Why is Everything Failing Apart? - Questions on UK economy

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Күн бұрын

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Questions in Video
0:00 Why is everything failing apart?
5:03 Is it time to move to other countries?
6:33 What is the comparison of UK and Australia economies?
9:09 Can we protect ourselves from the never-ending economic disaster?
10:07 Should the UK government worry about its credit rating?
10:26 When should you worry about your debt to GDP level?
12:45 What would happen if the U.K. paid off the national debt?
15:26 How can economy do more to support wellbeing and environmental sustainability?
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@economicshelp 3 ай бұрын

Thanks for questions and comments. This video goes into more detail on the 'long recession' UK economy is currently in. kzfaq.info/get/bejne/qt2Cg7iTmM3ZdWg.html

@BenJamin-rt7ui 3 ай бұрын

>55% of UK wealth comes from merely the right to exclude others from a part of this earth. If that were all taxed away by fully taxing land's rental value, equality issues, like housing would be solved overnight. And, by not taxing output, a huge deadweight would be taken off our economy. It's only the ignorance of the public that stops politicians from enacting this transformational win-win. If "economicshelp" wants to help, why not discuss this? I'm here to help if you need a hand.

@SunofYork 3 ай бұрын

@@BenJamin-rt7ui Voodoo economics.....

@nettcologne9186 3 ай бұрын

Unfortunately, you keep using old numbers. People in Germany earn far more than is shown in your graphics. You are poorly informed and therefore your information is not as up to date as it should be. Stop constantly using incorrect data and become better informed!

@scottparker9688 2 ай бұрын

@@nettcologne9186 The irony of you saying others are poorly informed. Had to laugh at that.

@Only1Steven 28 күн бұрын

This does not only occur in Europe. The difficulties that the current generation faces are quite depressing. I wanted to know how to use some money that I had. I used a small portion of it for online sales, but that failed. Though I'm not sure which direction to take, I'm considering how to use the remaining funds for investments.

@cesarmurph 28 күн бұрын

I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.

@iamlaurenmoe 28 күн бұрын

Yes, it is correct. It's merely one step further than the numerous failed enterprises I have tried. Remain optimistic. In addition, it's important to choose a financial advisor that can accommodate your unique demands if you do decide to engage with one. I discovered this via experience before settling on one for good. These days, my investments alone bring in six figures, and my enterprises bring in even more.

@Only1Steven 28 күн бұрын

I appreciate the guidance. Are hedge funds what you mean when you say financial advisor? And how can I make contact with one?

@iamlaurenmoe 28 күн бұрын

My licenced fiduciary is "Sharon Ann Meny." Do some research on the name. The information you need to work with a letter to schedule an appointment would be found there.

@Only1Steven 28 күн бұрын

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.

@Riggsnic_co Ай бұрын

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@kevinmarten Ай бұрын

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

@JacquelinePerrira Ай бұрын

I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

@Jamessmith-12 Ай бұрын

Could you possibly recommend a trustworthy advisor you've consulted with?

@JacquelinePerrira Ай бұрын

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@Jamessmith-12 Ай бұрын

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks

@tonysilke 2 ай бұрын

This is not unique to Europe. It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

@PatrickLloyd- 2 ай бұрын

@PhilipDunk 2 ай бұрын

That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with. Now I make six figures from my investments alone, and even more from my businesses.

@tonysilke 2 ай бұрын

Thank you for the advice. When you say financial advisor, are you talking about hedge funds? And how do I get in touch with one?

@PhilipDunk 2 ай бұрын

Amber Dawn Brummit is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@tonysilke 2 ай бұрын

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.

@bigvinny333 3 ай бұрын

Born in 63 in the UK and all i have ever experienced/witnessed is managed industrial, economic and social decline !

@chrisnuk 3 ай бұрын

It's been a relative decline for most of that period, living standards have gone up. This is absolute and it is felt by most.

@georgesdelatour 3 ай бұрын

@@chrisnuk Relative decline in GDP isn’t necessarily bad. We were the world’s first industrial economy, so it was inevitable we’d decline relative to other countries once they industrialised too. The USA overtook us in the 1870s, and it was always going to. It isn’t surprising that Asian countries with giant populations are getting much richer as they modernise. As China, India and even Indonesia gradually overtake us in total GDP, that really shouldn’t worry us. If anything it means they have more potential middle class consumers we could sell to, if we make the right products. (An extreme statistic illustrates the point. In 1946, the GDP of the USA equalled half the GDP of the planet. This was largely because all the other industrial economies had been devastated by war. From that perspective, the US economy has been in constant decline since then. But that’s obviously a perverse way of looking at it, because the USA ultimately needed the world’s other economies to revive and prosper if it was to trade with them.) We should only really care about GDP per capita. And recently, that’s been bad. British people are, on average, poorer than they were before the 2007 crash.

@ecognitio9605 3 ай бұрын

Brief rays of light in the 80's, 90's and early 2000's.

@Patrick-jj5nh 3 ай бұрын

@@ecognitio9605 yea there was a period in 90s and early 2000s which had sunny spells, lucky to have been born myself just before that time, but it was a massive self-deception to believe these times could last while all else was ignored and underinvested.

@monipenny408 3 ай бұрын

Thanks to Thatcherism no doubt.

@mohammadcheema7375 3 ай бұрын

This is where economics reaches its limit. We know the UK has low growth but the wealthiest are even richer every year - like clockwork. So growth isn’t the prime issue. It’s the distribution of wealth that is more important for ordinary people. Sadly “growth” has become an elite code word for “it’s your problem mate - not mine”.

@233kosta 3 ай бұрын

"Growth" has been a Ponzi scheme from the start. Chasing growth alone without even considering profitability is a bit like tactics without strategy (if you know your Sun Tzu). The long-term solution is a profitable economy that doesn't rely on "growth".

@franekspeak953 3 ай бұрын

It's both growth distribution and high taxation of the work related income: 1) income-wise working people are heavily taxed on salaries and, as they spend almost all they earn, additionally highly taxed on their consumption. The solution would be to tax everyone more equally/fairly so everyone pay their share. 2) unequal grow distribution really hits the poor through inflation - because of high asset inflation those who don't own anything are getting relatively poorer (are able to afford less and less for their income). Therefore, growth gains are being "eaten up" by inflation and only those holding assets are profiting from the economic growth. The solution would be to stop borrowing/printing money as crazy

@233kosta 3 ай бұрын

@@franekspeak953 I would add that inflation-driven "growth" is no growth at all. The value hasn't changed. Only the arbitrary number assigned to it has. Too many people still measure value in pounds or dollars. Those are not objective units of measure, they're entirely arbitrary. Getting people to base their decisions on them rather than objective value has been the biggest con in recent history. And it's worked a treat for the elites.

@stephfoxwell4620 3 ай бұрын

Inequality stifles demand

@233kosta 3 ай бұрын

@@stephfoxwell4620 Ironically, the "wealth" of many of these influencers, and some (on paper) billionaires is completely fake. Electric Jesus for example still has most of his so-called wealth in the Tesla bubble. And he spent what he pulled out of it on butchering tw@tter (which is somehow still holding on). A bunch of others have huge mansions, but they're leveraged up to their necks, so they don't actually own any of it. An average Joe who inherits his granddaddy's land and farm has more real wealth than most of these influencers with huge memecoin wallets and rented Lamborghinis. When economic conditions change, their Ponzi schemes collapse and they're left on the street, the guy with the farm will be laughing. This sort of thing happened in my country in the late '90s. The currency got devalued by several orders of magnitude. Everyone who'd saved up to that point, sold houses to "invest", etc. eded up with nothing. People who'd held onto the little land and small flats they had suddenly ended up in a much better position. Hard assets are a pain when you need cash, but their value is real. Unlike bits of paper with ink on them, whose value is equivalent to people's confidence in the bank that issued them. Central banks and governments may be huge, but even they are not immortal.

@GIRUxGIRU 3 ай бұрын

Nothing quite like an economicshelpuk glum forecast to accompany me on this fine grey and soggy English morning.

@fortune-cookie-monster 3 ай бұрын

Don't forget the cold!

@l0dgey 3 ай бұрын

pretty sunny here

@56Model30 3 ай бұрын

Fortunately, unlike the weather we can do something about the economy. Unfortunately, it wont happen under the current Tory government.

@newsoftheday420 3 ай бұрын

From Empire to irrelevance

@swojnowski453 3 ай бұрын

the natural cycle, every empire falls apart, especially ones built on temporary technological advantage

@Guitar6ty 3 ай бұрын

In less than 14 years.

