Labour's Big Budget Gamble

[@chrise202]

The forever cones and 50mph speed limit on M1 pretty much summarizes UK's productivity, priority, problem solving, budgeting, efficiency and sheer lack of common sense.

[@Andy5c]

100% agree with this comment

[@gazunkafonegazunkafone3492]

Not just the M1 the M6, A46, M5 every major road network is a joke and what we need is more civil servants delivering absolutely nothing✊

[@anuneu4722]

lets not forget the 20mph speed in wide open roads

[@Ziolek.2000]

This is so true and not only the M1 😅

[@matthewcornfield2150]

​@@anuneu4722The social and economic benefits of 20mph zones far outweigh the slight inconvenience.

[@GIRUxGIRU]

I don't think we can afford to pay for the boomer's extravagant welfare state while the social contract is totally broken. It's not like we will see a sudden growth in tech or something, it's stifled by tax and a depressed culture. If you're under the age of 35 I think it's best to get out as fast as you can, the forecast is extremely grim

[@mariog1051]

Get out to go where? Europe is in crisis too

[@GIRUxGIRU]

@mariog1051 USA, good place to be an engineer

[@jamesn0va]

You can't run from existential problems but you can fix them

[@GIRUxGIRU]

@jamesn0va aging population is not as crippling of an issue in many other developed countries

[@BabsW]

​@@GIRUxGIRUI'm leaving the US ASAP

[@PaulJackson-x8e]

Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in August 2024.,,..

[@BryonyClarke-e4v]

I would really love to know how much work you did put in to get to this stage

[@PaulJackson-x8e]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver

[@CoutchWinburn]

As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@JeremyBilbrey]

Waking up every 10th of each month to £210,000 it’s a blessing to I and my family… Big gratitude to this same Jihan Wu🙌

[@ElliGConcepcion]

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable

[@Willopo100]

the problem is that this isnt a gamble. its very basic and weak. nothing crazy. we will just continue to flatline and await a jolt to find a pulse.

[@iceonthemoon]

Excellent video. I have been interested in economics for a decade or more and here is what I see as the fundamental problem at the moment, it would be great to get your take on this. The public sector doesn’t want to take the hit with austerity, so the government has placed the burden of higher taxes on businesses, however, businesses don’t want to take the hit either so they will reduce wage increases, cut their workforce and increase the price of what they are selling. Consumers don’t want to take the hit, so they will buy less and ask their employers for wage increases to pay for the higher prices, resulting in the burden being placed back on businesses who will once again increase prices to protect their profits. Meanwhile, less tax revenue will be raised when businesses are selling less, consumers are buying less, and unemployment has increased. In a few years time the public sector will run out of money again, the government will raises taxes further and the doom loop repeats. So, the logical thing to do would be to look at which areas of the economy are best at generating wealth in both the public and private sector; such as education, infrastructure, transport, tech, manufacturing, engineering, science and ramping up spending in these areas whilst simultaneously reducing spending in the least productive areas; social care, pensions, welfare, foreign aid, asylum, inefficiencies in the NHS and so on. This is what I think was the mistake with the 2010-2019 austerity drive, the government cut spending in the areas that were best at generating wealth (productivity) and protected spending for areas that did not; pensions with the triple lock, foreign aid “ring fenced” at 0.7% of gdp, and low skilled mass immigration. Government policy caused a huge amount of damage to productivity and has ultimately left less money for social spending and public services per capita due to lower economic growth and a larger population. In conclusion, somewhere needs to take ‘the hit’ and the most economically logical areas are the least wealth generating government departments, the most obvious being the bloated welfare budget. Instead this government has decided to tax employment, perhaps the most damaging tax for growth! The productivity puzzle is not a puzzle at all, it seems so obvious?

[@mickyh93]

My worry is around the higher skill careers as well. Shortage of higher skill workers is going to be a huge issue going forwards. Look at some of the forecasts for engineer shortage by 2030. This has made it even harder to encourage participation in STEM. Higher minimum wage, while necessary in many cases, now closed the gap between low skill work and high skill work salaries. Combine that with tax threshold freezes, higher student debt payments, lower predicted salary growth then i struggle to see how the UK can ever close that gap.

