From the Government's website "The first duty of the government is to keep citizens safe and the country secure" It can't even do this, they are letting 1,000s of random unknown men into the country every month, that are then free wonder around the country as they like. When they can't even get the most fundamental basic part of running a country right, what hope do they have of knowing how to run an economy.
It's comparable to shithole countries governments like Sri Lanka, Brazil, Venezuela, South Africa, Zimbabwe, etc. The level of corruption, lying MPs, crumbling services and roads are similar. In fact I would wager that there are far less potholes and better healthcare in the countries that I just mentioned than the UK.
It's either pure evil, as part of a Globalist plan to destroy our history - as Solzhenitsyn warned us of ... ...or... ...it's complete and utter incompetence.
Started at Brexit, £ devalued, imports and exports more expensive or more complicated, rise in energy prices, rise in interest rates, wages increases, all before Labour took power, the writing was on the wall 4 years ago it was going to happen with or without labour, it's like a steam train running out of rail and now it has.
The other side of that though is that to properly reduce taxes we will need to abandon the post WW2 welfare state, state pension and the NHS. Too many in the UK have a meltdown at the thought. They simply can't be afforded anymore.
@@PeacockRhino They could be afforded for decades. 14 years of Tories telling you they can't be any more and everyone falls for it. Sad. We're the sixth richest nation in the world (or thereabouts), we can afford whatever we choose to pay for as long as we give it priority. We just need to prioritise society above corporations.
What I don't understand is why Europe including UK just hasn't bounced back from 2008. Prior to 2008 EU had a GDP equally USA, now its like $8 trillion worse. Europe and UK are still failing from that financial crisis and I really don't know why.
@@cup1966wow Because we never fixed the system. We continued with mass migration, fractional reserve central banking, expensive wars, money offshoring, and didn't reduce the size of government expenditure.
This I agree with. Unfortunately we’re electing governments who can’t quite break this to us. The suggestion that it can be sorted quickly is naturally appealing but probably not realistic. Hope I’m wrong
@@wallace-bv4rl They need to get rid of the NHS and bring in high quality affordable healthcare, like France, That would save Trillions. Cut all foriegn aid, close the borders , ditch the minimum wage and axe benefits to even the 'disabled' and 'mentally ill' because most of them are on the fiddle, make them work. If NOT they have to put up income tax to 40% starting rate rising to 60% for middle earners 70% for the rich, their choice if they want to avoid going bust
Stop giving to them.. I stopped years ago They’ve all got CEO’s at the top taking millions a year, no one at the bottom that they tel you they’re “helping” actually sees any donation
@@jasondickens7868This was somewhat apparent just volunteering in a charity shop years ago. The whole place pretty much relied on one severely disabled guy. They wouldn't fix problems with the building that would increase productivity, but they'd whisk the manager off to London 1st class to look at flip charts. She hated it. I'm sure some people do get help, but there's most likely a lot of business school grifters living large on expense accounts and not achieving very much.
Yup so true... I used to work for a big charity and we had things like an all staff day, it costs 10s of thousands of pounds each time. Not to mention the CEO pay was crazy! £80k-250k. I honestly would not give most of them a penny. Look instead for local charities such as Hospices etc.
They’re a bunch of Marxist ideologues that will take us back to the 1970s. They haven’t a clue and the uk will be asking for a bailout within this term and we’ll all be paying for it.
the company i work for (i wont name but is huge & important works all over England) has stopped taking people on directly and now looks to take people on as subcontractors. the UK is cooked
I work for a large utility monopoly and we've been doing mostly the same for years. We only carry out a fraction of our own engineering works in house now too
@@mackieincsouthsea same but I work for a different utility I think. Don't wanna name it because they don't like anything negative about them put online and I ain't gonna get sacked... Not yet anyways.
@TheLinkedList no, subcontractors usually get paid more but that's because there's no pension/sick pay and a bunch of other stuff that gives the impression of costing more but being cheaper with the advantage of being able to say "we won't be needing your services in 2 weeks".
Thank you for always speaking the truth! The financial and political situation is deteriorating and this has an immense effect on people. It might sound bizarre but I can feel the tension in the air.
