Why Is Britain No Longer a Rich Economy? | UK Economy | Econ

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Econ

Econ

8 ай бұрын

It is important to understand that #Britain isn't as rich as it believes. There's a reason for this misconception. For the last 15 years, the amount of money families in the UK have for their needs hasn't gone up. Compared to families in northwestern Europe, the average UK family has 20% less money. A survey by the Resolution Foundation in January found that 11% of people in the UK (which is around 6 million people) didn't have enough money for food, so they went hungry sometimes. Britain’s low-growth #economy is relentlessly reducing the country’s living standards.
So, what are the reasons for this? Why is Britain getting poorer?
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#economy #UK #recession #poverty
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Пікірлер: 2 600
@econYT
@econYT 8 ай бұрын
Hi! Awesome people of the internet. -Comments and suggestions are welcome. -Please share videos with people who you think might enjoy this content. -Don't forget to subscribe for more economics content! You are awesome :)
@VibronicCow
@VibronicCow 8 ай бұрын
This is your best vid so far imo! Sad for the UK…
@jjhatch69
@jjhatch69 8 ай бұрын
One other thing that may also be contributing to the UK's downfall is the brain drain of UK talent, leaving the country for a better salary and higher standard of living. Might be worth a bit of research for a video. I am a brit who has left the UK for tax free living, and there are many 10's of thousands of others who have done the same. I know British doctors, dentists, engineers, property developers, bankers etc, who would have been contributing to the UK economy, but are now helping other world markets take a step up. I am earning a salary 4 times higher than I was on in the UK, tax free, for the same job and this is the same for most brits who have left the country. Health care is substantially better than the UK. My wife and my intention were to work outside the UK to make enough money to retire and move back to the UK for later life. Having been out of the UK for a decade and going back every year to visit family, the draw to retire to the UK is diminishing with every visit. Both my wife and I are having major second thoughts on going back, something we never would have thought of at the time of leaving. Great content by the way.
@leanderbarreto980
@leanderbarreto980 8 ай бұрын
Why does it say you're from India
@johnthompson7105
@johnthompson7105 8 ай бұрын
Because all our money is wasted on unwanted immigration
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
You stated that immigration has reduced since 2016 - this is simply not true. We've had all time record high immigration since then, and it's spectacularly not improving the situation.
@Edna825
@Edna825 17 күн бұрын
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
@Pamela.jess.245
@Pamela.jess.245 17 күн бұрын
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
@DaveMccarthy896
@DaveMccarthy896 4 ай бұрын
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
@ben_dukeson
@ben_dukeson 4 ай бұрын
The attainment of substantial returns is not solely reliant on the volatility of high-performing stocks. It pertains more to the adept management of risk in conjunction with potential reward. Through astutely sizing your positions and consistently capitalizing on your strengths, you can steadily progress towards achieving your financial goals. This fundamental principle remains applicable across various investment methodologies, be it long-term investment approaches or day trading strategies.
@nuttawut76
@nuttawut76 4 ай бұрын
Thanks for the advice; I have to admit, Stacie seems very well-informed. Upon discovering her online profile, I carefully reviewed her resume, which was truly impressive. I contacted her, and I've scheduled a session. @@JaneBlac-
@MiaKatherine-sj7ne
@MiaKatherine-sj7ne 3 ай бұрын
Experienced long-term investors are aware that the market and economy have a tendency to bounce back over time, and it's wise for investors to be prepared for such a recovery. Speaking from my own experience, I continue to invest heavily in this volatile market and have achieved significant gains - my portfolio is presently up by 60%. For now, I'll keep a watchful eye on the situation and gradually invest in more stocks as opportunities arise.
@GersderaNioer
@GersderaNioer 3 ай бұрын
How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
@MiaKatherine-sj7ne
@MiaKatherine-sj7ne 3 ай бұрын
Finding financial advisors like Stacie Lynn Winson who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@Rochelletrem
@Rochelletrem 8 ай бұрын
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
@DavidRiggs-dc7jk
@DavidRiggs-dc7jk 8 ай бұрын
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
@theresahv
@theresahv 8 ай бұрын
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
@berkrix4312
@berkrix4312 8 ай бұрын
@@theresahv that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
@theresahv
@theresahv 8 ай бұрын
I encountered Julie Anne Hoover through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.
@berkrix4312
@berkrix4312 8 ай бұрын
@@theresahv Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
@shelbynamels973
@shelbynamels973 8 ай бұрын
Somebody made the point that if you separate greater London from the rest of Britain, the stats quickly drop into developing country numbers.
@erongi233
@erongi233 8 ай бұрын
If you separate the City of London from greater London and then separate the City of London from the financial bolt holes like British Virgin,Cayman etc you are not left with much
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
TBF - that's the case with a lot of countries. What does Japan's economy look like if you strip out greater Tokyo? Or France if you strip out Paris?
@zhiro_3
@zhiro_3 8 ай бұрын
​@@incurableromantic4006Japan without Tokyo still has more than 2 .5 trillion dollars in Gdp and a gdp per capita of 28000 dollars.
@shelbynamels973
@shelbynamels973 8 ай бұрын
@@incurableromantic4006 Not just economy. Healthcare outcomes, education levels, food security, housing stock , financial security relative to cost of living and so on.
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
@@zhiro_3 How does that relate to what I just said?
@RafaelW8
@RafaelW8 8 ай бұрын
IMO, the biggest problem with the UK is that it relies on London too much. Without London, UK as a whole ain't doing much.
@leealex24
@leealex24 8 ай бұрын
I think thats exactly the answer you got from the video. Too much focus on finance, forgot everything else
@mcr2356
@mcr2356 8 ай бұрын
​@@leealex24I feel like there has been some effort to try and adjust this over the last 10 years, I just don't see it having any impact.
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
It's been a problem for decades - London is always the priority, and the rest of the country is left to stagnate.
@johnchin1456
@johnchin1456 8 ай бұрын
London is parasite feeding off the uk
@mitchellscheer677
@mitchellscheer677 8 ай бұрын
This is actually extremely common… so I don’t think you’re correct here. London is ~22% of the UK’s GDP, similar to the level of Tokyo in Japan (21%). Warsaw is 18% of Poland’s GDP. Paris makes up 33% of France’s GDP. Etc. etc. The UKs biggest issues in the current day are self inflicted: leaving the EU. All of its neighbors now have a competitive edge.
@madleon81
@madleon81 8 ай бұрын
British high street these days has casino, betting shops, charity shops, food bank volunteers- surely signs of a rich country 😂
@stevenhull5025
@stevenhull5025 8 ай бұрын
My high street are full of empty retail units, littered with garbage and vomit. In fact Delhi in India looks better.
@Troub1e
@Troub1e 8 ай бұрын
It could be worse, go to Ireland. Those God fearing pricks are loaded and have nothing to do.
@thatundeadlegacy2985
@thatundeadlegacy2985 8 ай бұрын
America is the same but with more money
@speedythings7396
@speedythings7396 8 ай бұрын
@@stevenhull5025 New Delhi always looked better than London except Old Delhi. Britain is too much dependent on London.
@rahilvig8185
@rahilvig8185 7 ай бұрын
@@stevenhull5025 Lol I'd be very surprised if your local high street looked better than New Delhi, that place is lush and beautiful compared to the grey UK.
@ayonibrahim9985
@ayonibrahim9985 8 ай бұрын
I use to live in the UK, and as a Canadian, I felt there were many barriers in the UK for upward mobility. The laws and tax system favoured wealthy business owners instead of workers, who in my opinion are majority of the consumers that can shore up the economy if they had more buying power. the rich saves and the poor spends, you need more money at the hand of the poor if you want to see reliable growth.
@Bennnyak
@Bennnyak 8 ай бұрын
That's everywhere even Canada Einstein
@sergeant64
@sergeant64 8 ай бұрын
When conducting a preliminary investigation on which country to invest in, there is one factor that summarizes the investment climate in general: *gun laws.* Liberal gun laws generally means that the investment climate is stable and open.
@samhartford8677
@samhartford8677 8 ай бұрын
​@@sergeant64Well that was the stupidest comment I have ever read.
@juancarlosalonso5664
@juancarlosalonso5664 8 ай бұрын
sergeant64 Now that was an incredibly stupid thing to say, no one wants to have the same mass shootings and gun fanatics you guys have in the US.
@Bennnyak
@Bennnyak 8 ай бұрын
@@tbo2120 UK is equally as bad as Canada. Salaries are lower in UK. If you can, move to the US
@user-on6ld4pu5z
@user-on6ld4pu5z 8 ай бұрын
UK now seems like an underdeveloped country with crippling infrastructure, high inflation and terrible healthcare.
@stormtrooper8420
@stormtrooper8420 8 ай бұрын
For western European standard
@lawbringer9857
@lawbringer9857 8 ай бұрын
Your assessment seems a tad uninformed. Let's delve into facts, shall we? 1. Underdeveloped country? The UK has one of the world's largest economies and has been a major player in global finance, thanks to institutions like the City of London. 2. Crippling infrastructure? We've pioneered major transport projects like Crossrail, and our transport networks like the London Underground are iconic and emulated worldwide. 3. High inflation? Fluctuations are a part of every major economy. Historically, the UK has shown resilience and adaptability to economic downturns, bouncing back stronger. 4. **Terrible healthcare?** The NHS, despite its challenges, remains a model for public healthcare globally. The concept of free healthcare at the point of delivery? That was us. We've stood the test of time and we'll continue to do so 🇬🇧
@user-on6ld4pu5z
@user-on6ld4pu5z 8 ай бұрын
​@@stormtrooper8420 Perhaps come up with better comebacks than try to hide within the success of Western Europe which was funded by the US.
@stormtrooper8420
@stormtrooper8420 8 ай бұрын
@@user-on6ld4pu5z western Europe was powerful before the US become a thing in fact western Europe created US 😅
@stormtrooper8420
@stormtrooper8420 8 ай бұрын
@@user-on6ld4pu5z I mean Britain is still among the top developed countries in the world 🤷‍♂️
@amenhotepthethird209
@amenhotepthethird209 8 ай бұрын
Since we have had the same government for 13 years, its clear who is to blame. However, we have to take some responsibility for letting them get away with it for so long.
@stephenwalker850
@stephenwalker850 8 ай бұрын
It ain’t our fault it’s orange Britain
@fredatlas4396
@fredatlas4396 8 ай бұрын
​@@stephenwalker850 It's the fault of the numpties who keep voting for the con party since 2010 and brexshit
@thecrimsondragon9744
@thecrimsondragon9744 8 ай бұрын
It's the fault of the damn older generation who keep voting them back into power.
