Is UK Heading Towards ANOTHER Recession in 2025?

[@TheOffroader7458]

I will be 60 next year and can't believe how this country has changed in my life time, it fills like a race to the bottom

[@heinkle1]

This happens across the annals of history - what goes up must come down. The West has probably had its day. We’re slowly being islamised anyway.

[@VincentRE79]

@@TheOffroader7458 The financial good times are over and this government will only make the current situation worse.

[@deezeed2817]

Capitalism doesn't work. The UK was an empire that drove the growth engine that was the industrial revolution. Today other countries can enter into bourgeois relations and therefore the UK is completely worthless in the globalised world. It can only decline further from here on.

[@arthurdixon5890]

I agree. I’m 74, still work full time and the future looks grim. 40 years of bad governance have led to this. Best wishes….

[@larslarsen5414]

@@VincentRE79 Clearly the fault of the despicable vindictive EU!

[@ellaaysun6181]

I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but l'll also have at least one pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Retiring comfortably in the US these days is almost impossible.

[@SissyJosito]

I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

[@KarencitaSacher]

I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??

[@DaraangelyHarvie]

Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

[@JessieeAlmar]

Please stop gentrifying countries

[@JessieeAlmar]

How can i reach Stephanie if you don't mind me asking? Heard she’s an IA.

[@OMEGOOLIEBIRD]

Anecdotal perhaps.. but I run a small company manufacturing industrial products.. it went from being quite busy, to not having a single order since the latest budget. The business has been around for over 30 years, but next year we will have to close unless something dramatically changes. The only calls we get now are from suppliers who are searching for business because they are in the same boat. This is way worse than the figures suggest.

[@MasterWhimp]

Thanks for the pointless anecdote 😂😂

[@allykhan8594]

Me too, run international. Local business crapped.

[@hughjohns9110]

Been there, in 1981.

[@allykhan8594]

@@OMEGOOLIEBIRD the picture like this but unreported. The banks know thats why thr pushing down interests. Transactional levels have dropped!

[@itscooldawgdonteventrip]

@@MasterWhimp pointless? I am not sure. That's how you know about reality. When your chauffeur or uber are talking about crypto you know it's time to sell. When the street man who follow an economically channel is talking about the "directeur d'achat" are void it's relevant. Stats matter to be honest I agree. Anecdote is not what matters. Okay but it's still a signal. 30 years of work. first time nothing. to be it's relevant. How it's a fake comment. Look at the signal in your real life. Yeah that's more honest or important but if what you see everywhere corroborate. I thing it's relevant. But yeah at the end of the day you can be the only one to win in a sea of failure.

[@pgr3290]

UK is just being badly held back by lack of movement on critical factors that governments have simply not addressed for at least 25 years now. Lack of housing. UK has near the least number of dwellings per head of any country in Europe. Instantaneously that drives up the cost of something everyone expects as a basic necessity of life- somewhere to live. A house now relative to wages costs double what it did in 1999. Then there's energy- UK has some of the highest electricity prices in the world. Much higher than Germany or France. This is a combination of factors, but not at all helped by lack of planning for new generation, constantly pushed back for decades until we end up here. Infrastructure investment has been terrible. Defence investment and procurement disastrous. Water companies are run by criminals. Councils are broke. The number of people refusing to work is sky high, the benefits bill off the charts and net migration absurdly high. All total failures of government. Everywhere I look, everything is being run into the ground and the country is perceptibly a much worse place to live than just 20 years ago. If the ship is not steadied within the next five years, I'm out.

[@davidgill8996]

It will only get worse.

[@taffyterrier]

It started with Thatcher.

[@RichardCaldwell-j8z]

@pgr3290 I gave up on the UK and permanently left in 2007, glad that I did. I'd never live in the UK again to be honest. Good luck folks 👍🏼

[@carlbland68]

@RichardCaldwellMSc wish i could leave its so screwed

[@stephenthomas3085]

Already left, I went in 2016, I could see the writing on the wall then. Good luck with leaving now if it's to Europe you want to go, we haven't so much burnt our bridges as napalmed them..! Thirteen years of arbitrary austerity and incompetent government , leaving the single market and customs union without planning, preparation or understanding and chronic short termist laissez faire economic ideology - inter alia.

[@1414141x]

As a retired man from the building trades the first thing I thought when Labour announced the huge house building decision. 'Not a cats chance in hell' I thought. My first thought is where are all the tradesmen ? To acheive the builds required for these houses/apartments you are going to need tradespeople - the joiners, the concreting trades, the surveyors, the bricklayers, the electricians, the plumbers etc etc. You don't trains an electrician or a plumber in a year - it takes at least 2 years at day release college to get basic plumbing and elec qualifications. So lack of available manpower in these trades will slow everything else. Plasterers can train a little faster, but bricklayers need a couple of years to get up to speed, as with joiners. And what about the 'professional' chaps - the building inspectors, the architects, the surveyors ? They take even longer as much of it is knowledge based - and of course expericenced is required. Then there is the land - where is that going to be taken from. The big housebuilders are also saying they cannot build houses 'on the cheap' of course ! It is not going to happen - totally absurb. We have know about the housing shortage for decades and have done little to challenge it. Nothing will change because of lack of money and resources. The housing shortage is going to bring a lot more misery to the people of this country as we fill up week after week. I am not going to state the obvious as to why - but something very decisive (and controversial) may need to happen.

[@KhunAdam]

Most of them have gone to Australia for a Working visa holiday😀

[@TheQNSzzz]

Just to get a simple roof leak fixed and internal redecoration from damage has been a small hell this year - quoted 5 days to find and fix leak (at eye watering cost). Took 5 months and one sacked, incompetent roofer. Redecoration still not complete. Beam me up Scottie from this uninhabitable planet 😂

[@KhunAdam]

@@TheQNSzzz or maybe a lot of tradies went back to Europe after Brexit? Just speculating.

