Why the UK's Economy Stopped Working

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The UK’s new government will inherit an historic economic challenge as a result of Brexit, the pandemic, Russia’s war on Ukraine and the debt burden exacerbated by all three. Inflation is just one obstacle facing the Labour Party under Leader Keir Starmer, the Conservatives under Prime Minister Rishi Sunak or whomever the country chooses. While raising taxes or increasing debt are unlikely options, there is a potential solution to Britain's economic crisis: increasing productivity and efficiency.
00:00 Introduction
01:10 New UK government
01:34 Covid and the energy crisis
02:54 Interest rates
03:20 UK’s debt problem
04:20 Productivity and efficiency
05:38 Missing workers
Read more from Bloomberg here, Labour’s Cautious Pitch for UK Power Ducks Hard Economic Choices, and get The Readout newsletter for essential insight on the stories that matter for the UK.
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Опубликовано:

27 июн 2024

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Комментарии : 1,6 тыс.

@business 6 дней назад

Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=RU-vidOriginals

@Battleneter 6 дней назад

Actually major error here, US Employment participation since the pandemic dropped far lower than the UK and has not returned. The US however is able to print huge amounts of $US to simulate the economy with very little consequences at least for now.

@williamyoung9401 5 дней назад

It's not just Britain's economy. It's the Capitalist world. You want to know why it's failing? Too much money in the hands of too few billionaires, controlling the Narrative with not enough COMPETITION. No one has any discretionary spending anymore, which means fewer people buying things, which means fewer jobs, which means less tax revenue, which means a slower economy, which means recession. Which leads to Unrest... We've been here before and the solutions are obvious. Remember what Teddy Roosevelt did?

@williamyoung9401 5 дней назад

It's not just Britain's economy. It's the Capitalist world. You want to know why it's failing? Too much money in the hands of too few billionaires, controlling the Narrative and not enough COMPETITION. No one has any discretionary spending anymore, which means fewer people buying things, which means fewer jobs, which means less tax revenue, which means a slower economy, which means recession. Which leads to Unrest... We've been here before. And the solutions are obvious. Remember what Teddy and Franklin Roosevelt did? They made the billionaires pay their fair share again. Broke up the big boys. And created productive work programs that benefitted everyone. Domestic industry was massive.

@williamyoung9401 5 дней назад

@sinnaras9120 День назад

UK is still far better than INDIA

@yemiojo2265 6 дней назад

When your economy is full of consultants and not manufacturers, how do you expect the economy to perform?

@MusehanaH 6 дней назад

consultants and money launderers

@Enuff947 5 дней назад

Sell more consultancy services. I hear Papua New Guinea is crying out for some.

@deezeed2817 5 дней назад

I don't know why the act like Covid was the reason, Never heard such utter nonsense in my life. I worked with a British expat in 2015 and back then he saw the writing on the wall for the UK. Every nation was hit by the pandemic but that's NOT the reason why the UK didn't recover. There's alot of facts that are missing from this report that they aren't willing to admit.

@williamyoung9401 5 дней назад

And stock analyzers telling them to minimize costs to maximize profits to the EXTREME, and at ALL costs.

@michalkosmita5194 5 дней назад

The Brexit Idea was a EU-Singapur \Hong Kong - Tax-paradise , real eastate-paradise , edukation-paradise :D

@glassmuxxic 7 дней назад

Mismanagement, incompetence, bloat and brexit.

@vmosta 7 дней назад

You forgot the biggest one . THEFT !

@southspin7694 7 дней назад

Everything above, swap Brexit with theft. Brexit will save UK

@poshbo 7 дней назад

The video glosses over why taxes are high while public service standards are so low; where did all that money go? Who's responsible for the bad spending?

@kevinh4869 7 дней назад

You had me in the first half. This has nothing to do with Brexit.

@AB-zl4nh 7 дней назад

The UK Labour Party reduced NHS waiting times every year to the lowest levels while immigration was rising every year. Immigration isn't the problem the Conservative Party and austerity is. The vast wealth from immigration wasn't taxed & allowed to go into the hands of the wealthy elite. That's why we need wealth taxes on multimillionaires and billionaires.

@alexander1989x 2 дня назад

According to this, the problem is not having enough engineers. I'm an engineer and can't find work in the UK. We don't have a productivity problem. We have a failing business environment problem.

@sinnaras9120 День назад

UK is still far better than INDIA

@soavemusica День назад

Gee, I thought engineers were arriving en masse, by boats, seeking asylum, finding refuge in a hotel. What could possibly go wrong?

@sinnaras9120 День назад

UK is still far better than INDIA

@AlexColes-wn5jg 21 час назад

Spot on. Engineering is also not paid well. It's a mindset problem. Big businesses and Government simply don't want to follow through with their words to do proper long term investment. They prefer quick wins and gimmicks at the expense of training and investment which creates compounded returns.

@Metamerist625 18 часов назад

@@AlexColes-wn5jg I am an Engineer myself and it is very well paid compared to the national average but it is very poorly paid compared to what one could earn in other areas of the tech sector. It is also poorly paid relative to the skill and knowledge required to do the job. There is plenty of work about but it is for "gimmick" projects like HS2 and pointless road building, whereas what is needed is better roll out of high speed internet, better public transport and better water infrastructure. It surprises me to hear that the original commentator can't find work as there is a skils shortage in most sectors of Engineering. Although there is also ever increasing pressure to cut costs, which is clearly not easily squared with hiring the right number of staff.

@lephtovermeet 6 дней назад

Since Thatcher the UK has decided that they can be an only service economy. They also bend over backwards for insanely wealthy people. Turns out that doesn't work.

@r3dp1ll 6 дней назад

most of the developed word. Service economy, financiarisation and massive immigration. We are harvesting the fruits now.

@phoenix5054 6 дней назад

If the rich ran Britain, Brexit would not have happened. Keep looking for people to blame.

@swojnowski8214 6 дней назад

brexit has happened exactly because the rich want no regulation and tax heavens under their full control, they want uk a colonu yo the US because it is the US companies that own this country, get it deeper and deeper in debt and take dollars back home. The UK is a zombie being eaten by american corporations while the conservative gov manages the discontent of the local population. The country is sold, in debt, no assets ... and no future.