@BYD-Gold 3 ай бұрын

@@Guitar6ty The British Empire died as "Global Empire" in 1950s - 1960s tbh. It became a small island country after that. 1997 solidified it.

@Boghopper9999 2 ай бұрын

To be fair, pillaging and colonising other countries is typically frowned upon these days

@jonsimmons4150 2 ай бұрын

2nd biggest economy in europe.. 6th in the world.. Nuclear powered and armed country with 2 carriers and a fleet of latest tech home engineered state of the art nuclear subs.. " irrelevant" Jog on, ur a remoaner.

@vitmart 3 ай бұрын

People in uk not living they existing Constant stress of what next day post or email will bring ..

@lewisjones4158 3 ай бұрын

Plus with the woke agenda everywhere you look it's really hard to express yourself in this day and age without feeling paranoid. I'm not a racist or homophobe in any way. But it really feels like you have to tread on eggshells - ironically not to people of different races or sexual orientations, but to your peers of the same race and sexual orientation. The woke agenda has done nothing good for this country. Just pushed everyone apart.

@swojnowski453 3 ай бұрын

they are not existing, they accept things as the come, show some backbone things will change or keep accepting what profit seekers from around the world hand in hand with the gov are throwing at you.

@l3eatalphal3eatalpha 3 ай бұрын

Some. But not all, there is enough for the some.

@vitmart 3 ай бұрын

@l3eatalphal3eatalpha yeh but every day to that 'some' joining more and more.

@penn7853 3 ай бұрын

I live between Australia and the UK, on lower middle class wage. Australia is WAYYY better off than in the UK. True, Australian housing crisis is very real, but general standard of living is much higher in Australia. Theres a lot of self entitlement in the UK, such as being on benefits (much harder to get and maintain in Australia, they make you work even with serious disability, if you can use a phone or computer at all, for example), so much spending, and nothing coming in. The problem in the UK isnt just the politicians, its the culture and attitudes across the board - everyone complains, no one is willing to make the changes needed. Long term, UK is in big trouble.

@stevenmorris2293 3 ай бұрын

@penn7853 I agree. I moved to the US from the UK. And while there will always be people that just will not work and use any excuse, you have to stand on your own feet here in the US. Strong working culture and desire to improve your life. Growing up in the UK I always felt that was somewhat discouraged.

@Talushallux1 3 ай бұрын

@penn7853. Agree. When reminded how low the standard of living in the UK has become over the last few years, people keep comparing to Germany or France or Italy. I have been to all three, and trust me, there are no boarded up shops and this level of poverty and homelessness. For 4000 GBP ( cost of London area only travel card), one can get an all-German annual train travel card. Your second point is even more poignant! The work culture borders on laziness, and someone faking work and trying to siphon off benefits, will be taken to task almost anywhere else in the world, much less in a capitalist country like Australia or America! And people wonder why there are so many millionaires in the US! Most work their backs off to succeed in life! That attitude will always be absent in the UK!

@zuzanazuscinova5209 3 ай бұрын

@@stevenmorris2293this is a wider European problem. Competition and overachieving is not encouraged. Why bother when 50% of the next euro you earn goes to the government? Social programs are great in theory, I guess. But long term they absolutely kill economic growth.

@zuzanazuscinova5209 3 ай бұрын

@@Talushallux1that's exactly right. Let's be real, the UK workers are simply lazy. It's a cultural problem. I worked in global corporations and comparing the work ethic between SE Asians and Europeans is like a night and day. This was the same theme among various employers.

@pincermovement72 3 ай бұрын

Joel Davis an Aussie nationalist spelled out the housing costs against wages , it actually sounds a lot worse than here . Also the 300,000 Indians being allowed residency will not help housing or wages as well as social cohesion. All anglosphere countries are being invaded and deindustrialised and I would like to know why ?

@melvinpackham7490 3 ай бұрын

The difference between the Tories and Labour is that the Tories make no secret of their preference for improving the wealth of the richest people in society. In contrast, Labour hide the fact that they favour the rich over the majority of less well-off people. The end result is the same.

@jastat 2 ай бұрын

If that's true then why does the top 10% of earners in the UK pay the highest proportion of their income in tax historically Vs the other 90%. Sorry to burst your bubble but the mythical rich people you envy so much aren't so rich anymore under the tories

@worldofameiso5491 2 ай бұрын

The rich always find ways to reduce their tax burden, they can afford to pay good accountants and tax lawyers.@jastat

@TalesOfWar 2 ай бұрын

The results of the last Labour government don't agree with that assessment.

@jarodarmstrong509 Ай бұрын

@@jastat similar statistic here in the US. Freeloaders at the bottom whining about how the rich who subsidize their lives don't pay enough

@10secondsrule 3 ай бұрын

I’ve arrived to the U.K. in 2003 as an architect and until 2008 it was a decent country to be in - at least I could see year to year things were improving for me. After 2008 I was never able to managed to make any significant savings despite not going out and living further and further away. In 2012, tired of ever increasing rents and moving a house each year, I’ve “purchased” a shared ownership property before learning what a scam it really is. The biggest mistake of my life - apart of coming to England in the first place but back then I could not find a job in my country. I’ve moved out from the U.K. as it was simply unaffordable to live in 2021 but I am still chained to “my” (not really) property which can’t be sold until the cladding issue is fixed. It still has not happened or even got started. There’s not even a date set for it. I’ve wasted almost 2 decades and came out with nothing but bitterness and sorrows and a debt which can’t be repaid. If you not rich or poor and on a dole this country will ruin you! For anyone who works honestly hard this is hell.

@tomjardine100 3 ай бұрын

Uk was great until 2008, but that's where the decline really started

@annazimmerman69 3 ай бұрын

I am so sorry to hear about your situation. Please do tell everyone you know that the streets of the UK are not paved with gold, as I am aware that there are still many people fooled by the propaganda about the West (the problems are not just in the UK). I hope very much that you are able to get out of your difficulties soon.

@tomjardine100 3 ай бұрын

@@annazimmerman69 UK will eventually get better but it will take new leadership and radical changes to social, economic policy and the removal of the Conservative party

@annazimmerman69 3 ай бұрын

@@tomjardine100 I would like to think that you are correct, but sadly our problems are too deeply entrenched. We have been a rentier economy parasitic on the efforts of others since the 1700s, and getting out of that pattern is completely beyond the talents of our current crop of politicians, or indeed the bulk of the population who are quite unequal to the task. To see the problem as purely one of any specific party is quite wrong. Labour will come in and flail around making terrible mistakes, just like the Conservatives did - and our standard of living will carry on sinking, as it has been doing for years. For a while the availability of easy credit and cheap consumer goods from abroad disguised the fall in real incomes, but that has just resulted in sky-high asset prices, ballooning deficits and further impoverishment.

@Samuel-hd3cp 3 ай бұрын

Anna you talk a lot of sense.

@yesmarioo 3 ай бұрын

As a European, l can tell you the root cause of the UK issues are: 1) The two party political system that blocks the emergence of other ways of thinking and doing politics 2) Lack or decentralisation and local (town level) mayors. You cannot have nice towns without proper mayors. Most of Europe has city level mayors that stay in power if they do a good job or get booted out if they do a poor job. 3) Because of point 1, there is a lot of incompetence in city councils. You cannot have efficiency if the councillors have no fear of losing their job or have been on the same position for decades. Look at Manchester for example. Manchester has had the same faceless council for decades. You cannot have nice things when the people in power don’t care because they can’t be voted out. 4) Waste - l truly believe 25% of the UK budget is basically wasted and lost to inefficiencies in the NHS, education, etc. Unfortunately the UK is the country where everything is 2x as expensive for half the quality you’d get in other countries.

@albertodejuan6104 3 ай бұрын

I'd add the extremely generous benefits system

@piccalillipit9211 3 ай бұрын

Im British and living in Burgas Bulgaria - Our mayor is AMAZING - the city is BOOMING its a happy vibrant place but housing is still affordable as they build new and replace old stuff with new high density apartment blocks

@wolfy8006 3 ай бұрын

Its like the end of strong empires, whether it is pinned down by old ideas, inefficient bureaucracy or out of date traditions.

@Robbo1966 3 ай бұрын

Tax the rich more, that’s where is all going

@malthusXIII-fo3ep 3 ай бұрын

Looks like the excellent and outstanding Tory Mayor in Birmingham, Andy Street is soon to be ousted by a complete non entity, faceless Labour nobody. Madness.

