UK businesses react to shrinking economy

Рет қаралды 68,865

Күн бұрын

Пікірлер: 300

@jasbindersingh2441 Ай бұрын

Says it all really. China produces great products like electeic cars and exports them around the world. . We produce choclate cakes and over priced homes.

@hitpat6179 Ай бұрын

Dont forget, lies, propaganda & fraud! (Big money, to be made!!!)

@meglobob9217 Ай бұрын

The cakes are overpriced too...would love some cupcakes but not paying £5+ for them. I can literally make my own for less then 50p.

@ElliottSpencer-hn9qg Ай бұрын

Over priced homes made from breeze blocks, bits of wood and cheap plasterboard.

@JackKing12. Ай бұрын

Chocolate cakes are overpriced...

@6Tabazan6 Ай бұрын

Electric cars that frequently blow up in China.

@noghd2560 Ай бұрын

A guy making overpriced chocolates by hand. This is the reason that this country is fucked when people think that this is what a business looks like. China makes iPhones, USA designs iPhones, Germany makes steel and cars, we make fancy chocolates.

@hexusmexus6971 Ай бұрын

Ah the overpriced chocolate collapsed Britain lol

@russelloliver3040 Ай бұрын

I think it's a bit more nuanced than that, on a side note the Swiss have done alright out of chocolate😂

@Seeker123-l2b Ай бұрын

If the man has a passion for chocolate let him be

@jonathanburson4994 Ай бұрын

So explain the aluminium factories issues then? They obviously think the Labour budget has made things worse for them

@ShamileII Ай бұрын

Ahh.....but your fancy chocolate is absolutely wonderful. Over here in America, it's just sugary garbage.

@garyb455 Ай бұрын

Put up business taxes and the economy crashes, who would have thought that ?

@ravenmad9225 Ай бұрын

They must have known the business tax cost would be passed on to customers. They just don't care about Britain or it's people.

@Rob-lw8to Ай бұрын

The economic data is from October - so it can’t really be a result of the budget that was announced October 31

@carlbland68 Ай бұрын

@@ravenmad9225 the beasts will get theres one day

@mattcayless7366 Ай бұрын

Makes my blood boil . As if the rise in taxes for business was the only option . Perhaps a wealth tax on the super rich who got rich in the pandemic while everyone else suffered.....oh no, we can't possibly do that.

@Shmimbleton Ай бұрын

Britain is being taxed to death. The only period we haven't been stagnant since the war was under Thatcher.

@MocheStudios-y3p Ай бұрын

This growth figure was for October, before the budget was announced.

@chindit6784 Ай бұрын

Wealth taxes are very difficult to implement. Unless its a surprise one off tax.

@cw8867 Ай бұрын

The rich just move their money.. how dont people understand this yet?... We need lower business costs and taxes get them creating jobs so people can be employed and contribute to the economy.. More tax will only hit the average tax payer when those jobs disappear

@carlbland68 Ай бұрын

@@MocheStudios-y3p stop sticking up 4 wrong uns in suits

@mistervo8185 Ай бұрын

If only there is a giant customer base that is literally next door to the UK. One that has alot of benefits moving workers and goods with ease.....

@Chris-pq3wp Ай бұрын

They are also in the dumps

@Jay-u1c5f Ай бұрын

How does eu labour sending money back too eastern Europe stimilate the uk economy?

@BenJ2020 Ай бұрын

The UK has the fastest growing economy in the G7 before labour got into power! The EU is in the crap.

@aleph8888 Ай бұрын

The UK was the fastest growing economy in the G7 in the first six months of 2024. It has a zero tariff, zero quota free trade agreement with the EU. The problem is not Brexit, it’s this government’s budget.

@andrew30m Ай бұрын

@@aleph8888yet the whole of industry is saying otherwise

@jonuslusha2831 Ай бұрын

Government tax business to bankruptcy and wonder why economy is shrinking.

@earnestequivocation6250 Ай бұрын

Is it really that simple? Corp tax has been lower than comparable countries but investment remains resolutely low. Meanwhile Corporate Socialism is rife.

@rocketman1058 Ай бұрын

great success for brexit!!!

