my hopes too high. Starmer, in my opinion, isn't to be trusted and Labour today is Labour in name only. He's basically long been an establishment shill but, like I said, I am happy to be pleasantly surprised.
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I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of CZcams videos about it but I still find it hard to understand
There is a fairly easy solution, we need to reduce housing and necessity bills, once people have more disposable income, the economy will take care of itself.
Taxes just take money from other areas of the economy so sure we can waste more on the public sector but there will be even less private sector to pay for it.
It's pretty simple outside of a few niche value add areas such as bio-science and aircraft engines and parts (often reliant on foreign precursor chemicals and metals) the UK isn't competitive in the slightest. And it's services breadwinner of financial tinkering is facing stiff competition from Paris, Frankfurt and Geneva post Brexit. Unless you change the very fundamentals nothing will change.
Why would the first part of capital (tories) and the second (labour) engineer the economy in such a way over many decades if it just leads to all these chronic problems for them as well? Or has capitalism become so predatory and parasitic thet all it leaves in its wake is debt ridden government's, companies etc for it to feed off.
Paralysed systems. The UK walked out of the EC because of purported paralysed systems, having done nothing about them but sneer, and now find the real systems rigidity problem is closer to home, made worse because BREXIT did immense destruction to integrated systems. How to fix? All high value, all growth, occurs at the lower end of the systems adoption S curve. Simply foresee a way forward toward this and things will come right. Read The Innovator's Dilemma.
Given the chaos in the US and the lurch to the radical right in France and to a lesser extent, germany the UK is looking pretty good to international investors. That will likely help us.
What about the £30 billions interest being paid yearly to the bankers on their QE reserves? Why is that never mentioned by the Tories or Labour? It is entirely windfall. Other central bankers are not paying out more because of higher interest rates. The whole of the state pension increase was around £8 billion for 24/25. All the "experts" say we cannot afford that.In 25/26 that state pension increase will be around £2 billion. All the "experts" are, of course friends of the City which is doing very,very well,thank you very much out of taxpayers and QE.
@@peterquennellnyc no. The QE related reserves are held in the BoE . The reserves are held for 2 reasons . If 700 billions were let lose into the real economy they would cause massive inflation. In addition to the interest received the commercial banking sector gains stability by holding such vast reserves.
@@erongi233 Gotcha. Are the banks paying interest to customers for those deposits? There's no actual free money? As you describe it bank customers seem to me to be gaining in the billions, maybe 30 billion a year?
@@peterquennellnyc The interest is paid by the BoE to the commercial banks like Barclays,Lloyds etc. It increases bank profits. It doesn't go to bank customers.
@@peterquennellnyc The Labour Party are talking about the possibility of means testing the meanest state pension in Europe. The Labour Party has never mentioned this £30 billion getting paid from the taxpayer straight into increased bank profits every year . Completely either incompetent or corrupt. They don't want to upset the bankers.
I do not agree with you at the slightest that the benefits are the way to lower house cost. Exactly.the opposite in fact - I had this discussion with my landlord myself when he was telling me to apply for benefits, he's gonna put my rent up, and essentially take the taxpayer money for himself So he could have me (non benefit claimant, as im not eligible) in that room paying him 700. Or he could have some benefit claimnant there and get 860 between what tenant and government would be paying. 700
As a former landlord and tenant I agree, this is exactly what occurs, as it is occurring to sale prices with all the housing market support wheezes (Right To Buy etc).
If you can expect companies to grow and profits to increase (on the backs of people on minimum wages) then yes you can continue to increase the minimum wage. Maybe it could be tied to company performance, like the executives are happy to avoid by with their remuneration....
Let's see some costings and feasibility studies before we declare GB Energy an automatic success. Labour said the it will create 650,000 new high-quality jobs, but this energy is also supposed to be very cheap. This doesn't add up. At the very least, a monumental investment in the electrical grid is required.
1.5m over 5 years isn't that much more than the conservatives is it? 5 x 300k , I think we've had 250k new houses this year right? Surely the issue will be how many new immigrants we get in 5 years? 1M, 2M , 3M?
Yup, it's the same. And it's insufficient. 2019 Conservative manifesto - "300,000 homes a year by the mid-2020s" Using house price inflation is the sensible benchmark to base policy on. The target should be zero nominal until the 70 year backlog is cleared and then general inflation. And yes it'll be a slow business.
Hi am a current subscriber and would like to ask a question. Do you think that the US having an inverted yield curve means that it will go into recession and how will that effect the UK?
The UK's tax burden is higher than ever and higher than many countries in Europe that some are quick to labe as "socialist", yet our public services are so much worse and there is so much more poverty. Over 14 years, the Tories have managed to simultaneously massively increase debt, slightly increase the overall tax burden and kneecap public services. The math isn't mathing. Where's the money going? Chumocracy.
It's looking like the best Labour can do is halt the rot, before the Tories or Reform are brought in to finish the job with their slash and burn policies such as further reductions in direct taxation, especially for the rich, resulting in further defunding of public institutions and infrastructure that has already been cut to the bone, while encouraging further vampiric privatisation to suck away what little resources are left from front line services straight into shareholders profits.
TAX....THE...RICH! All the sh*t they own is in the UK so tax that revenue as it leaves the country to whatever tax haven they're pretending to live in. It's pretty simple.
From 2000 until 2009 the number of GPs increased by 10,300 thats an 25% increase. 39,098 ->> 49,347 From 2009 til 2018 it went up by about 130 49.437 - 49,569
Until you introduce mandatory voting you will never get a true reflection of what the eligible voters think - only 66% bothered to vote. If you think mandatory voting wouldn't work, it does 🇦🇺
Deregulation is the only answer that doesn't cost money. Reducing planning restrictions and getting rid of all the ridiculous levies on house building would drastically reduce the cost of a house. Great British energy won't lower bills. Renewables are expensive especially compared to gas (which we have plenty of) and nuclear (which we could build faster if we had the political will) Want more investment and higher productivity? Make it worth investing (fewer restrictions and lower taxes in capital) also restrict the importation of cheap labour. Firms will have to raise wages to hire and invest in technologies to make it economical. Lastly, the benefits bill is insane, the number of stress related reasons for being out of work is ridiculous. By all means top up wages, but unless you are physically incapable you should be finding a job. There are plenty of vacancies. The problem labour face is that the solutions to Britain's problems run counter to all their instincts. In fact the existence of the problems is in large part due to the continuation of the blairite consensus since 2010.