@salkoharper2908 3 ай бұрын

I work like a dog every day, at the end of the month, I watch 50% of my paycheck go to my landlord. Do you know what she does with that money? Spends her days sailing round the Mediterranean. The irony is, most of the rich don't give 2 shits about England, they just take the money and run. Me? Well I love England, yet England's system is destroying me and enabling her parasitic existence. When a nation destroys its youth to enrich a parasitic elite. It will eventually descend into poverty and violence.

@gongagong 3 ай бұрын

London?

@salkoharper2908 3 ай бұрын

@@gongagong You have the foresight of a wizard..... But yes you are correct. I lived in Yorkshire for 9 years when I was a young man. I will be heading North again. London is just for the filthy rich and the dirt poor now. The middle class is leaving in droves.

@kennethoram4292 3 ай бұрын

50% of his post tax income, so not much left over for every thing else in the way of necessities, let alone trying to save for a house/flat deposit.

@voodo0983 3 ай бұрын

You are competing with waves of people arriving to the UK, 750,000 net, each year providing serious labour competition while simultaneously competing with you for housing. Your landlord wouldn't be able to charge you what they are charging and your employer would have to pay you more if there wasn't vast number of people being brought to the UK. Everything is set by the market rate. I am renter myself. I don't like it but I know where the problem really lies.

@gongagong 3 ай бұрын

@@voodo0983 Yep, remarkable how everybody tries to blame everything else except for the 15 million low-skilled/benefit dependant third worlders we have imported.

@sinders18 3 ай бұрын

I left UK and now live and work in Ecuador. It's pretty unbelievable how much better my quality of life is here, even in one of the most dangerous South American countries at the minute. My money goes so much further, the culture, nature and weather is better. I wouldn't be surprised if young people start to leave the UK on mass. There's no reason to stay anymore.

@sinders18 3 ай бұрын

@Respect4evry1 what is?

@gizemlikisi6213 3 ай бұрын

@@sinders18 are you working for the uk remotely or working in ecuador?

@sinders18 3 ай бұрын

@@gizemlikisi6213 Working in the public sector for Ecuador.

@neotropos 3 ай бұрын

I have been thinking of moving from UK to South America for some time now. I wish I could speak fluent Spanish and had the courage to go through with it as this country is utterly collapsing 😔

@frusciantesplectrum7980 3 ай бұрын

It’s unskilled immigration that’s diluting our culture and sucking the funds.

@Witnessmoo 3 ай бұрын

Immigration last year wasn’t 700,000, it was 1,400,000. But 700,000 people left the country, including very skilled people like doctors etc. Dubai is full of high skill Brits. Whereas the immigrants we got were low skills Delivwroo drivers etc. We should never forget that economic growth is just people… the quality of people matters a lot.

@LordBathtub 3 ай бұрын

I hate this country, I'd leave tomorrow if I could afford it. My entire life has been nothing but economic woe, wage stagnation and a constant transfer of money to the already wealthy. Its miserable here if you're not wealthy

@MegaCooliam 3 ай бұрын

Thank the EU for crippling us deeply!! Jk

@SunofYork 3 ай бұрын

Try Somalia

@Ernie703 3 ай бұрын

@@SunofYorkoh so because it’s bad there he should be happy here? Grow up

@prosl11 3 ай бұрын

Why the hell would you mention somalia it has nothing to do with the economic situation in UK and if he want to move out he can go to other places stop putting irrelevant things

@SunofYork 3 ай бұрын

@@prosl11 It is absolutely relevant in that he "hates this country", so the first thing one must ask, is where can he go ? e.g. I have US and UK passports and live 100 miles from Canada...so I can live anywhere twixt Hawaii and Colchester without papers.. A Brit who "hates" Britain has few choices coz nobody wants him..

@edenjs1503 3 ай бұрын

Greed & corruption. Large companies own the government and the country is run more for their benefit than the people. While the country and people as a whole are feeling the economic pinch and becoming relatively poorer every year, the richest companies and people are wealthier. Finance is in the hands of the few to the detriment of the many. I moved abroad 25 years ago and enjoy a value for money, stress free life that the UK could never offer. I feel for the people of the UK.

@bigtree6992 3 ай бұрын

Where did you go?

@sfactory8253 3 ай бұрын

Which utopia did you move to ?

@williampatrickfagan7590 3 ай бұрын

Great post. Factual too.

@ubergregmoto 3 ай бұрын

This is also my observation, in a nutshell. Normal people financially abused, communal assets and services stripped.

@ubergregmoto 3 ай бұрын

@@sfactory8253 not utopia, more of a set of tradeoffs you are prepared to embrace. I moved to Poland, which we're told is poorer, but services, infrastructure and community life is in far better shape than the UK. Normal everyday pleasures are easily affordable for most people. Crime and anti-social behaviour is far lower. No culture of debt, so less stress and pressure to maintain a financial house of cards. UK's biggest issue is its feckless, greedy and short-termist ruling class.

@oatzman213 3 ай бұрын

Short-terimism is what will destroy mankind.

@eucitizen78 3 ай бұрын

The UK is not the mankind. (I am not sure if what you wrote was British arrogance again there is so much of it everywhere.)

@adam7802 3 ай бұрын

Well it's certainly destroying Britain.

@oatzman213 3 ай бұрын

@@eucitizen78 I'm talking about mankind, not the UK specifically. Too many leaders of countries and businesses thinking short term is not British arrogance my friend.

@dumbguy1007 3 ай бұрын

Short termism is the 8th deadly sin

@rsacitizen6151 3 ай бұрын

I know some people that have left South Africa to work as nurses and teachers hoping to make more money in the UK but came back to South Africa with more debt and regreted going to the UK stating the high cost of living being the problem

@richardhingston6073 3 ай бұрын

Yes, my GP in Cape Town used to work for the NHS in High Wycombe but couldn't handle the absolutely dead system in the UK. She puts up with crime and loadshedding to get away from the NHS.

@Guitar6ty Ай бұрын

Plus its cold and wet for most of the year. Cold enough to kill the poor.

@knietiefimdispo2458 3 ай бұрын

Per capita growth means nothing unless you remove the millionaires out of the equation. The richest 1% of households in the UK each have fortunes of at least £3.6m. Ask the people on the street if they have £1.0m in fortunes. Then come back with your nice powerpoint statistics.

@piccalillipit9211 3 ай бұрын

My sister has over £1 million and she is totally working class -m she just bought a house with land in 1992 - thats IT. Bought it for £85k. already sold off 2 building plots for £250k and the house is worth about £750k TOTAL insanity - and she admits it.

@damian1690 3 ай бұрын

@@piccalillipit9211Even worse- there are thousands of people who bought Council house back when Tories with Margaret were in power (for pennies) and now are millionaires. Yet, they cannot be called rich, as they wouldn’t even afford their own home if it wouldn’t be for stupid idea of Margaret, who took millions of properties out of a social housing system…

@Garcwyn 3 ай бұрын

That’s why the median is more revealing than the average as a statistical measure. Specially at times of high inequality

@harveymoment 3 ай бұрын

Bingo, econmic theory doesn't account for income inequality. Economy has never looked stronger if you're rich.

@knietiefimdispo2458 3 ай бұрын

During the pandemic 2020/21 the mean income increased while the median income decreased. Maybe some kind of Michelle Mone syndrom.

@YOU-GET-WHAT-YOU-HAVE 3 ай бұрын

I think "Yes Minister" summed it up pretty well

@adi6293 3 ай бұрын

What a show!!!

@MrFrobbo 3 ай бұрын

Never to be forgotten, I need to rewatch all these!

@Lyn-in-Herts 3 ай бұрын

Rewatched Yws Minister last week and NOTHING has changed 😂

@plerpplerp5599 3 ай бұрын

The government's total lack of public investment combined with prolonged tax cuts and cutting public spending has led to a slowdown in overall economic activity, increasing job losses, decreased consumer confidence, and a strain on public services. All these factors have weakened the UK economy's ability to innovate, compete globally, and sustain long-term growth.

@shaun906 3 ай бұрын

that was before brexit!

@georgesdelatour 3 ай бұрын

The government's share of GDP is currently 45%. That's the highest it's ever been in peacetime. The UK's tax burden is currently the highest it's ever been in peacetime. In Ireland the government's share of GDP is just 25%. Their corporate taxes are the second lowest in the EU.

@NoneOfYourBusiness-jb3vw 2 ай бұрын

What tax cuts? Half my income goes to tax because I'm apparently a "high earner", but I'll need to work until 70 to pay off the mortgage.

