Why is the UK Collapsing?
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- čas přidán 20. 05. 2024
- Subscribe: / uptin | The UK is the only major economy expected to shrink this year. It's dealing with a cost of living crisis. Everyone here is complaining. Here's why.
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This country is ditching its currency for US Dollar:
• This country is switch...
South Korea's facing a crisis:
• South Korea's Crisis: ...
We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
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The world is collapsing because of politicians
Roman Empire fell due to politics... happening again
No. It's collapsing because of mentallyderanged, wokeliberals.
Too many 'settlers' from Pakistan and Bangladesh living off the State?!
I wouldn't mind paying higher taxes-but unlike in Scandinavian countries we get zero from our incredibly high tax bills. No public transport, no infrastructure investments, no house-building programme, incredibly long waiting times for hospital.
Almost everything in the country (including the NHS) needs a re-do unfortunately.
Then who is getting all that tax money ? Retirees ?
@@SP95 The military (a stupid nuclear deterrent we don't need for example), healthcare and pensions for a too-old population, a very poorly managed and overwhelmingly bureaucratic public health system...
Sometimes like during lockdown ministers just give billions to their mates via Whatsapp for fake contracts.
**But but HS2**
Oh sorry forgot that they are cutting costs on it and reducing its benefiit.
Best solution in the UK is private school and private health care. If you’re poor you’re fucked honestly.
The UK gives more and more money as subsidies to large corporations, and tax breaks for the rich.
As usual good job Uptin explaining the situation we're facing here in the UK and more specifically in London. I'm planning to buy a flat but with this interest rates it's not easy at all
Honestly Best of luck!
it's 5%. Intrest rates are still at a historic low. In the early 90s, they were 15%.
@@jim-es8qk5% for a 1 million house?in the 90 house was like 10 bucks 😂
@@AzeemMiapeople went into negative equity in the 90s, and a lot of houses were repossessed. That hasn't happened now.
Just wait a few years as tge current freeholders mortgages roll off. Prices will come down
You can feel it in the air when you walk around - it's a country in decline.
That sounds like Hong Kong.
@@alonshalit5778 And the US, Germany, France, Canada...
voila
Anyone over 50 realises why their country is declining - but they'd be called a 'phobe or 'ist for giving the causes. The regime and fifth column of leftists destroyed the land, not its regular people.
Wow how’s your experience so far?
The UK has been in and out of recessions and crises now for 50 years. 3 day week in the early 70s. Miners strike and 3 million unemployed under Thatcher. Recession early 90s, when I left the Army and went back home to the West Midlands in 1993 unemployment there was 45%. Late 90s not much better unless you were in London but Blair opened the floodgates to unlimited immigration. Credit crunch 2008. Shite wages after mass EU immigration post 2004. And on and on. I've lived abroad a lot on and off for the last 3 decades and returning to the UK is always a culture shock, like why is everything so drab and run down, including the people.
nice
To many makes of people that don't get on huge criminals numbers no law and order people living of the government what do you expect equal diaster like never before
Nice to know there is someone else out there that recognizes how rundown the country is. The south is supposed to be rich but is full of grotty towns.
@@olifromsolly6007 Most of London is grotty to be honest.
You got it in a nutshell. You're probably as old as I am (mid fifties). I remember everything you mentioned in that order. You absolutely hit the nail on the head. It makes me think now at this age there is no future in the UK. It will always be like this. It's a crying shame because the British have SO MUCH potential but all of our potential is being spaffed up the wall because the government see more reward for themselves and their mates in big business than creating a reward culture for hard work for the average small business owner/s who for many years will struggle just to get by. Go abroad and the situation and the comparison becomes stark just how bad it is here.
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As a young person who recently graduated in 2021 from university and started his first job in science, I am even considering leaving the UK in favor of the UAE, Singapore, Portugal, or any other country that has a better quality of life than the UK. I am also considering switching careers to an industry that is more profitable, because ultimately it is not fair for young people to suffer the consequences of the choices made by the older generation and the incompetent government.
Very interesting thanks for sharing. I think it’s smart to consider leaving at the moment
Good for you, plenty of people from the places you just mentioned are going to the UK
Add New Zealand to your list. Its economy has problems too but the weather is nicer.
Hello. I am also a scientist who left in 2014 to Singapore. I highly advise you to go visit those countries before considering your move. You have to do your research properly of whether those places are really suitable for you to live for the long-term. You should be considering the work aspect, and the whole picture as well (e.g. culture, ease of travel, costs, tax, housing prices, political system, history, society values, religion, language...etc.). Needless to say, I regretted tremendously going to Singapore. It took me around 8 years to return to the Western world. Once you leave, it gets much harder for you to return to your home country. That's because industry prefers to hire those at home, and not from overseas.
