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Economy Latest: Interest rates up as Bank of England warns of long recession 

Channel 4 News
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People are already struggling with soaring costs and a tax burden, the highest since World War Two.
(Subscribe: bit.ly/C4_News_Subscribe)
Now the Bank of England is preparing us all for years of economic pain.
Yet today it responded with the biggest interest rates rise for 30 years.
The Bank said it had no choice because it needed to control high inflation.
So how are people preparing?
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2 ноя 2022

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Комментарии : 3,6 тыс.   
@bernardallen55
@bernardallen55 Год назад
Because wealth usually moves during recessions, the more stocks fall, the more I buy. In the meantime, I'm just focusing on increasing my investments and income while recession fears grow. I read about someone who made $$$ in profit in just six months, so there are apparently ways to triple gains in the current market. Which stocks are the best to buy right now or add to a watch-list?
@andresbard
@andresbard Год назад
Find stocks that, in the long run, at least keep up with the market and offer higher yields than the market. For a successful long-term strategy, I recommend consulting with a broker or financial advisor.
@raynoldgrey
@raynoldgrey Год назад
That is correct. For the past 23 months, I've been in daily contact with a financial advisor. The difficult part of investing these days is determining when to sell or hold a company when it is trending. My supervisor can advise me on points of entry and exit in the sectors in which I am now active. I can't say I'm sorry because my profits increased by 63% in the third quarter of 2022.
@pauledwin
@pauledwin Год назад
I'm glad I came across this discussion. Please leave your financial adviser's contact information here. I desperately require one. If she is FINRA-registered, she will be easy to find.
@raynoldgrey
@raynoldgrey Год назад
My adviser is Sharon Lee Casey. You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable.
@pauledwin
@pauledwin Год назад
Thank you for your help. I found her website on the first page of my search, read her resume, and researched her before sending her a message. As a result, I'm hoping she responds soon.
@alexanderfinlay9639
@alexanderfinlay9639 Год назад
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
@stevenbergwin5074
@stevenbergwin5074 Год назад
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
@aigajenkinson2495
@aigajenkinson2495 Год назад
Right, I've been in constant touch with a fiinancial-analyst since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
@alexanderfinlay9639
@alexanderfinlay9639 Год назад
@@aigajenkinson2495 Can you leave the info of your investment advisor here? I’m in dire need for one.
@aigajenkinson2495
@aigajenkinson2495 Год назад
@@alexanderfinlay9639 My advisor is "Corinne Cecilia Heaney" You can easily look her up, she has years of financial market experience.
@FernandoOrtegaJimenez
@FernandoOrtegaJimenez Год назад
I will forever be indebted to you, 😇you've changed my whole life I'll continue to preach about your name for the whole world to know you've save me from a huge financial debt with just little investment, thanks so much Mrs Dailey Carinn Stephanie!
@JackieJohnson.
@JackieJohnson. Год назад
Yeah I'll' like you to know that money is a digital gold - it is harder, stronger, faster and smarter than any money that has preceded it. investing in different stream is the best not to depends on monthly income''
@YildizWarzone
@YildizWarzone Год назад
Bankers and politicians should be held accountable
@user-sk9lh5ng9w
@user-sk9lh5ng9w Год назад
tru
@niblet112
@niblet112 Год назад
@Kostchtchle what you call poor choices I call indoctrination.
@supersonicboy75
@supersonicboy75 Год назад
Top 1% pay 30% of taxes. We are a lazy and unproductive. Generation ‘can’t work, won’t work’.
@JamieHumeCreative
@JamieHumeCreative Год назад
Make big corporations accountable. This is where it all begins.
@ghosthdel3098
@ghosthdel3098 Год назад
@@JamieHumeCreative big corp invest money in the UK so it is the the big corp it is the spineless UK politicians. However you cant arrest the politicians because they have the police in the side to protect them. When my 2 kids grow up i will tell them to get into the police force - There is always jobs around and they areabove the law because they have their own police to police them. It's like asking your fat friend to make you go to the gym to get fit.
@brianquinn6014
@brianquinn6014 Год назад
12 years of Tory rule, yet it’s everybody’s else’s fault.
@susanbrown2909
@susanbrown2909 Год назад
And labour would be worse..so they keep saying,like a stuck record.pmsl.
@stevenhenry5267
@stevenhenry5267 Год назад
False
@TheCrypticRouge
@TheCrypticRouge Год назад
Well it’s certainly not helped by a global pandemic and war, the global markets aren’t looking great currently and everything is correlated.
@albertomatambo9441
@albertomatambo9441 Год назад
Lockdown bill is due. Even though I wasn't on furlough. 😭
@djokovic1747
@djokovic1747 Год назад
Think of all the lives saved! Worth every penny!!
@user-ct8my8rv9c
@user-ct8my8rv9c Год назад
Don't worry you have a leader who is worth 750 million in charge, he knows what its like to struggle with heating bills and food
@johnjephcote7636
@johnjephcote7636 Год назад
His worth could pay off a large part of the country's debt.
@NathanCroucher
@NathanCroucher Год назад
@@johnjephcote7636 a drop in an ocean
@stipebalenovic6497
@stipebalenovic6497 Год назад
@@johnjephcote7636 I see why Brits have problems with money currently. Addition and subtraction is hard for some, I guess
@garygraham8373
@garygraham8373 Год назад
rishi is britain's oligarch, ye reap what ye sow
@stusmaug629
@stusmaug629 Год назад
Lol, all we can do is beg and be jealous. How about shutting the borders and showing a middle finger to the freeloaders who are raking billions
@tateoften
@tateoften Год назад
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
@jenniferpowell23
@jenniferpowell23 Год назад
I always found the idea of using spreadsheets very time consuming and unnecessary. I just dump a bunch of money into my savings accounts each month and keep my spending money in a separate account and try to spend as little as possible.
@tateoften
@tateoften Год назад
@@jenniferpowell23 I don’t have a full time job, I’m just self-employed with various income streams and regardless of how much I make each month I stick to the same budget and live below my means
@ryandaley655
@ryandaley655 Год назад
@shane heried Once I had $500k I could quit my job and become a full time investor
@dominicus9891
@dominicus9891 Год назад
When 3rd world countries suffer economic problems, it’s always their own fault, when one of the worlds richest economies suffers economic problems, “it’s out of their hands”.
@billgibbard9449
@billgibbard9449 Год назад
Nice!
@sushantrajput6920
@sushantrajput6920 Год назад
True! They fucked up now!
@crystllclr3743
@crystllclr3743 Год назад
dude that is exactly how it is.
@rww805
@rww805 Год назад
Show me a 3rd world country without a corrupt government and we might be able to take your comment seriously
@pandoorapirat8644
@pandoorapirat8644 Год назад
@@rww805 Show me a 1st or 2nd world country without corrupt goverment....
@logik100.0
@logik100.0 Год назад
12 years of Conservative incompetence.
@nickyd922
@nickyd922 Год назад
Don't forget about Farage destroying the lives of hundreds of thousands
@Top10sKpopMVs
@Top10sKpopMVs Год назад
Englishmen/Englishwomen lack self-awareness. The day the UK hits rock-bottom, they'll find a lame excuse to vote Tory.
@akosiamarillo
@akosiamarillo Год назад
@@Blackmamba12345 - Project Fear!
@akosiamarillo
@akosiamarillo Год назад
@@Blackmamba12345 - lol you did not get it 😂🤣
@idontwanttopickone
@idontwanttopickone Год назад
@@nickyd922 I'm sure he's Putin's mouthpiece. All he does now is regurgitate everything that the Kremlin says. When Putin was blaming the EU and NATO for Russian troops invading Ukraine, so was Farage. MI6 might want to tap his phone, as the UK leaving the EU helps Putin no end.
@billybrannon6394
@billybrannon6394 Год назад
Investing is too "risky" so better save your money. while in reality it is in fact a necessary act to fight against inflation. it was an enlightening moment for me when i learned how money really works. Now I only wish I had started in my twenties and had more time to take full advantage of the bulls and bears. Now I own 3 rental properties, started my own business and my net worth has increased by $500,000
@KingDavid-jj7tk
@KingDavid-jj7tk Год назад
The markets are a trap for the avaricious. Don’t believe me, then let me know how it feels to loose it all, just before jump out the 20th story window! Did you ever hear of 1929, this is going to be worse. The banks will fail first, followed by the markets, then the housing markets.