@TalesOfWar 2 ай бұрын

@@NoneOfYourBusiness-jb3vw You're not rich enough for the tax cuts they've introduced to actually help you. It's for the ultra wealthy, not the working or middle class. It's for the people who are rich enough to not even have to pay tax.

@missm10 3 ай бұрын

Interesting video. although other countries have their own issues, it's definitely good to leave the UK if you can do so, even if temporarily. this country will not get better anytime soon.

@Goodman849 3 ай бұрын

Been away for 3 years back a few time going back in few days to see what horror awaits . Others places also have many negatives as well

@Talushallux1 3 ай бұрын

I left the country in 2010, and come regularly for holiday and to see family. The downward spiral is quite stark!

@stevenmorris2293 3 ай бұрын

I was in the South Uk two weeks ago, Hampshire, visiting family. I thought it was good. Groceries seemed reasonable compared to US. But I did hear descriptions of high rent. Much the same most countries

@bjrnhjjakobsen2174 3 ай бұрын

I have as a Dane tried to understand the UK and what led to the present state. I have been commenting in the Times for the last 7 years and often suggested that the UK looked at other countries and their taxation models, media ownership etc but the opinion seems to be that the UK is unique that every initiative must have a British, imperial, Victorian, elitarian and superior touch…. My conclusion is that the UK must come to its senses and act according to what is best for country as a whole and not only for the top 1% and specific regions. A lot hardship is to be expected in the next 10-20 years. I would understand if young and well educated people left.

@searchingfortruth4783 3 ай бұрын

Also millions of people from overseas without an equal increase in schools, hospitals and dentists. It’s really not that difficult to understand is it.

@arthurdixon5890 3 ай бұрын

As a part of the aging population (74 years old) I still work full time and pay into the system. There must be many others like me. A survey of this would be of interest as the demographic time bomb boomers reach retirement age, how many are tax payers, still supporting our society.

@jeremiahpoole6526 3 ай бұрын

Everyone who works and spends money (VAT) in this country ‘pays into the system’. It’s what is taken out is the problem. For example, the state pension bill is x10 more than the child benefit bill.

@user-zw3bg9vr5g 3 ай бұрын

@@jeremiahpoole6526We paid our National Insurance we were told that this was to ensure we got our State Pension at age 60 .I retired at age 66. My parents retired at age 60 and both passed away at age 86. Never did it come into my mind to grudge or vilify them for daring to get that state pension the truth is we were happy to see them enjoying their retirement. We also paid our taxes. All governments were aware that we would retire at some point therefore they should have invested our money for our retirement. I and all other Pensioners deserve to have our State Pension we worked long and hard to get it. We are among the poorest paid pensioners in Europe many pensioners are still living in poverty caused by the high cost of renting and the high cost of living. Some of us have small private pensions that helps to pay the ever rising bills. Without our State Pension we and many others would end up homeless and starving.

@Talushallux1 3 ай бұрын

Well done! I wish many more are working like you at 74, whereas the trendy think to do these days is rely on state benefits from 24.

@arthurdixon5890 3 ай бұрын

@@jeremiahpoole6526 The pensioner now were the ones who rebuilt the country after the Second World War. I had a food ration book as a child.

@arthurdixon5890 3 ай бұрын

@@jeremiahpoole6526 That is only true if they spend earned money. If it is benefits it is just returning what has already been given.

@davelowe1977 3 ай бұрын

The reason is that we're governed by PPE graduates with great rhetorical skills and zero systems engineering understanding. Until around 1997 we used to solve problems and increase productivity but since then we manage problems and deliberately create new ones to manage. Until that changes we're doomed.

@slothsarecool 3 ай бұрын

UK’s mold problem pretty much destroyed my health, pretty excited to go back to Canada in that regard, but I can imagine things like that impact a lot of people here

@TalesOfWar 2 ай бұрын

This is getting worse with climate change too

@OptimisticHominid 3 ай бұрын

It sounds to me like the UK would benefit from joining a large trading block with no trade barriers.

@SRSR-pc8ti 2 ай бұрын

Oooh.. I wonder there is such a bloc nearby?

@NoneOfYourBusiness-jb3vw 2 ай бұрын

@@SRSR-pc8ti Is there one not run by petty dictators, pushing for the fourth reich?

@TalesOfWar 2 ай бұрын

@@SRSR-pc8ti Like say, a mere 20 miles? or 32km in sane units of measure?

@Uknurse464 3 ай бұрын

I’ve got one year left to study nursing and I can leave my home country, the uk. I have zero passion for this country. For me I don’t enjoy living in a country full of cultures that are not to my taste. Immigration is getting worse and it’s already bad here

@mikw1809 3 ай бұрын

Ah.. best to leave your racist views at home when you become an immigrant of another country

@Prometheus7272 24 күн бұрын

@@mikw1809Fantastic, you import people to replace the people who are leaving due to your importing, excellent solution. Then you kick them on the way out. Lovely person aren’t you.

@jamiemartinwebb 10 күн бұрын

@@mikw1809ah the R word, you can't help but use it can you? A very poor way of trying to shut down a conversation. Pathetic.

@colinsanders3667 3 ай бұрын

Things are EXACTLY THE SAME in New Zealand !!!!!!! Things are falling apart , under investment in infrastructure and ALL competent workers and professionals are leaving for Australia. NZ is short of at least 1300 doctors !!!

@theresenydahl9531 3 ай бұрын

Everyone in the UK just have to get used to the lower standard, it's the new normal.

@ecognitio9605 3 ай бұрын

The current miserable trajectory was set in stone under Thatcher, we could have took inspiration from France and Germany and maintained some level of domestic industry in the midlands/north instead we chose the path of financialisation and services and they've squeezed the country dry.

@theresenydahl9531 3 ай бұрын

@@ecognitio9605 That didn't happen, did it? And it never ever will because thet poorest and most toothless in the UK will never get it, will they?🙄 You think this is bad? Hold on to your horses, this is just the beginning of it and the referral to 1979 is more accurate than you will ever know, in the worst way possible too. Don't worry about rejoining, worry about the death spiral until you do in 20 years because it's a scary ride. No regretd, you voted as you did, agreed to standard cuts and that's the steel you asked for and feeling now. You said you were prepared and ready to to take it? Well here it comes, like tge most beautiful of tsunamis.

@monipenny408 3 ай бұрын

The govt will say, it is all worth it, investing and pouring billions into UKR's democracy. smh

@SunofYork 3 ай бұрын

@@ecognitio9605 Yes but we have to give money to ukraine and israel.. laugh out loud..

@dglenday8705 3 ай бұрын

Not everyone. Never forget our overlords have been doing very nicely out of it since 1979.

@MegaCooliam 3 ай бұрын

How did British wages drop 25% below german wages? That's insane

@jannenreuben7398 3 ай бұрын

German workers are on the whole way more productive than British ones.

@Talushallux1 3 ай бұрын

In addition to poor spending in infrastructure and services by the government, UK productivity has been low since 1997. People in public sector jobs have a well-paid job for life with no incentive to work hard. There's also a poor work culture, and benefit fraud is rife!

@jedg4746 3 ай бұрын

Basically, excess profit taking, instead of using it to increase wages. This was possible while inflation was low - now it has been exposed.

@jannenreuben7398 3 ай бұрын

@Talushallux1 Agree with your other points but by the government's own figures benefit fraud is only about 4% of the total spent. It's a problem but not a major one.

@Talushallux1 3 ай бұрын

@jannenreuben7398 Nobody has true figures of benefit fraud! As per ONS, 22 million were claiming benefits in 2023. ONS also reports that 40-50% of the workforce lives on benefits. When I researched, pensioners were also added to the benefits list. Fraud is difficult to assess, but I see many able bodied people claiming benefits based on vague 'mental health issues'. But trust me, good work culture amongst the UK workforce is a rarity!

@Robert-vw3od 3 ай бұрын

all the British people have been interested in for years is filling their pocket. they only look at the short term, not the long term.