@martinradcliffe4798 6 дней назад

@@phoenix5054 The rich don't run Britain? Yeah.... right,,,,

@bsdpowa 6 дней назад

@@phoenix5054 stop taking drugs my man, the rich were leading brexit in order to protect their banking system from EU regulation

@Ryan-gh4iz 7 дней назад

If the UK does invest heavily in certain industries, I highly suspect that money is just going to over paid managers

@RakutenZero 6 дней назад

DEI ones😂

@asoton957 6 дней назад

Because UK companies don't invest in productivity. Look how companies are currently treating Pride Month. In Europe and US they're falling over backwards for who can incorporate the most rainbows in their logos, put up the most rainbow events or show off the most rainbow stats by having the most rainbowy workforce. Meanwhile in China Africa Middle East India South America everything is the same as it was last month and they're busy making profit. I saw a job advert recently for a DEI Analyst in HR at Lloyd's Bank. Starting graduate salary 46k. The advert for a financial analyst for their graduate scheme meanwhile is 32k. Problems in a nutshell. The productive jobs are underpaid, meaning many of the best and brightest leave to Australia and US etc. to work. I know multiple IT engineers and financial graduates who left to USA and medical graduates who left to Australia. Meanwhile the zero-value-added jobs like DEI and HR are overbloated in the UK, not just in absolute number but also in pay.

@DrDanQ92 6 дней назад

@@asoton957 The problem isn't DEI, it's an entirely financialized economy that sold off its public assets to private companies that are squeezing them out for profits.

@riakriak7270 6 дней назад

@@DrDanQ92Exactly! Boeing's planes aren't crashing because they hired too many black engineers. It's because the company was bought out by a Wall Street firm years ago, and has aggressively cut safety standards to save money.

@Ryan-gh4iz 6 дней назад

@@riakriak7270 Vulture capitalism?

@Knifeys 6 дней назад

That 280 billion pounds went directly towards Tesco and British Gas annoucing record earnings one year later...

@1sonyzz 3 дня назад

Uk gets gas and electric from different source now so there's no shortage of it and yet prices haven't been lowered any bit and are still the same - more than 1 and half year later since increase by double

@DadyTomorrow-qi9bo 2 дня назад

The US Dollar is going to be collapsed soon, buy GOLD ✅

@borisj 2 дня назад

Not quite, but the entire £700bn definitely ended up in the pockets of the wealthiest few. That’s £14k per adult in the country. If you didn’t get your £14k, someone else got them.

@Luke-pm1rb День назад

Forcing the shutdown of the economy over a bad cough was completely disproportionate

@sinnaras9120 День назад

UK is still far better than INDIA

@supreme_overlord 6 дней назад

Play brexit games, win brexit prizes...

@alter1237 6 дней назад

more like borrow billions of money then send to Ukraine

@mic9check 6 дней назад

@@alter1237 Not unique to the UK

@davidanalyst671 6 дней назад

brexit did win!! Brexit means that England can set their own economic policies!!! Don't blame brexit if they make bad policies, blame the british politicians!!

@christiansebastianlauritse2404 6 дней назад

@@davidanalyst671 You already could... You were never part of the Euro Zone.

@skrat1001 6 дней назад

It's working very well for the elites, they're just throwing people like you under the bus.

@wenterinfaer1656 3 дня назад

Living in London, where nothing seems to be working correctly, is just a mental breakdown every day

@DadyTomorrow-qi9bo 2 дня назад

The US Dollar is going to be collapsed soon, buy GOLD ✅

@sinnaras9120 День назад

UK is still far better than INDIA

@felixlpilon 6 дней назад

Tax-to-GDP in the UK is grossly overrated, London being a tax haven where it is shockingly easy to hide money and where speculation is the only industry.

@bh5037 6 дней назад

londomat for drug dealers, arrm traders, dictators and autocrats as well as oligarchs and monopolists - they all LOVE London !!!

@bawsypvp5481 4 дня назад

tax haven? Wealthy people are moving out of the UK that sparked from brexit and the war in Ukraine...

@thedeemon 4 дня назад

If the Tax-to-GDP ratio is that high, it means taxes are being paid and used, not evaded.

@SunofYork 3 дня назад

@@bh5037 Not true or I would do it

@SunofYork 3 дня назад

@@bawsypvp5481 Where to ? lol..

@maartenaalsmeer 6 дней назад

The UK must be the only European country that still blames the pandemic for their current economic situation. If other nations have recovered from the pandemic by now and the UK hasn't, might there be another issue? One that's only affecting the UK? Now what could that be?

@romeoandjuliet6522 6 дней назад

Whole money goes to Ukraine war and giving refuge to Ukrainians

@jasonosunkoya 6 дней назад

B R E X I T

@_ata_3 6 дней назад

Precisely the video explains that it is not only the pandemic

@volkerengels5298 6 дней назад

UK is simply not the only one... Germans have had car-industries - not much longer. You know... Chinese EVs We used to have cheap russian gas - We became rich through high energy expenditure and high-quality technology. Energy is not cheap anymore +200%...US-LNG France is on path to be ruled by jerks - we'll all wonder if this flies - in regard to the WHOLE EU. uuuumh - you're not alone....

@tin-n-tan 6 дней назад

OP makes a really sh!t point.

@BrewerVera 2 дня назад

Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

@AndersonFair-cy2bb 2 дня назад

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@chris-pj7rk 2 дня назад

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@checkforme234 2 дня назад

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@checkforme234 2 дня назад

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

@soupgems238 2 дня назад

bot alert

@crabbieappleton 4 дня назад

This is why Sunak called the election: dump all the problems on Labour and sneer at any solution.

@DadyTomorrow-qi9bo 2 дня назад

The US Dollar is going to be collapsed soon, buy GOLD ✅

@Metamerist625 18 часов назад

spot on!

@wesselmartens1621 6 дней назад

1 Prints a fk load of money 2 Causes massive inflation 3 Expects to pay low interest on debt

@cocobrez 5 дней назад

Sound like america!

@tuckerbugeater 5 дней назад

I didn't know the Federal Reserve was America

@Fidel_cashflo 4 дня назад

Lol the Tories cutting investment for 15 years is what brought them to this place. No growth without investment

@ohnoitisnt 4 дня назад

We printed 25% of our economy for covid. They paid everyone to not go to work for a year

@debbiegilmour6171 3 дня назад

It can be the right course of action. And in our case, it's probably not a bad one because there is such a dearth of money anyway. The problem is that the vast majority of Tory government spending goes into the private sector, nominally the private sector anyway, it's more of a Tory rich friend club that happens to own a lot of assets (own but run incompetently. See PPE companies without assets and English water providers that collect customer fees but then spend almost nothing on maintenance, investment and upkeep).

