"Banging Our Heads Against The Wall!" | Economist Analyses UK Budget

[@Jakepattison42]

They don't care. About the UK or it's people. The wage gap here in the UK is growing wider and wider, meaning no matter how hard you work a job, it's not enough to keep up even before inflation. Fewer people can afford to save, much less invest, but here's a billionaire telling us not to be envious as millions are left behind. The issue isn't our "envy," it the greed of the plutocrats who take, take, take. It's not "envy" when people just want to pay their bills and not worry. What a joke.

[@CindyValenti]

Things are a bit strange right now. Inflation is making the currency weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.

[@Derekhoffman312]

If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. What I figured out years back what that with proper guidance, we can predict some of these situations and take advantage of them. Have you considered seeking the help of a financial advisor? I have been working with one since the corona lockdown, and she has been instrumental in navigating these difficult times. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till Q2 2025.

[@Pconradsmith]

That sounds like a good idea. Could you share some details about your financial advisor? How can I get in touch with her?

[@Jpoteete]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@Derekhoffman312]

Annette Christine Conte is the licensed advisor I use. Just google the name and you'd find basic info. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@deanpartington792]

Just get rid of LABOUR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@michaelknight3270]

Oh, you mean get rid of them in 4.5 years!!! They've just been elected in 😂

[@michaelm49381]

Conservatives weren’t any better !!!

[@2010LeeG]

That will solve sod all, they are only puppets.

[@mcharrisment4765]

​@@michaelm49381- strewth this is bad. Yet you think it was just as bad under the previous leadership - get help will you

[@gjn17]

@@michaelm49381Sunak lifted economy from Lizz truss disaster

[@andyt48]

The whole world is laughing at us, exactly. I remember doing my homework by candlelight and freezing cold, looks like we’re going back to those days, madness.

[@gavinspiby8304]

Europe as well Australia Canada net Zero destruction

[@r1bew42]

The World Economic Forum isn't make believe you know. They did tell you, "YOU WILL OWN NOTHING AND YOU WILL BE HAPPY". Its not a Conspiracy Theory.

[@anthonybartlett6924]

playing scrabble by calor gas lamplight.

[@DenisHussey]

It will return

[@knoxyish]

@@r1bew42 thats what they think

[@Deeps__]

My dad's a retired senior person at BP exploration. He said the UK self imposes a stupidly low sulfur requirement in gas.

[@caracal9458]

sounds sensible

[@karenbarker9474]

So good to see Liam, I have missed seeing him on GB News❤️

[@advocate1563]

Liam's such a clear communicator.

[@Van-1954]

Milliband is mentally unstable and should be locked up but he won’t suffer we will we must stop this madness

[@YakovShani]

Miliband should be under supervision on the Funny Farm. I do not say this with even a sliver of flippancy. I am deadly serious.

[@suzann2531]

I’d like to know if he has claimed his energy allowance

[@RobMedvedev]

But british people keep voting people in

[@leonbell5141]

Ed can’t even eat a bacon sandwich 😂

[@Bluejohn]

You would have to lock up the whole government as they are all as mad as Milliband.

[@mikemlock8011]

LIAM NEEDS TO GO AND HELP REFORM GET OUR COUNTRY BACK ITH COMMON SENSE POLICIES

[@jasoncooper1728]

Get our country back 😂😂😂 DELUDED if you think farage will do that

[@garyh1572]

And say goodbye to the NHS .

[@richardyates7280]

​@@garyh1572Scaremongering

[@peterosullivan8200]

happy as long as he stops saying "guess what" 😀

[@petergordon4525]

Liam used to be a regular on GBNews, used to like his explaining of the economy etc. Need to find him here now!

[@darrenpatto2475]

Absolutely Brilliant from Liam. He certainly knows is stuff in layman’s terms. Alex thanks for a brilliant guest and show.

[@petertodd-fh5sb]

Ed has always been bonkers every thing he says doesn't add up

[@YakovShani]

Miliband ran for PM a few years ago, remember ? Interview. Reporter to Mrs. Miliband : Do you think your husband would be a good PM ? Mrs. Miliband : I believe that Ed would make a great PM.

