without watching. I'd say no. i think the best we can get is for the UK to not get any worse.

Britain needs a completely new political system, a democratic one, if it is to improve the lives of ordinary people. Labour and Conservative have been around for far too long for any good that they might do. It's a game they play, offering inducements to the voter, like handing out sweets to children, while the corporate media looks on pedalling their insincerity, desperate to maintain the status quo that is a gasping, dying U.K. Ltd.

I absolutely hate the housing debate. Ultimately if you want to solve it, you Have to ban buy to lets over 1 home, don’t allow non uk passport holders to own properties, ban lease holds. Then tax empty houses to the point they cost the owner to be empty, rather than seeing it as an investment. Just like most other countries in Europe🤷🏼‍♂️

The country is a basically a skip fire in motion. There are some areas which have certain value that have not yet caught fire, but its only a matter of time. Government's need to be honest with people about just how broken public finances are. The national debt is humongous and we've been living off of borrowed money year on year for decades now. This wasn't so much an issued throughout the 2010s when debt was cheap, however rather than borrowing to invest in the medium & longer term value and productivity of the UK, our government of the day chose to cut cut cut here, there and everywhere resulting in a lost decade of investment opportunities. That same Government also decided to cut the UK off from its largest trading partner via Brexit and which has only added additional costs and delays to our essential supply chains. There is a growing and ultimately unsustainable liability to support persons who are economically inactive, whilst simultaneously the state is subsiding the low pay of millions of people who ARE economically active because work simply does not pay anymore. Additionally, the housing market is a HUGE ponzi scheme which is sucking vast sums of capital out of the UK economy and rendering it almost completely unproductive. This ponzi scheme is the bedrock of many of the issues that the UK faces today with the cost of living as larger and larger portions of household incomes are being devoured by housing costs/rents. It's quite telling that none of the political parties want to discuss or address the MAJOR issued that afflict our country, instead they just tinker around the edges and vomit up hairbrained schemes that are of little or no value to anyone. Politicians need to admit that they either do not want to or are simply unable to actually grasp the major issues and implement meaningful change that will improve the lives of the general public. Why? Because its not in THEIR interests? Or because the political instructions in this country no longer have sufficient power and influence to be able make the meaningful changes that we all need to see.

"Four chancellors in 2022 alone" sums it up brilliantly.

There is no shortage of social housing, we have the fourth highest % of social housing stock in the OECD. The problem is supply and demand, not enough building and an open door immigration policy.

To fix the broken economy, we need heavy economic investment to kick-start growth. That's what Biden did through the inflation reduction act. And it's not enough to just invest in renewable energy or green energy, we need proper investment such as roads, infrastructure, public railway, more housing etc. The government should meet fiscal rules but shouldn't hesitate to invest in order to get returns.

As long as the parasitic housing market, sucks all available funds away from investment in industry and the economy as a whole, things will only get worse.

I doubt that things will be very much better come July 2029....

We need someone like alan sugar or branson in charge. They would sort the root problem . We dont need to worry about what to SPEND money on until we actually HAVE some money!

The bottom line is that people don't make enough money here. 100k in the USA for a IT admin vs 32 k per year here but the same cost of living.

WEALTH TAX WEALTH TAX WEALTH TAX

How about: Don't do neoliberalism and financial de-regulation, followed by bank bailouts, followed by austerity, and then Covid bailouts followed by austerity and wonder where the growth went and why inequality sky-rocketted ?

NO - Saved you 12 mins

Thanks for covering this - Excellent.

Government's don't move on things, possibly through fear. What happened to sugar tax? Subsidise the healthy and necessary infrastructure and tax the luxury and unhealthy to pay for it. Let's at least have a workforce fit for work and able to get there on public transport.

I'm done listening to politicians who consistently promise the earth and then do nothing. It's like the boy who cried wolf. After 40 years of voting, I'm so disillusioned with our political system and the frankly incompetent people who only serve themselves. I see the same thing in business too: a lack of compassion for others and self serving grandiosity.

