Economy: Interest rates cut but UK growth forecast slashed
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- เผยแพร่เมื่อ 10 ก.พ. 2025
- The cut to the base lending rate from the Bank of England was expected. It's now down to 4.5 per cent from 4.75.
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What wasn't expected was its gloomy forecast for growth, meaning we could be skirting very close to recession right now.
And there's a warning of a nasty surprise with inflation.
We’ve been in Bristol hearing from a small business about how confident they’re feeling about the economy.
Pathetic pay rises since 2008, every car driven on cheap pcp, everything on subscription, crazy taxes - we have been in a recession for a good few years to be fair
yes, in real terms with have. They are very quick at saying GDP has increased 0.2% while inflation is above 2%.
@@TheFrenzy1978 one reason they have allowed mass migration is to increase the GDP but it's came at the cost of GDP per capita.
Been skint since 1945
Bank of England has said there is zero growth and the inflation rate is expected to increase to 3.7% from 2.5%. How come people gonna have more money in their pocket?
@@TheWeedallsthe main reason the Tories increased migration is that Brexit caused drastic staff shortages.
We need a complete audit.
How are we paying so much for so little?
So little food for so much cash because the bank (federal reserve) stole our stash.
Land. Rents. Lack of competition between firms.
We don't produce it
Have you seen what we send to Israel? The government paid reparations which makes no sense
In the past: Strong production of goods, farming, technologies plus rhe wealth coming from robbed colonies. With a lot of smart people wanting to do business and more busisness.
Currently: No growth in production of goods, reliance on services from foreign industries, no new technologies or interest to invest in it. Stupid people and kids that vape all day and that are lazy and depend on government grants. No more colonies to rob.
And what? You all blamed immigrants which boosted economy.
Now you have Brexit your own english people which are stupid, lazy and that only complains but so nothing to change this situation.
Welcome to the UK.
Did we ever really recover from the 2008 financial crisis?
It doesn't feel like it. Ever since that point everything has just been declining.
To answer your question-no we haven’t.
The stats back this up.
That’s what happens when you bail out the ones who caused the crash, and cut investing in the ones who were already going to feel the pain anyway. There were 2 battles to be had, but they made us fight both
I agree, the problem has been covered up since then
no, we are also about 17 years behind in terms of wages
No. Austerity was the worst thing we could have done and just prolonged the crisis.
Weve been in recession since 2008 ffs.
💯%
Yep!
Almost _everywhere_ upon these most Wretched of Isles has been in a never ending since the Bankster Crash of 2008. Unironically its been that very same Bankster Industry that recovered the quickest and has been making out like Bandits ever Day since. Democrazy?
Yeah, we regulated the banks too much. They are not lending money to businesses, so we're seeing no growth.
@ lol…no. “Regulated”! 🤣. Irregular is the new regular!
Inflation and ‘cost of living crisis’ are signs of a failing system
This is the fall of global Rome. The supply lines have been over extended and they have been “clipping coins” ever since the abolishment of the gold standard in the U.S. The value of one’s labor (currency) has been in decline since WWII and has only gotten worse.
Too many taking out of the system!
@@jeffsmith3392 Cut the welfare then.
@@PhilosophicalZombieHunter exactly! Starting with anyone claiming anxiety depression or bad back.
In the past: Strong production of goods, farming, technologies plus rhe wealth coming from robbed colonies. With a lot of smart people wanting to do business and more busisness.
Currently: No growth in production of goods, reliance on services from foreign industries, no new technologies or interest to invest in it. Stupid people and kids that vape all day and that are lazy and depend on government grants. No more colonies to rob.
And what? You all blamed immigrants which boosted economy.
Now you have Brexit your own english people which are stupid, lazy and that only complains but so nothing to change this situation.
Welcome to the UK.
Please talk about inequality. The rich are getting richer while the rest of us are getting poorer. Growth will mean nothing if it doesn't benefit the people
Do more then.
@allykhan8594 ?
@@Jack-tk3ub that’s mass immigration for you, driving down GDP per head.
Fair point! The gap is too big
@@allykhan8594 And still be unrewarded? We get no security for our work, we are bidding against private equity, oligarchs and the ultra wealthy just for a home to have stability for a family.
