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Hi Shirvan, loved the video and found it very informative, like always! If I may make a bit of a critique. Though it is right for you to point at politicians for stirring up tensions, I think you should also have mentioned why this is so easy for them to do so. The reason in this case is that the lower class has practically no benefit from the upsides of mass migration, but does have a lot of the downsides. And they compete for the same housing, jobs and benefits. Add social tensions because of cultural differences to the mix, and you are left with a powderkeg ready to be lit.
Even the Office for Budget Responsibility has had to acknowledge that the Mass Immigration project costs the econony millions per person*. The economic point of the project is to keep tamping down wage inflation, forestall the need for modernistation & automation investment & keep the consumption economy increasing all of which also suppresses the possibilities of a large independent block of natives with the wealth & solidarity forming to challenge the status quo power elite. *Albeit by still massaging the figures by comparing immigrant workers to the average Briton - the latter including children, the long term sick, disabled & retired. Mass Immigration hasn't worked for the UK in terms of growth (except as measured by mere number of bodies & their consumption*) & in fact costs billions; English children are set to be a minority in English schools in just over 10 years. The English Nation to be rendered a minority in their homeland of England in a mere few decades; all Britons to be a minority in the UK (all the Isles in fact) a few short years after that. These non proposed, demographic & cultural policies of increasingly marginalising & minoritising Native Britons, that were never openly proposed or voted for, but in fact voted against, have been a disaster & need to be stopped & reversed. We want, have appealed for & are entitled to demographic & cultural security in our homeland from our institutions & those that wield them who are denying us it. It IS an existential issue & we are rapidly approaching a point when self defence calculus applies...an in increasing number of people do so with immediate necessity & foresight is a gift.
@@iamstainlessnlEurope has always been a dump. He showed some good scenery. But it's back to futilism because of slavery and not paying those reparations. So war, on horizon man😂
@@iamstainlessnl and yet it was the "lower class", the least educated and/or lower intelligence folks who disproportionally voted for Brexit which has crippled the economy which, as stated in the video, ironically necessitated more immigrants thus exacerbating the main issue they were foolishly voting Brexit to curb! This shows you why education is so important. The dumbest people in the UK screwed themselves, and everyone else.
As someone rightly said: "From an empire where the Sun never sets, to a small little grumpy island where it never rises”, Britain has come a long way!!
It was all Britain's fault, they tried to become the world police during world war 1&2 in return it costed their whole damn Empire, also they failed to keep countries like Australia, Canada, newzealand together with them. Now they are almost an insignificant country compared to what they were a century ago, it's like US reduced to new york city.
I said in a video how poles coming to UK to work in trades and send money back has helped the polish economy and people mistook that as me hating on Poland. I'd gladly take any job in plumbing in engineering over there if Poland would have me.
Thats what I was thinking. Outside looking in, I always thought of Brits as the "loafers" of Europe. Germany and Spain has the auto industry, France has food and energy, Poland sells tech equipment and hardware, and the UK sells...online insults about countries that aren't themselves?
@@Red-Magic Oh sure the British who gave the world the industrial revolution, the country which was called the workshop of the world just decided to become "loafers". Thatcher closed down all the industry so the banking cartel could have a stronger pound and play their casino games. That's what happened and the Right wing media bullied Labour into accepting the new economic structure. You argue like a teenager
Well there were millions of people in the 80s who were saying the same thing as Thatcher closed down all the industry - and it wasn't just nationalised industries, it was private sector manufacturing. She wanted to reintroduce mass unemployment to stiff the unions and to allow the City banks to speculate rather than invest. And the Right wing media hollowed down anyone who dared disagree such that eventually the Labour party accepted the new neoliberal settlement
in UK Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.
- Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 25% short of $1m ballpark goal as of today.
that's incredible! would you mind if I vet your advisor please? started investing in stocks November 2022, but not confident to make the correct investments as of now, seeking professional help to achieve my financial goals
Melissa Terri Swayne is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Just today I saw a chart of Gold Reserves in Europe and it was quite shocking that my small country of Portugal has currently more gold than the UK. Which is quite surprising. More than Spain also quite surprising too.
Im a Welshman in Finland and I can say just one thing that sums the UK up for me atleast. Taxes. Here in Finlan taxes are insane, but.. you have clean streets, snowclear every time it snows, nothing is broken, everything works and people are happy. UK is falling apart even with high taxes.
Taxes? The UKs main problems are at they don’t produce their own energy, don’t manufacture much anymore and they’re importing unchecked low skilled migrants into a country with a shelling industrial sector.
When I lived and worked in Japan I didn’t mind paying taxes because I could see the benefits. I rented a decent place, had a car and was able to make purchases like a new bike / PC without worrying. I did t even need to bother looking at my utility bills because they were so cheap. Back in the UK, I pay more taxes yet the streets look like they have been bombed. The once beautiful town centre is covered in chewing gum, litter and stench. I have to pay private to get accessible healthcare and the police do nothing to punish criminals ruining our society. I have a slightly higher salary yet I actually have to budget way more here.
I live in Wales and a train station in my town had its windows broken about 18 months ago, they're still broken and all they've done is put barriers up to stop people going there. Our trains are about 50 years old. I'd thought about moving to Japan myself, but I'm not a "skilled" worker.
@@ashliiprigmore5441 Japan's gonna keep bringing more and more visas so you'll prolly be fine. I'm myself planning on moving there in the IT industry after getting a few years of experience myself, the only challenge would be learning the language(it's a bloody difficult language) but the quality of life over there is too good to miss lol so gonna put up with the language
@@ashishbarthwal6961 I used to work in the small scale IT field myself, just building and repairing computers. I loved working as an IT tech but man it's hard to get jobs in that around here. My partner speaks Japanese well, and I'm already bilingual. Fingers crossed there's more visas though!
@@mmaidofsteel I'm not a Hong Konger myself, but a great grandfather was born there when it was still British held. A lot of Britons used to go over there during recessions for work; I think Hong Kong should be independent, but of China as well as the UK. My uncle's family left when the laws started getting stricter there. I hope you and your family get somewhere safe!
The situation is worse in the United States, where our economy is struggling to survive like a flailing fish. The U.S. economy is truly in a very poor situation right now. As a result, it experiences convulsive spasms and desperately tries to develop in whatever manner it can. Tricks, gimmicks, and rule changes are all attempts to boost the economy and keep it from collapsing, but they only provide short-term respite to people because inflation causes us to decline.
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
I've stuck with the popularly ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, I agree with her.
I am a Portuguese engineer who worked in the UK between 2012 and 2015. In my opinion, one of the root causes for the UK's lack of productivity stems from the excessive influence of the financial sector, who just "makes money from money", without producing anything tangible and tradeable, drives the cost of living up, makes it very difficult for industries to be competitive, and attracts too much young talent who go to study in management degrees, instead of engineering ones...
@@raipe125 you do know economist use FACTS & DATA to prove there argument not….. analogies…. So glad I spent my time studying just for some loser to put poetry to fact 🤣🤣🤣
Ual, entao a baixa produtividade advém de um setor financeiro influente? Nao sao os impostos, nao sao a imigração desenfreada, nao sao as leis draconianas... Voces engenheiros portugueses sao mesmo brilhantes.
And yet quality of life for the 90% who have 10% of wealth is better in Switzerland than in Cuba where the 90% have 80% of wealth. Aren't statistics funny?
It’s exactly as the tories intended. The US has this same problem whenever our conservative party is allowed power for too long, they cut the legs out from under normal people.
Uncertainties, worldwide swings, and the aftermath of the pandemic are all producing instability in the economy. All sectors must give rising prices, slow growth, and trade disruptions immediate attention in order to boost growth and restore stability.
At the moment, things are peculiar. Inflation is making the UK less valuable, but it is growing more valuable in relation to other currencies and assets like gold and real estate. Because they believe the dollar to be safer, people are using it. I'm concerned that because of the high rate of inflation, my about $420,000 in retirement funds may lose value. We can't keep our money anywhere else.
People frequently undervalue financial counsellors until they experience the consequences of making emotional decisions. I recall needing a boost for my faltering firm a few summers ago, following a difficult divorce. After doing some research, I located a certified advisor who worked hard to increase my reserves in spite of inflation. As a result, my reserves rose from $300k to approximately $1m.
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
Yep. National Socialism demonised the Red Sea Pedestrians. Supranational socialism demonises white dudes, who are the productive element of the economy.
No. This is what happens when the rest of the world learns how to manufacture on an industrial scale. The 1800-1900s are over. You need to be better workers than the Chinese. Japanese are also getting f-ed. Nobody is buying Sony, Panasonic, Hitachi etc, when Hisense, Samsung, LG etc are cheaper and just as good.
This. I started noticing around 2000 in the US that the Dems seemed to actually talk more about poor foreigners than poor Americans. They then started to offer things to illegal migrants that even poor Americans didn't get from the government. Then they openly started calling voters "deplorables". They truly hate us plebs. Why? I suspect when you destroy nationalism, you don't actually get global brotherly love, you actually get hatred for your next door neighbor which now you just consider a nuisance and not countryman.
@@stevenhenry5267 I agree, maybe I wasn’t clear enough. The Oligarchs are the Corporations, the political class are employed as the middle management. Corporate interest are the policy makers, the politicians just handle the implementation & necessary paperwork.
Northern Ireland here. When I was young we used to laugh at how poor the roads were in the Republic of Ireland 😆. Now their roads are immaculate and ours are abysmal. That’s just one example of what’s changed in 20 years.
I was back working in Glasgow this summer and the pavements looked like someone had taken a hammer to a concrete patchwork quilt. I love Scotland and my home city but here in France the infrastructure is excellent in comparison.
It certainly isn’t good for a first world country, but it’s also not as bad as you think. Mississippi is a meme because it is, by basically every measure, the worst state in America. But America is such a massively productive country that Mississippi still easily qualifies as an advanced economy, with a GDP per capita between those of the Czech Republic and Spain.
Mississippi compared to other US states is near the bottom, but it is still high compared tot eh rest of the world. But what is interesting is Mississippi has less than 3 million people, whereas the UK has almost 70 million people.
I’m looking for opportunities to profit in a potential downturn, According to rating agency Moody’s, both the UK and the US are set to fall into a recession because of higher interest rates.
An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions
I agree Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the advice of my financial planner who has helped me gain $985k in a well-diversified portfolio that has experienced exponential growth
It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advisor.
Sharon Ann Meny is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
It's a country that's been asset stripped to the bone. For the last 15 years we've exclusively taken the option that generates the most money short term, without any idea for the long-term.
bruh we've been in austerity for the past 15 years. We haven't generated anything short term either lmao. It's just been a slow decline with zero investment, with the exception of vanity projects like Boris's Bridge garden, or whatever it was.
I aggree, but this is bc the Tories and some Labor cabinets actively sabotaged the NHS reforms. Just look at who is getting richer and who i getting poorer since the austerity measures.