If the Tories won they'd continue to make everything worse with no reason to rethink their suicidal policies. So in this sense Labour will be better no matter what. Labour's policies make pragmatic sense so there is another improvement there. Beyond that the Tories have left the UK in such a ridiculous mess it will be a challenge for Labour or any Government. But Labour have much more talent & fresh ideas totally lacking in the Tories. So yes-yes-yes in so far as is possible.

The economy of the UK as been going down the pan for years, and it will take decades to try and boost it ,and let face there's absolutely so political to do anything about it

Doesn't matter what policies they have, as long as they oppose democracy by opposing proportional representation, nobody should vote for either of the 2 main parties.

Very realistic analysis. There really is no short term solutions, which will be considered acceptable. Taxes on the upper middle class would have to be increased, but that is also the group of voters who decide which party form the government. Giving low income families more spending room would increase growth, but that is an impossible policy to get the average voter to accept.

Political and economic uncertainty has sparked concern amongst investors while investing the UK. Overregulation and crumbling infrastucture has stunted the UK's economic growth. Though Keir Starmer pledged to overhaul this nation, I reckon it will not be an overnight change as they are confronting intractable issues. Here in Fort Worth Texas, housing are usually 3.5 times the annual household income which is approximately 94k usd per year.

Massive debt was created to save the banking system in 2008 and we never get that money back from them. Same debt that was created by Jorge Osborne a decade ago wasn't a problem as they kept low interest rates but when the cost of the debt increases due to highier inflation and interest rates now we spend 100bln a year just from interest on the debt that was never spent on us. Its not our debt! But two parties trying to solve the problem by rising income taxes , cut spending on services etc... Its the socialsm for the rich- no wonder why some people just giving up and decide not to want anything from life anymore by staying on benefits or by being economically inactive.

The only reason Labour has been brought in to manage antisemitism and Gaza but people will hate labour too and democracy will be heavily discredited… the economy will not improve because the underlying reasons are beyond their control (demographic decline, can’t borrow more, etc). Everyone… get ready to be disappointed.

We need to invest more of our money in the UK , lower the population , stop importing energy by creating our own , and change the rented housing sector. All of these areas need urgent but generational attention.

Note on the planning system. It is not the planning system that slows down housebuilding, permissions are always in excess of building rates. During the Blair government the planning sytem allowed for 400k houses per year but there was nobody building at near enough those rates - the average build rate since WWII is 170k per year and that includes the massive post war building programme. Also cost of housing is of course not directly linked to supply more availability of money as debt.

You pointed out falling tax revenues from tobacco? Are you referring to the smoking "ban"? If so it's been estimated that the effects of tobacco cost the NHS 3 times more money than tax revenue from cigarettes

If we assume the UK is broken, it is hard to see any improvement under Labour now that they have ruled out and tax increasesthus leaving public finances in the same state. The IFS believes something will have to give if they want to improve matters. Otherwise they are much the same. Pity.

Is it the case that not all the Bonds held by the BOE will be sold? Bonds have a shelf life. So I am guessing the Bonds that mature while at the BOW will terminated. Is this correct?

The Economy was doing okay under Labour goverments under Lord Wilson and Lord Challaghan, striving for full employment and racial harmony in the U.K. It did well too under Tony Blair and Gordon Brown, both are of course Statesmen of world reknown. I imagine a new Labour government will re-jig and re-tweak the economy for the new world ahead, with its vast opportunities and challenges.

One policy could be recovery of the billions stolen during the pandemic. Another could be when issuing a work visa to clarify that it's to enable that person to work and is not to allow them to import their family and friends into the UK benefits, school and health systems.

I would like to see a transaction tax of 1p on all online purchases with the money used to support investment. Surely this has to come at some point as the volume of overseas purchases especially china and (big companies like Amazon) make the high st untenable because of the inequity in overhead?