"the existence of the problems is in large part due to the continuation of the blairite consensus since 2010." Hardly. UK growth has averaged !% less since 2010. You make some sound points; this isn't one.
Building enough houses wouldn't lower prices, how does that work? Personally, if I could get my hands on a decent sized plot at a reasonable price I would build a house in a heartbeat. The rules around planning are so draconian most people and smaller building firms aren't even looking at it any more. We've ended up with a handful of massive businesses building nearly all our houses and being the only ones able to get land.
Unless they remove economic growth barriers like #ir35 there is now hope for growth. #ir35 only helped Indian IT consulting companies which outsource UK IT jobs to India. Guess what Rishi Sunak's father in law owns the biggest one.
Society has to change. The end of the two parent family unit is the root cause of most poverty. What are the stats for single parent families since WW2? I guarantee its been climbing and has never been higher!
I think if we've learnt anything from this election, no seat is safe & don't take the public vote for granted. If Labour make positive changes they might get a another term after, but if the don't, they'll be out. It will be good to judge the labour party in 5yrs based on what they've done or haven't done. I'm personally very positive about the future in the UK, but only time will tell.
I've been following this channel for quite some time now. except repeating over and over and over some facts in multiple videos, and talks about many and many deadlocks between problems, whats your solution on the situation?
In a world of financial pressure, high divorce rates, separations and no work security, people still think that having large families is their right to have corresponding social security support. Why should people still think in this way.
Because older generations had and sold this dream, and most still believe it calling their children / grandchildren lazy & work shy for not having the life they had when they were that age?
People don't have large families these days. My dad was one of 8, his mother was one of 13. If we were having large families, we wouldn't be relying so much on immigration to fill jobs.
@@nigelsutton8957 the cost of children is a luxury most can't afford especially as we've gone down the neoliberalism route than socialism (where a council house would've been great). I'm in the top 10% of income after housing costs according to the IFS, yet even I'm having issues finding a house I can afford the mortgage on in a nicer area as I don't fancy raising kids at my parents.
@MarKeMu125 I do appreciate that, me and the wife have a 38 and 25 year old still at home and the other 2 who have flown the nest have huge mortgages. My daughter and her husband don't even qualify for Child allowance for their 2 kids, as her chap earns too much. I lived in a council house until I got married and feel sorry for the current generation who don't have access to affordable rented accommodation.
@@nigelsutton8957 yup, it's a shame. Did you get child care raising them or could you count on the wife helping to raise them full time? A lot of the issue is housing needs 2 incomes a lot of the time.
And what of the single market? We must rejoin and make more out of a relationship with our nearest and biggest trading partner if the economy is to grow.
Having subsided government housing just pushes down pressure on minimum wages , because the gov is subsidising your living cost so you can afford the low wage . If you have all market rents then employers have to pay more otherwise no one will do the job in expensive cities
I disagree, we’ve seen that people will just increasingly put up with living in worsening conditions while remaining in cities rather than move, people aren’t rational actors and for the most part don’t travel too far from the place they were brought up in.
The UK has long been mired in stagnation and sluggish economic growth which seriously strains its citizens' disposable income. Labour may not help transform Britain overnight but is at least better than the pro-austerity crooked Tories. The UK insurmountable issues are systemic and could not be ironed out by tinkering on the edges.
And that is the problem for labour (or any other). It will take a long time for systemic problems to be solved, yet the public expects (partly based on "promises" from politicians) short term miracles. When they do not appear, next election the swing is to the other side again. New hopes, but the problems remain.
This wasn't a vote for Labour. There are vast swathes of England, such as Manchester and Liverpool, that blindly vote Labour out of protest against the perceived establishment in London via the Tory party. At this point I don't even think they think anything will improve, they just resent the conservative party. The Labour party though have no intention of making things better for people economically. Their entire approach now relates to gaming the system to keep themselves in power through immigration and giving votes to younger people. Their strategy is to stay in government. Their policies will now focus on social issues such as LGBT, feminist issues but more to the point they will keep the borders fully open and will subsidise this to the hilt.
Are you a conservative? People like me vote labour because the tories do really well at persuading normal people that they are in ‘the club’ with them, but that exclusive tory club is the 1% If you had a swimming pool in your house growing up, then you might have an excuse to vote tory. Although Starmer has been gifted the election it goes to show just how bad the tories have been over the past 15 years. How labour can be blamed for anything Tory voters dislike such as immigration or gender studies in the past 15 years is sheer deflection..
It's strange... We have a whole litany of problems that we face... Very SERIOUS problems! And yet, I've had arguments with numpties on here, who have an issue with my stance that we should NOT be sending even more billions on futile wars abroad... Because over here, people are REALLY suffering! It's like they don't get it! And that the lives of, say, Ukrainians is more important than the lives of Britains. No wonder Farage's party did well in the elections, with that kind of attitude!!!
@@peterquennellnyc He's NOT my enemy... And I don't give a sh*t what my government... Or other Western governments say! Putin ISN'T a threat to Europe!!! I mean how could he be?! WE have nukes!!!
Well… GDP doesn’t help much - or rather waged work can’t. Housing, property, finance, debt and other assets have bound up more than “work” can carry. And, a government, a council or a person with decreasing capital ownership don’t “invest” - they all pay invoices with no ownership in return. Growth does happen, but not in the producing part of the economy. It happens in nominals, and those gains circle back into the above assets - not in “investment” outside the FIRE sector. This makes the public sector a very inefficient (poor) capitalist in a capitalist society. The last 40 years of legislation has killed off “trickle down”, as that meant regulations and limits to capital movement. Unemployment is not the worst threat, but ordinary people with no imaginable capital ownership questioning the point of “selling their labour” could be. If the single well functioning sector is the privately owned corporate B2B - how can we expect the public sector or individuals to cope?
As Shakespeare (and Paul Krugman) widely advised... first thing, we lock all economists in the back room. Getting incentives & equilibriums right is only a very small part of growth & development. ALL the heavy lifting is basically a process of bringing in new systems with a lot of value at the lower end of their adoption S curve. That is the Asian model - as even the powerdrunk economists in the World Bank admitted in a book in the 1990s (before instantly forgetting that rule of thumb). Keir Starmer needs above all systems-proficient people. Read The Innovator's Dilemma.