@@tanyaroberson9629 i will definitely add New Zealand to my list
Collapsing looks a too strong word for a country that is just stagnated, like many others.
Stagnated? If youre getting poorer thats not stagnated at all.
Bloody clickbait. Irresponsible as well. He making money off a bad situation.
@@harukrentz435 I'm not denying that economic stagnation coupled with increasing income inequality is a serious problem, although not exclusive of the UK. Eventhough, I prefer not to banalize strong words like collapse and reserve them to situations like those of Sri Lanka, Argentina and probably Turkey soon. The Uk is a high-income country, has a different scale of problems.
Inflation is making everyone poorer. That is definitely worst than stagnation.
It's been taking it much harder. Of course, it has a long way to fall from, so unlike Lebanon it'll recover. But 10 years down the line, it'd be behind what it could've been.
As someone that lives in London the uk has really collapsed sadly it looks like things will get worse before it gets better.
Prices are going down here in Germany. Not only food prices, but energy prices too. My electricity bill will go down. We dont have to pay for shareholders and CEOs . My suppliers are the municipal suppliers.
All of this sounds EXACTLY like this situation in Australia in 2023 - we have a cost of living and housing crisis, the Australian dollar is getting battered in exchange rates, the government printed money during the pandemic, staffing shortages and rising interest rates. Things are going downhill 🙄
How the hell did house price rise during the pandemic when the population of Australia dropped... it's not getting any better now that people are coming back.
@@mofo78536It happened in the UK too. House prices rose at their fastest rate ever during the pandemic. People who owned housing in nice areas made fortunes.
Sounds like the USA & Canada as well
@@hestiyani337this is the same all over the world, Blackrock, vanguard and state Street buying housing estates off the plans, no chance of first time buyers getting a foothold.
@@mofo78536 because money was cheap. Covid allowed govts to print money and of course they can't just print it out of thin air it needs to be lended and this probably came from the rich and now they cashed in good and bought up all the assets why prices are so high and low supply
I used to lived in UK from 2013 to 2018, and as latinamerican I can say that situation in UK used to be very common in several countries in latinamerican.
Unfortunaly, most british do not realize what's coming over them
That stiff upper lip and we the best we were the empire whatever mindset .... is dangerous. It's good to have confidence. Negativity is not great ... but.. come on sometimes its good to see whats happening and correct course/ Anyway I am not an economic political dude.
@@TheBlackManMythLegend i hope the situation in UK improve, because i passed for 2 economical crisis in my country (years ago).
So, the life style fall drastically
Sos de Argentina?
@@arielcolombo6617 no, México but in 1994 the same scenario than Argentina.
But the same scenario than argentina happened in that year
omg! thats 10000000% true, they recently start allow to pay in instalments, they were advertising this like an amazing new thing, Im from brazil and since early 90s we all pay with instalment lol, this crisis here for me is nothing
British here… thank you for posting this.
I’m glad you liked it!
@@uptin unfortunately I’m not sure I can say I liked it, excellent content though mate.
Liked that you’re showing the world from your viewpoint though =) suggestion though, look into our “Track & Trace”, the cost was £37,000m verses Germany’s £200m.. our most comparable country.
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London also has problems with its public transport especially the tube train system. While new lines have opened & stations like Tottenham Court Road been rebuilt, many of the stations haven't changed in 40 years! For example the Piccadilly Line. Lovely flash stations at Heathrow but once you get past Hatton Cross it is a visual journey back to at least the 1980's or even older. The Hounslow stations being a good example of what I mean. Functional & kept clean, there are even some clever things done like the bird netting at Hounslow Central that keep birds from roosting under the roof. But overall many of these stations look like something authorized by Clement Attlee during the post war years austerity.
So the UKs economy is shrinking this year but Russias is growing? That’s kinda crazy to think about.
“muh sanctions”
- NATO
wow man ! Always learning new stuff with you. the quality of the video is insaneeely good 😍
Thanks a ton!
@@uptin Yeah, I'm not impressed.
Sir, UK isn't collapsing its basically didn't attracted the right talent required by the UK in the past 10 years. Now, they're working on allowing talented people to immigrate to the UK.
mind you, the UK g0vt though attracted all the criminal talents you could ever hope for.
@@user-vc5qk9tg7u They are the one's started up the politics in the name of Democracy in this world few hundred years back.
