Can Keir Starmer fix the UK economy? | DW News
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- čas přidán 4. 07. 2024
- The United Kingdom has a new Prime Minister, and he's promised to restore economic stability after years of chaotic rule. On Keir Starmer's list of things to fix: high taxes, ailing public services, low productivity and lackluster investment. DW Business speaks with Greg Thwaites, research director at the Resolution Foundation, an independent think tank focused on improving living standards in the UK.
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#uk #economy #primeminister #election #keirstarmer
I'd like to thank the host from DW news on not interrupting this gentleman as he makes his point. It came off as very genuine
Especially when he said we still have colonies 😂
I'd like to be optimistic...
We do not want back in the eu. But we do want to offer a warm welcome to all eu citizens to the Uk. The past awful govvernment is over with. We just want to say we are sorry.
The EU will never give the UK the same trade deal they had, its a dream that will never happen..
After all the insults and lies towards the EU, there is no chance for some time. You are right.
We are not asking for one. But being civil yes. We owe a debt of gratitude to all eu citizens who contributed to Uk society.For that we are truly grateful.
@@colinsmith1288 I think it is really hard to think of a way to make any type of agreement without the EU looking like they are coming back on the consequences of brexit. Not without looking weak atleast :P. Dont get me wrong, alot of people in the EU were sad to see the UK leave! I hope there can be an agreement both sides can live with.
@@koen6903 We just want to be friends again.The Tories did a lot of damage to both sides. Starmer is a good man and served his country well in public office. He will be a good friend to the eu. We just want peace with you all.
Don't worry, UK is no going back to the EU for a very long time.
Labour will get destroyed at the next election is they try.
Reform will be there for the next 5 years to remind them what will happen 😅
Chicken and egg. They need a bigger economy to have the money to invest in its people, but they need to invest in its people to get the bigger economy.
that is just garbage.., re-join EU and there is your problem solved..
How about attract outside investors?
@@clam3822 You have to balance multiple priorities, and it's impossible to know what the perfect balance is. It requires at least some degree of guess-work. Good governance is extremely difficult, even for people who are smart and doing their best to do what they think is right, and it only becomes more difficult when you've got economic weaknesses to deal with.
It's hard even with a very strong economy.
@@clam3822 why would they invest in UK over other developing countries which have greater incentives and cheap labour for manufacturing etc?
@@clam3822 Just having adults in charge again will help boost foreign investment. Big business doesn't like political instability.
Before economy they should adapt good policy because its failure of policy.
Nothing will change except the way success is measured. The poor will get poorer and those with money will do everything to protect their wealth.
Immigrants are buying multiple houses ,nothing to do with the rich people who see houses as investments. Tax empty houses and owning multiple houses- the housing market will sort it self out.
Large numbers of billionaires&millionaires in uk are immigrants
I like this idea
Not going to happen , even without Brexit the UK economy faced massive challenges which will take a generation to fix - under investment in everything since the 70's and money often wasted due to incompetence and short-termism can't be fixed in 5 years, particularly on the back of the post COVID level of dept.
looks, like there is very little room to move... so more spending, higher housing and weaker currency. Buying a house is shorting the currency, crazy trend that wont change.
there are many Switzerland like bilateral deals the UK can do with the EU and should do
Rejoin! And Be A Teammate 🇪🇺💙🇬🇧
@@michaelpilos no thank you. Going too ‘right’ for my liking.
We are not wanted so we will not return.
@@colinsmith1288 skipping over the horizon 😂😂
@@Optimistic-101 We are not returning. It is what it is.
@@colinsmith1288 have you heard of the dispute at the moment over sandeel fishing? The uk DEFRA has banned it in UK waters due to the demise of puffins & other seabirds starving to death & suffering from Avian Flu. The UK have has been given a Judges’ Special Award in the 2024 Ocean Awards, sponsored by Blue Marine Foundation and BOAT International.
The EU are trying to put a legal challenge in to re open the fishing 🙄🙄🙄 The environmentalist are kicking up a storm with the EU.
Who ever win, British down turn would not stop 😁
also get out of funding wars that benefits USA
No, UK is spiralling down.
The economy is likely to improve anyway. The wars in Ukraine and Gaza will end, or the world will learn to live with them, and stability will bring economic recovery. What Starmer will inevitably fail to do, is to fix the NHS. He can't do that without raising taxes, so either he will fail, or he will raise taxes, and the British people will vote his government out.
We will not vote Starmer out. He fixes the NHS and he will get all the tax he needs to fix it and another vote of confidence.
If the previous governments hadn't borrowed so much cash we'd have a better chance. Less private entities involved within the NHS, and cleaning house of bureaucracy and high paid individuals would also be a good start. A few quid extra in tax ain't going to matter. People have always been unknowingly robbed by corporations for a few quid extra because their emotional consumerism tends to blind them.
The uk should just join the USA
How about start manufacturing scrap red tape get people working again ????
Unemployment isn't the problem, low wages are.
@gomey70 We keep hearing low wages is the problem, but most of you say that you don't seem to understand basic economics principle, supply, and demand.
No one set the minimum wage for doctors, engineers or electricians, brickies or locksmiths. It's purely demand and supply. Again it comes to personal responsibilities low wage people need to upskill. Don't rely on government to do so for you or tell you what to do. You can't expect to be making coffee and be expecting to earn as much or close to a solicitor. Same as when you're stacking shelves.
I called locksmith the other day, he charged me £90 for coming to my house. I can't complain because there aren't that many of them around. It took him 3 days to respond, because it's not an emergency. So he can command so much.