1:43 "don't do stupid things" 🤣🤣🤣

I know they won't win, but when all the manifestos are out you should do a video talking about what impact the policies of the greens/lib dems/reform could have on the uk economy. Btw i'm voting green, they're the only ones who seem to recognise the scale of the problem we face

Before watching, my answer is no. Not for any complex economic reasons, but because Starmer was famous before he became a politician: he was the one who overruled his senior prosecutors and wasted public money prosecuting Paul Chambers in the infamous "Twitter Joke Trial." This is simply not the man with the brains needed to fix the current crisis (and I sense most of Britain knows this, as shown by the polls. Labour's lead is not created by some huge increase in support. It's just holding on to their tribal voters who would gladly elect a turd with a red rosette - and boy are there a few of those among the PLP. Having now watched this in full. Strongly disagree on the success of the minimum wage. Many people I know have watched their above minimum wage income stagnate, while minimum wage rises. They're then doing technically skilled jobs, for barely above minimum wage. It's demotivational and depressing to witness. Wahoo! The unskilled person has more money, but we are disincentivising personal improvement and advancement. Why bother studying for two years? You'll earn just above minimum wage, not worth it. This alone demonstrates it has definitely not been an unmitigated success. You allude towards agreement with this when you point out how it won't affect labour participation or productivity. Other than that it was an interesting analysis, but my original position from before the video stands, particularly given your summing up.

Great analysis as always. I’d have a 3 point plan: 1. Significant wealth taxes 2. Use the money to fund investment in skills and infrastructure to help industry 3. Join the customs union

If they revoke IR35 if not vote reform

Excellent analysis. Labour will have the advantage of a clear majority in Parliament (very different from the knife edge in both houses of the US Congress.) Can we add to this? Sentiment. The electorate will experience a sense of relief and, as you say, will enjoy stability that’s been lacking for several years. An uptick in sentiment may improve both labor productivity and labor force participation.

The stories have screwed up the countries but I’ve got zero faith labour can fix it. Same with the Tories though.

This certainly sounds good too, but I think it's still worth considering more reliable options like copy trading platforms such as Eledator, for example.

Yes I really believe they can fix our economy if they just implement the right policies. Scrap the tories austerity policies for starters would go someway to sorting the problem. Give workers back more rights and job security so they feel confident enough to spend money into the economy. Tackle energy bills, council tax rises etc. Increase corporation tax as this would bring in more revenue to the government and encourage those big corporate businesses to start reinvesting more money back into the businesses. Because they'd rather reinvest the money than give the money to the inland revenue. It will take some time, not going to change much in say just 12 months. But if the con-servatives remain in power things can only get much worse

what policies?

The main problems facing society are not being addressed to a sufficient degree by politicians in power in the EU, UK and USA. The wasteful economic system we have is not going to stop climate change.

Outside of the single market all we have to look forward to is managed decline. There's nothing Starmer can do about that. He'll do a much better job of managing the decline than the Tories would but it will still be a decline. Rejoining the EU isn't an option, at least not for a very long time. The future looks bleak for Blighty, it's time we started being honest about that.

Stagnant wages? Maybe I have recency bias, but wages need to stop going up in the short term at least.

Great video as ever, but the labour manifesto is not out yet.

I'm sure we'll get some shiny PFI prisons and courts, which is nice.

The massive issues that UK is facing cannot be resolved with some minor policy. We need a complete change of the system.

I want to say thank you to the guy in the comments who recommended Eledator to me. You've been very helpful. Thank you!

No of course not. No one in the Labour shadow cabinet has a clue about economics at all. No vision, no strategy, no idea.

I know that this is a very low bar, but if we can get back to a 2010 economy (i.e. just prior the Tories getting into power) in the next few years, then I would say that is a win. That would mean no more NHS strikes, no more train strikes and no more faeces in our lakes/reservoirs. Bearing in mind, a 2010 economy means that we will be coming out of the 2008 recession, something that the UK still has not recovered from and still massive income inequality.

I honestly don't understand why you're discussing these dubious schemes. There are plenty of options like Eledator and similar ones that are fast and profitable.

I'm just hoping to go back to square one.

You say "Don't do stupid things" is merely a start but i think it is difficult enough in itself.

I think we all need to wait until the manifesto comes out. Let's hope so .