Yep, yep, yep!!! Your royals do not appear to be living rough like the general public. Why not cover their luxurious lives at the expense of the subjected people over there?
The defense spending stayed the same from 1998 until 2009. Then it dropped Healthcare spending rose only because of covid. In 2024 it was alread back down.
The Tories' obsession with reducing the size and role of government has backfired spectacularly, leaving them politically irrelevant and facing electoral oblivion. They've essentially engineered their own political demise through their bat shit ideological commitment to a smaller state. Their cuts to public services have created crises in healthcare, education, and social care, turning voters against them. Austerity measures have damaged the economy and increased inequality, destroying their reputation for economic competence. The Tories are facing their worst crisis in modern history. They're not just losing an election; they're losing their relevance as a major political force. Their recovery, if possible, will likely take years.
Need to stop being so generous with benefits. They should never be above what a minimum worker on a 36 hour week earns. Why? Because if a minimum wage earner has to survive off that amount then those who choose not to work need a reality check into what the real average worker survives on.
Country it finished Be ready for low wage average to fall with open boarders More national debt More strain in the economy No businesses to open as the those nhaves will leave .
If the country would spend money on real projects it would help a lot. Waste 30 Billions on HS2 what they did not even finish. This was the only project that get money during austerity and still got scrapped half way. 30 Billion waste on the most expensive Nuclear power plant.
@@paxundpeace9970 hs2 could be great . Improving travel links in the north could open opportunities for infrastructure and business to set up in other cities and no continually.compress everything into London
Brexit swapped an open border EU for very high legal non EU country movement (largely with it's migration and mobility partnerships along with increased non EU trade). If the country ever rejoins the EU, then the open border will likely no longer be set or more limited, as some countries in the EU have parties that are revolting against it
@@lionheart3429 I’m not listening to anyone who can’t even spell ‘borders’ I mean most of the illegal immigration into ‘are boarders’ was during the last 15 years of the Tory era, the hypocrisy is phenomenal.
So called renewables are the most expensive form of electricity generation. British power is a huge mistake, unless it focuses on new oil and gas and new nuclear
Solar and wind are the cheapest sources of energy, nuclear the most expensive. Almost every recent study comes with the same conclusions. If that is not the case in the UK, there is something going terribly wrong.
hope that Labour stop caring for shareholders, foreign investors, bankers, all who ask for lower taxes and take their profits and store it in tax havens abroad . Actually start looking at the long term for the people of the UK think CO-OP's and Nationalisation not privatisation.
Isn't it wrong to say that the energy crisis was something the government couldn't prevent? If the UK used green energy, wouldn't we have had much better energy security?
Why not change the designation of some agricultural lands everywhere? You chose the most barren spots and demand developers that want the cheap land must include a certain % of the houses destined for cheaper social housing for people the council selects. You tell the farmers they can sell their land if they want for a price between agricultural land and building land. Everybody wins. Or do what France does well, open zones of a certain industry with tax breaks and create a cluster of companies that provide work in zones with enough space and people looking for work. Levelling up should be spreading out economic activity from too crowded south to west and north. And these run down coastal towns? In any country in Western Europe coastal towns are expensive to live. It’s a dream for many to live by the sea. Invest in them, such a waste to let them wither away. If they are gentrified and the sea is cleaner, tourists will return.
tax passive income at the same rate as earned income, tax wealth the same as income tax, massively tighten the windfall tax rules and tax the rich till the pips squeak, means test the pension system, triple lock benefits and income support the same as pensions, just a few simple steps to gain loads of money
IT´S A MISSION IMPOSSIBLE FOR PM STARMER ! HUGE EXPECTATIONS FROM HIS VOTERS TO CHANGE : COST OF LIVING CRISIS; HOMELESSNESS; HOUSING PROBLEM; IMMIGRATION; NHS ... VERY HARD TO ACHIEVE WITH NO MONEY; NO RESOURCES; ECONOMY DOWN !! MAKING EVEN MORE DEBT WILL BRING YOU INTO STATE BANKRUPTCY ! WHAT BRITAIN´S SOCIETY NEEDS IS A STRUCTURAL CHANGE; HAS TO START WITH EDUCATION; AND PROFESSIONAL SKILLS ( FOR BUILDING YOU DEPEND ON SKILLED WORKERS FROM ABROAD ...) THIS WILL TAKE AT LEAST A GENERATION; THERE IS NO QUICK SOLUTION FOR YOUR SITUATION... very long , hard way for you ahead! THE ONLY GOOD THING FOR STRAMER IS : WITH HIS BACKGROUND HE DOESN´T REALISE HIS SITUATION RIGHT NOW ...
I haven’t bothered to watch this video, the guy is a left wing economist who supports a large interventionist state. He’s wetting his pants at the thought of an even more lefty socialist government than the one just ejected. Good luck Starmer, but as a small business man I’m already giving up, too much ted tape. I suspect many others will follow soon enough.
It is also easy to paint a picture of unicorns and sunlit uplands. Problem with both is that people believe those painted pictures without giving them a thought of their own.
Labour got 1.5% more of the total vote than they did in 2019.
Our voting system is broken.
Conservatives highest share of the vote:
1979 43.9%
1983 42.4% (landslide)
1987 42.2% (l)
1992 41.9%
2010 36.1%
2015 36.9%
2017 42.3%
2020 43.6%
Always fine margins, never represents the electorate proportionally. In recent years policies to move tiny demographics. And the triple lock pension. The nation has paid heavily to keep the Tories in power.
When the votes are divided between 3 or 4 parties is natural to have lower % giving bigger majoraties. It's simple math!
... and hey, none of these percentages reflect anything accurately. No-one knows the distortion introduced by tactical voting, or by indifference due to living in a safe seat (I lived in Hackney North, D. Abbott's seat, one of the "safest" in the country, for 19 years and never bothered voting).
ALL this is due to FPTP.
Fun factoid: in September 2021 Labour Conference Labour members voted in favour of PR for Westminster. This was then vetoed by some of the thickest people in the country: not the membership of the trade unions, who were never consulted, but their leaders. If Labour hadn't had a landslide last night (e.g. if Reform hadn't disrupted so much), Labour might have been forced to go into coalition with the LDs. Davey isn't QUITE as stupid as Clegg, so would have insisted on PR, and this would have been jumped at by many senior Labourites. As things are, however ...