[@agustinarcusa7696]

It is a supply side problem the UK doesnt have a real engine of growth. Housing and the financial services are not there anymore

[@mattanderson6672]

Excellent analysis Thank you Sir Interesting... very interesting Wonderful discussion Thank you

[@coolbanana165]

I don't really understand how the economy is at maximum capacity when there's been weak growth for 14 years. How does that make sense?

[@tomtimtomtim]

Drop off in labour participation. Unemployment is pretty low for those that want or can work.

[@quackcement]

a US trade deal would u turn the economy without major trade deal with either EU or USA there's not many reasons to be optimistic

[@markcutmore7811]

Labour messed up any hope of a trade deal with USA when their cronies went over to help Harris with her campaign Trump will not forget that no matter how much Kier congratulates him on his presidential win

[@Danielcullen-gl4xd]

Lowering the SDLT nil rate band down to £325k for first time buyers and an additional 2% SDLT (on top of 3%) for second home owners/BTl owners and rising national insurance contributions for employers up to 15% is anti economic & business housing market growth for a services / real estate based economy, let’s face we ain’t a fossil fuel drilling/mining & manufacturing economy no more.

[@phils4634]

How long before the Pension age limit is raised even further? Inward investment in the UK will need to be financially attractive, and right now that's definitely not the case. Poor infrastructure, disengaged /; disenfranchised population, amazing levels of red tape, "creative" taxation systems (that favour investment income over productive income), and of course major energy cost issues, which will take a very long time to address.

[@TaiwoOmotosho-m9v]

Thanks for your videos. Decided to open an ISA account after the budget.What are your thoughts on the 170 paged document 'Technical consultation-Inheritance Tax on pensions:liability.reportng and payment ' published by HMRC on 30 October 2024 and on GOV UK website,Pls? Would you be creating videos on 'Annex A : Case Studies 1 to 7' and 'Part 5:Summary Of Consultation Questions ' and of course,the three examples in Part 2 of the same document,Pls?Also, Would you and other finance content creators be sending email/written responses to Assets,Residence and Valuation team, HMRC on behalf of the populace?

[@cobbler40]

Loading businesses with extra costs doesn’t seem a good way to get growth.

[@ecnalms851]

Well even with the lower taxes they haven't been investing at all. That's the problem. Private sector investment has been flat since the financial crisis which has led to flat productivity growth which has led to flat wage growth - 15 years of wage stagnation.

[@euanstokes2828]

Putting more money in workers pockets will get people spending more

[@gordonholding5621]

Govt should be able to borrow directly from the Bank of England for a proportion of its needs. This would be a creation of new money and brings a danger of inflation so it should be limited by the amount of growth.

[@gasface7275]

Hi Tevjan, could you speak on the indemnity clause of the BOEs QE/QT program which leaves taxpayers covering bond trading losses? No such feature exists in programs run by the FED, ECB or BOJ. Love the video as always!

[@Cassp0nk]

Also FED holding to term rather than dumping at a loss.

[@gasface7275]

@ Absolutely - I am convinced that nobody in UK Gov understands markets, because why allow it??

[@jerryyau4215]

Western countries have low unemployment rates, and their growth is driven by competition with developing countries capable of producing high-quality products at low costs. However, no foreseeable solution exists for this challenge.

[@PakistanIcecream000]

Good video. I like the narrator's peculiar voice accent.

[@AKK5I]

Carrying more debt isn't the way out

[@JSK010]

Great that you are not partisan, keep it up!

[@arthurdixon5890]

Why does she need to gamble? They are supposed to be professionals who have had 14 years to shadow the Tories and plan what is best for the country.

[@Daytona2]

They're not professionals ...they're politicians 😉

[@Clickificationist]

Difficult to plan ahead when the Tories (Jeremy Hunt) lied about a £22bn black hole

[@maximuswong3092]

Hate to break it you mate but the world is chaotic and nobody knows what FUCK to do

[@bjorntorlarsson]

​@@maximuswong3092 "People", as in some smart guys, do know what to do! Xi Jinping et al has been doing quite well for 12 years now. Vladimir Putin has been doing quite well for his 25 years as head of government. And many other countries. It's only Western voters that fail and fail again, HARD.