For most of us in Manchester. We never came out of recession
Manchester is already in a third world level poverty line. Sad indeed.
You need to invest in gold and silver do no sell wait until the pound isn’t working anymore an you’ll be okay
outside of the SE
Where is Manchester? Is it worth living there
@@RRedmondiy43it's near Newcastle
The UK is economy is collapsing, we are in financial ruin and there are rising taxes due to a combination of 4 reasons:
1. Recession in 2008/2009 - Leading to government borrowing, bank bailouts and austerity measures . Due to austerity measures, there has been a lack investment in the NHS and public services since 2008/09. This lack of investment has now caught up with us as its effect has been more noticeable in recent years. Back in 2007, the UK was one of the worlds strongest economists predicted our GDP would grow 3% per year. Also in 2007, £1 was worth around $2. From around 1997 until 2009, the UK economy was stronger than any other G7 country. It took the UK until around 2020 for the UK economy to go back to 2007 levels. To give you an indication of how bad this recession was, the UK government debt as a percentage of GDP before the recession was 41%. In 2012 this jumped to 83% and right now is greater than 98% !
2. Brexit - Resentment from the recession played a part in false stories told by ministers to gain voter support. Economists and analysts at Cambridge Econometrics found that, by 2035, the UK is anticipated to have three million fewer jobs, 32% lower investment, 5% lower exports and 16% lower imports, than it would have had been. The report states that the UK will be £311bn worse off by 2035 due to leaving EU. The government borrowed more money to pay the divorce bill triggering markets to believe if we could ever pay this back, so the value of the pound dropped, inflation increased. Up until Brexit in 2020 the UK had year-on-year GDP growth. However, the GDP growth from 2008/09 to 2020 is a false picture as the growth in these years was due to austerity measures. Brexit made our situation much, much worser. Our politicians lied to the public e.g. Boris Bus, blaming migrants, we will be better off after Brexit and our economy will recover due to UK trade-deals etc. The economic risk due to Brexit was huge and then Covid happened.
3. Covid - The government borrowed more money again as we had to bail out the whole economy. There was massive drop in GDP again and it crashed, all business were shutting down. The UK is the only G7 country to never economically recover after covid. Yes, we had coronavirus vaccination costs, support schemes, grant and loans but all European countries did similar (apart from furloughing the nation cost) and the whole world was in the same boat. Let’s not forget the PPE scandal, bounce back loan fraud, eat-out-to-help-out and ministers holding shares in vaccination firms.
4. Political mismanagement in all of the above - constant leadership changes, rising crime rates. UK government borrowing is out control leading to higher inflation and rising taxes. High streets in some areas are like a ghost town, Debenhams etc has gone. National wages have stagnated across the country. Home ownership is a right only reserved for the rich. Less and less deposable income for the average Brit. The government appears to be nothing to prevent the average Brit from becoming poorer.
Russia/Ukraine conflict, I’m excluding from the 4 reasons as all European countries are in the same boat, other European countries are more impacted as they rely greater than UK on Russian gas and trade.
I can write even more but getting angry whilst typing. The UK is in a complete and utter mess. We are in cost of living crisis. The government doesn’t have enough money and neither does the public. It will take one or two generations not years to fix it.
You are touching on some real economic challenges, but some claims are exaggerated or lack nuance. Brexit, COVID, and austerity all had major impacts, but the UK isn’t in total collapse. The situation is serious, but recovery is still possible with the right policies.
Collapse is overstating it. There are plays available, there’s a lack of funds for any of them.
Leaving the EU was the biggest preventable mistake. Covid mismanagement / inefficiency the other. The rest was unavoidable.
A light imposition that pension funds must invest 5% in UK assets classes would help - that doesn’t impact diversification and if anything, they’re all over exposed to the US market.
Rejoining the EU would be great but no one has the gonads for the fight.
Housebuilding. Invest, it has ROI above gilt yields. Two birds with one stone.
AI to improve productivity, particularly in the public sector.
Use the North Sea oil and crown estates to create a sovereign wealth fund on a Norway model.