@carter3294
@carter3294 Год назад
@Bobby Blue I agree. The uncertainties that come with this current market are yet another reason why my daily investment decisions are guided by an investment advisor named NATALIE PAIGE HARWELL, as their entire skill set is built around being long and short at the same time, using to both a profit-driven strategy and removing risk as a hedge against the inevitable downtrends. Brought in over $1.5 million in ROI, since using an investment advisor for about 2 years.
@stevensmiddlemass2072
@stevensmiddlemass2072 Год назад
@@carter3294 I know I've wanted to start investing for a few mnths, but I just haven't had the courage to start because the market has been down for most of this year. Please how can I count with such skills?
@carter3294
@carter3294 Год назад
@@stevensmiddlemass2072 You can take a look at her full name on the internet. She is renowned so it shouldn't be difficult to find her
@empty-ed
@empty-ed Год назад
Give some to charity then
@michaelden
@michaelden Год назад
Why are we not raising a windfall tax on the profiteering energy firms?!
@googlecontrolled
@googlecontrolled Год назад
Don't forget we pay vat on all that money to the government as well. Surely its better that we don't pay massive bills in the first place and then vat too.
@kristoffscuba5466
@kristoffscuba5466 Год назад
Because they are global companies and they’ll restructure themselves so their profit centres are offshore, in countries with lower taxation.
@grahamherbert3612
@grahamherbert3612 Год назад
Impossible to implement due to offshore taxation chicanery. Oh yes! We've been completely fucked over.
@whosurdaddy1975
@whosurdaddy1975 Год назад
Because that will make them increase energy price more?
@Henderson94
@Henderson94 Год назад
Pros and cons of nationalising? I am no expert on this at all, so will be good to learn
@Abcflc
@Abcflc Год назад
There are obviously external factors to this, but the incompetence to navigate these tough times has made it way worse.
@ridwanomar5351
@ridwanomar5351 Год назад
Always blame external factors, your government need to take more responsibility.
@edwardbrady5843
@edwardbrady5843 Год назад
Brexit.
@imastaycool
@imastaycool Год назад
BREXSHIT!!!!!!!!!
@scapingby
@scapingby Год назад
@@ridwanomar5351 a pandemic... war on the continent? does these not factor in at all for you?
@araara4746
@araara4746 Год назад
With the fact that the UK does not even dare to say that inflation in its country is due to the US raising interest rates, it really shows the double standards and hypocrisy of the British nation.
@williamskohler8337
@williamskohler8337 Год назад
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
@sheliaswelttk2535
@sheliaswelttk2535 Год назад
in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor
@davidnewbury1721
@davidnewbury1721 Год назад
@@sheliaswelttk2535 ,I agree, having a portfolio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having inveesting nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.>
@davidnewbury1721
@davidnewbury1721 Год назад
@@dingyraskal34 Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like " Amy Priscilla Raskin, who can help shape up your portfolio.
@gabriellewilson5625
@gabriellewilson5625 Год назад
@@davidnewbury1721 I just looked up this person out of curiosity, and surprisingly she seems really proficient. I thought this was just some overrated BS, I appreciate this.
@ericxander7842
@ericxander7842 Год назад
With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits
@Morpheusarrow
@Morpheusarrow Год назад
Get a job
@user-Aa310
@user-Aa310 Год назад
3 words: diversify & index funds.
@Peter-gy4zf
@Peter-gy4zf Год назад
@@user-Aa310 And is a word, so that's 4 words, genius.
@user-Aa310
@user-Aa310 Год назад
@@Peter-gy4zf I think you're intelligent enough to get my point.
@user-Aa310
@user-Aa310 Год назад
@@Peter-gy4zf And, sorry &, how do you know I'm not a genius? Maybe, maybe not. Let's just address the subject matter. No need for personal attacks.
@mikebrooke9954
@mikebrooke9954 Год назад
Too many very very rich people and millions of unnecessarily poor people. There is no trickle down wealth that will ever get to the poorest because the rich will take even more and the poor will get next to nothing and barely be able to survive, ..many won't survive.
@inconvenientfacts6452
@inconvenientfacts6452 Год назад
When was the utopian time that every one was equal and accumulating wealth was forbidden?
@pansepot1490
@pansepot1490 Год назад
I didn’t see anyone actually protesting against the king being exempted from succession taxes. Serf mentality won’t help to change the system.
@smellslikethinice1107
@smellslikethinice1107 Год назад
That's how capitalism works...a race to the bottom, with a few winners left standing.
@billgibbard9449
@billgibbard9449 Год назад
But that's okay. The poor exist to serve the rich, and if millions of poor die, so what? There are always more where they came from -- and they breed like flies. So what's the problem 😕?
@billgibbard9449
@billgibbard9449 Год назад
@@pansepot1490 Have you thought about opening an import business focusing on guiottines?
@tobyscustoms4813
@tobyscustoms4813 Год назад
How about you tax the super rich then
@pattymatty36
@pattymatty36 Год назад
They do😂😂😂😂
@kstxevolution9642
@kstxevolution9642 Год назад
@@pattymatty36 what's a non dom?
@mlguy8376
@mlguy8376 Год назад
That will not be the same as taxing us plebs - I pay 45% tax rate, and they will squeeze the majority of the people more. But we have to do it unfortunately - the bone idle take more from the system
@SatisFictionary
@SatisFictionary Год назад
They do.. BUT... If I have 10,000,000 I only get taxed if I buy myself things with it or pay myself a salary. So, instead of taking a wage or buying a house and paying TAX, they just take out loans and pay them off immediately, NO TAX TO PAY.
@SatisFictionary
@SatisFictionary Год назад
@@mlguy8376 SPOILER: It's not the bone idle. That's Government bullshit to drive hate and division. Simple fact is, over 60% of benefit payments are PENSION. Besides, who is bankrupting the country, is it people on £318 per month Universal Credit, or MP's on £80,000 a year with £250,000 expenses and inside deals moving millions in tax payers money into private businesses owned by MP's and their wives / husbands???????
@selenajack2036
@selenajack2036 Год назад
We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?
@bsetdays6784
@bsetdays6784 Год назад
The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive analysis, it's quite impossible not to outperform. Netted over $550k in return on investment, since using a coach for about 2years.
@cuddyb9631
@cuddyb9631 Год назад
@@bsetdays6784 Do yo mind if I ask you recommend this particular coach you use their service? I have trouble knowing when to buy or sell.
@bsetdays6784
@bsetdays6784 Год назад
@@cuddyb9631 Sure, the investment-advisor that guides me is Lucy Holden Coyle , she popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@kaylawood9053
@kaylawood9053 Год назад
Just copied and pasted Lucy’s name on my browser and her website popped up immediately, thank you for saving me hours of researching.
@TheGlobalfrog12
@TheGlobalfrog12 Год назад
The interest rate issues stem all the way back to 2008 when bailing out the catastrophic actions of the banks, kept the rates at ludicrously low levels for far too long ... and now it's time to pay the piper ...Sadly, its the lowest on the tree that will feel the brunt of it, as always ...
@thecfbutcher1174
@thecfbutcher1174 Год назад
Why is it the most intelligent comments have the fewest likes? I suspect it’s because they don’t want to acknowledge that they themselves were either complicit (supported lockdown) or beneficiaries of sustained low interest rates (property owners)
@Snowcat-rg7bz
@Snowcat-rg7bz Год назад
What cause’s inflation? Milton Friedman in 30 seconds." Maybe it has something to do with the billions that Democrats printed for the Covid Relief Program and my my favorite oxymoron - The Inflation Reduction Act. The current administration caused this.
@Human44317
@Human44317 Год назад
@@thecfbutcher1174 Absolutely.
@HandleGF
@HandleGF Год назад
"Brits are about to relive their Victorian past." - the Ghost of Dickens
@inesdamonteines3985
@inesdamonteines3985 Год назад
The back to the Empire never meant everyone will become a lord, even against their deepest dreams. Servants minds can't socially climb up.
