Sadly with each passing day we can see the impact this awful policy has had on the UK. Tied up in red tape and tariffs with lower GDP than before the pandemic whilst the others in the G7, including Italy, are above. The lower GDP means we do not have the headroom to pay our way in the world and must resort to borrowing.Whilst there are rich people in the UK; a great many of us are poor and now we are poorer still. What steps can we take to generate more income during quantitative adjustment?

UK and Germany each calling the other The Sick Man of Europe.. 😂

Engineers are considered the lowest of the low in the UK, we've completely de-skilled the country, I get contacted by UK agencies for janitor jobs with unblocking toilet skills all the time now. It's crazy really, I've worked so hard, specialised in mechanical engineering, a MechEng degree, worked in robotics/mechatronics design, then went back to University and studied astronautics and space engineering, I now lead the design of robotic spacecraft, ESA, UK space projects etc, however money has always been incredibly tight, very few holidays, old cars, lots of DIY, the only reason I could afford a house is both my parents died early of cancer and I inherited enough money for a deposit. God knows if I will ever get enough money to retire. The big problem is about to come, we have no engineers or scientists,I will go to the US, being offered 4x salaries to what I am on now. The UK is a country of bankers, sales & marketing, middle managers and HR, falling behind in science, technology and high tech manufacturing, surviving only on a credit driven service industry, supported by years of quantitative easing with an unsustainable trade deficit. The UK has been following an identical economic path to Argentina for decades, the outcome is now inevitable, BoE and government can't do anything.

Things have been pretty dire economically here in Britain for the last 15 years, real terms wages are still lower than they were before the global financial crash in 2008. Unsurprisingly, Brexit hasn't been the answer to all our problems!

The financialization of the economy produces intense and rapid accumulation of wealth in the hands of a few. But the price of this is the reduction in economic activity, the collapse of the population's consumption power and the unsustainable imbalance in prices, causing both popular reaction and uncertainty that slows down investment. At the base of the problem is neoliberalism and its predominance demanded by the ultra-rich and influential financial elite.

Some pretty interesting economic numbers in the UK. It's interesting to hear of so many who voted for Brexit, because they thought it would lead to much less immigration. Instead, many have experienced great difficulty, and immigration is now highest in history.

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same markt raking in over $200k gains with months, I'm really just confused at this point

Capital is taxed too little, work (employment income) taxed too much. Companies have way too many advantages relative to their regular employees, this brings even more money in the hands of the capital holders. If you do the same work as an employee or a freelancer, you'll just make so much more money being freelance. Discovered recently that being an employee just simply makes no economic sense. You can't pass inflation to your employer, there is nothing you can deduct from taxes, hourly rate much lower than freelance.

How can you lose control when you never had it in the first place?

The UK hasn’t really recovered from the global financial crisis.

'There's a lot of wealth but not in the lower end of the income' Thanks Bergit I didn't know that. I thought the poor had all the money.

As a non European it is interesting to see how British publication called German Economy 'sick man of europe' forgetting how bad its own economy is terrible. Now DW brings to all how UK economy is trumbly.

After a massive rally in stocks came and yields collapsed, bond yields and the major averages are higher on Wednesday. How do we deal with such market conditions? Typically my $2m worth of holdings go up 8% then lose 20% right after and the cycle continues.

Here in the US (East Coast) everything has gone up as well, but for some reason I find the cost of construction materials the most jarring. It was not long ago where basic 2x4s were quite cheap (around 2$ each) along with many other materials so the biggest investment to a simple project was your time. Not so now! Those same boards are 5$ each and its all multiplication; 25 boards here or 40 there. And of course you can replace "boards" with "just about everything else" in terms of price hike.

3:17 “unemployment has risen … bank’s books that’s a positive” - translation for people not holding shares: that means more people won’t be able to afford things, like food, which would reduce the inflation prices on food(less demand, lower prices), instead of the alternative which is to raise salaries which would reduce shareholder profit margins on their investments(banks make most of their money on these same investments).

TBH, UK might need Jeremy C. Nationalising certain industries (e.g. infrastructure) will make long-term investment easier and make the planing and business less profit driven.

Thing about certainty is that it shouldn’t just be reserved for big businesses. Especially when it comes to ‘democracy’.

"NO MAN IS AN ISLAND " a famous quote but was very true.

This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

i just visited London and most things are as expensive as Norway now especially if u consider Currency difference. Wich is insane considering Norway's gdp per capita is double that of the UK

I personally couldn’t care less about the environment if families right now can’t afford food in one of the richest countries then spending billions on green projects and HS2 is insane

BriExit sure backfired spectacularly.

