Sorry, there's a little glitch in video formatting at 3.12-3.16. For balance, an evaluation of Labour (97-2010). kzfaq.info/get/bejne/rJuZeZWkldvQoWw.html

We are now reaping what the Cameron and Osbourne era sewed. In a time when money was practically free we should have been investing in infrastructure like roads, rail, hospitals and school etc and invested in education and training. We could've provided jobs, boosted the economy and set ourselves up for growth and made the UK a destination for business. Instead we have had a lost decade (or two I suspect) because of Tory ideology that has only been compounded by the disaster of Brexit. Yet people will still vote for them, the mind boggles. You cannot cut your way to growth, that has been proved time and time again.

Remember, it's only called "benefits" when it's given to the poor. When it's given to the already wealthy, or to a business, it's simply "incentives".

3:12 got an encoding error there

So austerity made everyone’s lives worse, stalled the economy and actually increased our debt. Its almost comical incompetence

UK's real problem is that it has not fully and properly transitioned its politics from that of a colonial power to that of a normal country commensurate of its own size, despite the 75 years of time past since WW2. This is evident from UK's high profile involvement in the Ukraine conflict, and the Asian NATO (AUKUS).

Zero seats!

Yougov has the best pollster track record and that has Labour 27% ahead, into the election campaign. Labour are trending upwards. But LibDems in 2nd place in 90 odd seats, of which 80 are Tory to take and only one is Labour ( Sheffield Hallem), the rest mostly SNP. Vote tactically!!

14years of hell under a Conservative Government who lacks the maturity and wisdom to Govern well. Sadly our young are the people who have been left behind and disenfranchised. The law needs to be changed to protect the country and the people from incompetence such as we have been forced to endure. We the people should have the power to call for an election when it becomes obvious that a government is failing us.We are all tired of the lies misinformation and reckless decision making that has adversely impacted all of us.

To add to the £25 billion or so in providing housing benefit you have to add in the cost to the Treasury, and therefore to the taxpayer, in refunding to the BoE their QE costs of another £25-£30 billion a year . One arm of govt supports assets like house prices with QE and another arm of govt supports the chaos of the resulting soaring house prices with housing benefit. Complete madness and mismanagement.

Thank you for taking the time to make this video; I was 16 years old when the Conservative government came into power and I'm 30 years old now. Content like this does well to contextualise the political and economic landscape many young people have been subject to for over half of their lives.

When Labour get in power things will carry on the same & they will announce soon after that the books are in a worse shape than first thought. More austerity - there is no other way without taking on more debt.

Michel Barnier, the chief brexit negotiator of EU, was specifically instructed by the EU council that UK could not have any benefits of EU that members who pay their fees have. UK could never have had single market access as members have and being in the customs union of EU was impossible for so many reasons but I give you one. it is the EU commission that negotiates all the trade and other agreements EU has on behalf of the memberstates. When UK left EU there were 759 different agreements signed by the EU on behalf of the member states with 168 countries. 295 concerned trade, 69 fisheries, 65 transport, 49 customs and 45 nuclear issues. Turkey has a bespoke customs union with EU wich would perhaps be possible to negotiate. Norway is together with Iceland and Liechtenstein in the EEA agreement with EU. UK as a third country cannot get access like Norway has. After Brexit, the UK, not being a member of EFTA, and not anymore an EU member, could not be an EEA member and could not be a candidate to become one. Article 126 of EEA states that the Agreement shall apply to the territories which the Treaty establishing the EEC (today the EU) is applied and to the territories of Iceland, the Principality of Liechtenstein and the Kingdom of Norway . These three States are members of EFTA and, in accordance with articles 108 of the EEA Agreement, have established the EFTA Surveillance Authority and the EFTA Court. Both these institutions are only competent for these three States. Their role is to ensure the fulfillment by the EEA EFTA States of their obligations under the EEA Agreement. They are not competent for Switzerland, despite this country being a member of EFTA. UK as a third country cannot establish these institutions outside the EEA agreement. Procedurally, in order to become a member of the EEA the UK would first have to present its candidacy and negotiate and conclude an accession agreement to become an EFTA member according to article 56 of the Convention establishing the EFTA. This is because the EEA cannot apply to non EU member States, with the exception of Iceland, Liechtenstein and Norway, precisely because they are members of EFTA according to article 126 of the EEA. Thus, the UK will have to negotiate an accession treaty to EFTA with the four members of this organisation: Switzerland and the three EEA EFTA members. Once becoming an EFTA member, the UK will then have to negotiate an EEA accession treaty with the 31 entities which are members of the EEA: the EU, its 27 member States and the three EEA EFTA members. The Parties could agree to proceed to both negotiations at the same time. This is purely hypothetical since Norway and Iceland do not want UK in EFTA.