Increase the retirement age slowly and encourage/impose greater use of private pensions. Public pensions will be worthless for most by the time they retire. It’s paid for with Excel money printing trickery. Then more needs to be printed for this triple lock stuff.
Simplify the tax system.
Renewal investments - good ROI, help meet tech data centre requirements / reduce those costs. Partner with big tech and energy for capital.
Obligatory mention of NHS reform. More preventative to reduce costs down the road, AI etc.
Lastly council tax reform. Too much is reliant on councils locally, they’ve reduced buying power, processes are different all over the place, leading to inefficiency and waste. Potholes should all be centralised and managed for example.
Very well said. Thanks.
I feel your frustration and the chain of bad events and progressively wrong decisions that keeps catalysing the chaotic fall of what should be a great country
Trillions lost on stupid wars.
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.
Thats sad you really hurting. But, what about people that don't have a $1000 dollars or living pay check to pay check. And Kamala taking their tax dollars to feed illegals, Medicare and social security. And to mention $25,000 to build a home. Maybe you should give them several grand of that $680, 000 to build them a home. Vote Trump and fix the problem.
You make a really good argument. When I first began investing on my own, the market was really taking advantage of me. Despite my initial skepticism, I hired a CFA, and I outperformed the market by over 9%. Until it occurred twice in a row, I believed it to be an anomaly, therefore I've continued to buy through an analyst.
Could you possibly recommend a CFA you've consulted with?
Her name is Jessica Dawn Walters . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Ordinary people have far less money to spend on goods and services than ever.
The main reason is the cost of housing. 3 to 4 times a wage 30 yrs ago.
It's now about 8 times a wage.
All those interest payments going to those who continue to horde wealth and collect assets.
This has to be the longest Recession in history! Bankers and corporations as greedy as ever!
I cant put any trust in your cash gobbling words.
Ofcourse AI would benefit banks, which means they can lay off even more people 🤬
The UK, like the rest of Europe, peaked around the mid to late 90's. It's been all downhill since then, and unfortunately it seems like it will get much worse.
Utter bullshit! You neighbour Ireland is the 2nd richest country in the world 🌎
Their economy is already up on last year's growth.
The rest of europe is a lot better off than the uk. For instance the netherlands where I live
@@drunkensailor112
That's why right-wing nationalism is on the brink of power. It's a sign of how well the rest of Europe is doing.
That's why there was a national strike in Italy November 2024. That's why the German and French governments have little to no democratic legitimacy.
@@drunkensailor112 is it really? the prices compared with salaries are not that good either
@@agustinarcusa7696 salaries in the netherlands have risen harder than inflation.
When is it not? Austerity is a national sport in the UK.
Thats beacause were skint as a nation, simples.
No such thing as austerity in the UK.
@@Bungle-UK well, it's always the policy chosen by consecutive UK governments. So there's that...
@@michaelmoran1964 always.
@@michaelmoran1964 We're not skint, public money's just being frittered away! UK taxes bring in about £40k per household! and the government manage to spend £45k per household!
Energy bills here in France went down on 1st February 2025, not up.
Mass Nuclear Power
Energy in France is already so expensive to begin with. It’s like 3 times higher than in America
Turning them thar control knobs… ⚡️
Mmm….how much did it go down compared to the inflation baseline since the 2008 GFC? 🤔
It barely went down to 2023 levels (which thus remain much higher than 4 years ago), and a further 8 to 9% increase is planned already next year...
I’ve shut my business down after 12 years. I got a job & im making £1 more than minimum wage though I won’t get an equivalent rise when minimum wage rises in April which is really bad I think.
Welcome to globalism
You havnt seen nothing yet wait till april and beyond mass layoffs
Yeah, under the guise of back in the office or else 😂😂.
The new NI charges come in in April,in other words a jobs tax…….things can only get worse
I emailed my MP about food prices. The big supermarkets are absolute pisstakers. 3billion profits at Tesco?
What do you think the MP is going to do, because the MP isn't going to act on your email, and you will get an automated reply. You will need to find a way to improve your salary if food prices are causing you issues.