It's almost as if the United kingdom was created originally by a bunch of English aristocrats
2020? 2019 surly? @@l3eatalphal3eatalpha
We have been in a per capita depression since 2008. Remove £15 billion deficit spending per month and there is zero gdp growth.
The lost decade about to enter it's 17th year.
@@stephfoxwell4620along with another 700,000 pointless immigrants.
@@graemebarriball303 That's Net.
We let in 1.35 million and 600,000 leave.
@@stephfoxwell4620 yes true. 🙄
I have a feeling it only gets worse under Starmer, who was a human rights lawyer in the past defending many terrorists that the UK wanted to deport.
I really don't understand what all the fuss is with immigration. Get them into jobs and paying tax. There are plenty of jobs out there that other people don't want to do. 700,000 people paying say 3,000 per year in tax generates billions.
Personally I think business in the UK has pushed down on workers so hard now they have devalued them to nothing. Now the workers are just reflecting that same behaviour back to the companies.
Cheap Labour. We have had an open doors policy since the Blair Creature was in power and continued by Cameron and his Ilks continuation of said policy.
I started foreclosure of my business today. Ir35 destroyed it, I had to fire everyone. 80k of personal guarantees I'll have to sell my house. 😢
@@user-wj7cv9hb5jwhat a personal and national tragedy. I wish you well.
You can’t have more regulation and more pay. Businesses have to pay 5% in to your pension pot, pay the admin costs, fund paternity and increased maternity pay, pay consultants to ensure they meet the endless requirements of work place safety, pay massive business rates to fund the public services you all demand, pay large insurance premiums to cover them for the many legal hazards there to trip them up, police work place language and behaviour for fear of prosecution for staff on staff abuse.
Workers are a liability, I’ve stopped employing anyone on PAYE, now using only self employed contractors, I’ll be winding the company up
completely as soon as I finish my present scheme. I’m going to invest outside of the UK now, small employers are totally under valued in the UK.
Good luck with your pay rise.
The STATE is the biggest employer of cheap labour.
Definitely hope. There are a few simple but very effective policies that labour would implement but will angers a large but still a minority of the population (mostly the Tory base) this can be replacing council tax with a property tax, matching capital gains tax with income tax, carbon taxes on the largest polluters, and a potential wealth tax on billionaires. These policies can plug the gaps in social care, local government and the justice system. They can also rollback NHS privatisation and nationalise utilities.
Excellent ideas. On my growing list now. Note that these are all adjustments to systems. UK (and EC) needs a lot of these, but not (yet) very good at it (read The Innovator's Dilemma for the knowhow). Left-wing governments do better at this (and at growth, globally) in part because they are more team-friendly. Asian growth happened because teams could easily put in new systems.
Lack of supply in housing is caused by the broken planning system. The cost of putting a roof over your head has a significant effect on the cost of living. The new government could radically change this if they actually realised the magnitude of the problem.
If supply met demand it would be a factor in reducing the cost of living. Land would be available more cheaply, therefore housing would be cheaper to build. More housing would get built and there would be real market competition driving prices down. Planning reform is the key to it.
I dont follow you. How would land become cheaper?
@@peterquennellnycThere isn't enough land available to build on at the moment due to the planning system so demand for land outstrips supply creating scarcity and therefore higher prices. Making land easier to get planning on will balance supply and demand so prices will fall as they do in any market where supply is plentiful.
@@uham999 Sounds simple enough but the planning system is so tied up in legal knots it’s really not going to be easy.
The latest anti house building measures include the habitat net gain laws. They take a year to collect the base data, costs tens of thousands, then a scheme has to be built that finishes with the same habitat plus 10%. Guess what happens if you can’t achieve that? You can’t get planning or you have to buy off site credits, such as paying a farmer to remove land from food production. 🤔
I don’t see the actual cost of land changing even if supply increases because much of the cost is built in to the system by government, habitat credits, social housing cost, education contribution, open space contribution, CIL payments of anything up to £500 per sq meter built. In many areas the land cost could be zero yet building houses would still make a loss. That’s why many planning consents never get built.
Yes I subscribe to the point you make, but the government costs limit the supply cost dynamic of a free market.
You are right and yes, it is easy to make a loss building houses and the risk is significant. I have built many houses. The layers of pointless overhead costs add significant cost and delays to a build and gets worse every year. I'd say 25 percent of the cost is pointless overhead. All of this adds to the price of the finished product. The whole existing planning system needs scrapping and replaced with a redesigned system from the ground up.
Turning a field of mono culture crops into housing with trees, ponds, wild spaces adds significant habitat gain and a good thing. Expecting the same gain from a new build in a town centre is not realistic preventing regeneration of dying town centres. The problem the current law is that there is no discretion or common sense applied. One size does not fit all in the real world. I will only do permitted developments from now on because its the only thing that makes sense now.
@@uham999 me too. I’m winding up my new build business and finishing off my last development. I’m also going in to PD and refurb.
We have to talk to the E.U.At least get trade sorted out because what is happening now is ridiculous.We are not a desert Island in the North Sea and we need our neighbours like they need us.
And what do you think is happening or just blindly believing what you are told to believe!
🎉who in the EU needs the UK?
About 10 years ago the cost of an acre of agricultural land was about £4, 000 an acre. So a 40 acre plot would cost £160,000. Back then, with planning permission , a farmer near me sold 40 acres for just over £ 7 million. Planning permission is a massive windfall for land owners. Labour should introduce a windfall tax of 60% to 70% on the rise in value due to the issue of planning permissions and use those millions to subsidise building the 1.5 million homes. This would not only be a tax on rich asset holders but avoid Labour running up yet more government debt
I understand your waybif reasoning, but what do you think will be the effect of ducha windfall tax... No farmer willing to sell his land, waiting for better times when that tax might be gone, and thus no land available to build on, driving up the price of available land...
You can never win such battles. If someone possesses a commodity in eager demand, the are King.
@@ab-ym3bf The Land can and should be compulsory purchased at a small mark up on it's agricultural value. Landowners are being turned into multi millionaires overnight just for happening to have a few acres in the right spot. This is a distortion that should corrected.
@@jamesthomas4841 "compulsory purchased".
I assume you mean "sold", which means you robb someone of a possession he doesn't want to part with.
