An Impossible Job or Grounds for Optimism? 

We have been in a per capita depression since 2008. Remove £15 billion deficit spending per month and there is zero gdp growth.

Labour got 1.5% more of the total vote than they did in 2019. Our voting system is broken.

Personally I think business in the UK has pushed down on workers so hard now they have devalued them to nothing. Now the workers are just reflecting that same behaviour back to the companies.

Lack of supply in housing is caused by the broken planning system. The cost of putting a roof over your head has a significant effect on the cost of living. The new government could radically change this if they actually realised the magnitude of the problem. If supply met demand it would be a factor in reducing the cost of living. Land would be available more cheaply, therefore housing would be cheaper to build. More housing would get built and there would be real market competition driving prices down. Planning reform is the key to it.

The UK's tax burden is higher than ever and higher than many countries in Europe that some are quick to labe as "socialist", yet our public services are so much worse and there is so much more poverty. Over 14 years, the Tories have managed to simultaneously massively increase debt, slightly increase the overall tax burden and kneecap public services. The math isn't mathing. Where's the money going? Chumocracy.

About 10 years ago the cost of an acre of agricultural land was about £4, 000 an acre. So a 40 acre plot would cost £160,000. Back then, with planning permission , a farmer near me sold 40 acres for just over £ 7 million. Planning permission is a massive windfall for land owners. Labour should introduce a windfall tax of 60% to 70% on the rise in value due to the issue of planning permissions and use those millions to subsidise building the 1.5 million homes. This would not only be a tax on rich asset holders but avoid Labour running up yet more government debt

It's pretty simple outside of a few niche value add areas such as bio-science and aircraft engines and parts (often reliant on foreign precursor chemicals and metals) the UK isn't competitive in the slightest. And it's services breadwinner of financial tinkering is facing stiff competition from Paris, Frankfurt and Geneva post Brexit. Unless you change the very fundamentals nothing will change.

Problem is we have a real stupid way of spending money in this country. Everything is so much more expensive even whennit doesn't need to be. Eg even the example between the London bridge plans costing more than fully building a 27km tunnel in Norway (a more expensive country than UK) for 1/3 the cost of the UKs plans for a bridge. You need to get rid of wasting money and start spending it moee sensibly.

The massive court wastage on the war on drugs in the court and prison system At the very least cannabis being legalised would be a good thing

Labour has its mandate to govern, but it's far weaker than it looks at first glance. Starmer's own vote in Holborn and St Pancras has pretty much halved since 2019 from 36k to 18k.

I do not agree with you at the slightest that the benefits are the way to lower house cost. Exactly.the opposite in fact - I had this discussion with my landlord myself when he was telling me to apply for benefits, he's gonna put my rent up, and essentially take the taxpayer money for himself So he could have me (non benefit claimant, as im not eligible) in that room paying him 700. Or he could have some benefit claimnant there and get 860 between what tenant and government would be paying. 700

We will be in exactly the same position in 5 years time but with even more national debt.

What a great fun way to start the day, watching this doom and gloom.

Isn’t it incredible Tories were fine with first passed the post until it doesn’t work in their favour. `Now they won’t stop whinging

Definitely hope. There are a few simple but very effective policies that labour would implement but will angers a large but still a minority of the population (mostly the Tory base) this can be replacing council tax with a property tax, matching capital gains tax with income tax, carbon taxes on the largest polluters, and a potential wealth tax on billionaires. These policies can plug the gaps in social care, local government and the justice system. They can also rollback NHS privatisation and nationalise utilities.

Awesome. Brilliant content. Spot on.

Taxes just take money from other areas of the economy so sure we can waste more on the public sector but there will be even less private sector to pay for it.

Would a workers revolution that transferred the ownership of the means of production to the proletariat be helpful?

AI reducing costs yes, but also reducing jobs I would think.

There is a fairly easy solution, we need to reduce housing and necessity bills, once people have more disposable income, the economy will take care of itself.

Ok for more housing but how do we get them not to build this in the dreadful current style

The minimum wage has gone up but inflation and food prices have risen More.

It would be good to see some graphs overlapped with trends and what's been projected and see the growth trend needed to meet the target.

We have to talk to the E.U.At least get trade sorted out because what is happening now is ridiculous.We are not a desert Island in the North Sea and we need our neighbours like they need us.

Their first job, in the new parliament, will be to agree on an inflation-busting pay increase for all MPs.