I live in outer london. 20 years ago I earned just over minimum wage. I had a 2 bedroom property and a half decent car. Now I earn 60k and have a 2 bedroom property and a half decent car.
At BOE inflation calculator you can see that 60k in 2024 is equal to 34k in 2004. But I am sure minimal wage back then was like 9k. Now minimal wage is 20k. So technically you earn 3x as much but you living standards are comparable
In 2005 the uk minimum wage for a 22+ year old was £5.05 per hour, which is £202 for a 40 hour week, £10,504 per year. £6 per hour - a 20% increase - is £240 and £12,480. Reversed inflation on £60,000 to get it to those values takes you to between 1977 and 1979. In 2005 i was on minimum wage, 26 years old, and living in an ex-mining village just outside of Newcastle. I find it very difficult to believe you're telling the full story.
My taxes get higher, my food gets expensive, my car becomes harder to maintain, yet these fops in office have the audacity to tell me they're "fixing it". They've been "fixing it" for 15 years, the only thing they're fixing is their own bank accounts.
This is conservative economics in action, cut from the working-class benefits and services, and enrich the upper-class in promise of a "trickle down" effect. Compare to a Nordic country like Sweden or Denmark, where they have high taxed, but the government hierarchies are flatter and the use of that tax money is transparent. So they actually provide all kinds of well-functioning services to the public, from education, healthcare, infrastructure, entrepreneurship benefits, housing subsidies etc. And as a result, the middle-class grows stronger, and people live a better quality of life, because the system doesn't create a tiny group of rich cats buying out all the property, making education expensive, trying to rob the middle-class and poor etc. Even if a conservative government campaign on "tax cuts"historical evidence shows that this will be in best temporary for the middle-class. Because the costs associated with conservative economics for the average person in the long run, will be a far larger burden.
Yes, it's been 'fixed;' since 1979 when Thatcher chanfged our economy from Keynsianism - one where all businesses which make a profit for the country are expected to pay tax to make that country run, to Monatarism - one where the corporations/businesses which make a profit from this country are given more taxpayers money just for making that profit and pay NO tazxes... The tax is now levied only on those who live, work and are so poor they have to pay taxes. It's the trick;e-up effect and it's the reason that all over the world in 2011, economists and protexstors were jounuing together to oppose this 'rob the poor to pay for the rich' system .. and were silenced. Remember 'Occupy'? THAT was ordinary people asking for the global economy to work for people, not banks and corporations. THe info is stull out there and ion the Net. THe more we learn of how banks and corporations work, the clearer it is. BUt... people are being directed to consiracy theories and kicking down at those poorerr than themselves instead. That's how the rich keep the Poor down. Divide andRule. Never fails.
It is weird that my household income is literally double what it was ten years ago and we somehow have LESS spending money. We no longer have a car payment, we eat out less, we get coffee less, we haven't had credit cards for over five years and have no credit card payments, and somehow we have less disposable income now than we did then. No wonder the economy is bad just buying the things we need to survive is taking up 95% of our money.
@@MrUnknown2105 I went from working a £24,000 call centre job to a £40,000 truck driving job and after the increase in tax im really not that much better off. Im thinking of moving back to a lower paid job because its less stress and shorter hours.
@marktucker208 I went from a fuel station to trucking. I earn 33k basic and I'm definitely better off financially, even after taxes. So i think you're wrong there. You're right about hours though. In most jobs you start on time and finish on time, in trucking it's nonstop forced overtime.
A very simplified (and inaacurate view), Britain's structural economic issues started well before the 2008 financial crisis. The "de-industrialisation" which began in the 70s, the privatisation of services in the 80s etc. I can even argue Britain never really recovered from the cost incurred as a result of WW2.
The issue was the Tories. The economy was consistently growing at a healthy rate until 2008, and rates of homelessness and NHS waiting times were way down. We could've ended the recession much sooner if we had a government willing to invest in economic growth, but instead we've had 15 years of the Tories starving our public services with austerity, dismantling our most important trade partnership and funneling money into their pockets with nepotism and tax cuts for the rich that have left a massive hole in our budget.
Yep. Changing the names for things has worked for the NeoConservatives since 1979... THey changed how Unemployment was calculated THREE times in 1983... until the largest unemployment since the '30's was "below what it had been under labour"... and they've been doing that ever since. If Unemployment was calculated today as it was calculated in '79, the figures would be seen to be appalling... but the NeoCons have ensured that figure is never revealed. In who's interest is it to recalculate unemplopyment figures to show they're far worse than they have ever been? No-one in Government, that's for sure.
This misrepresents the issue. There has always been a distinction between "unemployed" and "economically inactive" in economics. The former refers to people who are seeking jobs, yet do not have one. The latter refers to people who do not have jobs because they can't work or don't want to, which includes children, the elderly, stay at home parents, full time students, disabled people, prisoners, so on and so forth. The difference is important because the numbers regarding each group tell us very different information, and conflating the two groups will result in data that's useless at best. If we do not make a distinction between people who want to work but aren't working and people who don't want to work/cant work, we will end up with data that indicates unemployment crisis because we've decided to class infants as unemployed. Thus, infants are economically inactive, and a 35 year old who keeps applying to jobs but never lands an interview is unemployed. This is relevant to policy because if we include people who do not want work/can't work in unemployment stats and then attempt to make policy changes in order to increase jobs, we will have created jobs for people who will never apply to them, creating its own crisis. If the problem is that there's actually a large economically inactive population, then creating more jobs will not solve the problem, you have to instead create more economically active people. Failing to distinguish between the issues will result in the wrong solutions being applied to the wrong problems, and so the problems will be unsolved or will worsen. The distinction is actually both semantically meaningful and important in ensuring that we have useful data that accurately represents the state of the economy, even though the two terms sound like they aren't substantially different on the surface.
@@Parrot5884 Well, and clearly, said. THis is a general trend by Those In Power - an erosion of meaning, making words that have meaning into words that imply meaning but are entirely open to interpretation. THere are so many examples of this process - especially used in the 'News'. I'm failing to think of a decent example but 'Grow' and 'Offence' are two currently overused words that only make sense with a context and so can be used for pretty much what anyone likes... so obviating the messy details of actually defining understanding and analysing a situation. Onwe word that;'s in general use in Popular Political discourse is 'Change' - everyione says they want it and every Party promises it. No-one wants to define it and so 'Change' allows pweople to fantqasise about what they think they voted for and the people who "deliver" (another meaningless term) it can assure everyone that this is the 'Change' they promised. 'Brexit' is another lovely 'Pretend it means what you want' term .. It means itself... which can mean anything ... like 'Leave'. Happy Sunday.
crime rate per 1,000 people (Source UK govt site and Wikipedia) Ethnic Group Rate per 1,000 Black 24.5 Pakistani 10.3 Mixed 9.9 All ethnic groups (average) 8.9 Bangladeshi 8.9 White 5.9 Indian 3.1 Arabs 3.0 Chinese 1.1
@@gregoireaurelien8205 I'm Kenyan, no sugarcoating anything, we have underperformed in the last 50 something years after our independence, we have since then never industrialised, still have crappy infrastructure, corruption, etc, while Britain had all those figured out literally centuries ago while we were hunter gatherers/nomads or living in disorganised agragrian societies. Now the question about what Britain did with the wealth they plundered becomes relevant; you have everything, organised economies, industrialised, homogenous society(yeah muuh immigration, but UK is still majority white Anglo saxon while Kenya for example is fragmented into over 40 something distinct ethnic groups), military powers, and to crown it you colonised half of the world. Now you want to benchmark England with us? Aren't we the mud hut people?
People often ask why UK productivity is so low but ask yourself, if you are working a full time job and at the end of the month not seeing any reward for that because almost everything you earn goes on bills/tax then wheres the motivation for people to work hard? Not to mention that most of the country is depressed as fuck, feels little hope and is spending their time worrying about whats going to happen if they have an unexpected cost like the washing machine breaks down or something. Anyway, for me, the country is destroyed. We lost most of our industries to other countries and they wont be coming back because the costs in the UK are astronomical compared to countries like China, India etc. The government only seems to want to focus on the financial services sector, house building and net zero.
The guy said in the video that productivity was not about working hard, but investing in industries that generate greater profits such as transitioning from farming, to tech industries.
House building would be the single biggest aid to this situation. More houses = less demand + more competition to private landlords. Result: significantly cheaper property. Sucks for the value of the landlords' houses, but works for everyone else.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Julia Hope Marble is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@@eg8568 As a manufacturing student in the UK that qualified in 2016 I can tell you I am no longer in manufacturing. Another friend of mine went to work in the British automotive industry, 2022 he lost his job due to closure and struggled to find work in the industry. Before 2016 we were a strong hub for international manufacturing trade because we set the standards and looked good as a European headquarters. We have rejected the European standard, made trade harder and so therefore look like a rubbish option for investment or putting a headquarters in. That is alot of high skilled jobs gone. We do not make enough. Alot of services start with the creation of something, producing less means less contracts and need for services to exist. The less we generate the less money is invested and therefore the less likely we are to see investment, which means less construction (again the need for supply chains, contractors or materials) or need for services like finance. Production of real assets is the curse of the UK. We do not produce enough, smart enough and because of that we see a knock-on effect.
@@eg8568 None of those brands are actual British cars anymore, JLR is owned by the Indians, Bentley is owned by VAG aka the germans, Rolls Royce and Mini are both owned by BMW even more germans and Aston Martin has many different owners. They might be built here but there is nothing British about them they're as British as a Nissan or Toyota both of which are built here too.
@@eg8568the manufacturing is more of a cottage industry that produces luxury goods in relatively small numbers. Ah, yes, the finance industry, banking, which has brought the UK to it's knees in 2008 and never really recovered. The industry that made the whole nation suffer, but never benefited the average citizen. Finance industry is not much more than glorified gambling casinos that often bet against the UK and have to be bailed out every decade or two. Industry that actually doesn't produce anything tangible, "makes money from money". The only people that benefit from the industry are rich Londoners.
It's backwards. You can live a better life out of London then in London. The fact that it is performing well doesn't mean people are living well, mean that corporations are performing well. In reality the city is ran by min wage workers who buy reduce food and clothes and share a 4 bedroom house with 6,7 people. Middle class people can't afford to buy a house and also have to share. Everything went up 20,30% salaries stayed the same. Nursery is 2k a month if you want to have a kid...4k if you are willing to have two. But again who wants to have a kid when local kids are stabbing each other on weekly basis. Honestly, it was be a beautiful, historic and fascinating mega city, but it became so hard to live there even for middle class professionals, that moving out is the only option if you want a normal life
I live in Lincolnshire. A so called poor county. A just work 24 hours a week due to having saved up too much money. My 3 bedroom house is paid off. I live next to a 2000 year old Roman Canal in a quiet village. Free fire wood. Solar panels. Everyone says "hello" in the street. Monthly direct debit of £260 a month. Life is too easy. :)
@@damianbutterworth2434 I agree. Success in the UK is an illusion to a degree. People are desperate to live in cities and climb ladders to nowhere, but in Pembrokeshire where I live the standard of life is much better despite the lack of well paid jobs because houses are a reasonable price and the cost of living is very low.