@riyadougla539
@riyadougla539 Год назад
Just as Jacob-Rees Mogg wanted.
@alanwann9318
@alanwann9318 Год назад
I believe this is what's planned reducing us to serfdom for ever ,2 classes
@karlvoigt5194
@karlvoigt5194 Год назад
@@riyadougla539 Oh, Rees-Mogg would be delighted for sure. Just like in the good old times, with child-labour, cholera and people lying in the streets. I'm sure, in his dreams he even hands out some pennies to the poor out of the window of his carriage.
@darrena7695
@darrena7695 Год назад
the soft touch of thieves more like!
@adamrugen1850
@adamrugen1850 Год назад
Andrew Bailey is on £500k a year; he's not worried about a thing 😂
@scottandrewhorne4655
@scottandrewhorne4655 Год назад
Disgusting
@kristoffscuba5466
@kristoffscuba5466 Год назад
He also wasn’t worried whilst pensioners were getting defrauded by hooky investment bonds whilst he was head of the FCA.
@healthiswealth6797
@healthiswealth6797 Год назад
His bonuses will be millions every year
@scottandrewhorne4655
@scottandrewhorne4655 Год назад
@@kristoffscuba5466 they are all at it robbing of us the poor and ruining our Earthly life times.
@scottandrewhorne4655
@scottandrewhorne4655 Год назад
@@healthiswealth6797 oh of course but I bet with his tremendous self worth he will help some of us who are struggeling. Oh no that is right what with his huge ego and ego is controlled by the devil he wont be helping any of us struggeling will he. Nothing like that will ever be happening from these souless people.. It is pure evil what these fallen souless Brothers and fallen souless Sisters have done to Gods Earthly World his Earthly Realm and the misery these souless have INFLICTED upon us the Good Human Beings walking this Earthly World this Earthly Realm is absoulutly satanic.
@sebyseb
@sebyseb Год назад
I really feel for Agatha, and wish her the best 🙏 And I'd also point out the reverse of the coin applies too. As a young professional myself, I could afford her mortgage, but can only dream of a flat like hers.... No bank would loan me anything close to the amount for those kind of conditions. House prices have priced me out for God knows how long. They need a big correction.
@marviwilson1853
@marviwilson1853 Год назад
It's her own fault, she bought a flat not looking at historical interest rates and realizing that the ridiculously low interest rates she no doubt based her loan on would inevitably have to rise. She is winging about 3% and yet 3% is normal even still historically low. They are heading to a more realistic 6%. Her loan might have been for 20 years or more. Is she really so naive? Single mother again!!! ain't going to help these days when two incomes are usually required to run a house. UK house prices so high given the British peoples fascination with the value of their house and status.
@jacintacesp
@jacintacesp Год назад
@@marviwilson1853 easy to judge. Interest rates have been rock bottom for over a decade. We have no idea what her personal circumstances are that made her be a single mother. She is a single woman trying her best to pay her way and raise her child, why such criticism?
@marviwilson1853
@marviwilson1853 Год назад
@@jacintacesp Because it is due. We have to be brutally honest and understand that people buy beyond their means in order to achieve perceived status in order to boastfully show off their possessions. This woman is struggling at 3% and yet interest rate are heading back to 6% as they were bound to do. Why is she so surprised? Surely she took this into account when agreeing a loan. Not sure why she is so upset. She can sell her home and buy another at a price that she can realistically afford. Problem solved - or will the new photo's not look so good on her Facebook account!
@roshansampang
@roshansampang Год назад
Great interview as always. Thank you 🙏
@susanwhitley812
@susanwhitley812 Год назад
People have to balance their money and tighten their belts, but whilst people's money goes down, Ministers money goes up. No cuts for politicians or bankers, it is always the public that suffer, and it is always the same old story. 12 years of austerity - whilst billions of pounds are pumped out of the economy to advance other countries and bring ours to financial ruin.
@James-mb3je
@James-mb3je Год назад
You're wrong about money being "pumped out" that's propaganda to get you to hate groups that don't affect you. The money was handed to the already rich, that's the point of the tories.
@jjbiggmann5576
@jjbiggmann5576 Год назад
WHICH COUNTRY...GOT THE 37 BILLION...PUMPED OUT TO FUND, TEST AND TRACE....IN ENGLAND..???
@zxbzxbzxb1
@zxbzxbzxb1 Год назад
Well at least the Government is making savings too like using RAF helicopters to travel 20 miles instead of driving 🥴
@alanwann9318
@alanwann9318 Год назад
It's the rich that gets the pleasure, it's the poor that gets the blame.This is all going to plan isnt it.
@Red-Red-Red-Red
@Red-Red-Red-Red Год назад
the British people always have an excuse. get an education and become high earners.
@Shafiqulislam786
@Shafiqulislam786 Год назад
We’re in this problem because all the top jobs are given to people who are unqualified and unfit to carry out their duties.
@rrickarr
@rrickarr Год назад
...and because the people voted Boris in with a very comfortable majority and spit on Jeremy Corbyn when he was the only leader capable of discussing policy with facts and figures!
@infjintegrityvsnarcissism7295
Old Boys Club
@deluxecapprian983
@deluxecapprian983 Год назад
So many jobs are in London and no people to hire.Stop your propaganda.
@theAEDan
@theAEDan Год назад
Perfectly qualified. Your mistake is thinking the economy is designed to work for you. It’s working just as intended, siphoning all the wealth to the top and having you foot the bills.
@t.dmytryshyn2615
@t.dmytryshyn2615 Год назад
@@theAEDan You have to be joking, Boris and Liz Truss and the rest of the Conservative Party are totally incompetent. Brexit is certainly part of the reason why other economies are recovering from the Pandemic and the UK instead is going backwards. The people of the UK were lied to about Brexit and now companies are leaving the UK because they can't afford the tariffs to get their products into the European Union. Fishermen, farmers and other people who voted for Brexit are now finding out it was all lies and they were taken in by a Confidence Man called Boris Johnson. The Conservative Party is going to be obliviated in the next election and they'll be lucky to regain power in a decade.
@SlayerEddyTV
@SlayerEddyTV Год назад
What Jeremy Hunt said is simply wrong, a governments budget isn't the same as a household budget. Austerity cuts is a political choice and nothing more, our public services are struggling as it is.
@iainl9725
@iainl9725 Год назад
"A national budget is like a personal budget only if you have thirty international bankers on speed dial who have a vested interest in your personal budget, and are willing to bend over backwards to help you succeed." -Paul Krugman
@MightyUnderdog
@MightyUnderdog Год назад
And who voted for this?
@indefatigable8193
@indefatigable8193 Год назад
So agree. The city of London is not the British people x
@spana123321
@spana123321 Год назад
I like to call him Micheal, Mike Hunt has anyone seen Mike Hunt?
@geomac650
@geomac650 Год назад
Agreed
@llnny863
@llnny863 Год назад
Those calling for the government to help with their mortgages are being ridiculous. If you can’t afford interest rate rises then you shouldn’t have been approved for the mortgage in the first place
@whiskysam2036
@whiskysam2036 Год назад
Thats what happens when the working class buy a house at 3 hundred thousand etc no on helped the people in the past if they can't afford them sell them why should the rest of us pay for them or take in the Ukraines that will pay for it simples 🏴󠁧󠁢󠁳󠁣󠁴󠁿🇬🇧🤣🤪
@jdu2613
@jdu2613 Год назад
Tories should pay for the damage they have caused. Why no one holds them accountabble?
@billgibbard9449
@billgibbard9449 Год назад
The Tories hold the Tories to account? What a comedian you are 🤣? They voted in Truss, cost the Bank of England hundreds of billions of pounds, did trillions of pounds damage to the economy, and passed those costs onto taxpayers. You are screwed.