@BG-wm2tw
@BG-wm2tw 8 ай бұрын
@@thecrimsondragon9744 so now the blame game has begun??? 😂😂
@sejanus855
@sejanus855 8 ай бұрын
​@@BG-wm2tw Well isn't the blame game going on strong since years? With the migrant problem being because of France, the Trade Friction because the "Eu is punishing us for leaving through applying border checks like they do for every Non Eu Member state". The Nhs is dying because healhtcare professionals want more money. There is no money left because of Labour 13 years ago . The blame game is going on and going on since a decade . The only true fact is that it's mostly older people who vote conservative regardless of what their policies cause or in what a shamble the government is. Because that's a thing that happens in every country, the older you get the more likely it is to be shifting to conservative .
@ironassaultdrama8938
@ironassaultdrama8938 8 ай бұрын
If the education system was actually an education system and not a zoo-like daycare for animals, then maybe the economy would not be in the gutter
@walkerhaw5468
@walkerhaw5468 8 ай бұрын
Dan Pena is going to fix EVERYTHING.
@sergeant64
@sergeant64 8 ай бұрын
Educ.. what? In 2000, approximately 0.3% of young people identified as transgender or non-binary. However, recent surveys suggest that this number has increased to around 20%.
@freddiepatterson1045
@freddiepatterson1045 8 ай бұрын
The UK has one of the best education systems in the world what are you talking about, education is one of the few areas we actually have got right recently
@MarkJones-gt2qd
@MarkJones-gt2qd 8 ай бұрын
@@freddiepatterson1045 "had" maybe. Which metric are you using? The obsession with testing and rote learning has given the illusion of success, but how are our students actually performing?
@therasmataz2168
@therasmataz2168 8 ай бұрын
@@MarkJones-gt2qd I think most people miss the point of modern education. It's sole purpose is to produce competent workers that are are required for the needs of the economy not philosophers/thinkers; It is actually a privilege to learn towards the latter
@hufficag
@hufficag 8 ай бұрын
When I hear recession I immediately think of those hundreds of resumes that get unanswered, rent unpaid, and living on the streets. Other people think of their investment portfolio going down a few percent. They don't think of going hungry and miserable and having cold wet feet from all the rain and snow.
@antinatalist9995
@antinatalist9995 8 ай бұрын
Investment portfolio may go down a bit, but it's a fantastic opportunity to buy up property on the cheap and to get a good deal with builders who are desperate for work. There are winners from recessions.
@souf2
@souf2 8 ай бұрын
@@antinatalist9995the most tone deaf comment of the day lmfao
@malthusXIII-fo3ep
@malthusXIII-fo3ep 8 ай бұрын
Too many don't work, poor work ethic, do as little as possible and get benefit top ups to survive. Brown's welfare dependency legacy.
@falsettoandhighnotes6913
@falsettoandhighnotes6913 8 ай бұрын
​@@souf2that's funn😂
@DJIInLondon
@DJIInLondon 8 ай бұрын
@@malthusXIII-fo3ep Yes. This is the accepted method of wages in this country! The next generation are immersed in their devices, it will be a stark reminder for the new generations to come
@farahmo4519
@farahmo4519 8 ай бұрын
The UK's reliance on finance, ie indebting people with debts and interest will backfire sooner if not later 😢
@terryj50
@terryj50 8 ай бұрын
It does not rely on that just greedy Brits take out loans to pay for junk they don’t need if all Brits stopped this and lived within their means then it would be far richer. Even people on the dole get credit cards and loans for designer labels and holidays in the uk.
@walkerhaw5468
@walkerhaw5468 8 ай бұрын
Dan Pena is going to change everything.
@joakimtag7820
@joakimtag7820 8 ай бұрын
France is now 2x bigger finance place than UK
@stevenhull5025
@stevenhull5025 8 ай бұрын
Nobody forces debt on people. If one lives above their means do not blame others if they are in debt.
@terryj50
@terryj50 8 ай бұрын
@@stevenhull5025 they are not living in their means if they are in debt
@Riggsnic_co
@Riggsnic_co 8 ай бұрын
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
@kevinmarten
@kevinmarten 8 ай бұрын
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
@usieey
@usieey 8 ай бұрын
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@usieey
@usieey 8 ай бұрын
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
@hufficag
@hufficag 8 ай бұрын
When I hear recession I immediately think of those hundreds of resumes that get unanswered, rent unpaid, and living on the streets. Other people think of their investment portfolio going down a few percent. They don't think of going hungry and miserable and having cold wet feet from all the rain and snow.
@jamalgreen3056
@jamalgreen3056 8 ай бұрын
Y is it that wen it comes to everywhere else they say Venezuela has 86% inflation Zimbabwe has 800% inflation the Philippines has 55% inflation but wen it comes to the United States we only have 4%😂😂 wat a dam joke I never believed that from day one a price at a motel 6 in the United States was $6/night in 1971 today in 2023 a nightly stay at a motel 6 is $70 on average a night that sounds more than a 4% change to me but there are tight inflation is increasing in the United States by 7% a year it is not that overall
@tomaszcz_k
@tomaszcz_k 8 ай бұрын
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...
@CharlesBWillz
@CharlesBWillz 8 ай бұрын
Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
@Windarti30
@Windarti30 8 ай бұрын
That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
@stanleyzac1648
@stanleyzac1648 8 ай бұрын
I curiously made a research of his full names after reading what you shared, I came across his web-page on-line. My portfolio suffered a big hit, holding it further won’t be any good. I’ve heard of people netting hundreds of thousands this red season I’m really glad to see this…
@DiscutirconPablo
@DiscutirconPablo 8 ай бұрын
I've been making more than six figures passively investing with John Desmond Heppolette, who showed me the right community to join and grow mv finances and I don't have to do much work. It doesn't matter if the market is crashing, I will always make returns.
@AnnaFed015
@AnnaFed015 8 ай бұрын
I also had to look him up on google,I Found his webpage & left a message hopefully he responds soon. Appreciate!!!!
@donalddavis4387
@donalddavis4387 8 ай бұрын
I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $150k to invest for future, unfortunately l'm a complete noob.
@janellejacob3799
@janellejacob3799 8 ай бұрын
The market has gone berserk! regardless of experience level, everyone needs some sort of coach at some point to thrive forward.
@cooperhayes7055
@cooperhayes7055 8 ай бұрын
Even with the right technique and assets some investors would still make more than others, as an investor, you should've known that by now, nothing beats experience and that's final, personally I had to reach out to an expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now l'm buying again
@josephhughes9583
@josephhughes9583 8 ай бұрын
Hi, please who is the expert assisting you and how do I reach out to them?
@madhav411
@madhav411 8 ай бұрын
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@Sinoops
@Sinoops 8 ай бұрын
Invest in US and global index funds. Set and forget.
@tanzeelahmadhashmi6209
@tanzeelahmadhashmi6209 8 ай бұрын
The political class is detached from the realities of masses and the incompetency in governance to top that off gave such an anxious society
@findlay234
@findlay234 8 ай бұрын
Add in groupthink!
@walkerhaw5468
@walkerhaw5468 8 ай бұрын
Dan Pena is going to change everything.
@MoReal2
@MoReal2 8 ай бұрын
The voters are detached from reality and keep electing politicians that does not serve their interests.
@kanedNunable
@kanedNunable 8 ай бұрын
its corruption, they know what they are doing. the gov are all much richer now, unlike the rest of us. sunak has passed billions to his father in law.
@busoko_Ismail2468
@busoko_Ismail2468 8 ай бұрын
There is no traditionally democratic country in the world The closest example is Britain, where there are no elections, and there are elections whose results are known in advance, and false and spurious movements
@teddy.bisson.411
@teddy.bisson.411 7 ай бұрын
Achieving prosperity and securing financial independence is not as challenging as commonly perceived. Accumulating wealth and maintaining enduring financial security becomes significantly more achievable with the right knowledge. Engaging in financial programs and utilizing appropriate financial products represents the most reliable strategy to generate substantial income and sustain affluence over the long term.
@Jorgmiller
@Jorgmiller 7 ай бұрын
Many traders lack a full understanding of the market. To build wealth, start by setting goals and assessing your risk tolerance with or without a financial advisor. Gain knowledge about savings, investments, and create a strategy for financial stability and effective income management.
@andreasvankur3735
@andreasvankur3735 7 ай бұрын
I appreciate your guidance so much. Discovering Sir Trevor James Beckerman, and I conducted thorough research on his background before setting up our phone call. His online profile reflects substantial expertise in the financial markets.
@MichaelGGarry
@MichaelGGarry 8 ай бұрын
I left the UK 15 years ago. That decision just keeps on being proven more and more correct.....
@mimovk
@mimovk 8 ай бұрын
Where to?
@SimonCU
@SimonCU 8 ай бұрын
I left UK to work in US 22 years ago straight after University. It was the best decision I made in my life. Salaries in US are a lot higher than UK and I feel a lot comfortable than my friends and family in UK.
@lenrman969
@lenrman969 8 ай бұрын
570,000 wealthy and professional Brits quit the UK last year.
@awsysumer3814
@awsysumer3814 8 ай бұрын
@@lenrman969that’s a tremendously huge loss!
@MichaelGGarry
@MichaelGGarry 8 ай бұрын
@@mimovk In my case Singapore. In that time the exchange rate alone went from SGD 3 - 1, to 1.67 - 1. I predicted a crash in 2007 (I can't say I knew it would be housing, it was just clear the UK was in a massive bubble) and the offer to move to Singapore came about, it was an easy decision.
@melissagrice
@melissagrice 3 ай бұрын
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. I personally benefited from the market crisis as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly…
@MarthaDeTa358
@MarthaDeTa358 3 ай бұрын
I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry and exclusive insider market information.
@Florencecoxx
@Florencecoxx 3 ай бұрын
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@melissagrice
@melissagrice 3 ай бұрын
Personally, I would always advise getting a professional help so they can steer you through the choppy market.
@Florencecoxx
@Florencecoxx 3 ай бұрын
I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the expertise that assisted you and how to get in touch with him.?
@melissagrice
@melissagrice 3 ай бұрын
@@Florencecoxx I get guidance from *Mr Gary Mason Brooks* . Most likely, the internet should have his basic info..
@PhantomRaspberryBlower
@PhantomRaspberryBlower 8 ай бұрын
The irony is house prices have increased massively in this time. There is investment. But it is not going into anything productive. Whilst the high cost of housing significantly impacts the living standards of the working population and investment in younger generations.
@davidevans3498
@davidevans3498 8 ай бұрын
Very true
@erongi233
@erongi233 8 ай бұрын
This is what is so stupid of the authorities,they step in and lower interest rates if house prices look like falling much. The result is people know they are onto a good thing in investing in houses as speculations as their investment will be backed by the government and it is guaranteed they will make money. If they invest in a productive business there is no such guarantee.
@erongi233
@erongi233 8 ай бұрын
@@richardparker1338 goes without saying most UK politicians are snake oil salesman and women.
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
This is a huge downside of unlimited immigration - it's made housing scarce, and the cost of housing is now a huge drain on the economy.