@@candybraceletsI'm from Pembrokeshire too. Wait till you get sick and have to phone at 8am every morning but get turned away by the receptionist, every single day. 23000 patients and only 4 or 5 doctors. That's crazy. I've lived in the dock all of my life and it has definitely gotten worse. Even the roads are horrible with potholes that'll take the council ages to fix not to mention a crap ton of shops shut down. The high street used to be full of different kinds of shops but now there's 2 bookies, charity shops and only an ungodly amount of takeaways.
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.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of $250k...that's like 7times more than I average on my own.
Annette Marie Holt is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I'm economically inactive by choice at the moment. 6 years ago I was earning 3x the national median income and I felt well off. Now for the marginal gain over minimum wage it's just not worth the hassle. I might take another year off or I might just sell up and go somewhere with a bit more freedom and space. Russia looks like a good bet.
I'm out of here asap. Can't get a doctor's appointment within 2 weeks unless it's a private, £100 appointment. Finding my own antibiotics online. My street is littered with trash, my landlord doesn't maintain the flat, the roads are full of potholes and I pay 40% tax. It's get the f@ck out time. My neighbour begs in front of his house, there are crackheads everywhere in my street. I pay £2k a month in rent for the privilege- London's zone 3. There are 3m people who are too sick to work and are not getting treatment. My wife has to wait 25 weeks for a specialist appointment on the NHS, so we have to pay for her medication privately, as well as the expensive specialist. The UK's a failed nation. Don't come here unless you have a ton of cash to burn.
Lol. American here. I just got to see a doctor. I started trying to get an appointment in February. I got fairly good insurance, but it sucks. Worst I've ever had. They would only talk to me about two issues. I have to come back and tell them the rest of the story in five weeks.
well serves the country right? looting and breaking other nations for years, now when it's thier own turn it hurts? who would have thought it. Enjoy your stay in the mighty UK
An average familly house, 3 bed 2 bath semi detatched, in southampton costs between 400k and 500k. That's crazy. The average person makes a bit under 30k.
A starter house almost costs 300k. The only option is to start with a flat. Even if you buy them it's 2-4k a year paying maintenance fees, that the building does sweet fa with. That breaks down to over 200 a month, and those fees keep going up faster than wages. It's like the system is designed to trap young people in tiny apartments forever, paying fees a bills so high, that it's not possible to save your way out of it.
@@Hession0Drasha I totally agree. Its crazy how governments don't understand that private home ownership boosts the economy and stabilizes society. But I guess that the overreaching bureaucracy stops new home construction from the start, and reforming all of that takes a lot of time and work, that our dear politicians cant spare on serious matters.
The average family doesn't need three bedrooms and two bathrooms. The average family is just mum, dad, and a kid plus a dog these days. Look at Britain's birth rate
The economy is grappling with uncertainties, 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.
Things are strange right now. The Uk is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
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Believe it or not, you would be shocked by how Mogadishu and Baghdad look today. The Mainstream Western media doesn't cover them that much, but both cities have been completely rebuilt and look amazing. Both are busting with growth and cranes with high rise buildings and new infrastructure building, with new roads, new condominium buildings and luxury housing, hotels, restaurants and so on. Both places are unrecognizable from what you used to see in TV They probably look better than most cities in the UK.
I believe the public in the UK has let this happen. We're to meek as a block. We don't protest or riot when we see the government getting away with terrible shit so why would they ever stop when there's no consequences for their actions?
it wasn't too weak, it was too gullible in the mid 2010s. To the point where you couldn't tolerate it anymore and voted them out only by then, the damage was done.
It took about 100 years from the development of the Steam Engine, to end the high and noble position of the horse to mankind. Can You think 100 years from now? 80% of cars are parked 80% of the time. One person -- one car is an ideal that cannot be sustained. If elected President, I promise a Teleporter in every garage and a Replicator in every kitchen. Our waste plastic will be transformed into food. But ALL WAR MUST END before the Vernal Equinox of 2030.
@@abdiganiaden mass immigration isn't wanted by anyone unless the economy is growing and people can see tangible benefits, but guess what - they can't, which means people are rightfully saying why are we having millions of foreginers?
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
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Leaving us with no food security and totally reliant on imports. We don't have the sustainable agricultural land and we'll have even less within a few years. Sustainability is a dirty word here. Buy hey, TECH and all that.
@@cases2939the ethanol subsidies have a duel purpose. In the case of an economic or environmental catastrophe the United States is very much overproducing corn. If something happened to the world food supply we would be able to get through the problem with relative ease.
What has that got to do with poverty or quality of life? People in poorer countries have far more kids on average. The richest countries have the fewest kids. Birth rates in Switzerland Norway Denmark Sweden Iceland are even lower than in UK.
@@MrJoeSomebody poor countries where having children is a benefit because you can use them to get water, help farm etc. In the UK children are pretty much expensive hobbies, you can't compare the 2.
Almost 70% of land in the UK is owned by 1% of the population and most of those are descended from William the Conqueror's Army who invaded England in 1066AD. So don't expect any great change anytime soon.
That's almost incredible! Even because England at that time was a colony of Normandy, but nowadays should had found a new stable (and fair) land distribution. It's a crazy fact to notice
I lived in the UK between mid 2010s and the post-brexit years right after covid. I saw the change happen in real time, my co workers kept saying, who worked the same jobs for 20 years, they are worse off now than they were 10 years ago
This is the answer. Dependence on financialisation has been a large part of the problem. It's not a coincidence that the economy became stagnant after GFC.
This is what happens when people vote in the Naz- I mean Tories who are 'responsible with money' yet Truss cost us 40 billion in less than 40 days, the PPE contracts, Tory cronies, Expenses scandal, backhand payments to all of Boris' baby mums, and a man who is RICHER THAN THE KING.
Finance industry in the UK is literally maybe the only reason for the fact that so many people may enjoy relatively high standard of living in Pissshittingshire and so abouts. London produces 32 billion pounds of fiscal surplus which then goes to fund all the underdeveloped counties. The problem is that nobody wants to invest into counties which have inverted demographic pyramids, decrepit infrastructure and high costs of production
Specifically screwing up financing our own property, which should also just be there as a support industry. Re the good sides of finance, yes but it's also the same problem of putting all your eggs in one basket that most of the country didn't want to do and now are the ones suffering more because of it.
the anti immigration isn't a new thing, every time the votes have been asked they've wanted to reduce immigration and every single time immigration has increased instead. Its been a huge source of resentment to the political class because its obvious that they know there is a grievance, they just don't care.
The Political class care about making money through a big workforce. The plebs haven't been having kids for 50 years so immigration will continue indefinitely no matter what. Only thing that can stop it is a revolution and accepting drastically lower living standards.
Political and economic power was driven by the British Empire and the Industrial Revolution. So Britain was very powerful throughout the 17th, 18th and 19th centuries. Coming up to WW1 things were on the slide and by the middle of the 20th Century the Empire had collapsed. WW2 bankrupted the country and food rationing continued into the 1950s. In the 1960s modern socialism arrived and there was a steady decline. Then modern liberalism arrived around the turn of the century and added another layer of negative influence. Socially, it is complicated, the industrial revolution was very hard work for the vast majority. I think the 20th century was the best period, but it started to go downhill since the 90s and it is certainly getting worse. The generation above me had the best period, from WW2 up to the 1980s. Increasing standard of living, technology that made life easier, like cars and washing machines, and a sense of identity and community. And if you really couldn't work then the state would look after you.
London is by far the richest area in Euope. However, this shall not dwarfen the fact that 9 out of 10 of the poorest areas in Europe are located in UK. A londonian microcosm of prosperity surrounded by poverty. Brilliant...
@@chrimbus71 I was speaking of ten Northern Europe countries: Austria, Belgium Denmark, Finland, France, Germany, Luxemburg, The Netherlands, Sweden, UK. See for yourself at th-cam.com/video/vhTVVXrn_AA/w-d-xo.html We have to admit that our ruined United Kingdom is more and more viewed as a failed state.
@@chrimbus71 I was speaking of ten Northern Europe countries: Austria, Belgium, Denmark, Finland, France, Germany, Luxemburg, Sweden, The Netherlands, UK. All details on TLDR when typing "Europe's Top 10 Richest and Poorest Places - Data Dive" We have to admit that our ruined country is now viewed as a failed state after 8 years of Tories govt.
@@JohnGeorgeBauerBuis Insofar as America can print more money to keep the ball rolling, sure. Demographically, culturally, and intellectually; it’s been marinating in taco seasoning for a couple decades now and will be cooked shortly.
@JohnGeorgeBauerBuis The US is way ahead of us in this respect, you just benefit from being at the peak of empire (or just past it) so it's not as catastrophic for your overall economy.
Sadly with each passing day we can see the impact this awful policy has had on the UK. Tied up in red tape and tariffs with lower GDP than before the pandemic whilst the others in the G7, including Italy, are above. The lower GDP means we do not have the headroom to pay our way in the world and must resort to borrowing.Whilst there are rich people in the UK; a great many of us are poor and now we are poorer still. What steps can we take to generate more income during quantitative adjustment?
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The UKs problem is that they think and behave like a global force but the fact is they’re an insignificant tiny island. Until this country changes its foreign and domestic policy it will continue to slip into a financial abyss
@@ianjones7488 They have a 70,000 man army 🤣 Hope the Russians don't send a couple of divisions over the channel and you need to beg us Americans to rescue you (again.)
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The rest of the country has become a 3rd world largely thanks to London. The law makers (in london) killed all our industries (fishing, manufacturing, energy etc.) Through bad policy over the last 50 years. Due to this everyone who wants to become successful essentially has to go to London or join a company linked to it. The problem is systemic and flooded with ideologies that impoverish the wider country. Mass immigration hasn't helped either as it's suppressed wage growth and acts more as a holding measure than a cure to productivity, it also accelerates infrastructural issues such as housing shortages and access and cost to the health services. The country needs a ground up restructure but it isn't going to happen as the politicians in both major political party have bought into a managed decline approach to government. All ye here abandon hope for theres none to be had 🤷♂️
@legitbeans9078 to get out of the common fisheries policy which allowed other European fisherman in their waters which had already been diminished by the cod wars with Norway which actually killed the fishing industry due to government capitulation on historic fishing territories which is why Norways fishing industry has boomed at the same time ours has collapsed.
Mass immigration, deindustrialisation and financialisation It's bullsh-t that we needed labour from abroad, they wanted the foreign labour FIRST and displaced the home population to do it. There aren't "eleven million jobs" waiting to be done. The business class want a permanent oversupply of labour and to change the ethnic make up of the country
Mass immigration is, contrary to what you say, a necessity for growth where there native-born workforce is insufficient to satisfy the requirement for workers. Migration is a benefit to the country. The sooner that this is widely recognised, the sooner the economy can recover.
