Hi WIll, you are most welcome as always! Our next video is an annniversary special - can you believe it already - and I have given you a big mention so make sure you tune in to be embarrassed 💪😀
@alistairrobinson386513 күн бұрын
Very sound advice 🙏.
@Economese9 күн бұрын
Glad it was helpful!
@alistairrobinson38659 күн бұрын
@ absolutely! Enjoying the content and comments 🙏
@Nordkapp6514 күн бұрын
Thanks Simon, great content at a nice high level I need as I thread towards retirement! Very privileged to have found your channel early days a few months ago. Just completed my professional diploma in complex financial instruments today, might well venture into QFA and CFP from here. Never too old to learn!
@Economese9 күн бұрын
Hi Nord, thank you for your commetn and for supporting the channel. Thank you for very kind words of encouragement! We are real people with a real channel so it helps keeps up motivated. Congratulations on the diploma - I took the Series 3 Futures & Options derivatives course for the US in December 2011 and it seems I have been studying ever since. Please keep watching and subscribe and our next video is an anniversary special 😀
@nicolassTRAVEL14 күн бұрын
Uk is not united anymore
@JamesKerr-z4o14 күн бұрын
Great video, and some interesting points I hadn’t considered, but I do think you should consider the interest paid on UK debt and compare it to what the US is paying. Most of the things that affect the UK are global factors.
@Economese9 күн бұрын
Hi James, thank you again for supporting the channel. I will use the US as a benchmark in future videos as they are also having issues and it is curerntly 4.6% and commentators on Bloomeberg think it might go to 5%. A lot of mortgage borrowers in the UK will feel the paoin for longer. I have given you a mention in the next video which is an anniversary special so make sure you watch it. Thank you for all you ongoing insights and support.
@kjcornish346814 күн бұрын
Well explained. It's going to get a whole lot worse. Will the PM sack the Chancellor? Oh well. Hope she is having a pleasant trip to China. I was a teenager in the 70s and remember them quite well. Power cuts. 3 day week. Candles for lighting. It wasn't fun, even as a teenager until I left school in 77 and joined the navy.
@Economese9 күн бұрын
Hi Cornish, thank you for your comment and for supporting the channel. It has got worse since the video was recorded with the 10yr gilt rising, but inflation fell slightly and GDP expanded by 0.07%!!!! Some growth. I heard the Chancellow was looking to slash benefits as well to save money but that has been rejected by the High Court. Apparently, she has the full confidence of the PM and she will be ther "for years". problem is, who would replace her? I remember the 70's and having to turn lights off in every room and 83% - YES 83% - higher rate income tax PLUS 15% tax on investment = 98% potential tax charge. In the meantime, our debt servicing has increased to £104 billion annually. Please like and subscribe and our next video is an anniversary special.
@alistairrobinson386513 күн бұрын
The budget hasn’t been great but you must note that the past 2 week’s government bonds have increased significantly globally because of US Jobs report, tariff uncertainty etc it’s definitely not just a UK thing, and to be fair, it was already worse in the UK than many countries when the tories left
@Economese9 күн бұрын
Hi Alistair, thank you again for your comment and for supporting the channel. You're right that there is a lot of global uncertainty. Ironically and paradoxically, when there is uncetainty investors will but US treasuries, which will lower the yield. Their spending is utterly out of control and Elon may only oput a dent in the deficit. The UK is not as powerful and our gilt yields are higher than our European peers and rising twice as fast in some cases (Times). I will compare more in future so the viewers knwo that it is not the UK in isolation. Please keep watching as the next video is an anniversary special. 😀
@Economese9 күн бұрын
Hi again, just checked and we are a lot higher than Germany, France, Italy, Spain, Netherlands, Belgium, Austria, Portugal and even Greece. 🙏
@alistairrobinson38659 күн бұрын
@@Economese yes absolutely! Agree with everything you said, but also note that UK 30 year gilts have been higher than many other countries ever since Liz Truss created what Danny blanch flower calls the “moron premium” 😂
@luke62k9314 күн бұрын
Starmer and labour typical 😡
@nicolassTRAVEL14 күн бұрын
Brexit disaster
@davehoward948113 күн бұрын
Did you not hear the piece where he said we have gone from the highest growth in the G7 to the lowest in SIX months? Nothing to do with Brexit (we haven’t even had it yet) everything to do with the cancer of inflate/spend policies that the West has had for at least 5 decades.