[@FrankyRemo]

I started my brickwork apprenticeship in 1976 at the age of 16. At that time, you would spend the first six months in college, doing both practical work and theory five days a week. We covered everything from drainage and building egg-shaped sewers to constructing arches and topping out chimneys. By the end of that time, we went out on site and, to a minor degree, were fairly competent! In reality, we didn't need to learn much of the overly complex stuff. (I never got to build a real egg-shaped sewer, nor did I ever construct any ogee arches!) With the simplicity of house construction today, I would guess you could train construction workers within months-of course, that’s assuming anyone would want to do the job!

[@graemebarriball303]

Most of today’s young people are not interested in the trades, they are seen as jobs for those that fail in academia. The attitude of schools to trades needs to change of we are to retain capacity to build anything at scale.

[@pauljohnson4948]

This is probably a consequence of having people in power who have never worked in the real world & only have gone from university into politics.

[@peterwait641]

Cameron only got to be PM by chance and did not have a clue what to do, austerity damaged the economy while his own wealth increased .

[@patdent]

@@peterwait641 Johnson also didn't have a clue. Truss was worse. Sunak was more of the same. A 14 year car crash is not going to be repaired in six months, yet the idiot media seem to think that Starmer needs to be sacked because he hasn't got a magic wand.

[@mikethebloodthirsty]

It's not even that... It's that there fanatics, ideologues... they don't care about people, only reaching unachievable goals at any cost. Zero this, zero that... At all costs, regardless of how they do it. If you want to be ungenerous, you could even suggest it is almost fraudulent the way public money is being syphoned off into private wealth.

[@mikethebloodthirsty]

​@patdentTruss was booted out because she tried to do something different, stop with the lies about her, it's pretty much agreed the mini collapse was caused by OTHER factors that the bankers blamed on her as she was trying to get power back from them. Reeves proposes to deregulate them again, as they were before 2008. She's tanking the economy worse than Truss, and yet NO or very light criticism of her in MSM, why?.

[@MrPsaunders]

define 'real'

[@Spscc23998]

Those of us who can remember the 1990s can really see how far we have fallen. 30 years ago, everything just "worked" so efficiently. I could walk into my local GP surgery and get seen after a short wait in the waiting room, no appointment required. The level of service, in shops, restaurants and government offices was much better, and people were a lot more patient and polite generally. Plus, I felt a lot safer than I do now. If you were unfortunate enough then to be a victim of a crime, your concerns were addressed promptly by the Police and the crime was actually investigated. Hard work was rewarded, taxes were less onerous, the future looked bright. I thank God I'm not starting out as a young adult in 2024. If I was, I would be making every effort to emigrate ASAP.

[@Hemswell]

Indeed it did. Then the Stan and Olly of the political world came along in the name of Blair and Brown and set in motion the total decline of the UK through Stateism. We're fuc€ed now.

[@DH39943]

To where? it’s not the like state of economy worldwide isn’t better. Most first world countries are going through the same problems…

[@threethrushes]

@@DH39943 I emigrated in 2015 to central Europe. It was clear that hard work, innovation, and entrepreneurship were not rewarded in the U.K.

[@DH39943]

@@threethrushes that was then, what about now? We can’t water the grass here to make it green, where we watering it?

[@MountRushCollymore]

@@DH39943 And for similar reasons.

[@fleecejohnsonn]

Seems like the UK is on a pretty bad trajectory right now. Lot of similar problems in the US but not as bad as the UK thankfully.

[@EdgyNumber1]

USA hasn't had Brexit though.

[@suntzu94]

Similar to the US 😂😂😂😂 what a load of bollocks

[@hughjohns9110]

@@EdgyNumber1 so you think everything would be rosey if we hadn’t had Brexit…..how does that work then with EU economies in much the same boat as us?

[@WillyJunior]

​@@hughjohns9110Remoaners don't use logic, they just read the Guardian and repeat what they're told 😂

[@Richard1A2B]

​@hughjohns9110 here is how it's going for EU (and I threw in the USA for comparison) data source Trading Economics 12 month GDP: Malta 4.9% Croatia 3.9 % Denmark 3.9 % Cyprus 3.8% Spain 3.4% Ireland 2.9% USA 2.7% Poland 2.7% Bulgaria 2.4 % Greece 2.4% Lithuania 2.4% Portugal 1.9% Netherlands 1.7% Slovenia 1.4% Czechia 1.3% Belgium 1.2% France 1.2% Luxembourg 1.2 % Slovakia 1.2% Romania 1.1% UK 1.0% I gave the 12 month figure which is kinder to the UK which has actually contracted in the past two months allowing Germany's performance to over take it slightly this month.

[@slinkydonkey]

We are becoming a poor country

[@ontheslide2339]

it already looks third world...

[@mongoliandude]

We already are a poor country. The UK economy outside of London is comparable to that of Slovenia’s. For context, I happened to visit Slovenia a couple of months ago and its capital has a population of only 300k people…

[@elbuggo]

Import the 3rd world, become the 3rd world.

[@Steamerbeen]

Becoming! 🤣

[@mowogfpv7582]

We have been a poor country since 2008. There was never a recovery.

[@alexpavlides2047]

I have decided to leave the country next year. I'm 42, work in tech, have a PhD in maths and yet I feel like unless I live in London I have a bad choice of career options. I was lucky to buy an ex council house in Bristol 5 years ago but moving to a better area is beyond reach. I've decided that I may fair better in a cheaper country and at the very least have a better lifestyle. The UK is not only expensive and run down, but joyless.

[@robjonson629]

I left a tech job in London 14 years ago, moved to cornwall so we could afford to buy a house - now we are moving again, to Bulgaria so kids can also afford to have their houses and families, the UK will just be an island of politicians and immigrants soon

[@aktolman]

I moved to Spain on a digital nomads visa! If you can get beckham law it’s 24% flat rate tax. It’s sunny here, and 2 euros a beer when you’re away from the coast.

[@grahamkemp5102]

Rob, you're going to be an immigrant😂😂😂😂😂

[@threethrushes]

Joyless, hopeless. I emigrated in 2015 to central Europe. It's like night and day. Anyhow, you're smart - you'll be fine wherever you land.