@kanedNunable
@kanedNunable 8 ай бұрын
@@incurableromantic4006 no, its because the tories sold off all the housing and never built any more. 13 years and none built so far!
@PersimmonHurmo
@PersimmonHurmo 8 ай бұрын
That's what happens when you choose financial services as the backbone of your economy. It produces nothing of real value, as much as pencil pushing ever really does, and leaves one's nation needing others to produce essential industrial goods required to keep the expected standards of living, while having nothing to trade in return.
@NineDiamont
@NineDiamont 8 ай бұрын
Ask the US they are also walking the same path, although much more successfully than GB thanks to the hegemony of the $.
@internet_userr
@internet_userr 8 ай бұрын
The video was copied from t l d r lol
@BG-wm2tw
@BG-wm2tw 7 ай бұрын
You mean like switzerland?
@johnstow5613
@johnstow5613 7 ай бұрын
But countries that have raw materials are not performing well economically.
@teamtoken
@teamtoken 7 ай бұрын
@@NineDiamontThe US still has a massive industrial base though and it’s number of productive firms is by far the highest in the world
@johnnevada46
@johnnevada46 8 ай бұрын
Britain may no longer be a rich society but the Conservative politicians who made so many disastrous decisions have done very nicely for themselves.
@Weepnot
@Weepnot 8 ай бұрын
are you suggesting the elites are pigging out ?
@gullyweaver1714
@gullyweaver1714 8 ай бұрын
I agree. Politicians in the UK are pretty much out for themselves.
@wedisegen
@wedisegen 8 ай бұрын
@@gullyweaver1714 That's politics in every country though. It's even worse in the US.
@johnpark7972
@johnpark7972 8 ай бұрын
Both left and right wing politicians. Different views but at the end of the day they’re the same corrupt politicians
@lenrman969
@lenrman969 8 ай бұрын
and their friends and donors.
@pineapplesareyummy6352
@pineapplesareyummy6352 7 ай бұрын
Fundamentally, the UK is just a small island nation without much natural resources to support its relative position in the world order. Without its global Empire, it was destined to sink back to the norm, while big, productive, populous countries like China and India, who punched well below their weight in the 19th and 20th centuries rise back to where they should be in the global pecking order. As for de-industrialisation, there is no one to blame but the neoliberal economic policies of the British government itself. The video correctly noted that Britain chose finance over industry, while Asia chose industry, manufacturing and investments. For the last 40 years, ever since the re-introduction of neoliberal capitalism, the Western world had lived in a lie which undid the widespread middle class prosperity achieved in the post-war decades. Now, Europe is saddled by a proxy war on its biggest energy supplier at the behest of the US. The 2020s will not be any better than the 2010s. Most likely, it will be another lost decade for the UK and much of Europe.
@micalcre8ts
@micalcre8ts 7 ай бұрын
you're absolutely correct UK became rich through colonial times...not from it's own merits
@kyabe5813
@kyabe5813 6 ай бұрын
@@micalcre8tscolonial *crimes
@Pluto_is_a_planet273
@Pluto_is_a_planet273 6 ай бұрын
​@micalcre8ts it became rich from industrialization. It was so influential despite being small because it was one of the few and for a bit, the only country to be industrialized. The issue is the rest of the world is industrializing
@cheng8881
@cheng8881 6 ай бұрын
@@Pluto_is_a_planet273 You must be mentally challenged to believe that. Read what the OP said, he isn't lying.
@mrfrisky6501
@mrfrisky6501 6 ай бұрын
Not true though is it - the UK (not just Britain) had and still has plenty of natural recorces. That's why it boomed during the industrial revolution. It's still got plenty of its own Gas, Coal and oil but it's following the modern trend and moving away from them.
@muhammad-bin-american
@muhammad-bin-american 8 ай бұрын
Would love to see Britain thrive but it seems like the current situation is not promising. I think the main problem is lack of competent leadership. Their politics is also more tribal and divisive now. You have to look at my place (Africa) to see the effect of that. People stand by their politicians whether their actions are good for them or not. A lot in common with present day America actually.
@bothi00
@bothi00 8 ай бұрын
The leadership of Britain is actually incredibly competent and efficient. The issue or mistake is assuming that they're working for you, or for the good of the country, or most people in it. If you believe what they say and really think that they are there to help Britain and it's people, then sure theyll come off as staggeringly incompetent. But they're not. They're very clever people who know exactly what they're doing. None of this is by accident; it's by design.
@kanedNunable
@kanedNunable 8 ай бұрын
USA had trump we had Boris. both lying shitweasel populists, promising everything, delivering nothing.
@stevenhull5025
@stevenhull5025 8 ай бұрын
Stand by politicians who's action are good or bad for you??? Speaks volumes why so many Africans are fleeing to Europe.
@jeremymckenzie6038
@jeremymckenzie6038 8 ай бұрын
An African wanting to see Britain thrive?? Did they not pillage and R8ape your land enough??? WTF are you thinking. Oh you're one of those
@muhammad-bin-american
@muhammad-bin-american 8 ай бұрын
@@bothi00 LOL!!!
@randomguy2108
@randomguy2108 8 ай бұрын
I'm a student studying at university in the UK from Malaysia, I thought I was coming to a developed country but tbh I feel like my country which is labelled as developing is doing much better than this so-called developed world.
@BR0_B0T
@BR0_B0T 8 ай бұрын
You're always free to return!
@dalymaddox8254
@dalymaddox8254 8 ай бұрын
your always free to go you know. personally i want less immigrants each spot one takes up in a uni a British person could have had and they would have a higher chance of staying here paying tax and contributing to the economy but its calm
@agrajyadav2951
@agrajyadav2951 8 ай бұрын
@@dalymaddox8254 ur dumb and this is why you will keep getting poorer. As for the commentor, he will probably leave, the fees for international students isnt low, so, he should first earn that money back, and then move to one of tens of far better economies, a lot of them in "developing world"
@qizhang2032
@qizhang2032 8 ай бұрын
everywhere could be a paradise if youre rich, paradise could be hell if youre poor
@TrueBlueVinn
@TrueBlueVinn 8 ай бұрын
😂😂 Ive been to both Malaysia and the UK, you are deluded if you think Malaysia is doing anything better 😂😂 Looks like you've wasted a lot of money for your university "education" 😂😂😂
@RichardBrett899
@RichardBrett899 8 ай бұрын
Every country goes through the ups and downs, and Britain is no exception. Also, Britain has been too complacent and unaware that the world is changing very fast. 😂
@kanedNunable
@kanedNunable 8 ай бұрын
its stuck in the past dreaming of its empire.
@lesskeels3417
@lesskeels3417 8 ай бұрын
Yes indeed, dear sir, unfortunately there are those amongst us that expect results in the blink of an eye, VERY FEW THINGS can happen within that time.......except perhaps, the blink of an eye!!
@fitzstv8506
@fitzstv8506 8 ай бұрын
The UK has a very very over inflated view of it's importance in the modern world and unfortunately shows no signs of taking a more humble position, this arrogant and entitled view is to a large degree responsible for the UK's continued decline.
@macsanatic
@macsanatic 8 ай бұрын
@@fitzstv8506 All facts, exaclty what's going.
@nigstar1239
@nigstar1239 8 ай бұрын
@@fitzstv8506 agreed. We've to step down a bit.
@Ghosy01
@Ghosy01 8 ай бұрын
It never made sense to me why britains economy which lacks any resource extractive industries or manufacturing is so high . Their service sector is massively overvalued doubly so after brexit
@Ercan-fc2oq
@Ercan-fc2oq 8 ай бұрын
London is stealing the wealth of other countries, this is how
@thatundeadlegacy2985
@thatundeadlegacy2985 8 ай бұрын
Shouldnt have destroyed their farming industry.
@PhoeniX199777
@PhoeniX199777 7 ай бұрын
We're literally one of the largest manufacturers in the world
@BigHenFor
@BigHenFor 7 ай бұрын
​@PhoeniX199777 Not really. Manufacturing is only 15% of UK GDP. The UK hasn't led in that sector in the global economy for decades. It fell really behind in the late 1970s, because it was already over-reliant on its financial services then, and that was over exposed to debt lending to industry. So UK banks stopped investing in industry, and switched over to debt farming instead. Under Thatcher, deindustrialization was embarked on with an almost breathless enthusiasm, and the banking sector - including its grubby money laundering and global tax haven business - was deregulated. Debt Farming, rent seeking, asset bubbles, and money laundering became drivers of the economy, rather than manufacturing. While we were in the EU, we were at least the gateway for English speaking foreign direct investment into the EU, which attracted some manufacturing, but never to the level of its real heyday, which was under the British Empire, with its protectionist Imperial Markets System. Once the Empire's rivals - the USA, Europe, and the Far East - industrialized fully and caught up, Britain began to lose ground. Its rivals began to create their own Empires and spheres of influence. Protectionism as a response to competition in Europe led to two World Wars in short succession. And the huge debt owed to the USA from those, killed off the British Empire with its imperial Markets, and Sterling's status as the major global reserve currency. Culturally inherent racism, once part of the glue that held the Empire together, trumped economic and geopolitical pragmatism within the Commonwealth in the 1950s and 1960s, scuppering its chances of becoming the world's biggest trade bloc. This left Britain with no choice but to pivot pretty damn quick towards Europe, however unwillingly, or alien it seemed to Britain's elites. They had no choice. The Empire only existed because of economic and technological innovations that helped Britain to be the first nation to industrialize, but once that “First Starter” advantage was eroded, the thinking that established it began to undermine it. The wealthy, white settler-run, resource extracting colonies either chose independence (USA, Rhodesia), or pushed for self-governance as Dominions (Canada, Australia, New Zealand, and South Africa). The remaining colonies were underinvested in, with their industrialization limited to infrastructure that did little more than enhance resource extraction, like India, which only managed to complete its industrialization after its independence. This was, perhaps, an error on Britain's part. Such short-sightedness came from an inherent insecurity, born from the nature of Colonization - a self-serving national pursuit of wealth and power, by creating “factory colonies” across the planet, that “turned evil into currency”. And such enterprise could only be profitable as long as it dominated and exploited other people and places, and protected its gains against its rivals. Imagine if Britain had industrialized where possible all its colonies? How wealthy could it have been? How much easier would have been the transition from subjugation to partnership, if Britain had started this venture with the end in mind? Britain couldn't stop industrialization spreading elsewhere, but it tried to limit its losses, and ultimately failed. All Empires end, mostly because of generational forgetting, and short-sightedness. Even Brexit was made easier to achieve because of these tendencies. Too many entitlements, and not enough legacy planning, created it. And so, British Manufacturing is being left to wither on the vine. It's only 15% of GDP, after all. Never mind that it's taking the productive economy down as well. Financialization will impoverish us all. Brexiteer visions of Britain as a post-Industrial, financialised, global rent seeking, economic vampire, are as comforting as someone sucking one's blood. Why? Because it will enslave workers with debt. It always has. It is an idea as old as the hills. And it will not end well. It destroyed the Greek and the Roman Empires by weakening their economies from within, as it is weakening ours right now. And it has done throughout history. And until the discipline of Economic History is revitalized in our education system, and we learn from our mistakes, we are sleepwalking into disaster.