Watching this video just makes me feel sick… Every opportunity lost for 15 years. A shame.

You should split this into shorter videos that can be shared. The quality of comment and graphs are brilliant but most folk don't have a long attention span these days and need to process one concept at a time. But you are awesome.

Appreciate your videos and your channel superb work. This video is nothing we don;t already know however its good to see sources and factual information to back up the feeling. Lets make this the end of the Tory party ! Sadly though Labour will be no different , we need radical new ideas, not the same old hat .

Fantastic video as always

Appreciate your videos but your having video/sound problems at times.

A great summary 👍

Help to buy was the worst, could they not guess it was going to drive up prices? where was the 'help to build' starting a new self-build sector similar to Europe where there are far more self-builders. With council houses the policy should be 1:1 for everyone that is sold one must be build. But beyond that government should be funding council house building. Maybe rather than spend another 0.5% of GDP on the military put that into council houses. That 15 billion a year would build 100,000 council houses. That would go a long way to stopping housing supply issues in the uk.

Very informative, thank you.

Thank you, you are often my go-to source for fact checking these matters

I totally agree, the problem we have is the politicaly inept constituents that keep voting conservative.

This is a most thoughtful parsing of the current gloom. Economic shocks X shifting policies X wrong choices. Labor force participation declined, immigration went up. Pre-Brexit many immigrants were highly skilled Europeans drawn to London’s premier finance sector. Post-Brexit, many immigrants fill the low-level jobs empty from labor participation withdrawal. These are low productivity jobs.

How is it possible a whole government can be influenced by one paper (later discredited) to decide the shape and form of a whole country’s economy!?

Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash

Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator

Just a reminder that nurses and doctors salaries are about 40% less than they were when Labour were last in power. Foreign nurses also get bigger salary packages compared to British nurses. Be outraged

Public sector wages declining for 30 years, is it surprising people are not spending the money they dont have?

Thank you for the recap. Can you do another one about the future if the Labours is in charge ?

Crunch the numbers and it's not just the last 14 years under Tory rule. If you fact check our economy you'll clearly see that the pound has gradually decreased in value against the dollar since the end of WW2, regardless of whether the Tories or Labour were in charge.

The Tories' repeated failures at competent economic management over the past 14 years is an indisputable fact. They have deliberately pursued ideological policies that have undermined growth, public services, and Britain's economic standing. It is a fact that their policies like deregulation, dismantling international economic cooperation (Brexit), and prioritizing profits over investment have hampered growth, trade balance, and economic efficiency compared to other European nations. The government's disastrous mini-budget inflicted by Liz Truss has caused financial market turmoil, forcing the Bank of England to intervene and increase borrowing costs for the whole country due to unbelievable financial "incompetence". The Bank of England was then obligated to prevent excessive pound weakness or volatility by raising interest rates, despite forecasting economic stagnation. Supporting sterling's valuation and meeting market expectations was obviously a priority, although they may have stated otherwise.

Osborne maybe didn't know at the time that the money's all gone joke was a standard played by every outgoing government.

A super video 🎉

great to get expert opinion instead of political spin. The government have certainly fallen short over the past 14 years. What amazes me is their continual insistence that the plan is working! Time for change indeed....

None of that stuff affects the well off, so from their point of view it's all been a great success

Nearly all what we have seen from austerity, Brexit, stagnation in productivity and wages, decline in public services, yet a surge in the wealth of the affluent is all part of the ongoing neoliberalistic project. There are few signs that any of this will change under Labour.