Economically, we are now a "slave economy". If you ask an economist about the American civil war, he would tell you that the Southern states were never going to win from the outset because their economy was impoverished by being a "slave state" - slaves have no disposable income - they get food (not good food, admittedly), clothing (also not good) and shelter (likewise bad) - and that's it. Our governments (including the last labour one) have practiced "trickle down" under the guise of "supply side economics" - and we all know that money doesn't "trickle" anywhere - money goes up not down. So we have now got to the point where a large percentage of the population are only able to afford food, clothing and shelter - they have little or no disposable income and much of the wealth is now concentrated in the top 1% of the top 1%.
@@rvtalltales9327 - oh for pete's sake! These people that swallow the whole monetarist BS about "trickle down! Every time I see one of these people spouting off half-understood or totally mis-understood crap spoon fed to them by far-right snake-oil salesmen, it makes my teeth itch! Look, you semi-evolved simian, at no point did I say anything that put down free markets - I was actually espousing them (that means "to support an activity or position" for the hard of learning). You want to sell stuff in the free market? THEN YOU NEED CONSUMERS WITH DISPOSABLE INCOME TO BUY STUFF! Gods save us from knuckle dragging Fox News viewers. I bet that you think that trade tariffs are paid by the countries that are sending stuff - when (of course) they're paid by the company importing the materials with the costs passed on to our consumers. Did you know that there have been regular recessions every time the republicans have been in? So regular, in fact, that they're actually known as "republican recessions"! (don't believe me? GOOD! Look it up! It's the first step to understanding!) Why? because their trickle down rubbish means that the people that would like to buy stuff don't have the money, demand drops off, short hours and layoffs ensue, demand drops further, the economy contracts - hey presto recession!
@@rvtalltales9327 Why? The free market isn't doing the average Brit any favours lately! Tell that to the people in full employment who still rely on food banks to feed their family.
aahhh, shirvan :) idk why i quit listening to you some years ago, it's always been a pleasure to hear your insights and so is this time. actually, you're so good that i still remembered your name.
I think people forget how poor the history of the average British citizen was. I can see it getting worse and the main issue is London itself. MPs don't want to invest in anything but the golden goose.
show me someone that doesnt want to invest, and i'll show you a kid that would rather play football or drink cider than learn programming or read a science book. I am not sure if you realise it, but investment can be personal investment in employable skills.
London is like a parasite. Allowed the rest of the country to wither so that a bunch of merchant bankers (rhyming slang 100% intended) could get even richer.
@@kbdkbd99he's saying the political elites don't care what happens to the citizens of the UK. But they still want power in order to charge taxes for the elites' benefit in London. That's how Mexico used to operate for decades. And Russia still operates with that mindset. Investment only for the elites' benefit that live within the capital isn't a democracy.
As a self-employed carpenter in 2000 I was charging £125 a day and a pint at my local pub cost £1.50. 24 years later the most anyone will pay me is £150 a day but a pint now costs me £4.50 up the pub.
I like the way you have reduced the decline of the UK economy to the relative cost of your pint at the local ! This is like the 'Mars bar standard' - a light-hearted measure of relative buying power used for many decades by economists.
@@diyvideojunk2066 I read a few books but one in particular was very clear about making wage income in a progressive society. Either rent seek like the others or get out and move to where rent seeking is limited. The main focus was fixing the society as a whole but I knew that was not going to happen. Progress and Poverty by Henry George.
That's how its happening here in the US too with all the illegals running around lowering wages and stealing jobs, pretty soon they will be wishing they stayed where they were.
As a Filipino, now I understand why I'm seeing Brits in the comment sections of YT channels that talks about jobs in Canada or US or somewhere else... I asked them why, and I haven't heard any replies yet. It seems like YT knew what I was thinking and recommended me this video which is also kinda sad...
Hi, I am a Brit and will leave soon. It really is a mess politically, economically and socially. I can live with the political and economic mess but not the social problems, so I will go. You know I get introduced to people and quite often their opening words are "what a mess the country has become". As far as I can see the UK is going nowhere except downhill.
It's almost impossible for young people to get a job in the UK. Companies are too picky for low skilled workers and mostly prefer university graduates, and the issue that high skilled jobs are in low demand makes university students end up working in jobs they are overqualified for.
You can thank Blair for opening higher education to 50% of the population. It used to be only 5% got a University degree, another 10% got a Polytechnic degree or higer diploma (essentially applied STEM). You could argue that that's too low for an advanced economy, but rather than structuring in lifelong learning and 2nd career training, the education establishment just slapped "University" on everything and crammed in 18 year olds.
If these overqualified persons can still get lower jobs, then maybe it is not that bad. From what I can see, if local home-grown job-seekers are willing to downgrade, unless they are past the age of 50 and applying for some odd job type positions, employers tend to despise such self-downgrading job-seekers. Meanwhile, these employers will then complain to the gov that they cannot find suitable workers at home.
@@markmitchell590 The issue is not that we have too many university students. IF anything this is being stigmatised now. Our economy does not support/produce enough graduate jobs. Its the fault of the people i charge. There is no leadership.
Such a shit take we have a massive skills shortage in the UK, become a welder you can work anywhere for decent pay. Just a bunch of Eng Lit grads complaining they didn't get their dream job
@@imwivstuipid hopefully attitudes will start to change towards those types of skilled trades. Britain not manufacturing things anymore and being very service based should 100% change as well.
I decided to leave UK as soon as they brought IR-35 to private sector. I'm tech professional and I felt like I was treated unfair - they expected me to pay full-time employment taxes without the job security, paid holidays etc. I decided to leave because permanent jobs offered low wages, then taxes and living expenses were very high - I won't metion cold, wet weather and horrible housing conditions. Left in 2020 and been way happier since then. I thought they said that after brexit, they will make UK, a business friendly place, but they did the opposite. To a far extent, it's an on-demand recission brought by UK gov.
Same here, but I moved to Russia XD.. No regrets. Ukrainians sometimes annoy me at night by setting off the air raid alarms, but that's about it. I NO LONGER HAVE TO PAY RENT AND GET UNLIMITED HEAT AND HOT WATER! Food is cheap, no private property signs everywhere that isn't a road. I AM FREE!!!!
IR-35 was announced in 1999 and, after happily working freelance for nearly 15 years in the UK, I had my H1B and was living in the US by January 2000. Left all my pensions etc behind me (they were, of course, front-loaded and had just finished covering the expenses) and started from scratch in my early 40s as the sole wage earner with a family of five (H1B's don't allow spouses or kids to work). I've never looked, or been, back. I'm only surprised it took IR-35 so long to finally kill off freelance work - the writing was on the wall from the moment it was announced.
This is a perfect example of how they mismanage the economy with short-sighted short-term policy. IR35 is a joke. Same as the move toward zero-hours contracts. Pay people less and take away the benefits at the same time and what do they expect to happen.
I'm in my 30s. I own a business in a town centre and I have felt the sting in the last few years alone. How our country used to be pre 2008 seems like a fantasy.
I got my first summer job at a teenager in 2006 and was so excited to save up my paycheques and get 6% interest on my ISA. By the time I finished my A levels, savings rates were down to 1%. We have been screwed.
The title is fair with 33% population in London and 50% GDP … would be a tad more extreme in developing country but not unreasonable, I am British also.
The UK has "Dutch disease" in that London makes the rest of the country too expensive to compete with other economies and unattractive for foreign investment. Some countries transfer wealth from wealthy to poor areas, like East Germany getting investments from West Germany, but the UK doesn't seem to do that. It's possible to let the invisible hand of economy take care of it by separating London from the rest, similar to the Swiss model of highly economically independent cantons. Combined with a separate coin for London, the economic differences between areas would be valued according to the market. Any (fundamental) change in the UK is resisted, but as the saying goes "it you love them you should set them free."
That comes up against the devolution problem. The English do not want to be ethnically replaced, and if Scotland, Wales and Northern Ireland became economically autonomous regions, so would England outside London, leaving London as a non-English enclave with little influence on the rest of the country.
Unironically at this point, England should be taking poverty reduction/development programs like East-West Pairing from China. The entire country is broken though and British people are absolutely opposed to any structural changes like Federalization (the logical end game of devolution)
@@markmitchell590 There might be a rift between the (English) upper-class inside and outside of London, as the London upper class moved into finance. It's possible the people outside London see the people in finance as pirates, working extremely hours on stimulating chemicals and having temporary transactional relationships, while those inside London see those outside as rentiers having rigged the system securing entitlements and estates for themselves. As London is declining against Frankfurt, Paris and Amsterdam those in London may find carrying all that dead weight too tiring.
@@liliya_aseeva I think London votes for it's best interests. Brexit was expected to be bad for London as a whole and bad for the finance sector specifically, as it turned out to be. (Although some specific people may be better off.) London has to stand up to a new reality, as the bankers that moved closer to their customers will have little incentive to come back unless the environment of doing business dramatically improves. That vote for dramatic improvement might be a win or lose choice, as the finance capital of Europe is a win or lose position.
"Britain's support to Ukraine essentially broke its economy" WHAT?! What support? Hundreds of billions were spent before but suddenly "support to Ukraine" broke the economy.
What Aid!? Ukraine is by far the largest recipient of UK Bilateral Aid. Cutting off Russia cost UK more than just throwing away billions - an energy crisis.
More the fact we sanctioned Russian energy, although we're still buying Russian oil and gas, we just get India to buy it first, then we buy it off India at a heavily marked up price. So the people get screwed over so we can appear to be virtuous. Meanwhile we're still funding Russia. Lose Lose situation. No doubt Sunak is getting a nice cut since daddy-in-law is BFF's with Modi
I’m from Mexico and many britains are moving here, people say you can rent a cheapper beautiful flat in Mexico City much bigger than one in UK. I hope people don’t suffer, Mexico was poor during many years and now we are seeing how our conditions are improving and our money has power. My grandpa was a poor kid that worked at a bakery and selling newpapers and I know he would be proud of how my generation changed.
I went to visit Western Europe, and my impression was, "It's basically Tijuana, but lame, boring, terrible food, and no freedom." Other than Barcelona, Europe was a dump with no redeeming qualities.
@@simas941 I said Tijuana, not Mexico as a whole. Secondly, so is Europe. Just take a walk by the Mulan Rouge and take a gander at the destitution and poverty. Take a ride on European public transit and see how often "Romanos" pickpocket. It's horrible. Paris, to me, was a cross between Baton Rouge and Tijuana, minus any good food or liberty. The best places in France are the Irish Pubs, and they are just normal ass pubs.
London has always been in its own little world. I moved out 20 years ago because I could see where the city was heading. The city of dreams? More like the city with no identity. You feel like an outsider in the heart of your own capital city. What is killing Britain? Lack of production. London has become a financial city and nothing more. It makes money by being rich while the rest of the UK is lost. No other city in the UK can switch to finance because they aren't as important as London, and it will fail. We need to become a production vessel again, but because of Brexit, the EU (Germany) will screw us with various taxes and absurd quality control checks that even other EU countries aren't subjected to - preventing growth. So, who would we even sell to? Every British company is owned by China, America or Saudi Arabia. We literally have nothing, and it isn't like other countries will help us out as the entire world hates us. We were the most powerful economy on Earth 80 years ago, and now we are being compared to Mississippi. We might as well just nuke ourselves and call it a day. We had a good run.