I'm in a different country but I've noticed that this year all of the prices have gone up by 30% on many different things including food

Constant policy changing since 2008 has removed confidence of foreign investors in the UK, also mass immigration as well as allowing non resident foreigners to buy housing as an investment has crushed our property sector making it unaffordable for poor natives. Not to mention the lack of political will to deal with problems rather than pass the blame!

It’s the adjustable mortgage rates that’s killing you guys. You need to have fixed mortgage rates so you have have the same payments thru thick or thin. The fact that a mortgage can increase 1000 pounds bc inflation goes thru a high period is insane, of course people are losing houses. That’s why it was banned here in the US. People like security, that their rate won’t change despite the state of the economy. If anything refinancing can make it go down.

I was very surprised that this lasted so long as a news piece. Surely all it required was for a reporter to ask the question in the title to some expert and that expert then just reply, "Yes! Unequivocally yes!"

The same question for Germany 😂😂😂

In the end economic growth will be considered synonymous with inflation. Governments are indeed the main cause in price hikes, just to inflate their economic growth rates. Not at all beneficial to any of our wallets!

Millions of Britains awaiting hospital treatment, 15 million living in poverty including 5 million children, huge explosion in food bank use, millions in in-work poverty, renters and buyers in a crisis people experiencing both eviction and repossession, wages especially in the public sector way below rates of inflation, no money for doctors, nurses, consultants, plenty of money for Ukraine !!

Can you put links to the fertilisers you use?

Great channel. It is Funny hearing germans speaking better english than a lot of us brits.

The rich people are fine, better than ever. Sucks to be poor though.

I really like the concrete and clear way Kay Neufeld express his views and ideas. Congratulations!

Exactly the same thing going on in Canada. Disgusting.

The UK needs to either join the EU or NAFTA to get out of these problems. Lowering standards, removing regulations and investment in the local economy do not work otherwise. The UK needs a big market to export its products and services to. It also needs to produce more at home, especially food and raw materials to get a positive import-export balance.

The next 12 months will be worse than 2008

Certain businesses are not looking for “guidance”, but state subsidies at taxpayers’ expense.

How much did UK spend on the King's Coronation? One may think it's still 1023!

The elites better wake up, they can’t have it all.

Growth latest figures (August 23), EU 0.4%, Uk 0.4%, Germany -0.7% Maybe the UK has lost control but so has Germany and quite a few other EU countries.

I like how news channels on both sides point fingers and laugh at each others failing economies when really we are all going in the same directions.

just like in the us the small percentage have the most and the larger percentage are in a really big line hoping it pays off for them..

They pay IT admins 12.50 an hour here. Its not hard to figure out that low pay is the problem.

Is this the normal standard of discourse in German media? I've got to say I'm impressed.

Tories have lost their marbles

Here in Canada, it's to the point that if any food is under 3$, I just buy it because it's cheaper than usual. Even a single piece of fruit or veg. 1 kilo table salt 7.99, 12 eggs 5.50, 1lb butter 8.99, 1 bell pepper 2.50, 8 rolls of asswipe (grown and made 100 kilometers down the road) 10.99.

Man, this economists' non-solution of more growth being the only path forward is frustrating.

Germany has been in reccesion since last winter . Young germans want leave Germany we need 18 million new workers in gemany . The car industry is struggling power prices are alful. Its not like things in Germany are good.

The UK has definitely not lost control of it's economy. That's why it's in the dumper. Brexit was all about keeping control and that has worked out that way. It's just that it was all a very bad choice that will most likely just go from bad to worse for some time to come, but the UK is firmly in control and there is no one else to blame for the fiasco.

Governments worldwide must limit profit margin capitalists can make to 5%of invested capital. 2. Curtail uncontrolled capitalism. 3. Find out how much is personal wealth 9f the rich people. And set a limit on an individual can amass wealth. Distribute generated wealth to workers as more wages. Simply using interest rate as tool to control inflation will not work.

As someone living in the U.K. I really haven’t noticed any difference to my standards of living apart from things being more expensive in supermarkets and high fuel prices but isn’t that synonymous to all western countries at the moment?

the problem is UK allows the investors and landlord to speculate on the price of house....We don't have this problem in Thailand

America's economy is in shambles also. I’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.

Quality journalism!

Concern about UK economic state is like being concerned that an obesse had to trim its meals.

It's okay everything is on fire just a little bit.

Germany better worry about itself.

What a bummer, poor Brits.... And after all, the City was supposed to be the "world's financial center" giving great prosperity to the Isles as the Brexiters' fairy tales told....

Anyone see all those employees at 1:35.....😮.....eventually those workers will also have to by the cars 😂

Also as someone who lived in UK until last year reason of high inflation in UK is quite simple - runaway profeteering. Due of lack of any reasonable price control, and dismantling of few consumer agencies they had, companies are allowed to steamroll over citizenship without any concern. Of course, few of them actually have savings to burn, but that is short term thinking which pushes more wealth to wealthy elite. Of course, current political leadership is this wealthy elite, so it is all good in their books. I expect inflation to pick up again due of rising fuel costs for winter. Let's pray for climate heating to deliver warm winter.