[@Zenkrypt]

It's a gamble, because long term policies are not seen by the public. So if the Tories are voted back in, they will reap the rewards of labour's long term policies, and claim they achieved it. Just like labour's inheritance of a strong economy in 1997. Also, it's easy to say that long term policies should be prioritised, but the future can be unpredictable.

[@kristianlavigne8270]

UK is a rentier economy. It has been completely hollowed out…

[@phils4634]

The end result of crony capitalism. Sell off the assets, make a mountain of cash, scarper to a nice tax haven, where you can enjoy an amazing lifestyle.

[@SusnataSeal]

what is "public investment"? is it just an euphemism for public spending?

[@SuperLuckyLad]

What would be the point of increasing fuel duty and keeping gov finances dependent on it ... when they are supposed be getting rid of "fossil fuel" cars ... how are they going to replace the billions raised by fuel duty by 2035 ... I think it is 2035 by when it's supposed to be phased out.

[@wind.del.change]

increases in my tax only decreases the amount of hours im willing to work. at the moment its only 16 a week.

[@brad9205]

I feel the same way. I run a small business. Was always willing to stay late, work weekends etc. I just feel like I'm swimming against the tide. I'm just a cash cow for HMRC. Will be cutting down my hours.

[@AnarchoMonarchoSchizophrenic]

The Laffer curve in action 🤷‍♂

[@wind.del.change]

@@brad9205 i make 3d dental scan plates. i doubled my fees and cut my hours to 16. when things change i may return to being full time. at the moment, no.

[@Clickificationist]

Increases in fuel duty is arguably a more direct 'workers tax' than employers national insurance rises Would a Tiered Reserve system realistically work to help lessen the burden of high debt?

[@bishboshs]

A tiered reserve system has absolutely no bearing on the national debt. Why do you think it would?

[@Clickificationist]

@@bishboshs I may be thinking of something else, but I was under the impression it reduces the amount of spending we do on the debts interest

[@bishboshs]

@@Clickificationist It does not.

[@matias3384]

Why is no one talking about the rise in taxes to the middle and working class????

[@gazunkafonegazunkafone3492]

Some say the country needed reform. But they are far too radical with things like common sense.

[@joshua1858]

How is common sense electing Russian agent Nigel Farage?

[@Tuppoo94]

The UK needs a wealth tax, for example for individuals owning more than £1,000,000 in assets, and a financial transaction tax, maybe a modest fraction of a percent, to force the UK's enormous financial sector to contribute to the society.

[@quackcement]

i'd strongly agree with that a friend of mine was given 750k by his landlord dad, he's only 34, regardless how much my other friends work they will never catch up with him. taxes excessive assets seems sensible

[@Renovator-f3k]

How ridiculous. In London, you need £750k just to own a small family home, and £500k pension pot for a comfortable retirement. A wealth tax on this level is utterly ridiculous.

[@Tuppoo94]

@@Renovator-f3k Do you have better ideas then? Both income inequality and wealth inequality are high in the UK.

[@Renovator-f3k]

@@Tuppoo94 Well, for start, wealth inequality is not a bad thing, what we should be striving for is equal opportunity, not equal outcomes, otherwise what reason would people have to work hard? I would have no problem with a wealth tax set at a much higher level, say £100million so that only true inter-generational wealth is taxed, but you must allow the middle classes to pass some wealth through generations as providing for ones children is probably the no.1 way to motivate people and maximise their productivity, which in the end, is the only thing that will provide better services.

[@Tuppoo94]

@@Renovator-f3k The problem with a tax threshold is that it gives an incentive to stay below it, at least officially. But maybe the debate on what sort of taxes should be imposed isn't very useful in the end, because pretty much any tax is rendered ineffective by the numerous loopholes in accounting rules and massive use of tax havens. These opportunities should be closed before any changes in taxes are made.

[@neilcook1652]

Why is £66bn spending a benefit, it’s not ‘investing’ it’s just spending!