Who really benefits from, and own, the politics, media and business Can you address that directly?

13:35 Public sector workers *always* lose out under a Tory government. 14:05 The Government _has_ increased tax for pensioners by not raising allowances with inflation, yet reducing NI - which we old gits do not pay.

Tory austerity brought the nations borrowing down. In our best financial year we only borrowed £700 million which in the context of government's usual level of borrowing is practically zero. Unfortunately there was much general bellyaching about aspects of the policy. The opposite policy of print and spend has been tried and does not bring prosperity only more debt. I'm sure we will all have a ring side seat to watch the forthcoming Labour government take its turn to waste our taxes. Only a crisis will eventually make governments put the finances of Britain first above their political ideologies

Great video!

Great analysis as always. Thanks.

Could a medicinal/recreational cannabis scheme along the lines of a State like Florida’s be a viable, long-term replacement to UK nicotine levies? I’m a young “Florida Man”, but most of my fellow consumers in the medicinal shops are older (thus, a taxable item weighted to the demographic shift- especially for the non-smoking, value added goods).

To keep things balanced surely its worth looking at the previous Labour government? Unless you have done that and I cant find the video.

This is one for people with poor memories. When the Conservatives came to power in 2010 Britain was starring into an economic abyss according to Andrew Marr.

3:13 audio cuts out for 5 seconds

I just don't understand why 'economists' show graphs of prices of things (like property) in nominal terms. They should compare in real-terms. You'll find property prices in 2024 at the same level as 2013. Conclusion - property prices have not risen in the UK in real-terms.

How dare you blame the Asian population! Oh, the AGEING population 😂

I don't think any of it was luck. It was all calculations and greed.

I never hear anyone talking about the vast untaxed income that home owners get when selling. Many homes are not subject to stamp duty and stamp duty is not comparable to income tax. It seems unfair that first time buyers have to compete against previous home owners that are putting down tax free money when a first time buyer has paid income tax on their deposit earnt with a job.

Oh, I love you guys, the best market analysis! Seriously, why not mention Eledator?

Only the English can have an austerity program where government spending goes up every year.

just plain old incompetence

This idea that public sector works lose out when their pensions include over a 20% top off from the government and in retirement their pension is inflation linked is hilarious. Deluded. Public sector pay % increase should never rise above private sector pay increases.

The UK pays over £100bn a year on debt interest. Yes, let's just keep borrowing and hope this sorts everything out, genius!

There are no labour shortages and never have been. If there were wages would be going up

Sorry I thought the decline started well before that date ?

if the tory era economic woes are due to external shocks, then so was the 2008 financial crisis. If 2008 was all the fault of labours economic mismanagement, then the same is true of the tories now. Pick a lane

Suppose things had gone well over those 14 years. Wouldn’t house prices and rents be even higher now? If not why not? If yes then I struggle to see how the poor would now be significantly better off. Only property owners would be significantly better off no?

Whether the richest in society are richer this year than last should not be of interest. How we measure growth should reflect improvement or otherwise in living standards for the poorest.

UK incentivize unemployed people? then why work?

Good video.

I bet the loss is 60 billion pounds!

The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?

Basically, it won't be totally wrong to say that the greedy Tories have throttled the golden eggs laying goose

Low growth in wages is a result of practically unlimited immigration into the UK. The increase people and the demand for accomodation pushes houses prices and rent up as well

Well there are a few good outcomes from Brexit like higher wages and more abundant jobs which I think a lot of people in the UK wanted and they achieved it with Brexit. For sure the outcome of higher wages and limited supply of educated EU manpower has been higher inflation, possibly lower GDP and shortages of manpower but that is the outcome that perhaps the people wanted who voted for Brexit and placed the conservatives in power. The funny thing is that the outcome may only unfold in the next 4-8 years which could be under Liberals and give them the credit for it. The UK has however issues that neither side appear to focus on like releasing land for large scale development of new cities and housing, you can't have both balance in price and limited supply, it is either or. UK also has a chronic concentration of higher wages in just a few cities but that might be a curse of island nations which Japan and Taiwan and New Zealend all suffer from as well and countries with limited land for settlement like Australia and Canada and Korea.