Huh. A German news channel suggesting that Britain's economy is struggling, when the German economy has crashed through the floor! Broadcast a feature about how the kingpin of the EU has gone bust.

Germany: Hold my beer ....

The UK has had such issues for a very long time. Productivity is low and they seem to rely on short term "quick fixes". The education system, housing market etc are very long term. The complete unpreparness for an energy crises is typical. Only after it is devastating is someone reacting. How about a plan?

Not as much as Germany's.......

We're performing a bit better than Germany but that's not saying much!

Living wages have not kept up with cost of living, it's the same in the U.S. We are, most of us; getting pay cuts.

the economy is out of control everywhere in UE

This guy being interviewed really knows his stuff. He's answered the questions superbly. Good interview DW.

Same thing in the US. How can two countries do exactly the same thing in their economy if it’s not a concerted and planned effort. Same interest rates hike- and same unaffordable housing, same inflation.

The current UK Government has totally destroyed this country's economic performance. I just hope the Electorate will realise, having witnessed the failures of both the 2 major, traditional parties they should carefully consider the strategy of the REFORM UK Party which in theory should address all the major issues we are all now facing.

And today's news it turns out that the UK out grew France and Germany 😂😂

7.33 - weak analysis. The markets punished the Truss government because they didn't believe cutting the higher rate was 'business friendly' - it would have had no effect on growth and it would have added to the debt. It's not like she was proposing an investment.

Why DW is making such assumptions? Looks like unfriendly kick in England’s butt. Let England speak on their own, make assumptions about Germany’s own economy😡👎🏼

War is expensive!

Yes.

No, they haven't lost control. The tories wanted to wreck it, and they have. Job well done.

It won't be so bad with the situation in the UK. They still have money left over to sponsor a war that is not theirs.

Decades ago yes...

I am an Indian citizen studying in UK right now. I believe a solid leadership could change the course of UK's future. It is not because of lack skills, but it is just a transitional phase from which people should come out successfully. Such situation by itself would raise a strong leader, is that you?

Imagine that the Bank of England considers unemployment as a "positive"!

I’m honestly unsurprised Green energy measures are being rolled back. Here in the UK, myself and my own family included, are struggling to heat our homes due to rising energy cost. Renewable sources of energy like wind just is not efficient enough and coupled with the uk leaving the energy zone, costs have risen further. It isn’t a good situation and pressing consumers harden with green measures will only exacerbate an already shrinking economy.

Higher pay = higher inflation. They get it wrong. The more money pumped in the higher the prices will get.

Sunak is getting richer, so Britain is getting poorer. Sunak and the UK are inherently different worlds.😢

No but I know Germany’s has lost control now

Uk left EU saying they are spending a lot. The schools here are old, no investments, smelling like mold. Where they take the money, cannot understand.

Are those castor bean plants in the background (it's the source of Ricin)? Can't grow weed, but castor bean is OK?

The economy is like a fire. You can add fuel, or water, or just not add fuel.

UK economy is not in chaos, it still has strong banking sector.

Great interview, thanks!

UK has only Harry Potter and JK Rowling in their politics. Its a meme country.

Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.

No point gloating at Brexit UK, the sick man of Europe, Germany, is facing a gloomier outlook with no prospect of cheap energy and accelerating deindustrialisation.

Yeah

In a normal sane world 4-5% is a perfectly normal rate. Yet somehow today it’s seen as horrendous?

I would love to know where this comes from! I drive around in England and the UK and I can't see any evidence that wr are any worse off than any other period In my life! I hate this constant comparison with other countries! If you haven't realised that we are all in it together reality then where have you been all you're life! I mean seriously! You're only ad good as you're weakest component! Grow up and wake up

yes

Place the "king" into Pubic Housing.

Rubbish! The UK's inflation rate, economic growth rate and unemployment rate are all within one and half percentage points of the average EU rates. Inflation is a little higher (+0.5%) in the UK, growth (-1.0%) and unemployment (-1.5%) are a little lower in the UK this year. Growth was also higher in the UK in 2021 & 2022. UK manufactured more than France in 2021 and total exports were only c.10% lower than in Japan. The pushback re some climate change targets (but not the commitment to net zero) is mirrored in the EU.

Theresa May once said this: "Once we have left the EU, we will be fully in control of who comes here. It will no longer be the case that EU nationals, regardless of the skills or experience they have to offer, can jump the queue ahead of engineers from Sydney or software developers from Delhi". However the illegal immigration has been more than pre-Brexit at the moment. She's one of the politicians who's responsible of this mess. They all need to be called to account now!