[@sup9023]

Keep making these macroeconomic videos about UK, really helps me as a law student.

[@PhillCurtis]

Read a book?

[@pedrobarbas69]

@@PhillCurtis Books about the current state of the uk ? Goodluck finding that.

[@stephfoxwell4620]

We are about to hit a brick wall. The babyboomers start to turn 85 in 2028. Huge care home bills. A flood of too big property to the housing market. Less spent on leisure and entertainment. Middle aged people burdened by old parents. Inadequate healthcare. The only way is Down.

[@369dabbler]

😂😂😂 you should think about becoming a life coach 😂😂😂😂 inspirational

[@stephfoxwell4620]

@369dabbler Are you trying to be funny making light of a very serious problem?

[@shaunsprogress]

That's why there is a permissive flood of 1m low skilled immigrants per year.

[@ashleyupshall7641]

Yes, hard facts and you can’t avoid the details.

[@369dabbler]

@@shaunsprogress excellent point

[@Gumardee_coins_and_banknotes]

No point workers being more productive, their wages won't rise to compensate.

[@alexpark472]

People are already overworked and understaffed. Only way for growth is for corporations to hire enough people instead of running on steam.

[@willyhill7509]

My only surprise is that it lasted this long, when I started work at 16 in a nationalised industry I was shocked at how much money was wasted and nobody cared, I thought back then that the country wouldn't carry on functioning much longer but it did, another 30 odd years but it appears everything is grinding to a halt now.

[@greg1943-u3i]

3.6 million more people live in UK than three years ago, and still no sign of the economic benefit that we're constantly told it will bring. Maybe you should commission primary research into the economic contribution of 'Turkish' barbers, Deliveroo riders, American sweet stores and Albanian car washes for any signs that diversity is our strength.

[@Andygb78]

The American sweet stores always look depressing to me.

[@wattbenj]

The data is a lot worse than portrayed. A lot, lot worse. They're saying we've had -0.1% growth. But we've been adding 1%+ to our population year on year. This is an enormous per capita GDP contraction that we are seeing. In fact, if you plot the true data on a grid for the past few years, you'll see that we're well into a depression. It isn't about to happen, it isn't just starting......we're in it, and have been for years.

[@ab-ym3bf]

A fact strangely Iver looked in many British analysis. Also, part of overall gdp "growth" of Kate had to do with temporary lng transshipment, and the digital gold trade in CoL seeing a spike. Nothing added to the real economy for working people.

[@ChristopherVickers]

It's far far worse than that. Government borrowing/spending is a huge part of the UK GDP. If you remove all of that, the UK economy is far far smaller. Buying and selling inflated property also adds to it. If you remove both of them, the UK is well and truly f**ked.

[@TobotronPrime]

I don’t like talking the UK down but it’s certainly time to make your plan B where plan B doesn’t involve being anywhere near the UK!

[@Kin-28-8]

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

[@Thompson-e7h]

Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but it’s hard to bite the bullet and do it.

[@Grace.h-t8o]

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

[@berniceburgos-]

I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@Grace.h-t8o]

Her name is. 'Stacy Lynn Staples’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Theodorebarba]

Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.

[@-DC-]

The amount of haulage companies going bust in the UK currently is at the highest level i can ever remember, This situation must be by design as it's almost impossible to be this consistently incompetent.

[@Soraviel]

Tories (tick tock) or did you forget Brexit too and then the mini COVID recessions/inflations to go along with that

[@maaziy_ghaziyIYI]

Winter is coming aka Trump Tariffs

[@inbb510]

@@Soraviel labour are just realising that you can't tax companies to oblivion to achieve growth. You can't punish big businesses either because you bring down the whole economy with it. Whether people like it or not, businesses, banks and enterprises form the backbone of a modern developed economy. If any of these fail, then everything fails.

[@Andygb78]

@@Soraviel Are the Tories on TikTok?

[@theant9821]

if you want to make quality steel you need coal, there's no substitute, arc furnaces cannot replace blast furnaces. arc furnaces are good for recycling scrap steel, but you need blast furnaces to make virgin steel, to make the highest quality steels you need fresh virgin steel. the British steel industry is being thrown on the scrapheap by ideologically led governments for 40 years, there isnt much left, British steel is expensive because of high costs, but our steel industry has had to specialise to survive in the highest quality steels in the world, otherwise be drowned by cheap foreign steel, quality pays a premium, so our steel rivals in the west have had to do the same. but losing the blast furnaces we will nolonger be able to compete with French, German, etc. steel who will still employ blast furnaces, but we will steel have to sell at a high price. so no one will buy British steel if French steel is better quality or Turkish steel is cheaper. Due to cheap steel abroad we cannot afford to compete and make cheap steel and so we need coal and we need blast furnaces to continue making virgin steel for industries that require the highest quality fresh unrecycled steel, such as railway lines, bridges, skyscrapers, military etc, where we can still make steel at a relatively competitive price. Turkish, indian, chinese, etc. steel has undercut most of the steel market place where the best steel isnt required, where labour is cheap. Steel is the most important industry in the world bar none, its absolutly vital to every other industry in the world, this isnt just a economic concern also a national security concern. if a country cant make virgin steel, its finished, were set to become the only country in the g20 that cant do it. we have no choice but to keep making it but they want to close it down anyway for this green religion, as if were a big enough county to matter, while china are rubbing their hands together laughing. if the market wont save britsh steelworks they need to be nationalised, we need that capability more than any other.

[@zzedstrike]

like how they gutted tata steel in the name of "Less Pollution"

[@tropics8407]

Will the steel workers and their unions take a 30 % drop in salaries and employee count ? This is what is needed to keep the blast furnaces running.

[@dooley-ch]

And you have demonstrated what is wrong with the UK - a lack of innovative thinking and wanting to live in the past. All the other major European countries have figured this out: Germany - 36 (million metric tons) Italy - 21 Spain - 11 France - 10 *** UK - 6 and falling! *** And all you got is to live in the past! With that kind of thinking you deserve to be where you are.