@liberexcogitatoris1792 3 ай бұрын

The UK paying of it's national debt of £3 trillion pounds (that's excluding unfunded liabilities and hidden debt) is an impossibility, we cannot even pay the interest payments of £200 billion per annum. For a start we would need to be running fiscally in the black and in the last 50 years of modern economics and monetary policy we have only had two years where we ran a surplus (approximately £30 billion if my memory is correct) , that will never happen again with this huge debt mountain that needs to be serviced, worryingly we actually make the debt interest payments with more debt (so we are in a debt death spiral). So hypothetically if we did not need to pay the £200 billion interest and ran a financial surplus with huge tax rises of £30 billion a year, it would take a hundred years to pay off this debt, so back to reality these tax rises would also have to pay the current interest of £200 billion so £230 billion in total, for perspective we spend £65 billion on the whole defence budget or £116 billion on the education budget, so paying off or even servicing the debt is not going to happen. The only logical outcome now is a Sovereign debt default (cataclysmic for the UK) or a engineered World War 3 with Russia/China as postulated by the economist Gerald Celente (also cataclysmic for the UK)

@NY-Dani 3 ай бұрын

You're right to be concerned about the debt but a lot is money we owe to ourselves, like pension funds. The most important thing is the deficit which is terrible and for that your concern is understandable. However, it can be brought under control by a competent government willing to make tough choices (retirement age to 70, massive benefits cuts, find work even for those on disability benefits) to produce a booming economy growing. In this situation the government could run a surplus and use it to improve infrastructure, education and healthcare which would boost productivity. You don't want to be taking the surplus to pay off the debt because that takes money out of the economy. Putting the surplus into the economy and economic growth of 3% would be massive and make the overall debt feel nothing and easily manageable. Inflation would eventually make it zero concern. The real problem is we have visionless shits running the country who have recked it. We also have people in the democracy that don't understand simple government finances and vote for the worst kind of morons thinking they safe picks.

@monipenny408 3 ай бұрын

meanwhile UK is pouring billions into UKR fully funded by the tax payers!

@user-pg2kj7ps7o 3 ай бұрын

@@NY-DaniDemocracy is the problem, it’s governments by idiots.

@ivancho5854 3 ай бұрын

The only way out of this debt trap our government has created is by devaluing the pound. ie inflation. We have a higher government interest rate currently to supposedly fight inflation (it's actually primarily to combat capital flight), but come the next economic crisis this will be reversed and we will again have ZERP. This time however when the economy starts again starts to heat up interest rates will continue to be held low and an inflationary wage spiral will be engineered by the government. This will be achieved simply by increasing the wages of government and NHS workers. Inflation will soar and the Debt to GDP ratio will fall. Fun and games government style. The British public will be impoverished yet again. All the best

@dereklund2321 3 ай бұрын

You're right. The main unfunded liability that you refer to is of course public sector pensions which at £2.9 trillions comes in at almost the same level as national debt. Then there's the unfunded State pensions at a whopping £6.1 trillions. But don't worry, folks, State pension isn't a legally enforceable debt, only a politician's promise, so we don't have to include it in the Government's accounts! At about £180k per citizen these debts and promises must by now have taken us beyond a point of no return. The Gov't might be able to keep these financial plates spinning a little longer but eventually the whole edifice will come crashing down. Some or all of the above groups will have to take a haircut. Which group will be first I wonder?

@kavinkelly 3 ай бұрын

The tories are to blame 😢

@PFL44 3 ай бұрын

Tories and Labour are to blame.

@AdamWebb1982 3 ай бұрын

Labour started it, Tories continued it.

@Talushallux1 3 ай бұрын

No. In reality it's the people who keep electing the same again and again! The decline has been evident for 35+ years, but more rapid since 2010. People should have started to revolt since a long time.

@nickjonathan658 3 ай бұрын

Reality is most people aren’t smart enough to realise Tory’s don’t care about them, only about themselves and their donors. Look at how Boris managed to hoodwink the uneducated masses. Even current Labour isn’t really Labour - the people of this country has their chance to elect someone with a social conscience with Jeremy Corbyn but he was subjected to a character assassination by the right wing press who own this country. They are in control of politicians, what people read and think and until that changes the free thinkers are easily controlled but the non-thinkers. We live in a high tax country with none of the public services that should go hand in hand. That won’t change. I hope my kids emigrate to somewhere more civilised as I hope to do myself.

@ecognitio9605 3 ай бұрын

*Thatcher

@themultilingualfamilyhub 3 ай бұрын

Hi! Just wanted to say that I've been following your channel for a while and have noticed a significant improvement in the way you deliver your content - amazing!! While your content has always been extremely helpful and insightful, the way you deliver it is now so much more engaging. Thank you very much for all the great content you're putting out to educate people on very important issues. Really appreciate it!!

@RecklessBikesTV 2 ай бұрын

Left 5 years ago, never looked back. Nice to holiday to visit friends and family, get the reminder I made the 100% correct choice just by walking through any town or city centre.

@Daytona2 3 ай бұрын

Thanks Tejvan, and good to see that you're getting sponsored!

@MnemonicCarrier 3 ай бұрын

Energy. It's all about the cost of energy. Also, the UK is full of people who want to get rich without actually producing anything useful.

@JenniferA886 3 ай бұрын

Easier said than done… It takes decades to get planning approval, construction etc etc for a new power station

@anthonylulham3473 3 ай бұрын

ITS INEBITABLE. THINGS ARE INEBIABLY GOING TO GET WORSE.

@AHoardyBoi 3 ай бұрын

@@JenniferA886there’s half the problem. Seems like the uk forgot how to build anything anymore

@franekspeak953 3 ай бұрын

Sorry but I pay just 5% of my income towards energy and 50% goes for rent. How's energy cost even a problem?

@MnemonicCarrier 3 ай бұрын

@@franekspeak953 Do you live in a council apartment with communal heating? Are you saying the cost of producing things (that require energy) has not moved - so you're not paying more for food/goods/filling the tank? Your landlord will definitely be feeling these price hikes, and will pass them on to you. I know someone in London who rents (a very nice apartment - all electric). In 2021 their electricity bill was roughly £300 per month (it jumped up slightly during winter). In 2024, it's now £900+ per month (she recently sent me her bill). I stand by my original claim - the success of all modern economies is dependent on cheap reliable energy sources. Take this away, the economy falls apart (in ways we're only just discovering).

@winthorpe2560 3 ай бұрын

Lacy Hunt recently said that every dollar of borrowing translates to 60 cents in growth. So we are just pushing the pain into the future

@JenniferA886 3 ай бұрын

True… however, the damage has been done

@vincentcrowley5196 2 ай бұрын

So basically the law of diminishing returns is in effect?

@winthorpe2560 2 ай бұрын

@@vincentcrowley5196 👍

@redsaints 3 ай бұрын

I moved with family to Germany in 2019. Pros, healthcare, public transport, feels safer, housing costs lower, my pay is nearly 20% higher than it would be in the UK (I work a global job so know exactly how much my company would pay me in the UK for the same job), I even get 250 euros child support per month when in the UK i would get nothing. Cons, travelling to see family, no support, confusing tax system (now i understand it though i got nearly 14K back one year, in the UK i cannot claim anything as a PAYE employee) and other paperwork, making friends. School system in Germany is collapsing, lots of bullying, if your kid does not speak good German and have good grades they will end up in the lower school with no chances for university. Assuming you are happy with that, it is fine, but it is very real issue for immigrants here. If you have a good support system (family and friends in the UK) moving is almost certainly not worth it.

@arthurdixon5890 3 ай бұрын

Another interesting video, thank you (the curry looked good too 😊). We may give them a try. 😊

@philiphall8325 3 ай бұрын

I think it's hilarious that George Osborne's economic strategy was based on a spreadsheet that had a 'mistake' in the most crucial part. You don't give the source but what happened to the person who made this convenient mistake? My guess is he went to the house of lords. I think this video is a good attempt to explain the disaster the UK has become recently but it is basically because it is riddled with incompetence and corruption starting with David 'greensill' Cameron

@fl-ri- 3 ай бұрын

Blair and his government were hopelessly corrupt - just look at what they did to the Police service. He made it so that it was beneficial for the police to chase statistics rather than actually fighting crime - such that it LOOKED better on the government, not that the people had to suffer less crime. Read about it in the book "A land fit for criminals". Point is, the crazy amounts of corruption started with Blair at least. It may be a facet of Blairism, it may have been an issue since before Blair but I'm not old enough to remember that.

@TalesOfWar 2 ай бұрын

Cameron didn't even have a proper job before being PM. Nobody would hire him until friends of mummy and daddy gave him a chance. He only became PM because someone asked him once and he said "I think I'd be good at it". I guess it doesn't hurt when you're born with silver spoons in every orifice and given every opportunity in life without ever having earned it.

@adam7802 3 ай бұрын

It has been on me and a friends mind to move for a while. The question is where? You'll see the odd random in comments saying "oh this place I went to is great" but if you are looking at it objectively, where truly is better? And I'm not just talking economics, I'm talking politics, culture... seems to me alot of the things that concern me here are in most if not all western countries.