No body hates the English as people or even the current British gov. Stop playing victim and talking about the past. Ur ruling class just got lazy. Similar thing started happening to Canada in 2016.
At least the nuclear option would allow for rezoning, and much needed new housing to commence. Brexit, and a flood of new citizens helped how ?, Where?
Helloooo - it isn't just the UK you are literally describing the entire world's decline in the past 20+ years. Investors snapping up properties and then tripling the cost of rents causes hyper-gentrification and rapid stagflation which erases the middle-class buying power. This is the final nail in the coffin after the Free Trade Agreements saw the offshoring of most factories to 2nd and 3rd world nations with no environmental laws, so their citizens suffer in a polluted cesspool. Globalism has killed humanity with pure greed.
Nah I guess its primarily the UK and many EU as a matte rof fact. Nations like India would see BOON in manifacturing ahead, and with its steady economical growth and forex, I dont think foreign Investors are leaving Indian Markets anytime soon, and Inflation is a concept thats alooof here, yes Unemployement is still a major issue here
@@adityaranjansahoo6261 I'm sure all of the TH-cam vids in the past two years about the stagnating India economy are entirely made up. I remember when there were only 7 billionaires in the entire world. Now there are approximately 3000, if we include the ones that ebb and flow across the dividing line. The net worth of the world's billionaires increased from less than US$1 trillion in 2000 to over $7 trillion in 2015. This is a global issue about the disappearing middle class and it's disappearing buying power as the entire planet becomes Rich or Poor, with very few in-between.
@@SuperZekethefreak Yes Would agree with the Disparity factor, the Wealthy and the Poor, even Stark Contrast Ceases to be Small describing our Social Ammenties are easily available to those with Greenery rather than who need them, but I guess this is valid for many Places outside India too,
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I left the UK in 2007 at 21 and came back in 2017 after 10 years in Asia. I was shocked by the decline. 8 years later, I am genuinely worried about the future. Where will we be 10, 20 years from now if this trajectory continues?
@@AeneasGeminieconomy wise , job salary wise , opportunity wise, tech startups , business startups, the US can never be a failed state. Your comment is bias and baseless. The poorest state Mississippi still has a $200billion economy and offer high salary jobs. The UK has some of the lowest salaries among developed nations. USA has issues, but the fact is the country is so vast that it can absorb a lot more strain than the UK. We have low unemployment, lower inflation than just about any country in Europe, and more opportunity,. It still amongst the leaders in tech, AI, Space explorations, chip making, etc. One thing the USA has an advantage is, its now pumping its own oil and leads the world in oil production and Liquified Natural gas. When it comes to trade, usa still ships out the most goods/products worldwide right after china. Every state has its own laws so at least a few of them are always booming. The US isn't perfect, but it's doing better than most of the world. I remember this UK man being interviewed on TV and he said American startups like SpaceX, Tesla, google, Apple, Microsoft and others would have failed in UK because folks in UK dream small and the government wouldn't backed those companies with federal funding like the American gov did with SpaceX and Tesla.
To the people who point out how the UK exports services, what services aside from finances does it export? Those financial services only benefit maybe 10 people in an office in London.
Engineering, Business Consultancy, Legal Service, Technical Engineering, I.T. A.I etc not on a large enough scale but these are the services and areas the UK should focus on
Worse. They only benefit the people in the City of London - the tiny secret city that isn't actually a part of the greater London metroplex. You should look into who lives and works there. Those are the real elites on the island.
millitary aid.. for example. britain dont want to loose ukr cuz of long term interests. but the old and senile empire blundered im looking forward of the balkanization of the uk.
That's why Britain is so rotten now, they used to export services in last 30 years, but now no one needs their services, there's no technological gap between European countries and Asia, for example. It's just the fact that the hegemon now is the US, not UK, so European economy will suffer, and it kind of does already, just look at Germany, it's not stagnation, it's straight-up DECLINE.
As someone living in the UK and getting to the end of my career I can say that it has been quite a rollercoaster. From the desperate situation in the 70's to the economic boom of the 80's then the housing crash of the 90's, then recovery to the 2000's, the IT bust of the 2000's and then the financial crisis of 2008 it was a crazy series of boom and bust. However the one common theme has been a gradual downward trajectory after the growth and optimism of the 80's. Over the past 2 decades it has been in terminal decline and now we are seeing it falling off a cliff. I pity the young who are just starting out, their lives are going to be horribly blighted by the terrible governance we have had over that time. My advice would be to get out of the UK and go live elsewhere, I fear the UK really is finished this time.
CORRECT! Exactly my thoughts. If you are young and educated or skilled, go to Canada, Australia, New Zealand, even the USA. If you speak a European language try there. None of those countries are perfect, but I TRULY believe you will fare far better than staying in the UK.
Leaving your country because it's shit instead of fixing it is exactly what conservatives always bitch and moan about, but you out here casually throwing the idea.
The thing is it's getting worse everywhere that's the plan of WEF to collapse the economy everywhere to get absolute power, control due to AI n automation. However, who wants to live in UK if the money is not there anymore, even if you have the same money it's way better anywhere else, weather, houses, safety, heath care, not too many dodgy people from around the world.
@@hectorpascal Australia, New Zealand and Canada are done for. The US is the only country where things are consistently improving. Australia has no primary industry other than resource extraction, and living standards have been sharply declining for years now. Cost of living is becoming extreme due to rampant housing speculation, and the lack of a strong financial market like what the US has. Australia, which formerly had the richest city in the world (Melbourne), is going the way of Argentina. The wealth is fake, and the country will not keep going.
Wow! The world is surely shifting. UK has economic troubles, Germany has big time troubles, China has economic troubles, and France has its problems. Yet it seems like there are up and coming countries like India, Vietnam and others. Maybe these countries will experience good times. somebody has to.
@@Lucas-wn5wm Well - This is the story rich folks have sold us in recent years when they decide they can make money from cheaper labor elsewhere. Fiduciary "efficiency" doesn't mean it's good for the working people.
@@daniellarson3068 its a thing that is concerning but hard to prevent. When cost of living rise so quickly. Part of it is first government to blame as they prefer high gdp growth YOY untill they hit a inflationary point that manufacturing internally is too expensive.
When my parents went to Switzerland in 1965, it was 5 Swiss Francs to £1, thirty years ago it was two and a half Swiss Francs to a pound, now there is parity between the two currencies.
The reason for the collapse in our productivity is that we have become a neoliberal technocracy. Fundamentally, our ideas about how to fix things is deeply flawed. We think we can manage our way through issues with technocratic edicts rather than through proper investment.
@@AquaticSkipper Not sure about qualified, but yes, much of the decision making in the UK is made by unelected technocratic boards, commissions and quangos. They create labyrinthine, highly prescriptive and punitive contracts for government bodies, public services and outsourcing companies to follow, crippling the ability of people within these organisations to make practical decisions. Procedure, process and reporting take priority over productive work.
@@asdasdasddgdgdfgdg United States built on immigrants. Cold War was won by immigrants. Go on to any Grammar School in Kent and see which kids have been selected immigrants. What Country has three Universities in the top 10 UK, where do the students come from? London will continue to provide for the rest of the UK.
I am a civil engineer. I emigrated to the UK because they needed my experience. The "job for life" ended after 4 years. I have enjoyed a wonderful career ABROAD ... The mismanagement of the country is stunning. The lunacy persists.... we had an empire, you know ...
@@Self-is-UltimateReality Ah you believe in the "they stole all their wealth" story? So why don't poor countries just go and steal from rich countries then? You can't have an empire if you aren't already rich and powerful. Remember the scientific and industrial revolutions? They started in England and they produced your modern life of ease and comfort
From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
I'm 60 and my wife 53 we are both retired with over $1 million in net worth and no debt currently living smart and frugal with our money. Saving and investing lifestyle in the church stock market made it possible for us this early even still now we still earning weekly
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been
I get what you mean, but Singapore is much better than London; less crime, less taxes, less dirty... I left London for the south coast, London has become a shithole in the last 10-15 years. The country side is still relativelly nice
The UK is going to face a massive problem in the next couple of decades. Not many people seem to be talking about it. Our ageing population is going to put an unprecedented strain on public services, and the working population, which is constantly getting smaller due to the decreasing birth rate, is going to get squeezed more and more as taxes are constantly raised. This still won’t be enough, and the retired population will see their quality of life decrease too. The country is going to be crushed from both ends.
Already happening where i live and all around the world as well. Young people do not want to live in the world we created and they certainly do not want to bring up children in this world. We're at a point where something either has to be done soon or we just quietly all start disappearing by trying to uphold something as arbitrary as global economics that have always only benefited (and overly benefited at that) a small number of people.
I mean its set in stone - ageing population dies, natives don't reproduce as they are priced out and the sexes are pitted against eachother, they get replaced by low skill immigrants, Corporations and political class now have complete control of a new submissive low skill population.
I am from the other side of the Canal (Netherlands) and things are (still) pretty well around here! Yes, business are closing here, BUT that's mostly because they cannot find personnel to work there 🤔 Our Debt/GDP ratio is just 44% On the other hand, with both our big neighbours (UK, Germany) NOT doing well, things will most probably also turn for the worst here too soon 🤨
Stop believing the lies about migrants from none western countries is a positive thing and you will be just fine, and don’t spend more than you earn or bow down to the EU if they make harmful demands, in Denmark and Sweden none western migrants on average in all generations cost every year of their lives 10.000€ in Norway it’s even worse.
Yeah never understood why the Netherlands seems to fair well (or it all government porkies?) I mean really their so socialist its ridiculous. Howver they do have a couple of large companies global players. In fairness to the UK, the EU as a project was not designed to benefit them, and really it was just the export of the UKs wages into Europe for decade upon decade.
The UK is actually leading in terms of the G7. We also jumped three places in world exports, overtaking France, the Netherlands and Japan. This content lacks a great deal of context and is bordering on misinformation because of it. Covid measures did kill the economy needlessly and the Ukraine war is a real problem. Having said that the Uk was vastly less exposed to Russian Energy than say France or particularly German. About 5 to 10% instead of the huge percentages of European nations. But context matters. The EU itself is in crisis. No trading block can afford to fund a parasitic organisation with the budget greater than a large country and no gdp, take on millions of unproductive costly workers and create legislation designed to benefit the corporate globalists that control it alone. It is a regulatorarally and financially flawed at a systematic level. In the Netherlands they tried to seize control of all of your food production and agriculture which would have been transferred to those few corporate interests. You wisely kicked out their proxy Mark Rutte and replaced him. In the UK we have a similar threat under our current puppet prime minister. He has policies to deliver to those same organisations. We all live with the risk of being in a policy for sale world and need to vote more responsibly as you have done in the Netherlands.