@nicholasboughton2498
@nicholasboughton2498 Год назад
This is caused by debt and money printing. Started by Labour and continued by the Tories. We are hopelessly poorly managed as a country
@Zenovarse
@Zenovarse Год назад
Because ultimately, we are responsible. If they cause problem and demonstrates an incapability to fix the problem, then it is us, members of the public, that has the responsibility and capability to fix the problem. We have both more vested interest in fixing the situation and more soft power than the central government to fix this problem (but less immediately actionable powers requiring expertise). If it gets out of hand, this whole situation, then it gets in to the hands of no one else but people like you and me.
@Zenovarse
@Zenovarse Год назад
Everyone knows, even if the current governing party pay all of their money to the public as compensation, the situation will not automatically become fixed. If they are incumbent, then the public hopes that there is a slimmer of hope that they will sort themselves out. If they cannot do it in a reasonable timeframe before a certain deadline, only then the public is able to intervene.
@theironshiek
@theironshiek Год назад
Because we are a bunch of surfs who moan about it on the Internet and to friends and family but never actually do anything about it and they know that
@haritc8462
@haritc8462 Год назад
Everything is going up... Except wages.
@positivevibesrfc
@positivevibesrfc Год назад
They need to pay people better, every job is vital to someone and it costs people their time. They should be fairly paid. The UK cost of living is a rip off. We all need to unite and stop putting up with it.
@4p4k
@4p4k Год назад
I got into a 2 year fixed rent agreement a couple months ago. Was thinking of taking out a loan and buying a house but didn’t go through with it. Bullet dodged.
@Danzo1212
@Danzo1212 Год назад
buy in 2024-25
@leonhenry4861
@leonhenry4861 Год назад
Ha ha ha ha , mr expert over here.
@Lesley_Snipes
@Lesley_Snipes Год назад
bullet dodged? you will spend tens of thousands in rent you won't get back
@thedualtransition6070
@thedualtransition6070 Год назад
@@Lesley_Snipes Less than he will pay in interest + property taxes + house insurance plus the capital loss on the house plus real estate and lawyer fees when he sells. We have been in a falling rate environment for 30 years, it has now ended. That is not good longer term for house prices.
@Lesley_Snipes
@Lesley_Snipes Год назад
@@thedualtransition6070 if you rent you GUARANTEE you will lose money. if you buy the right house at the right time and don't chose to sell or remortgage when the market dips then you will be better off. House prices will not continue to fall in value over 3+ years, the market rises then falls then rises even higher than before.
@wublix
@wublix Год назад
Thank god those poor banks have a business model of lending money over 30+ years and can increase profits no matter the economic environment 🙏
@darrena7695
@darrena7695 Год назад
lend our money and not pay us!
@sko1beer
@sko1beer Год назад
holding shares in banks have been better than holding apple or amazon lately🤞
@arizonawut
@arizonawut Год назад
If you can't beat 'em, join 'em.
@The_Savage_Wombat
@The_Savage_Wombat Год назад
It's nice to have control of the money supply. Increasing interest rates should get the bankers some big bonus money.
@wublix
@wublix Год назад
@@DJWeiWei except the money they lend is literally created out of thin air and at no cost to them, whereas people have to work jobs and pay back the money through the debt system, nice try tho
@user-zd9dt7fg3f
@user-zd9dt7fg3f Год назад
Let's take a moment to thank all the Tory voters👏👏👏👏
@rorylyons1091
@rorylyons1091 Год назад
If we started today and paid them thanks for the rest of our Lives' it still wouldn't be enough gratitude to show those wonderful wonderful people. But hey, wait, they're going to be okay so F**k the rest of us scum.
@rorylyons1091
@rorylyons1091 Год назад
@@TORY-BLUE Yes I expect you are.
@THEeGBuddy
@THEeGBuddy Год назад
@@TORY-BLUE he says, from his mums second bedroom
@latchmere100
@latchmere100 Год назад
Nothing makes me happier than the whinging left wing hypocrites.
@James-mb3je
@James-mb3je Год назад
@@TORY-BLUE proud of all the unnecessary deaths and suffering or just glad to see your isas finally accrue some interest and the country at large be damned? I imagine you also consider yourself patriotic, this close to remembrance day, imagine if your predecessors were so selfish putting their own interests above country. Likley you'd be happy speaking German.
@TheSbh2010
@TheSbh2010 Год назад
Because of low interest rate in the past few years … all houses in the uk are over priced.
@MartinTeerly
@MartinTeerly Год назад
Beautiful. I can't wait for this to arrive 👌🏻
@smellslikethinice1107
@smellslikethinice1107 Год назад
Create a crisis out of thin air, use the same people to solve the crisis...a wealth transfer= rich getting really richer, and the poor paying for it. Nothing has changed when you think about it, but the worlds opinions of us.
@blitz8702
@blitz8702 Год назад
that can explain why ex banker is new prime minister lol
@pattieboyd2832
@pattieboyd2832 Год назад
I'm English and think anti EU Tories are the same as Thatcher, when she didn't like the EU preventing Tories mistreating British people, because of the EU saying workers should have enough breaks and genetically modified ingredients should be labelled on food. Then the secret service whistle blower David Shayler told how Thatcher was going along with the USA using British money to fund Al Qaeda in Libya against Gaddafi. A country people didn't pay household bills, while more old British people were dying of the cold than before Tories stole and sold off public owned energy. It wasn't until later that Labour introduced cold weather payments to help stop old people dying. We're still being harmed by the extremists who trained in Libya after Gaddafi was killed. It might not seem a nice idea for the UK to split up, but England is run by the international bankers who need our economy to stay closely linked with USA banks, encouraging everybody to live in greed and debt. It has become worse since the 1980s, when Tories did the opposite of Germany by treating workers like dirt, making millions of people unemployed and left us an economy based on little else but encouraging everybody to live in debt, for our economy to crash by the early 90s when many couldn't pay back the debts, and crashes every few years since after the USA. Then Tories use the crashes as an excuse to make anybody suffer not any use at being a slave for the upper classes, bankers and Tory tax dodging donors. Don't expect our media to point out the truth, trying to get idiots to be all nationalist over fishing, while we have the biggest differences between rich and poor and worst pensions in north Europe. What media has bothered to remind our people that our own government funded Islamic extremists in Libya, after our own people were shot in Tunisia and blown up in Manchester by extremists who trained in Libya after Gaddafi?? England is full of Sun reading idiots who call others lefties as an insult, while they expect everybody else to pay for their children and cheer on the NHS, not realising the NHS is a lefty idea. Because they heard some Americans online using the tern to insult multiculturalism, when the USA and other capitalist countries promote multiculturalism more than any lefty country. People suddenly care what the EU thinks after voting to leave, now the international bankers can use Russia as an excuse to start WWIII. Forgetting Ireland had to spend many years fighting to leave the UK, and many in N Ireland still want to leave. How asleep do you have to be to keep voting in governments that cause university students to be £50,000 in debt, while it's free in Scotland? If the UK all split up, the international bankers/war machine wouldn't see us as any use at being a USA lapdog, and might go away to the USA, and English people will see how Scottish politicians look after their people like the rest of north Europe and Scandinavia, and then want to be the same. That's if it isn't too late and English people aren't dumbed down beyond help.
@michaelcoward1902
@michaelcoward1902 Год назад
Not true! The Romans suffered recessions before they even had a word for it. When Emperors would dilute the purity of coins, the value of those coins would drop, even though there were no centralised banks, or even local banks...even the most basic forms of banking wouldn't really exist until a thousand years later during the crusades. Yet recessions always happened when rulers messed with the mint or a disaster ravaged the country. Your comment is essentially an argument from ignorance...Just because you don't understand something, that doesn't mean it isn't real.
@smellslikethinice1107
@smellslikethinice1107 Год назад
@@michaelcoward1902 you want to Go back to Roman times. Let's at least stay within the century. Churchill did not want the NHS, safety benefits blanket or social housing. Churchill wanted " austerity" saying the "people are used to rations, keep them on rations" . Tory, Tory Tory fleecing the people.