[@stephenthomas3085]

@@zzedstrike European countries are 'decarbonising' their steel making. Why is it always the UK that is behind...? It reminds me of how European countries most affected by Brexit all prepared in time - except the UK...! Yet again a woeful failure to plan and prepare for the future.

[@ybkseraph]

Why U.K. lose its steel and other European countries not. That is the question my friend.

[@idonthavealoginname]

The UK is a low wage ,low skill economy offering very little on the world trading stage .Without the city of London skewing GDP figures we would be in constant recession.The UK is a basket case.

[@threethrushes]

This.

[@Jeremiah59]

That is not entirely true. We have not really protected our industries. Our education system is not pushing people to the right skills. We have a lot of potential but it is completely squandered by mismanagement. We need to do what argentina is doing. Looking at what has happened, our political elites have been asleep at the wheel. Now we have WEF marxists in charge. The economy will crash and burn.

[@spiritualdeath101]

My local village store [inc. post office] just shut-down today [16th] - it has been there for decades. The government is joke - we can perhaps all agree on this.

[@tonycollyweston6182]

There were 14 years of the Cons.

[@Kawnflakes]

The previous government was a joke. This government has had a few months only to try and fix their mistakes

[@bobharrison4711]

A joke that's not remotely funny .. Liebour are always EVIL, it's all about revenge...first of all the Pensioners,then the Farmers, then everyone else other than themselves, scratters and immigrants.

[@-tom-8720]

@@tonycollyweston6182 And 5 months of labour and they have already done more damage

[@Zenkrypt]

@@-tom-8720 mate, anything a government does, will not take effect until their 2nd year in.

[@williamday9628]

I earn a reasonable "above average" wage as a software developer and cannot afford anything, most of it goes on rent. Housing and rent prices are going up faster than my wages are. I will be leaving the country next year for a job offer abroad, and most likely won't be returning any time soon. I'd love to have kids but feel that I wouldn't be able to support them safely in the current climate here in the UK. It's completely broken.

[@definitelynotadam]

What a surprise....one group of clowns ruined the regional trade relations, small and many mid size business growth prospects, and the new group of clowns think they can fix it by taxing the same businesses.

[@johnnicolson467]

Its not shown on the BBC or newspapers but support for Scotland leaving the Union is rising fast the Westminster gov is stripping the wealth out of Scotland, oil, gas, electricity and tax.

[@VincentRE79]

The economy has not fully recovered from the 2008 financial crisis and no politician is brave enough to try and fix it.

[@jontalbot1]

That is not true. The government has raised taxes to fund the investment we need but that will only deliver longer term. Very brave l would say

[@damianbutterworth2434]

Stopping borrowing would be all that is needed.

[@jontalbot1]

@@damianbutterworth2434 We have had national debt since the eighteenth century

[@jontalbot1]

@@damianbutterworth2434 We have had national debt for nearly 300 years

[@damianbutterworth2434]

@@jontalbot1 no we haven`t. We had 20 billion spare before Tony Blair.

[@rali6528]

I appreciate your no fuss clear cut videos. Informative and concise

[@allykhan8594]

I nominate my local bin man for chancellor.

[@Steamerbeen]

I cant even get a bin!

[@allykhan8594]

@@Steamerbeen The bin men are too clever for u!

[@themsmloveswar3985]

Thank you. That is an improvement. I will call Rachel in the Complaints department.....

[@Andygb78]

Dave Sykes?

[@Benzknees]

He's overqualified for Labour, in that he's had a real job.

[@kevinwilde]

thatchers 80s a decade of greed crisis comes home to roost only situations vacant are within the thriving junk food and addiction industries. thatcherism prevails selfishness and unchecked greed.

[@polaris7122]

The City of London disagrees with you!

[@randomcomputer7248]

bell end !

[@gillscorner794]

Living standards in the UK are hardly 3rd world. Maybe being a bit worse off would stop people buying cheap rubbish that goes to landfill and getting obese from eating too much over processed food. The real issue is over valued assets. Housing costs are the thing that is crippling most people and that is completely contrived. A housing market crash is what is needed.

[@BlackWolf6420]

Agreed!

[@Carlos-im3hn]

General economic collapse dead ahead.

[@-DC-]

Less People is what we need not more housing.

[@111dddcca]

Great point, they utter rubbish in large quantities. but do we really need more housing when the birth rate is 1.5 children per woman

[@randomcomputer7248]

mong

[@anguslaurenson7473]

So 83% of lending (credit/money creation) is for mortgages and other non productive assets, whilst all industries are dying except finance - seems like london banks are consuming the real economy.

[@dooley-ch]

Finance is declining, you just won't notice it until the next recession when the taxpayer will be hit with all the bailouts as a result of the risky deals being done in London.

[@RickDeckard6531]

The centralist organisation of the British state (mainly England) is IMO a factor in the increasing North-South divide and de-industrialisation. Move parliament permanently from London to north of Birmingham and take a slimmed down Whitehall with it. Germany was able to move its capital from Bonn to Berlin after re-unification. Britain needs to re-unify as well.

[@mrgaudy1954]

Isn’t the devolution proposed by Labour another way to achieve this?

[@RickDeckard6531]

@@mrgaudy1954 I need to read the relevant document. However, it does not solve the problem of financial HQs, lobbyists, political institutions, main law courts all concentrated in the same place, creating the inward-looking London "bubble". That needs to be permanently dismantled by relocating parliament and a large part of the civil services HQs up North.

[@SimonGardiner-bj3pq]

ABSOLUTELY RIGHT that productivity IS THE KEY TO ECONOMIC ACTIVITY, let alone growth! This century, UK has been 'run' along ideological and political lines. Never have real economists, financiers or entrepaneurs run the country!Though much derided, Brown and Kwarteng were very much better than any of the other PMs this century. Kwarteng - a former business secretary - DID NOT cause the £ to fall. Bond markets collapsed due to excessive derrivative tranding, NOT his Budget! Did Kwarteng sink Credit Swisse? Brown printed money to reflate the banking system and save it from collpse.(as did Bernanke in the US. BoE's King was a brilliant economist who worked with Brown). Brown had to face a REAL CRISIS in 2007, not a phony one faced by Boris (who messed it up) in 2020! Now we have Starmer OMG, not a single economic brain cell on his front bench!