Food prices in the UK are already lower than many parts of Europe, thanks to the competition of big supermarkets between each other. Try going to Portugal, a poor country already, but where a equivalent shop will cost almost twice as much as from a major supermarket in the UK.
@JakobAungiers sorry to hear that but its the UK we are talking about. Supermarkets here are putting prices up for no reason whatsoever.
A lot of that isn't due to the food of which is very low margin, most of that is through their land and property trading.
They aquire land and building distribution and stores which they can raise capital against, the food services property.
Bit like McDonalds, they don't make money from burgers, it's all about the land.
All Bailey’s forecasts have been wrong.
Bingo!
Yet he's still allowed to drive the economy onto the rocks. And rip us all off in the process.
Productivity is more about quality of life. If you are sick, afraid, tired or dismotivated by inequality, productivity declines. It isn't just investment, your people have to feel that they should work hard for a system that will reward them, rather than making the number go up for a small number of very rich people.
The fundamental issue is that we put all our eggs in one basket. Once housing became a commodity, the writing was on the wall. Owning property and speculating on real estate have diverted most productive capital into this sector-one that offers little real benefit to the broader economy. Yes, homeowners, particularly those who bought 10-20 years ago, may now sit on significant assets. But in terms of productivity and long-term economic growth, this approach has contributed little.
This is a widespread issue across the English-speaking world. The UK is in turmoil, Canada and the US are drowning in uncontrollable debt, Australia fares no better, and even New Zealand is seeing its citizens flee in search of better opportunities.
We need to redirect this capital into more productive areas-green technology, infrastructure, innovation, and education-investments that drive sustainable growth rather than inflate asset bubbles.
Yes, the 1990s gave us a few good years, but we are now paying the price. Add to that Brexit, low economic output, weak productivity, and mounting debt, and we find ourselves in a downward spiral-one that, if not addressed, could become terminal.
Well said.Major problem is deindustrialisation,asset stripping and no energy production security.Im pessimistic about the future
The sooner these clowns are out of office the better.
Replaced by who?Think the West got lazy,decadent, corrupt and soft.Racking my brains for solutions
And bring in who lol..
That’s the thing who will come in ? Why can actual economists run the economy literally reminds me of yes minister
They cut interest rates. Because April is Looming. Thats when Council Tax is Increased, Water Rates will Increase by 14%, Energy Cost set to Rise by 4% or More. Then the Cherry on the Cake. Employers National Insurance Increase. That will be passed on to Everyone in the UK via Increased Prices. Nothing more than a Stealth Tax on Everyone. Along with the Cost to Employers of Minimum Wage Increase. Result Depressed Market, Recession, Zero Growth, No Investment into the UK, Rise in Unemployment and an Increase in Inflation. Everything that makes the People Poorer and Creates Poverty.
And local elections cancelled.. bit weird innit
Tying the laces on their concrete boots , off we go our economy is going to TANK and they’ll all be looking around like who would’ve thought 🤷♂️
How much longer is everyone able to endure weathering the storm?
You lot love to shut yourselves in the foot , so perhaps a long time. Leaving the EU, voting in the conservatives for 14 years whilst allowing them to fully destroy the country, and now having a love affair with the fascists.
The answer is a long time.
I’d say another 100 years should do it 😮
The storm being deepening wealth inequality? Probably a long time, we're British. Heaven forbid we eat some of the rich.
At this point I'm not actually sure anymore what the purpose of the governor of the central bank is. He's evasive and non-accountable
Why can’t we get our energy from Russia. It will sort out our inflation issues and help with growth
Why do we give money to Ukraine. It’s not our war
I agree, soon as we stopped having oil off them our fuel prices went sky high!
Because the west push to the east too far, now neither the west and Russians can afford to step back.
@@AJ-bm2kh Sending our soldiers abroad whilst an active invasion occurs at home?.
This recession is most likely the result of an external factor. For the first time in decades, the UK is losing its clout . They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
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With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
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This recommendation comes just in time because I'm literally grasping for straws right now! I looked her up on the internet and made plans to call her.
when did inflation go down? it certainly wasnt reflected in any decreased prices or bills?? were paying more and more for less and less, country is a joke
Fully agree. Prices rising quickly in the shops.