I feel so let down by the UK. Desperate to get my kids out of the country. So let down….
Where are you going?
@@user-om4xc1xe6l wish I could. Trust me…
sadly not an option for many ordinary Brits.
the wealthy feudal class though is a different story because they can afford to.
@@user-vc5qk9tg7u He won't answer; maybe you will?
Where would you go?
@@kitmoore9969 like many ordinary people in EU, I can't afford to move anywhere. We are all f'd.
The wealthy oligarchs would be fine though. Welcome to capitalism the best system in the world (for the oligarchs at least)
*It's not just the UK. There are many countries around the world which are facing the same issues. Look at Singapore. The rents have skyrocketed over there. Germany is literally in recession. Spain and France have been having pretty stagnant economies for decades now.*
It isn't.
@@charlie_56 Where'd you get your data einstein?
@@charlie_56 Why?
Refer to figures from the Organisation of Economic Cooperation and Development (OECD), which looks at how rich countries are performing, show the UK economy fell further than others in the first months of the pandemic.
No catch up since, and now the Bank of England and IMF both expect the UK economy to shrink this year, while other G7 countries are expected to grow.
@@zaidahmed9527 This is incorrect
I visited UAE in the month of March for some work I saw alot of millionaires from China, India relocating there. Moreover I also saw alot of British financial companies setting up there offices in Dubai and few friends working in Qatar Investment Authority are very pessimistic about their investments in UK.
The Gulf States are trash
it doesn't matter. UAE is a corrupt country AND non arabs arent allow to get citizenship
I blame the amount of Refugees we have let in plus unskilled immigrants that are on Universal Credit - Rishi is indian and indias budget has just passed the UKs just saying. And surprisingly Refugees and Immigrants weren't mentioned.
Germany is in recession, the UK isn’t.
As she says the money we pay in we don't see any of it in return. It all goes to shareholders or being wasted on hotels for migrants. We pay a fortune for car tax yet the roads are in more of a mess, the country is a disgrace
Shareholders, in the British government?
Reasonably sure that the government doesn't have shareholders, the majority of your post...yep.
I have never seen a country vote to sanction itself like the UK
It was the dogmatic elderly voted for brexit. Voted out of racism.
@@Fatihturk0071 sadly the were younger people who voted for it too for different reason🥲
Brexit was a great idea in theory but our parliament sabotaged it to fail and fill there own pockets off the back of it
I’m “elderly” and certainly didn’t vote for it. It was the uneducated mainly, also younger people generally don’t vote.
3:20 IMF has updated forecast of UK economy , that the economy will grow by 0.3%
hes a propagandist
0.3% is a joke considering how much money the UK is 'supposed' to have. The UK economy is a basket case after decades of mismanagement by incompetent politicians who don't understand International or domestic trade.
Meanwhile France and Germany have 0 debt, 0 unemployment are taking at a rate of 20% a year LOL
@@nofiltersenzafiltro9596imf lol.. They are wrong most of the time
@@sourabhkarkala343 not for eu friendly countries
Please do this for Toronto, Canada - I'll even talk with you
We got the same issue in Canada, many Canadians are leaving. People are sick of seeing our government fund proxy wars and all these other projects that have nothing to do with Canadians.
As a Canadian, I am not sure about this comment. People are moving around to other provinces to a certain extent looking for a lower cost of living, but there is no mass exodus of folks leaving the country. It's actually the opposite, the population growth rate is +2.7 percent . In 2022, the number of Canadians rose by 1,050,110. As of June 16th, 2023 Canadian population is 40 million.
The housing supply and demand issue is driving cost on top of inflation and recovering from the impact of covid. Within my personal circle I have two friends that moved from the UK. 1 just got their landed status and plan to pursue getting citizenship. I have a neighbour who relocated his whole family from Houston, Texas because he hates the direction of America. The government needs to address the housing crisis if they continue to expect this kinda of growth. Especially in big cities like Toronto and Vancouver.
@@InconvenientTruth50 increasing by immigration
@abrorbobomurodov2361 increasing nonetheless. The younger of the baby boomers are hitting retirement age. The next Generation behind them Gen-X is a small group. There is a shortage of people or in capitalistic terms workers. Canadians are not having big families. Who is going to fill the jobs that need to be done, prop up social insurance, etc. Like many developed countries experiencing stagnant growth rates, immigration is the only solution right now. Anyhow, Canada is a land made up of immigrants whether you like it or not.
The EU isn’t as rosy as you think, it has a serious debt issue and they are in decline as well.
The entire world is in decline.
I am one of the people moving my businesses to Spain and sadly leaving London as we won't be able to cope with recruitment issues and high expenses.