Are you in government job? Otherwise your job is in for chop. Join government job and sit back and collect the money. Work? Nah. You are guaranteed bonus too.
@@hotbeefo same, end of last year. Now looking at jobs it's all terrible money and asking me what gender I am from a drop down box of 20 options or asking me who I am sexually attracted to.
Great news having a dedicated channel just for us here in the UK. Especially with what's playing out with our inept government and our doomed economy if they continue.
I do a key job in construction which is identified as being a skill shortage. A year ago I got fed up with how much i was paying in tax. So instead I started up my own company from which I work for various employers on a contract basis. This is far more tax efficient and means I can earn more money (due to less tax) for less work. I only work around 4 days per week. The irony is that there is more than enough work for me to do and I could actually work 5 days a week however the tax penalty of increasing output (growth) is so high that it's not worth me doing it.
IR35 contractor here - I'm also going to have to up my rates to absorb the employer's NI cost and inflation this year, just to maintain the same spending power I had last year. I'm in a specialist industry and the end customer of my customer is the government. My time isn't cheap, but my direct customer is still going to want a margin on my time and the people paying for all of that will ultimately be the tax payer. Make that make sense.
Unless you work in specific sectors of finance or tech, the economy died for you in 2008. Since then its just been limping along, forced to rent with no option of progression.
Great idea, Sasha. I’m looking forward to this channel. I’m sure it will be full of great analysis, great insights, all combined with wit and humour, which is exactly what we need right now.
The pitch was overgrown and the pavilion was a neglected wreck but yeah, it’s “Labour’s fault”. The Tories were in power for 14 years and left the country in a mess.
Start buying Gold people. The fact that they have been keeping gold prices down for years and they are running out of gold to sell means that it will be put of their control and will move at an extraordinary rate. You thought BitCoin was doing well but Gold is where its at. Buy something you can hold in your hand
@manmaje3596 this is the reason to buy gold now, governments have been selling gold to keep the price low. The US is running out of gold so won't be able to keep selling to keep the price low. The price of gold will explode in the next 5 years to prices you won't believe is possible. Swap your dollars/pounds in the bank for gold in your hand otherwise your dollar/pounds will be worth next to nothing.
Of course I'll subscribe to your new channel! Always a down-to-earth take on events, and a valued insight into the hidden depths that few dare to investigate. Thanks for enlightening us all, and for sharing your views. Good luck with the new channel!
Any content in the future on the good news with the UK economy ? Even if its a parody, just need something to laugh about p.s. Sasha ! Love your content !
I appreciate the detailed analysis... And that your not just showing a slow-motion train wreck as the video as thats the perfect metaphor for what is going on.
Why don't politicians listen to the businesses? Why are they sticking their fingers in their ears and going "la la la, can't hear you, going to increase the taxes anyway"? Why are so insistent upon continuing down the wrong pathway?
Your takes are brilliant compared to the mainstream media! My family have a few businesses up in Scotland, around 30 staff. we have never had such doubt about the future of our business. There is such little help for the smaller firms
Its actually bizarre that 28 years ago I worked in RS McColls a newsagents and made 3.12 an hour , the wages in this country are a fkn joke , we dont get paid enough , should be 20 pounds minumum wage !!!! .
That's only because the M2 supply of money has devalued the pound so much. Blame government spending and borrowing. The government expects businesses to also magic money into existence
@@Korwin_Mikke23 Yeah , heard it all before they said the exact same thing in 1997 when the minimum wage came in , business would be destroyed blah blah blah ... funny they survived .....
Raising wages doesn't work, it just inflates assets and service costs. Imagine how much a coffee is going to cost at Starbucks if staff are on £20 an hour.
Huge triple boost minimum wage is a joke! This is already making those in low level management roles consider stepping down... So it will push wages across the board 🤦♂️
Love the focus of the new channel. Outstanding as usual. Easily the best commentary on current affairs on utube. It's so much fun being British right now - duh
I feel like you can't win with these corporations. they increased prices well above inflation before these new taxes and reduced staff and pay citing they had small profit margins which was untrue for some corporations; now after the taxes they do the exact same thing but now have a genuine excuse to do it unlike before.