@muhammad-bin-american 6 дней назад

Borrow today and worry about it tomorrow. It works all time...for the rich.

@john_smith_john 4 дня назад

edgy

@SunofYork 3 дня назад

nah it's the underclass that borrow but can't repay

@sinnaras9120 День назад

UK is still far better than INDIA

@chriswashingtonbeats 19 часов назад

@@SunofYork well the debt is in our name but its the rich who do the borrowing

@SunofYork 19 часов назад

@@chriswashingtonbeats Please expand on that. I am very well off and I borrow nothing

@muratdagdelen8163 6 дней назад

NIMBYism, Landlordism, Toryism

@williamyoung9401 5 дней назад

Sorry to burst in on your success, but "yo Dre, I got something to say." It's not just Britain's economy. It's the Capitalist world. You want to know why it's failing? Too much money in the hands of too few billionaires, controlling the Narrative and not enough COMPETITION. Capitalism works when there's competition, but every industry has consolidated. No one has any discretionary spending anymore, which means fewer people buying things, which means fewer jobs, which means less tax revenue, which means a slower economy, which means recession. Which leads to Unrest... We've been here before. And the solutions are obvious. Remember what Teddy and Franklin Roosevelt did? They made the billionaires pay their fair share again. Broke up the big boys. And created productive work programs that benefitted everyone. Domestic industry was massive. Which means people had a LIVABLE WAGE to grow the Economy. Everyone won. It's just that the billionaires had single-digit billions instead of the wannabe Trillionaires today.

@tommymorrison6478 5 дней назад

Brexitism, Bank ineptitude(i(ism), Covid(ism).

@DadyTomorrow-qi9bo 2 дня назад

The US Dollar is going to be collapsed soon, buy GOLD ✅

@sinnaras9120 День назад

UK is still far better than INDIA

@sinnaras9120 День назад

UK is still far better than INDIA

@andreasarnoalthofsobottka2928 6 дней назад

I can't say that anything in the video was wrong, BUT It entirely fails to mention the Elefant in the room. An economy that consists of 71% Services doesn't depend on energy and england always had plenty of bonus bankers, ckarks and servicemen. It's britains entire business model that collapsed in the financial crises, never really recovered, and now has mostly gone. (together with the oligarchs)

@discostoo 12 часов назад

83%, not 71%.

@andreasarnoalthofsobottka2928 4 часа назад

@@discostoo looked it up again acc. to statista in 2022 services contributed 72.17% to UK's GDP.

@discostoo Час назад

@@andreasarnoalthofsobottka2928 right, I thought you meant the amount of people employed in services, not the gross gdp contribution.

@thedamnedatheist 5 дней назад

The line about the UK's tax rate being the highest in 70 years is a bit of a lie, isn't it? The tax burden is on the middle & working classes, while companies & the rich have had their tax slashed. Close the loopholes for the rich & tax businesses on turnover, not profit.

@oldskoolmusicnostalgia 5 дней назад

"A bit of a lie": well no, since the middle and working classes happen to form the majority of the population, not a small part. So for a majority they are indeed paying higher taxes than they can remember.

@glassmuxxic 2 дня назад

Taxes on business - via stealth or corporate taxation - are relatively high. Most of the ‘cuts’ offered by the Tories over the last decade and a half were offset by increased compliance costs and stealth taxes. The biggest hole in the UK’s tax system is *wealth* - not profits (excepting multinationals) or income-based taxation. British wealth taxes are complex, overlapping, lower than taxes on income and in many cases relatively easy to avoid - which creates a direct incentive to park cash in assets rather than build or work at anything. This is not mentioned by the political class, as it is not politically palatable to tell the generations/cohorts that own everything - who are convinced they ‘worked all their lives’ - that they actually just won the genetic lottery to be born in the right economy at the right time and now need to pay it forward.

@jonkayl9416 День назад

if you work it out. Average joe is paying 50% tax.

@Cynicruss2 23 часа назад

They'll just leave - there is no way out of this. UK is finished

@Kwippy 7 дней назад

The British people voted for Tory tax cuts, the British people voted for Brexit. So really the pain that Brits are suffering is self-inflicted. Tax cuts mean cuts in public spending and increased borrowing but tax cuts always win votes. Also, Brits voted for Brexit because they wanted foreigners out, even at the expense of a ruin economy and destruction of the NHS.

@r3dp1ll 6 дней назад

You got it all wrong. Actually Brexit was not really implemented. As said in this piece, taxes are at their highest. Immigration ? Illegal immigration is super high. The NHS ? Destroyed on purpose.

@lephtovermeet 6 дней назад

One of the most disappointing things of the 21st century is how easily people are convinced to vote against their self interest. The information age was supposed to fix this, but it might have actually made it worse.

@martinzihlmann822 6 дней назад

democracy gives people what they want and gives it to them hard.

@zoeyelh 6 дней назад

i'm british and i didn't vote for brexit or the tories.

@hyzia18 6 дней назад

It's not the Brexit per se, it's the British political elites that love their globalist counterparts and big international businesses more than they love their countrymen and the English culture.

@thinker8128 5 дней назад

The biggest issue of the UK is that over the years the government - both labour and tory should be responsible for has been converted into a system that is super-large, incompetent and holds nobody to account.

@frankfahrenheit9537 3 дня назад

>> holds nobody to account That is the same everywhere. German here.

@Foebane72 2 дня назад

No, only Tory!

@patrickbateman1660 18 часов назад

Lol Blair outside if iraq war vastly better than Tory's.

@jasonleung8845 7 дней назад

Might be time to abolish all those tax havens so that maybe some actual money might go back into the UK's economy

@asoton957 6 дней назад

What does "abolish tax havens" mean? Ireland is a corporate tax haven. Do you plan to invade it? What does abolish mean in this context

@riakriak7270 6 дней назад

@@asoton957I think they meant just England

@illusion9423 6 дней назад

Won't work, the rich will just move their money somewhere else

@Akash-hq3gs 6 дней назад

Overseas territories?