[@billsellwood3280]

Please, please, tell this to our politicians. The present lot are just the worst of a bad bunch. We haven't had anyone sensible for the last three administrations.

[@naylorbroughton1159]

I tried to get a job in the UK in the sciences / tech field. Something Britain urgently needs. When offered the job, I had to have in my bank account 50K USD. I had to find my own housing and prove I could pay for my own healthcare (another 25-30K USD in reserve). I had to pay The Home Office and complete all the paperwork for the Visa (which in some areas was so redundant). Another 3k USD. Had to pay for all of my moving expenses. I had to provide a clean criminal record. I even had to document any speeding ticket in the USA for the past twenty years, and any parking ticket. I had to provide my certifications and show my tax records from the USA going back seven years. The wage in the end was lackluster and after taxes, I would be making less in the UK and actually I would be going broke slowly. Its a shame, because there is a need and many startups and brilliant young Brits need these types of workers to grow their business / ideas. The UK cannot just rely on "well, we have a beautiful country to work in" and "You Yanks dont have to worry about learning a foreign language". There is so much great potential in the UK and sadly its being ruined by both political parties.

[@robjonson629]

I run a staffing firm, we actually did OK during Covid - but the last 6 months have been a depression not just a recession, I worked through credit crunch 2007 too , its worse now. Good luck to everyone hope you all have lots of tinned food, firewood and bitcoin.

[@JupiterThunder]

Good luck with your bitcoin once the rolling blackouts start😀with no electricity it'll be totally worthless

[@Watersbill89]

At 55, I'm from southeastern Ohio but have worked internationally for most of my career. With $500,000 in savings, I'm ready to retire, although I'm worried about the rising inflation. Is this enough to retire well, or should I seek professional money management?

[@PodologiaBarran]

It's always nice to connect with a fellow Buckeye! Your retirement comfort will largely depend on the lifestyle you plan to live.

[@PodologiaBarran]

I'd recommend money management just to be safe. You're only 55, and with the average life expectancy in the U.S. around 77.5 years, but many living into their 80s, that $500k needs to last you for a long time, including any unexpected expenses. It's a solid start though-well done!

[@JsotoPapito]

I've been lucky to get an early start in personal finance. I began working at 19 and bought my first house at 28. When I was laid off at 36, right after the COVID outbreak, I immediately hired an advisor with determination to help me stay afloat. Today, my portfolio is up over 300%, worth $836k. Keep the motivation strong, friends!

[@Watersbill89]

That's huge! Your advisor must be excellent. Could you share more about your approach? I'm in urgent need of help with asset allocation.

[@JsotoPapito]

I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Tracy Britt Cool Consulting" I've worked with her for years and highly recommend her. Check if she meets your criteria.

[@marksimons8861]

Overlooked the despondency that has prevailed across the whole country since we decided to leave the EU, and made worse now by the rise of Reform UK. Wise Brits are making their escape plans, if they can find anywhere to go.

[@taffyterrier]

Nigel Farage 4 PM.

[@stephenthomas3085]

@@taffyterrier You understand nothing mate. The UK chemicals industry is a casualty of Brexit, 50% of its exports are to Europe and these have collapsed after leaving the single market. Nigel is lying to you as usual.

[@stephenthomas3085]

It is incredible to me that the video does not mention the massive consequences of leaving the single market and all that that entails. The UK's impoverishment began from 2010 and austerity but we are incomparably poorer thanks to leaving Europe. The crash in export of products, the loss of regional funding and a thousand other things. If British people had any idea of how much poorer they are than Northern Europe they would be astounded.

[@randomcomputer7248]

@@stephenthomas3085 bell

[@GaryKennedy-g7p]

what is staggering to an outsider - you guys have had your own oil and gas fields for 50 years .... where has all that wealth gone to ? What other country in Europe apart from Norway has had that luxury ?

[@timetraveller3063]

It went into the Tories pockets over the last 45 years or so

[@ab-ym3bf]

The Netherlands, they had (and still have) gas. Like Norway they used (most) of it for long term investments for the good of the nation. The UK used it to prop up its statistics to cover the constant decline of the nation and in tax cuts for the already rich. Aka spaffed it up the wall.

[@XxBruce5002xX]

Thank you for another fantastic video Mr Pettinger. I have just finished your Economics Without the Boring Bits book and as a novice, i found it extremely easy to understand and even more insightful. I believe our government could benefit immensely from you or someone like you and I wish you will get swooped up by them. I was wondering if you would make a video of your analysis on how the UK could start to repair itself. No question things are going to get worse before they get better.

[@inbb510]

Aging population, aging population and aging population. Low fertility rates, low fertility rates and low fertility rates. If politicians continue to refuse to see these (especially the latter) as problems, then no matter how much they tax or nationalise industries, it won't achieve growth.

[@mrmeldrew693]

Infinity migration doesn't seem to be helping the economy. That was how it was sold.

[@arandmorgan]

Been saying this for years, glad it's catching on. 👍

[@tomatofeind2019]

In the short term a boost in the birth rate is going to be a negative to the budget, mat leave, childcare, cost of educating a child for 18 years etc etc. children aren't born paying taxes unfortunately so won't have much of an impact for a while I'm afraid! The aging population is more of an issue in the short term however!

[@inbb510]

@@tomatofeind2019 young people shouldn't complain that taxes are going up while the levels of public service declines if they refuse to accept that aging population and low fertility rates are an issue. Same applies with old people who throw hissy fits about winter fuel payments.

[@tomatofeind2019]

@inbb510 I think most young people think that the aging population a problem....I do know, as a mother of 3, kids are extremely expensive to both the individual and the government so I'm not surprised they are having less! My point was simply that increasing the birth rate isn't going to help the UK economy for at least 30 years really. Children are costly for the state!

