When would the UK citizens understand that Brexit was a bad bad idea
@saveandinvestwithgiorgiolo83754 ай бұрын
I think reality is setting in and most people in Britain realize that Brexit was a mistake.
@Officialnrb4 ай бұрын
The events in Brussels today show why Brexit was right. The fall in GDP per capita has been a result of mass migration
@saveandinvestwithgiorgiolo83754 ай бұрын
In part but even without immigration the UK economy has underformed since Brexit. Brexit has actually caused inadvertently more immigration. What has happened is that large numbers of EU nationals (well over 200,000 left in the last two years alone but many more in previous years ) have left and been replaced by nationalties from countries like India, Nigeria and Pakistan who tend to have more dependents e.g. the birth rate in Poland is 1.3 but in India, Nigera and Pakistan is 2, 5.2 and 3.4 respectively. It is also much more likely that families will join the person who has been given the visa permanently as they are much further away.
@kertuv4 ай бұрын
@@saveandinvestwithgiorgiolo8375 thanknyou for the explanation Another video on this topic would be much appreciated
@Officialnrb4 ай бұрын
@@saveandinvestwithgiorgiolo8375 Uk immigration policy re legal migration has no relevance to Brexit. More to do with Ukrain war Hong Kong and Afghanistan etc. Look at the increasing migration to post Brexit Italy and Greece. The Uk economy has underperformed but not to the same extent as post brexit Germany.
@garethjones68803 ай бұрын
As someone unfortunate enough to live here I can say we are literally screwed The brexiteers have taken control and Starmer is scared of his own shadow All in all, my children’s futures are bleak and we are looking into moving to France It’s so sad Started with Boris Johnson’s ego!!!
@saveandinvestwithgiorgiolo83753 ай бұрын
Yes the UK's future is indeed looking very bleak. A good time to leave.
@uweinhamburg4 ай бұрын
With the growing debt and the rapidly aging society, within a few years nearly all UK tax revenue will go into interest payment and old age pension, leaving nothing for any investment into the future of the country.
@saveandinvestwithgiorgiolo83754 ай бұрын
Not looking good for the UK.
@user-cc7yv9xl2i4 ай бұрын
Just like the rest of the EU, I know brexit looks awful, but with Germany de-insdustrializing, the whole of the EU is going underI know it doesn't look like it, but in 10-20 years brexit will have been a brilliant idea, then again, on 2024 looks like the most moronic move evern. So enjoy the worst of both world, being alone when you want to be in a group and being in a group, in 2040, when you wanna be alone.
@saveandinvestwithgiorgiolo83754 ай бұрын
@user-cc7yv9xl2i I think as ever the EU will evolve according to member states needs.
@user-cc7yv9xl2i4 ай бұрын
@@saveandinvestwithgiorgiolo8375 you're clearly not paying attention.
@uweinhamburg4 ай бұрын
@@user-cc7yv9xl2i The average Brexit mixture - whataboutism, hatred and just lies! I cannot remember one single Brexit supporter, who before the referendum has spread the message, that it will take several decades before any positive results will be visible!
@brianprice51524 ай бұрын
You are right culturally and economically we are poorer. The rise of nationalism, banning freedom to protest or restrict the right to strike,
@saveandinvestwithgiorgiolo83754 ай бұрын
Brian the UK in effect has the worst of all worlds.
@Officialnrb3 ай бұрын
Great news from ONS today on Uk economic performance.
@vranckenmatthew87944 ай бұрын
Depressing but true. Things are likely to get worse before they get better. The cost of living for pensioners like myself is crippling.
@saveandinvestwithgiorgiolo83754 ай бұрын
It does look like in the short to medium term it is going to be a very hard road for the UK. Inflation does tend to affect pensioners more than younger people but young people are also feeling the pinch with high rents and being unable to get on the property ladder.
@williampatrickfagan75903 ай бұрын
Ireland has a corporation taw of 15%. And is in compliance with latest OECD recondations.
@saveandinvestwithgiorgiolo83753 ай бұрын
Yes but just for large firms.
@KIIXI3 ай бұрын
Ofc mate
@saveandinvestwithgiorgiolo83753 ай бұрын
OK
@slowcal44 ай бұрын
Giorgio, among England, Wales, Scotland and NI, where would you chose your live in the long term given all the factors you mentioned in the video. I was looking at living in Ireland but the cost of living is way too high there.
@tomjoconnally37334 ай бұрын
Good question! looking forward to hearing Giorgios reply.