@dallysinghson5569 3 ай бұрын

It depends on where you are at in your life. If you want to start a family and be financially stable while doing so- Scandinavia. If you want to retire comfortably? A nice toasty mediterranean country.

@ubergregmoto 3 ай бұрын

The decision will always be a subjective one. As someone who moved very recently, I think it comes down to: 1) Does the culture or values of a certain country/community broadly align with yours? 2) Are you prepared to embrace certain tradeoffs/sacrifices? 3) What opportunities can you grasp in the place you want to emigrate to? I moved with my young family to Poland because: - My wife has strong family connections - Cost of living is far lower, yet public service and infrastructure standards are higher - Politicians of all stripes implement policies that benefit communities and country - Rising tide of national prosperity that creates a degree of security and opportunity for my children I had to walk away from the greater diversity of people, food and subcultures that I enjoyed in the UK, and make an effort to learn the language (it's hard!). I also had to wean myself off the credit-fuelled lifestyle that many who live in Britain/the West must adopt to maintain their 'higher standard of living'. I am further from my kin, and I will probably always be more of a relative outsider (though people here are so cool). But now my shoulders are lighter, life is tangibly better and our future looks more secure.

@adam7802 3 ай бұрын

@@ubergregmoto I think the decision of if I were to go will end up coming down to work. I love what I do and there is big money in it, especially in the states. I am not purely motivated by money, but I have gone through my life being frugal so if I have the opportunity I'd like to take that money and be worry free about the bills and such. In any case I imagine I'll come to a decision within the next couple of years... I think that's when I'll feel ready financially and hopefully with more idea of where I could want to go.

@ubergregmoto 3 ай бұрын

@@adam7802 someone in your professional situation, with your approach to finances, would no doubt thrive in the US. I think it's a great place to live if you have a decent amount of money/high income (my sister is doing very well there, 20+ years) and are good with your money. I wish you the best, wherever you eventually find yourself!

@adam7802 3 ай бұрын

@@ubergregmoto Yes, I think so too... I really don't care for living the high life, I just want the simple things and security. It's a tough decision to make though and I'm certainly not ready to make it just yet. Thank you, all the best to you too!

@ianworley8169 Ай бұрын

I bought and renovated my house in Portugal in 2003, initially as a holiday home until retirement. We sold up in the UK and retired in our mid-50s in 2013. Poorer financially with a very limited monthly budget, but infinitely happier. Having been back since Brexit and never will. Life is amazing.

@hmq9052 3 ай бұрын

Thanks for the video

@dub604 3 ай бұрын

I started making plans to escape the day after the referendum... Left in 2018. You can work 7 days a week, 12 hours a day for your entire life and still die in poverty in Britain. There are a lot of great places in the world to live, the UK isn't one of them. Things are only going to get worse, if you can get out I would get out now.

@michaelbalfour3170 3 ай бұрын

Where did you go?

@dub604 3 ай бұрын

@@michaelbalfour3170 Does it really matter? Get out of broken Brexit Britain, most other first world countries will give you a higher standard of living.

@michaelbalfour3170 3 ай бұрын

@@dub604 It does matter, yes. I live in Scotland and I am doing very well but I fear retirement will be a bag of shit or my kids will need all my money just to buy a box of a house.

@dub604 3 ай бұрын

@@michaelbalfour3170 If you don't speak any other languages then British Columbia Canada would be a very good option (I'm living there now) or alternatively New Zealand. If you're bilingual then France, Spain or Italy are excellent. I would avoid the US as it's going the same way as the UK (busy crawling up its own behind). Australia might still be a good bet... Go for it... life's short. I wish you well for the future.

@michaelbalfour3170 3 ай бұрын

@@dub604 Ok, simple enough then. Thanks for your reply.

@andrewwoodgate3769 3 ай бұрын

If only we knew who had been in government for the last 14 years 🤔

@christopherfleming7505 3 ай бұрын

Do you really think it matters whether party A or party B wins the elections? They obey the same masters, and are 2 sides of the same coin.

@Foxy_ladyYTSL 3 ай бұрын

The U.K. is run by Z. 👁 N |. § T . That’s why western countries , English speaking ones are going downhill. The Z are behind the Govts

@joeroche552 3 ай бұрын

@@christopherfleming7505one word Brexit

@TalesOfWar 2 ай бұрын

@@christopherfleming7505 Yes. It matters. Things took an obvious downward trajectory from 2010, and especially with the introduction of austerity on damn near eyverything to the point where it's already cut to the bone. Everything is broken. It's going to take decades to fix this mess, then the super genius British public will vote these morons in again to repeat the cycle as we've been doing for a century. Tories break it, Labour fix it (or try), people get bored and vote Tory again. Rinse and repeat.

@christopherfleming7505 2 ай бұрын

@TalesOfWar Do you seriously think labour try to fix things? It was thanks to Blair's Labour that the flood of immigrants into the UK began. It was a deliberate decision. The tories and Labour are the classic 2 piece trick. As Chesterton wrote, the progressives get into power and make all sorts of mistakes. Then the conservatives consolidate these mistakes, until the progressives get back in and the cycle repeats.

@raphaelrvrt 3 ай бұрын

Brilliant videos - All the best to you sir !

@kjkj4725 3 ай бұрын

I am just an immigrant - I left UK in the end of 2018. It was a perfect time to jump the ship. Now living in Switzerland, saving money and making plans for the future of my family. I am not rich, but secure enough. Housing crisis seems to be a huge problem in every developed country - this is probably the worst thing that makes me depressed… I don’t know in which country I will end up - but I know one thing… I have to maximise savings, no matter what. Luckily I am experienced in being an immigrant. Maybe some small side hustle and some passive income will help in long term… Jobs just don’t pay enough to get you normal safe life anymore.

@hyperstarter7625 3 ай бұрын

How can we move? Unless you have family connections to Europe, or have higher than average money/salary to get a visa - then where can we go for a permanent stay?

@kjkj4725 3 ай бұрын

Man just save as much money as you can and search for a job in selected country. This is how things work for immigrants everywhere. You get the job contract, then you get a permit to stay, you look for some flat to live in… Trust me, UK was a nightmare to get into for me even before brexit… This ridiculous „you can’t rent a flat without bank account BUT you can’t open a bank account without proof of address from rented place“… This was the most annoying issue for an immigrant. At least when I moved to Switzerland(not EU), process was clear and not retarded like in UK…

@TalesOfWar 2 ай бұрын

@@kjkj4725 It's almost like even as a member of the EU we had control of immigration because we were sovereign or something. Oh wait!

@tomhavenith2330 2 ай бұрын

If you have some sought after skill, you apply for a job, get a contract and then you move and go through admin. If Spaniards can do it in Belgium and Belgians can do it in Germany, you can do it... look into it. It might be worth it.

@Robert-vw3od 3 ай бұрын

not so many years ago you could get a job in in something like a factory and over the years with steady but not ridiculous growth you could end up in a decent three bedroom semi detached with a decent fback garden. You could have a holiday every year and maybe, afford a semi decent car every five or six years. now to do you need a doctors salary. The cost of housing is ridiculous and this has been used by many greedy selfish Ruthless people as a cash cow. some of this is simply the advancements of time I mean look at what we spend on telecom and subscriptions now . but Britain is on country that does not like to pay people a lot of money for manufacturing. go to Germany many manual workers are highly respected, not in the United Kingdom.

@kevinu.k.7042 3 ай бұрын

Superb video - thanks. Would it be something suitable to look at the economics of environmental issues?

@paulbiggs5523 2 ай бұрын

I believe we would have been in a far better position had the government been wiser with public spending. For example HS2 (which was part of a "joined up European railway system with Paris as its central hub) has turned out to be a shocking waste of money post-Brexit. This is not an isolated example of catastrophic waste where investment in goods and services would have served the UK better.

@Guitar6ty Ай бұрын

Not forgetting £8 million a day on fake holiday makers.