@alistairrobinson386513 күн бұрын
UK is not particularly high tax relatively speaking, many countries have higher gdp per capita than uk but also have higher taxation (eg France, Germany, Austria, Finland, Belgium, Netherlands, Luxembourg)
@Economese9 күн бұрын
Hi, Agreed. But it the tax burden is the highest since 1948 but without a noticeable improvement in our daily way of life. Infrastructure, motorways, potholes, council efficieny, Government departments, education and schools etc etc. I am not against paying higher taxes if there is a benefit to the UK people which means less should go abroad for the foreseeable future until we get back on a more positive economic footing. All the best as always. 😀
@alistairrobinson38659 күн бұрын
@ yes taxes have increased and feels like nothing is improving, which is because we should have put taxes up 20 years ago and looked after our infrastructure like sensible countries did, I lived in NL 2009-2022, there are problems but healthcare, transport, administration etc is sublime. 🙏
@onmyworkbench700013 күн бұрын
Basically what you are saying is the entire world is *_SCREWED!!!_*
@Economese9 күн бұрын
Hi, thank you for your comment and for supporting the channel. That is a very technical term and a very fair summary of the video 😂. There are some bright spots in the world but not many. WEF in davos kicks off soon and no doubt the Government will come back with other game changing ideas to make us better off but with more regulation, restrictions and digital ID for our own safety of course. No-one can hear me here so there's no risk of getting kicked out of a pub for ranting. Please keep watching and subscribe as the next video is an anniversary special. 😀
@philpearson171413 күн бұрын
The rate is now 4.84 as of friday close so make note. It's far worse.
@Economese9 күн бұрын
Hi Phil, thank you for your comment and for supporting the channel. Things have got worse since the video recording. GDP increased 0.07% and CPI is down a bit. I fear that the Government will come back cap in hand for more taxes. No fiscal headroom and downgraded growth each year until 2029. Please keep watching and subscribe as the next video is an anniversary special 😀
@bernardkear202514 күн бұрын
Labour budget in 1993 ?!?!
@Economese9 күн бұрын
Hi, thank you for your comment and for supporting the channel. There was no Labour Budget in 1993 as the Conservatives were in with John Major? and Ken Clarke? I meant this £40 billion was the biggest tax raid since 1993. This was after the Uk got bounced out of the ERM after fighting a losing battle to support Sterling against George Soros. Very dark days. Please keep watching and subscribe as our next video is an anniversary special. 😀
@lbarnett74814 күн бұрын
I’m on disability benifits and wouldnt have a chance. Havnt got a clue on investing wish I did. Aha
@Economese9 күн бұрын
Hi Barnett, thank you for your comment and for supporting the channel and for sharing your story. There are videos on our channel about getting started in 2025 and many platforms will let you start with small amounts as low as £1. Look at your budget, cut out any wasted spending and try to save monthly via a direct debit. Your future self will thank you for it. Please keep watching and subscribe as our next video is an anniversary special. 😀
@mrc-by4vp13 күн бұрын
WELL WHO WOULD HAVE THOUGHT THAT,THANKS LIEBOUR VOTEING SHEEP.I HAVE ALREADY NOT BUYING ANYTHING THIS COMING YEAR
@Economese9 күн бұрын
Hi, thank you for your comment and for supporting the channel. Don't worry, after 14 years in Opposition creating the master plan to solve all the UK problems, we only have 4.5 years to go maximum. Not sure how much more financial pain I can take until then. More reviews, consultations and quangos. Please keep watching and subscribe as the next video is an anniversary special. 😀