[@imagecollections6665]

It used to cost my business £2.20 to send an order in 2020, now it costs £4.60. Sold my business off & got a full-time job.

[@willharris2278]

It never ceases to amaze me how badly this country has been governed. Its all about short term profits going to investors rather than back into supply.

[@raymondfry5763]

The investors are union pension funds that want the highest profit for their members, or they would be failing their members.

[@garyh1572]

@@raymondfry5763 That's what a pension fund manager is supposed to do !!!!!

[@npcknuckles5887]

Investors need to be rewarded for their investment choices, otherwise no investment, and then nothing is ever funded. The reason why this country is run so badly is because we trust leftists to run it, despite leftists only ever creating poverty, destruction, misery and suffering wherever they rule.

[@jonboy9912]

The Bank of England is not independent it is politicised and the market sees this!

[@pujapete3665]

private bank

[@eelesey1]

A Rothschild (jewish) run private company

[@Bluejohn]

We need someone like Liam Halligan as Chancellor not Rachel from accounts who couldn't run a market stall

[@campbellmcconnell5766]

Rachel from complaints.

[@knoxyish]

lucky really could havve had nobrainer raynor.........or village idiot lammy !!!!

[@Pat13-z8o]

She couldn’t run a bath

[@Brownrigglynn2126]

Love these two. GBNews was insane to let them go!!!

[@WylieWasp]

1:28 I do not understand why we need to import liquefied natural gas when we have natural gas in the North sea more than enough to keep us warm 😡

[@sercanaksoy4589]

Because someone else is pulling the strings to this country but it's okay we can buy overpriced LNG from our special friends Instead of cheap gas from central Asia make it make sense

[@npcknuckles5887]

It's an effective means of purposely impoverishing the country.

[@righteousmammon9011]

@@sercanaksoy4589I can assure you this that the US, having some of the lowest electricity prices in the world, would rather not sell you the gas because it increases the price for us at home. Much better for us to keep electricity costs low and sell finished goods manufactured with that gas that are higher up the value chain

[@adventtrooper]

About 50% comes from domestic, the rest is imported. Not all as LNG thankfully, as recent studies found it had a higher co2 footprint than coal because of the processing and transport. Like the wood pellets from Canada for biomass, Super green. Absolute lack of joined up thinking by successive governments.

[@shingerz]

Well explained by that chap 👍

[@craphat1873]

NO MORE BENEFITS FOR NON UK CITIZENS. NO MORE NHS FOR NON UK CITIZENS. NO MORE HOUSING FOR NON UK CITIZENS.

[@caracal9458]

Is that Elon?

[@Will-m6e]

@@craphat1873 NO MORE MONEY FOR NON UK CITIZENS DISARM RAPISTS - PERMANENTLY

[@AndyP-b9z]

Please TalkTV make Liam a regular guest

[@petergordon4525]

He 7sed to be a regular on GB news, always wondered where he went

[@AndyP-b9z]

@@petergordon4525 I guess GBNews couldn't afford him and got some wet behind the ears intern to replace him.

[@patchpeek]

No matter what Reeves thinks _"You cant buck the market"_ to quote Maggie Thatcher

[@martynsmith8120]

Everybody needs to take their money out of the bank. Finacial institutions would collapse overnight, lose all their power and would be restored the British public rather than merchant bankers.

[@martin1125]

As a small business owner I can tell you that business has fallen off a cliff since October, every other business I talk to is the same, it's worrying times!!

[@whitehart11]

15.5% of our electricity is being imported at the moment 1745hrs. Great energy security that is!

[@PaulJames-k8v]

Tory Party really screwed the country over with this.

[@jeffreymelanson4549]

Rachel from accounts needs to be held to account.

[@campbellmcconnell5766]

Rachel from complaints. I'm fed up of pointing this out.

[@merlinp380]

Labour Govt is utterly hopeless

[@stevenvater8720]

Liam as always, spot on .

[@James-pyon]

10 million out of work and the truth is they're are no jobs for them.

[@Stealth360stealth]

excellent analysis from Liam

[@hughmuir3063]

If they get rid of all the gasometers, where else can they store the gas ? For some unknown reason, our governments never support our companies. Why ?