I see Starmer and Johnson riding side by side on Unicorns to the sunlit uplands. They make Brexit work. Lol.

0:35 Political stability is indeed important, but it's the RESULT of competent government, not something that a party can (or should) promise, but instead something they should strive to deliver. It's akin to saying "we promise to govern responsibly!", which is an empty promise, until you actually make good on it. Instead, Labour are deliberately highlighting (and thereby trying to take advantage of) the infighting within the Conservative party, even while in government and using this to IMPLY that they're more fit to govern, but they've yet to prove that...

If Labour takes seriously actually running the country instead of blaming everyone else while cleaning up for themselves, the rot may yet be arrested. That would be very conservative of them, conserving things and all.

It's not Borrow and Spend. You should say Spend then Tax if the Spend doesn't pay for itself through a multipier.

Great video. Why can't labour tax the super rich to generate funds, which could then be redistributed to the pockets of the average person. This would surely boost the economy? I know it's easier said than done. I want to know what would be the immediate effect of doing this? Maybe it would be a Liz Truss style scenario?

NO - because they are similar to the cons - the United Kingdom is basically a consumer service sector based country so their answer to everything is you should’ve done better in life we can’t help you.

Stagent wages were while the uk was in the eu wage growth now in the uk is 6% uk inflation is less than the eu now at 2.3% labour cannot borrow if they do it will be the same as when truss came in. So they will need to put up taxes. Build homes won’t fix it and putting down rates will force prices up with 1.2 million coming in each year you need to build 1 home every second. I’m a migrant in the uk and even I can see that the only real way to put down house prices is to put up rates this will bankrupt the people who borrowed beyond their means. Bad yep and people will go into negative equity giving up their homes. So really no matter that you do to force prices down people are going to get hurt. Best thing to do really is to get companies to increase wages to cope with higher costs. Stop things like In work benefits. As this helps companies pay less wages as why pay more when the government will top up salaries.

The Tories manifesto is just more of the same: Higher mortgage costs if government borrowing drives up interest rates. Worse public services if civil service jobs are cut. Fewer job opportunities and higher costs for businesses if immigration is severely restricted. Slower progress on renewable energy and environmental goals. Public concensus suggests that improving underfunded public services like healthcare and getting timely hospital appointments is a major concern for voters, more so than tax policies being proposed. The Tories continue to ignore or fail to adequately address the need for improving struggling public services in areas like healthcare, education, criminal justice, and local government.

quantitative easing hurt the UK. it casued inflation and wealth inequality. it did not stimulate private sector investment. needs to be adressed

maybe you could reduce the supply side of housing 🤔

a free trade deal with the usa or europe will increase productivity though

There is no democracy without accountability , politicians “statistically” have the lowest incarceration rate of any field, this must change

Same as below.

I don’t know whether Labour can fix it, there is little choice but to give them the chance. A problem is that there are insufficient penalties for politicians/Governments who fail to perform. After the corruption and lies of the last government the Conservative Party should never be allowed near power again. But in 5 or 10 years time they will be, and the nest feathering will commence again. I just hope Labour prove to be more honest, but I admit to having some doubts.

5:53 Ha! I can see my house!

Little to disagree with, other than the elephant in the room…events. The economy shows signs of picking up a little and if external events (Putin, Trump, China etc) are benign things may start to gradually improve. I expect there will be increasing signs of alignment with the EU as a signal to investors. What l do not expect is immediate progress in housebuilding. This takes time, especially as Labour is talking about creating new towns.

Britain needs to emulate the CCP political system the most effective econmic system in modern history. No shame, to admit that unfettered capitalism destroys the lives of ordinary people.

UK was a guarantor to Ukraine 's security, so the fact that there was a war in Ukraine is the fault of our government who didn't uphold the security assurances thatw e gave as a party to the Budapest memorandum. E.g. we could have closed the Ukrainian skies and supplied weapons between 2014 and 2022, taken them into NATO (with the exception of the occupied regions, similar to germany after the 2nd world war)

You missed the biggest issue, which is inequality. There is plenty of money in this country it's just been concentrated into the pockets of fewer and fewer people over the last 14 years and it dosen't look like Labour is willing to deal with it.