Inflation is the increase in prices. Lower inflation just means a slower increase in prices. To get a decrease in prices you would need negative inflation
Because not all price increases are inflation, although that's the understanding of the average voter.
@@silentstreets Bills won’t go down unless you have negative inflation. Lower inflation just means prices go up by less.
are you saying your car insurance went up more than the 1.3% theses elite clowns are blathering about.
But the FTSE 100 broke it’s all time high today, something is not making sense.
Same as most of the global markets, but they are not the economy. Watch the bond markets.
It does. In inflationary economies stocks rise rapidly. The public has no money because companies hoover it all up.
@@Saturday6547 There is growth for the very wealthy whose asset values have exploded. Everyone else is getting poorer. But 'on average' there is no growth. Worth checking out Gary's Economics channel, he breaks it down well
The FTSE 100 is predominately made up of institutions like Blackrock, Fidelity, and Vanguard diversifying their pension funds, plus a couple of other sovereign states have purchased some of it.
@@riverraven7359stocks rise because the value of the currency diminishes. Print print print.
I assume that once rent increases, it stays up and doesn't come down. My rent went up by £300 a couple of years ago and I doubt they will reduce it regardless of state of the ecomony
Landlands don’t need to!
We're all skint.
Stagnating growth, depreciation of the pound spells very bad times ahead and if the US starts to falter then the world is going to go through pain non of us have ever experienced before. Let's hope that doesn't happen.
I feel like we are always heading into recession 😂
8 week delay on gold deliveries from the boe 🧐 they told 1 bloke the truck broke down 🤣
The rates should be going up not down!
Economists in the media and public sector are clueless.
Inflation isn't up because of excess spending but on bills going up on necessities.
Therefore the interest rate has no effect on spending it only makes the economy weaker as the normal person has less or no money to spend in it.
The rich are money-minded; that's a lesson I've grasped from the very beginning. My desire to build wealth has always been strong. I’ve been saving up some money since 2020, and I’m eager to invest it in the stock market to grow my financial future. is now the right moment to buy or not?
I think the safest strategy is to diversify investments. But if you need proper advice, consider speaking with a financial expertise. Don't get me wrong, you can do it on your own, but financial advisors have a lot knowledge and expertise in this area.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
My CFA, Jarrod Gabriel Sandra, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
Rachel from accounts. You don't know what you're doing....
Brits from Blighty. You don't know what you're doing....
People say this a lot, “the government are useless, no idea what they’re doing”.
I believe wholeheartedly they know exactly what they’re doing. It’s just a different narrative to what the average Joe will ever understand. No one truely knows unless you’re in those circles
Rachel from Customer Service......WFH in her pyjamas,guzzling custard creams
@@kurtgodel5236 eh?
Massive alarm bells with this rate cut. The fall will be big
Looks like the whole world is but for most of us it still is a recession from last time.
In 2009 interest rates were lowered to level never seen . This interfered with Capitalism and inflated an already overpriced housing market even more. This is the reason we are in a position where people are just working just to stay afloat. Also the amount of tax is ridiculous as you get taxed when you earn it and taxed when you spend it. The people have been hung out to dry by our leaders.
The elephant in the room that nobody wants to talk about begins with a B and rhymes with exit.
Reeves doesn't rhyme with Brexit🤔
The UK is economy is collapsing, we are in financial ruin and there are rising taxes due to a combination of 4 reasons:
1. Recession in 2008/2009 - Leading to government borrowing, bank bailouts and austerity measures . Due to austerity measures, there has been a lack investment in the NHS and public services since 2008/09. This lack of investment has now caught up with us as its effect has been more noticeable in recent years. Back in 2007, the UK was one of the worlds strongest economists predicted our GDP would grow 3% per year. Also in 2007, £1 was worth around $2. From around 1997 until 2009, the UK economy was stronger than any other G7 country. It took the UK until around 2020 for the UK economy to go back to 2007 levels. To give you an indication of how bad this recession was, the UK government debt as a percentage of GDP before the recession was 41%. In 2012 this jumped to 83% and right now is greater than 98% !