@shv90210 Ай бұрын

Things are getting Worse to terrible 😔

@stequality Ай бұрын

Its what the public wanted though

@KINGDon-l8c Ай бұрын

@@stequalityOnly 30% voted Labour

@stequality Ай бұрын

@KINGDon-l8c still alot of people show us nothing but contempt

@wiseget-f7e Ай бұрын

Shocking, shocking, swift action, difficult decisions, getting on with the job, black hole, someone else’s fault!

@piotrwojdelko1150 Ай бұрын

tax rich farmers

@stuntmansynyster Ай бұрын

Piotr. Use your head for once, try to think 1 or 2 steps ahead

@Mountianlions69 Ай бұрын

@@piotrwojdelko1150you're the wrong way round, farmers aren't rich unless they're cannabis farmers!! Tax the billionaires who do nothing but rake in ill gotten gains from corrupt contracts awarded by corrupt governments

@earnestequivocation6250 Ай бұрын

We’ve witnessed a series of utterly inept populist govts staffed by dishonest low grade chancers. It will take years to reverse the catastrophic BrexitClown legacy

@chrysalis4126 Ай бұрын

Brexit voters mainly.

@AlbertBormant Ай бұрын

So the idea that mass immigration would help the economy has been proven false

@ama9401 Ай бұрын

Nope. U lost EU market, so your own production slows down

@Ma-sb4kc Ай бұрын

Nope, kebab stores and barber shops are just not innovative enough and don't make enough money to keep an economy going 😂👍 (Besides from the shady stuff happening in the backrooms and behind the building, but that's not taxed)

@ShamileII Ай бұрын

Someone has to do the work. Your people are too lazy

@carlbland68 Ай бұрын

@@ama9401 voters get there karma a bit there

@notsosuavemate Ай бұрын

Mass immigration is a huge problem in terms of economic strain because of the resources the shelter and feed them

@markyelwell995 Ай бұрын

I think the Uk is doing terrifically on the world stage they are exporting great human resources and skilled workers 😅

@blakecmatthews Ай бұрын

Why does nobody discuss the impact of Brexit on issues like this? It's the elephant in the room

@satch7123 Ай бұрын

How?

@blakecmatthews Ай бұрын

@satch7123 the slump is broken down into manufacturing and construction, for example, while legal (service) is not in a decline. This indicates import issues of items used for manufacturing. Increased trading restrictions put blocks in place from closest states, and further abroad means more trading route disruption due to the wars etc. Increased costs for energy has compounded this too. It doesn't surprise me that media outlets don't discuss the factors associated, and only report the issue.

@Shmimbleton Ай бұрын

Touch grass dude

@blakecmatthews Ай бұрын

@@Shmimbleton thanks for your input

@malaking9186 Ай бұрын

The EU economic status is worse than our own… so it’s not brexit, it’s the socialist experiment Europe has undertaken that is massively backfiring.

@meglobob9217 Ай бұрын

Labour we are going for growth...did they say positive growth...I think not. Increased taxes on business, companies which will result in increased inflation, will NOT result in growth. BIG public pay increases do not result in growth either...a lot of the Labour party think it does and are on record saying that, it shows they have no understanding of economics.

@teryd5672n Ай бұрын

Our business was doing great until Labour came in. Now we are laying staff off.

@chrysalis4126 Ай бұрын

How much does your CEO get paid?

@teryd5672n Ай бұрын

@ 12k a year salary plus dividends based on profit. So profit will be cut in half hence income will be halved. We will fire a few dozen people and will be putting up costs of sales. Given all businesses will be doing the same competitiveness unaffected.

@chrysalis4126 Ай бұрын

Of course our manufacturing is lower, look at all the businesses that no longer export to Europe due to Brexit making it more expensive for them. Yet the media never point that out. I have seen several small businesses put posts on facebook this week alone saying they will no longer sell to the EU and Northern Ireland.

@monish05m Ай бұрын

Looted and pillaged the world yet still going bankrupt, really shows the quality of these people.

@msingh2333 17 күн бұрын

Chocolate cakes are going to grow your economy

@DavidGetling Ай бұрын

Well, having millions, who are perfectly fit to work, playing the mental health card and claiming benefits certainly isn't helping the UK economy.

@Who-z8k 19 күн бұрын

Millions talking utter cap like yourself doesn't help 😂.