@alkaholic4848
@alkaholic4848 7 ай бұрын
@@PhoeniX199777 Lol i don't know how they're fiddling the statistics, probably by things like importing a car missing one screw, installing the screw here and claiming we manufactured it 😄 You've only got to take a look around outside to see there are very few industries remaining. And have a look round our homes to see that almost all of our goods - cars, tvs, computers (including mobiles), electronic gadgets, kitchen appliances, furniture, etc - all come from other countries.
@mikw1809
@mikw1809 8 ай бұрын
There's hope? Well, hope is just an emotion, and when the people in power are only interested in serving themselves, you can guarantee the outcome is going to be hopeless.
@walkerhaw5468
@walkerhaw5468 8 ай бұрын
Dan Pena is going to change everything.
@lilytea3
@lilytea3 7 ай бұрын
0:00: Britain's GDP per capita is $46,400. 0:45: The wealth is heavily concentrated in the southeast, while the rest of the country faces low pay and weak productivity. 1:50: The financial crisis in 2008 hit Britain hard, leading to falling wages and stagnant household income. 6:00: Overall investment in R&D as a share of GDP exceeds OECD average but lags behind countries like the US, Japan, and Germany. 6:15: Underinvestment in intangible investments such as market research, branding, and training contributes to the UK's productivity gaps. 6:35: Elevated uncertainty at both the individual firm and aggregate economy levels, following the financial crisis and Brexit result, has deterred business investments. Recap by Tammy AI
@persimon6598
@persimon6598 7 ай бұрын
No colonies, no extortion money anymore.
@iielysiumx5811
@iielysiumx5811 8 ай бұрын
The UK has been in a perpetual state of financial crisis ever since around 2010, austerity gutted our public services, infrastructure investments, investments in job, skills, young people. Then leaving the EU ruined our trade, immigration, international connections and access to markets. Combine that with a housing crisis, one the government is incapable of doing anything about, an aging population, falling education standards, no policing or even punishment for criminal acts, the UK is on the brink of collapse at this stage. The conservatives have ruined this country in the last 13 years, it may even be beyond repair
@georgesdelatour
@georgesdelatour 6 ай бұрын
I think you're being too Party Political. By all means blame David Cameron and the Conservatives for post-2010 failings. But things were going wrong long before then. Tony Blair's ten years in power saw the greatest ever rise in housing costs as a share of people's incomes. The UK's problem of low-to-negative productivity also first became statistically apparent during Blair's tenure, around 2004. Blair was also very devious about manipulating data. It was under his Premiership that we started to count the earnings of prostitutes and drug dealers as GDP growth. Blair also changed the way we measure crime, to hide its rise.
@lewis123417
@lewis123417 5 ай бұрын
Lol absolutely no mention of the amount of money we printed in order to close our economy for 2 years. Covid makes brexit look like a drop in the ocean
@Alex-fm5ke
@Alex-fm5ke 8 ай бұрын
The uks lack of investment since brexit makes up for most of the loss in output since 2016. The lost investment is mostly due to uncertainty which is brought on by our government
@stephenconway2468
@stephenconway2468 8 ай бұрын
Yes. The govt withdrew money and then we have Brexit hitting FDI since 2016.
@BG-wm2tw
@BG-wm2tw 8 ай бұрын
Why are you blaming the government? No company in its right mind will start a factory or business in Uk if they can go invest same capital in any of the EU members and have access to a much larger market.
@sunilkhamer
@sunilkhamer 8 ай бұрын
@@BG-wm2tw It's not about much larger market. It's about whether the business can make more profits and do business easily. Put yourself in place of a business man. If you are putting your money risking it then you want it to generate high return, you don't want to deal with high taxes, regulations, lack of cheap labour.
@Joker-yw9hl
@Joker-yw9hl 7 ай бұрын
To be fair and objective, it was Parliament's refusal to enact the will of the referendum that caused so much uncertainty. All of which went away post-deal/covid. So mostly the opposition Parties' fault, weakening our negotiating position with the EU and lengthening the uncertainty for the country. Awful behaviour, really
@benghiskahn3673
@benghiskahn3673 2 ай бұрын
​No. Brexit is in and of itself the problem. The whole sorry mess, from start to where we are now. Brexit was never defined by its proponents, the vote itself was advisory and hugely inadequate in terms of information and definition. The referendum was inherently a source of uncertainty because Brexit was ill-defined and every single vote for Brexit was a vote for whatever the largest power bloc in parliament wanted it to be. All in all, it was just a stupid idea in the first place that has cost the country dearly.
@danisraelmalta
@danisraelmalta 8 ай бұрын
Small fix to the clip - immigration didn't go down after brexit. It went up.
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
Yeah I noticed several errors like that - which makes me wonder what agenda is being pushed here.
@mitchrils
@mitchrils 8 ай бұрын
This video has such a leftist bent it’s an absolute joke. The video is full of gross oversimplifications and complete falsehoods like this.
@krush905
@krush905 8 ай бұрын
maybe the clip should investigate more about the demographical change after brexit
@thatundeadlegacy2985
@thatundeadlegacy2985 8 ай бұрын
these poverty stats seem kinda sus too.@@incurableromantic4006
@PhoeniX199777
@PhoeniX199777 7 ай бұрын
@@incurableromantic4006 I just instantly ignore videos that have even 1 clip of bullshit in them, especially since people constantly down talk the UK all the time.
@emiliajoe1426
@emiliajoe1426 3 ай бұрын
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserved. Thank you Arleth Toledo, imagine investing $1000 and receiving $4,300 in a few days🇬🇧
@MartinSanchez22115
@MartinSanchez22115 3 ай бұрын
Arleth's success story is everywhere no doubt. Got a chance to benefit from the service few weeks ago and it has been a massive return.
@craigrobinson6455
@craigrobinson6455 3 ай бұрын
Investing is more better than saving, when you invest rightly, it helps you bring more money in the nearest future.
@Martin_Willer
@Martin_Willer 3 ай бұрын
This is not the first time I have heard about Ms. Arleth Toledo and her exploits, but I have no idea how to contact her.
@Martin_Willer
@Martin_Willer 3 ай бұрын
Please how can I reach her??🙏🏻
@emiliajoe1426
@emiliajoe1426 3 ай бұрын
SHE MOSTLY INTERACT ON TELEGRAM!
@D0gpantsMcgee
@D0gpantsMcgee 8 ай бұрын
For all the austerity measures that have been implemented, why were there basically no tax cuts for the working class, sure personal allowance was increased a couple of grand but still losing 25% (thats just income tax, not VAT or anything) of your pay packet, whilst public services went down the shitter. The austerity that was implemented wasn't to save money, but it was just so the government could redirect a higher percentage of tax into their friends pockets. The entire of the UK looks at london with disgust, its the marie antoinette of the 21st century.
@alkaholic4848
@alkaholic4848 7 ай бұрын
If only we were part of a union that enforced grants to poorer areas, and clamped down on tax evasion of the wealthy. Something like.... i dunno..... the european union for example.
@mongoliandude
@mongoliandude 7 ай бұрын
As a Londoner, many of us look at London with disgust too. I hear lots of folk on the outside look at London and criticise our immigrant populations. But what’s really hurting us is ‘domestic immigration, where lack of opportunities/intrigue outside of London attract the children of wealthier people from outside and we can’t compete with their buying power when it comes to housing ourselves. Ironically, wealthy immigrants and foreign investors just cause the same issue.
@maxgee1691
@maxgee1691 6 ай бұрын
Because tax pays for nothing. It goes in the bin. The government (via the BoE) and its agents (commercial banks) create all money FIRST, when it is spent into the economy. Only then, when it is subject to a transaction such as our pay packets, some of it is removed from circulation in the form of taxation. Austerity was Tory opportunism to shrink the state on the back of the 2008 banking crisis, which is why they told us the country was broke and had to repay its 'debt'. This was utter bullshit and people died for it
@Paul-qg3iw
@Paul-qg3iw 8 ай бұрын
Final point, it is TOTALLY LOST on UK Government that there is a correlation between record taxes and people working less as per non-existence productivity growth and zero GDP growth. The only net zero UK is spectacularly achieving is on people’s living standards. Sunak/Hunt Administration is horrendous.
@MarkJones-gt2qd
@MarkJones-gt2qd 8 ай бұрын
I can't convince my partner to retire and live within our means, so instead they are working themselves to death to pay more taxes and achieve nothing. Most of the older generation believe, and it's an important belief for a country, that hard work bring rewards. But it's not really true, it just lets you pay more. As a higher rate tax payer, I'm utterly unable to understand how people live today. We have one old car, one modest UK holiday, that's about it. Once cellar dwelling child, one college student, that costs a bit though.
@jimpaddy79
@jimpaddy79 8 ай бұрын
How do you get to work less because of tax. I have to work a certain amount in the week if my tax goes up how do i get to work less?
@gggghhhh1288
@gggghhhh1288 7 ай бұрын
@@jimpaddy79 you put in less work while working the same hours
@jimpaddy79
@jimpaddy79 7 ай бұрын
What is this record tax, income tax and vat is the same as it's always been
@jimpaddy79
@jimpaddy79 7 ай бұрын
@@gggghhhh1288 but most jobs wont let you do that, plus so many people are now self employed
@billlhooo6485
@billlhooo6485 8 ай бұрын
Remember gdp per capita doesn't mean everyone make that much it just averaging the people can produce in the country.
@andrewj4426
@andrewj4426 8 ай бұрын
It gets even worse. Strip away money printing and the world hasn't had any gdp growth since 2008. the growth is just inflation.
@walkerhaw5468
@walkerhaw5468 8 ай бұрын
Dan Pena is going to change everything.
@Sinoops
@Sinoops 8 ай бұрын
If we are talking about average GDP per capita then yes. Median GDP per capita is an entirely different statistic.
@JacobHo161
@JacobHo161 7 ай бұрын
I moved to the UK 3 years ago. The productivity of every service shocked me, whether it was a public or private service. People complain about low wages, but many of them slack off at work. A job that can be done in a day often takes them several days to finish.
@yeetian2774
@yeetian2774 7 ай бұрын
They get paid by hours.
@ari_a2764
@ari_a2764 7 ай бұрын
​@@yeetian2774everyone gets paid by hours. The difference here is these people are gov employed they get paid if they work fast or slow. Thats one problem with public services one that cant be fixed by abolishing public Services
@LeahsLover
@LeahsLover 7 ай бұрын
Yes so true, they are not appreciative that they have a job, they just wish they didn't have to work.