@BillionaireInvestor-fk7yn 6 дней назад

Because its wealth and prosperity is stolen

@Garcwyn 6 дней назад

People have consistently voted against their interests. Whether local, general elections, or even in referendums. I’m not sure what people expected but there are ALWAYS consequences to actions, including voting

@3v3rhard 2 дня назад

People vote on a promise. Then the promise is not kept and its the fault of the voter? Its the politicians and governments that fail...consistantly in all democracies in the world. Power will corrupt no matter the inital form ie democracy that should prevent it.

@ASMR1Studio 6 дней назад

Let’s not forget that one of the biggest problems is the recirculation of wealth. The corporate system simply isn’t paying its workforce enough. There isn’t incentive for people to go to work, and for the vast majority of those that do, they don’t have enough disposable income to put back into the economy. And with so many industries looking to make staff cuts, this problem will only become more explosive, especially with the onslaught of AI replacements.

@tonivaripati5951 5 дней назад

Nothing to worry about, they can buy Robots , no need to employ anybody in boring tedious soul destroying work!

@quillo2747 2 дня назад

Cheap labour from massive levels of immigration. 2.5 million in the last 2 years

@niravelniflheim1858 6 дней назад

How much money gets siphoned off into private pockets at the top, never to be recycled back into the economy at the bottom?

@TooRichAndSuccessful 6 дней назад

Well after the GFC, Labour had 2 years to create a new taxation structure around derivatives and private equity to bring the government net worth back into the positive. Guess they got lazy and now the UK government will never be able to distribute wealth to the poor considering that it's got over 2.5 trillion pounds in debt that it needs to pay back. Doesn't matter who's in power, debt is debt and it needs to be paid or it will accumulate.

@sandponics 4 дня назад

All of it does.

@evgeniinekhoroshev8204 4 дня назад

You can't establish a progressive tax system which taxes superrich heavily in Britain... They are mostly not locals (Russian oligarchs, Dubai sheikhs, category A world celebrities). They were attracted to Britain by its "cool" image (living in London and sending kids to a private school in England is considered a high-class experience in Russia, for example) and loose financial politics (washing dirty money). At the first signs of Britain increasing financial control they would flock away like migratory birds to another country - Switzerland, UAE, etc. UK is completely deindustrialized, it became a country providing services - banking, legal, etc. Superrich indirectly contribute to the economy with their excessive spending by keeping an army of consultants/managers employed, visiting restaurants/bar/clubs... Massive unemployment and poverty would worsen attractiveness of Britain as a destination for tourism/wealth immigration even further. Rekindling industry would be very hard due to expertise loss and a strong negative perception towards industries raised in masses by modern politics. Another source of wealth in Britain in the past was colonies, which is over too, I am afraid...

@punishanpika 3 дня назад

About as much as gets siphoned off on Humanist ventures to help the poor without increasing their productivity...

@SigFigNewton 3 дня назад

@@evgeniinekhoroshev8204yeah in it’s not as clear that taxing the wealthy a lot more would work well in Britain like it would in the US, but it’s still probably the way to go

@jtee4103 6 дней назад

More managers then workers

@SunofYork 3 дня назад

oh dear you didn't get promoted lol... I did..

@tobyytlai 4 дня назад

An economy with 65 million people but no manufacturing industry will not function. The end.

@khanhhung8959 4 дня назад

Are you britsh or russia troll?

@PhoeniX199777 3 дня назад

8th largest manufacturer, also the vast majority of developed economies are service based so not sure why the uk gets singled out for this

@angus7278 День назад

Thank Thatcher, Reagan, and Canada’s Mulroney for sending almost all manufacturing overseas. Plenty of borders for people but none for capital.

@patrickbateman1660 18 часов назад

@@angus7278they didn't send anything. All they did was stop sending taxpayer to companies to stay in the country.

@freemanol 7 дней назад

It boils down to arrogance. Wanting to have the cake and eat it.

@AB-zl4nh 7 дней назад

@dynamo1796 7 дней назад

Well that doesn't make any sense

@Greenpoloboy3 7 дней назад

What else do you want us to do with cake? Stare at it?

@abot5381 6 дней назад

Exactly the phrase that came to my mind.

@fluffyhamsta 6 дней назад

Don't you mean "wanting to eat the cake and have it, too"?

@rolandnelson6722 6 дней назад

How about you pay the people that do more work more? Rather than suffocate those that do more work. Is there a single worker in the UK, or the US, that thinks if they do more work - smarter or harder - they will be recognised in any way?.

@sarahann530 6 дней назад

If your employer ignores you why do you think anybody cares what you post online ,.

@megamanx466 6 дней назад

I think more unions are needed in some more industries, but only if it promotes productivity in those industries... across the world.

@jrr3613 6 дней назад

@@megamanx466may i remind you the auto workers union in the UK played a huge part in killing our auto industry

@oldskoolmusicnostalgia 5 дней назад

@@jrr3613 No, industry died because nobody was interested in purchasing British cars once Japan produced better vehicles.

@dyse13 4 дня назад

why should I pay you a fairer wage when I can just export your work to some third-world country, pay them 1/10th of you salary make quadruple profits and finally be able to put a downpayment on that yatch I've been eyeing?

@jyy9624 6 дней назад

The only distinctly UK thing about the slowdown, as opposed to global macro, is that British industry had largely configured its structure and practices for optimal single market participation, and modifications have been costly, slow and often half hearted

@dhayaneshvelusamy2621 5 дней назад

That Taylor Swift reference though😂😂😂😂😂

@DadyTomorrow-qi9bo 2 дня назад

The US Dollar is going to be collapsed soon, buy GOLD ✅

@SueFerreira75 5 дней назад

I left the UK almost 50 years ago and nothing has changed. The two World Wars, especially WW2, devastated the UK empire and its economy. Born just after World War 2, my childhood memories are of a country trying unsuccessfully to recover its economy, whilst losing an empire. The decline continues.

@sleepyjoe7518 4 дня назад

Britain was not an empire, it was colonizer.

@awsysumer3814 4 дня назад

@@sleepyjoe7518so Russia wasn’t an empire but a colonizer?

@evgenyzak2035 4 дня назад

For the last 60 years UK’s economy grew 5 times. Doesn’t look like the decline continues.