@aryanindo5634 Ай бұрын

its in downhill since 1950 (after losing colonies). Earlier they looted the money, dump their products on these colonies....any way i am too content to see their downfall

@bordersw1239 Ай бұрын

Only one member of the cabinet has ever run a business and that was an events management company. Hardly surprising that they haven’t got a clue about business.

@hitpat6179 Ай бұрын

'Unexpectedly' shrinking...QUICK, someone PAY OFF...the bureau of statistics / Gov numbers + the regulators!!!

@hugoboss917 Ай бұрын

yeah in a week they will release statement that economy is doing better than previously thought lol

@julianshepherd2038 Ай бұрын

Artisan chocolates. We are down to essentials then.

@MelkorRules Ай бұрын

UK is the leading nation of moaners.

@Paws4Thought669 Ай бұрын

It's in our DNA. Next to the FRnch .

@stequality Ай бұрын

Yep voted to make things worse then complain things are worse

@Fab666. Ай бұрын

It’s the weather tbh, grumpy as fook

@jglg7238 Ай бұрын

100%

@soundscapemusic8980 Ай бұрын

@@stequalityOnly around 30% voted for liebour….

@vannustube Ай бұрын

says: going for growth acts: increases taxation on business/employment/farmers, maintains the fiscal drag of freezing income tax bands they've shot themselves & the economy in the foot for the short-term, we'll find out how the long-term unfolds...

@Rob-lw8to Ай бұрын

Economic data is from October, before the budget was announced.

@vannustube Ай бұрын

@@Rob-lw8to fair point. could just be effect of "wait and see" ahead of budget rather than the budget itself.

@Rob-lw8to Ай бұрын

@ not sure whether this was in the government powers, but they should’ve announced earlier. Everyone got very touchy in October, that likely had an impact.

@Sunnyupland Ай бұрын

Labour will not stop coming after your money.

@HumanBeingsRThinkingBeings Ай бұрын

Mind Begs the Question: ▪︎If Western Govts always have funds for Wars ▪︎If same Govts always short of funds for People ▪︎Western Govts - Good or Evil?

@earnestequivocation6250 Ай бұрын

It’s ironic that people who voted to end their own industry are trundling around Westminster in tractors whining about their lot in life. Trump’s about to turn the thumbscrews and lil’ ol’ Blighty’s all on it’s lonesome. How dumb can one nation be?

@jakkuwolfinsomnia8058 19 күн бұрын

The British people knew this was coming. The problem isn’t our businesses or our workers, the problem is our government!! Making everything hard for everybody completely unnecessarily

@davidrobert7180 Ай бұрын

They said sanctions would cripple Russia without knowing that the ripple effect would knock them out

@davidcrowe9669 Ай бұрын

So months of talking the economy down has resulted in people not buying or investing. There’s a surprise.

@magic-eric7328 Ай бұрын

The incompetence of the UK government is the biggest threat to the UKs future.

@rknaik76 Ай бұрын

Labour is just focusing on make NHS and unions great again ..just giving money blindly won’t help. the hard work of tracking each penny where it goes needs to be done. Is it just filling the pockets of nhs managers or in innovations

@jerryappleton6855 Ай бұрын

Who'd of thought that adding £10,000s of extra NI on small business and £Millions would stop them from investing and hiring and slow down the economy?

@matrixberzins465 Ай бұрын

According to the IMF, Britain's external debt to GDP is 101%. 60% is already considered bad according to macroeconomic indicators - Great Britain, as well as many other European countries, have long crossed this red line. This means that it is difficult to borrow money in international financial markets with low interest rates. For example, countries such as Poland, which has a 49% foreign debt, or Latvia, which has 43%, feel quite stable at the moment - that's why these countries borrow money to pour into their infrastructure facilities, which contributes to the fact that at least unemployment does not increase, especially in the regions. It would be interesting to find information about the level of private sector debt in Great Britain, which would show the real size of the problem, because if the state cannot increase spending, then there is always hope for private investors in the economy, but if the private sector is also in a bad state, then is really bad!

@Fab666. Ай бұрын

Debt in actual cash is more worrying. As some countries can sustain 200% debt to gdp for years and it wouldn’t match lvls held by others

@krad5169 Ай бұрын

The issue is our government is only in power for the money and that’s it. They won’t bother to manufacture and compete with China and America, like the EU is meant to because they can ‘simply purchase it’ from China and America. What happened pursueing things because they are hard, that’s what a challenge is, America has followed that motto and they are 1st in everything.