If only there were something simple immensely popular we could do that would lower house prices and rents, reduce the level of crime, free up social housing, reduce the NHS burden, reduce energy costs by lowering total demand, decongest our motorways, reduce government welfare spending, increase societal trust. If only...
The increase in Employers NIC is a tax on business and employment which will cause jobs to be lost. Ironically by contrast the average wage worker in the U.K. is actually only paying a marginal tax rate of 28% on their earnings ( basic rate tax 20% and employee NIC 8% This is quite low by past UK historical standards where for example tax rates on average earnings were 34% when Mrs Thatcher left office. The harsh truth for the British politicians and for British people is that governments will either have to drastically cut public spending or ordinary British people will have to pay more in tax and VAT. Simply dumping the burden on business or the very rich will just encourage them to leave the U.K. Of course that may mean breaking one of the tax taboos of the past 40 years which is that basic rate income tax on wages and pensions will only ever go down.
They could stop paying internal interest as no other country does that. They stop Net Zero and the duties of that. Cut corp tax (or ladder it to company size). Sort out the boat immigrants cost. Strip out waste in the NHS. There's loads of things they can do but they aren't going to because we aren't a serious country.
But by increasing the minimum wage by up to 18%, those workers on higher wages will see the gap between their reward and those who are on minimum wage narrowing. They will be justified in expecting a wage increase too to maintain their wage differential. Now add in increasing NI costs to the employer and it just doesn’t bear thinking about. The cost of living needs to decrease, lead by more housing, reducing energy costs and increasing the income level at which tax is due. The government needs to reduce its spending by finding major cuts across all divisions and stopping unnecessary ‘glory projects’ like HS2! We’re in a big mess with incompetent leaders looking at solutions.
When a country is so broken you need a separate channel for it to explain the problems
😆
this made me chuckle
Haha I would imagine that his real thoughts would demonetise his normal channel!
hahaha underrated comment
😂😂😂
UK Gov is an absolute shit-show..
Has been for decades 😢
@ you’re not wrong there 🫠
You should all elect me,
"I can't do any worse" would be my slogan.
From the Government's website "The first duty of the government is to keep citizens safe and the country secure"
It can't even do this, they are letting 1,000s of random unknown men into the country every month, that are then free wonder around the country as they like.
When they can't even get the most fundamental basic part of running a country right, what hope do they have of knowing how to run an economy.
It's comparable to shithole countries governments like Sri Lanka, Brazil, Venezuela, South Africa, Zimbabwe, etc. The level of corruption, lying MPs, crumbling services and roads are similar. In fact I would wager that there are far less potholes and better healthcare in the countries that I just mentioned than the UK.
Raising Employer's Nics and Business Rates was guaranteed to cause a recession and destroy the High Street.
This must have been deliberate.
It's either pure evil, as part of a Globalist plan to destroy our history - as Solzhenitsyn warned us of ...
...or...
...it's complete and utter incompetence.
Started at Brexit, £ devalued, imports and exports more expensive or more complicated, rise in energy prices, rise in interest rates, wages increases, all before Labour took power, the writing was on the wall 4 years ago it was going to happen with or without labour, it's like a steam train running out of rail and now it has.
@indiannajames8428 I agree.
It is just that Labour had the chance to address this and chose not to.
@@stephfoxwell4620 I would be really interested on what the solution should have been or more importantly could be the way to go forward.
Breaking news: Increasing taxes does not cause an economy to grow. In other news: Water is wet.
Didn’t you hear, this time it’ll be totally different than all the other failed times. 🤣
Breaking news: cutting taxes on billionaires does not trickle down wealth to everybody else. In other news: the Pope is Catholic.
The other side of that though is that to properly reduce taxes we will need to abandon the post WW2 welfare state, state pension and the NHS. Too many in the UK have a meltdown at the thought. They simply can't be afforded anymore.
@@PeacockRhino They could be afforded for decades. 14 years of Tories telling you they can't be any more and everyone falls for it. Sad.
We're the sixth richest nation in the world (or thereabouts), we can afford whatever we choose to pay for as long as we give it priority. We just need to prioritise society above corporations.
@@BittermanAndyare you saying that all a government has to do is set high taxes and then we have a good economy?
Why has no one ever done this before?
The 16 year uk economic trainwreck continues... Good to see an economic program focusing on the UK, subscribed!