@jberto8878
@jberto8878 Год назад
Should not be a surprise, it has been on purpose. Spending huge amounts, unnecesarily in many cases, with the excuse of the pandemic, while production lowered drastically and printing enormous amounts of cash, was the best recipe for uncontrolled inflation, but the fastest way to impoverish ordinary people and make possible the transfer of wealth from the families and little business to the government, politicians, big corpotations and the super rich. That can not, and has not, been casual. The WEF is behind it like is behind Sunak and the removing of Truss, it is part of a plan
@vvolfbelorven7084
@vvolfbelorven7084 Год назад
Sure, and risk political and societal upheaval. People in power dont have as much power to control these things as you think they do There was mismanagement through incompetence, but it wasn’t planned. You’re looking for someone to blame
@Niemand1947
@Niemand1947 Год назад
J Berto - You're dead right!
@Niemand1947
@Niemand1947 Год назад
@@vvolfbelorven7084 He's very correctly identified who's to blame!
@jmills1549
@jmills1549 Год назад
Not surprised, an eye watering council tax bill an eye watering diesel bill an eye watering leccy /gas bill.... Could go on but you get the picture we are screwed by top end.... But at least we have candles and porridge... So good times..??????
@lorrainemcasey6964
@lorrainemcasey6964 Год назад
I am a single superannuitant in NZ and have cut back spending dramatically..no takeaways, eating out, clothing..living a very basic /frugal life. Food, & rates for home owners have gone up dramatically. The future is financially unknown. Investments going down. I can make it through the next 2 years on my superannuation as long as I buy nothing but necessities.
@bellaraio5783
@bellaraio5783 Год назад
Sunak’s own wife doesn’t pay UK taxes! How on earth are the British OK with this?
@deborahwyndham-lewis5188
@deborahwyndham-lewis5188 Год назад
There’s no obligation to pay any tax according to the government’s own legislation 🤣👍
@SaxonFaust
@SaxonFaust Год назад
The income wasn’t earned in Britain. She has no obligation to offer you racists a slice of her foreign money.
@jirachi-wishmaker9242
@jirachi-wishmaker9242 Год назад
Yeah his wife's company is in India , should pay taxes in UK.
@geezeweezebabypls
@geezeweezebabypls Год назад
Not earning any money in the UK and not bringing any money to the UK, if the tax is payed in the home country, why pay again?
@martynsmith8120
@martynsmith8120 Год назад
If she lives in the uk she should pay tax in the uk. Bailiffs should go round and make her pay up.
@user-dg6bl2ry2y
@user-dg6bl2ry2y Год назад
2008 crash followed by 10 years austerity and now warnings of another recession. And today i saw a clip of a landlord saying the reason people can't afford rent is because they buy too many costa Coffee's.
@shush97
@shush97 Год назад
Well Costa coffee is an absolute rip off
@martynsmith8120
@martynsmith8120 Год назад
Second home ownership should be banned. Greedy landlords are the problem.
@shush97
@shush97 Год назад
@@martynsmith8120 how are they the problem? I'm literally saving up for my second home
@michaelcoward1902
@michaelcoward1902 Год назад
@@shush97 You're the reason prices are so high. I gave up on trying to buy my first house because I just can't outbid greedy people like you.
@shaneoshea6216
@shaneoshea6216 Год назад
@@shush97 Because it's not needed. As he said. Greed. Home ownership should only be limited to 1 home. Being a landlord shouldn't be a job. It's disgusting & those kind of people are just leeching off of society. They give nothing, only take.
@Greebstreebling
@Greebstreebling Год назад
We're now told that 'The state can't solve all your problems'. So from a personal perspective, I completely agree. Many people including myself have problems which could not be solved by state intervention. However, what I would like, is for the state to solve the problems it has landed us with. That's not to much to ask is it? But instead we're fed all the nonsense excuses about 'global problems'. After 12 years of the same kind of numpty government, ordinary people are dumped in a ditch. Thanks for the leadership guys.
@ttran1168
@ttran1168 Год назад
They’re are spoiled dimple 🎉 We are overwhelmed by unwanted grace ❤
@metaspectivate
@metaspectivate Год назад
Ideas that the govt could look into (but don't seem to mention): wealth tax (with lower thresholds to protect "average" people), tax on payments out of the UK (specifically targets "offshoring" type tax avoidance). The biggest problem is that the govt are "selling" only one option, and not putting ALL the options up for debate in Parliament.
@smoozerish
@smoozerish Год назад
Well the turkeys did vote for xmas......
@mrreveals9748
@mrreveals9748 Год назад
Spot on, still they are defending them. Ba….rds
@positivevibesrfc
@positivevibesrfc Год назад
Yep absolute morons
@jockwilson221
@jockwilson221 Год назад
BP and shell etc are not in recession record profits
@billgibbard9449
@billgibbard9449 Год назад
They don't count. They are a monopoly in disguise 🥸: they are an oligopoly. The set the price of gas and either you pay or you do without. Don't you serfs get it. They own you.
@jasperknight5781
@jasperknight5781 Год назад
Exactly, we are in the middle of an energy crisis. Just wait until China comes back online and you factor in a fall in Russian production. Also the Strategic Petroleum Reserve is being drawn down pre midterm elections. All of that comes to around 4 million barrels per day of demand. So, if we don't see demand being crushed through a recession just think where oil prices are going to be. And oil at $90 / barrel isn't that high (especially once you take into account inflation) considering that it reached $140 in 2008 and hovered around $120 in 2013
@Justin-jh4ym
@Justin-jh4ym Год назад
The gov says BP and Shell will move their business if they get tax them too much
@user-ci7vu7eo9w
@user-ci7vu7eo9w Год назад
@@Justin-jh4ym bring them under state control
@maccybear8093
@maccybear8093 Год назад
There is nowhere better on earth than the RU-vid comments section for financial advice.
@Freerider1502
@Freerider1502 Год назад
It is not just in Britain, economy is in difficulty world over. Italians and other Europe nations are having it much worse. But UK has to tighten it's purse. There are many loopholes being abused, but human rights groups don't allow us to stop this and serve justice.
@amandahunter4034
@amandahunter4034 Год назад
The bizarre thing is how everyone talks about "the markets" as if they are an uncontrollable monster that operates on its own - some sort of outside force. But, that's not true. The markets are just concepts - the result of decisions made by people and those people, like the governor of the Bank of England, can change their choices and end our struggles This was clearly shown during the pandemic and lockdowns when the government and banks made instant decisions that housed all homeless people, gave everyone a 3 month mortgage break, halted all rental evictions, made it possible to work/study from home etc. It's all easy to do, but the people with the power to make those decisions just don't want to do it.
@billgibbard9449
@billgibbard9449 Год назад
You don't get something for nothing. The bills for all those years of benefits are coming due. No one is going to keep giving Britain more when Britain owes so much to so many. The British government is losing credibility and credit fast! Why don't you give 10 or 20 trillion pounds to support your economic ideas? No one else will.
@pritapp788
@pritapp788 Год назад
"This was clearly shown during the pandemic and lockdowns when the government and banks made instant decisions that housed all homeless people, gave everyone a 3 month mortgage break, halted all rental evictions, made it possible to work/study from home etc" Clear and easy solutions that pile up more debut for future generations so that those who have already had it good can enjoy life even further. Yeah, sure need more solutions like these ones...
@riffin632
@riffin632 Год назад
While they’re at it why don’t they just print £10k in cash and just hand it to people to help with bills? Government has the power to do this but added government spending will increase inflation even more.
@oooollllmmmm0987
@oooollllmmmm0987 Год назад
Is it cross your mind how they did it? They just plug in old fashion money printing machine with no cover in actual value. This is why the inflation now is out of control.
@PeterXiao1
@PeterXiao1 Год назад
Markets are becoming uncontrollable, especially UK ones. Through finacialization, markets are no longer just buyers and sellers. They are all sorts of risk management tools, derivatives based on obligations, interest rate, exchange rate, debt rate, employment rate, etc. It's a hot mess.
@grahamturner1290
@grahamturner1290 Год назад
"The Party Of Fiscal Responsibility."
@Fionnlagh66
@Fionnlagh66 Год назад
More like, The Party of F**k All Responsibility!
@grahamturner1290
@grahamturner1290 Год назад
@@Fionnlagh66 too true. 😏
@billgibbard9449
@billgibbard9449 Год назад
Give credit where credit is due. "The Party of Fiscal Responsibility" is good at partying 🥳 and it is great at passing those partying costs on to taxpayers. That is fiscal responsibility from their point of view. If necessary, they could keep partying and passing the costs on to others forever. Never owing anything to anyone is fiscal responsibility. Just don't let the taxpayers catch on.