The UK economy has no growth. We have no world leading companies. We heading way of Italy and Greece.

1.5m over 5 years isn't that much more than the conservatives is it? 5 x 300k , I think we've had 250k new houses this year right? Surely the issue will be how many new immigrants we get in 5 years? 1M, 2M , 3M?

Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of $270,500 every months,God bless Christy Fiore 🇺🇸🇺🇸🇺🇸..

Given the chaos in the US and the lurch to the radical right in France and to a lesser extent, germany the UK is looking pretty good to international investors. That will likely help us.

If you can expect companies to grow and profits to increase (on the backs of people on minimum wages) then yes you can continue to increase the minimum wage. Maybe it could be tied to company performance, like the executives are happy to avoid by with their remuneration....

Building enough houses wouldn't lower prices, how does that work? Personally, if I could get my hands on a decent sized plot at a reasonable price I would build a house in a heartbeat. The rules around planning are so draconian most people and smaller building firms aren't even looking at it any more. We've ended up with a handful of massive businesses building nearly all our houses and being the only ones able to get land.

What about the £30 billions interest being paid yearly to the bankers on their QE reserves? Why is that never mentioned by the Tories or Labour? It is entirely windfall. Other central bankers are not paying out more because of higher interest rates. The whole of the state pension increase was around £8 billion for 24/25. All the "experts" say we cannot afford that.In 25/26 that state pension increase will be around £2 billion. All the "experts" are, of course friends of the City which is doing very,very well,thank you very much out of taxpayers and QE.

Instead of rearmament, the UK government can just stop sticking its nose everywhere in the world.

To buy an average house now costs 7 or more times income compared with 3 times when I was young. So money now spent on buying a house could be saved or spent on something else. QE has a lot to answer for ,as has the resulting ultra low interest rates. We need better Governors of the Bank of England or a better more impartial system who will stand up to the pressures from interested parties to further cut their interests when it is not necessary. The UK economy is too much about the banks and has been for a long time.

From 2000 until 2009 the number of GPs increased by 10,300 thats an 25% increase. 39,098 ->> 49,347 From 2009 til 2018 it went up by about 130 49.437 - 49,569

Let's see some costings and feasibility studies before we declare GB Energy an automatic success. Labour said the it will create 650,000 new high-quality jobs, but this energy is also supposed to be very cheap. This doesn't add up. At the very least, a monumental investment in the electrical grid is required.

Society has to change. The end of the two parent family unit is the root cause of most poverty. What are the stats for single parent families since WW2? I guarantee its been climbing and has never been higher!

Unless they remove economic growth barriers like #ir35 there is now hope for growth. #ir35 only helped Indian IT consulting companies which outsource UK IT jobs to India. Guess what Rishi Sunak's father in law owns the biggest one.

Talk about immigration and the terrible effect it has had on our economy

Deregulation is the only answer that doesn't cost money. Reducing planning restrictions and getting rid of all the ridiculous levies on house building would drastically reduce the cost of a house. Great British energy won't lower bills. Renewables are expensive especially compared to gas (which we have plenty of) and nuclear (which we could build faster if we had the political will) Want more investment and higher productivity? Make it worth investing (fewer restrictions and lower taxes in capital) also restrict the importation of cheap labour. Firms will have to raise wages to hire and invest in technologies to make it economical. Lastly, the benefits bill is insane, the number of stress related reasons for being out of work is ridiculous. By all means top up wages, but unless you are physically incapable you should be finding a job. There are plenty of vacancies. The problem labour face is that the solutions to Britain's problems run counter to all their instincts. In fact the existence of the problems is in large part due to the continuation of the blairite consensus since 2010.

I think if we've learnt anything from this election, no seat is safe & don't take the public vote for granted. If Labour make positive changes they might get a another term after, but if the don't, they'll be out. It will be good to judge the labour party in 5yrs based on what they've done or haven't done. I'm personally very positive about the future in the UK, but only time will tell.

It's looking like the best Labour can do is halt the rot, before the Tories or Reform are brought in to finish the job with their slash and burn policies such as further reductions in direct taxation, especially for the rich, resulting in further defunding of public institutions and infrastructure that has already been cut to the bone, while encouraging further vampiric privatisation to suck away what little resources are left from front line services straight into shareholders profits.

Surely Labour can fix it , after all the Tories were mostly using Labour policies! Surely they know/knew how their own policies work...