👍
16 years? More like 28 years
What I don't understand is why Europe including UK just hasn't bounced back from 2008. Prior to 2008 EU had a GDP equally USA, now its like $8 trillion worse. Europe and UK are still failing from that financial crisis and I really don't know why.
*Choo-Chooo------> 💥*
@@cup1966wow Because we never fixed the system. We continued with mass migration, fractional reserve central banking, expensive wars, money offshoring, and didn't reduce the size of government expenditure.
When Reeves says growth she means growth of the government not of the general economy…
Country is so wrecked at the moment and it’s not going to get better for a long time. Thanks for doing what you do Sasha
This I agree with. Unfortunately we’re electing governments who can’t quite break this to us. The suggestion that it can be sorted quickly is naturally appealing but probably not realistic. Hope I’m wrong
@@wallace-bv4rltotally agree mate
@@wallace-bv4rlthere's a lot of idiots involved lol
@@wallace-bv4rlreverse brexit but nobody will go near it. It’s a massive root cause of the UK’s pain.
@@wallace-bv4rl They need to get rid of the NHS and bring in high quality affordable healthcare, like France, That would save Trillions. Cut all foriegn aid, close the borders , ditch the minimum wage and axe benefits to even the 'disabled' and 'mentally ill' because most of them are on the fiddle, make them work. If NOT they have to put up income tax to 40% starting rate rising to 60% for middle earners 70% for the rich, their choice if they want to avoid going bust
"Businesses are not charities". The same can be said about charities: in the recent years in the UK they became businesses.
Stop giving to them.. I stopped years ago
They’ve all got CEO’s at the top taking millions a year, no one at the bottom that they tel you they’re “helping” actually sees any donation
@@jasondickens7868This was somewhat apparent just volunteering in a charity shop years ago. The whole place pretty much relied on one severely disabled guy. They wouldn't fix problems with the building that would increase productivity, but they'd whisk the manager off to London 1st class to look at flip charts. She hated it.
I'm sure some people do get help, but there's most likely a lot of business school grifters living large on expense accounts and not achieving very much.
Yup so true... I used to work for a big charity and we had things like an all staff day, it costs 10s of thousands of pounds each time. Not to mention the CEO pay was crazy! £80k-250k. I honestly would not give most of them a penny. Look instead for local charities such as Hospices etc.
These idiots had 14 years to make a plan, yet have less ideas than my cat. It’s a 💩 show
The Tory party were not oncervatives. Labour does not represent the working class. North is south. Up is down. We are f**ked!
They last had any ideas when they were in the 6th form.
Not 14 yrs. Kier wasn't there then. JC had decent policys though.
@@nadimovitch9237The party is labour not KS or JC
They’re a bunch of Marxist ideologues that will take us back to the 1970s. They haven’t a clue and the uk will be asking for a bailout within this term and we’ll all be paying for it.
Welcome to my new channel focused on the UK Economy. Please remember to subscribe!
Appreciate you making content on the Uk Sasha, you’re a good man.
Well done on the first 1000 subscribers. 👍
50k subs by summer
Congrats on the new channel … keep up the great work 🎉👍👍
@@Simonpocarroll 5.3k in less than 12 hours!
the company i work for (i wont name but is huge & important works all over England) has stopped taking people on directly and now looks to take people on as subcontractors. the UK is cooked
Same thing happening all over the place!
I work for a large utility monopoly and we've been doing mostly the same for years. We only carry out a fraction of our own engineering works in house now too
@@mackieincsouthsea same but I work for a different utility I think. Don't wanna name it because they don't like anything negative about them put online and I ain't gonna get sacked... Not yet anyways.
Forgive if I'm being naive, but doesn't subcontracting end up being MORE expensive in the long run - unless it's cheap foreign labour?
@TheLinkedList no, subcontractors usually get paid more but that's because there's no pension/sick pay and a bunch of other stuff that gives the impression of costing more but being cheaper with the advantage of being able to say "we won't be needing your services in 2 weeks".
Great idea to have a UK focused channel, looking forward to more content like this - you have, alas, plenty of material!
😂😂😂
Thank you for always speaking the truth! The financial and political situation is deteriorating and this has an immense effect on people. It might sound bizarre but I can feel the tension in the air.
