Can Keir Starmer fix the UK economy? | DW News

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DW News

DW News

4 күн бұрын

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

Пікірлер: 114
@jammydodger1449
@jammydodger1449 3 күн бұрын
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
@loryteck
@loryteck Күн бұрын
Especially when he said we still have colonies 😂
@jaques2510
@jaques2510 3 күн бұрын
I'd like to be optimistic...
@colinsmith1288
@colinsmith1288 3 күн бұрын
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.
@koen6903
@koen6903 3 күн бұрын
The EU will never give the UK the same trade deal they had, its a dream that will never happen..
@gluteusmaximus1657
@gluteusmaximus1657 3 күн бұрын
After all the insults and lies towards the EU, there is no chance for some time. You are right.
@colinsmith1288
@colinsmith1288 3 күн бұрын
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.
@koen6903
@koen6903 3 күн бұрын
@@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.
@colinsmith1288
@colinsmith1288 3 күн бұрын
@@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.
@deanosaur808
@deanosaur808 3 күн бұрын
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 😅
@jabberwockytdi8901
@jabberwockytdi8901 3 күн бұрын
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.
@kuladhikari4906
@kuladhikari4906 3 күн бұрын
Before economy they should adapt good policy because its failure of policy.
@QueenetBowie
@QueenetBowie 3 күн бұрын
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.
@igypop.
@igypop. 3 күн бұрын
that is just garbage.., re-join EU and there is your problem solved..
@clam3822
@clam3822 3 күн бұрын
How about attract outside investors?
@syncmonism
@syncmonism 2 күн бұрын
@@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.
@ramakanthrama8578
@ramakanthrama8578 2 күн бұрын
@@clam3822 why would they invest in UK over other developing countries which have greater incentives and cheap labour for manufacturing etc?
@gomey70
@gomey70 Күн бұрын
@@clam3822 Just having adults in charge again will help boost foreign investment. Big business doesn't like political instability.
@Kiwi-Ahh-Nah
@Kiwi-Ahh-Nah 2 күн бұрын
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.
@101yayo
@101yayo 3 күн бұрын
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.
@ambessaseway5594
@ambessaseway5594 Күн бұрын
Large numbers of billionaires&millionaires in uk are immigrants
@eXclusive1
@eXclusive1 Күн бұрын
I like this idea
@Elliott_Wave
@Elliott_Wave Күн бұрын
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.
@jebbo-c1l
@jebbo-c1l 3 күн бұрын
there are many Switzerland like bilateral deals the UK can do with the EU and should do
@michaelpilos
@michaelpilos 3 күн бұрын
Rejoin! And Be A Teammate 🇪🇺💙🇬🇧
@Optimistic-101
@Optimistic-101 3 күн бұрын
@@michaelpilos no thank you. Going too ‘right’ for my liking.
@colinsmith1288
@colinsmith1288 3 күн бұрын
We are not wanted so we will not return.
@Optimistic-101
@Optimistic-101 3 күн бұрын
@@colinsmith1288 skipping over the horizon 😂😂
@colinsmith1288
@colinsmith1288 3 күн бұрын
@@Optimistic-101 We are not returning. It is what it is.
@Optimistic-101
@Optimistic-101 3 күн бұрын
@@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.
@KS-zd4ew
@KS-zd4ew Күн бұрын
also get out of funding wars that benefits USA
@alexlawcb
@alexlawcb Күн бұрын
No, UK is spiralling down.
@Kwippy
@Kwippy 3 күн бұрын
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.
@colinsmith1288
@colinsmith1288 3 күн бұрын
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.
@eskimo4130
@eskimo4130 2 күн бұрын
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.
@deano_bites
@deano_bites 3 күн бұрын
How about start manufacturing scrap red tape get people working again ????
@gomey70
@gomey70 Күн бұрын
Unemployment isn't the problem, low wages are.
@magooccna
@magooccna Күн бұрын
​@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.
@np2917
@np2917 2 күн бұрын
Who ever win, British down turn would not stop 😁
@alrxandersmiths242
@alrxandersmiths242 2 күн бұрын
The uk should just join the USA
@geralldus
@geralldus Күн бұрын
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?
@user-xh6th5st4q