@ari_a2764
@ari_a2764 7 ай бұрын
@@LeahsLover if the pay is bad you do the bare minimum. There is a difference between a job and a career.
@Philip-dy3ww
@Philip-dy3ww 7 ай бұрын
I just moved to UK. The tram and bus drivers often on strike. I respect labour’s bargaining power and right , but it may be overly done. They are very well paid already , compared to NHS workers who receive extensive professional training .
@accordani
@accordani 8 ай бұрын
I feel like it's important to mention when looking at the healthcare spending figures that the US System is really inefficient. So more money spent isn't always "good". Any opinions?
@paularnold1930
@paularnold1930 8 ай бұрын
Yes. Natural remedies around for thousands of years.. Western healthcare is a con created 200 years ago in the US.
@ross_ulbright7779
@ross_ulbright7779 8 ай бұрын
US Healthcare is great as long as you have insurance. As long as you have a job you usually have insurance. If you don't then you better buy some. Most people are relatively healthy until their senior years so don't need much Healthcare.
@kanedNunable
@kanedNunable 8 ай бұрын
@@ross_ulbright7779 they pay a fortune for insurance. americans pay 10x what brits pay for healthcare.
@monipenny408
@monipenny408 8 ай бұрын
LOL regardless of opinions U$ healthcare is coming to UK soon, you think you have a choice or vote on it, don't think so. Best be prepared for high insurance cost.
@__-fu5se
@__-fu5se 8 ай бұрын
For-profit healthcare system is an oxymoron: when their financial well being depends on the customer's disease and suffering, costs will only go up as they watch you die. Don't make this mistake UK.
@StanPete-tw7ro
@StanPete-tw7ro 8 ай бұрын
Actually, immigration has increased since Brexit!
@thatundeadlegacy2985
@thatundeadlegacy2985 8 ай бұрын
Apparently in a democracy or idiocracy policy change takes years then the other party reverses those channges, the increase is because people panic flooded into UK, before it closed, and they dont just grow a pair and toss them all out.
@phabove7
@phabove7 7 ай бұрын
Legal Immigration of professionals needed for economy, No. Illegal immigration and asylum seekers, Yes.
@michaelandrews4783
@michaelandrews4783 6 ай бұрын
yea because all the idiot poms in spain and other EU countries refused to take out citizenship before they were expelled, they were given many chances by said countries but are the types who voted for Brexit. Good riddence.
@iedi3
@iedi3 6 ай бұрын
Yes, but immigration from outside EU
@sergiopawson
@sergiopawson 8 ай бұрын
It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?
@PurvisTwiggs
@PurvisTwiggs 8 ай бұрын
first austerity, then brexit, now widespread bank failures. .always do your own reserach & speak to a license advsior before thinking about putting your money into these crazy markets please
@sergiopawson
@sergiopawson 8 ай бұрын
Rtd Workaholic. this is incredible! how can I vet your advisr, mind sharing info, if you please?
@PurvisTwiggs
@PurvisTwiggs 8 ай бұрын
curiously copied and pasted her full name on my browser, no sweat spotting her site. Ive seen commentary about advisers but not one that looks this phenomenal, very much appreciate it
@sergiopawson
@sergiopawson 8 ай бұрын
Saïd, Nice recommendation. Lady looks great seems to be worth her salt. Hopefully I can get some insight into my portfolio. what is the fee like though if you don't mind?
@BG-wm2tw
@BG-wm2tw 8 ай бұрын
Fake scammer conversation 😂😂
@ruvanefriebus-cv6td
@ruvanefriebus-cv6td 8 ай бұрын
Who would've guessed it deindustrialized economies collapse
@dennisthompson2350
@dennisthompson2350 7 ай бұрын
The political class that hates the working class
@RomitDholakia5
@RomitDholakia5 8 ай бұрын
Why is Britain not rich anymore? Simple Answer: It has no colonies.
@junaidk6855
@junaidk6855 8 ай бұрын
Also everything is already divide between the rich..No new opportunities for anyone
@RoyalFlush1998
@RoyalFlush1998 7 ай бұрын
@@junaidk6855there’s so many opportunities for people in this country to give themselves a nice live, people are just lazy and want to be handed shit for free
@philipwood9526
@philipwood9526 8 ай бұрын
Britains Politicians will not allow Britain to compete, Britain is not run by a Britush government but by a global one.
@Ercan-fc2oq
@Ercan-fc2oq 8 ай бұрын
It is run by the British crown who are of German origin.
@philipwood9526
@philipwood9526 8 ай бұрын
@@Ercan-fc2oqMore by the Lords ans Earls who are of French extraction.
@Ercan-fc2oq
@Ercan-fc2oq 8 ай бұрын
@@philipwood9526 The name of France derives from a German king.
@jimpaddy79
@jimpaddy79 8 ай бұрын
In what way is Britain not being let compete
@K_-_-_-_K
@K_-_-_-_K 8 ай бұрын
Bingo. It's amazing how the people that told us this near a century ago are demonised yet proven even more correct as the years go by.
@eug69explondon7
@eug69explondon7 8 ай бұрын
It's a very interesting video. I've lived in England for almost 25 years. We lived in the South, now the North. And its amazing the difference, you see more poverty in the North. We help some food banks around here with endless queues of people. The contrast between London and Hull foe example is incredible. The Health system is so poor, we're glad there is Social care, but it's so bad managed that hurts, people waiting foe treatments for years. On the another hand, British countryside has to be one of the best in the world. Having live in Canada, NL, Costa Rica, etc, we love how they look after old buildings. National Trust , English Heritage, amazing charities that preserve their history. Nevertheless, people need to eat and work, and we can see how England has decreased in different fields. Let's be optimistic, UK needs to be ok, they are usually the first to help other countries when they needed it. I remember the Tsunami in Indonesia, UK was there first, with the war in Ukraine, again UK there first... It's so difficult to find the balance... Let's pray for a better future for all... Peace and love to all.🕊️
@davidevans3498
@davidevans3498 8 ай бұрын
Well said
@samuelsum4209
@samuelsum4209 8 ай бұрын
Shouldn't be uptight, as the ruling govt knows there r still tons of Colonial bounty yet to auction or spend.... Cheers😮😮😮
@fitzstv8506
@fitzstv8506 8 ай бұрын
Nice comment until you ruined it by claiming the UK is the first to provide aid where it is required! factcheck please before posting, the UK is average when it comes to global response to catastrophy, the UK media always sing the praises of UK response to world issues while deliberately ignoring or downplaying the response from elsewhere and this is also true of the two examples you gave i.e. Ukraine and the Indonesian Tsunami.
@eug69explondon7
@eug69explondon7 8 ай бұрын
I'm not here to confront or prove anything. I'm just a simple witness of things. Nunca hago leña del árbol caído. La ignorancia terminará matando la civilización. Noi doviamo respetare tutti persone senza criticare gli opinioni. Peace and love to all.
@DamjanP-ik5bx
@DamjanP-ik5bx 8 ай бұрын
You're right about "helping" Ukraine to get to where it is now...
@wadesmith666
@wadesmith666 8 ай бұрын
Well, if the government had not handed over £141 Billion of our tax money to their mates to boost their own share price, and instead let those particular banks fail. Set up a new bank using part of the 141 Billion to ensure, and underwrite the publics mortgages, etc. Then invest the rest of the 141Billion into public services , infrastructure etc, we wouldn't be in the state we are now.
@roadtoonemillion284
@roadtoonemillion284 8 ай бұрын
Oh yeah? Then you must fuming at the £800 Billion they gave away to the rich during covid.
@kanedNunable
@kanedNunable 8 ай бұрын
so you are blaming labour, not the tories?
@wadesmith666
@wadesmith666 8 ай бұрын
The two of them are like the same party as they stand now. Labour wants to control you, Tories want to steal your hard earned cash@@kanedNunable
@stevenhull5025
@stevenhull5025 8 ай бұрын
The NHS cost the taxpayer 180 BILLION alone. That is £2700 PER PERSON in the UK. The bottomless money pit of the NHS, Social Security and Social Care are financially crippling this country.
@roadtoonemillion284
@roadtoonemillion284 8 ай бұрын
@@stevenhull5025 definitely not privations of the NHS jacking up prices and cutting down services by funnelling rip off prices and record profits to private contractors then yes?
@asteroidkatfacts1036
@asteroidkatfacts1036 8 ай бұрын
1 Reason: They can no longer illegally invade other cointries and steal everything from them.
@smoothoperator9845
@smoothoperator9845 8 ай бұрын
Bull’s Eye 🎯 ! Colonisation perpetuated by the British aka Looting, Plundering and Colonist - Royal Family😮, France 🇫🇷😮, Spanish 😮and other colonists terrorists?
@neilhughes5645
@neilhughes5645 8 ай бұрын
Boris couldn't afford to decorate downing street when in office. Now he's a multi millionaire. Obviously thats where the dough went. Audit the lot of them.
@georgebeddows4777
@georgebeddows4777 8 ай бұрын
Boris was a multi millionaire from birth, just like most of our overlords
@kanedNunable
@kanedNunable 8 ай бұрын
@@georgebeddows4777 no he wasnt. his dad was only an MP. boris got all his money in the last few years.
@3I6M9
@3I6M9 8 ай бұрын
Land rover and jaguar are now owned by TATA Motors, and indian company, all the electricity is owned by the French
@niweshlekhak9646
@niweshlekhak9646 8 ай бұрын
they are only shareholders, they don't own Land Rover or Jaguar.
@zuzanazuscinova5209
@zuzanazuscinova5209 8 ай бұрын
​@@niweshlekhak9646what do you think shareholders are? The owners, lol.
@niweshlekhak9646
@niweshlekhak9646 8 ай бұрын
@@zuzanazuscinova5209 shareholders are not owners unless they own more than 50% of the shares.
@kochrajbongshi8952
@kochrajbongshi8952 8 ай бұрын
@@niweshlekhak9646 Tata motors own 100 per cent of jaguar Land Rover.
@niweshlekhak9646
@niweshlekhak9646 8 ай бұрын
@@kochrajbongshi8952 they are shareholders, not owners.
@Capcoor
@Capcoor 6 ай бұрын
I read an encyclopedia article about Great Britain in 1970. One section of the article was called “Economic Problems.”
@burnoutminion
@burnoutminion 8 ай бұрын
The richest are getting richer in UK, and the poorest are getting poorer in UK.
@stevenhull5025
@stevenhull5025 8 ай бұрын
The rich get rich because they bothered to get themselves financially educated whilst the poor do nothing but blame everyone else but themselves.
@garybird8646
@garybird8646 8 ай бұрын
Things aren't exactly rosy with our near neighbours France and Germany either, just for a bit of context.
@stephenconway2468
@stephenconway2468 8 ай бұрын
True. They have recovered what was lost due to the pandemic. We have as yet to dig ourselves out. Germany's recession is slight and remember they are directly impacted by Ukraine.