Look I am of Polish decent and live and was born in Australia.
I don't think the British people who voted for Brexit care that the economy is down a bit. They just wanted control of Brittain to stay in Brittain even if it cost a bit of GDP to do it. So those people are maybe not happy but content. My 2c worth.
UK isn't the only country facing inflation.
It's tough making money now and especially in stocks when institutional investors are the driving force behind the selling. I'm trying to avoid making any new buys at this point in order not to get sucked into a bear trap, tho I read an article of people that grossed profits over $150k this 2nd quarter, wondering what could be the best stocks to put on a watchlist for capital gains, both in a bull and bear market
Yes, tech, transportation, e-commerce, among other sectors, are expected to experience growth.
However, considering the recent surprises in the market, it's advisable to consult a financial advisor.
Their expertise is invaluable in navigating this storm and ensuring you make informed investment decisions.
@@annemoore4461I've not really considered financial advisors/portfolio managers but who would you recommend?
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@@annemoore4461 He appears to be a true authority in his profession. I looked him up online and found his website, which I browsed and went through to learn more about his credentials, academic background, and career.
He owes me a fiduciary duty to act in my best interests. I set up an appointment to use his services.
Thank you.
Good job, Uptin, perhaps we can see some stories of where people have moved to to get their perspective too? I’m an ex-Brit in Melbourne, Australia.
Did you throw your British passport in the bin?
So sad to see this happen
At least one person identified the cause of inflation which is the government printing too much money.
Forty plus years of thatcherism that's why. Greed , selfishness leading to corruption on a scale we've never seen before.
Our economy is also shrinking. It is not only the UK. Greetings from Germany. 🇩🇪
I subbed at 2k, your should blow up to 1M soon.
Siamean how are you doing today
intermittent fasting on a national scale 😂
The IMF - which said at the start of the year that it expected the British economy to fare worse than Russia's in 2023 - upgraded its outlook for the U.K. Tuesday. It now expects the U.K. economy to grow by 0.4 percent in 2023, an upgrade from the 0.3 percent contraction it predicted in April. - you need to change your IMF forecast it was revised in May
@@EllieDW Not entirely correct. Of course, a state can't collapse or go into administration. Inflation is higher but it will drop. Currency, today: 1PB - 1.17€. That is better than 2 months ago € 1.14. But this comparison is crucial, look up what the value was before Brexiit. The current strength is based on the higher interest rates.
Energy costs: Boris Johnson said: "Germany is totally dependent on Russian gas, we only 3%, there won't be any energy crisis in the UK".
It's right, problems are similar in many countries as we are globally connected, and for me it's not so significant if anything is up to 0.3% or down 0.3% but this is not the issue, but and it is a big but, predicted after Brexit was a boost, gigantic investments, the strongest country in Europe and Sir JRM even said: "We are now the party of the working class."
Ukraine? Covid? Hold on, it seems to be a beau temps Brexit, a Brexit that only works if the conditions are good. - wish you all the best -
@@godehardbrysch7905 UK Just passed France in terms of GDP per capita..
IMF need to revise figures again!
@@gnrseanra9070 Good morning gnrseanra, for me the GDP per Capita is more significant than the general GDP, seems to me that you are of the same opinion. An industrialized country with a high population number achieves a higher GDP, no wonder that the USA and China have a GDP that
is so high. Though my term "industrialized" is to be seen critical.
I've checked it and used the International Fund Monetary site which is the latest one. GDP per Capita, you are right: UK:26 - France: 27. We in Germany are not much better: 19. I'm right that smaller countries have better numbers: Belgium. 22 - Sweden: 20 - Austria:18 - Denmark 16 - Ireland, your neighbour: 6 (!) - The best in Europe is Luxembourg: 3, even better than Switzerland - Number one: Qatar. - Thank you for motivating me to do some research, I wish you a happy Tuesday.
@@gnrseanra9070it passed France years ago.
@@godehardbrysch7905 assuming you can trust these figures, we have manipulated all sorts of figures, we even changed the definition of depression, the definition of vax. LOL
There is no difference here in Ontario, Canada. House prices in the Southern Ontario are ridiculously overvalued. There are so many red tapes, in truth there is no free market. Many industries are tightly regulated, except for real estate. The country relies heavily on the r.e sector. Difficult to build a future for a new comer, and for the young generation, unless one has wealthy parents, generational wealth.
Also, another that seldom gets mentioned is that private debt is much greater than public debt. The latest stat reveals it is the highest in the world. It's seems that the Dept of Fin just seem to ignore the private debt crisis.