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Hi Shirvan, loved the video and found it very informative, like always!
If I may make a bit of a critique. Though it is right for you to point at politicians for stirring up tensions, I think you should also have mentioned why this is so easy for them to do so. The reason in this case is that the lower class has practically no benefit from the upsides of mass migration, but does have a lot of the downsides. And they compete for the same housing, jobs and benefits. Add social tensions because of cultural differences to the mix, and you are left with a powderkeg ready to be lit.
Even the Office for Budget Responsibility has had to acknowledge that the Mass Immigration project costs the econony millions per person*.
The economic point of the project is to keep tamping down wage inflation, forestall the need for modernistation & automation investment & keep the consumption economy increasing all of which also suppresses the possibilities of a large independent block of natives with the wealth & solidarity forming to challenge the status quo power elite.
*Albeit by still massaging the figures by comparing immigrant workers to the average Briton - the latter including children, the long term sick, disabled & retired.
Mass Immigration hasn't worked for the UK in terms of growth (except as measured by mere number of bodies & their consumption*) & in fact costs billions; English children are set to be a minority in English schools in just over 10 years.
The English Nation to be rendered a minority in their homeland of England in a mere few decades; all Britons to be a minority in the UK (all the Isles in fact) a few short years after that.
These non proposed, demographic & cultural policies of increasingly marginalising & minoritising Native Britons, that were never openly proposed or voted for, but in fact voted against, have been a disaster & need to be stopped & reversed.
We want, have appealed for & are entitled to demographic & cultural security in our homeland from our institutions & those that wield them who are denying us it.
It IS an existential issue & we are rapidly approaching a point when self defence calculus applies...an in increasing number of people do so with immediate necessity & foresight is a gift.
@@iamstainlessnlEurope has always been a dump. He showed some good scenery. But it's back to futilism because of slavery and not paying those reparations. So war, on horizon man😂
The British spent a few hundred years robbing everything they could. They are not going to run out of money.
@@iamstainlessnl and yet it was the "lower class", the least educated and/or lower intelligence folks who disproportionally voted for Brexit which has crippled the economy which, as stated in the video, ironically necessitated more immigrants thus exacerbating the main issue they were foolishly voting Brexit to curb!
This shows you why education is so important.
The dumbest people in the UK screwed themselves, and everyone else.
As someone rightly said: "From an empire where the Sun never sets, to a small little grumpy island where it never rises”, Britain has come a long way!!
The attitude adjustment is good though.
Now I can speak fully with brits, because the grandiosity delusion is much reduced.
💀
Imagine torching the worlds largest empire just to stick it to the germans
They can thank Churchill for that.
It was all Britain's fault, they tried to become the world police during world war 1&2 in return it costed their whole damn Empire, also they failed to keep countries like Australia, Canada, newzealand together with them. Now they are almost an insignificant country compared to what they were a century ago, it's like US reduced to new york city.
If any Brit thinks about doing plumbing in Poland, we are open for business.
Sod off to your sausages!
Us pesky brits stealing your jobs haha. I love Poland tbf
made my day :)
Plumbing very expensive mate, they charge an arm and a leg for a 1hour job…
I said in a video how poles coming to UK to work in trades and send money back has helped the polish economy and people mistook that as me hating on Poland. I'd gladly take any job in plumbing in engineering over there if Poland would have me.
Turns out not producing anything nor providing any services isn't good for the economy, who'd'ave thunked it?
Thats what I was thinking. Outside looking in, I always thought of Brits as the "loafers" of Europe. Germany and Spain has the auto industry, France has food and energy, Poland sells tech equipment and hardware, and the UK sells...online insults about countries that aren't themselves?
@@Red-Magicit’s a thankless job, but somebodies got to do it.
@@Red-Magic Oh sure the British who gave the world the industrial revolution, the country which was called the workshop of the world just decided to become "loafers". Thatcher closed down all the industry so the banking cartel could have a stronger pound and play their casino games. That's what happened and the Right wing media bullied Labour into accepting the new economic structure. You argue like a teenager
Well there were millions of people in the 80s who were saying the same thing as Thatcher closed down all the industry - and it wasn't just nationalised industries, it was private sector manufacturing. She wanted to reintroduce mass unemployment to stiff the unions and to allow the City banks to speculate rather than invest. And the Right wing media hollowed down anyone who dared disagree such that eventually the Labour party accepted the new neoliberal settlement
@@Stealth86651 "we used to make steel!"
in UK Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.
ideally, you should consider financial planning to get the best results with your money, notwithstanding economy situation
- Well agreed, I'm quite lucky exposed to finance at early age, started job at 19, purchased first home at 28, got married shortly afterwards to raise kids early. Going forward, got laid-off at 40 amid covid '19 outbreak, immediately consulted with an advisor in order to stay afloat and after subsequent investments, I'm barely 25% short of $1m ballpark goal as of today.
that's incredible! would you mind if I vet your advisor please? started investing in stocks November 2022, but not confident to make the correct investments as of now, seeking professional help to achieve my financial goals
Melissa Terri Swayne is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
As someone who lives in the UK the decline of living standards and the general slide in the state of this country in the last 10-15 years is shocking
Import the 3rd world, become the 3rd world
2 million immigrants will.do that to a country.
Just today I saw a chart of Gold Reserves in Europe and it was quite shocking that my small country of Portugal has currently more gold than the UK. Which is quite surprising. More than Spain also quite surprising too.
@@greyghost2492 Imagine taking a complex socioeconomic topic and reducing it to misplaced xenophobic talking points. Good shit
@@pedrorequio5515 the UK sold all its gold reserves at rock bottom prices a long time ago
Im a Welshman in Finland and I can say just one thing that sums the UK up for me atleast.
Taxes. Here in Finlan taxes are insane, but.. you have clean streets, snowclear every time it snows, nothing is broken, everything works and people are happy.
UK is falling apart even with high taxes.
I'm Welsh in Birmingham UK. We imported third world immigrants we will GET Third world. Also our forefathers sold us out in 70s 80s
Finland is not doing so great either though...
@@Gkihfljik67You made functional economies poor(er) now deal with the consequences!
Taxes? The UKs main problems are at they don’t produce their own energy, don’t manufacture much anymore and they’re importing unchecked low skilled migrants into a country with a shelling industrial sector.
@@Gkihfljik67 You Welsh are considered "Third World Immigrants" in Birminham, ENGLAND.
When I lived and worked in Japan I didn’t mind paying taxes because I could see the benefits.
I rented a decent place, had a car and was able to make purchases like a new bike / PC without worrying.
I did t even need to bother looking at my utility bills because they were so cheap.
Back in the UK, I pay more taxes yet the streets look like they have been bombed. The once beautiful town centre is covered in chewing gum, litter and stench. I have to pay private to get accessible healthcare and the police do nothing to punish criminals ruining our society.
I have a slightly higher salary yet I actually have to budget way more here.
I live in Wales and a train station in my town had its windows broken about 18 months ago, they're still broken and all they've done is put barriers up to stop people going there. Our trains are about 50 years old. I'd thought about moving to Japan myself, but I'm not a "skilled" worker.
@@ashliiprigmore5441 Japan's gonna keep bringing more and more visas so you'll prolly be fine. I'm myself planning on moving there in the IT industry after getting a few years of experience myself, the only challenge would be learning the language(it's a bloody difficult language) but the quality of life over there is too good to miss lol so gonna put up with the language
@@ashishbarthwal6961 I used to work in the small scale IT field myself, just building and repairing computers. I loved working as an IT tech but man it's hard to get jobs in that around here. My partner speaks Japanese well, and I'm already bilingual. Fingers crossed there's more visas though!
Yes, same for me in Hong Kong. Sadly neither the UK or HK or safe enough to be home now.
@@mmaidofsteel I'm not a Hong Konger myself, but a great grandfather was born there when it was still British held. A lot of Britons used to go over there during recessions for work; I think Hong Kong should be independent, but of China as well as the UK. My uncle's family left when the laws started getting stricter there. I hope you and your family get somewhere safe!
The situation is worse in the United States, where our economy is struggling to survive like a flailing fish. The U.S. economy is truly in a very poor situation right now. As a result, it experiences convulsive spasms and desperately tries to develop in whatever manner it can. Tricks, gimmicks, and rule changes are all attempts to boost the economy and keep it from collapsing, but they only provide short-term respite to people because inflation causes us to decline.
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.
I've stuck with the popularly ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, I agree with her.
she appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I am a Portuguese engineer who worked in the UK between 2012 and 2015.
In my opinion, one of the root causes for the UK's lack of productivity stems from the excessive influence of the financial sector, who just "makes money from money", without producing anything tangible and tradeable, drives the cost of living up, makes it very difficult for industries to be competitive, and attracts too much young talent who go to study in management degrees, instead of engineering ones...
As an economist I must say no our finical sector is what driving UK growth at the moment.
@Toodyslexicforyou cancer tumors help gains weight too...soo yeah finances keep alive the economy in fact actually but also are a burden
@@raipe125 you do know economist use FACTS & DATA to prove there argument not….. analogies…. So glad I spent my time studying just for some loser to put poetry to fact 🤣🤣🤣
It is amazing to me that Poland and UK, despite having such different history, currently share almost the same exact issues
Ual, entao a baixa produtividade advém de um setor financeiro influente?
Nao sao os impostos, nao sao a imigração desenfreada, nao sao as leis draconianas...
Voces engenheiros portugueses sao mesmo brilhantes.
Britain should try podcasting
Need Benny Hill back
@@rogerbartlet5720 idk, Mr. Beans was peak British culture
or onlyfans maybe....
I heard being an influencer online and showing your body pays quite well... 😂
it'd be horrible, too lol
During feudalism 10% of the population had 90% of the stuff. We're almost back to that.
That’s exactly the plan
And yet quality of life for the 90% who have 10% of wealth is better in Switzerland than in Cuba where the 90% have 80% of wealth. Aren't statistics funny?
USA is already worse than that. 😅
It’s exactly as the tories intended. The US has this same problem whenever our conservative party is allowed power for too long, they cut the legs out from under normal people.
i think it has been like this since the beginning of time
Uncertainties, worldwide swings, and the aftermath of the pandemic are all producing instability in the economy. All sectors must give rising prices, slow growth, and trade disruptions immediate attention in order to boost growth and restore stability.
At the moment, things are peculiar. Inflation is making the UK less valuable, but it is growing more valuable in relation to other currencies and assets like gold and real estate. Because they believe the dollar to be safer, people are using it. I'm concerned that because of the high rate of inflation, my about $420,000 in retirement funds may lose value. We can't keep our money anywhere else.
People frequently undervalue financial counsellors until they experience the consequences of making emotional decisions. I recall needing a boost for my faltering firm a few summers ago, following a difficult divorce. After doing some research, I located a certified advisor who worked hard to increase my reserves in spite of inflation. As a result, my reserves rose from $300k to approximately $1m.