@djames3835
@djames3835 8 ай бұрын
Why do so many Immigrants travel through the developed countries like Germany and France, to get to the UK?
@pritapp788
@pritapp788 8 ай бұрын
In France and EU nations you need valid ID to be able to work, not in the UK. So the UK is more attractive for illegal immigrants. It's a situation that's entirely in the UK's hands to resolve, but it's easier to do nothing and blame European nations for standing their ground.
@benghiskahn3673
@benghiskahn3673 8 ай бұрын
Because they have family ties here. Or because they are from countries that were former British colonies and therefore they speak English. There is NO rule that states that an asylum seekers has an obligation to submit an asylum claim in the first safe country they enter. The UK has obligations under various treaties it has signed. We take fewer than our fair share relative to the size of our economy, the footprint our nations history has had in stoking regional conflicts, and in terms of absolute numbers. The issue is that the UK has been destroyed by 14 years of conservative "Governance", whereby they extract wealth from public finances to give to their friends, whilst starving public services of investment. You are blind if you cannot see this.
@Tedmason897
@Tedmason897 8 ай бұрын
​@@pritapp788total bs bro, it's because the UK system is a complete joke.
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
Because we give them free everything , we'll take anyone, and we never deport. We're famous all over the world as country where the system can be very easily conned.
@dennisthompson2350
@dennisthompson2350 7 ай бұрын
Social services and benefits
@Vitamins152
@Vitamins152 2 ай бұрын
Read this to know about our past and achievements. Ancient India's Achievments: 1. Ancient universities such as nalanda, takshashila, vikramshila, and much more over thousands of years ago. 2.Indians had concepts of calculus before west like infinite series for pi, power series for sine and cosine, inverse tangent series, and much more. 3. Aryabhatta invented sine function. 4. Bhaskara II gave modern definitions of sine and cosine. 5. Sushruta was one of the pioneers in surgery over 2000 years ago. 6. Maharishi Kanad, a philosopher, proposed the idea of atoms in 600 BCE. 7. Brahmagupta invented the formula to determine the area of cyclic quadrilaterals. 8. Decimal System. 9. Binary number system by pingala. 10. Ayurveda. 11. Bhaskara I stated that at the highest point, the rate of change is zero. 12. Varahamihira predicted water on Mars thousands of years ago. 13. Sridharacharya invented the modern-day quadratic formula. 14. Solutions to quadratics. Modern India's Achievements: 1. Har Gobind Khorana synthesized the first artificial gene and demonstrated the role of nucleotides in protein synthesis. He also played a massive role in cracking the genetic code. 2. Artificial synthesis of coenzyme A by Har Gobind Khorana 3. Chandryaan 3 landing on the south pole of moon. 4. Mars Mission. 5. Sun Mission (Aditya - L1). 6. Fiber optics by Narinder Singh Kapany. 7. Jagdish Chandra Bose was one of the pioneers in wireless communication before Marconi and transmitted signals before him. 8. Discovery of millimeter waves by Jagdish Chandra Bose. 9. Discovery of cholera toxin by Dr. Sambhu Nath De. 10. USB by Ajay Bhatt. 11.Pentium Chips by Vinod Dham. 12. S.N. Bose made contributions to quantum mechanics like Bose-Einstein condensate and laid the foundations for Higgs Boson. 13.Quantum Statistics by S.N. Bose. Also, Boson particles are named after him. 14. Discovery of triple helical structure of collagen. 15. Ramachandran plot, which is a tool used to visualize which angles can amino acids take in proteins. 16. Venki Ramakrishnan discovered the high resolution atomic structure of ribosomes. 17. First DNA based Covid Vaccine. 18. Cervical Cerclage was first described by Sirodkhar. 19. Crescograph. 20. George Sudarshan was one of the pioneers in quantum optics. (Watch and learn more about him). 21. Microwave Optics. There are many more indian greats you should learn about. Examples: Srinivasa Ramanujan, Subrahmanyan Chandrasekhar, C.V. Raman and Raj Reddy (one of the pioneers in AI along with McCarthy). Many of these were wrongfully attributed to foreigners or they teach you about this stuff, but never tell Indian origins. Bloodsucking leeches and their time is up .
@hiteshrohra2991
@hiteshrohra2991 Ай бұрын
Thanks ❤
@Vitamins152
@Vitamins152 14 күн бұрын
@@hiteshrohra2991 People used to look up to India in the ancient times. Foreigners used to study in Nalanda university. I remember ancient Chinese called India “civilized” and “center of knowledge”. Scientists and mathematicians of the islamic golden age admired our work. Greeks and Romans also used to look up to us. Good old times. Anglo-Saxons and other Westerners are the reason that South Asians face discrimination worldwide. They ruined our image by portraying us as animal f*ckers, street sh*tters, unhygienic (India needs to work on hygiene, I admit, but man often it is over exaggerated), savages, r*pists, etc. West butchered our reputation. We think South Asians face discrimination because of skin color, but that is not the case. When you are brown, people think you are from South Asia, and South Asia has a bad image.
@nanashipersonne4151
@nanashipersonne4151 6 ай бұрын
04:34 what is Japana? Also regarding productivits I didn‘t see any numbers to back that up. How is that measured?
@user-lo7qq3fu4h
@user-lo7qq3fu4h 8 ай бұрын
Unfortunately it's always been the stick not the carrot in the UK probably why there is poverty, low productivity and poor healthcare I don't think it will ever change and it started well before 2008. I just think it's sad that the younger generation have to suffer for the governments incompetence.
@stevenhull5025
@stevenhull5025 8 ай бұрын
Suffer?? When I see the pubs, clubs and restaurants heaving with the "younger generation" every Friday and Saturday night makes me realise why they cannot get on the housing ladder.
@deborahmaycock2184
@deborahmaycock2184 8 ай бұрын
Started before 2008 ,you having a laugh .My son is disabled we spent so much time in hospital between 2005 and 2011 he passed away in 2011 the NHS was a million times better I only ever waited in a&e for 2 hours now its 16 hours the doctors a nurses were paid well and the service was amazing compaired to now .We had money back then and could eat and heat our houses.
@gggghhhh1288
@gggghhhh1288 7 ай бұрын
@@stevenhull5025 you say this like it wasnt the same with every other generation... the difference is before you could do both, now you can barely do one
@windsong3wong828
@windsong3wong828 8 ай бұрын
UK is like the USA where a $2000 dog buys two $1000 cat whereas in China ….the $200 dog buys two $100 cat. The property rental just to live is so high that not much is left for anything else.
@Jo.Budeck
@Jo.Budeck 8 ай бұрын
The British people live hard, they don't need to be blamed... What's more important, the UK must continue to help Zoolensky...🇺🇦🇬🇧
@billlee6
@billlee6 8 ай бұрын
British sense of humour 😅
@harpreetgrewal9022
@harpreetgrewal9022 8 ай бұрын
More like Jewlensky
@Dr.Lem_Finance
@Dr.Lem_Finance 8 ай бұрын
Send more money to Zelensky ❤❤❤
@vuuc2257
@vuuc2257 8 ай бұрын
Jesus not that zelen freaking neo nazis ky
@eeddie25
@eeddie25 8 ай бұрын
Yeah, deprive 40 mln of people of weapons that you took away from them 30 years ago in 1994 and UK will finally return to the great growth it had during the last 15 years
@nueiart1077
@nueiart1077 8 ай бұрын
Greetings from Portugal, UK! Come here sit on the "fallen out of grace" bench! Kidding- you guys can still make it out of this! And I sincerely hope you do 💔
@MarkJones-gt2qd
@MarkJones-gt2qd 8 ай бұрын
I'd love to move to Portugal. For the weather, and apparently the people are pretty cool too. Of course, my English family are far too parochial for that.
@JayForsure
@JayForsure 8 ай бұрын
"fallen out of grace" 😂 so true, you guys (the Portuguese) were heavy hitters back in the day and now a shell of what once was (with all due respect to you)
@ryandanngetich2524
@ryandanngetich2524 8 ай бұрын
Thanks.... people like you is what the world needs.. spreading positive vibes
@fitzstv8506
@fitzstv8506 8 ай бұрын
Post brexit UK will continue to slide economically and politically, modern UK is built entirely on the legacy of it's past and this legacy well has run dry.
@MarkJones-gt2qd
@MarkJones-gt2qd 8 ай бұрын
@@fitzstv8506 We lost the cream of the country in two world wars. All that's left are the dregs, and the spivs, and the chancers from abroad. So there is that.
@nickob55
@nickob55 8 ай бұрын
UK prosperity is a myth, I live now in Bulgaria, and personal wealth is more evident, and there are two metrics the knowledgeable Jim Rikards points out, currency velocity and Debt to GDP both of which seem to be pretty good here. I have watched now for 20 years Eastern Europe and UK and see they are on opposite paths so doubling the equalisation and who knows reversal.
@fullmetaltheorist
@fullmetaltheorist 8 ай бұрын
Bulgaria's economy has grown massively in comparison.
@charliesargent6225
@charliesargent6225 8 ай бұрын
UK now being compared to Bulgaria and losing.
@shabbos-goy9407
@shabbos-goy9407 8 ай бұрын
The UK is in terminal decline. The Ex Soviet Bloc will year on year improve..
@fullmetaltheorist
@fullmetaltheorist 8 ай бұрын
@@charliesargent6225 That's rough buddy.
@Medicine91
@Medicine91 8 ай бұрын
Comparing the UK to America, Australia and Canada is not fair at all. Those are large continent-sized countries filled to the brim with natural resources. Spending for social programs will worsen inflation which hit the poorest the most. If you don't spend, they'll also suffer. You can't win unless you have increased productivity growth to counter inflationary pressures.
@HShango
@HShango 8 ай бұрын
Which neither happened, the UK is till the I'll man of Europe 😂, low growth, low productivity. It only relies on finance and doesn't produce anything worth buying (a part from ARM) to the rest of the globe. The car industry in the UK is a joke compared to other countries. The elites in the UK (I think) refuse to invest. Until then the UK will suffer and continue to do so People will go to uni, only to realise it was a waste of time (we are still wasting so much money on paper degrees) and it isn't lifting the country at all.
@EliF-ge5bu
@EliF-ge5bu 8 ай бұрын
Those are the countries that the UK considers peer countries. The UK for whatever reason, sees itself as a country more important on the world stage than what it actually is.
@viktorianas
@viktorianas 8 ай бұрын
The greatest empire that ever existed rings any bells??? I believe it is very difficult to downgrade oneself after being at the very top for so long...
@EliF-ge5bu
@EliF-ge5bu 8 ай бұрын
@@viktorianas greatest empire that ever existed however is only second to the US in terms of the size of its economy? Yeah, not that great of an empire, and the last time the UK was on top of economic ranking was the 1870s.