[@calvintaylor4033]

Governments are failing us, can't even get some of the basics right. Need to start paying them on performance.

[@garyc7464]

They'd be paying us then.

[@Will-m6e]

Reeves has almost run out of our money.... then put her in jail, for gross stupidity 🙄

[@Pat13-z8o]

That woman couldn’t even manage her personal credit card so what hope have we got

[@deanmercer424]

Bring back coal & oil would provide jobs & an income. Instead of importing it.

[@DonaldStokes-p]

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.

[@PASCALDAB]

It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.

[@Tonyrobs2]

Many people minimise the importance of advisors until their own feelings become intense. A few summers ago, following a protracted divorce, I needed a boost to keep my firm viable. I looked for licensed advisors and found someone with the highest qualifications. Despite inflation, she has helped me increase my reserve from $275k to $850K.

[@viviancarolgioao]

How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

[@Tonyrobs2]

My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@viviancarolgioao]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@HowardSherwood-v7q]

Can you imagine the reactionof the Chinese when they meet Rachel from Accounts!

[@GP-pw5wb]

Sniggering behind her back no doubt, should be back in London behind her desk trying to avoid the economic tornado that's developing.

[@peteraston4753]

7 year old chinese person will tell her to go and study maths with them

[@Jeremiah59]

The worst thing as you say, this need not have happened. build those nuclear reactors, make electricity prices cheap etc. Yet they seem more concerned with giving pay rises to train drivers...

[@mcharrisment4765]

Fiscally inept are the previous leading three parties. Bring on The Reform ❤

[@aficio698]

This country is in terminal decline. The vegetables are in charge.

[@npcknuckles5887]

By vegetables I expect you mean leftists.

[@aficio698]

@ no I mean turnips n swede’s.

[@Geoff-lu3jt]

Right now, gas 55%, imports 15%, nuclear 11%, solar 3%, wind 11%. Succesive governments have done this and milibrain wants to do even more.

[@robbailie5878]

The government, rather than going with Rolls Royce will go with another foreign company to build our SMR's.

[@kevablade]

Sorry but I think rolls Royce is actually owned by BMW

[@robertdavies8305]

According to the financial services UK is not even enough to pay the interest off. Reeves the customer service. Has no idea what she is doing and neither does Starmer. But why should they care they are filling their pockets with the UK borrowed money.

[@robblack7560]

The UK is an island of coal in a sea of oil - what's the problem?

[@npcknuckles5887]

Leftists.

[@pkkerley6028]

Tree huggers !!

[@thehoodfab1]

Net zero foolishness is the problem. They'll come out of this millionaires. Follow the money.

[@npcknuckles5887]

@@thehoodfab1 Yep, net zero is a huge money laundering con job, which primarily provides jobs for leftists, huge sums of money for special interests (well-connected leftists and leftist NGOs) - - all funded by the taxpayer who doesn't have a say in it.

[@Will-m6e]

Clearly the civil service is wrong.. anyone with brains knows you need a reserve supply, for when someone bumps the prices through the roof...

[@randomcomputer7248]

yep the USA buys fuel when the prices drop and then introduce it when its expensive. we are fools. led by fools

[@surfcitiz]

The DWP pays benefits and pensions to over 20 million people at any one time. The taxes, including corporation and income tax, and cost of living are currently at historically high levels. I scratch my head, where this economic growth is expected to come from?

[@williamthurl2607]

Why do we have a lying schoolgirl as Chancellor when there is someone as clear-thinking as Liam Halligan out there ?

[@thehoodfab1]

Because they are only in it for themselves . Follow the money.

[@garyc7464]

We HAD gasometers all over the country until very recently, but they seem to have been taken down and built on in most cases...

[@thehoodfab1]

Same with power stations. They are systematically destroying our much needed infrastructure .

[@johnj4860]

Exactly so. Taken down in the same stupid headlong rush into industrial devastation that thought demolishing power stations was a good idea. Common sense would have been to mothball some of the best ones like Fiddlers Ferry, Eggborough, Longannet and Tilbury B. It would have been a logical step to add nuclear steam raising plant to their generators. Grid connections already in place. Magnox is proven technology and we could have 50 years breathing space. Instead we've got art student thinking deciding policy.