@punishanpika 3 дня назад

@@evgenyzak2035Only by exploiting its top position for things like financial services. Nepo baby.

@evgenyzak2035 3 дня назад

@@punishanpika Not true. Read what industries grew for that period. Financial services helped, but it’s far from your “only”.

@joydeepsharma1 6 дней назад

Make the hiring processes easier for entry-level jobs.

@DadyTomorrow-qi9bo 2 дня назад

Biggest US bonds holder is Japan , started to sell them. The US dollar crash ⤵️ is soon🔴

@NeuginTin 7 дней назад

Having multiple streams of income is a game-changer for financial stability. Relying solely on a job may not provide enough financial security due to high rates of tax It is important to explore additional investment opportunities to surpass one's expectations. May you find success

@KimJimCastro 7 дней назад

I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

@KemmerlingKrebsbach 7 дней назад

I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

@KemmerlingKrebsbach 7 дней назад

How can i reach her, if you don't mind me asking?

@KimJimCastro 7 дней назад

Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment..

@CartmellBuri 7 дней назад

Same here, I got to know about Abby Joseph Cohen Services on here in 2020 long before the A.I hype. Since then I've paid off $160,000 of debt. Now I'm working on building an emergency fund. I didn't even have a savings account three years ago. My life changed completely and started eating better and working out

@jkae91 7 дней назад

Maybe closing the loopholes that allow the super rich to avoid paying their fair share of tax, would be a start. Also, stop London being the money laundering capital of the world.

@alhesiad 6 дней назад

London is the only place that brings money to the UK.

@TaataGeo 6 дней назад

Blaming the rich for UKs incompetence?? 😂😂😂😂😂😂

@coolbuddydude1 6 дней назад

Wouldn’t “closing” the loopholes simply drive out all that foreign money from the financial sector? Then the UK would have nothing left since the financial sector is the only competitive thing they really have

@internethardcase 6 дней назад

Yeah! You totally would know how that would work and how to do it. You're totally not commenting on something you have absolutely no clue about. Churchill was right about the common voter

@evgenyzak2035 4 дня назад

Man, your communist ideas only bring more poverty and economy stagnation. UK has very high taxes and most rich people pay their fair share. Even if you try to rob all rich people taking their property, you will solve nothing as all the rich don’t have that much to cover whole country’s need for a couple of month. Also in this case, most businessmen and entrepreneurs will leave UK and it will become a poor country.

@DB-ub3wx 2 дня назад

Our country went wrong electing rich person after rich person to run our country and care about our economy, not just their rich friends!

@ericpaulgoldie 5 дней назад

its working perfectly if you are rich, which is who the politicians serve. Had they not privatised basic public services how else could share holders of these companies take directly from future tax revenue and get richer. debt is modern day slavery

@DadyTomorrow-qi9bo 2 дня назад

Biggest US bonds holder is Japan , started to sell them. The US dollar crash ⤵️ is soon🔴

@alexsteven.m6414 День назад

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@valeriepierre9778 День назад

@bernisejedeon5888 День назад

@belobelonce35 День назад

This is definitely something I will consider! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation

@bernisejedeon5888 День назад

Her name is ‘Sharon Marissa Wolfe’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@Jed_89 6 дней назад

It's not difficult, it just takes some hard truths! The UK does not educate the working class in a manor to be competitive in the global work force, so they can start by fixing that. The UK isn't take any lead in tech which has be so obvious in the future for sure a long time. And the UK is so inefficient, government system is useless, the public services if you work in them, you see the absolute waste of money that happens inside them. To put it simple, the UK does not create value on the world stage, so why would it get wealthier?

@sandponics 4 дня назад

Albania is richer than the UK.

@ScottML1996 3 дня назад

Why is the missing workforce considered a mystery? People are overworked and underpaid - It doesn't pay to work hard. You won't see it in your salary, retirement or public services through all the taxes you're paying.

@jonpsp 3 дня назад

I think a lot of older people retired early after the lockdowns because they were able to save money (they didn't have mortgages). The impact of austerity on the NHS meant that younger people could not get healthcare so ended up becoming permanently sick.

@olican101 2 дня назад

Austerity means a lack of investment, a lack of investment sees a lack of growth, a lack of growth means the economy stops working.

@kylethompson1379 2 дня назад

It stopped working because we stopped rewarding hard work.

@ShadoWafel 6 дней назад

For pretty much the same reasons as it did everywhere in the Western world: - raising taxes to pay for all the promises the politicians made - That money goes everywhere besides supporting the country itself - when the country does get scraps for infrastructure or tackling healthcare or whatever, about 80% of the funding ends up in the bureaucratic black hole filling officials' pockets - Less investment in the country leads to less innovation, lowering the quality of life and in the case of Western countries this leads to a lower birthrate, all resulting in lower GDP - the solution to this is, for some reason, to increase immigration. Just get everyone in, we just need more people to increase the GDP - GDP increases, but real GDP per capita does not, in some cases it goes down. Quality of life continues to decline because now we have more people with the same level of amenities and services spread out even thinner - this is all compounded by a delusional political class that hates at worst, doesn't care at best, about the people of their own country, who love spending tax money that they didn't ear spreading it across the world It's the same here in Canada and in the US, and from what I hear Europe is having the same issue with different flavors

@alexb6631 6 дней назад

It's unfortunately never that simple. We already cannot build enough houses to support the current rates of immigration which leads to increases in rent. We also haven't the ability to support these new contributors with the NHS, dental, transport services etc. A short term fix would be to important more skilled immigrants as they are usually nothing but net contributors as they've taken the tax burden from another nation (schooling etc). Conversely, we shouldn't be taking on low skilled immigrants that either do not speak the language and/or cannot meet our secondary standards of education. This shouldn't apply to genuine refugees who have followed the correct processes. Realistically we have our own low skilled labour, we need to find a way to motivate them back to work, so that they may lessen the burden on our benefit system.

@dlewis8405 6 дней назад

My perception of the UK economy has always been of a place that traded off of its reputation as a stable place to sock away wealth. The financial services sector is the only UK industry I am aware of that has any scale. There are also niche industries such as Rolls Royce producing jet engines but that doesn't employ many people. Post Brexit I am wondering what the UK is trying to be.