@grahamturner1290
@grahamturner1290 Год назад
@@billgibbard9449 😂
@stephenford2758
@stephenford2758 Год назад
The Conservative Party is the party of fiscal irresponsability.
@MayankTiwari-rp7uf
@MayankTiwari-rp7uf Год назад
What about the supply side? Where are the oil and gas supplies to come from and at what price and what does that do to inflation / economy?
@Officialnrb
@Officialnrb Год назад
Good to hear the Bank of England reassuring the markets.
@whyme4244
@whyme4244 Год назад
It's almost like they want it to happen lol
@niblet112
@niblet112 Год назад
Central bank Buying out pension bonds in there millions to stop the banks crashing. Yeah I know that was a month ago, but people still don’t know how close they came to losing there pensions
@MY-fl5xl
@MY-fl5xl Год назад
@@niblet112 can you share how people are close to losing pension? Is it because pensions are invested in bonds/treasury?
@niblet112
@niblet112 Год назад
@@MY-fl5xl they were close a month or so ago. The central bank had to buy the bonds. There’s some very good videos about in on RU-vid.
@chapmanvernon999
@chapmanvernon999 Год назад
The 1973 recession lasted until 1975 and took over a year to recover to its pre-recession levels. The UK also had to go cap in hand to the IMF. The great slump lasted 60 years in the 1400s. So if this is going to be the longest recession the UK has ever had, we are in for a rough ride?
@HardyBunster
@HardyBunster Год назад
They can’t blame the workers this time. 🤷‍♂️
@CountScarlioni
@CountScarlioni Год назад
They're still trying though with all the anti-union rhetoric.
@samanthahardy9903
@samanthahardy9903 Год назад
My predictions for this coming winter. 1. A harsh winter with a lot more snow than we've seen for years. 2. Widespread blackouts. 3. Businesses forced to close due to powercuts and snow. 3. People freezing and starving to death because they can't afford their energy bills and food. 4. Public transport coming to a standstill because of lack of grit for the roads. I know it sounds like doom and gloom but people in the UK are not as prepared for a harsh winter like they used to be.
@SolsjaekHolund
@SolsjaekHolund Год назад
Msg the digit above ↑↑ for more ideas on how to invest properly.
@positivevibesrfc
@positivevibesrfc Год назад
Winter is the same every year. This is nothing new. They are marketing a narrative in the media to control the masses. Just like they did with the rebranded regular winter virus.
@mahalallel2012
@mahalallel2012 Год назад
10% inflation??? Tin of chunky soup went up 25% (80p - £1) in Asda.
@MrJenklns
@MrJenklns Год назад
And the tin has shrunk
@alfonsohorcajada4399
@alfonsohorcajada4399 Год назад
The same as for pasta, olive oil, coffee, tea, meat, pretty much everything!!
@drunkenpumpkins7401
@drunkenpumpkins7401 Год назад
Inflation is just a general number of price increases after 1 year for a general household. But for each of us we have a personal inflation and for everyone inflation is different. For example, maybe I only experience a inflation of just 5% while you might experience inflation of 25%. I have a lot of solar panels on my roof to the point I have 60% of my energy needs during a rainy day and I don't use gas. So my personal inflation is pretty low. On the other hand I've seen a lot of folks who live in old houses and need a lot of energy to keep themselves warm, those people might experience a lot of inflation.
@dr.robotnik7334
@dr.robotnik7334 Год назад
@Cosmo || Anime Analyst This is the real crime here.
@topfuelteddy
@topfuelteddy Год назад
@Cosmo || Anime Analyst aldis own less than a quid !
@petertaylor1447
@petertaylor1447 Год назад
Why is UK projected to have negative growth / be in recession when Europe is flat lining? What is the difference? One word - Brexit.
@ruairievans
@ruairievans Год назад
Europe or the EU? There's a difference.
@martinsingfield
@martinsingfield Год назад
The BoE's economic update is based upon a hypothetical worst-case scenario it thinks will never happen. The update included a second, more realistic scenario, which sees interest rates peaking a a much lower level, resulting in inflation returning to target in 2024, a shorter contraction and a more modest rise in unemployment.
@jackomino
@jackomino Год назад
The Bank of England have not taken any responsibility for QE In the past few years. Too much liquidity in the markets, as history has shown, leads to Recession.
@macdabrows
@macdabrows Год назад
Yes, but the question is who really decides about the QE. Presumably it is the government.
@sciencefliestothemoon2305
@sciencefliestothemoon2305 Год назад
You mean the clusterfuck called supply chains plus a bit of energy price hikes?
@jabbadabbajew6035
@jabbadabbajew6035 Год назад
You can’t print money for 14 years straight and not expect inflation. This FIAT currency system cannot be sustained without a reset. Which is exactly what they’re doing. Money will be replaced by CBDC’s.
@willthomson550
@willthomson550 Год назад
What a ridiculous statement would you have done better 😂
@jabbadabbajew6035
@jabbadabbajew6035 Год назад
@@willthomson550 yes I’d have let those who caused the 2008 crash go bust. It would have been cheaper than bailing them out and prevented such behaviour in the future but no, they’ve done it all over again.
@braxxian
@braxxian Год назад
Rates should never have been so low in the first place. They are simply returning to their normal level of 3-4%.
@tommygunhunter
@tommygunhunter Год назад
Exactly..whole economy doped on cheap money...in a year half of businesses will be bankrupt.
@SA-ff9uc
@SA-ff9uc Год назад
@@tommygunhunter no more zombie companies kept afloat by furlough handouts.
@Roman-rz3qj
@Roman-rz3qj Год назад
Yes! And the fed admits it. They wanted to boost the economy from the pandemic repercussions.
@whosurdaddy1975
@whosurdaddy1975 Год назад
what is normal? 3-4%? 30 years ago, 20% was normal so please go take a economy lesson then come back tell us.
@EK6O3O
@EK6O3O Год назад
@@whosurdaddy1975 more buying power and cost of a house to income was way different 30 years ago. 20% interest on 70k mortgage vs 4% on 600k is a big difference.
@englishwithianshorts
@englishwithianshorts Год назад
Strange people, why buy expensive electricity? You can always produce it much cheaper.
@lukeskywalker1177
@lukeskywalker1177 Год назад
UK's unemployment rate is 4-5 times higher than their official number if you look at full workforce capacity. Their calculation doesn't account for wether you work full or part-time. UK has a lot of part-time workers.
@MrRawMonkey
@MrRawMonkey Год назад
Interest rates have been at historic lows for 15 years. They are just returning to normal.
@tammicraft7079
@tammicraft7079 Год назад
What a relief to see an educated comment. People have been predicting this outcome since interest rates were first lowered to boost the economy may years ago. After so many years of cheap money, the adjustment and thus economic pain should still have a long way to go.
@geneytube18
@geneytube18 Год назад
What's gobbsmacking is that people voted for their inability to do F.A. about it. Can't start any tiny business and ship to the EU. Can't make a quick trip to offer services.
@brusselssprouts560
@brusselssprouts560 Год назад
52% of 40% of the electorate voted for Brexit, so it was very much not all the people.
@minimax9452
@minimax9452 Год назад
don't mention the B-Word! ;-)
@twilh
@twilh Год назад
@@brusselssprouts560 It's the same in general elections. Cry more bitter REMOANER.
@spurge83
@spurge83 Год назад
You think this is about Brexit? If you were lobotomised, nobody would notice.
@dudeatx
@dudeatx Год назад
@@brusselssprouts560 Just like in any UK election then isn''t it?
@Chodesese
@Chodesese Год назад
Power corrupts absolve power corrupts absolutely!
@abbieroseholden4174
@abbieroseholden4174 Год назад
Wish they'd sort it out!!
@donnakantaris2287
@donnakantaris2287 Год назад
We went into the EEC because we were 'the poor man of Europe'. Guess the Tories want to relive the glories of the past...