Many are house poor. I have lived here for over 46 years, and truly belive that it is better to settle elsewhere.😭😭😭
But it's not Brexit, not at all. It's COVID, Ukraine, immigration, under-performing civil servants, Labour, the EU, drought in Spain, US loving Ireland and not the UK, all that. But definitely not Brexit.
Sounds like you voted for Brexit! Lol
It depends where you live I live in a small village in the north of England where I pay rent £300 a month
300 a month for a room? 🤣🥱
It's really sad what is happening all around the world... Pray for the earth... Everyone wants to leave there country from A-z its insane...😭😭😭
Public sector over paid especially Australia
Great video!
I no a friend who lived in london had a business there said its too expensive to live there hes moved to Birmingham and well settled there
Open to the world while under your control is the ultimate formula.
UK - too many Single Mom, Free Social Benefits, Job Less, Peoples don't work. Only the rich, get Richer such as Governments.
Many don't work because they're better off not working. Single parents in particular are better off working low hours and claiming benefits. The SYSTEM is to blame, not the people. The Government is at fault and does a great job in sewing discourse through the country, causing infighting while diverting the attention from themselves. Criminals.
I had left the UK 12 years ago, and i had foreseen this happen to the UK !
Did you return your passport and say you don't want one?
My energy costs in Europe gave me a refund last quarter. I was paying a fixed amount in anticipation of high prices but this billing cycle I got a few hundred refunded
I left that mess to go and live in South Korea. No regrets.
english teacher?
Same, currently living in China, better stay here than going back to the UK.
@@saiftravelschina Would like to hear from you again when they no longer need English teachers.
@@jimbocho660 It's easy to get another job, I'm qualified for that. I've been here long enough, with great networking. No worries.
I left the Uk to live in North Korea, no regrets
It's all about the quality of life. Inflation has hit alot of Countries but the economy needs more markets to increase jobs productivity.
Same happening in US. Has NOTHING to do with Brexit.
Was in London last week. Not many tourists.
great content
Thanks for your support 😊
Britain is not collapsing, they are actually growing, small but not in recession, not bad considering the incompetence of the ruling and industrial elite in that poorly governed country.
You are kidding yourself 🙄💀🤣🤣🤣
Come on dude, once the pound was like 2 usd, now it slightly more than 1. There is no British car anymore that is not owned by the Germans. The only thing GB has is the City, but with the first left wing government that will come, those all will move to the UAE.
@@pietoud1991 you think GB is going to stay like this forever. what otter nonsense. I am working in the shop and we reduced the price of everything from last month. and also earning good wadges
Cost of living crisis ? oh another word for inflation.
Looks like you are using your iPhone’s cinematic mode to blur the background, I would recommend turning it off as it looks very artificial.
These things that people say in England are all universal, prices have gone up in all the countries of the world
In Europe, the impact of inflation has been much less than in third world countries
UK inflation was higher than most of Europe and US though
still in denial?
@@uptinit wasn't..Inflation was average.
@@jim-es8qkThe economic recovery in the UK post Covid has been the weakest of all advanced countries. In addition - the size of the UK economy peaked around Brexit and has never returned to the same. You're just in denial.
@@vmoses1979it was the fastest growing conomy in the g7 last year. The pound is the best performing global currency this year, it has record low unemployment, the EU is in recession while England isn't. I could go on if you want?
The UK has had a productivity crisis for last 15 years as lots of zombie companies were on life support with low rates. Higher rates will ultimately burn these out so things will pick up. UK not even in recession dont forget.
The last words of Ice Cube's "Summer Vacation" sums everything up perfectly.
I’m not sure if UK collapsing or not but I decided to move back to my country, life started to be worse and worse here.
Really like documentaries like these
In Germany we have same Problems! It was a good decision to get out from the EU!!!
Hearing this kind of news makes me think that the UK will be better if Charles and William ruled it independently. Especially William.
What about Harry 😢
it's not news. He hasn't produced any facts.
I think Meghan would do a better job than those bumbling idiots.
I think Prince Andrew would be a wonderful monarch, he would make sure all the underaged girl are safe
@@thepatriot4076 I never talked about Andrew. I think he should be kicked out of the royal family. He is a disgusting piece of shit.
These types of economic/business videos are what makes this channel awesome! If you did videos on Indian economy, it would probably be your highest viewed videos due to us having the #1 population in the world & CZcams users. :p
Hahaha should I?
@@uptinyes
Yes it certainly would.
And make a video about Sri Lankan crisis too
But not much ad money because the average Indian is dirt poor.