The company i working for (big chain with 30+ hotels) just reduced every of their workers hours from 40h/weeks to 35h/weeks.
Every western nation is fucked but the UK is most certainly and especially actually fucked 😂
At this rate I’m just hoping I’ll be able to hold onto my job through the Labour administration.
I'm already out the door sadly
Are you in government job? Otherwise your job is in for chop. Join government job and sit back and collect the money. Work? Nah. You are guaranteed bonus too.
@@FreaksSpeaks When the socialist government fallls and the UK falls then the cushy non jobs at the government depts will go
@@hotbeefo same, end of last year. Now looking at jobs it's all terrible money and asking me what gender I am from a drop down box of 20 options or asking me who I am sexually attracted to.
Rachel from accounts hasn't made a mistake. It's deliberate.
UNCLE KLAUS!
@wyndhamhewlett8223 uncle gates and uncle soros.
Here to support the new channel and watch you break down our sinking ship. Keep up the good content
Welcome!! 🤗
As a small business owner. It’s all going to hell in a hand basket.
Yes Sasha - the channel I didn’t know I needed🎉
Great news having a dedicated channel just for us here in the UK. Especially with what's playing out with our inept government and our doomed economy if they continue.
Hello from Scotland!! 🏴
I do a key job in construction which is identified as being a skill shortage. A year ago I got fed up with how much i was paying in tax. So instead I started up my own company from which I work for various employers on a contract basis. This is far more tax efficient and means I can earn more money (due to less tax) for less work. I only work around 4 days per week. The irony is that there is more than enough work for me to do and I could actually work 5 days a week however the tax penalty of increasing output (growth) is so high that it's not worth me doing it.
Happy if you could furnish me further insight
I am a Chartered Civil Engineer who works in Housebuilding and Infrastructure construction.
Great to have a UK dedicated channel, thanks Sasha.
Here to see how fucked we all are. Thanks Sasha
Haha! Enjoy!!
Haha same for me, this made me giggle, gotta laugh things off otherwise we’ll all go crazy
😂😂👌👍👍
IR35 contractor here - I'm also going to have to up my rates to absorb the employer's NI cost and inflation this year, just to maintain the same spending power I had last year. I'm in a specialist industry and the end customer of my customer is the government. My time isn't cheap, but my direct customer is still going to want a margin on my time and the people paying for all of that will ultimately be the tax payer. Make that make sense.
I can do that. So, people voted for Lib/Lab/Con, people got grooming gangs and an economy in free fall.
Make that make sense.
Thanks for starting this. Hopefully it gets big enough they begin to listen to your advice as they seriously need to
A much needed little sashay to, and for, the UK, well done Sasha. subbed.
You would have to be mad to start a business in the uk with the ridiculous tax burden!
Good luck Sasha
I feel like you are the violinist and we are on the Titanic 😂😢
Will keep on playing!!
he is and we are
Had to subscribe!
As always, love the content Sasha, just a shame it’s a horrible reality for those within the UK.
They are expecting a Recession?
Don't you mean they are expected the ongoing Recession that began in 2008 to get even worse?
We’ve definitely been in a recession this past year
Most places outside of London never got out of recession since 2008. Large parts of Northern England and Scotland are not far off derelict wastelands.
Unless you work in specific sectors of finance or tech, the economy died for you in 2008. Since then its just been limping along, forced to rent with no option of progression.
Great initistive, Sasha! I am looking forward to following you on this. Always thought we needed more insights from you on the UK.🎉👍🎊
And ….thank YOU so much for your knowledge.Will keep watching and may your channels go from strength to strength …..unlike the uk economy !!
Great idea, Sasha. I’m looking forward to this channel. I’m sure it will be full of great analysis, great insights, all combined with wit and humour, which is exactly what we need right now.
Things haven’t improved one bit since 2008.
YAS! ❤❤ Love the idea of the UK dedicated channel
Well there you go!!
Thank you Sasha ❤
Love your no punches pulled analysis. Keep up the great work
what a surprise Labour fumbled the ball! Such a surprise to nobody!
The pitch was overgrown and the pavilion was a neglected wreck but yeah, it’s “Labour’s fault”.