[@emersontan9030]

The underlying strategic logic is weak - people will go along with tax rises if they can understand the logic behind a plan, and can see taxes as part of a bigger plan that addresses the external factors that are hitting productivity. - addressing Brexit. The current deal is terrible and the continent is going to be the biggest nearby market forever because geography doesn’t change - the war in Ukraine needs to end with an outcome that leaves europe intact and Russia weakened enough to not impose 3-8% + defence spending on europe forever. The UK could really help simply by taking off the restrictions on the use of UK provided weapons and acting as a channel for long range systems - doubling down on what we’re good at. The UK has world leadership in several areas like biotechnology, machine learning research, media and culture, and services. We need to work out how to double down on these and set up centers of production close to where the research is done to secure the pipeline from good ideas to actual industries, and most of this isn’t money - why do we insist that foreign students leave when they graduate even when they have good ideas that could be world changing businesses?

[@Turefu2]

Will UK rejoin free movement and single market? Starmer says no, but?…

[@themsmloveswar3985]

Former handler of complaints in Halifax BOS is running UK state finances....what could possibly go wrong ?

[@redbruce1999]

Were many of her predecessors qualified?

[@fyank1]

At least she has some relevant qualifications unlike her Tory predecessors who were basically clowns in suits.

[@aresgalamatis7022]

Half a century of ruthless capitalism is going to leave a country with next to zero options... but the voters keep repeating the mistakes again and again, like the Russians, Turkish, Chinese, Americans, and the list goes on and on :(

[@ymwan]

A modest rise to inheritance??? The mind boggles. 😅😅😅

[@bjorntorlarsson]

Higher tax Higher Spending Higher borrowing Allt at once. If that's a gamble, it is BINGO!!!

[@MasterWhimp]

Can it be worse than the 14 years of stagnation I find it hard to believe

[@BrianHubbocks]

The pound is falling now so imports will cost more

[@jamessmith1652]

"Public investment" = massive black hole that we pay for.

[@EdwardHohenheim]

So what then? Let the NHS, police, social services just die?

[@MrSpritzmeister]

This comment comes as if the UK has been spending on public infrastructure in the past decades… cmon now

[@theusualyt]

i find the claim "inheritance tax is for the wealthy" highly suspect characterisation. The thresholds of who it impacts and the optionality of those who can insulate or hedge themselves totals a very marginal impact on "the wealthy. Instead its a systematic hit to the masses who work all their lives and their relatively modest inheritance will get slapped. It's a complete joke of a read/ misevaluation to say otherwise. Also with inheritance and social mobility the generational staying ahead capacity gap becomes even more unequal for the "the wealthy" -- they can keep their pile (hedged, structured) and the rest get its inheritance cut.

[@bjorntorlarsson]

Inheritance tax is from old ages when the farm was the inheritance. This "wait until they die" (and have had their lawyers work on who owns what)-stuff is nothing but morbid today. If one wants to tax the rich, then simply suddenly steal all wealth above a £Billion each, or something like that.

[@bishboshs]

Fewer than 4% of estates pay inherritance tax. I wouldn't describe that as something that hits 'the masses'.

[@euanstokes2828]

My Grandad died with an estate upward of 600k and even we didn't have to pay any inheritance tax. Its a tax on the wealthy.

[@Cassp0nk]

It’s a tax on the south east where everyone is mortgaged to the hilt due to property prices. It is unjust as a result as it is unrelated to living standards.

[@ThomasBoyd-t7g]

Awesome thanks. Brilliant Labour government Budget October 30. Rachel Reeves she have another Labour Budget 2025 April 6. Support STV voting system for House of commons UK general election full PR voting system. Britain England London rejoin EU again membership.

[@jamesgould7373]

Ladies and Gentlemen - the UK has lived and punched above and beyond its means for decades! both economically and militarily. Its a long slow decline people! higher taxes, much lower growth and fall in standard of living for EVERYONE! watch this space in 10 years the UK will not be a nice place to live & work. If you can get out! UK is a spiced up third world country! with clever accounting. worn the union jack on my arm for 6.5 years! served as a royal marine, working in oil/gas since 2010. I'm actively looking at getting out next year. GET OUT of Britain! i certainly wont be putting " Great" infront. Cheerio.

[@bishboshs]

this is written so obviously by a bot. Nothing about that reads like someone who's first language is English.

[@BlahBlahBlah-x3h]

She thinks if she hikes taxes the government will have more money to spend LOL

[@cobbler40]

We have a welfare system of a modern efficient growing economy.