Part.2 please 🙏
Stay tuned for more 😊
0:49 Malaysia has 3 prime ministers in one general election 😁
As a immigrant living in London for the past few years, honestly I never thought UK would be in this shape ever. We used to look up to the G7 countries but to realize this in person was a life changing experience. I could not fathom to state that comparatively India has gained by leaps and bounds in many areas like private sector jobs , healthcare, blue collar services and culture is great compared to the UK. I guess we can just wait and watch now
Do you have any advice for someone planning to move to the UK from India like any other country better than the UK since most of the western countries are facing these problems of housing & rent crisis, cost of living crisis, inflation, recession and poor healthcare/extremely long waiting periods for even basic tests.
@@Qpqql There's no solution. Obviously the more people who want to move the worse the housing prices are going to get.
That's really difficult. There is always the discussion about languages, and integration. If you look at other English speaking nations (as a first language), a lot of them are having similar issues right now. But the UK have recently enacted Brexit, which, I am sorry to say from my personal experience living in the UK for most of the last 20 years, was heavily based around racism. None of the other English speaking nations have divorced from the worlds largest trading block on the basis of wanting to explore "better" trading opportunities, and yet are looking at GDP declines, and dropping down the league tables of the OECD / G7, in such a spectacular, and stupid self-inflicted manner.
I would not recommend entering that racist-infested pit called the UK, until such time as they grudgingly return to the EU. You would be far better served going to one of the EU countries where English is a second language, or, learn their national language before you go.
And, obviously, there is the question of visas. I don't know your situation, and I dont want to know. I am confident you will be able to figure out what is best for you and your family. But please be aware of just how serious the Brexit situation was, and what was behind it. There are many forums I have personally been on, and when posting under my real named, I have been told to F*&^ off back to my own country, and if I don't like it, dont come here.
@@QpqqlStay in India. You are pushing everyone to the far right.
@@Qpqql don’t, your not wanted
they blame brexit yet ignore the banking bail outs in 2009 which out the uk into massive debt
Truth. But Brexit was really dumb.
@@stevenhenry5267 I agree it's not does us any favors.... i really do think people who voted the leave were not given the right information and the process of the break up was not good at all. They fumbled it badly for everyone.
The UK tabloid newspapers like to turn everything up to 11 when it comes to panic mode.
Me and my family are thinking of leaving and i would never of thought about saying that, ever.
I remember when Brexit said it would be hard for us to travel around Europe. I’ve just done my 9th country, no visa, borders, problems, additional paperwork. What a joke. Travel and enjoy
@William Brown Hey William, I worked in Vienna earlier this year Jan 17th - April 28th, no problems. Work permits are easy to gain for almost any industry. Colleagues have worked across Europe and gained their permits easy as long as applied for in time. This is my experience. Show me data with a link to prove this is now a problem. Show me people from the U.K. who have had their work permit declined or that they can’t get one.
@@williambrown1455 …..
that's what you get from printing money and closing down businesses.
hope we all have learned something from covid.
Yeah don't comply next time . Was one huge power and money scam
The video would have been better to have a more balanced view when it comes to Brexit. Being part of the EU did harm UK as well (There was good and bad on both sides )- we had too many immigrants from Europe taking up construction jobs for cheap and the NHS was overburdened as were our schools and public services. The UK picked up the slack for EU during EU holidays. For instance (what I experienced personally) Germany would have more holidays than UK and the UK team would do the work for the absent Germany team. Europeans worked less hours than UK and UK paid a significant amount into the EU. Also Germany and Europe is doing worse than the UK right now? Didn't the Euro reach parity with the US Dollar? The pound did not.
It's worth noting that after the referendum, there was another election and Pro-Brexit Tories won beating Labour in traditional Labour strongholds - this was seen as a second referendum.
London tends to be more pro-EU/anti-Brexit, but outside of London (in the more rural/suburban areas) are pro-Brexit/anti-EU. It may be worth getting their opinions also.
I have seen this country in this state before and it will carry on and pick up.
I cannot think of many times when things have been pony but you just have to carry on
Food bank users gone up
All I got to say is: "Ha ha ha" Glad I left. The writing was on the wall in April 2022 when I saw it took me 3 months to find a job I saw okay the economy is dead here when I found a position in France I just moved. Sorry, not sorry. Only small wage and high price. I saved so much, I never had so much money in my hand in only 6 months since I left. It's like I can buy a Tesla 3 cash just right now. in 6 months doing contracting in France. I already thinking about having children in the next 2 to 3 years if God wants. For all my friend who stayed and has it better, hopefully, it get better. I was too old to wait for that situation, to get better.