@viktorianas
@viktorianas 8 ай бұрын
@@EliF-ge5bu the USA is just a successful derivative of the UK, like Canada, Australia, so...
@wills4794
@wills4794 7 ай бұрын
The UK is now a country where most of the population work to subsidise a tiny minority of billionaires.
@khalfara
@khalfara 8 ай бұрын
If the British royal family where to support the British economy with just half of their loot, then the UK will have hope of recovery 🤔
@roadtoonemillion284
@roadtoonemillion284 8 ай бұрын
They do..they bring in tourists who pay $$$ and generate tax. Rishi Sunak is richer than King Charles, remind me, what does he do to boost the UK Economy apart from tax avoidance?
@kanedNunable
@kanedNunable 8 ай бұрын
@@roadtoonemillion284 france gets far more tourists and they killed their royalty, try again. im not defending sunak, hes a crook
@casparbenjaminseymour
@casparbenjaminseymour 8 ай бұрын
what a stupid uneducated point- they make far more to the UK economy than they cost, they are a net gain financially.
@khalfara
@khalfara 8 ай бұрын
@@casparbenjaminseymour worthless slave, explain in details what your 'royal' masters contribute to the British economy?
@khalfara
@khalfara 8 ай бұрын
@@roadtoonemillion284 richi sunak is richer then the head of the British family??🤣🤣
@tunnelvision3246
@tunnelvision3246 8 ай бұрын
For first-time investors, it cannot be stressed enough how important it is to invest hard-earned money in the stock market rather than a bank where interest is guaranteed! The market appears out of control, the times are unpredictable, and the banks are deteriorating. Could there be a chance for a boomer like me? I'm working on a rough estimate of $5M for retirement, and I have a healthy six figures saved up for this. I'm almost 60.
@zoeytank2921
@zoeytank2921 8 ай бұрын
It's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
@graceocean8323
@graceocean8323 8 ай бұрын
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $325K has yielded nearly $1m after subsequent investments so far.
@MattDouglas-hj9wh
@MattDouglas-hj9wh 8 ай бұрын
Please who’s this advisor that guides you?
@graceocean8323
@graceocean8323 8 ай бұрын
Salvatore Fortunato Sofia is the Consultant that oversees my portfolio. She's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.
@champhallier8468
@champhallier8468 8 ай бұрын
She appears to be a true expert in her field. I looked her up on the internet and discovered her website, which I perused and read to learn more about her credentials, academic background, and profession. She has a fiduciary duty to me to act in my best interests. I scheduled an appointment to utilise her services.
@missamandaloo116
@missamandaloo116 8 ай бұрын
As someone living in the UK, I wish UK can thrive. I suggest watching a documentary about Singapore reserves from CNA channel. How a small nation can thrive.
@kanedNunable
@kanedNunable 8 ай бұрын
low tax economies usually mean very poor people and some rich. it doesnt help the country
@monipenny408
@monipenny408 8 ай бұрын
what a crazy idea, work hard like singaporeans, it is a lot easier to just steal why bother with working hard.
@ausgaporetan8512
@ausgaporetan8512 8 ай бұрын
@@kanedNunableThat's incorrect. I reside in Singapore, and a quick search on Google reveals information from our official government website. It states that the median salary across all age groups and industries is SGD5,070 per month, which is equivalent to USD44,856 and £35,662 annually. Furthermore, our tax rates are exceptionally low, resulting in higher take-home pay. It's important to note that this figure represents the median; the average would likely be significantly higher due to the influence of wealthy individuals. While £35,662 might not seem high for a high GDP per capita nation like Singapore, it's worth mentioning that the majority of Singapore's population falls within the middle-class bracket. Interestingly, over 6.5% of our population are millionaires, which contrasts with many poorer nations where a majority of individuals are financially disadvantaged.
@lesskeels3417
@lesskeels3417 8 ай бұрын
What goes around will eventually come around, under the right auspicious circumstances. Never ever say never, never is always in between what is now & what is to follow.
@jakovcu
@jakovcu 8 ай бұрын
The fact that you and many others want to come and live in 🇬🇧 means that UK is still good place to be.
@leonpaul9443
@leonpaul9443 8 ай бұрын
The uk is on track probably by the second half of the century to be a cold rainy northern hemisphere version of the Philippines
@eriktopolsky8531
@eriktopolsky8531 8 ай бұрын
By then Philliphines will be highly developed economy, their development is on right trajectory
@agrajyadav2951
@agrajyadav2951 8 ай бұрын
meanwhile phillipines is on the track to becoming a developed and livable place by the second half of the century
@jeffsmith3392
@jeffsmith3392 7 ай бұрын
We weren't a rich country. Britain never got a real payrise from 2008-2021. Politicians wonder why the electorate are so volatile and unpredictable.
@smithb0134
@smithb0134 8 ай бұрын
As an American observer in all of this, I grew up during the 70s and 80s and it seemed Great Britain was in a much worse place back then than it is today; The Troubles, stagflation, high unemployment, riots, and it seemed like coal miners were going on strike every other week or so. Not to mention the Falklands War. Despite all that, the UK bounced right back, which is a testament to the resilience of the British people, I guess. Despite all adversity, they always bounce back.
@fitzstv8506
@fitzstv8506 8 ай бұрын
Without the certainty of the single market and security of the EU the UK's "bounceback" if ever is going to be a rather drawn out affair.
@fitzstv8506
@fitzstv8506 8 ай бұрын
@@riyadougla539 I don't know where you are from or where you you get your information from but the UK is very far from being a well run country!. The UK is possibly the most divided society in Europe not too mention the very uneven distribution of wealth that exists there furthermore it is economically unstable, highly indebted and very unproductive compounded with severe societal issues and now thanks to brexit isolated economically from it's main trading partners and dealing with the very damaging political fallout from the brexit process as well......Any UK "bounce back" will be slow and any future potential growth very limited.
@christinefiedor3518
@christinefiedor3518 8 ай бұрын
I was a teenager in the 70, left school, got my tertiary qualifications and married . Yes Britain had challenges with strikes galore but we worked our way through it and there was always hope for the future. However, it wasn’t until I lived and worked overseas (now in Australia since 89) that I realised that Britain has been living way beyond her means for decades. I go back to visit every 2 years and each trained things are worse than before. I trained in the nhs and am appalled to see the state it’s in. And disgusted to see both nurses and doctors on strike. Whatever happened to duty of care? But the worst things are that the greed and sense of entitlement are palpable. I don’t see the hope anymore 😔
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
"which is a testament to the resilience of the British people" The problem is only about 70% of the population *is* British nowadays - and the number is falling at a staggering rate. We have negative birth-rates: and endless, indiscriminate immigration is only making everything worse.
@christinefiedor3518
@christinefiedor3518 8 ай бұрын
Hmm food for thought!@@incurableromantic4006
@Hession0Drasha
@Hession0Drasha 8 ай бұрын
Leaving investment in the uks future, soley to the freemarket, has crippled the uks available skills and amount of infrastructure per person. When compared to all other comparable countries. Increasing amounts of debt, for housing, severely limits peoples abillity to start a small business.
@Cotswolds1913
@Cotswolds1913 8 ай бұрын
The most free market countries in Europe also tend to have the highest investment rates. The reason why investment for example in housing is so low in Britain, is bcuz of the Planning Law, not having a development-by-right model but instead one where every single construction site needs to go through specific and lengthy government approval, often to just be axed by some NIMBY conservative constituency. You mention infrastructure, once again private railways don't invest bcuz they aren't allowed to (only the cars themselves), bcuz they don't actually own the railway lines to begin with.
@SG003
@SG003 8 ай бұрын
They'll be irreverent in world stage soon
@Murmilone
@Murmilone 8 ай бұрын
1:16 No one compares different economies by nominal GDP. The UK is not sixth but tenth largest economy by GDP PPP. Just because everything is overpriced in your country does not mean you produce more.
@leonidas759
@leonidas759 8 ай бұрын
It's economic model is weird. It is not resources extractive like Canada's or Australia's, but it is also not manufacturing productive like Germany's or Korea's. It seems like the UK's economy relies much on the services industry, but it remains to be seen whether this is a good long-term strategy.
@fitzstv8506
@fitzstv8506 8 ай бұрын
The UK is actually living on the legacy of it's colonial past but now in the 21st century it has run out of legacy.
@teamtoken
@teamtoken 7 ай бұрын
I said this to my british friend as well. I live in Australia, and we hate how we let our manufacturing industry die, but we could do it because we live in one of the worlds most resource rich continents on earth, so we just dig stuff and sell it off. Britain doesn’t have this, they only have the brains and will of the people, so why did they get rid of productive industry? It’s the dumbest thing you could do. Did they think everyone was just going to become an investment banker or accountant? Utter stupidity. I feel sorry for the poor British citizens who have been led by such morons
@fitzstv8506
@fitzstv8506 7 ай бұрын
@@teamtoken Manufacturing industry has declined all over the western world because manufacturing is for the most part a low wage industry. Any manufacturing that is now done in the "west" is high end, high value.
@HaggardPillockHD
@HaggardPillockHD 8 ай бұрын
Fantastic video and an excellent analysis worthy of a piece in the financial times or the Economist.
@xtc2v
@xtc2v 8 ай бұрын
There is investment lending. It goes into property because its a safe bet and unless you have a unique product there is no way to compete with the far east in any manufacturing scenario
@marklapena854
@marklapena854 8 ай бұрын
Two main factors: austerity and Brexit. As the video pointed out, investment is vital for growth. Austerity is killing internal UK investment, while Brexit decimated the UK’s foreign direct investment.
@malthusXIII-fo3ep
@malthusXIII-fo3ep 8 ай бұрын
Austerity was Calamity Brown's debt ridden, toxic legacy in 2010....when all the money ran out.
@kanedNunable
@kanedNunable 8 ай бұрын
@@malthusXIII-fo3ep are you one of those morons who think labour crashed the american banks? debt under labour was 0.8 trillion. now its 3 trillion. yet you blame labour? pillock.
@williamwelborn4555
@williamwelborn4555 6 ай бұрын
Just curious if people work more than one job in the UK? I am finally doing well in the US but I did work 2-3 jobs most of my life while going to school part time. I am now 50 years old but have worked the equivalent of 40 years in man hours. I don't think it is a great solution. That much work has left me worn out physically and have already had a total knee replacement at 50 but that is what it took to stay a little bit ahead. Not complaining just sharing and curious what the experience is like there.
@jim-es8qk
@jim-es8qk 8 ай бұрын
Its a rich country. Private companies and government have figured out how to take our money and keep it for themselves. We're being screwed by everyone.
@leemary1000
@leemary1000 6 ай бұрын
I visited London last year for the very first time and I found London to be so beautiful and clean compared to California cities. Obviously all cities have good/safe parts and dangerous ones too. But my impression of London is that there is still so much wealth there and it was pretty affordable too. I guess what I’m trying to say is that I’d rather live in London than in the U.S.