@saveandinvestwithgiorgiolo83754 ай бұрын
slowcal I would probably say the North of England e.g. Manchester where property is much cheaper than the south e.g. London/Brighton/Cambridge/Oxford but employment opportunities are still good.
@tomjoconnally37334 ай бұрын
@@saveandinvestwithgiorgiolo8375 There are still parts on London where maybe you can spend 400K on the 2bed apt.. and have all the bens London has to offer. Do not forget how many other world cities are sky high price wise at the moment...both for rental and sales prices. I agree totally in what you have said the video but many places seem to be going through a similar process. London:UK could be entering a similar phase to BsAs 100 years ago.. a slow painful decline.. agreed that no political party can reverse this process and only 10 or 15 years of total stability could bring some rest bite.. although not much chance of that taking place in this current world climate sadly.
@saveandinvestwithgiorgiolo83754 ай бұрын
@@tomjoconnally3733 To be honest in they are likely to be ex-council (which might be difficult to sell in the future) if you are lucky enough to find at that price although I agree 100% that many parts of the world have also become extremely expensive when it comes to buying or renting property.
@tomjoconnally37334 ай бұрын
@@saveandinvestwithgiorgiolo8375 referring to zones 3/4 East London…Stratford…East Ham etc… loads of nice Victorian housing stock out there still good value for London…district lines got new trains…abundance of nice parks etc…shortage of pubs but still a few stunners about. My money would go there & not the north of 🏴…even this hard Brexit hasn’t been able to stop London grinding forward…but quality of life there is questionable… 🤨 a young man’s city.
@maxharbig11673 ай бұрын
My thermometer is currency comparisons. The euro is the second reserve currency and the second most traded currency in the world after the US dollar. Compared to average rates for 2015 GBP is down 18% versus USD, down 15% versus EUR and EUR is only down 4% versus USD. So, who is appears to have performed better but, more importantly, which currency, GBP or EUR, is perceived as a better investment by the rest of the world?
@saveandinvestwithgiorgiolo83753 ай бұрын
A nice analysis. I would say the Euro is considered a safer bet.
@brianjupp17484 ай бұрын
Why start a company in the UK to sell to Europe with all the barriers far better to invest in Germany sell easily to the whole of Europe and to the UK if the importer will pay the extra costs
@saveandinvestwithgiorgiolo83754 ай бұрын
I have to agree. Leaving the single market was never going to benefit to companies based in the UK especially SME's
@williampatrickfagan75903 ай бұрын
A lot of American manufacturers set up shop in Ireland specifically to sell hassle free in the European Union. Easier to sell From Dublin to Dussledorf than Dublin to Dover.
@saveandinvestwithgiorgiolo83753 ай бұрын
@@williampatrickfagan7590 True
@anthonyferris89123 ай бұрын
But companies are investing in Britain! How to stop them? Sanctions!? 😂😆
@saveandinvestwithgiorgiolo83753 ай бұрын
Yep self imposed sanctions!!!
@euroman37264 ай бұрын
Broken Brexit Britain is a mess.
@saveandinvestwithgiorgiolo83754 ай бұрын
Sad to say I have to agree with you
@Officialnrb3 ай бұрын
Not such a mess as post Brexit Europe
@euroman37263 ай бұрын
@@Officialnrb The EU is thriving in comparison to the U.K. . Just back from Italy Portugal and Spain . Buzzing with thriving business . People enjoying a far higher standard of living and infrastructure that makes the U.K. look third world . Yes there are problems but nothing like the UK
@Officialnrb3 ай бұрын
@@euroman3726 Not if you look at the relevant figures re economic performance. In addition were we still in the EU labour plans for rail privatisation would be forbidden under EU law. The NHS is responsible for far too much of public expenditure in Great Britain to have any money left for infrastructure.
@euroman37263 ай бұрын
@@Officialnrb Brexit is a disaster on any measure . Immigration from outside the EU is the only thing that has skyrocketed. Most people now recognise that Brexit was sold on a pack of lies.
@williampatrickfagan75903 ай бұрын
Ireland were that shirt in 1980s. Not a very comfortable shirt to wear.
@saveandinvestwithgiorgiolo83753 ай бұрын
I did read Ireland was quite poor in the 1970s and 1980s
@ferayster4 ай бұрын
I agree with your points. But on the positive side, the education system is quite good and has historically been considered excellent,. This produces a very good talent pool for hiring into high tech jobs.. I think that wages are not so high (compared to USA). So these two factors are perhaps the main positives, for those who want to invest in high-tech or biotech sectors. But compared to US, the UK is still nowhere close in many other areas, and most investors do prefer putting their money in the US.