@vpnconsult Ай бұрын

Degrowth is toxic

@kom17 Ай бұрын

when will UK citizens react???

@suntzu94 Ай бұрын

Too busy watching football and drinking

@Jsameds Ай бұрын

Starmer’s Britain.

@rocketman1058 Ай бұрын

that's Boris' britain, it's the logical and expected outcomes of Brexit, savor it.

@KINGDon-l8c Ай бұрын

@@rocketman1058😂😂😂😂 so the labour government is brexit ?

@tomaszparzyjagla2829 Ай бұрын

And still no one talks about the Brexit afecting all this

@dannymcilreavy3675 Ай бұрын

Yeah Brexit has destroyed the German and French economy as well 🤦🤦🤦

@daleharrison1689 Ай бұрын

All by design, to benefit the corporate world. People need to think outside the box

@pac1fic055 Ай бұрын

USA: science and innovation China: massive consumer goods production UK: 🍫

@shaungriffin123 Ай бұрын

I thought Labour said our economy is stronger than it’s been in 70 years?

@TopCatsBack Ай бұрын

What about cutting down on govt bureaucracy ?

@DavidHurst-g5h Ай бұрын

That's after a million immigrants every year . Sorry it's more like Delhi than London

@musafawundu6718 Ай бұрын

How can this be Labour's fault, really? How long have they been in power?

@luke62k93 Ай бұрын

They didn't reduce rates fast enough or enough as usual to late,yes starmer is to blame,to late again should be 4.25% buy now?

@steveroger9504 Ай бұрын

I have certain doubts regarding on it because maybe it will be another economic clash after 2008 but will be a corporate made one .The amount of money received as salary of middle class individuals decreases but the corporate make 3x more money.

@Zelazella1 Ай бұрын

The U.S. shouldn’t have to subsidize for the UK starmer need to fix this mess !

@widescreen8964 Ай бұрын

So they go to the place which has the lowest disposable income in the UK to visit a luxury goods retailer which produces/sells food stuffs which have been hit by a 352% increase in raw materials since the start of 2024. Great way to take the pulse of the UK economy. I'd call that some what lopsided reporting. Perhaps Sky doesn't like Labour

@karlpennington72 Ай бұрын

Labour party has never been able to run a country 😂

@Rod-bp8ow 15 күн бұрын

@JoeSmith-sl9bq Ай бұрын

Business is decreasing, goverment is increasing- odd that those two always go hand in hand

@CCP-Lies 27 күн бұрын

Who would have thought big government is a bad thing?

@w.a7795 Ай бұрын

Not just the economy shrunk my third leg is shrinking aswell🤷‍♂️

@user-mp5cg8lt7i Ай бұрын

Don’t worry mate, it’s just a bit of shrinkage. It’ll come back in the summer when we don’t have to afford the heating bill. 😂

@PBFI-SNIPER Ай бұрын

applause for the Labour Party , creating an inexistent black hole to have an apology to raise taxes and destroyed the confidence in the market , Labour Party work as professionals to destroy the country , and I forget to mention the silver bullet our precious refugees in warm hotel and pensioners passing necessity and cold without winter fuel allowance

@PBFI-SNIPER Ай бұрын

they are mocking about the intelligence of British

@chrysalis4126 Ай бұрын

Why DO we have such a backlog of refugees in hotels? Is it because the tory party deliberately let them grow in number without processing them? So they would have someone to point at and blame for the lack of services, homes etc that their 14 years of lack of funding created?

@allannelson5806 23 күн бұрын

Humbug! Brexit is still working its way through the economy. Blaming Labour is absurd.

@alii303 Ай бұрын

why would anyone ivest in brexit britain

@Danielcullen-gl4xd Ай бұрын

The highly educated economist (chancellor of the exchequer) Racheal reeves and the business & trade secretary (Johnathon never had a real job Reynolds) have made fantastic decisions to grow the economy 🤡

@TryDiy Ай бұрын

These talking heads speak out after 5 months of labour in power where were they over the last 14 years?

@pharaohjoshua Ай бұрын

Anyone who is capable gets put down. This is no surprise, the country has gone feral.