@MrPaddy924 3 ай бұрын

Like most economists, you just don't get it. Growth is the problem. Exponential growth is incompatible with the material parameters of our finite planet and Jevon's Paradox means that our push for renewables is being cancelled out by our continued need for growth and the growing global population. Green growth is a myth. The UK looks like it has continued growing despite a marked increase in the use of renewables, but unfortunately, that is an accounting trick. It doesn't take into account the products we buy from China and other countries. The fact that we have delegated most of our manufacturing to other countries makes us look like good guys, but factor in the CO2 involved in the production of the stuff we buy from abroad, and the picture looks much less rosy. The UK certainly isn't evidence that the link between fossil fuels and economic growth can be severed. In addition, many people confuse electricity production with energy use. You will often hear it stated that over 40% of the UK's energy needs are met by renewables. What they mean, of course, is that over 40% of our electricity generation is renewable. That fails to take into account shipping fuel, transport fuel, air travel, concrete and steel production etc. If we factor all of that in, the % of the UK's total energy needs that are renewable is a mere 7.3%.

@jimmyjones9780 3 ай бұрын

After completing a five-year indentured apprenticeship in Mechanical Engineering and then a degree in the same, I left the U.K. in nineteen-ninety and have not been back since .... I am now Naturalized as a Hong Kong Chinese citizen and together my Chinese wife, we grow fruit and veg, for export to the mainland ....

@fl-ri- 3 ай бұрын

I would say "but you have to live under Chinese tyranny" but it's hard to see much a difference nowadays.

@jimmyjones9780 3 ай бұрын

What are you talking about Tyranny .... You're listening to the wrong people .... Where I am living here in Tung Chung, everything is wonderful .... And free .... and wonderful .... Buses, Taxi's, Trains, and the State-of-the-Art Health Service .... All free .... and our apartment .... 100 pound a month all in, with free gas, electric, water and we both get a handouts of money twice a year from the government, and, and, and I could go on but you are the sucker there in the U.K. and not me ....

@shweshwa9202 3 ай бұрын

@@fl-ri- thinking that the monarchy-democracy-theocracy in the uk is much better is delusional

@fl-ri- 3 ай бұрын

@@shweshwa9202 well no, it's not delusional to think a communist dictatorship is more tyrannical than a constitutional monarchy. Based off of history this is apparent. I recommend reading the gulag archipelago, there's a lot of parallels with what is happening in the UK. The problem in the UK is the government is going down the path of a communist dictatorship.

@grimgoreironhide9985 3 ай бұрын

@@shweshwa9202that depends on your economic status and wealth. If you were poor you would rather live in the West.

@lokeshsag Ай бұрын

I like your video, very detailed and to the point, no animation or wasting time with nonsnse like others. :)

@tomrimmer4852 3 ай бұрын

I was not expecting hello fresh

@JenniferA886 3 ай бұрын

As soon as I see any sponsorship from any KZfaqr… I skip

@eucitizen78 3 ай бұрын

I like your Hellofresh spot. I saw how much fun it was for you. You made a great job on it.👍

@dumbguy1007 3 ай бұрын

@@JenniferA886god forbid they get paid for their content. No one is making you buy it.

@JenniferA886 3 ай бұрын

@@dumbguy1007 ?what’s your point… if I want to skip it I will

@houseofancients 3 ай бұрын

What i here completely miss is the enormous wealth shift to the very rich and the tax regimes that make sure they pay less tax than the middle and low class...

@paulmoore120 3 ай бұрын

Interesting and depressing at the same time. Great presentation.Thanks.

@Theforestbandit 3 ай бұрын

We seem to give more money to other countries than we spend or invest in the UK . Migration costs 15 million a day and we are asked to pay more taxes for this mis management of our taxes

@thelammas8283 3 ай бұрын

In a word - Productivity. And it will be very difficult to fix.

@michaelstimpson1137 3 ай бұрын

This is poorly researched and just seems to be repeating what's been said in the MSM, the reason why productivity is so low is because the UK is such an awful place to live and work. Poor management practice is leading to massive levels of stress in the workplace, bring down productivity, and high long term illness. The tax burden is laid mainly on people on low and middle income. Taxes on the corporate sector are very low. If you try to pay off debt you remove money from the economy, all new money aka economic growth is the creation of debt, if there is no debt there is no money. That is the biggest issue here that nobody is talking about.

@kennethoram4292 3 ай бұрын

The 1980's were bad for growth in the North with the Thatcherite War on the Unions. Then we had the Dotcom Bust, 2009/2010 and Covid. The lockdowns were an economic disaster. When have we experienced sustained economic growth?

@andrewsage7164 2 ай бұрын

With the economy shrinking and no party coming up with any meaningful ideas on how to revert the damage things are only going to get worse.

@chickedee1085 2 ай бұрын

I tried to tax my car last week, could get through to DVLA due to volume of calls. I not racist but I am against mass immigration of any kind. I asked the employee and chat how many callers ring with a non British accent and she said she couldn’t continue with my line of questioning.

@marianaimolihudson8369 3 ай бұрын

After 22 years, I have had enough of these careless politicians, so corrupted and cruel towards their own people. British people are suffering, and their voices are not being heard yet. I am moving out back to Italy bad politicians too, but anyway I can see a doctor if I am not well. 6 years I haven't seen a dentist, this is a joke!

@maxhumpston 3 ай бұрын

A result of letting people that have no idea what they are doing run an entire country. We need a much more innovative mindset as a country too, we to demand better and actually think and discuss much more about how we practically make things better. Centralised incompetence.

@trident6547 3 ай бұрын

Well they were voted in by people who have no idea what they are doing and how to run an entire country so they should be happy.

@gamble9437 3 ай бұрын

Don't assume they're stupid, they aren't. They know exactly what they are doing. They are extracting unbelievable amounts of money out of this country to line their own pockets and simultaneously weaken any ability or resolve to stop them. We are all being used as cattle in the globalist game.

@desdicadoric 3 ай бұрын

Too many people, too many not contributing, too high a tax burden which is just wasted by the government

@melestutorials5288 Ай бұрын

Personally I've made up my mind to go at this point, many of my friends and fellow students from uni (UCL / Cambridge) feel the same. A lot of educated people feel they don't owe the UK any loyalty and have much better prospects oversea.

@kvikende 3 ай бұрын

Another point about economics and the environment is that economics is about efficiently using available resources, which is very compatible with doing more to protect the environment. We shouldn't be wasteful with the resources we extract and produce. The failure to not price the externalities of pollution, nature and biodiversity is a problem though.

@JenniferA886 3 ай бұрын

Ok… any ideas?

@kvikende 3 ай бұрын

@@JenniferA886 We will keep needing concrete in the future, but the production of it is damaging to the environment so we would like to limit the supply of it to things that are necessary. A way of doing it is to add a tax or a cost to the concrete such that you compensate for the damage. For example, the cost includes the cost of removing the emitted co2 and restoration of the habitat destroyed by the quarry. That way, the users of concrete will only use it where it is worth it, and that might make other materials that are too expensive now seem more attractive, and give incentives for concrete companies to reduce emissions to make their concrete cheaper or destroy less habitat.

@dioniscaraus6124 3 ай бұрын

@@kvikendeMake the housing shortage even worse? Whichever party enacts the policy will lose the election long before the benefits are seen

@kvikende 3 ай бұрын

@@dioniscaraus6124 The cost doesn't go away. Someone is subsidising it. For example, the people who lose land, future generations who have to spend on climate change adaptations. The whole cost should be reflected in the price of the house. When the price is correct is when you can enact policies that are the most efficient and target most accurately.

@JenniferA886 3 ай бұрын

@@kvikende have you ever worked on a construction project, anywhere in the world before? Different languages, different cultures, different taxation systems, different levels of corruption?

@KrzysztofK1982 3 ай бұрын

One thing I’ve learn in life, NEVER EVER work FOR somebody else because you literally work FOR them. You work they take the money. Always try to set up your own business no matter how small because you will do the work and you will take the money.

@vincentcrowley5196 2 ай бұрын

True , my cousin has now been in business for 4 years , steadily growing, about to be a father for the first time. Hopefully things are better for his kid's future

@aion5837 3 ай бұрын

If robotics and AI is going to largely replace the workforce what difference does aging make?

@kellywalker4494 3 ай бұрын

It’s all about leadership. Politicians are politicians, not leaders. Do they even have a measurable KPI.

@robreynolds6435 3 ай бұрын

Nice one. The HelloFresh spot was just mildly weird. I think that can be better produced or dovetailed in.

@nicholaspostlethwaite9554 3 ай бұрын

Too many pretend spending is investment. Like HS2, that is a terrible idea of virtually zero use. It is spending on something we will have to subsidise for the rest of it's life! Too expensive ever to be used like all the UK rail. People are far too well paid, that is the only reason house prices are bid up higher, because people have too much income and can do so! GDP is not a sane thing to base debt on. We need to lower our debt fast. Population crash is coming and will destroy this ever growing debt attitude. Economies all over will be shrinking. Fewer working and more retired old. There is never ever any acceptable excuse to migrate, stealing into other people's lands, to greedily better oneself. Not one migrant, in any direction, is acceptable, or wanted, let alone welcome. Moving nation should be internationally a criminal offence.