The Tories were in power for 14 years and left the country in a mess.
Thank you, Sasha!
Looking forward to growing this new channel!
Subscribed the UK needs you
Will be a lot of content coming here!
Great new channel.
Worrying situation for UK plc 😢
Start buying Gold people. The fact that they have been keeping gold prices down for years and they are running out of gold to sell means that it will be put of their control and will move at an extraordinary rate. You thought BitCoin was doing well but Gold is where its at. Buy something you can hold in your hand
There is a finite amount of gold. This is why we had to move away from the gold standard.
@manmaje3596 this is the reason to buy gold now, governments have been selling gold to keep the price low. The US is running out of gold so won't be able to keep selling to keep the price low. The price of gold will explode in the next 5 years to prices you won't believe is possible. Swap your dollars/pounds in the bank for gold in your hand otherwise your dollar/pounds will be worth next to nothing.
Thanks, just what I was looking for, thanks Sasha
Thanks for a UK dedicated channel!
My pleasure! :D
@@SashaTakesOnUKonly if you enjoy making constipated face thumbnails 😂
@@SashaTakesOnUK hope it really is a pleasure, you have a great way of presenting things, Thanks
Top man! thank you from Polish person living in the UK.
Thank you Sasha, brilliant as always. Doublethink exuded by the ruling class becomes abhorrent.
🙏🙏🙏
Of course I'll subscribe to your new channel! Always a down-to-earth take on events, and a valued insight into the hidden depths that few dare to investigate. Thanks for enlightening us all, and for sharing your views. Good luck with the new channel!
Thank you so much! Hope you find the new channel helpful!
Idea, be good to see you Gary and Damien discuss.
Kinda overdue for a Damo collab!
This would be great
About a year ago Sasha was a guest on the Making Money podcast, which is owned by Damo. Gary also made an appearance there last year.
Be an award winner 👍👍
@@RatgibbonI’m going to guess the OP already knew this which was why he made the comment, duh
Good information, thank you. Good luck with this channel, it's looking good at this early stage.
Subbed. Thanks for doing this, gives you more space in each posting so all good from this end.
Exactly! 👍
Subscribed. Cannot wait to hear about your suggested solutions 😊
Should be interesting!
Great content as always. Thanks Sasha 🎉
Any content in the future on the good news with the UK economy ? Even if its a parody, just need something to laugh about p.s. Sasha ! Love your content !
I like to call you the British Meet Kevin!! Love the content!
Dident most businesses say the same thing before the implementation of the minimum wage in the UK? Not much happend after
I mostly watch your stuff for your UK updates so this is an absolute touch. 🎉
Looking forward to more of your insights as always! Cheers Sasha
Oh you will definitely get MORE :)
Thank you, Sasha
Great informative facts as usual. I really enjoy your no nonsense content and presentation.
All the best
Love the new channel, Sasha.
I just wanted to say thank you Sasha for your hard work! I learned a lot from your content!
Thanks!
Sasha, keep up the good work.
So glad youve got a uk spesific channel. Thanks dawg
Another great video. Thank you. 🙏🏼
Great work Sasha 👍🏻
Thanks for a channel keeping us here in the UK up to date with the truth 👍
Thanks again Sasha🙄.
Hello, I welcome the in depth UK channel
Thanks for this channel 🙌
Great content as always. Thank you.
Going to be a lot more content coming up shortly!
Great first video on the new channel Sasha - thanks!
Thank you Sasha! Excellent as always! 🙏🏻
I appreciate the detailed analysis... And that your not just showing a slow-motion train wreck as the video as thats the perfect metaphor for what is going on.
Good luck with the new channel Sasha!
My employer (5k staff) is using far east for cheaper labour. I have worked in other similar companies which also doing this.
Will be enjoying this channel. All the best.
Why don't politicians listen to the businesses? Why are they sticking their fingers in their ears and going "la la la, can't hear you, going to increase the taxes anyway"? Why are so insistent upon continuing down the wrong pathway?
Thanks Sasha.
Thanks Sasha ❤
Thanks for watching!
Great move Sasha! ❤ your videos!
Thanks mate :)
Your takes are brilliant compared to the mainstream media! My family have a few businesses up in Scotland, around 30 staff. we have never had such doubt about the future of our business. There is such little help for the smaller firms
Love your work, subscribed!