[@is_42]

More taxes will decrease growth; only way out is to cut spending and increase productivity. Currently productivity in the UK is getting lower due to low level immigration only providing baristas and Deliveroo riders, resulting in GDP per capita is reducing. This will cause further tax rises and the UK will enter a death spiral...well I think the UK has been in a death spiral since 2008

[@Zenkrypt]

Our productivity is low, because the UK has low private investment and, low public investment.

[@bjorntorlarsson]

How does one increase productivity? It'd require a huge cultural reversal to norms and values around 100 years ago. How does one do that? I don't think it is possible anymore. The ship is sinking helplessly, abandon ship! There are civlized parts of the world, the vast majority of it, actually, and it is getting ever more civilized. One could move there.

[@iniester6724]

@@bjorntorlarssonadopt an American work attitude 😂

[@regarded9702]

How does more austerity fix the problems austerity created?

[@Awwyeahnahmate]

The ship isn’t sinking, it is being sunk. Sunk by the chase for endless growth. We’re many times more productive now than when we worked 16 hour days 7 days a week in Victorian mills. What is the difference? Technology. Don’t fall for the classic con that the remedy for any of this is for us to work harder/more. Investment in technological advancements are key here.

[@peterwait641]

The NI hike will lower tax take as businesses will close. The Quangos and bloated civil service need to be trimmed down . This is budget for recession, debt repayments will be unaffordable in the future. Not taxing private jet fuel is greenwashing and would have paid the winter fuel allowance, that's what happens when you take donations from offshore hedge funds.

[@swojnowski453]

Once you are in a debt spiral, there is no way out. Ageing population means there is no hope for growth and trying to repay through increase inflation will make you a banana republic. What's the way out it? Ask Argentina. They keep defaulting. That's also the future of the UK and the US.

[@RickDeckard6531]

and from gambling companies.

[@Alex-fm5ke]

The civil service isn’t bloated. People like to think this as if it’s an easy fix for the government. If this were true it would’ve been done a long time ago

[@garyb455]

@@Alex-fm5ke nonsense its unfit for purpose

[@stevesmith3990]

More debt, no growth, more taxes. Labour would need to pull something really special out of the hat to win the next election. Sadly for us its not for another 5 years by which time I dread to think how bad things will be.

[@redbruce1999]

Couldn’t be much worse than the last 14, barring a recession.

[@garyb455]

@@redbruce1999 it will be

[@redbruce1999]

“More debt, no growth, higher taxes” That’s exactly what we have had for the last 14 years of incompetence.

[@stevesmith3990]

@@redbruce1999 Yes but Labour would have done exactly the same thing. Are you saying they would have spent less on Lockdown? They wanted even more of it!

[@redbruce1999]

@@stevesmith3990 Part of the problem was lack of planning. When COVID started to emerge as a global threat in January, they should have started planning for the possibility of lockdown then. But Borris was mysteriously absent from the first 7 Cobra meetings (for reasons he still hasn’t explained) where key decisions could have been made, but everything was rushed in at the last minute, including the COVID financial support schemes, which were left wide open to exploitation by criminal gangs. And there is zero chance getting that money back now, the £10,000,000,000s stolen has been transferred overseas. In the end it is estimated we spent £350-400bn on COVID (according to treasury- they don’t even know for sure), but the UK spend the most and had amongst the worth death rates in Europe. I believe a Labour Government would have managed it much better and spent less. Teressa May would have done a better job than Boris, at least she would have taken the threat seriously from the beginning. But putting aside their incompetent response to COVID, the economy was already in a dire state. By 2020 we had had 10 years of very low GDP growth (almost zero) propped up by immigration, stagnant wages, record low productivity, low public investment, low private sector investment, year on year increase in NHS waiting lists (they were already at record levels by the start of 2020). COVID and Ukraine just gave the Tories excuses for their mismanagement of the economy. In terms of GDP and real GDP per capita, ours is the only G7 economy that still hasn’t caught up to pre-pandemic levels. Insanity could be defined as doing the same thing over and over again and expecting a different outcome, and voting to keep those infighting rabble in charge for yet another 5 years would have been insanity.

[@ElizabethSerah-i1g]

I'm favoured financially with Bitcoin ETFs approval, Thank you buddy.$28,600 weekly profit regardless of how bad it gets on the economy.