When you govern for the narrow, selfish interests of the very wealthy and adopt short sighted economic ideology this is what happens. The Tories drastically cut government spending, many businesses that provided goods and services to govt went bust, put millions out of work who no longer paid tax, didn't have surplus money to spend on local businesses, and ended up on welfare, what followed was no surprise. This happened under Thatcher who centralised money supply and caused the closure of manufacturing industry. Then her govt deregulated the capital markets so all the investment, technology, manufacturing and skilled jobs flowed out to the cheapest sources of production in countries which are protectionist and never practised free trade. They did not honour GATT and later WTO rules, and the UK, US and other developed economies had massive trade and budget deficits. How massively stupid they are.

A mistake repeated more than once is a choice.! (P. COELHO.)

Help to buy allowed big developers to make plenty of cash though!

Thankyou for your unbiased analysis. It is very rare these days!!

God is fair!

Labour chancellor left a note saying there is no money left and sold the U.K. gold stores. Hilarious stuff.

Those net migration figures are awful to look at. In the space of 20 years my childhood home has 3x in value i.e. cost.

Lol. So the conservatives have sent the country backwards following the economic collapse in 2011? 😂😂😂😂😂

They thought the free enterprise will fill the gap and it didn’t. Dogmatic incompetence I call it. We ended up with the worst of all possible worlds. Not only the private sector didn’t pick up but now the country is even less attractive (Brexit et al) for fdi. Debt is higher so not even the public sector can step in. The fact that all these 14 years were at a time with record low interest rates is criminal.

Don’t forget Brexit! This was the straw that broke the camel’s back! Shame!

#ZeroSeats

Liz ❤️

And how will labour fix it?

Whats the point in me working harder to get 60% marginal taxes. Its better for me to not bother.

Bad choices - simple.

Consevatives have been in powerfor fourteen years.....ample time for Labour to have come up with fantastic plansfor their win??but no .......nothing zilch

Lions led by Donkeys

Well, while the border checks are so poor, this is the time get entrepreneurial. Smuggle all the drugs in while you can, because the way things are going, I'm pretty sure there's going to be a lot more drug and alcohol use.

#ToriesOut #VoteTactically

'There were alternatives to the hard Brexit chosen, in the referendum, many leavers gave the impression we could stay in the Single market, the customs union was barely mentioned' Mostly enjoy Tejvan, but still peddling this tired old disingenuous BS after all these years really annoys me. Referenda are, by definition, binary. The 2016 Referendum question was, 'Should the United Kingdom remain a member of the European Union or leave the European Union?' It wasn't a suite of cherry pickable options or an MCQ paper for a good reason, just as the 1975 Referendum (held years after the fact) wasn't. “Do you think the UK should stay in the European Community (Common Market)?” Nor were ANY of the campaigners on either side in a position to promise ANYTHING. The single market and customs union are essential components of the European Political Project and leaving it was essentially a political act NOT an economic one. Due to its structure and ratcheting inevitable direction of travel one can no more be 'a bit in it' than be a 'a bit pregnant'. So please, just change the record Tejvan.

And yet UK growth since 2010 is 21% against Germany's 18% , France's 14% and Italy's 4%. Even allowing for increased population we're just behind Germany a little. Some disaster.

Kamikwasi

Do you just say the bad things about the UK economy

Complete Tory ineptitude

Total disaster

Let's hope Labour get in! That should finish the Uk off nicely & let's watch the property market decline for years ahead!!

Housing being termed as a shortage of supply is a little misleading. As a nation we have been building ~200000 houses a year for 30 years. This would be ample to replace lost stock due to damage, and with a national birth rate of 1.65 children per woman the national population should be declining slowly. Immigration in the hundreds of thousands for 20 years has fuelled the housing demand. Our housing stock is some of the oldest in the world, many properties being Victorian and Georgian, meaning we don't have many houses being condemned or falling into disrepair in any great quantity.

.....conservative....😂

Torries or Labour, it doesn't matter whom you vote, because you can't choose the politicians, they are chosen for you. There is a ruling class and us, the rest doesn't matter.