@hmq9052
@hmq9052 Год назад
The IMF. Dennis Healey.
@stephenlynas9693
@stephenlynas9693 Год назад
Politicians shouldn't be allowed to claim for food travel energy and any other claim they can make they should be made live off their working wage instead of saving it up
@Justin-jh4ym
@Justin-jh4ym Год назад
And claim on second homes in central London
@positivevibesrfc
@positivevibesrfc Год назад
Exactly. That must stop. They get away with claiming too much as well as wanting a 15 percent pay rise. They can F off.
@scotty101ire
@scotty101ire Год назад
Finally the sunny uplands of post Brexit Britain the freedom the sovereignty getting Brexit done at last
@doc0core
@doc0core Год назад
But what happened to leveling up up leveling meta awesomeness?
@MrJenklns
@MrJenklns Год назад
Sorry you voted out now ?
@Enzo012
@Enzo012 Год назад
Post Covid pointless arseing around Britain more like. Or Russian sanctions Britain.
@scotty101ire
@scotty101ire Год назад
@@MrJenklns I,am from Ireland love watchng the Tory inspired destruction of one of the worlds former super powers to an irrelevant laughing stock
@jockwilson221
@jockwilson221 Год назад
nothing to do with brexit more so the countless billion the torys wasted
@Ghengiskhansmum
@Ghengiskhansmum Год назад
Funny how during austerity the debt wasn't a problem for the Tories and not the reason for austerity but the deficit was the main issue. Now austerity is supposedly needed to pay down the debt and deficit is never mentioned by MSM. Funny how things just get flipped when it suits the Tory party.
@susanelliott2287
@susanelliott2287 Год назад
Our interest rate was 17% and before people tell me how cheap property was back in the day, it wad a helluva lot of money back then.
@doyhuxford492
@doyhuxford492 Год назад
The cost of leaving the EU. The cost of paying for covid then ofgem who work for the government set energy prices sky high
@dudeatx
@dudeatx Год назад
Retail energy prices are set by a bourse in Holland, they set prices EU wide but, in principle you are right, it is basically a price fixing cartel.
@outrageisthepastime5736
@outrageisthepastime5736 Год назад
Inflation in recession Depressing
@outrageisthepastime5736
@outrageisthepastime5736 Год назад
@I'mBatman Gold star
@paulhopkins3242
@paulhopkins3242 Год назад
Yes Thankyou toris for tbis youve all played a blinder and are getting away with it yet again.
@d2d319
@d2d319 Год назад
Interviewer: Was that the most frightening moment in your lifetime, really? Alex Bailey: Are you five?
@MolloyPolloy
@MolloyPolloy Год назад
Like a builder smashing his car into your house, telling you your house is fucked, telling you he'll fix it but charges you a fortune and then expects you to be grateful.
@Andrew-vx2ls
@Andrew-vx2ls Год назад
Expect BOE rates of 5% for 2023... No point blaming Putin, Brussels or the Duchess of Sussex: the main increases are from brexit.
@alangiles184
@alangiles184 Год назад
The BOE should have increased interest rate early it is not because of Brexit if you look at many countries in rhe EU ie inflation in the EU is high rhat uk so check your facts ie Holland has inflation at 17%
@SA-ff9uc
@SA-ff9uc Год назад
And all the immigrants stealing housing who we have to pay for.
@alangiles184
@alangiles184 Год назад
@@TheAzizulhuq The uk only use under 3% snd manly use gas from the North sea so when do you get your facts The BOE should have raised interest rate early when inflation was 5.3% back last year
@Andrew-vx2ls
@Andrew-vx2ls Год назад
@@alangiles184 Fact check: Netherlands CPI is 9.55%. It is in the EuroZone which has the advantage of being very stable.
@alangiles184
@alangiles184 Год назад
@@Andrew-vx2ls The inflation in the EU is not stable at 10.9% and the dutch inflation is running at 17.9 % so this came from the EU itself so
@sancheztorres5280
@sancheztorres5280 Год назад
Success depend on the action or step you take to achieve it. Show me a man who has no investments I will tell you how soon he will go broke. Investment is building a safe Heaven for the future......
@alejandropedro8602
@alejandropedro8602 Год назад
To earn more you need to have multiple diversified means of income so investing is a way to earn more money once it is profitable.....
@sanchezrebreto2202
@sanchezrebreto2202 Год назад
If you find a way multiply your money one day you’ll wake up and realize that the money you thought you had is gone .investment is the key....
@mullersophia8602
@mullersophia8602 Год назад
@@sanchezrebreto2202 I agree with you friend investing is the key to maintaining your financial longevity and not just investment , but an investment with guaranteed profitability....
@verinzlz7705
@verinzlz7705 Год назад
@@mullersophia8602 Oh, it's great to see someone who also benefits from Maria Wood services, it's a small world indeed. She has been my portfolio manager and also my mentor for 2 years and still counts and I made a profit of $ 37,795 on my original amount of $ 1050 with her management of my portfolio.....
@javierarturo9168
@javierarturo9168 Год назад
@@verinzlz7705 Hello I would like you to refer me to your personal investment manager. I will also want to know if while she manages my investment can I still access my investment portfolio to monitor and authorize any action of investment portfolio......
@Truthseeker1515
@Truthseeker1515 Год назад
What about those of us renting! A £450 increase in my rent! Landlord tells me it is the market rate and will find someone else! I cannot pay this.
@GK-qc5ry
@GK-qc5ry Год назад
It's not just the interest rates the unemployment rate doubling will have a factor. The level might still be low by historical standards but will play a factor.
@edwardbrady5843
@edwardbrady5843 Год назад
Forget about recession, at least Matt will make us proud in the jungle, a truely world leading politician.
@deborahwyndham-lewis5188
@deborahwyndham-lewis5188 Год назад
Hopefully an angry funnel web spider will attack him like he has attacked the elderly in the first wave of C****!
@KingKong187911
@KingKong187911 Год назад
Shout out to all the working class with big mortgages that voted Conservatives last time. Reaping what they sowed 😔
@mattsmith1157
@mattsmith1157 Год назад
Shout out to all the Labour voters that kept Tony and Gordon in power until they had spent all our money.
@SA-ff9uc
@SA-ff9uc Год назад
@@mattsmith1157 you are fake news.
@ranjha4008
@ranjha4008 Год назад
@@mattsmith1157 😴😴
@ryanwinsor1689
@ryanwinsor1689 Год назад
they're all a bunch of frauds, it's not one single person. THEY ARE ALL TWISTED
@domr8796
@domr8796 Год назад
@@mattsmith1157 bro, they oversaw the longest period of growth in UK history and could afford to invest. It was only after the 2008 recession which no one predicted that there was a deficit that had to be dealt with
@andrewareva4605
@andrewareva4605 Год назад
Just watched a video of Boris Johnson saying that this entire pain is worthwhile to support the Ukrainian war and that the longer the war goes on, the greater the chance of British energy independence. So this pain is a good thing.
@Land-of-reason
@Land-of-reason Год назад
That’s what you have with excessive QE and MMT. Well done Rishi and the BoE.
@Honest-liars
@Honest-liars Год назад
Brexit plays a role in the poor economy. The UK choosing to leave the EU is the equivalent of sanctions.
@gee3883
@gee3883 Год назад
Amazing how hardly anyone takes this into account.
@JesterEric
@JesterEric Год назад
Inflation is higher in the Eurozone
@martinabcbeers
@martinabcbeers Год назад
Most people have absolutely no idea over economics on a large scale, like most important subjects there is very little taught in our schools .
@gee3883
@gee3883 Год назад
@@JesterEric so what are you saying brexit hasn't affected exports, imports, investment and gdp?
@oooollllmmmm0987
@oooollllmmmm0987 Год назад
@@JesterEric in some countries, but France, Germany or Italy which have similar size of economy as UK have much lower inflation then Britain. As the effect look in to Ireland - because brexit Ireland is left in limbo where they still have EU easy custom and transit rules and easy trade with rest of the UK. The inflation is not a problem there and they literally have one of the best economies and low unemployment in Europe atm.