2. Brexit - Resentment from the recession played a part in false stories told by ministers to gain voter support. Economists and analysts at Cambridge Econometrics found that, by 2035, the UK is anticipated to have three million fewer jobs, 32% lower investment, 5% lower exports and 16% lower imports, than it would have had been. The report states that the UK will be £311bn worse off by 2035 due to leaving EU. The government borrowed more money to pay the divorce bill triggering markets to believe if we could ever pay this back, so the value of the pound dropped, inflation increased. Up until Brexit in 2020 the UK had year-on-year GDP growth. However, the GDP growth from 2008/09 to 2020 is a false picture as the growth in these years was due to austerity measures. Brexit made our situation much, much worser. Our politicians lied to the public e.g. Boris Bus, blaming migrants, we will be better off after Brexit and our economy will recover due to UK trade-deals etc. The economic risk due to Brexit was huge and then Covid happened.
3. Covid - The government borrowed more money again as we had to bail out the whole economy. There was massive drop in GDP again and it crashed, all business were shutting down. The UK is the only G7 country to never economically recover after covid. Yes, we had coronavirus vaccination costs, support schemes, grant and loans but all European countries did similar (apart from furloughing the nation cost) and the whole world was in the same boat. Let’s not forget the PPE scandal, bounce back loan fraud, eat-out-to-help-out and ministers holding shares in vaccination firms.
4. Political mismanagement in all of the above - constant leadership changes, rising crime rates. UK government borrowing is out control leading to higher inflation and rising taxes. High streets in some areas are like a ghost town, Debenhams etc has gone. National wages have stagnated across the country. Home ownership is a right only reserved for the rich. Less and less deposable income for the average Brit. The government appears to be nothing to prevent the average Brit from becoming poorer.
Russia/Ukraine conflict, I’m excluding from the 4 reasons as all European countries are in the same boat, other European countries are more impacted as they rely greater than UK on Russian gas and trade.
I can write even more but getting angry whilst typing. The UK is in a complete and utter mess. We are in cost of living crisis. The government doesn’t have enough money and neither does the public. It will take one or two generations not years to fix it.
Jukers!
The elephant in the room is immigration. Which is what Brexit was about.
@@johnh1252 And that worked wonders
It's not heading...... it's in one...FFS....!!!!!!!!!!!!!
Next up….poverty food lines…OH WAIT! That’s already happening!
@6:30 - The BoE raised interest rates far to high to combat external causes, and has completely crippled everyone with a Mortgage. And now we are seeing the result of that, wage price spiral in services (that has very high inflation), Owner Occupier costs going through the roof and starting to accelerate etc... and now council tax rises, NI rises for business. The BOE need to start bringing rates down to levels people can cope with, and the government needs to do things that will actually help people... rather than the current opposite. Ho Hum. Rant over.
If Andrew Bailey supports this government with their "Growth mission" then surely he does not know what he is talking about either... that said he can't really say anything else.
We are in Recession 3 quarters of zero growth equals Recession because the gain got cancelled out by the below zero quarter. Why don’t the msm tell public the reality. Brexit has reduced trading with the EU
Every news about UK is bad to worse.
A day without Humiliation, is a day lost for UK 😢
It feels embarrassing this is what we have arrived at
Energy companies make 4 times the amount of those in Europe… why is this allowed to continue..? They should be paying to make up the deficit! Not us!
Imagine the vat and dividend tax collections by the government and the environmental levy on your bills
Why are you allowing this to continue - Human compliance / stupidity?
Austerity measures since 2012, no growth potential from previous conservative government, they left a mess of the UK finances for labour to pickup and fix, but labour dont have any gas left.. the economic outlook of the UK is shambles.
Why would I ever go back to the UK?
😂 yes, however don’t think this won’t reach where you are… it’s going to be global.
Go to US !
UK atleast need a growth of 3% by a year to recover its Economy
'Unproductive grifters economy' or real one?.
The reporter left the Priminister go with out reply the question... 😮
The reporter let the Prime Minister go without him replying to the question.
@@stuartwray6175
The reporter let off the Prime minister without him answering the question!