Don’t get tie up! It will get worse.

Even Starmer would be better than the short Indian PM we have at the moment.

one word NO

I doubt that labour will be able to change anything, it will rather be more of the same. I do agree with the political stability component, but labour has few ideas to really address the issues. I just cant see anything they want to do being effective. Renewables is a waste of money at the moment, as Australia, if they just focus on the real issues that actually address the economic needs things would get better.

In all your videos, your charting is misleading. You show bar charts to indicate that UK is behind other countries in various metrics, by preferentially including contries that are performing better. The plotted values are also misleading. The axes start at a value that makes the relative diffresnces appear huge. Im sure you are fully aware of this. They are classic techniques to distort interpretation of data.

At this rate after 30 years even we will need to pay more tax, I'm afraid there will be no pension for anyone, no more health care. We need our tax on investment, not put all our money into running cost, paying debt interest. I rather see the govt cut more spending and lower our tax, I feel I like can manage my own health care and retirement much better than this country does.

Of course not. There are fundamental problems in the UK. Like all politicians, they will resort to palliative measures but in doing so they will simply make it worse.

It'll be more of the same, really, they won't start building houses: landlords will lobby not to see their investments go bust, there's no money for nothing, so, whatever, really.

For the Labour Party, raising taxes is in its DNA. It sees working families as little more than a cash machine, to be raided as it funds its utopian projects. It does not understand aspiration, and many of its MPs enjoy wallowing in the politics of envy. The financial security of British households would come second to net zero and the unions. It has also revealed deficiencies in its approach to prioritising spending. Labour has failed to match the Conservatives’ commitment to raise defence expenditure to 2.5 per cent of GDP by 2030, and has now declined to say whether the Metropolitan Police would receive additional funding to deal with the shocking levels of crime in London. It is a dispiriting summary of the price Britain would pay for a Starmer government: higher taxes for a more dangerous country.

the one thing that never changed was employment protection, never been and never will be.the parlament even Alaw 0 contract hours Job wich is iligal after the Corona virus epidemiq.

No

Nope - both parties are just the same behind the curtains.

Our fundamental problems go back to Thatcher and the shift to the dogma of Hayek.

Is there any such thing as unscrambling an egg?

Uncertainty shorts currency.. I’m sure Farages favours received for causing more uncertainties, pays him dividends 🙄🙄🤔😎

With 45% tax rate and 60% marginal rate above £100,000 you won’t get any growth, with high earners leaving the country every week.

The problem is the UK is that all the smart people left in the 1980's and went to Australia.

Simple answer... NO. because Starmer is a snake!

I believe that one of our biggest problems, which this channel does cover, is Wealth Inequality. Why aren't the super rich, being taxed more? Well, unfortunately, its the super rich that we need to start investing in the UK. I would imagine, If you implement a tax on them before they start investing, they're not gonna invest. So, I think that's why Labour aren't saying, lets tax the rich!! like the Greens and Lib Dems are. Thoughts?

Cool video! I'd like to add that there are other investment options in copy trading platforms like Eledator as well.

Zero Hour contract's should be illegal honestly

No. No mainstream party can. Our National debt is larger than our GDP. Our Interest payments on the debt are 10% of all tax revenue.it gets larger every year. We haven't funded a years worth of government spending 💰 via taxation since 2001. We import the 3rd world for that extra GDP growth because we aren't sufficiently growing enough to service the debt. Therefore inflation is used to devalue the debt. While making everyone else pooer. And we can't alter anything because we're part of a Dollar based economy. This was the danger economists Friedrich Hayek predicted.

Carn’t get any worse now? Can it? 😊

You can't tax yourself into prosperity. Labour always have the ideas on spending, zero ideas on economic growth. Simply labelling government spending as 'investment' is simply wordplay. ALL government spending could be called 'investment' if it makes you happy.

Perhaps things will be better in twenty years' time. At my age of 69, I might as well leave now.

Not in 5 yrs and not with a Labour that has become no diff to tory