[@roywit7836]

Thanks

[@economicshelp]

Thanks a lot!

[@DaveRobinsonYT]

No honeymoon? Coming in and preaching doom and gloom was exactly the wrong way to do this - Starmer’s cratering approval rating is no surprise. Reagan showed how to do this, taking over from Carter’s malaise: sunny optimism. The new Labour government should have rolled out a few easy wins e.g. bonuses to nurses (in total wouldn’t have cost much) to win back qualified people who’d quit and acknowledge those who stayed.

[@jimpaddy79]

But Reagan significantly raised US taxes is that what you want Starmer to do?

[@mrgaudy1954]

I don’t think “sunny optimism” would work on Brits

[@matthewharding-ew1ts]

I still don't really understand why we have the highest fuel prices in the developed world? We sit on coal and surrounded by oil and gas! You have to have cheap energy like America to compete.

[@October-e1o]

Net zero bullshit where we just export our energy intensive industry to India and China to say how clean we are. We make up 1% of global emissions yet we care about net zero which isn't even truthful

[@pgr3290]

UK energy prices are effectively coupled to gas prices through marginal pricing. The most expensive way to generate electricity sets the price for all units of electricity generated, even if most of it on a given day is much cheaper renewable or nuclear. Using just a little gas means you pay the high gas prices. You either change the pricing system (unlikely) or build a lot more lower cost generation power so you hardly need to use gas. More renewables or nuclear would work. A new nuclear plant can easily take 10 years to build. Labour could have taken the decision to build more nuclear way back in the mid 2000s. It was not taken, Fukushima happened in 2011 making later government even wobblier. The first deals were not signed for a decade more, now 2016. At which point costs had risen and Hinkley isn't going to run until 2026. By now we could have had another generation and a shiny new fleet of reactors online to replace the ones we are shutting down. With 25 percent nuclear and renewable expansion then gas prices would barely be relevant. Instead the UK is chained to it, not least because it also hardly has any storage unlike in Europe to buy gas cheaper and use it later. Build the nuclear, build the renewable, build all the housing and suddenly everyone's lives will be a heck of a lot more enjoyable. 10 year project minimum, if we start right this second.

[@DavidJames-p9f]

@@pgr3290 'The most expensive way to generate electricity sets the price for all units of electricity generated, even if most of it on a given day is much cheaper renewable or nuclear. Using just a little gas means you pay the high gas prices. You either change the pricing system (unlikely).' Why is it unlikely? What is stopping us from changing the structure of pricing? Is it due to international agreements that we've signed? Please explain.

[@pgr3290]

@DavidJames-p9f Oh boy, it's a bit complicated but yes, it is certainly political. The point of this pricing is usually stated to ensure everyone generating electricity makes a profit and stays in business. So there is still a mix of supply and companies to keep the lights on in the country. Gas would otherwise be uncompetitive at recent prices, these companies would go bust and you lose a lot of generation capacity. If you have something other than has and have lower generation costs you are happy if gas is high. You get higher profit margins. That's why you saw these massive energy profits when gas prices soared. The other thing is that the government sometimes agrees with some companies a fixed price contract for their output. If the wholesale prices go low the government has to pay them to make up the difference if they still want the generation. However, if the prices go above the fixed price agreement the excess profits go.......to the government. It is only really in the consumer's interests to decouple pricing when gas prices are high. It is pretty much in everyone else's corporate interests to leave the system as it is and they would lobby as such. Although you could argue the government would benefit from low electricity prices in the long run, the country economically as a whole.

[@douglasbremner9740]

UK has blown massive amount on nuclear even though still lack any real solution for waste.This money could have been used to build out on and off shore wind.However some people think they are somehow ugly.yet would like to see the land and water supply destroyed by fracking.

[@JUSSTTIINFU3K]

Thanks mate, just what I need to hear before Christmas 👍

[@ike637]

Well thankfully we still have enough to send to Ukraine

[@dooley-ch]

Well if you don't you'll have bigger problems. It that one step thinking about BREXIT that got you here and you have not learned the lesson.

[@stephenthomas3085]

Yes, thank goodness. Ukraine is the thin red line that protects us from Tsar Vlad 1. Besides, it creates jobs and pays taxes for the UK AND protects democracy and human rights. Pretty good value for money I think.

[@AF-yb9pf]

@@dooley-chWhat problems?

[@richardsimms251]

Another excellent presentation. It is worth funding this program. Thank you. RS. Canada

[@deekayunited3445]

Well i was feeling a bit glum before watching that.

[@RustyVanDoor]

Given the number of FTSE listed companies moving their share listings to other exchanges its days are numbered, or is it already a spent force?

[@arandmorgan]

So are we going to be fighting one another for crap jobs, dehumanising conditions and no future, or are we going to revolt and change things using our will and effort and community cohesion?

[@VTh-f5x]

Community cohesion... 😂😂😂

[@pondeify]

We will fight each other whilst our political masters continue to mess things up and tell us we need to make painful choices. We should be greatful I gues - breathing is free for now

[@wokelefty]

Absolutely not, start your own business.

[@garyb455]

As long as the UK thinks profit is bad we are on a one way decline, we need business, and we need Governments that helps business make profits not idiots that tax business to destruction.

[@Alex-fm5ke]

Profit is just taken from workers

[@garyb455]

@@Alex-fm5ke No profits, no jobs, so no workers

[@inbb510]

@@Alex-fm5ke , if a company doesn't profit, it goes bust. What if the company is in tech and needs huge upfront costs to pursue an innovation project? This is how I know you have no idea how businesses work.

[@mattanderson6672]

Fantastic discussion Excellent analysis Thank you Sir I always love listening to you

[@juangomezfuentes8825]

No investment in tech, only in finance.

[@dooley-ch]

There is no investing in finance, so stop embarrassing yourself for heavens sake.

[@eugene4027]

Please continue increasing taxes, the more businesses will go bust. Please continue putting hand into professionals pockets, the more of them will leave this dump they call the uk.

[@GeorginaJett]

Merry Christmas to one and all !!