This must be a last resort option, only justifiable if the interest of the country is greater than tha tof the individual.
As I understand it, builders and investors are sitting on a lot of land designated for building but are holding out in the hope of higher prices. Better start with those before start confiscating farm land.
@@ab-ym3bf Councils have the power of compulsory purchase
@@ab-ym3bf Planning consent often has a time limit within which work must start. Builders often buy land as in investment. There are no business rates on agricultural land so there is no overhead unlike with property. Labour has promised 1.5 million new homes. There will be drastic changes in order to achieve their commitment
Yes we must be careful making the false assumption that we are out of the woods economically
Heading back into recession is likely
Inflation dropping for the wrong reasons
@@bomberbolton the reason the Tories called the election now was because they knew it was going to increase in the coming months and this was their best window.
Isn’t it incredible Tories were fine with first passed the post until it doesn’t work in their favour. `Now they won’t stop whinging
Not to mention blaming Reform for their implosion 😂
Not incredible at all. Is just self interest
Labour were the same.
@@wizzyno1566Labour have been talking PR for years and Tories pushed against it, until now of course
@@buntyjoy1800 yeah but they (labour) aint gonna do shit now that they've won through that system. If you think Labour is going to reform it, you're kidding yourself. They will pull a Trudeau.
Problem is we have a real stupid way of spending money in this country. Everything is so much more expensive even whennit doesn't need to be. Eg even the example between the London bridge plans costing more than fully building a 27km tunnel in Norway (a more expensive country than UK) for 1/3 the cost of the UKs plans for a bridge. You need to get rid of wasting money and start spending it moee sensibly.
That is not wasted money. It is money spend on supporters of the parry.
Outside the UK we call this corruption.
Labour has its mandate to govern, but it's far weaker than it looks at first glance.
Starmer's own vote in Holborn and St Pancras has pretty much halved since 2019 from 36k to 18k.
Far weaker? A mandate is a mandate. Starmer's majority was hurt one-time by pro=Gazans (good on them), nothing to do with mandate.
yea, but 14 years of Torys, think about it.
@@jonkayl9416 I'm willing to give them the benefit of the doubt, but I won't be getting my hopes too high.
Starmer, in my opinion, isn't to be trusted and Labour today is Labour in name only.
He's basically long been an establishment shill but, like I said, I am happy to be pleasantly surprised.
That was due to Gaza, completely meaningless in the long run unfortunately (Gaza will not be in the exact same situation in 5 years)
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I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of CZcams videos about it but I still find it hard to understand
There is a fairly easy solution, we need to reduce housing and necessity bills, once people have more disposable income, the economy will take care of itself.
We will be in exactly the same position in 5 years time but with even more national debt.
Evidence or just your personal prejudice?
V unlikely. Leftie governments around the world grow their economies faster. Average 1% more. Strong proof in UK before & after 2010.
what the torys got back in?
Taxes just take money from other areas of the economy so sure we can waste more on the public sector but there will be even less private sector to pay for it.
It's pretty simple outside of a few niche value add areas such as bio-science and aircraft engines and parts (often reliant on foreign precursor chemicals and metals) the UK isn't competitive in the slightest. And it's services breadwinner of financial tinkering is facing stiff competition from Paris, Frankfurt and Geneva post Brexit. Unless you change the very fundamentals nothing will change.
agreed
Why would the first part of capital (tories) and the second (labour) engineer the economy in such a way over many decades if it just leads to all these chronic problems for them as well?
Or has capitalism become so predatory and parasitic thet all it leaves in its wake is debt ridden government's, companies etc for it to feed off.
Paralysed systems. The UK walked out of the EC because of purported paralysed systems, having done nothing about them but sneer, and now find the real systems rigidity problem is closer to home, made worse because BREXIT did immense destruction to integrated systems. How to fix? All high value, all growth, occurs at the lower end of the systems adoption S curve. Simply foresee a way forward toward this and things will come right. Read The Innovator's Dilemma.
Awesome. Brilliant content. Spot on.
The minimum wage has gone up but inflation and food prices have risen More.
Given the chaos in the US and the lurch to the radical right in France and to a lesser extent, germany the UK is looking pretty good to international investors. That will likely help us.
😂 keep up the dream. Nothing beats friction in trade to end interest of investors.
I wonder who lives in all the council houses? Dum dum dummmmmmm!!!! We all know why
Are these the same ones that turn their spare room into a prayer room.
@@becjayne6097 lol. Yeah it is weird how the video author never mentions how much of social housing is given to immigrants.
AI reducing costs yes, but also reducing jobs I would think.
Ok for more housing but how do we get them not to build this in the dreadful current style
The style is bad, the quality of the build is even worse.
What about the £30 billions interest being paid yearly to the bankers on their QE reserves? Why is that never mentioned by the Tories or Labour? It is entirely windfall. Other central bankers are not paying out more because of higher interest rates. The whole of the state pension increase was around £8 billion for 24/25. All the "experts" say we cannot afford that.In 25/26 that state pension increase will be around £2 billion. All the "experts" are, of course friends of the City which is doing very,very well,thank you very much out of taxpayers and QE.
Doesn't the government in turn profit from the reserves?
@@peterquennellnyc no. The QE related reserves are held in the BoE . The reserves are held for 2 reasons . If 700 billions were let lose into the real economy they would cause massive inflation. In addition to the interest received the commercial banking sector gains stability by holding such vast reserves.
@@erongi233 Gotcha. Are the banks paying interest to customers for those deposits? There's no actual free money? As you describe it bank customers seem to me to be gaining in the billions, maybe 30 billion a year?
@@peterquennellnyc The interest is paid by the BoE to the commercial banks like Barclays,Lloyds etc. It increases bank profits. It doesn't go to bank customers.
@@peterquennellnyc The Labour Party are talking about the possibility of means testing the meanest state pension in Europe. The Labour Party has never mentioned this £30 billion getting paid from the taxpayer straight into increased bank profits every year . Completely either incompetent or corrupt. They don't want to upset the bankers.
I do not agree with you at the slightest that the benefits are the way to lower house cost.
Exactly.the opposite in fact - I had this discussion with my landlord myself when he was telling me to apply for benefits, he's gonna put my rent up, and essentially take the taxpayer money for himself
So he could have me (non benefit claimant, as im not eligible) in that room paying him 700. Or he could have some benefit claimnant there and get 860 between what tenant and government would be paying. 700
Very insightful.