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
This is what happens when the political class/oligarchs hold their people in complete contempt. It’s not even indifference it’s malevolence.
Yep. National Socialism demonised the Red Sea Pedestrians. Supranational socialism demonises white dudes, who are the productive element of the economy.
No. This is what happens when the rest of the world learns how to manufacture on an industrial scale. The 1800-1900s are over. You need to be better workers than the Chinese. Japanese are also getting f-ed. Nobody is buying Sony, Panasonic, Hitachi etc, when Hisense, Samsung, LG etc are cheaper and just as good.
This. I started noticing around 2000 in the US that the Dems seemed to actually talk more about poor foreigners than poor Americans. They then started to offer things to illegal migrants that even poor Americans didn't get from the government. Then they openly started calling voters "deplorables". They truly hate us plebs. Why? I suspect when you destroy nationalism, you don't actually get global brotherly love, you actually get hatred for your next door neighbor which now you just consider a nuisance and not countryman.
You have this half right. Corporations are mankind's greatest threat.
@@stevenhenry5267 I agree, maybe I wasn’t clear enough. The Oligarchs are the Corporations, the political class are employed as the middle management. Corporate interest are the policy makers, the politicians just handle the implementation & necessary paperwork.
Northern Ireland here. When I was young we used to laugh at how poor the roads were in the Republic of Ireland 😆. Now their roads are immaculate and ours are abysmal. That’s just one example of what’s changed in 20 years.
Maybe time to leave the UK.
Been there. It's a joke 🤣🤣🤣🤣.
I was back working in Glasgow this summer and the pavements looked like someone had taken a hammer to a concrete patchwork quilt. I love Scotland and my home city but here in France the infrastructure is excellent in comparison.
How could your government focus your economy relying on one central area?
not being funny but you see the road in Belgium the so called captial of the EU. the roads are the worst roads i ever seen in Europe.
God that’s the greatest insult, to be compared to Mississippi you must have severely screwed up.
Mississippi is severely screwed up. Everyone knows that Brexit was designed to destroy both the UK and the EU.
It certainly isn’t good for a first world country, but it’s also not as bad as you think. Mississippi is a meme because it is, by basically every measure, the worst state in America. But America is such a massively productive country that Mississippi still easily qualifies as an advanced economy, with a GDP per capita between those of the Czech Republic and Spain.
MS is better off probably since they didn't reject God
Mississippi has higher gdp per capita than almost all of Europe.
US poor is Europe upper middle
Mississippi compared to other US states is near the bottom, but it is still high compared tot eh rest of the world. But what is interesting is Mississippi has less than 3 million people, whereas the UK has almost 70 million people.
I’m looking for opportunities to profit in a potential downturn, According to rating agency Moody’s, both the UK and the US are set to fall into a recession because of higher interest rates.
An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions
I agree Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the advice of my financial planner who has helped me gain $985k in a well-diversified portfolio that has experienced exponential growth
It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advisor.
Sharon Ann Meny is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
It's a country that's been asset stripped to the bone.
For the last 15 years we've exclusively taken the option that generates the most money short term, without any idea for the long-term.
Overly pessimistic
15 years?; the last 40 years atleast!
@maxdavis7722 If you could provide an example that proves otherwise I'd be interested to hear it?
bruh we've been in austerity for the past 15 years. We haven't generated anything short term either lmao. It's just been a slow decline with zero investment, with the exception of vanity projects like Boris's Bridge garden, or whatever it was.
Agree. Except I'd say the asset stripping started in the 90s. And we're fully feeling it now...look at the Water Companies, for example.
UK has the worst of capitalism and worst of socialism 😂
That’s actually a great way to put it
All a result of faux socialists and Neo-Marxists running the place. The state is not your friend.
I aggree, but this is bc the Tories and some Labor cabinets actively sabotaged the NHS reforms. Just look at who is getting richer and who i getting poorer since the austerity measures.
It may be bad but not worst because the worst is here in India.
Worst of both capitalism and socialism.
@@kanekiken2002 India is a newly capitalist society will take time but UK 😝
I live in outer london. 20 years ago I earned just over minimum wage. I had a 2 bedroom property and a half decent car. Now I earn 60k and have a 2 bedroom property and a half decent car.
At this point man the inflation will outgrow your salary increase
Good luck 👍
At BOE inflation calculator you can see that 60k in 2024 is equal to 34k in 2004. But I am sure minimal wage back then was like 9k. Now minimal wage is 20k.
So technically you earn 3x as much but you living standards are comparable
they break your legs, give you a wheelchair then say they helped you
In 2005 the uk minimum wage for a 22+ year old was £5.05 per hour, which is £202 for a 40 hour week, £10,504 per year. £6 per hour - a 20% increase - is £240 and £12,480. Reversed inflation on £60,000 to get it to those values takes you to between 1977 and 1979.
In 2005 i was on minimum wage, 26 years old, and living in an ex-mining village just outside of Newcastle.
I find it very difficult to believe you're telling the full story.
@@jjaa damm that's bad bro
An unhappy era when each other consumes each other's misfortunes. People all over the world are no longer in their right minds
An unhappy era when people consume one another's misfortunes.
My taxes get higher, my food gets expensive, my car becomes harder to maintain, yet these fops in office have the audacity to tell me they're "fixing it". They've been "fixing it" for 15 years, the only thing they're fixing is their own bank accounts.
This is conservative economics in action, cut from the working-class benefits and services, and enrich the upper-class in promise of a "trickle down" effect. Compare to a Nordic country like Sweden or Denmark, where they have high taxed, but the government hierarchies are flatter and the use of that tax money is transparent. So they actually provide all kinds of well-functioning services to the public, from education, healthcare, infrastructure, entrepreneurship benefits, housing subsidies etc. And as a result, the middle-class grows stronger, and people live a better quality of life, because the system doesn't create a tiny group of rich cats buying out all the property, making education expensive, trying to rob the middle-class and poor etc.
Even if a conservative government campaign on "tax cuts"historical evidence shows that this will be in best temporary for the middle-class.
Because the costs associated with conservative economics for the average person in the long run, will be a far larger burden.
@@AK-jm1scYou're just lying, Denmark is more free market than UK ever will
Of course. You dint think they went into politics to actually serve the people do you?. Woudn't that be a novel idea.
Yes, it's been 'fixed;' since 1979 when Thatcher chanfged our economy from Keynsianism - one where all businesses which make a profit for the country are expected to pay tax to make that country run, to Monatarism - one where the corporations/businesses which make a profit from this country are given more taxpayers money just for making that profit and pay NO tazxes... The tax is now levied only on those who live, work and are so poor they have to pay taxes.
It's the trick;e-up effect and it's the reason that all over the world in 2011, economists and protexstors were jounuing together to oppose this 'rob the poor to pay for the rich' system .. and were silenced.
Remember 'Occupy'? THAT was ordinary people asking for the global economy to work for people, not banks and corporations.
THe info is stull out there and ion the Net. THe more we learn of how banks and corporations work, the clearer it is. BUt... people are being directed to consiracy theories and kicking down at those poorerr than themselves instead.
That's how the rich keep the Poor down. Divide andRule. Never fails.
@@AK-jm1scBritain is fucked, Europe is fucked and America is fucked, I’ll come back to this comment in a month
As a third worlder living in London I have to say the UK is most definitely NOT a third world economy. People mostly own their homes in those.
😂
You live in London, the one part of the UK that on an economic level, doesn’t resemble the third world.
@@cobbler9113 it resembles the third world in crime statistics
Foreigners owning central London. Only financial guys live there based on tax avoidance favours of the city!
Lost empire but still arrogant
Tell me which areas in the UK represent a 3rd world country?
I travel around the country and I can tell you no area does
It is weird that my household income is literally double what it was ten years ago and we somehow have LESS spending money. We no longer have a car payment, we eat out less, we get coffee less, we haven't had credit cards for over five years and have no credit card payments, and somehow we have less disposable income now than we did then. No wonder the economy is bad just buying the things we need to survive is taking up 95% of our money.
Simple, UK was so long on the table, now they are on the menu.... understand pl
Yup exactly the same here, more than doubled the income did not increase spend yet feels like I'm going paycheck to paycheck madness
Exactly this.
@@MrUnknown2105 I went from working a £24,000 call centre job to a £40,000 truck driving job and after the increase in tax im really not that much better off. Im thinking of moving back to a lower paid job because its less stress and shorter hours.
@marktucker208 I went from a fuel station to trucking. I earn 33k basic and I'm definitely better off financially, even after taxes. So i think you're wrong there. You're right about hours though. In most jobs you start on time and finish on time, in trucking it's nonstop forced overtime.
A very simplified (and inaacurate view), Britain's structural economic issues started well before the 2008 financial crisis. The "de-industrialisation" which began in the 70s, the privatisation of services in the 80s etc. I can even argue Britain never really recovered from the cost incurred as a result of WW2.
There's no economic or political solution to a spiritual problem. Lack of repentence of the general 'indigenous' populace.
As someone who use to live there, these issues were visible 15 years ago but people ignored it.
Exactly. We got out in 2007.
Brexit broke the camels back.
Not everyone ignored it. But most politicians certainly did.
People are still even ignoring it now and still not as vocal as they should be
The issue was the Tories. The economy was consistently growing at a healthy rate until 2008, and rates of homelessness and NHS waiting times were way down. We could've ended the recession much sooner if we had a government willing to invest in economic growth, but instead we've had 15 years of the Tories starving our public services with austerity, dismantling our most important trade partnership and funneling money into their pockets with nepotism and tax cuts for the rich that have left a massive hole in our budget.
So basically they renamed the unemployed to economically inactive and called it a day off.
Yep.
Changing the names for things has worked for the NeoConservatives since 1979...
THey changed how Unemployment was calculated THREE times in 1983... until the largest unemployment since the '30's was "below what it had been under labour"... and they've been doing that ever since.
If Unemployment was calculated today as it was calculated in '79, the figures would be seen to be appalling... but the NeoCons have ensured that figure is never revealed.
In who's interest is it to recalculate unemplopyment figures to show they're far worse than they have ever been?
No-one in Government, that's for sure.
It’s so Victorian
This misrepresents the issue. There has always been a distinction between "unemployed" and "economically inactive" in economics. The former refers to people who are seeking jobs, yet do not have one. The latter refers to people who do not have jobs because they can't work or don't want to, which includes children, the elderly, stay at home parents, full time students, disabled people, prisoners, so on and so forth.
The difference is important because the numbers regarding each group tell us very different information, and conflating the two groups will result in data that's useless at best. If we do not make a distinction between people who want to work but aren't working and people who don't want to work/cant work, we will end up with data that indicates unemployment crisis because we've decided to class infants as unemployed. Thus, infants are economically inactive, and a 35 year old who keeps applying to jobs but never lands an interview is unemployed.