@kobalos734 ай бұрын
As a tech worker, and a former academia person I can tell you that the education system is terrible too. Designed to produce low skilled, shallow workers. The best talent is imported, both in academic institutions and high tech jobs. For example mathematics in UK engineering faculties is 1-2 modules when the corresponding continental faculties will have 5 or 6. The only reason the UK system still holds is because you can essentially buy your degree, and also the Anglo sphere has designed and implemented the global ranking systems based on their strenths and weaknesses. But for higher education look no further than than the US or the EU.
@saveandinvestwithgiorgiolo83754 ай бұрын
What I would say is that non fee paying High Schools in the UK are not great. The universities are good with the help of funding by high fee paying foreign students.
@saveandinvestwithgiorgiolo83754 ай бұрын
I have to agree.
@urseliusurgel43653 ай бұрын
@@kobalos73 I worked in academia and biotech and very little talent was imported. Continental higher education is constipated, many people do not get PhDs before their early thirties, while in the UK it tends to be at around 25/26 years of age.
@kobalos733 ай бұрын
@@urseliusurgel4365 I am not sure where did you do your studies but more than 50% of my PhD hub was foreigners and the % was even higher for postdocs. And I think by constipated you mean more difficult. Hard subjects demand time and depth, and the UK institutions are generally quite shallow. Everyone is passing the classes, which is in complete contrast to continental Europe where the level to pass is high, and definitely not guaranteed. This is why most Europeans start their PhDs later than Brits. Also, I have noticed that most Europeans do a 4-5 year degree followed by a master's and then a PhD, whereas in the UK a 3 year bachelor goes directly for a PhD. This is unheard of, and one of the reasons why higher education in the UK is a joke. It has become a quick degree factory line.
@stevencutts63143 ай бұрын
Recent UN data suggest we are now the fourth largest exporter in the world. We are the second largest foreign student sector in the world after the USA and the percentage of people in higher education is the highest in our history. We still have 17% of the global aerospace market. Recently our manufacturing output exceeded that of France. Service industry exports from London have increased by 47% since the brexit vote in 2016. Growth in the U.K. has been greater than Germany and Italy since the vote. Remember also that the long term potential for trade growth outside the EU is massively greater than within the EU which is a relatively stagnant market.
@maxharbig11673 ай бұрын
Steven Coutts Both Italy and Germany have a balance of payments suplus while the UK has a trade deficit. I've never heard of anyone in good shape, country or person, who bought more than they sold have you?
@stevencutts63143 ай бұрын
This has been the case since the early 1980s. No matter how much we increase our exports our import bill seems to soar ahead.
@saveandinvestwithgiorgiolo83753 ай бұрын
Good point.
@saveandinvestwithgiorgiolo83753 ай бұрын
Steven I agree that there is more growth in other markets outside the EU however the question is can Britain get better trade deals as a single country or as a larger block and at the moment it would seem to be the latter rather than the former. On a per capita basis growth has been lower than both Germany and Italy especially since Brexit came fully into effect. Thank you for your feedback.
@manoverboardfiddyaintnuthi53144 ай бұрын
English speaking nations as a rule are becoming places where retires struggle to make end meet due to the high costs of living. Like all economies there will be periods of feast and famine. Just look at china and Japan. Economies that we thought unstoppable just a few years ago.
@saveandinvestwithgiorgiolo83754 ай бұрын
Some very good points. Canada/UK/US and Australia are all English speaking countries where many people are finding it too expensive to live. Japan and China both have demographic issues with Japan having the highest total government to GDP ration in the world.
@williampatrickfagan75903 ай бұрын
What is the UK budget deficit?
@saveandinvestwithgiorgiolo83753 ай бұрын
4.4% of economic output.
@kippsguitar65394 ай бұрын
Any good news Giorgio? Maybe the Don, who is an enthusiastic pro Brit will save us with a trade deal, not a good situation Britain is in hoping for that, I am cashing in my UK assets medium term, hard to disagree with your observations, greetings from cheerful Thailand!
@saveandinvestwithgiorgiolo83754 ай бұрын
Greetings kipps. I hope you are well. I was trying to get some good news in but it was very difficult. Perhaps low unemployment is one bit of positive news. Anyway believe me you are far better off in Thailand than the UK.
@kippsguitar65394 ай бұрын
I absolutely believe you and you are preaching to the converted, great work as usual, cheers,ps, Thailand is suffering from a weak china, interesting world
@saveandinvestwithgiorgiolo83754 ай бұрын
Many thanks kipps. China has a serious demographic issue.