As a former landlord and tenant I agree, this is exactly what occurs, as it is occurring to sale prices with all the housing market support wheezes (Right To Buy etc).
What a great fun way to start the day, watching this doom and gloom.
If you can expect companies to grow and profits to increase (on the backs of people on minimum wages) then yes you can continue to increase the minimum wage. Maybe it could be tied to company performance, like the executives are happy to avoid by with their remuneration....
Let's see some costings and feasibility studies before we declare GB Energy an automatic success. Labour said the it will create 650,000 new high-quality jobs, but this energy is also supposed to be very cheap. This doesn't add up. At the very least, a monumental investment in the electrical grid is required.
Nasal globalist middle manager out.....nasal globalist middle manager in.
Yay.
1.5m over 5 years isn't that much more than the conservatives is it? 5 x 300k , I think we've had 250k new houses this year right?
Surely the issue will be how many new immigrants we get in 5 years? 1M, 2M , 3M?
Yup, it's the same. And it's insufficient.
2019 Conservative manifesto - "300,000 homes a year by the mid-2020s"
Using house price inflation is the sensible benchmark to base policy on. The target should be zero nominal until the 70 year backlog is cleared and then general inflation.
And yes it'll be a slow business.
Instead of rearmament, the UK government can just stop sticking its nose everywhere in the world.
Hi am a current subscriber and would like to ask a question. Do you think that the US having an inverted yield curve means that it will go into recession and how will that effect the UK?
US wont go into recession, far from it, Fed predictions of growth are strong through 2026.
The UK's tax burden is higher than ever and higher than many countries in Europe that some are quick to labe as "socialist", yet our public services are so much worse and there is so much more poverty. Over 14 years, the Tories have managed to simultaneously massively increase debt, slightly increase the overall tax burden and kneecap public services. The math isn't mathing. Where's the money going? Chumocracy.
agreed. Torys want small government so taxes are lower but we are paying more for less. Where has all the cash gone?
The massive court wastage on the war on drugs in the court and prison system
At the very least cannabis being legalised would be a good thing
It's looking like the best Labour can do is halt the rot, before the Tories or Reform are brought in to finish the job with their slash and burn policies such as further reductions in direct taxation, especially for the rich, resulting in further defunding of public institutions and infrastructure that has already been cut to the bone, while encouraging further vampiric privatisation to suck away what little resources are left from front line services straight into shareholders profits.
Their first job, in the new parliament, will be to agree on an inflation-busting pay increase for all MPs.
TAX....THE...RICH! All the sh*t they own is in the UK so tax that revenue as it leaves the country to whatever tax haven they're pretending to live in. It's pretty simple.
Ed Miliband is going to.desyroy whats left of any industry in the UK. We will never recover
Would a wealth tax help?
From 2000 until 2009 the number of GPs increased by 10,300 thats an 25% increase.
39,098 ->> 49,347
From 2009 til 2018 it went up by about 130
49.437 - 49,569
Until you introduce mandatory voting you will never get a true reflection of what the eligible voters think - only 66% bothered to vote. If you think mandatory voting wouldn't work, it does 🇦🇺
Deregulation is the only answer that doesn't cost money. Reducing planning restrictions and getting rid of all the ridiculous levies on house building would drastically reduce the cost of a house.
Great British energy won't lower bills. Renewables are expensive especially compared to gas (which we have plenty of) and nuclear (which we could build faster if we had the political will)
Want more investment and higher productivity? Make it worth investing (fewer restrictions and lower taxes in capital) also restrict the importation of cheap labour. Firms will have to raise wages to hire and invest in technologies to make it economical.
Lastly, the benefits bill is insane, the number of stress related reasons for being out of work is ridiculous. By all means top up wages, but unless you are physically incapable you should be finding a job. There are plenty of vacancies.
The problem labour face is that the solutions to Britain's problems run counter to all their instincts. In fact the existence of the problems is in large part due to the continuation of the blairite consensus since 2010.
"the existence of the problems is in large part due to the continuation of the blairite consensus since 2010." Hardly. UK growth has averaged !% less since 2010. You make some sound points; this isn't one.
😅enjoy your swim in the Turdmes
I believe things will improve, but it will take Labour two terms, if not three.
Building enough houses wouldn't lower prices, how does that work? Personally, if I could get my hands on a decent sized plot at a reasonable price I would build a house in a heartbeat. The rules around planning are so draconian most people and smaller building firms aren't even looking at it any more. We've ended up with a handful of massive businesses building nearly all our houses and being the only ones able to get land.
I completely agree. I believe the report used the insufficient government target of 300,000pa. GIGO.
Labour could save a lot of money end the occupation of the North of Ireland..... except I doubt the North of Ireland will not get a border poll...
Go outside please commenting all day isn't good for health
Unless they remove economic growth barriers like #ir35 there is now hope for growth. #ir35 only helped Indian IT consulting companies which outsource UK IT jobs to India. Guess what Rishi Sunak's father in law owns the biggest one.
as a criminal in prison i hope they let me out 🙏
The country is not facing a mountain of problems. The STATE is facing a mountain of problems.
Accurate language is important....
State and country (and nation) are interchangeable. Maybe you mean government or economy.
@peterquennellnyc I think in the context the use of the word state is understood, as it is in the term "state enterprise" or "state owned monopoly".
Society has to change. The end of the two parent family unit is the root cause of most poverty. What are the stats for single parent families since WW2? I guarantee its been climbing and has never been higher!
Confidence will fuel growth now we are out from under the Tory jackboot
I think if we've learnt anything from this election, no seat is safe & don't take the public vote for granted.
If Labour make positive changes they might get a another term after, but if the don't, they'll be out.
It will be good to judge the labour party in 5yrs based on what they've done or haven't done. I'm personally very positive about the future in the UK, but only time will tell.
We read those same words after every election, no matter who just won.
I've been following this channel for quite some time now. except repeating over and over and over some facts in multiple videos, and talks about many and many deadlocks between problems, whats your solution on the situation?
'A Shame Economy is Broken' - what does that headline mean?
It means not even the new government will help UK cause brexit is stronger than any party, including the Labour.
In a world of financial pressure, high divorce rates, separations and no work security, people still think that having large families is their
right to have corresponding social security support.