@user-xh6th5st4q 2 күн бұрын
Lost trust from EU. Chosen to be withdrawn rather than embracing the hardship together. Hard to expect the same trade deal tbh😢
@samsungtap4183
@samsungtap4183 3 күн бұрын
Send more money to Ukraine they need it more than the UK
@alantran1914
@alantran1914 3 күн бұрын
No!
@archiemcberry7102
@archiemcberry7102 3 күн бұрын
The UK is at the mercy of the EU.
@acbgames1766
@acbgames1766 2 күн бұрын
The Brits chose that. They vaguely thought: better be at the EU's mercy than be part of it.
@user-mr1ny4ez4t
@user-mr1ny4ez4t Күн бұрын
McDonald',Pizza-Hut&Stixzy&Pagzeez prices can be increased for current sales!👍
@cenationofjnu
@cenationofjnu 3 күн бұрын
short answer. NO.
@okinwonderland9734
@okinwonderland9734 2 күн бұрын
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.
@user-ke8mc2gr4k
@user-ke8mc2gr4k 2 күн бұрын
WOW UK
@user-mr1ny4ez4t
@user-mr1ny4ez4t Күн бұрын
UkranaKonka's Gold&Great-Britain&UK Golf can be sold easily!👍
@alter1237
@alter1237 3 күн бұрын
more tax Finally!! woohooo!
@clam3822
@clam3822 3 күн бұрын
Is that the sound of you leaving?
@alter1237
@alter1237 2 күн бұрын
@@clam3822 maybe you'll leave first lol
@peterwong8401
@peterwong8401 2 күн бұрын
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?)
@solarpower3934
@solarpower3934 2 күн бұрын
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
@robertscahill7987
@robertscahill7987 3 күн бұрын
hahahaha the UK is done lol
@colinsmith1288
@colinsmith1288 3 күн бұрын
Funny that. You need to know Uk history to know the Uk always survives .
@jakeroper1096
@jakeroper1096 2 күн бұрын
@@colinsmith1288Scottish independence grows every election cycle
@colinsmith1288
@colinsmith1288 2 күн бұрын
@@jakeroper1096 Yet they voted labour. A unionist party.
@mutkaluikkunen3926
@mutkaluikkunen3926 Күн бұрын
@@colinsmith1288 Surviving is one thing, thriving is another.
@colinsmith1288
@colinsmith1288 Күн бұрын
@@mutkaluikkunen3926 The Uk is looking for trade alignment nothing more.
@windsong3wong828
@windsong3wong828 3 күн бұрын
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.
@deanosaur808
@deanosaur808 3 күн бұрын
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 😅
@auldfouter8661
@auldfouter8661 2 күн бұрын
Silly - India is the worlds 5th economy by size and is growing at breakneck speed.
@windsong3wong828
@windsong3wong828 2 күн бұрын
@@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.
@lessparks8553
@lessparks8553 3 күн бұрын
Nope
@mrbecker7628
@mrbecker7628 2 күн бұрын
RE ENTER THE EU. THATS THE ONLY SOLUTION
@rayc9539
@rayc9539 27 минут бұрын
Puppet starmer claims we won't join in his lifetime, remember?
@user-wj7cv9hb5j
@user-wj7cv9hb5j 2 күн бұрын
Pms biggest challenge.. explain what a woman is and where men should go to the toilet.
@user-is1eu4gu4t
@user-is1eu4gu4t 2 күн бұрын
Who do 🔔 to 🐈 🤔 🐀
@fandyllic1975
@fandyllic1975 3 күн бұрын
Brexit.
@lovechineseforever9434
@lovechineseforever9434 Күн бұрын
BREXIT RACISM LAZINESS
@snizami
@snizami 3 күн бұрын
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.
@VictorLejarsa
@VictorLejarsa Күн бұрын
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…
@inakiz
@inakiz 2 күн бұрын
Colonial links 😂😂😂 the truth came out, I wonder what the former colonies native people think about “migration”
@pumalee1997
@pumalee1997 3 күн бұрын
Europeans are obsess wit war,not economics.🙄
@deanosaur808
@deanosaur808 3 күн бұрын
You seem to be obsessed with Europe politics 😉
@jimbaranresidence8
@jimbaranresidence8 2 күн бұрын
Yeap.. stop givin away $ to comedian to burn the sky..
@user-ih3ee5wn6v
@user-ih3ee5wn6v 3 күн бұрын
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.
@user-rx6fx5hm7g
@user-rx6fx5hm7g 3 күн бұрын
The population of the UK is 68 million?
@user-ih3ee5wn6v
@user-ih3ee5wn6v 3 күн бұрын
@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.
@colinsmith1288
@colinsmith1288 3 күн бұрын
​​The Uk has 650 parliamentary seats.
@colinsmith1288
@colinsmith1288 3 күн бұрын
The Uk has about 70 million people. There are 650 seats in parliament.
@VeraciusYT
@VeraciusYT Күн бұрын
Not every person is in age of voting either. Your data is all wrong.
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