@andrewsage7164 3 ай бұрын

Where i live in France they seem to love laying tarmac. I'm not saying you don't see potholes but they are rare. So if you look at road and pavement maintenance as an example how long would it take to repair/replace every road and pavement in the UK and what would it cost?

@TalesOfWar 2 ай бұрын

France actually has a HUUUUUUUUUUUUGE infrastructure industry, and they love to actually build stuff. We haven't built much here for years. Not large scale. The only large scale things I can think of since the Tories came to power are Crossrail/Elizabeth line and HS2... well, before they cancelled most of it. And both of these things were written into law under the last Labour government. Even the smaller but still rather impressive infrastructure built for the 2012 Olympics were planned and put into existence under Labour. Just think of all the stuff they were building all over the country for the turn of the millennium too.

@andrewsage7164 2 ай бұрын

@@TalesOfWar yesterday I was in Cherbourg for the first time in 8 years and it was virtually unrecognizable.

@andrewsage7164 2 ай бұрын

@@TalesOfWar This year our old UK district council is spending £28 per person all services. Locally here in France they’re spending 2000-2500€ per person depending on which commune you look at. That vast difference this year, next year, last year and so on makes such a huge difference on what they can offer. In return local business want to be build/invest so we are getting national chains moving in alongside the smaller self owned boutique stores. They often undertake projects that seemingly have no financial merit but they do it anyway.

@dbee8085 3 ай бұрын

Why are house prices so high in Australia when the density of population is so low?

@JimP-tc7gg 3 ай бұрын

Australia is a large country but the areas that are actually inhabitable are much smaller. There is actually huge shortage of homes, hence the insane prices.

@TalesOfWar 2 ай бұрын

Wages are also higher in Australia compared to here.

@CRAZYCR1T1C 3 ай бұрын

Take a wake down a street in London. Answer: yes it’s time to get out of there.

@johnlesoudeur3653 3 ай бұрын

Wake, woke or walk lol.

@tomaszkucharski56 3 ай бұрын

Addmiteably, I helped the housing problem become a bit smaller by moving out. However, as I left, I'm sure that more people areived to take my place. I was paying £950/month for a 22 meter flat in Watford with next to no insulation. When I left they raised the rent by a £100. I can't imagine what the electric bill for heating was this winter, as it was a lot colder. I moved to Scandinavia which had the coldest winter in years but ironically I was warmer in my house 😅😂

@Will-st1gs 3 ай бұрын

This is the first time I’ve ever was able to say what moment it was when you lost me, that’s the moment you started talking about “Hello fresh”

@Xplosiv3s 3 ай бұрын

That chickpea curry will boost our GDP

@Will-st1gs 3 ай бұрын

@@Xplosiv3s 😂😂😂

@Matt-ur3dm 3 ай бұрын

❤*Falling apart although failing is also correct

@bluegoose7832 3 ай бұрын

I've been saying it for years that English speaking countries are all the same. All equally greedy and all equally unequal. Despite the huge distances between each other, they're in very similar situations, so I can only assume it's a cultural thing... and if so, I want no part in any of that. Maybe I'll learn a language and move to a country that isn't depressing

@bluegoose7832 3 ай бұрын

@catsapp nuh uh

@josephhenry9924 3 ай бұрын

Yes, though it's a universally shared problem, it's definitely worse in the English speaking Anglo Saxon world

@Bebrou66 3 ай бұрын

US is world hegemon mate

@kronchybitz1223 2 ай бұрын

The problem is Rentier Capitalism. When you expect exorbitant fees for not doing anything productive, the net result is a choked off economy.

@ingedagte 3 ай бұрын

South Africa: hold my beer...

@maxcuthbert100 2 ай бұрын

If you were to train more UK doctors and nurses(not to mention all te different grades of tech healthcare workers)they would still need enough money to pay rent/mortgages,something that can be difficult on current NHS wages-hence the recent strikes.

@TalesOfWar 2 ай бұрын

Even people earning into the mid 6 figures are having trouble, especially in London.

@felixarbable 3 ай бұрын

privitisation and inequality

@dioniscaraus6124 3 ай бұрын

Add over regulation, inefficient government programs and de-industrialisation.

@georgeszurbach444 3 ай бұрын

England has been sliding down since 1945 on all eco/ political/military issues.

@user-pg2kj7ps7o 3 ай бұрын

England or the UK? England doesn’t have a military.

@GonzoTehGreat 3 ай бұрын

The short answer is a decade of austerity policies followed by Brexit, the Covid pandemic and then the Ukraine War, all of which exacerbated existing issues.

@danh9442 3 ай бұрын

The ONS figures say public sector productivity has barely grown since 1997 but private sector up 40%. How do you explain this ?

@Talushallux1 3 ай бұрын

@danh. Once a public sector worker, you are set for life, with a liberal pension pot too on retirement. Unless you commit a serious crime, you are unlikely to be ever fired! Add to this, people work remotely or call off-sick at the drop of a hat. UK is worse than a communist regime, in terms of productivity! No wonder it is sinking and sinking! And people wonder how there are so many millionaires in the US, Singapore or HK! The work culture is two poles apart and not comparable! What you have written gives you the answer to your question. In short poor work ethic!

@PeakVT 3 ай бұрын

The thing is people in at least half of the countries in Europe say the same thing. Italians want to leave Italy, Greeks want to leave Greece, most of the former Warsaw pact countries are losing population, etc. Leaving may be cathartic for individuals, but it won't fix anything. It will just entrench the bad actors in each of the countries that people leave. If Brits want to fix the UK they have to start by overthrowing the control the financial sector has on the country. The finacialization of the UK economy is the core of the country's problems.

@andersbodin1551 3 ай бұрын

And rejoin EU

@nanashipersonne4151 3 ай бұрын

Finance is not bad, corruption is. What they need is several things: transparency, better division of power, better apprenticeship system, diversification of the economy, decentralisation from London, all things you could partially learn from Switzerland. They just took some the worst parts: trying to distance themselves from the EU. I‘m tired of letting old people fuck up the future and then wanting young people to fix it and fighting them every step of the way. The financial sector has too much influence in the UK, I agree, but I would not recommend overthrowing something as a whole. I want no part of it and I am so happy to have left the UK. It does not help UK society, but you can‘t expect people to sacrifice themselves for others sake. Especially when there is not much gratitude in it, politically speaking. You can just go and help another society in another country, which can help you better unfold your potential, so maybe on the whole it is better result for the world. I‘m no UK citizen btw, just went there to educate myself.

@oldskoolmusicnostalgia 3 ай бұрын

Yes, it's almost as if late stage capitalism and decades of trickle-down economics provide no incentive for people to stay put and work 🤔 Britain gets some well deserved schadenfreude for its colonial atrocities and Tory PMs but a lot of the issues are global in nature rather than local.

@ecognitio9605 3 ай бұрын

All those countries and the UK are returning to the 18th Century norm of the landed gentry and the plebs the 20th Century was an anomaly.

@HairByJamesAnnabel 3 ай бұрын

I earn $95k as a hairstylist in Brisbane Australia. Sadly in London my income would be £30k. And in London I would work more hours

@a.r.stellmacher8709 2 ай бұрын

You can’t compare the Aussie dollar to the pound.

@HairByJamesAnnabel 2 ай бұрын

@@a.r.stellmacher8709 You can compare wages to the cost of living.

@jarirutanen8762 3 ай бұрын

Interest payment is completely voluntary for the gov. The interest should be set permanently to zero as Keynes proposed.

@garyh1572 3 ай бұрын

High housing costs is the real killer for the UK. Massive lack of investment in Social Housing.Solve that , solve most things.

@Robbo1966 3 ай бұрын

Great video, a lot of good information here. Always thought Osborne’s austerity plan was flawed. One solution and to quote Gary Economics ‘tax the rich more’

@lluke18 3 ай бұрын

Buy silver and gold

@mikw1809 3 ай бұрын

Yeah, can imagine that advice going down like a ton of bricks for the working class and their investment portfolios 🙄

@bd7913 3 ай бұрын

Practically speaking, lenders tend to discount sovereign debt before the ratings agencies get around to downgrading their credit ratings. Notoriously slow. Also, high govt debt discourages needed FDI as it signals likelihood of higher taxes in the future.