England should change their currency to Rupee everything will normalize in 6-12 months
You sound like a scammer that called me today 🤔
@tonygray9174 But the price of a 'bo a waer' is going so high! 🤣
@churabhok2869
At least we bathe with the water and have toilets with water😂
How about housing? CPIH!!!
Energy prices is nothing to compare to this!
More growth in Russia than EU or UK. Interesting
Military production count to GDP growth, and Russia have huge advantage in terms of dirt cheap energy.
It's a war time economy stupid so yes demand for arms are sky-high when your dictatorship wants to reconquer Europe!
If you factor in the record high immigration which has the effect of driving up GDP (but driving down living standards) and we still haven’t grown, it’s really a lot worse than it sounds
They will probably tell us that we need even more immigration.
LOL GDP UP? Lol
@@Qlair2632 what else can the government do? Brexit and the end of free movement created massive staff shortage because Leave voters are too lazy to take up the jobs done by foreigners, without immigration the economy cannot function!
Is anybody ever going to talk about innequality and how the UK has divested from everything usefull to support that inequallity
Gold is only up 1400% since Gordon Brown decided it was a good idea to flog it all
"Hopefully things can only get better" . . . . deranged laughter . . .
Gaza : Not for Sale.
Canada: Not for sale or is it
Greenland;Not for sale
Panama:not for sale.
America: Sold to Israel.
Say no more
yes! you say no more
Notice Trump didn’t ask to buy the UK.
@faiez-rh1gm
Gaza: sold to islamists
Canada: sold to islamists
Australia: sold to islamists
France: sold to islamists
UK: sold to islamists
Say no more
@@anomaliesanonymous Islamists: living rent-free in your empty skull.
If being sold to Israel leads to the kind of success America enjoys then maybe more countries should sell themselves to Israel.
America is by far the fastest growing developed economy. And the US already makes up 27% of the total global economy and holds 32% of total global wealth
US GDP Per Capita and Median household incomes are about double that of the other G7 countries. It’s the richest country in the world overall and the richest on a Per Person basis. Not including tax havens or countries propped up by foreign capital like Ireland, Switzerland or Luxembourg.
Starmer will probably blame Margaret Thatcher.
She’s still looking down her nose
at him, despite him taking her portrait down
Like many have said before have we really ever gotten out of recession? I swear that every couple of years it's Boom we are heading back and it doesn't seem to have anything to do with what Party is in power the money just disappears for most of us and yet bonuses still get awarded.
99.9% of this Country has been in a recessions since 2008.
Tax the rich
Stop all foreign aid.
I agree. Tax the capital not the income!
They're trying to, that's why they're all leaving this country
@budgeman218 not true
@@Salty_rl what isnt
Don't worry guys its "transitory" for the next 100 Years.
Need to put the local residents first! Need an audit of UK overseas spending, with any cost savings targetted towards domestic growth
Add in council tax.
The big question is that the media dodges all the time... Do energy bosses need to take home huge profits and bonuses?
How much? Who? I invested in a business on ebay for £1 i get only 5p profit after 1 year. I wonder how much i need to put in to make £1m?
My water bill was £175. Didnt water used to be cheap 🫠
Hahaha go old labour everyone sees it apart from them in their ivory tower
More renewables than ever and yet power prices still rising, when are you going to realize they are lying to you about green power being cheaper?
Or realise that energy should be in public hands so that the energy companies can’t stick hundreds of billions in profits into shareholders’ pockets.
We’re still dependent on natural gas for a significant plurality of our energy. Natural gas prices are still rising in this part of the world due to an over-dependence on Russian gas.
@@fishcereal9940 and why is then an over dependence on Russian gas? Because we joined the net zero cult and they had the sense not to, they dont have sky high energy bills and they arent wasting money on a more expenisve duplicate energy system just to vritue signal.
Shambolic budget, NI increases were the worst possible option for the economy!
Hardly a surprise considering everything is broken in your third world country. Plus look at what you voted for. Choosing between eating or heating and focused on everything that is not even important. Your energy policy alone is the biggest factor and learn to be less patronising to us as we chose wisely with our beloved 47 who is getting things done in record speed. The El Salvador initiative done and you folks just talk about Rwanda and as usual nothing happens.
someones absorbed a lot of propaganda haha
@@Ampasss He's drunk all the koolaid. Lapped it right up.