[@VincentRE79]

This is going to be a very unpopular Labour government who will make lots of mistakes.

[@alexroc172]

They have already made many mistakes..... pensioners' fuel..... farmers' inheritance, employers' NI, rates up.......calling all immigration protesters Far Right, .....releasing prisoners early....housing illegal immigrants in hotels....attacking businesses...etc etc

[@mattcayless7366]

Perhaps this could have all been avoided had they just imposed a wealth tax on anyone with assets over 10 million. But no, let's squeeze the life out of everyone once more and pray this time we grow. We won't .

[@Cassp0nk]

Wealth taxes are basically unenforceable so that’s a useless idea.

[@tuff9486]

I am from Argentina. it took us 70 years to START rooting out socialism and it´s corruption completly. If you lose now you will be an ex country for decades to come, and you might never recover this life time.

[@bishboshs]

Socialism isn't what's wrong with the history of Argentina my friend.

[@tuff9486]

@bishboshs oh but it is. Socialism breeds an almost un-removable corruption. Europeans have the advantage of politics and institutions being moderate and transparent. But you are all following our footsteps, while not learning from our mistakes

[@bishboshs]

@@tuff9486 Ah yes, Denmark, Norway, Sweden all with their un-removable corruption.

[@GeneralCormy]

We've had a Conservative Government for 14 years....

[@tuff9486]

@@GeneralCormy No lost love for the tories. But I never said you had to vote for them. What I am saying is that the reaction to their mishandling by voting left is NOT the answere. Mass subsidies and welfare state. Unemployment due to subsidies, and destruction of small enterprises thanks to high taxes. High crime and corruption, price controls WONT work. Corporate subsidies are not a long term solution, it makes them reliant on the goverment, and with 0 need for productivity. mass crime, releasing criminals and punishing those who defend themselves. Does any of this ring a bell?

[@allthingstravel8404]

In short. Reverse Brexit and we are fine ?

[@DcnD-JMJ]

There is a large untapped source of highly motivated, enterprising, often highly skilled young people arriving at great risk in the UK each year. Instead of keeping them in costly hotels doing nothing lets encourage them to join the work-force and contribute to the growth of the economically active population.

[@platinum11110]

Yes, they're highly skilled. People tell me they're doctors and engineers. We are saved!

[@Makalon102]

I agree, but you will never get the general public to agree with this

[@Cassp0nk]

Skilled my arse. Holding onto the bottom of a lorry is not a marketable skill.

[@philipvjones397]

10.04 A very obvious and sensible line of argument, but the media would have had a field day which is why I imagine they didn't do it. PLus Reeves and Starmer are horrible communicators and have the charisma of a parsnip.

[@megapangolin1093]

I enjoyed your evaluation of the Budget, but I think you are being a bit kind to Labour, and it is your impartiality which keeps me subscribed. I would be keen to hear about the practical reality of the raid on farm inheritance. That does seem to be a disaster for the farming community, who are asset rich but cash poor. Why not put a big tax on farm sales, but not farm inheritance if farms are to keep producing food as we need food safety for the future?

[@jamesthomas4841]

Is it a disaster? Farmers paid IHT on land up to the 1980s. They seemed to manage to pass farms on down the generations then. I suspect the change to IHT on Agricultural land will not raise much money. Farms will be transferred prior to the death of the older generation. Bigger farming operations will incorporate themselves. Smaller Farms will escape liability for IHT entirely by a combination of the 1 million pound tax free exemption on agricultural land, by the exemption for dwelling houses both of which will be doubled if the ownership of the land is in the hands of a married couple.

[@bishboshs]

There is a big tax on farm sales. If you want to read about the inheritance tax changes for agriculture google 'Dan Neidle'. But it does sound like you yourself have picked a side already considering you describe it as a 'raid'.

[@euanstokes2828]

I hate to break it to you, but farming is a loss-making industry, meaning its decline benefits raw GDP figures. This isn't to say we should let that happen, obviously having domestic farming is a cost worth paying - it keeps the countryside looking nice, makes us less dependent on imports, gives us better control over food standards and ensures our security in the event of conflict. But its not like any of this is disastrous. I personally don't think farming should be looked at in terms of economics. Also, an increased tax on the sale of farms would be disastrous. We need to build more housing, making farmers less likely to sell land to developers is a massive risk for that.