@manjeetgill1 5 дней назад

Theres a lot of high tech stuff that doesn't employ lots of people but does make a lot of money - biotech, pharma, video games, jet engines, defence, nuclear, architecture, high end engineering. And oil

@joeissac3934 4 дня назад

⁠@@manjeetgill1 Lies. US & Germany dominate tech, medicine/pharma, defense, engineering, nuclear, education sectors. No one wants to buy anything from the British when they have American & Germans.

@DadyTomorrow-qi9bo 2 дня назад

Biggest US bonds holder is Japan , started to sell them. The US dollar crash ⤵️ is soon🔴

@HarryMonn 6 дней назад

Idk how it is in the UK but in the US our corporate tax rate is really low, as is our capital gains tax, while wealth inequality is at a 100 year high. Yet we are 34 trillion in debt. Those taxes could be raised and they would almost only effect the wealthy. If the UK is similar than taxes can be raised, just not regular income tax, as billionaires dont make their money from normal income, average people do.

@oldskoolmusicnostalgia 5 дней назад

You are right. And the UK does have disastrous income tax regimes where you are paying 40% of your income towards taxes and contributions even if you've only moved slightly above middle class levels of income.

@siddharthgoyal4008 5 дней назад

American tax burden is wildly different than UK. US economically is in infinitely better position than UK.

@seanthe100 4 дня назад

The difference is the rate of income tax revenue and also percent of GDP spending. Although the US looks reckless the last federal budget was only 22.7% of the US economy

@KriminalKrampus 4 дня назад

Our government kind of gets special treatment in regards to debt though, doesnt it? Considering the whole world uses our money

@HarryMonn 3 дня назад

@KriminalKrampus o yea but we still pay interest on the debt, which is taking up a larger and larger portion of the government budget. And the only reason the world uses our money is because they see it as a safe investment. If we keep infinitely racking up debt, eventually countries will start to turn away from the dollar.

@peacelilly75 6 дней назад

3rd world country

@ivanexell-uz4mv 6 дней назад

Russia is 3rd world

@genocidelves 6 дней назад

Have you seen London 😅

@ivanexell-uz4mv 6 дней назад

@@genocidelves looks better than Moscow that’s for sure

@mrizaldi7199 6 дней назад

@@ivanexell-uz4mvedinburg are better . London now become londonistan

@MusehanaH 6 дней назад

@ivanexell-uz4mv, Moscow is much, much cleaner than London...and to think London is better compared to a city that you clearly think is beneath London does not say much about London, does it? 🤦‍♀️

@johnmunro4952 6 дней назад

You get the government you deserve.

@richard_ager 6 дней назад

Note true. Only 42% of people voted Tory in the 2019 election. The First Past the Post electoral system did for us. If we had had PR, Labour could have formed a coalition government and, amongst other things, Brexit would not have happened.

@punishanpika 3 дня назад

@@richard_agerThen you would have Labour 😭.

@eXclusive1 7 дней назад

Any company that deliberately avoids paying a sufficient amount of tax to revenue in the UK i.e. Amazon, Apple, Nvidia and other should be sanctioned with a tariff on their products. You can’t take and put nothing back.

@greenmario3011 6 дней назад

I guarantee they aren't making that much of their money in Britain

@xyz-i5l 4 дня назад

Don't they pay the value added tax

@eXclusive1 4 дня назад

@@xyz-i5l yes however tax evasion on profits should not be allowed through a Northern Ireland setup.

@evgenyzak2035 4 дня назад

Didn’t you listen the video how sanctions backfire?

@vondondolo1582 2 дня назад

Tariffs aren't paid by the companies, they're paid by consumers buying those companies products. You're advocating for a sales tax under the false assumption that it punishes corporations. If anything, it gives them more leverage.

@kiinmaskovich4108 6 дней назад

I can't believe these people compared the UK and Germany😂😂😂😂😂😂

@bullpup1337 6 дней назад

why not?

@kiinmaskovich4108 6 дней назад

@@bullpup1337 there is no comparing a political entity on the verge of collapse (the kingdom won't be so united in a dozen-or-so years) burdened by a broken healthcare, infrastructure and social policies with a economic behemoth and the heart of Europe. UK is just an aftertought in today's time, sadly, blame the Tories, Johnson or Sunak, the UK's on the fast track to geopolitical irrelevancy

@joeissac3934 4 дня назад

@@kiinmaskovich4108 The British were always losers. Who wants to anything from Britain when got the American & German products.

@DadyTomorrow-qi9bo 2 дня назад

Biggest US bonds holder is Japan , started to sell them. The US dollar crash ⤵️ is soon🔴

@NicholasBall130 22 часа назад

The UK economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

@StacieBMui 22 часа назад

They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.

@cowell621 22 часа назад

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

@StocksWolf752 22 часа назад

Impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now

@cowell621 22 часа назад

Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@peacelilly75 6 дней назад

280 billion pounds where did most of it go not to the people

@khgktjjruhfhb 6 дней назад

Ukraine and israel war effords. While we cant afford the card boxes we need to live in

@TooRichAndSuccessful 6 дней назад

@@khgktjjruhfhb That's just politicians cashing out. The UK government lost all of it's net worth in 2008 and has been bleeding cash since. Political parties will try to keep up appearances but I'm telling you no sane politician wants to save a ship that's sinking rapidly.

@sandponics 4 дня назад

It first went to America, then they sent it to China.

@discostoo 12 часов назад

38bn on track n trace, Mone and Gove's PPE companies, The ferry company without a ferry took 14m, Matt Hancock's mate who lived above him and who ran a pub started a mysterious PPE procurement company, gaining funding from...The secretary of state Matt Hancock! I forget how much Sunak said was lost to fraud, billions though.

@matthewcaldwell8100 2 дня назад

Austerity was bodying the economy long before Covid.

@Calvin23 4 дня назад

The greatest case of self sabotage in history. This government will go down as the worst in British history. They will study this in universities for years to come.

@ytubelord 6 дней назад

Standard Of Life when compared to their Productivity is So Off the charts which is the result of exploitation of colonial territories and now they can't pay for themselves.

@olmostgudinaf8100 23 часа назад

What, not a word about Brexit? Not a word about the crippling austerity of the last 14 years? Aren't you supposed to be "experts"?

@discostoo 11 часов назад

It's Bloomberg, they're not impartial. Mark Carney is the chair and BoA is financial backer if that helps pull back the curtain.