[@Lea-ce2vf]

Balance - it’s all about balancing power sources to meet our energy needs cost effectively. Taxing the oil and gas industry through the nose and stopping awarding licences for field development is lunacy

[@CarolSkelton-b6d]

If this incompetence continues Labour will be utterly finished for a very very long time.

[@chriskellyGolf79]

Ed has to go, he is every bit as dangerous as Reeves! This Govt. are a disaster and I don’t think that’s an overstatement

[@jimbo3075]

The cost of net zero.

[@rampak1]

Building the Severn Barrage would produce 5% of the country's electricity in a green, reliable and predictable way - but it has been ruled out.

[@alanpotter3146]

Why is he no longer on gb news,have they shot themselves in the foot again? this guy is brilliant.

[@ColinHirst-m8j]

China is the least of our concerns and we would be better served to reduce our reliance on them and manufacture more in-house regardless of higher costs.

[@OutRAjious]

Good Explanation 🎉

[@GrahamLangston-i5n]

And this is before they build all these new houses we don't have the electric water or interstructure

[@TheMerlin672]

Bang on the nail with that statement, Alex. If Reform do somehow beat the political class and form a Government, then Liam has to be the number one choice for Chancellor.

[@robmthe1st]

And turning a blind eye to clean nuclear mini rolls Royce reactors. Sounds like corruption to me.

[@ejp6581]

I agree with Liam 100%. So depressing that our policy-makers are so completely clueless.

[@thehoodfab1]

They know exactly what they are doing. The problem is that it's not to benefit the public.

[@paulashurst1719]

We had massive gas tanks in Birmingham for decades labour council got rid of them

[@malcolmlakin5265]

When I consider our esteemed Chancellor's visit to China for the purposes of 'borrowing', I am reminded of those individual's and business's, who having tried and failed to obtain borrowing for all legitimate sources, have no option but to turn to the blackmarket, back street lender's, who will lend you whatever you want, together crippling repayments or other conditions. I am therefore, left wondering, if she is able to attract interest from China, to want is she committing the UK? To use an Americanism, what will be our 'vig'?

[@PhilipHardaker]

So the girl from Pudsey / Bramley is making a complete mess of it all, well what did you expect, put a junior in charge and that’s what you get!!!

[@Vivalasvegas123]

Its not a budget anymore its just tax after tax

[@gaynorwilloughby7658]

They’ve got rid of gas storage over the years to build houses on the land.

[@stephenhulse3299]

Why is no one asking when do rich people and politicians get a cut they cut everything else, pensioners, farmers, low income, disabled, old people, young people, working people, charities. Politicians should give 45 percent of they wages back to the government for underperformance and bad work and for not doing what they job is.

[@markbrowne1967]

Do not implement renewables in large scale and enormous cost! Focus on the modular reactors where we lead the world amd sell them overseas as well. There’s a policy that would help growth!

[@npcknuckles5887]

They don't want growth, though. They want decline. China can grow, China can get more powerful, China can get richer, but the non-communist West must be purposely undermined and set on a path of economic decline.

[@johnj4860]

We were amongst the world leaders in nuclear technology once. But we aren't any more. We could be but not without some intelligent leadership and that's missing at the moment. Leave engineering to engineers not art students.

[@fortlast1843]

The Chancellor is clearly out of her depth, we need someone who knows how real finances work.

[@Fulkumnuts]

LIAM WE NEED TO FRACK ,OIL, COAL AND STOP 🛑 BEING IDIOTS THE COUNTRY'S IN A MESS 😮

[@JustTakeAMoment]

No we wouldn't enjoy power cuts Alex, we had the electric go off due to a fuse blowing at the substation and it was no fun whatsoever. I remember the 70's well and it wasn't good.

[@Lib-vm5uw]

11:05 I agree.

[@pujapete3665]

bought gas bottles for cooking on camp stove and candles

[@caterthun4853]

Boris said he would commission a small nuclear plant every year.. When will the first Boris generator come on line. Why has the BBC not highlighted the building of these reactors that were being built by the last government

[@garyanthony5292]

China has many serious financial problems itself and a 600M deal with China is a drop in the wrong ocean! Liam is spot on with modular nuclear and the 10 year Gilt and the state of our economy.