Great!! I hope things go well for u
@@ivanr4300 thank you mate! hopefully, it improve the UK is great but just need more sound law so the people are not burnt in the name of the economy I think it will create more trust in the people people will invest more and the economy will paradoxically grow more. anyway I am not there anymore .. no brixton croydon or slough and london for me.
@@ivanr4300 you can make some money you can make experience working in the UK because the job market is quite dynamic and they give you the chance for that I will say thank you.. but to really have a good salary that allows you to actually have a LIFE( a real one .. not a Struggle forever one ) the UK is (for now from my non-expert eyes and experience ... ) DEAD. Even after Brexit the rich left the country, the Dyson Guy or some other guy left and move their money out. If billionaires are leaving what a simple soldier like me can do? Stay in the trenches and just take it, because some General did a bad choice? Nah.
Just wait a couple more years. France is going to get worse with the EU ridiculous energy policy and their pathetic import requirements.
I would also add shut down of coal and nuclear power stations and lack of planning to build replacements, plus decline of north sea oil and gas.
Yup its because of Brexit. It crippled UK competitiveness when it left the EU. It isolated itself to its "neighbors" which is the EU countries. UK puts up this Brexit fence then EU responded with No more freedom of movement. So the logistics, supply chain, tourism, travel is slapped with border controls, paperwork, taxes, fees, queues..If UK was on Asia yes it can survive but its neighbors are the EU countries hehehe
germany and eurozone have entered a recession while UK is growing...
SHhhh do not upset the narrative.
Yes you are right we are in recession because of energy prices but we are dealing with that right now and we are not reliant on Russia anymore so we are fine. The UK is fucked! In October the UK will start checking at the border and that alone will rise prices, then You have to deal with the Energy prices.
The guy at 3:35 hit the nail right on the head
We were not getting good deal from Europe anyway!
The collapse of the UK has very little to do with Brexit and everything to do with the war in Ukraine which has caused massive energy related inflation, poor leadership from the likes of May, Johnson, Truss, specially during COVID, the unabated influx of illiterate and violence prone immigrants, mostly from failed and war torn countries like Pakistan, Afghanistan and Syria who refuse to integrate and prefer to live on benefits as well as reduced tourist arrivals due to the rising crime levels in London and some other parts of the UK with large immigrant populations from muslim/African countries which its police are either unable or unwilling to control.
u forget to mention immigration especially from india specially from states like punjab and UP and gujrat who come here on student visas showing fake bank statement and donot attend a single day at university brining their whole families with them, and then converting their visas to some low end low skill care taker jobs which have no benifit to the economy effectively moonching the state. This was the reason the government has tightened restrictions on student visas because unfortunately people like these misuse a fairly liberal system! These people come in such huge numbers that they change the demographics of some place see london its 40-50 % indian immigrants now
@@hammadahmed725 The Indians you talk about are very small in numbers compared to the number of skilled and highly qualified and experienced Indians moving to the UK. Apart from that, Indians work hard irrespective of their background and skills. They are honest, hardworking and best of all, they integrate well into British society, are law abiding citizens, pay their taxes and contribute to the British economy. That is why you have an Indian origin PM Rishi Sunak heading the UK. Pakistani immigrants on the other hand are mostly illiterate, the majority of them being taxi drivers in the UK. They live in ghettos in places like Birmingham where they live exactly the way they live in Pakistan, they don't allow any non muslims to buy property in the areas they live in, and they contribute very little to the local economy except negatively as criminals and members of drug gangs. The Pakistani origin grooming gangs of Rochester and Rochdale who preyed on predominantly young vulnerable white women is a good example of their negative contribution to British society and their toxic culture. The recent incident where about 300 Pakistanis drowned in their attempt to illegally enter Europe via boats is an example of the kind of people who move to the UK and Europe from Pakistan. Illegal and illiterate. Apart from that, Pakistani origin immigrants don't integrate, they only mix with other Pakistanis and being uneducated, they prefer to live on benefits and sponge on society. They bring their toxic culture and religious beliefs from back home with them to the UK, marry their illiterate cousins from back home and bring them to the UK instead of marrying British women, because they find it hard to dominate and control them. They keep fighting for Sharia law in the UK while destroying churches and temples in Pakistan, which makes it evident that religious zealots originate from Pakistan. . Why come to the UK if you want to marry your illiterate cousin from back home in Pakistan and introduce Sharia in the UK. You guys should stay home as you are unfit to live in any civilized society. Sadly your home country is in an equally big mess as Pakistan is now both politically and financially bankrupt and has become a terrorist haven in the world. I am sure you are aware Osama Bin Laden was found and killed by the Americans in Pakistan. And all this while India goes on to become the 5th largest economy in the world. Based on the above, it is not hard to guess who is more welcome in the UK. You guys are not wanted there.