@KatR264 2 дня назад

One massive problem is the difficulty in both accessing re-training and accessing entry level jobs that do not require years of experience once you have completed that training. Entry level jobs so often require 3-5 years of experience, it’s all too easy to get locked out of employment if your industry changes and you need to retrain. This problem will get more and more critical as we see AI integrated into existing industries. Any non-shortage industry where productivity and efficiency increase, but demand does not, is likely to reduce its employee headcount.

@jennyohara4011 3 дня назад

UK has never recovered from the Blitz, and they were dead poor before the Blitz as well

@darcyissues 3 дня назад

If you vote for magical solutions like Brexit, you end up paying the price. As the saying goes: it is indeed rather chilly outside the EU.

@StrykezMan09 7 дней назад

Farage: "But but but, the immigrants"

@formxshape 7 дней назад

And yes that is true. In Bradford 60% of Pakistan heritage couples are blood relatives, giving birth all sort of regarded offspring. Go visit a baby ward there. The cost to is crippling to the indigenous population of Great Britain. Imported problem.

@mrssantana6530 7 дней назад

cleary the boats is what's crippling our economy

@kevinh4869 7 дней назад

You're right, 6 million extra people in less than a decade has absolutely no effect on any of our services 🤡

@saz4484 7 дней назад

Stop the boats. And I am an immigrant myself

@AB-zl4nh 7 дней назад

@saz4484 so?

@dilara4130 6 дней назад

@annemoore4461 6 дней назад

@emmabeyza6036 6 дней назад

Please how did you reach her, if you don't mind me asking?

@annemoore4461 6 дней назад

@emmabeyza6036 her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@NaomiVardy-oe5rk 6 дней назад

Thank you for putting this out looked--up ABBY JOSEPH COHEN SERVICES, her consuIting page came up at once, she seems highly grounded

@mxk6104 6 дней назад

Fraud scam

@Desperado213 4 дня назад

The video says the UK needs to bring more people back to work and make them productive however the jobs in the UK labor market are far less than in 2021 across many sectors. Companies feel the strain on their finances and are not hiring, and people see the market's condition and are not resigning so human capital is not moving/evolving. Maybe attracting new investment is the answer but interested to see your views too on this.

@arieskibet6443 6 дней назад

First time I'm hearing someone admit sanctions affected UK economy.

@UnkleRiceYo 4 дня назад

Or… here’s an idea… rather than forcing regular people to become more productive, just implement a wealth tax on people with net worths over £10million, generate tax revenue there enough to cut taxes for regular people, and put more money in working people’s pockets without stripping the government of cash and then the boost in disposable income for regular people will boost the economy

@tomasrocha6139 День назад

You think just consuming wealth instead of reinvesting it will "boost the economy"?

@RasakBlood День назад

@@tomasrocha6139 Demand boosts the economy. The real economy. The one that employees people because they need to fill increased demand.

@UnkleRiceYo День назад

@@tomasrocha6139 Not sure where you've got that from. Maybe read it again?

@rokadaprliinnysystemyaczno4761 2 дня назад

The UK needs to renationalise the energy companies

@mysticaltraveller День назад

such incompetent politicians

@Grumbo991 6 дней назад

Don't ever take responsibility, keep blaming others for your problems.😊

@SigFigNewton 3 дня назад

Tories in a nutshell

@caden9622 6 дней назад

Looks like Queen Elizabeth took the economy and truss’ career with her

@sandponics 4 дня назад

The first Elizabeth defended England, the second one sold it.

@DadyTomorrow-qi9bo 2 дня назад

Biggest US bonds holder is Japan , started to sell them. The US dollar crash ⤵️ is soon🔴

@rasara День назад

the result when only poor people are paying taxes, it's the same everywhere now, plenty of money off-shore

@JanbekOzturk День назад

Short answer, the Tories Long answer, Margaret Thatcher...

@bxnjxmxn2942 6 дней назад

Showing Liz Truss between Covid-19 patients and tanks whilst describing 'expensive crises' was hilarious

@DadyTomorrow-qi9bo 2 дня назад

Biggest US bonds holder is Japan , started to sell them. The US dollar crash ⤵️ is soon🔴

@kenbehrens5778 6 дней назад

I don't live in the UK but had grandparents that did. From most of the comments, it seems that the Conservatives governed to help the already well off and advantaged to increase their wealth at the expense of others in society. Has the malignant influence of the Murdoch media approved this by their silence or applause?

@spud3607 День назад

No mention of Liz Truss and what she did for the interest rate!

@fern8580 6 дней назад

1-Madness is doing the same thing over and over again and expecting the results to be different. 2- There is an administrative class which manages the State for its PROFIT, and not for the NATION”

@ilovejesusandilovegod8803 4 дня назад

why? Because the conservatives ruled for 14 years 🤣

@Sniper21361 6 дней назад

A greatest country in the world to a country no one cares about lol

@ryandanngetich2524 4 дня назад

LOL as iif thats new,,the same will be same about the us in the future

@MrSur512 3 дня назад

@@ryandanngetich2524 I hardly think so

@AUniqueHandleName444 2 дня назад

@@ryandanngetich2524 The US has sheer size in a way that the UK simply can't dream of. That alone will make the US geopolitically relevant pretty much indefinitely.

@DadyTomorrow-qi9bo 2 дня назад

The US Dollar is going to be collapsed soon, buy GOLD ✅

@AB-ov1zm День назад

Cheaper to stay home then to work for a greedy corporate freak

@stealthis День назад

Brexit. Brexit. Brexit. Should I say it again?

@Ovisss 6 дней назад

I had to google Taylor Swift to check if she is from the UK...

@NateLanxon 6 дней назад

She's touring the UK presently in the final leg of the Eras tour.

@evgenyzak2035 4 дня назад

So, is she?

@Ovisss 4 дня назад

@evgenyzak2035 no, but at least I found out there's a lot of famous bands from UK

@evgenyzak2035 3 дня назад

@@Ovisss haha, it’s also nice to know.

@pomskylifenova7344 6 дней назад

Well done. Great work

@CyfClaudia 4 дня назад

The truth is this country's system has stopped working for anything in the mid-long term interest since long time ago.