@devonscannell996
@devonscannell996 Год назад
Its about taking public money and putting it in private hands and "situations" under the rule of law and secrecy :)
@111Econ
@111Econ Год назад
2008-2011 crisis. 2020 (covid) - 2027 recession. Wtf is this.
@conscious3714
@conscious3714 Год назад
I don't understand the country's economic trends, I just would like to see energy prices be reduced.
@senzen2692
@senzen2692 Год назад
Oh dear; and there's worse: according to some polls 43% of Brits still think Brexit hasn't harmed the economy, and the official opposition (Labour) is in favor of continuing with it. Many other countries are doing poorly but you might have to start talking about lost generations in the UK, unfortunately.
@healthiswealth6797
@healthiswealth6797 Год назад
Brexit was sabotaged by MPs not wanting to leave
@billgibbard9449
@billgibbard9449 Год назад
Lost generations of lost minds?
@straightouttacornwall
@straightouttacornwall Год назад
Its pie in the sky. Nobody knows what the cost of Brexit is. The Brexit debate is over, nothing changes the outcome. We all had a fair vote. What we e do know is the cost of another Tory government. They have spent 12 years wasting and pilfering truck loads of our cash
@NONAME-kw3pu
@NONAME-kw3pu Год назад
lost gen in many countries as the standard of "living' (just getting by working 2... 3 jobs) goes away.
@Bdbtg28691
@Bdbtg28691 Год назад
@Straight Outta Cornwall Still causing huge issues in Northern Ireland. British Loyalist terrorists issuing threats of a return to violence.
@malcolmwatts2487
@malcolmwatts2487 Год назад
Thing is Interest rate should not have been 0.01 that low in the first place, colossal undesirable effects of ultra low rates caused the house price spiral, vendors were taking huge advantage of easy affordability by pushing-up prices to match that would have never be possible if the BoE rate had been normal, about 6%. This correction is long overdue & in my opinion is still far too low. Inflation needs to be tackled & is far more important.
@pnd7727
@pnd7727 Год назад
Hit the nail on the head.
@urinater
@urinater Год назад
Let me guess… your a pensioner who’s paid off his mortgage and who’s saving have eroded over the last 10 years. 😊
@michelledavies2197
@michelledavies2197 Год назад
@@urinater some of us were paying 19% interest in the early nineties so we know how hard things can get. Remember to always follow the past to see what can happen in the future.
@michelledavies2197
@michelledavies2197 Год назад
Spot on
@MrHarold90
@MrHarold90 Год назад
@@michelledavies2197 yes but affordability is a lot less than those days, 6% interest is like 20% in those days. GDP per capita been flat for 14 years.. run by boomers.
@andyhunt8601
@andyhunt8601 Год назад
Are you kidding me!!! That woman in Tunbridge Wells..... the only reason to remortgage her house would be to take money out of it... so why does she need to go to the food bank....? Look at her house... she is not struggling. She does not KNOW THE MRANING OF STRUGGLE!
@oysteroid4030
@oysteroid4030 Год назад
More time for Scotland and Northern Ireland to be independent.
@stevendurrant1724
@stevendurrant1724 Год назад
If only there was a large successful trading bloc we could join to make trade and other co operation a lot easier.
@googlecontrolled
@googlecontrolled Год назад
What,you mean tbe one in a worse state than us 🤣🤣🤣
@billgibbard9449
@billgibbard9449 Год назад
Like Brenter?
@supermash1
@supermash1 Год назад
You just broke away from that didn't you?
@jaimeclifton9078
@jaimeclifton9078 Год назад
Yes - and one that dictates our laws and allows for unmitigated migration!!
@artificialCartoons
@artificialCartoons Год назад
The EU will be done soon enough. The southern countries will be forced out.
@maneshipocrates2264
@maneshipocrates2264 Год назад
Did these voters not say Conservatives with big degrees from Oxford were those to solve their problems including Brexit?
@rawat2608
@rawat2608 Год назад
Thank you US of A
@animeswitch
@animeswitch Год назад
what are they going to do if 10 million people get kicked out their homes?
@kstxevolution9642
@kstxevolution9642 Год назад
If you voted for brexit, congratulations. You've done your part for this recession.
@susanbrown2909
@susanbrown2909 Год назад
Who took us in and then gave people the chance to take us out..the ludicrous Tory party.
@billgibbard9449
@billgibbard9449 Год назад
Funny and truthful!
@kstxevolution9642
@kstxevolution9642 Год назад
@@susanbrown2909 the referendum was a) non binding and b) a coward move by all mp's who were afraid to make a decision. If we (the whole population, independent of what they voted for) were capable of making those decisions, we wouldn't need to elect mp's, would we?
@artificialCartoons
@artificialCartoons Год назад
You've probably got all your boosters and the Ukrainian flag in your bio. It's literally a worldwide recession (a good thing) which was triggered by pointless lockdowns, and exacerbated by aggression towards Russia. You fell for two bullshit narratives, is it possible you've fallen for the remainer bullshit too?
@kstxevolution9642
@kstxevolution9642 Год назад
@@artificialCartoons actually I think Ukraine and Russia should both annihilate themselves since putin betrayed the soviet Union. Maybe you were misled by the leave narrative
@mokhan7008
@mokhan7008 Год назад
Thanks Brexshit and the Conservatives.
@shadrana1
@shadrana1 Год назад
You hope.
@s0hail1
@s0hail1 Год назад
*Canada 🇨🇦 have Same Situation*
@csharpe5787
@csharpe5787 Год назад
Well done to all who voted for Brexit. So who thought it would be a good idea to say goodbye to 4% growth.
@googlecontrolled
@googlecontrolled Год назад
Except this is worldwide and not specific to the UK so wtf has brexit got to do with it ffs!
@derf9465
@derf9465 Год назад
We haven't left yet. Brexit still isnt finished.
@daydays12
@daydays12 Год назад
@@googlecontrolled Oh that's nonsense. A lot has to do with Brexit . Covid, War in Ukraine, Global economy are excuses. Government incompetence/grift is never admitted.Corporate profits are up - the energy sector has huge windfall profits. Energy costs peaked in August and have fallen markedly since None of the reasons given by the B of E for raising interest rates are valid;how, for example, do rising interest rates affect the energy price? Nonsense. Millions of people are going to suffer because of this government's new bout of 'austerity', 'austerity' which never works. All totally anti-growth. Leaving the EU was a big hit to growth.
@csharpe5787
@csharpe5787 Год назад
@@googlecontrolled Well that completely shows your ignorance. Of course it's worldwide but we are being affected much greater extent. The loss of 4% GDP is huge.
@csharpe5787
@csharpe5787 Год назад
@@rustyslawTTV And you are making ignorant comments. Do you know anything about economics.
@maybeyesmaybeno6285
@maybeyesmaybeno6285 Год назад
I live in Serbia and till few months ago I didn’t have to look at prices in supermarkets. I’d buy whatever I needed, mostly branded food and goods. Nowdays, I’m getting used to check around the supermarkets if something is on discount (stuff which have longer expiration date, like shaving and shower gels, toalet paper, fruit in cans etc.). One week ago, Serbian Statistics Biro gave information that average inflation is 13%. That is so untruth. Majority of Serbian citizens spend almost half of the budget on food. Since the food went almost 100%, many families are in a very bad position. And it’s not just Serbia, all my friends around the world have similar situation. We, as humanity, became poorer in finantial sence, but this can be an oportunity to stop wasting our money on things which we actually don’t need.
@SA-ff9uc
@SA-ff9uc Год назад
It is the fault of the Kosovans.
@imastaycool
@imastaycool Год назад
All your friends around the world? Haha Food prices in Ireland have largely remained the same... I'm on an average wage but not feeling the pinch at all 🤷‍♂️
@maybeyesmaybeno6285
@maybeyesmaybeno6285 Год назад
@@imastaycool I don’t have a friend from Ireland🙂 I wish for Ireland to stay that way
@topfuelteddy
@topfuelteddy Год назад
That'll be Brexit then .
@imastaycool
@imastaycool Год назад
@@maybeyesmaybeno6285 hvala/Хвала ❤
@englishjona6458
@englishjona6458 Год назад
These are all nuanced situations highly nuanced
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