[@Alixstair]

This must be the best economics presentations on yt - SUBSCRIBED!

[@wolfiesmith7674]

I remember when a certain Victorian claimed that it could take up to 50 years to see the benefits of brexit and the feeble minded nodded in unison.

[@detritiv0re144]

I'm hiding in my council flat, surviving off universal credit and playing computer games until this all sorts itself out.

[@Marek-o3u]

I predict compulsory room mate in near future...

[@111dddcca]

Enjoy your NEET Bucks, im paying £6000 a year in tax

[@Marek-o3u]

@@111dddcca thems rookie numbers. Work harder, pay more! No saving either.

[@detritiv0re144]

@@111dddcca Good for you. According to the ONS people out of work outnumber job vacancies 12 to 1.

[@007h13]

I paid 14k In tax last year. Enjoy

[@stevencutts6314]

No uk car manufacturing peaked at just over two million in 1972 and has never reached such heights again. Last peak was about 1.6 million whereas we’ve now fallen back to about one million although commercial vehicle output is at record levels.

[@paullewin8615]

I'm listening, I'm a very experienced Electrician and hate to be called a worker. When you academics realise we! Are worker's, that keep the country operating. When you wake up let me know.

[@RabJ208]

You are a worker. As a property investor. I'm not classed as a worker. If you're getting up out of bed in the morning to do a job - you are by definition 'a worker'.

[@Marek-o3u]

@@RabJ208 If you undertake any time in pursuit of a wage that you would not do if you were not paid, you are working.

[@RabJ208]

@Marek-o3u , I was a worker (and a very hard worker at that). Now, I'm a property investor who no longer goes to work.

[@nateevs]

If you have to go out as routine to do something to earn a living, you are a worker.

[@Marek-o3u]

@@nateevs Routine doesn't describe it though. Requirement, perhaps? Say you were an emergency plumber. What is your routine?

[@Oesp2024]

No need to fear, Rachel from accounts has the reins

[@martinlee465]

Rachel from accounts is on a sabbatical, left her parrot 🦜 in charge, annoying

[@deanclements1839]

Worker productivity has reached a ceiling due to the amount of red tape and regulation.

[@dooley-ch]

Rubbish. It's due to a failure to adapt new techniques & processes, education, training and a failure to invest in modernisation. Ireland with the same legal system, political structures etc plus EU regulations manages a GNI of 116 to your 77. Germany: 94, Austria: 95, Switzerland: 98... time you stopped believing that Tory/Reform nonsense and started holding the people selling it to you to account.

[@michaelmayo3127]

" red tape and regulation." So that's the new definition for laziness.

[@JackBellesPhotography]

There isn’t much cause for optimism. Bloated government spending takes money away from productive growth and needs to be addressed. The key data is GDP per capita where the UK has lagged behind and has become an average income country with expensive benefits. Coupled with an ageing population this will lead to more decline even in “Green Technolgoes” as the better paid jobs in design and development are all overseas with only assembly and installation taking place in the UK. I think the over reliance on the London Financial Centre will continue to increase until electricity prices are addressed.

[@ENoob]

That decline in chemical output is shocking. Not surprising though given the energy cost rises. In the uk capital, energy and labour are just too expensive to make it worth running a business. No wonder per capita gdp is so stagnant.

[@stephenthomas3085]

'' Not surprising though given the energy cost rises.'' Something like 50% of output is for export to Europe, which has collapsed after leaving the EU. THIS is the principal problem along with the change in regulations required to allow the UK to continue selling into the European market. Basically, Brexit has stiffed one of the UK's most important and successful industries.

[@jamiearnott9669]

Interesting video. Indeed, an understatement that social media is spelling the end of the UK! Where have I heard this before?🎉😂❤

[@michaelmayo3127]

"Where have I heard this before?2 When Gamal Abdel Nasser, nationalized the Suez Canal and the USA told the UK; to tune its military forces back or face the consequence of the USA calling in, all it $ loans to the UK. But now Trump is at the helm and he's going declare the UK; as a vassal of the USA. So say goodbye to your NHS because Trump will soon be ruling of the UK. Having too many $ loans, can have its a disadvantages.

[@alexroc172]

Unfounded optimism and desperate hope. Perhaps the labour government will get its act together. A poor joke. This sorry state of affairs is so farcical it deserves a new series of Spitting Image!

[@trojanhorse6029]

The West is now post-parody. Boris Johnson, and The Lettuce lady, they are living parodies.

[@archvaldor]

"Perhaps the labour government will get its act together" Difficult to see how since their policies are practically identical to the tories.

[@gerhard7323]

The UK, along with significant others in Europe, has a significant interest bearing Debt to GDP ratio, particularly since covid. The only way that can be addressed is through growth, spending cuts, higher taxes or inflation. Though no great fan of this government it's quite obvious to me that they are the hapless ones left holding the passed turd parcel when the music stopped.

[@simony2801]

Dont worry Rachel from personnel is on it.

[@threethrushes]

Londoner here. Emigrated in 2015. With each year it seems a better, and better decision.

[@Alex-df4lt]

Into what country?

[@RobbieNixon-d1w]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, the middle-class find it tough to own a home too, leaving them without a place to retire.

[@Nernst96]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@Ji-Min-j7b]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@PatrickLloyd-]

any recommendations for advisory service in regards to building my portfolio? I don't really know where to start

[@Ji-Min-j7b]

I've stuck with SOPHIE LYNN CARRABUS since the pandemic, and her performance has been consistently impressive. She’s quite known in her field with over two decades of experience, simply look her up.

[@PatrickLloyd-]

Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 15 years of experience is certainly striking! very much appreciate it

[@tonycollyweston6182]

Its very simple,there is a housing crisis. Build social housing, start by training in the first year and at the same time plan where to build and what .In the the second year start building. This government spending will have a multiplier effect on the economy.

[@111dddcca]

My thoughts exactly. Everyone's poor as fuck because of it. Build homes, camper vans, campsites, caravans

[@Kicklighter.A]

Depressing, I’m off to read some comments by mister mister in the FT so he can tell me how rich we all are.