@shankarbalakrishnan2360 Ай бұрын

Tough times will hold sugar rush wont happen❤❤🎉🎉

@marcusj9947 Ай бұрын

I thought Brexit was supposed to fix this problem

@KiingOfKombat Ай бұрын

Should never have of left the EU

@chilesauce7248 Ай бұрын

Wrong, brexit was the best thing the Uk did.

@danielxbox28 Ай бұрын

Great Britian will only get poorer, the reason they were so rich before was a large part because of Easy to access to resources from the Empire , which also assisted their banking

@terjehansen0101 Ай бұрын

So this theory about economics that says we 'must' have growth at all times or we'd stagnate ? EVEN if that was correct (which it isn't) wasn't the immigration supposed to help solve everything ? (It didn't, not even remotely close). There should be a Mythbusters but for politics.

@sameaulahad2824 Ай бұрын

Excuse my rant, like I spent my whole life learning to be part of this country and they just bring more people in from other places and it lumps us in with them as a bias and then we get called immigrates with them?

@Alcaza1977 Ай бұрын

Rachel from accounts still spinning the old wheel of blame

@rameshmvs Ай бұрын

Didn't prefer last PM due to his race.... Now what?

@Adamjackson-g20 Ай бұрын

Kip giving Ukraine billions dollars and Israel for free 😂😂

@firstpostcommenter8078 Ай бұрын

UK citizens need to realise that having India as a colony of the UK is profitable for the UK politically (hard power) and economically. Realising this is the first step in solving the problem.

@georgeroybooth3335 Ай бұрын

Blame labour

@gdwlaw5549 Ай бұрын

Can they blame it on the EU?😅

@adamfull3181 Ай бұрын

LABOUR OUTT

@marimuthurajendiran558 Ай бұрын

Maybe it is time colonize countries😂😂

@danielxbox28 Ай бұрын

I thought Immigration was going to make the country Rich and improve living standards

@S-u-p-a 19 күн бұрын

First brexit then covid now labour.

@tonyclaridge2 Ай бұрын

So labour are looking long term -the way things are going , there will be no small businesses and massive unemployment- only the largest companies will survive ie Amazon.

@matthewcook9404 Ай бұрын

Rejoin the largest trading bloc in the world ?!?!

@KINGDon-l8c Ай бұрын

NO THANKS....just vote out labour

@chilesauce7248 Ай бұрын

We are already part of the commonwealth, so we do not need to join it!

@fintamaria2429 Ай бұрын

Tax on the super rich 🤑

@johndoe1909 Ай бұрын

that the economy would shrink where a given. after all brexit I'd there and will continue to be there.

@webshealth Ай бұрын

😢

@daksans6764 Ай бұрын

UK irrelevant on the global stage like always 😔

@iggy5347 Ай бұрын

Without colonisation we are doom

@kriskalpa Ай бұрын

do Sky hire new white reporters anymore? if not, why not?

@TheTotalPackage-qo5gx Ай бұрын

It’s about the DEI hires these days.

@haadbajwa7565 Ай бұрын

UK 🇬🇧 makes best 🍫 chocolates and biscuits.

@mindsablaze221 20 күн бұрын

0:54 Man this woman looks a living fossil brought back to life 5000bc straight out of Mesopotamia. Where’d ya find this one Barry

@DarkLordJabba Ай бұрын

brexit's going really well I see

@rockpadstudios Ай бұрын

the only solution is to raise taxes. They have to buy 3000 glasses, so I guess they do need the money.

@thelaughingcelt1358 Ай бұрын

Good old labour hey 😅what else can they screw up I wonder 🤔

@WH-ne9jl Ай бұрын

Manufacturers and investors are more concerned by this inept government than Brexit.

@tondematongo32 21 күн бұрын

Give Ukraine more money....

@Ausshops Ай бұрын

Kick out the immigrants.

@R_Ellis Ай бұрын

The country would be empty

@nasdean7166 Ай бұрын

No surprice Uk economy is shrinking because UK sanction itself and UK dont have PM that smart and work harder for UK, since The iron lady

@turingtrading5301 Ай бұрын

Can SKY find a business that is happy with the NI employer increases? Angela (Parrot) and Rachel (Complaints) claim many business support their approach.