@DadyTomorrow-qi9bo 2 дня назад

Biggest US bonds holder is Japan , started to sell them. The US dollar crash ⤵️ is soon🔴

@davidhayman7623 6 дней назад

1) Raise salaries for public sector workers in line with countries like Australia creating an professional income floor. British employers are currently uncompetitive in the global jobs market which is a problem because higher tax brackets mean more tax revenue for government and fewer people reliant on handouts. We should be attracting global talent and getting more money flowing around the economy. 2) Tax Fixed Assets a lot more, Tax Salary income a lot less. Capital flight is a toxic myth, if someone threatens to leave due taxes they can't pack their windfarm into a suitcase and take it with them, this is a ridiculous notion. The government can tax them and should tax them. Tax is the cost of living in a civilised society. Or you can move to Antarctica pretty much the only place on earth that doesn't have government levying taxes. 3) Invest heavily in skills training and education, businesses need to treat human capital as an asset that you can grow and not a liability. More skilled staff means greater productivity and more market share and more profit, pretty much every other OECD country recognises this Britain is an exception and we are suffering as a result.

@thepotatospace 6 дней назад

When the standard is TS albums, you know you're doomed

@bullpup1337 6 дней назад

lazy journalism

@jonh9561 6 дней назад

British expat watching this from overseas, with absolute disgust, dismay and despair at what the UK has become. Still everything will be fine when Labour get in eh?

@sandponics 4 дня назад

Karl Marx was right!

@discostoo 12 часов назад

Unfortunately, they're two sides of the same coin, Labour and the Tories. It's bad enough for the tories though that there's a possibility the Lib Dems might be the opposition for the first time since 1918. We replaced social democracy with cheap credit and home ownership, now societal contracts are dead.

@EstherRoss-gm8qv 5 дней назад

There are really several factors that can make their economy several times bad

@moonsanIVVVImoon 7 дней назад

Japan imposes 500 trillion yen fine on Apple and its headquarters👏

@Prashant_Pandey4 6 дней назад

How much actually 500 trillion yen is ?

@ginorako2176 6 дней назад

You need a math course urgently.

@moonsanIVVVImoon 6 дней назад

Don't hire a math professor for fraud.

@evgenyzak2035 4 дня назад

Wasn’t it 500 quadrillion yen?

@Riggsnic_co 8 часов назад

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

@kevinmarten 8 часов назад

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

@JacquelinePerrira 8 часов назад

It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance

@Jamessmith-12 8 часов назад

Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns

@kevinmarten 8 часов назад

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

@Jamessmith-12 7 часов назад

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@guydreamr 6 дней назад

And let us not forget the role of austerity in starving public investments which would boost productivity.

@fredatlas4396 4 дня назад

You get the picture, 14 yrs of tory government

@mk5346 4 дня назад

I'm sorry, but - NO. Energy prices spiking to insane levels in the UK had nothing to do with the war in Ukraine, and EVERYTHING to do with energy providers' greed. And it worked - for them, that is. BG saw its year on year profits skyrocket.

@j.k.1239 22 часа назад

And, They were the one's to put sanctions on Russia anyway.

@THEPRK 6 дней назад

If the thinking in London is that if we get the disabled off progams meant to help them live and then getting every unemployed person off benefits is the key to Tory mismanagement then we`re buggered. That`s been the tory government mindset since day one. So basically we`re out of ideas as a country. Skimming over Austerity and Brexit as reasons for this mess did make me giggle.

@findlay234 3 дня назад

I wonder why the participation rate never bounced back... what could possibly have caused that? 🤔

@tealkerberus748 3 дня назад

Stop taxing the poor so much, and start taxing the rich. They're the ones who have the money you need - and they got that money by defrauding the government and the poor anyway, so as a nation you have a solid moral right to take that money back.

@PMMagro 4 дня назад

It is almost like austerity policies brings austerity? The UK is a long term issue. Productivity is low, infrastructrure is lagging behind and major long term inscurity now after Brexit is scary.

@DadyTomorrow-qi9bo 2 дня назад

The US Dollar is going to be collapsed soon, buy GOLD ✅

@dooley-ch День назад

You have not had. Austerity, you have lies, gimmicks and excuses. Germany, Austria, Switzerland and Ireland have done Austerity, in the case of Ireland debt went from 124% to 78% pre COVID. It was brutal but they had leadership - the president, supreme court and high court justices, senior civil servants and defence force staff all voluntary returned salaries etc... and it worked. You have had none of that.

@_ata_3 6 дней назад

Want to bring people into the workforce? Pay more, increase worker visas

@st.charlesofaberdeen154 4 дня назад

As an American I have absolutely no comment..... Because I think our situation is just as bad or worse.❤

@yongjinnkim9207 4 дня назад

Don't hand over the power to the hedge fund manager or lawyer. Someone interested in the community's future can't be a lawyer or hedge fund manager.

@SunKing909 7 дней назад

On 25th November 2020, the video of rishi shown at the beginning, he wasn't the prime minister at that time. It's still the bloke Boris Johnson

@AB-zl4nh 7 дней назад

This clip is partially wrong. Income tax is high, but wealth tax is low. We have high taxes on working and middle-class income from work, but tax upper class wealth lower. Example, 1% tax on £10+ million wealth would generate £2,000+ per child per year.

@ocanica3184 7 дней назад

What the UK is suffering is not particularly new or unique and can just as easily be applied to most countries in western Europe. Was hoping for something a bit more naunced from Bloomberg. Also pleasee label your charts better.

@danielforrest2952 6 дней назад

I’m from the UK and my life has actually improved in the last 3-4 years I was worried about the winter the other year because of scaremongering over energy prices but actually when was all said and done it didn’t affect my life and at the moment me and mrs can actually afford fairly luxurious holidays I am ignorant to the way that the worlds economy works so I don’t know why I’m in the situation I’m in but I’m just an average UK worker who is currently doing ok and most the people I know are doing ok as well

@SunofYork 3 дня назад

@@danielforrest2952 Me too...I am rolling in lolly actually... All these liverpool dole moaners never change

@sebbie2e 4 часа назад

Productivity won’t improve if government punishes success and hustle by increasing taxes. And all we hear is “tax the rich”. Lots of them left in last few years, drain is enormous. “Let them go” I keep hearing. We are intentionally getting rid of most productive in the workforce. And then we ask for more taxes in rich. Like a death spiral.