Its actually bizarre that 28 years ago I worked in RS McColls a newsagents and made 3.12 an hour , the wages in this country are a fkn joke , we dont get paid enough , should be 20 pounds minumum wage !!!! .
That's only because the M2 supply of money has devalued the pound so much. Blame government spending and borrowing. The government expects businesses to also magic money into existence
How many jobs would £20 an hour minimum wage destroy?
@@Korwin_Mikke23 Yeah , heard it all before they said the exact same thing in 1997 when the minimum wage came in , business would be destroyed blah blah blah ... funny they survived .....
Raising wages doesn't work, it just inflates assets and service costs.
Imagine how much a coffee is going to cost at Starbucks if staff are on £20 an hour.
@@johngrey9200
What effect would raising the minimum wage to £20 an hour have on the economy?
Would it not raise the prices of goods and services?
Huge triple boost minimum wage is a joke! This is already making those in low level management roles consider stepping down... So it will push wages across the board 🤦♂️
It suggests a huge hike on earnings tax to me
@Christina-g4s Don't need too... Fiscal drag is seeing to that alone!
Love the focus of the new channel. Outstanding as usual. Easily the best commentary on current affairs on utube. It's so much fun being British right now - duh
I feel like you can't win with these corporations. they increased prices well above inflation before these new taxes and reduced staff and pay citing they had small profit margins which was untrue for some corporations; now after the taxes they do the exact same thing but now have a genuine excuse to do it unlike before.
What do you expect with a Labour government.
The previous lot were atrocious too. It's actually pretty amazing that this lot are managing to somehow do even worse.
@SashaTakesOnUK I absolutely hate the Conservatives and Labour
That Bank of England comparison for Interest Rates/Inflation (8:08) being guff really highlights the need for 'financial tour guides' these times! 👍🏻
You said; "the amount of money the government earns in taxes".
The government earns nothing.
*Steals
Great stuff as usual!!
If only there were something simple immensely popular we could do that would lower house prices and rents, reduce the level of crime, free up social housing, reduce the NHS burden, reduce energy costs by lowering total demand, decongest our motorways, reduce government welfare spending, increase societal trust. If only...
The increase in Employers NIC is a tax on business and employment which will cause jobs to be lost. Ironically by contrast the average wage worker in the U.K. is actually only paying a marginal tax rate of 28% on their earnings ( basic rate tax 20% and employee NIC 8% This is quite low by past UK historical standards where for example tax rates on average earnings were 34% when Mrs Thatcher left office. The harsh truth for the British politicians and for British people is that governments will either have to drastically cut public spending or ordinary British people will have to pay more in tax and VAT. Simply dumping the burden on business or the very rich will just encourage them to leave the U.K. Of course that may mean breaking one of the tax taboos of the past 40 years which is that basic rate income tax on wages and pensions will only ever go down.
They could stop paying internal interest as no other country does that. They stop Net Zero and the duties of that. Cut corp tax (or ladder it to company size). Sort out the boat immigrants cost. Strip out waste in the NHS. There's loads of things they can do but they aren't going to because we aren't a serious country.
Love to you Sasha and Doggo, keep up the great work ❤
Recession has been on the cards anyway with all the indicators worsening. Labour’s tax budget has expedited the inevitable, the nail in the coffin.
NEW SUB. WAS LOOKING FORWARD TO THIS, UK BASED OPINIONS. NICE ONE MATE
There you go!
But by increasing the minimum wage by up to 18%, those workers on higher wages will see the gap between their reward and those who are on minimum wage narrowing. They will be justified in expecting a wage increase too to maintain their wage differential. Now add in increasing NI costs to the employer and it just doesn’t bear thinking about. The cost of living needs to decrease, lead by more housing, reducing energy costs and increasing the income level at which tax is due. The government needs to reduce its spending by finding major cuts across all divisions and stopping unnecessary ‘glory projects’ like HS2! We’re in a big mess with incompetent leaders looking at solutions.
Finland raised taxes two years ago and tax yield dropped. Our governments solution? More taxes
Great to see a UK centric channel. I love feeling depressed at your content 😂 subbed
LMAO!!