I believe things will improve, but it will take Labour two terms, if not three.

Nasal globalist middle manager out.....nasal globalist middle manager in. Yay.

'A Shame Economy is Broken' - what does that headline mean?

Until you introduce mandatory voting you will never get a true reflection of what the eligible voters think - only 66% bothered to vote. If you think mandatory voting wouldn't work, it does 🇦🇺

Would a wealth tax help?

This wasn't a vote for Labour. There are vast swathes of England, such as Manchester and Liverpool, that blindly vote Labour out of protest against the perceived establishment in London via the Tory party. At this point I don't even think they think anything will improve, they just resent the conservative party. The Labour party though have no intention of making things better for people economically. Their entire approach now relates to gaming the system to keep themselves in power through immigration and giving votes to younger people. Their strategy is to stay in government. Their policies will now focus on social issues such as LGBT, feminist issues but more to the point they will keep the borders fully open and will subsidise this to the hilt.

And what of the single market? We must rejoin and make more out of a relationship with our nearest and biggest trading partner if the economy is to grow.

“Anything we can actually do we can afford.” - Keynes

hope that Labour stop caring for shareholders, foreign investors, bankers, all who ask for lower taxes and take their profits and store it in tax havens abroad . Actually start looking at the long term for the people of the UK think CO-OP's and Nationalisation not privatisation.

You voted for Conservatives instead of Reform, you got Labour...

3 words. land value tax

It's strange... We have a whole litany of problems that we face... Very SERIOUS problems! And yet, I've had arguments with numpties on here, who have an issue with my stance that we should NOT be sending even more billions on futile wars abroad... Because over here, people are REALLY suffering! It's like they don't get it! And that the lives of, say, Ukrainians is more important than the lives of Britains. No wonder Farage's party did well in the elections, with that kind of attitude!!!

Labour could save a lot of money end the occupation of the North of Ireland..... except I doubt the North of Ireland will not get a border poll...

as a criminal in prison i hope they let me out 🙏

I wonder who lives in all the council houses? Dum dum dummmmmmm!!!! We all know why

I've been following this channel for quite some time now. except repeating over and over and over some facts in multiple videos, and talks about many and many deadlocks between problems, whats your solution on the situation?

The country is not facing a mountain of problems. The STATE is facing a mountain of problems. Accurate language is important....

Well… GDP doesn’t help much - or rather waged work can’t. Housing, property, finance, debt and other assets have bound up more than “work” can carry. And, a government, a council or a person with decreasing capital ownership don’t “invest” - they all pay invoices with no ownership in return. Growth does happen, but not in the producing part of the economy. It happens in nominals, and those gains circle back into the above assets - not in “investment” outside the FIRE sector. This makes the public sector a very inefficient (poor) capitalist in a capitalist society. The last 40 years of legislation has killed off “trickle down”, as that meant regulations and limits to capital movement. Unemployment is not the worst threat, but ordinary people with no imaginable capital ownership questioning the point of “selling their labour” could be. If the single well functioning sector is the privately owned corporate B2B - how can we expect the public sector or individuals to cope?

The UK has long been mired in stagnation and sluggish economic growth which seriously strains its citizens' disposable income. Labour may not help transform Britain overnight but is at least better than the pro-austerity crooked Tories. The UK insurmountable issues are systemic and could not be ironed out by tinkering on the edges.

Epic regression to the pre-Roman mean realness moment

Confidence will fuel growth now we are out from under the Tory jackboot

Nothing much will change. All politicians are the same.

Reform 2029

Looking forward to hearing labour blame the tories for the next five years, that should keep the voters pacified.

In a world of financial pressure, high divorce rates, separations and no work security, people still think that having large families is their right to have corresponding social security support. Why should people still think in this way.

The Tories' obsession with reducing the size and role of government has backfired spectacularly, leaving them politically irrelevant and facing electoral oblivion. They've essentially engineered their own political demise through their bat shit ideological commitment to a smaller state. Their cuts to public services have created crises in healthcare, education, and social care, turning voters against them. Austerity measures have damaged the economy and increased inequality, destroying their reputation for economic competence. The Tories are facing their worst crisis in modern history. They're not just losing an election; they're losing their relevance as a major political force. Their recovery, if possible, will likely take years.

Maybe Starmzy can get that infamous productivity up by asking nicely 😏

Stealth taxes. Congestion taxes.

labour are expected to fix the problems. Why do the Tories get a free pass and are not expected to tackle the issues.