He's not wrong though is he
@@Ampasss Do you agree with the net zero energy policy?
@@Ampasss Your propaganda is sure doing you a lot of good with your energy bills, food cost, inflation and water charges. How does a nation that rains all day have none of it and charges you more.
The answer, my friend, is blowin' in the wind
Please talk about GREEDFLATION (banks, insurance, supermarkets, energy companies) ALL making record profits while normal people are screwed
With so many adverts the channel is unwatchable, unsubscribed
Premium has been worth it for me. No more adverts 👐
What’s sickening about the UK is that we have low salaries but high cost of living, it’s like the worst of both worlds.
Yes
WTF - 0.75% growth for the UK would be a great result...
Colder than expected winter in europe - that was the moment I started laughing and decided to stop this video. That guy has no clue
England did all that colonizing and still broke😂😂😂
Not really, still one of the wealthiest countries in the world. And one of the few that could afford to pay people during COVID. We are now paying it back. Financial circumstances of working class people rarely reflect how wealthy the country is. It more so reflects a broken system
Brexit Britain 🤣
Why can’t Bank of England reduce residential property mortgage to 2-3% for everyone’s 1st property?
🔥👹BREXIT👹🔥
Andrew Bailey once again demonstrationg why he is not fit to be the GOBE. How he has retained his job I'll never know. Listening to this interview, would anybody guess that the UK economy is only a step away from financial armageddon?
My mortgage renewal comes this summer. Not sure if i should choose 2 or 5 y fixed
🎉 BREXIT 🎉
We never came out of it. Yes blame imigrants don't tax the rich
It doesn’t help mortgage holders because most people are locked into fixed rates not trackers, please can you get your facts right
Meanwhile growth in Russia will be around 5 % take that Putin 😂😂
22% interest rate , 60% of gdp on military. Nazi germany had crazy growth too.
After they dropped 30% first
Lower taxes, higher growth. It isn't rocket science.
I'm honestly surprised. Over the last six months I've seen really positive signs of economic recovery in my local city. I've seen business units that have been empty for years rapidly being occupied by small businesses. A new business development which was on hold for five years, has now finally started being built. I suspect that the benefits from this growth takes time to be reported in the official statistics and even slower to be reflected in taxation.
It's never going to be fast enough for the impatient media or and angry frustrated electorate
It would help if CPIH (inclusive of OOH) was looked at rather than just CPI... It's mind-blowing that OOH costs are not included! Are these fools unaware of the mortgage costs for housing?
The story continues - rich are getting richer and working-class people keeping this country and economy alive are getting poorer. What wil the government do about that?!? What about distribution of wealth and inequality?!?
dropping the interest rates in an inflationary environment will only increase inflation and makes no sense whatsoever. If the government wants people to be better off, the only way to bring inflation down is to increase interest rates to at least 10%. Of course that would kill the real estate bubble. so the government rather have people worse of than to destroy rich real estate and property developers to lose money.
Yep
The money that is supposed to be growing the economy goes into council tax, water, gas, electricity and fines instead. Young people are leaving the UK for a better and cheaper life elsewhere.
Growth is measured in 0.1% steps ?
Correct for both growth and negative growth. GDP is a very blunt instrument.
Housing costs eat up my salary. Haven't got money left to spend on extras.
Time to tax billionaires
Better hurry up before they leave along with the 10,000 millionaires that already has.😂
@@tonygray9174Let them leave but seize the assets. Don't let them sit in the Cayman islands paying no tax.
@@tonygray9174 tax their wealth, it cant leave with them
@@Salty_rlyes it can, they can move it overseas.
Ubs predicts 500k will leave@@tonygray9174
As soon as labour got in we knew that
Why does noone talk about energy costs which is the key issue?
It’s so funny that the UK‘s press kept release negative analysis while the press out side UK can see the positive on our Economics .
For The shipping cost so hight one of the reason is due to UK have a very poor infrastructure system that Tory left behind after in power for 13year.