If there aren't that many cleaners or barristas around their wages will go up. It's simple.
Houses are built for profit and low cost housing is less profitable than higher end properties, so what incentive will contractors have to build them?
Send more money to Ukraine they need it more than the UK
Lost trust from EU. Chosen to be withdrawn rather than embracing the hardship together. Hard to expect the same trade deal tbh😢
No!
The UK is at the mercy of the EU.
The Brits chose that. They vaguely thought: better be at the EU's mercy than be part of it.
McDonald',Pizza-Hut&Stixzy&Pagzeez prices can be increased for current sales!👍
short answer. NO.
WOW UK
UkranaKonka's Gold&Great-Britain&UK Golf can be sold easily!👍
Uk small businesses have lost a lot of money because Uk's out from Eu single Market. The new government will have to try to deal with EU.
more tax Finally!! woohooo!
Is that the sound of you leaving?
@@clam3822 maybe you'll leave first lol
之前受到 脫歐 Covid 19 肺炎 俄烏戰爭 影響
今天開始 經濟會緩慢轉好 (今天的世界局勢 有點像”歐洲30年戰爭”的擴大版?)
الصناعات الالمانية تنحدر الى الهاوية والالمان يراقبون المشهد من بعيد - للاسف قادة ألمانيا الحاليين يفتقرون إلى شي اسمة ((الرجولة)) وهو أن لقب الرجل يا سادة لا يستحقه كل إنسان. الرجولة مسؤولية و صفة قد لا تتوفر عند كثير من الناس لأنها تتطلب صفات خاصة أهمها أن يكون الرجل متحلى بصفات الفارس، و الفروسية هنا لا تتعلق بمن يركب الخيل بل المروءة التي أقصدها هي أن يقلد صفات الفارس النبيل. رجل الفروسية والشجاعة - الرجل صاحب السيادة يتخذ قراراتة الوطنية لصالح وطنة - ويملك قرارة الوطني. وهذا مايفتقدونة حالياً الالمان
hahahaha the UK is done lol
Funny that. You need to know Uk history to know the Uk always survives .
@@colinsmith1288Scottish independence grows every election cycle
@@jakeroper1096 Yet they voted labour. A unionist party.
@@colinsmith1288 Surviving is one thing, thriving is another.
@@mutkaluikkunen3926 The Uk is looking for trade alignment nothing more.
UK was acting like a head of a colonial empire without realizing that it was an illusion.
UK followed the USA lead in many ways without having the strength of the USA economy.
UK shot itself in the foot by having Brexit and lost the EU business.
Then it followed up with quarrels with China and lost the Chinese business.
Finally, it sanctioned the Russians and lost all Russian businesses, tourists etc.
Buying expensive USA oil instead of cheap Russian gas hurts.
Having to spend more on defense hurts.
Having to pay more for interest on loans hurts.
On the positive side….NIL.
UK will find it tough to revive its economy if it doesn’t have better ties with EU and China.
India is a poor substitute as its economy is too small to matters.
Time to see.
The UK never relied solely on Russian oil.
Also, there was no way we would continue to buy oil from Russia after the sanctions. We already had bad relations with them 😅
Silly - India is the worlds 5th economy by size and is growing at breakneck speed.
@@auldfouter8661
Let’s get real.
Middle income in India is USD350 per month.
They usually buy reasonable priced items and mostly from China.
That’s why UK is not doing well…..betting on India.
The business is too small.
Nope
RE ENTER THE EU. THATS THE ONLY SOLUTION
Puppet starmer claims we won't join in his lifetime, remember?
Pms biggest challenge.. explain what a woman is and where men should go to the toilet.
Brexit.
Who do 🔔 to 🐈 🤔 🐀
Colonial links 😂😂😂 the truth came out, I wonder what the former colonies native people think about “migration”
BREXIT RACISM LAZINESS
Notice our implicit propagandization when it comes to "the economy". Otherwise thoughtful and pro living standards analyst here points to the past where there were more people working although making less money and it's presented as a positive because it helps "the economy". I mean, what good is "the economy" if more people are working harder for less money with less bargaining power? It only helps a select small group utilizing said workforce for profit.
Yeap.. stop givin away $ to comedian to burn the sky..
I have two guys in sick leave in my work. They are not really sick, just profiting out of the working laws. As a result I need to work double because I am honest…
Europeans are obsess wit war,not economics.🙄
You seem to be obsessed with Europe politics 😉
There is a total of 600 seats in the UK parliament.
AND
80 million citizens in the UK.
Only 8 million people voted for Labour = 400 seats.
4 million voted for Reform Party = 5 seats.
6 million voted for Tory = 120 seats.
3 million voted LiB Dems = 71 seats.
So, probably only about 25 million voted.
NON of the maths add up, and so many things are wrong with this entire result.
The system is clearly broken, and maybe people should be forced to vote as citizens.
Only 1 out of 10 voted for Labour, and they control 400 out of 600 seats.
The population of the UK is 68 million?
@user-rx6fx5hm7g
Yeah, even at 70 million, only 25 million voted
Only 30% of that 25 million voted for Labour.
So 30% of 30% only voted for a party that has 3/4 of the Parliament.
The fact that 50 million didn't vote is a huge problem.
At least they should be forced to vote but have a non of the above box on the ballot paper.
There are many reasons why people don't vote, so the country needs to take it more seriously.
It should be a requirement to vote.
Having only 10% - 12% of the population winning such a majority of the Parliament seats is absolutely insane.
The Uk has 650 parliamentary seats.
The Uk has about 70 million people. There are 650 seats in parliament.
Not every person is in age of voting either. Your data is all wrong.