Having subsided government housing just pushes down pressure on minimum wages , because the gov is subsidising your living cost so you can afford the low wage . If you have all market rents then employers have to pay more otherwise no one will do the job in expensive cities

Now the UK Has Dick Emery as PM god help you or Allah.

Why not change the designation of some agricultural lands everywhere? You chose the most barren spots and demand developers that want the cheap land must include a certain % of the houses destined for cheaper social housing for people the council selects. You tell the farmers they can sell their land if they want for a price between agricultural land and building land. Everybody wins. Or do what France does well, open zones of a certain industry with tax breaks and create a cluster of companies that provide work in zones with enough space and people looking for work. Levelling up should be spreading out economic activity from too crowded south to west and north. And these run down coastal towns? In any country in Western Europe coastal towns are expensive to live. It’s a dream for many to live by the sea. Invest in them, such a waste to let them wither away. If they are gentrified and the sea is cleaner, tourists will return.

Need to stop being so generous with benefits. They should never be above what a minimum worker on a 36 hour week earns. Why? Because if a minimum wage earner has to survive off that amount then those who choose not to work need a reality check into what the real average worker survives on.

When all else fails, they send you to war. (Gerald Celente)

Just a nice salary and pension for the new puppets.

Ed Miliband is going to.desyroy whats left of any industry in the UK. We will never recover

The defense spending stayed the same from 1998 until 2009. Then it dropped Healthcare spending rose only because of covid. In 2024 it was alread back down.

What a disaster

All roads lead you to more money printing - bitcoin fixes this

AI is not inexpensive both to set up or to run

I haven’t bothered to watch this video, the guy is a left wing economist who supports a large interventionist state. He’s wetting his pants at the thought of an even more lefty socialist government than the one just ejected. Good luck Starmer, but as a small business man I’m already giving up, too much ted tape. I suspect many others will follow soon enough.

We need more taxes. So that more money can be sent to Israel by our Prime Ministers selected by them

Not my PM never will be.

We need a better educated and paid workers, and companies must be forced to train local staff instead of bringing people from abroad.

So called renewables are the most expensive form of electricity generation. British power is a huge mistake, unless it focuses on new oil and gas and new nuclear

Country it finished Be ready for low wage average to fall with open boarders More national debt More strain in the economy No businesses to open as the those nhaves will leave .

Isn't it wrong to say that the energy crisis was something the government couldn't prevent? If the UK used green energy, wouldn't we have had much better energy security?

Already giving a whole load of money to ukraine

Monbyotte? 😆😆😆

300,000 houses a year.... Do you have the man-power? If you do, can you deal with the labour costs after all the cheap labour left the country? The blueprints of the left wing have always been bluer than a blue bird, which almost always turned out to be a black bird. If my Engish makes you frown, just consider English is not my first tongue.

Why did the conservatives spend £20bn on reducing nic. This would have been better spent on Primary care in the NHS.

mr pesimist

'its easy to paint a picture of doom and gloom', lol that's all your channel does every video.

5:52 😂 All AI will do is reduce the number of jobs and keep the spending power of the average wage depressed.

IT´S A MISSION IMPOSSIBLE FOR PM STARMER ! HUGE EXPECTATIONS FROM HIS VOTERS TO CHANGE : COST OF LIVING CRISIS; HOMELESSNESS; HOUSING PROBLEM; IMMIGRATION; NHS ... VERY HARD TO ACHIEVE WITH NO MONEY; NO RESOURCES; ECONOMY DOWN !! MAKING EVEN MORE DEBT WILL BRING YOU INTO STATE BANKRUPTCY ! WHAT BRITAIN´S SOCIETY NEEDS IS A STRUCTURAL CHANGE; HAS TO START WITH EDUCATION; AND PROFESSIONAL SKILLS ( FOR BUILDING YOU DEPEND ON SKILLED WORKERS FROM ABROAD ...) THIS WILL TAKE AT LEAST A GENERATION; THERE IS NO QUICK SOLUTION FOR YOUR SITUATION... very long , hard way for you ahead! THE ONLY GOOD THING FOR STRAMER IS : WITH HIS BACKGROUND HE DOESN´T REALISE HIS SITUATION RIGHT NOW ...

AI politicians would save us a fortune

Why don’t you ever mention how legal, illegal migration as well as asylum seekers are the cause of all our economic woes?