Why should people still think in this way.
Because older generations had and sold this dream, and most still believe it calling their children / grandchildren lazy & work shy for not having the life they had when they were that age?
People don't have large families these days. My dad was one of 8, his mother was one of 13. If we were having large families, we wouldn't be relying so much on immigration to fill jobs.
@@nigelsutton8957 the cost of children is a luxury most can't afford especially as we've gone down the neoliberalism route than socialism (where a council house would've been great). I'm in the top 10% of income after housing costs according to the IFS, yet even I'm having issues finding a house I can afford the mortgage on in a nicer area as I don't fancy raising kids at my parents.
@MarKeMu125 I do appreciate that, me and the wife have a 38 and 25 year old still at home and the other 2 who have flown the nest have huge mortgages. My daughter and her husband don't even qualify for Child allowance for their 2 kids, as her chap earns too much. I lived in a council house until I got married and feel sorry for the current generation who don't have access to affordable rented accommodation.
@@nigelsutton8957 yup, it's a shame.
Did you get child care raising them or could you count on the wife helping to raise them full time? A lot of the issue is housing needs 2 incomes a lot of the time.
Looking forward to hearing labour blame the tories for the next five years, that should keep the voters pacified.
And it will be actually true
And what of the single market? We must rejoin and make more out of a relationship with our nearest and biggest trading partner if the economy is to grow.
Unlikely all EC countries vote in favor of reentry unless at minimum UK adopts the Euro.
Having subsided government housing just pushes down pressure on minimum wages , because the gov is subsidising your living cost so you can afford the low wage . If you have all market rents then employers have to pay more otherwise no one will do the job in expensive cities
Or they close the business and the unemployment start to grow.
I disagree, we’ve seen that people will just increasingly put up with living in worsening conditions while remaining in cities rather than move, people aren’t rational actors and for the most part don’t travel too far from the place they were brought up in.
@@georgeaird4637move out to Where the Streets you could end up spending more money on things like commuting by moving out
The UK has long been mired in stagnation and sluggish economic growth which seriously strains its citizens' disposable income. Labour may not help transform Britain overnight but is at least better than the pro-austerity crooked Tories. The UK insurmountable issues are systemic and could not be ironed out by tinkering on the edges.
And that is the problem for labour (or any other). It will take a long time for systemic problems to be solved, yet the public expects (partly based on "promises" from politicians) short term miracles.
When they do not appear, next election the swing is to the other side again.
New hopes, but the problems remain.
Put with the old WEF leader, in with the new one. Nothing fundamental will change
This wasn't a vote for Labour. There are vast swathes of England, such as Manchester and Liverpool, that blindly vote Labour out of protest against the perceived establishment in London via the Tory party. At this point I don't even think they think anything will improve, they just resent the conservative party.
The Labour party though have no intention of making things better for people economically. Their entire approach now relates to gaming the system to keep themselves in power through immigration and giving votes to younger people. Their strategy is to stay in government.
Their policies will now focus on social issues such as LGBT, feminist issues but more to the point they will keep the borders fully open and will subsidise this to the hilt.
@Ligerpride You are entitled to you ill-informed opinion
Are you a conservative? People like me vote labour because the tories do really well at persuading normal people that they are in ‘the club’ with them, but that exclusive tory club is the 1%
If you had a swimming pool in your house growing up, then you might have an excuse to vote tory.
Although Starmer has been gifted the election it goes to show just how bad the tories have been over the past 15 years. How labour can be blamed for anything Tory voters dislike such as immigration or gender studies in the past 15 years is sheer deflection..
Sounds about right
Exactly this.
Nurse!
Surely Labour can fix it , after all the Tories were mostly using Labour policies! Surely they know/knew how their own policies work...
It's strange... We have a whole litany of problems that we face... Very SERIOUS problems! And yet, I've had arguments with numpties on here, who have an issue with my stance that we should NOT be sending even more billions on futile wars abroad... Because over here, people are REALLY suffering!
It's like they don't get it! And that the lives of, say, Ukrainians is more important than the lives of Britains. No wonder Farage's party did well in the elections, with that kind of attitude!!!
Hi Vladimir.
@@peterquennellnyc He's NOT my enemy... And I don't give a sh*t what my government... Or other Western governments say!
Putin ISN'T a threat to Europe!!! I mean how could he be?! WE have nukes!!!
Well… GDP doesn’t help much - or rather waged work can’t. Housing, property, finance, debt and other assets have bound up more than “work” can carry. And, a government, a council or a person with decreasing capital ownership don’t “invest” - they all pay invoices with no ownership in return.
Growth does happen, but not in the producing part of the economy. It happens in nominals, and those gains circle back into the above assets - not in “investment” outside the FIRE sector. This makes the public sector a very inefficient (poor) capitalist in a capitalist society.
The last 40 years of legislation has killed off “trickle down”, as that meant regulations and limits to capital movement. Unemployment is not the worst threat, but ordinary people with no imaginable capital ownership questioning the point of “selling their labour” could be.
If the single well functioning sector is the privately owned corporate B2B - how can we expect the public sector or individuals to cope?
As Shakespeare (and Paul Krugman) widely advised... first thing, we lock all economists in the back room. Getting incentives & equilibriums right is only a very small part of growth & development. ALL the heavy lifting is basically a process of bringing in new systems with a lot of value at the lower end of their adoption S curve. That is the Asian model - as even the powerdrunk economists in the World Bank admitted in a book in the 1990s (before instantly forgetting that rule of thumb). Keir Starmer needs above all systems-proficient people. Read The Innovator's Dilemma.
AI is not inexpensive both to set up or to run
You voted for Conservatives instead of Reform, you got Labour...
The UK economy has no growth.
We have no world leading companies.
We heading way of Italy and Greece.
Just a nice salary and pension for the new puppets.
Yep, yep, yep!!! Your royals do not appear to be living rough like the general public. Why not cover their luxurious lives at the expense of the subjected people over there?
Now the UK Has Dick Emery as PM god help you or Allah.
The defense spending stayed the same from 1998 until 2009. Then it dropped
Healthcare spending rose only because of covid. In 2024 it was alread back down.
Epic regression to the pre-Roman mean realness moment
We need a better educated and paid workers, and companies must be forced to train local staff instead of bringing people from abroad.