I don’t even get this video on so many levels. India’s gdp per capita is far lower, and gdp can be higher because the damn population is like over 15x the population. I am not anti India, I am an Indian myself. Also the recession thing, imf already changed their statement. Feels like a very sensationalist video. I feel uk is in a lot of trouble, but this video only focused on London. That’s like me going to SF or California and coming back with the conclusion that the USA is expensive across and there is crazy drug influence and homelessness across the USA. Seem fair?
I want you to talk about Japanese zoning and it's an abundance and surpluses of housing that occur leads to some houses in the countryside being abandoned by the landlord or its owner do it to not being very full of opportunities
Please do a video about Sri Lankan crisis
Of course these points are valid but it is worth mentioning almost all Western countries are suffering from these problems although the severity of each varies by country. The UK is still an absolutely fantastic country and yes some are leaving but in the last year we've had the highest number of people coming to the UK in living memory (over 600,000) so it obviously is a very attractive country. And of course some people would love to pay no taxes and move to the Dubai where they can make use of the tax breaks and high quality of life on the back of workers with very few rights and extremely low wages. However many consider the free healthcare and high basic worker rights like a £10.40 minimum wage something to be very very proud of.
what a joker ahah is like a Libanese American, uk gdp its growing in 2023 what an arab clown
I lived 10+ years in London and just last year left for Amsterdam primarily due to the government and the fact even as a middle earner, you pretty much are screwed. I can for sure tell you, it used to be 'great' but not anymore. Yes, other countries in EU have similar issues, but not the issues especially people who work in London face. I know plenty of people who are above 60k-80K+ and they are questioning the quality of life they get. Also, even thou UK ofc has a high net migration, but you forget the people who are leaving the UK are mostly high skilled and replacing them, isn't easy or at least it will take years. This overall will impact the amount of taxes any future government will have for investment, hence at this stage especially if you are in your mid 20s/30s leave UK, I know plenty in my circle who have already or are about to.
@@razr8296 London is not the U.K.
how do the 7½ million on the NHS waiting list feel about your fantastic country?No other European country has so many food banks so your 10.40 wage is hardly something to be proud of when those on the minimum wage can't afford food and heating. It is not an attractive country for the 20% living in poverty. Are you living in a parallel UK, or stoned??
Wages and inflation don't add up . House prices are crazy and people did want to work but they had to stay home .not by their choice by the government lockdown.
Its like whole western world problem
UK ECONOMY IS IN DIRE STRAITS, NOT BECAUSE OF BREXIT, BUT THE SPIRALING PROPERTY PRICES DURING THE LAST NINETY YEARS.
BACK IN THE 1930s, A THREE BED HOUSE COST £850 INCLUDING ALL THE PURCHASE COSTS.
NOW, THE SAME TYPE HOUSES COST ALMOST THOUSAND TIMES, WHILE THE WAGES HAVE GONE UP BY AROUND ONE HUNDRED TIMES.
THIS MEANS, THE PURCHASING A PROPERTY CAN ONLY BE A DREAM FOR THE YOUNGER GENERATION.
Houses prices roughly kept in line with inflation for most of the 20th century.
Then *something* happened in 1997 and its been doolally since.
Germany is in recession so how do you say that UK is the only large economy likely to shrink?
I think it's temporarily. In 2024 we'll see the start of a slow but steady recovery. Remember 2008? Come back in 2024 and leave me a 👍🏽
Arguably, we never recovered from 2008. We have suffered from high debt, high taxes, and low growth ever since.
Nuh. This will be a global recession from 2020 to at least 2031-2032. Just look at historical trend. 1870s market crash that only recovers in the 1880s. 1920s great depression, 1970s oil crisis and now it's 2020s commodity crisis. The global economy is planned and we are all screwed.
It’s only going to get worse as Brexit comes into full effect. Poland is projected to catch up with Britain in gdp per capita by the end of the decade. The symbolism of that is huge.
It’s because they drive on the wrong side of the road, we know.
I left Leeds let alone London
No one has mentioned Northern Ireland. Part of the UK is still in the single market. We can sign new trade desls and trade freely with the EU. It is quite clever if you ask me.
No problem with Inflation...The most important thing is Zalensky must be assisted with funds and weapons.....👍