@Sat-Man-Alpha4 ай бұрын
😢
@saveandinvestwithgiorgiolo83754 ай бұрын
Exactly
@williamwong10694 ай бұрын
so what would be the best places to live😅
@saveandinvestwithgiorgiolo83754 ай бұрын
It depends on your budget and stage in life. If you can Italy could be a good place to live.
@leviathon24 ай бұрын
If only there some political union that would make it easy to move there.....
@saveandinvestwithgiorgiolo83754 ай бұрын
Yep
@nobbynobbynoob4 ай бұрын
British dependent territories: Crown Dependencies and British Overseas Territories The biggest hurdles are: - Housing shortages - Cost of living (higher than UK) - Visa/permit requirements in some BOTs
@williamwong10693 ай бұрын
@@nobbynobbynoob do you mean places like, Bamuda, Canary Island, British Virgin Island, etc? why do you think these are good places to live in?
@phatmeow77644 ай бұрын
dang it! i am about to create a startup that churns out made in the UK canned GMO jellied eels for the world to enjoy!
@saveandinvestwithgiorgiolo83754 ай бұрын
!!!!!
@yanacardillo74084 ай бұрын
Cappuccino in Boston cost $6.50... so UK is not that bad...
@saveandinvestwithgiorgiolo83754 ай бұрын
Yes but what is the average salary in Boston?
@saveandinvestwithgiorgiolo83754 ай бұрын
I have just checked the Median salary above 70,000 USD way above almost all cities in the UK.
@lazyhunk24 ай бұрын
Infrastructure in UK is better than my home country and you can get money and accommodation without working. Best decision of my life to take refuge before Brexit. I don't care about GDP till I get money without work.
@saveandinvestwithgiorgiolo83754 ай бұрын
LOL . I believe in hard work. Some may say I am a fool.
@lazyhunk24 ай бұрын
@@saveandinvestwithgiorgiolo8375 Thanks. Because hard working people are like you we get this money. Somebody has to pay taxes. In return, we have enriched the boring British culture. Bradford is a booming place now.
@saveandinvestwithgiorgiolo83754 ай бұрын
@@lazyhunk2 😀😀I sense some sarcasm here.
@user-eu4zy6rm3l2 ай бұрын
Only the 4th largest exporter in the world and growing. Great advice. 😅
@saveandinvestwithgiorgiolo83752 ай бұрын
Inflation!!!
@paulkeenan26914 ай бұрын
Poverty line in UK is 18.9% -compared to 14.3% for India -
@kippsguitar65394 ай бұрын
Ridiculous, go to India and see
@saveandinvestwithgiorgiolo83754 ай бұрын
Paul come on India is much poorer than the UK.
@saveandinvestwithgiorgiolo83754 ай бұрын
Actually more than 250,000 migrated to the UK from India in 2023
@chrisj87644 ай бұрын
This seems an elementary error relating to the level of inequality in a society eg a very rich society with severe inequality will have worse poverty line levels than a poor but equal society.
@saveandinvestwithgiorgiolo83754 ай бұрын
True.
@jontalbot14 ай бұрын
I hate Brexit but this is just plain stupid. You do not invest in a country you invest in companies. If you want a different picture refer to the CEBR forecast which is more optimistic largely on the basis of strong growth in high tech start ups- twice as many in the UK than France and Germany combined
@saveandinvestwithgiorgiolo83754 ай бұрын
Investing in a country can be in the property market which I definitely would not recommend in the UK ( I have already done a video on this) or its infrastructure. I would not invest in UK Tech Companies either. Tech companies in developing Asian countries have far more potential.
@jontalbot14 ай бұрын
@@saveandinvestwithgiorgiolo8375 You know jackshit about investing.
@saveandinvestwithgiorgiolo83754 ай бұрын
Thank you for your detailed analysis. I have done just fine.
@jontalbot14 ай бұрын
@@saveandinvestwithgiorgiolo8375 yeah right
@garyb4553 ай бұрын
Britain has become the world's fourth largest exporter, fresh figures have shown - despite warnings that international trade would fall off a cliff following Brexit. The UK has shot up from its previous ranking of seventh in 2021, United Nations data has shown, rising three places in 2022. In doing so, it has overtaken France, the Netherlands and Japan in the UN Conference on Trade and Development (UNCTAD) statistics for goods and services exports. It seems like you remainers are talking rubbish
@garyb4553 ай бұрын
Living standards in the EU are below every State in the USA except two States. You got nothing to brag about
@saveandinvestwithgiorgiolo83752 ай бұрын
My point being UK living standards used to be a long way above the EU average. Nothing to do woth bragging but only sadness.