[@dominicestebanrice7460]

but...wait....but.....'ang on a minute.....can't be......me 'ouse price went up 1% last week....

[@pareshpatel7100]

Grinds to a halt. Did it ever get started? All the UK has is selling houses over and over again.😂😂😂😂

[@bonditltd5346]

I think your view is overly optimistic. I have a factory in the chemical industry and I can see that business is down in the U.K. It has been a reliable indicator of a recession. I think we are already in a recession but the published figures haven’t caught up. I can’t think of one change with Labour that has helped - just the opposite. We’re looking to relocate abroad. The government don’t want productive industry it seems, don’t want earners, people and factories actually making something and generating wealth.

[@doopdapps1088]

Brexit, aka "This is our independence" says the man that got us into this mess, that now wants to form another party and the British people are falling for it again!!!! 😂😂😂.... They sure are glutton for punishment 😂😂😂...

[@FranWood-g7l]

All the decent tradesmen are retired now.

[@vaughanlockett658]

Thanks for pointing out London centric and poor manufacturing, we are in doom spiral, as all our talent is moving abroad along with our younger investors and entrepreneurs . However our latest party in power seems blind .

[@salehothman449]

Lessons on rocket science : When a majority of people only have enough to pay for rent and mortgage. = expenditures -, ÷, × utilities and >÷ o2 oxygen

[@Carlos-im3hn]

raising taxes on education, farming and increased NHS costs makes everything economically gloomy; then the Labour policies puts a nail on the economic coffin. There are not enough public schools to educate everyone massively impacted by the education tax. This is all ruining the survival economics. Labour solidly closes the negative feedback loop.

[@ga21351]

UK is in crossroad. Economy since 2008 is desperate for austerity. Austerity on Greece or higher scale. No economy can run on double deficits for ever. However nobody including this channel can adress this problems.

[@AF-yb9pf]

So why not create your own channel and share your truth instead of wasting time on comments?

[@aktolman]

The regulations have gone too far, they have made it very difficult for business (aside from bounce backs) to borrow money, and at the same time made it a poor place to invest, so many are left with just organic growth or high cost borrowing…

[@Alexibawendi]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks. I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

[@Joshuabarry1]

Well...I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie.

[@JesusNevsa]

Investing in crypto/forex is a good idea, a good trading system would put you through many days of success.

[@JesusNevsa]

Thanks to Ashley Davis

[@JesusNevsa]

She's a licensed broker here in the states

[@KaterinaEvan159]

Same, I met Mrs Ashley Davis last year for the first time at a conference inManchester, after then my family changed for good. God bless Mrs Ashley

[@maciejfratczak4136]

I expected that Brexit enables UK to avoid too fast and damaging green transformation, but it seems they go on with it .

[@anthonyferris8912]

Fear not, Rachel from accounts has everything under control!

[@Benzknees]

The consequence of the creeping increase in the size of the State, and burden on the taxpayers to fund it. Figures show our economy has always done well when the tax burden is low, and badly when it is high. The avoidable disasters of the 2008 Crash & 2020 lockdowns are now being compounded by the "green" energy bill & feeding the unreformed, low productivity public sector.

[@michaelmayo3127]

Great video. Best 🎄🎄regards from Denmark.

[@offgrid7837]

If government figures were not manipulated they would show we've been in recession for a long time. Now we're heading directly for a depression. Venezuela here we come.

[@noodleplexium5953]

All this focus on finance, without producing anything, like doing actual work. And ironically, the UK stock market has performed poorly. So what exactly does London contribute?

[@Rgbonet]

It does not mater if monthly data is noisy or not, what maters is the trend and it shows that GDP growth is either flat of falling

[@eddieharris6004]

I think the problem is we need to award the Westminster people a pay rise in order to attract a better quality...you can't get good governance on the cheap. 🤭

[@RustyVanDoor]

Maybe if their pay was performance related.

[@samuelchamberlain2584]

​@@RustyVanDoor what metric would you choose? And how could it be gamed ?

[@krishollow]

I don't see the issue. I think we just need even more women in the work force and more immigration.

[@RabJ208]

We aren't living in the 1950s, you know. Lol

[@ontheslide2339]

it's worked really well so far.... 😂

[@chanceriordan]

We also need to give billions more to Ukraine. Surely, that will help our economy!

[@krishollow]

@chanceriordan Yes! Send more money!

[@marcokite]

..........and higher taxes!

[@MichaelGeorge161]

0:27 you mean a decline?

[@geoffclarke3796]

No surprise the economy is struggling given all the downbeat rhetoric from Labour as soon as they were elected and the dreadful budget. The UK economy in bad shape but looking equally bad if not worse in France and Germany.

[@danh9442]

Reeves certainly hasn't filled people with confidence - a mythical ingredient in economic growth.

[@Battleneter]

Its worse than the first graph as Inflation "technically" increases GDP, as the value of goods and services sold have increased,

[@jamesgravil9162]

It was never really moving in the first place, so how can it "grind to a halt"?

[@mham83]

Well you’ve gotta admit, making yourselves look incompetent compared to the previous government is a hell of an achievement!

[@ralffig3297]

You voted for this. Socialism at its best.

[@BananaArmsMcNess]

Lol, the UK has had neoliberal governments every year since Maggie Thatcher. I wish we had a bit of socialism to balance things out

[@simoncasson1526]

@@BananaArmsMcNess 100% true, Labour since Blair and Tories since Cameron are all neoliberals and Starmer is just the latest in a long line. I can say with upmost confidence that in 5 years time the country will be worse off.

[@ジョニークレートンバックル]

@@BananaArmsMcNess Yeah, Neoliberal governments with socialist tax levels! Hardly a "win/win" :(

[@dooley-ch]

When you know what socialism is get back to us.

[@ralffig3297]

@dooley-ch brilliant people like you are the reason the UK is such a dynamic place today.

[@111dddcca]

Policy Reccomendation: Subsidies on ultra fast e-bikes for deliveroo drivers, this will increase productivity and spending