“Anything we can actually do we can afford.” - Keynes
Stealth taxes. Congestion taxes.
Maybe Starmzy can get that infamous productivity up by asking nicely 😏
Why didn't Rishzy ask nicely?
The Tories' obsession with reducing the size and role of government has backfired spectacularly, leaving them politically irrelevant and facing electoral oblivion.
They've essentially engineered their own political demise through their bat shit ideological commitment to a smaller state.
Their cuts to public services have created crises in healthcare, education, and social care, turning voters against them.
Austerity measures have damaged the economy and increased inequality, destroying their reputation for economic competence.
The Tories are facing their worst crisis in modern history. They're not just losing an election; they're losing their relevance as a major political force. Their recovery, if possible, will likely take years.
Reform 2029
Nothing much will change. All politicians are the same.
We need more taxes. So that more money can be sent to Israel by our Prime Ministers selected by them
labour are expected to fix the problems. Why do the Tories get a free pass and are not expected to tackle the issues.
Need to stop being so generous with benefits.
They should never be above what a minimum worker on a 36 hour week earns.
Why? Because if a minimum wage earner has to survive off that amount then those who choose not to work need a reality check into what the real average worker survives on.
The min wage needs increasing
All roads lead you to more money printing - bitcoin fixes this
tories just handed all the problemo to labour and will get demolished in the process.
Not my PM never will be.
Hi Vladimir.
When all else fails, they send you to war. (Gerald Celente)
Country it finished
Be ready for low wage average to fall with open boarders
More national debt
More strain in the economy
No businesses to open as the those nhaves will leave .
If the country would spend money on real projects it would help a lot.
Waste 30 Billions on HS2 what they did not even finish.
This was the only project that get money during austerity and still got scrapped half way.
30 Billion waste on the most expensive Nuclear power plant.
@@paxundpeace9970 hs2 could be great . Improving travel links in the north could open opportunities for infrastructure and business to set up in other cities and no continually.compress everything into London
Brexit swapped an open border EU for very high legal non EU country movement (largely with it's migration and mobility partnerships along with increased non EU trade). If the country ever rejoins the EU, then the open border will likely no longer be set or more limited, as some countries in the EU have parties that are revolting against it
@@lionheart3429 I’m not listening to anyone who can’t even spell ‘borders’
I mean most of the illegal immigration into ‘are boarders’ was during the last 15 years of the Tory era, the hypocrisy is phenomenal.
Monbyotte? 😆😆😆
George Monbiot?
What a disaster
So called renewables are the most expensive form of electricity generation. British power is a huge mistake, unless it focuses on new oil and gas and new nuclear
Nuclear is looking like it will be incredibly expensive too. Hinkley Point C is heading towards a very bad direction.
Nuclear is then times more expensive then wind or solar.
@@BatCountryAdventures30 Billion Pounds and already delayed by 4 years. Not ready until 2029 and they started 2013.
Solar and wind are the cheapest sources of energy, nuclear the most expensive. Almost every recent study comes with the same conclusions.
If that is not the case in the UK, there is something going terribly wrong.
Just simply untrue.
5:52 😂 All AI will do is reduce the number of jobs and keep the spending power of the average wage depressed.
Why did the conservatives spend £20bn on reducing nic.
This would have been better spent on Primary care in the NHS.
hope that Labour stop caring for shareholders, foreign investors, bankers, all who ask for lower taxes and take their profits and store it in tax havens abroad . Actually start looking at the long term for the people of the UK think CO-OP's and Nationalisation not privatisation.
Isn't it wrong to say that the energy crisis was something the government couldn't prevent?
If the UK used green energy, wouldn't we have had much better energy security?
Already giving a whole load of money to ukraine
Why not change the designation of some agricultural lands everywhere? You chose the most barren spots and demand developers that want the cheap land must include a certain % of the houses destined for cheaper social housing for people the council selects. You tell the farmers they can sell their land if they want for a price between agricultural land and building land. Everybody wins. Or do what France does well, open zones of a certain industry with tax breaks and create a cluster of companies that provide work in zones with enough space and people looking for work. Levelling up should be spreading out economic activity from too crowded south to west and north. And these run down coastal towns? In any country in Western Europe coastal towns are expensive to live. It’s a dream for many to live by the sea. Invest in them, such a waste to let them wither away. If they are gentrified and the sea is cleaner, tourists will return.
tax passive income at the same rate as earned income, tax wealth the same as income tax, massively tighten the windfall tax rules and tax the rich till the pips squeak, means test the pension system, triple lock benefits and income support the same as pensions, just a few simple steps to gain loads of money
IT´S A MISSION IMPOSSIBLE FOR PM STARMER ! HUGE EXPECTATIONS FROM HIS VOTERS TO CHANGE : COST OF LIVING CRISIS; HOMELESSNESS; HOUSING PROBLEM;
IMMIGRATION; NHS ... VERY HARD TO ACHIEVE WITH NO MONEY; NO RESOURCES; ECONOMY DOWN !! MAKING EVEN MORE DEBT WILL BRING YOU INTO STATE BANKRUPTCY !
WHAT BRITAIN´S SOCIETY NEEDS IS A STRUCTURAL CHANGE; HAS TO START WITH EDUCATION; AND PROFESSIONAL SKILLS ( FOR BUILDING YOU DEPEND ON SKILLED WORKERS
FROM ABROAD ...) THIS WILL TAKE AT LEAST A GENERATION; THERE IS NO QUICK SOLUTION FOR YOUR SITUATION... very long , hard way for you ahead!
THE ONLY GOOD THING FOR STRAMER IS : WITH HIS BACKGROUND HE DOESN´T REALISE HIS SITUATION RIGHT NOW ...
I haven’t bothered to watch this video, the guy is a left wing economist who supports a large interventionist state. He’s wetting his pants at the thought of an even more lefty socialist government than the one just ejected.
Good luck Starmer, but as a small business man I’m already giving up, too much ted tape. I suspect many others will follow soon enough.
Lets hope that this new government protects the people not the bankers and shareholders who bleed the UK dry and claim they are creating jobs.
'its easy to paint a picture of doom and gloom', lol that's all your channel does every video.
It is also easy to paint a picture of unicorns and sunlit uplands.
Problem with both is that people believe those painted pictures without giving them a thought of their own.
Both extremes are bad
AI politicians would save us a fortune