@Anonymos321
@Anonymos321 6 ай бұрын
London might be the richest city in Europe but London is not the UK. Other parts of the UK are poor.
@royfr8136
@royfr8136 5 ай бұрын
Great to visit. Hard to live in
@renorgan
@renorgan 2 ай бұрын
The answer is simple; "Territorial conquest of other countries and subsequent loot became impossible".
@TheCommonS3Nse
@TheCommonS3Nse 7 ай бұрын
This is 100% what is happening in Canada right now. Our government cut spending after the recession and “balanced the budget”. That got a crackpot elected who just throws money at everyone with no direction towards productivity growth. Now we have no productive industries and are likely to get another Austrian inspired leader smack in the middle of the recession. We liked it so much the first time that we’re going back for seconds 😔
@user-ku8qs3qj3k
@user-ku8qs3qj3k 8 ай бұрын
Sorry this completely misses why the UK economy has a productivity problem, which is a weak labour laws and high immigration particularly from the EU. In the UK unlike france it is easier to hire a cheap worker to do a job than invest in new technology to make an existing worker more efficient. The gig economy has only accelerated this.
@phillipmorrison9607
@phillipmorrison9607 8 ай бұрын
Problem with that is the US has even weaker labour laws and even higher immigration, but much higher productivity. Productivity in thr UK would be lower if we didn’t have university educated immigrants coming to work here. Most immigration that comes here is skilled, not unskilled I.e. the data shows that on average an immigrant is more educated and more skilled than a UK citizen. The economic problems in the UK are huge and are more complex than you describe. I think the video does a pretty good job though it’s clearly quite politically driven
@adrianpocea2287
@adrianpocea2287 8 ай бұрын
There is no way that UK household income is ONLY 16 percent lower than US or 20 vs Norway
@stephenmani8495
@stephenmani8495 8 ай бұрын
I cannot comment on Norway. But I can say with certainty this is true in relation to the US. Not just based on published statistics, but actual lived experience. You can find some of the world's wealthiest people in the US. Mind-boggling wealth. But equally you can also see some of the poorest people in the US. The level of poverty in the bottom 30% of Americans is staggering! When you go to rural America, you can see huge numbers of desperately poor people living in trailer-trash vans. You can also see homeless people defecating on the streets in downtown San Francisco. You will never see that kind of poverty either in the UK or anywhere in Europe. The US is a country of extreme inequalities. It is not all just what you see in New York or San Francisco.
@adrianpocea2287
@adrianpocea2287 8 ай бұрын
@@stephenmani8495 I am not sure what does have to do with my comment. Statistics are statistics, what you saw on the streets of San Francisco is irrelevant to my comment. US has BY A LONG shot the highest median income, average wealth and total wealth and gdp, od any country of size in the world. The fact that US BARELY LOSES in the average numbers against exotic, Lilliput countries like Monaco, Quatar or Singapore, or fiscal paradises as Ireland, speaks volumes about the enormous wealth of US. And, the inequality that you describe is stuff that belongs to Brazil, Philippines or Indonesia or Thailand or Nigeria. US has 40 percent of its people above anything in Europe. Than the rest of 50 percent are on the same level with most of Europe. Than indeed, the bottom 10-20 percent is slightly poorer than most of the poor Europe. That's it. Statistics. For the rest, spare me the anecdotal examples of some rural inner parts where nobody wants to live, far away from anywhere and impossible to control by the federal government, or some drug addicts that the cities that you mentioned are too lenient with.
@caballoloco100
@caballoloco100 4 ай бұрын
Well, productivity is a function of 1. International investors who use Britain as a platform to export to Continental Europe or meet the needs of the domestic market. 2. The skills set of workers. 3. Other factors such as institutional and legal framework, etc. Please comment.
@user-qy9gu3kq7j
@user-qy9gu3kq7j Ай бұрын
Other countries don't give refugees a place in there land without them giving something back.the uk had taken over 750.000 overseas people and the majority of them are low skilled if have any skill.so paying benefit and giving more to NHS dental and making more homes for them is the real problem.
@bertmurphy8096
@bertmurphy8096 8 ай бұрын
On 28 September 1976 - Denis Healey arrived at London’s Heathrow airport on his way to the International Monetary Fund annual meetings. Waiting in the VIP lounge, gin-and-tonic in hand, the UK chancellor of the exchequer learned that the pound was plunging. Healey headed back to the Treasury and announced that Britain was applying to the Fund for a record $3.9bn loan. The British government, observed the Economist, ‘is bust’. Whatever happened to the wealth gained through the Empire?
@stevenhull5025
@stevenhull5025 8 ай бұрын
and Gordon Brown sold off tons of our Gold reserves for the lowest gold price ever. Have you noticed something?? Denis Healey and Gordon Brown were both Labour. Speaks volumes of what is to come when they return to power.
@jimpaddy79
@jimpaddy79 8 ай бұрын
@@stevenhull5025is selling gold at bad price in the middle of a global recession when you really need the cash that bad. Pretty sure if he had borrowed the money instead you would be complaining about that too. Didn’t Cameron sell the Royal Mail for half the share price it was trading at the end of the first day of the ipo.
@dawoodwaris
@dawoodwaris 8 ай бұрын
The poor working class paying too much in direct and indirect taxes while the wealthy is living their life using tax loopholes. Britain needs to reconsider the Brexit as it had lost the largest trading partner Europe. Britain definitely needs to kick start productivity, industrialisation, research and development otherwise the pound will be in the history book soon.
@Your_real_dad
@Your_real_dad 7 ай бұрын
Without taxes of farmers from other countries
@Callummullans
@Callummullans 8 ай бұрын
Because we’re governed by multiple independent bodies and we still have to pay for a central government that refuses to get involved
@margaretjones777
@margaretjones777 8 ай бұрын
An interesting analysis, but wrong in several key respects. 1) Immigration to the UK hasn't decreased since Brexit. It has in fact increased to an all-time high, reaching a net 600,000 immigrants in 2022. Indeed, data published in the papers today (22/08/2023) shows that the UK remains the most favored destination for migrants in Europe. 2) UK exports have already recovered completely since Brexit, and service exports have actually increased faster than in any other G7 economy. 3) As your charts showed (but you failed to mention), UK productivity has actually grown more than French productivity over the same period, in spite of the fact that France has not pursued any "austerity program" and has managed to run up an even bigger National Debt than the UK (116% GDP vs 98% GDP). Further to which: 4) It is hard to argue that the UK has been experiencing a period of austerity when National Debt and public expenditure have increased to record levels, unless by "austerity" you mean "not hosing maximal amounts of taxpayers' money at every begging bowl in sight". You need to understand that high taxes impose just as much austerity on the economy as cuts to public expenditure, and arguably at greater economic cost. Yes, public services are essential for a well-functioning society, but they do not necessarily enhance economic growth; and they certainly don't if they're not matched by improvements in productivity - further to which, for example, the NHS is currently some 10% less productive than it was ten years ago, thus accounting for a measurable chunk of the UK's "productivity problem". But, hey - it looks as if we'll soon have a Labour government that will try to solve the UK's problems through taxing, borrowing and spending as much as the markets will allow. Let's see how that goes, shall we?
@punitlearnsmusic4494
@punitlearnsmusic4494 8 ай бұрын
"globalized empire" @10:35 is one way of saying colonial power. I'm surprised how the loss of its former colonies wasn't mentioned as one of the reasons.
@pritapp788
@pritapp788 8 ай бұрын
​@@damionkeeling3103wrong analysis, those colonies represented opportunities in trade and commodities (oil, gas, metals, raw materials) for Britain and the loss of them would of course have a negative impact. Unless you somehow imagine that those resources would have been depleted by now. Economies like the USA or Canada which have vast amounts of such resources automatically enjoy an edge.
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
Because it's irrelevant - our economy boomed in the 80s and 90s and we had no empire then.
@SVHGh
@SVHGh 8 ай бұрын
@@incurableromantic4006 They still had colonies like S. AFRICA
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
@@SVHGh South Africa became independent in 1934. Why does no one look up basic facts before saying things like this?
@SVHGh
@SVHGh 8 ай бұрын
@@incurableromantic4006 1934?😂
@benh715
@benh715 3 ай бұрын
The austerity policy was a disaster. The government talked endlessly about cutting spending, damaging confidence, but at the same time kept increasing spending so the benefits of a balanced budget were never realised. All the downside but none of the up.
@willyhill7509
@willyhill7509 7 ай бұрын
One reason, because we have given over 500 billion (inflation adjusted) to the EU over 45 years.
@akashverma5756
@akashverma5756 8 ай бұрын
US is set to face same issue in future.
@manishg214
@manishg214 8 ай бұрын
Because the empire is no more and it cannot steal from others !
@walkerhaw5468
@walkerhaw5468 8 ай бұрын
Dan Pena is going to change everything.
@Eric-kn4yn
@Eric-kn4yn 8 ай бұрын
Because too many alien 👽 migrants taking over govt be warned its not welcome
@Pythoner
@Pythoner 8 ай бұрын
still does through neo-colonialism
@rajkaranvirk7525
@rajkaranvirk7525 8 ай бұрын
And yet your people still want to move there. 😂😂
@time4advancement244
@time4advancement244 8 ай бұрын
9:20 Brexit FAILED. If you voted for it, then take responsibility for some this
@user-ku8qs3qj3k
@user-ku8qs3qj3k 8 ай бұрын
I don't think comparisons to the work when you look at median rather than mean earnings. As the US has higher poverty, and the median american is lot less well off. That higher productivity is because they often have to work two jobs to make ends meet.
@AnkushOfficial4962
@AnkushOfficial4962 8 ай бұрын
They aren't surviving coz they don't have any colonies to exploit now 😂
@X8ALPHA
@X8ALPHA 8 ай бұрын
🙉
@Eric-kn4yn
@Eric-kn4yn 8 ай бұрын
​@@X8ALPHA too many unwanted alien 👽 migrants now
@manolokonosko2868
@manolokonosko2868 8 ай бұрын
Britain will be back to being Albania.
@cyberpsychosis5367
@cyberpsychosis5367 8 ай бұрын
They are planning to destroy Russia but it backfired. 😂
@incurableromantic4006
@incurableromantic4006 8 ай бұрын
I'm guessing you're one of the Indian nationalists who regularly swarms these kinds of videos - but that's not actually how economics works.
@phunk8607
@phunk8607 8 ай бұрын
All of the nurses doctors and teachers trying to immigrate to former colony… Australia. Ironically better pay and living standard 😆
@Zeromarwins
@Zeromarwins 6 ай бұрын
Im still baffeld why the people of UK tought leaving the EU was a good idea like any naive 14 year old school boy could tell that turning against the biggest trading partner wouldnt be a good idea.
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