[@bishboshs]

@@euanstokes2828 The decline of farming isn't a GDP benefit. Jesus christ that is just the epitome of economic fake news.

[@monkeh86]

He’s not really impartial though is he? Quite obviously a Labour voter.

[@michaelwhite8258]

This government fails to understand the importance of business in creating growth. Taxing businesses more will discourage entrepreneurship.

[@dunnomate3587]

You can’t have a business without healthy workers, without good infrastructure for your business and your employees to get work I could go on. If you don’t have the basics you won’t have business anyway

[@GeneralCormy]

Hows that worked out for us so far in the past 24 years

[@EdwardHohenheim]

Why hasn't anything grown the last 14 years then? Tories are the party of low tax for the rich and corporation and yet look at what happened.

[@dbz9393]

business will just pass the tax onto the consumer/employee who will have less money to spend in the economy reducing growth.

[@dunnomate3587]

@ you see the key is having a fine balance, you need decent taxes to fund a healthy ground level for business and people, but not too much that business suffer, maybe we should look across the channel and see how counties like Denmark do it?

[@Moonkay-mx2nf]

No it will not work,

[@mickmoon6887]

Honestly all of these problems stems to be from government mismanagement aka the typical bureaucracy I've had lots of discussions with both the poor and the rich people after the recent pandemic the most common complaint is above If you make all the remaining good rich people leave the country the only remaining rich people will be evil rich people now you don't want that for your country but sadly that's the current reality even worse even the evil rich people don't want to deal with the government because it seems to be waste of time for them virtually most of the rich investors are leaving the country to another nomadic rich countries that's why these nomadic friendly countries GDP from either investment or consumption seems to be on the rise

[@swojnowski453]

you do not sell things like water networks, gas networks, transport networks, etc. Once they are in foreign hands you are a slave to the hands. A bit like with X today. It is a network where most high profile Kamala's Harris supporters post, but a supporter of Trump, Musk, owns it. What do you think he will do before the election. He will suppress those people, and the result will be Trumps win. The UK is like that in a dozen of dimensions. In short, whoever lives here is a slave to foreign investors and banks. Say thanks to Thatcher. She was their lady in the UK and she did the job well. What's the way back? Nationalize the necessities. They do not need to be profitable, they need to be a functional public good. The most stupid idea is that the necessities have to be profitable. No, they need to work for people, so that people work for the country. If you have have no house, there is no point in working for new paint or floor for it. Nothing will work without the basics in place.

[@vvwalker7261]

8:32 in short, the answer is... Er... No 😂 very English

[@uroztas]

Send pensioners to rwanda

[@bjorntorlarsson]

Isn't "housing, transport and energy" privitized? Me buying a smartphone from China is indeed "privitized". Government doesn't spend anything on me doing that. Are "housing, transport and energy" really privitized??

[@lonevoice]

Whilst I agree with Labour's intentions to boost public investment and the dire state of public services, Reeves's implementation this was poor in my opinion. For Labour to put themselves forward for government at the last election hamstrung by their set of tax manifesto pledges was insane. They didn't need to do it. The public voted them in because they were fed up with the Tories and not because of Labour's pledges. Labour would have done better to increase the rate of corporation tax rather than increase employer's national insurance. At least corporation tax is only paid out of profits. And we saw when Osborne slashed corporation tax from 32% down towards 19%, the boost to the economy and inwards investment from it was pitiful. An increase now would have been far less problematic than the national insurance one now. Other changes could include a reinstatement of the 50% top rate of income tax and something to improve our trade with the EU such as joining the Customs Union. That wasn't an excluded option at the last Referendum. Longer term issues of growing wealth inequality still need to be addressed as do our treatment of tax havens and UK assets of people resident there.

[@66kaisersoza]

My work are now talking about redundancies. This hadn't happened in the 10 years before that. I fucking HATE what labour have done

[@HieouyaAgnèsDoyo]

!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.

[@YevaSonia]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@JoseLopez-lf9rw]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.

[@YevaSonia]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@JoseLopez-lf9rw]

Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.

[@HieouyaAgnèsDoyo]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?