[@ColinHirst-m8j]

That’s what happens when you rely on external providers and ignore self sufficiency . Fracking is one option .along with moving away from gas to sustainables.

[@HarryCarrr]

God help us

[@leeseyr503]

Worae thing about all this, is people actually believe changing governing parry will help, it matters not whos the "front man" when everything is utterly corrupt,bloated and run by those we dont gwt to elect. The entire system needs a radical overhaul, but not enough people can graap this concept

[@DenisMclean-e9o]

But we have to buy it from outside our country. Which means we’re in debt to other nations.

[@Jazzyk83]

Not a single penny worth of what could have otherwise been done Is was bound to collapse after 35 years of building regulations for single home owners

[@marumaru6084]

This country shut gas storage!!!

[@bowjana8128]

You won't live in a country as bad as England

[@Christine-d2s]

She is doing none of It.because she doesn’t know how to

[@dscotia]

Absolutely, bang on with the description on the Government Debt. BoE is a joke as a player in this game!

[@Jazzyk83]

The state bank does not need to sell bonds at all. Stop offering the bonds to the market for now. It is space science.

[@bdoubleeb3039]

I’m seriously considering not paying my self assessment at the end of this month

[@topherprofit8814]

Get on with it!

[@3D_Printing]

The more things cost the more tax they get

[@victorgrainger895]

We seriously don't have a f**kin clue - do we

[@garyc7464]

The government doesn't.

[@johnj4860]

Art student mentality has become established when engineering SHOULD be leading the way.

[@paulmartin6249]

All Reform voters stop spending, that will get rid of dirty labour.

[@siuhungchan8745]

Frankly,market is always right.

[@pujapete3665]

amazing how the worst people get control....same in nhs.we need skilled buisness minded people not form tickers

[@deanos102]

didn’t t most big towns and cities have massive gas storage tanks , what happens to those as they all disappeared

[@RachelRiches-z8d]

Is over £100 a week over £100 a week for gas and electricity that's more money than I have I have no right to work

[@christinedover]

Mine is the same,1 month electric was £357 and my gas was £147,that’s over half my pension,it’s ridiculous

[@mbpinder]

I've just looked at the Energy Dashboard & at the present moment about 2/3 of our electricity is being generating by gas & nuclear. (10 pm 11th Jan 2025).

[@SimonBerry-v6l]

The government won't spend because we haven't got the money, it's all going on the overseas aid budget.

[@arranodoherty4372]

​@@ShyTalks-d8bbot

[@rtgh2010]

Labour and Tony Blair was a dirty too.

[@andrewsims8135]

How do I lend money to the British government at 5%

[@garyb455]

Growth only comes from investment, and people only invest when they can make a profit on their investment. Labour want to Tax all the profits away so no investment. This is not complicated but Labour always seem to be unable to get it

[@johnj4860]

We could re create the CEGB. Keep it UK state owned and fund it during a construction program of nuclear stations. Initially fast track a few magnox stations as they are proven technology AND we have the designs. It'll provide a 50 year stopgap during which Rolls Royce and others can develop next generation units.

[@bdoubleeb3039]

No matter the party, there going to have to increase taxes and cut spending. Our economic situation is so precarious we are controlled by the markets

[@cindyfaulkner5725]

If we do have blackouts maybe then just stop oil might learn a lesson, I have no doubt they will be crying when they can't use their phone, the internet and have no heating and can't heat up their lentil soup

[@aficio698]

Yes we have nuclear coming online in the form of Hinckley point. Issue with this is it’s owned by the Chinese and French. Significantly over budget pushing up the cost to the consumer. Another disastrous government poor administration.

[@johnj4860]

Recreate the CEGB and nationally fund it for research, development and construction. Build state owned generation. If commercial operators can build and operate at a profit our own team can build and operate without adding overseas profit costs. Privatisation of UK electricity generation was a huge mistake.

[@craiggeessports1677]

Starmer knows what he is doing , 😂😂😂😂 Get your candles out .

[@suzann2531]

If she gets booted out where she going to live apparently she’s rented her house out.

[@paulmardle8901]

sounds like her from accounts has messed it up