This is relevant to policy because if we include people who do not want work/can't work in unemployment stats and then attempt to make policy changes in order to increase jobs, we will have created jobs for people who will never apply to them, creating its own crisis. If the problem is that there's actually a large economically inactive population, then creating more jobs will not solve the problem, you have to instead create more economically active people. Failing to distinguish between the issues will result in the wrong solutions being applied to the wrong problems, and so the problems will be unsolved or will worsen.
The distinction is actually both semantically meaningful and important in ensuring that we have useful data that accurately represents the state of the economy, even though the two terms sound like they aren't substantially different on the surface.
Yes, building a narrative, rather than fixing the problem.
@@Parrot5884 Well, and clearly, said.
THis is a general trend by Those In Power - an erosion of meaning, making words that have meaning into words that imply meaning but are entirely open to interpretation.
THere are so many examples of this process - especially used in the 'News'.
I'm failing to think of a decent example but 'Grow' and 'Offence' are two currently overused words that only make sense with a context and so can be used for pretty much what anyone likes... so obviating the messy details of actually defining understanding and analysing a situation.
Onwe word that;'s in general use in Popular Political discourse is 'Change' - everyione says they want it and every Party promises it. No-one wants to define it and so 'Change' allows pweople to fantqasise about what they think they voted for and the people who "deliver" (another meaningless term) it can assure everyone that this is the 'Change' they promised.
'Brexit' is another lovely 'Pretend it means what you want' term .. It means itself... which can mean anything ... like 'Leave'.
Happy Sunday.
Was waiting for this ever since the saying "London is a 1st world economy attached to a 3rd world country" was coined
What did they do with the trillions they stole from Africa and India?? 😂😂 That money should have lasted generations.
@@RUTHLESSambition5true just look at how Africa spent these unlimited ressource mon... Hold a second
@@RUTHLESSambition5 Now transferred to the globalist corp and private equity firms.
crime rate per 1,000 people (Source UK govt site and Wikipedia)
Ethnic Group Rate per 1,000
Black 24.5
Pakistani 10.3
Mixed 9.9
All ethnic groups (average) 8.9
Bangladeshi 8.9
White 5.9
Indian 3.1
Arabs 3.0
Chinese 1.1
@@gregoireaurelien8205 I'm Kenyan, no sugarcoating anything, we have underperformed in the last 50 something years after our independence, we have since then never industrialised, still have crappy infrastructure, corruption, etc, while Britain had all those figured out literally centuries ago while we were hunter gatherers/nomads or living in disorganised agragrian societies.
Now the question about what Britain did with the wealth they plundered becomes relevant; you have everything, organised economies, industrialised, homogenous society(yeah muuh immigration, but UK is still majority white Anglo saxon while Kenya for example is fragmented into over 40 something distinct ethnic groups), military powers, and to crown it you colonised half of the world.
Now you want to benchmark England with us? Aren't we the mud hut people?
People often ask why UK productivity is so low but ask yourself, if you are working a full time job and at the end of the month not seeing any reward for that because almost everything you earn goes on bills/tax then wheres the motivation for people to work hard? Not to mention that most of the country is depressed as fuck, feels little hope and is spending their time worrying about whats going to happen if they have an unexpected cost like the washing machine breaks down or something.
Anyway, for me, the country is destroyed. We lost most of our industries to other countries and they wont be coming back because the costs in the UK are astronomical compared to countries like China, India etc. The government only seems to want to focus on the financial services sector, house building and net zero.
The guy said in the video that productivity was not about working hard, but investing in industries that generate greater profits such as transitioning from farming, to tech industries.
House building would be the single biggest aid to this situation. More houses = less demand + more competition to private landlords. Result: significantly cheaper property. Sucks for the value of the landlords' houses, but works for everyone else.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down
Immigration rate is so bad
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How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
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"It's not like we make sports cars anymore. We don't make anything" - Jeremy Clarkson
@@eg8568 As a manufacturing student in the UK that qualified in 2016 I can tell you I am no longer in manufacturing. Another friend of mine went to work in the British automotive industry, 2022 he lost his job due to closure and struggled to find work in the industry. Before 2016 we were a strong hub for international manufacturing trade because we set the standards and looked good as a European headquarters. We have rejected the European standard, made trade harder and so therefore look like a rubbish option for investment or putting a headquarters in. That is alot of high skilled jobs gone.
We do not make enough. Alot of services start with the creation of something, producing less means less contracts and need for services to exist. The less we generate the less money is invested and therefore the less likely we are to see investment, which means less construction (again the need for supply chains, contractors or materials) or need for services like finance. Production of real assets is the curse of the UK. We do not produce enough, smart enough and because of that we see a knock-on effect.
@@eg8568 None of those brands are actual British cars anymore, JLR is owned by the Indians, Bentley is owned by VAG aka the germans, Rolls Royce and Mini are both owned by BMW even more germans and Aston Martin has many different owners. They might be built here but there is nothing British about them they're as British as a Nissan or Toyota both of which are built here too.
@@eg8568the manufacturing is more of a cottage industry that produces luxury goods in relatively small numbers.
Ah, yes, the finance industry, banking, which has brought the UK to it's knees in 2008 and never really recovered. The industry that made the whole nation suffer, but never benefited the average citizen.
Finance industry is not much more than glorified gambling casinos that often bet against the UK and have to be bailed out every decade or two. Industry that actually doesn't produce anything tangible, "makes money from money".
The only people that benefit from the industry are rich Londoners.
@@gravemind6536 built here was the point I and the original commentor was making
@@eg8568 June 2024, the manufacturing sector accounted for 8.8% of total UK economic output (Gross Value Added) and 7.0% of employment. Not a lot.
It's backwards. You can live a better life out of London then in London. The fact that it is performing well doesn't mean people are living well, mean that corporations are performing well. In reality the city is ran by min wage workers who buy reduce food and clothes and share a 4 bedroom house with 6,7 people. Middle class people can't afford to buy a house and also have to share. Everything went up 20,30% salaries stayed the same. Nursery is 2k a month if you want to have a kid...4k if you are willing to have two. But again who wants to have a kid when local kids are stabbing each other on weekly basis. Honestly, it was be a beautiful, historic and fascinating mega city, but it became so hard to live there even for middle class professionals, that moving out is the only option if you want a normal life
Can you ? I live in Birmingham it's as bad here now
I live in Lincolnshire. A so called poor county. A just work 24 hours a week due to having saved up too much money. My 3 bedroom house is paid off. I live next to a 2000 year old Roman Canal in a quiet village. Free fire wood. Solar panels. Everyone says "hello" in the street. Monthly direct debit of £260 a month. Life is too easy. :)
Also The City isn't even a regular part of the Greater London Authority
@@damianbutterworth2434 I agree. Success in the UK is an illusion to a degree. People are desperate to live in cities and climb ladders to nowhere, but in Pembrokeshire where I live the standard of life is much better despite the lack of well paid jobs because houses are a reasonable price and the cost of living is very low.
@@candybraceletsI'm from Pembrokeshire too. Wait till you get sick and have to phone at 8am every morning but get turned away by the receptionist, every single day. 23000 patients and only 4 or 5 doctors. That's crazy. I've lived in the dock all of my life and it has definitely gotten worse. Even the roads are horrible with potholes that'll take the council ages to fix not to mention a crap ton of shops shut down. The high street used to be full of different kinds of shops but now there's 2 bookies, charity shops and only an ungodly amount of takeaways.
Finally some good news in 2024.
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.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of $250k...that's like 7times more than I average on my own.
@@hasede-lg9hj This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
Annette Marie Holt is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I earn 3-4x what I did when I started in the workforce and I now feel like I have less than I did in the past. There's no point anymore.
I'm economically inactive by choice at the moment. 6 years ago I was earning 3x the national median income and I felt well off. Now for the marginal gain over minimum wage it's just not worth the hassle. I might take another year off or I might just sell up and go somewhere with a bit more freedom and space. Russia looks like a good bet.
@@davelowe1977 Come to Cape Town, South Africa. You'll thank me later :)
@@davelowe1977Russia?!
@@davelowe1977Russia and freedom, lol
Same
I'm out of here asap. Can't get a doctor's appointment within 2 weeks unless it's a private, £100 appointment. Finding my own antibiotics online. My street is littered with trash, my landlord doesn't maintain the flat, the roads are full of potholes and I pay 40% tax. It's get the f@ck out time. My neighbour begs in front of his house, there are crackheads everywhere in my street. I pay £2k a month in rent for the privilege- London's zone 3.
There are 3m people who are too sick to work and are not getting treatment. My wife has to wait 25 weeks for a specialist appointment on the NHS, so we have to pay for her medication privately, as well as the expensive specialist. The UK's a failed nation. Don't come here unless you have a ton of cash to burn.
Who are paying the neigbhours rent? The government right? Its really treason.
Your feelings are valid, I hope you find some peace. Best of wishes to you & your wife mate.
Lol. American here. I just got to see a doctor. I started trying to get an appointment in February. I got fairly good insurance, but it sucks. Worst I've ever had. They would only talk to me about two issues. I have to come back and tell them the rest of the story in five weeks.
well serves the country right? looting and breaking other nations for years, now when it's thier own turn it hurts? who would have thought it. Enjoy your stay in the mighty UK
2k rent a month is insane. The rich own all the houses. They are milking us.
just as a thought for others. If the real disposable income has dropped off trend and has not returned, its not a recession. It's a depression.
An average familly house, 3 bed 2 bath semi detatched, in southampton costs between 400k and 500k. That's crazy. The average person makes a bit under 30k.
A starter house almost costs 300k. The only option is to start with a flat. Even if you buy them it's 2-4k a year paying maintenance fees, that the building does sweet fa with. That breaks down to over 200 a month, and those fees keep going up faster than wages.
It's like the system is designed to trap young people in tiny apartments forever, paying fees a bills so high, that it's not possible to save your way out of it.
@@Hession0Drasha I totally agree. Its crazy how governments don't understand that private home ownership boosts the economy and stabilizes society. But I guess that the overreaching bureaucracy stops new home construction from the start, and reforming all of that takes a lot of time and work, that our dear politicians cant spare on serious matters.
The average family doesn't need three bedrooms and two bathrooms. The average family is just mum, dad, and a kid plus a dog these days. Look at Britain's birth rate
@@Alex-yv4vr a little... lol
@@Alex-yv4vr It's about £35K last I checked
The economy is grappling with uncertainties, 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.
Things are strange right now. The Uk is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
UK will become a tough competition to Somalia/Iraq.
it is funny that the on of main reason iraq and somalia is bad country because uk and us Intervene
They should feel kinship with somalis due to their similarities, i mean both love sailing and the ocean 😂
@@TheGahtayou left out looting what's not theirs
You reap what you sow for destroying Iraq
Believe it or not, you would be shocked by how Mogadishu and Baghdad look today.
The Mainstream Western media doesn't cover them that much, but both cities have been completely rebuilt and look amazing.
Both are busting with growth and cranes with high rise buildings and new infrastructure building, with new roads, new condominium buildings and luxury housing, hotels, restaurants and so on.
Both places are unrecognizable from what you used to see in TV
They probably look better than most cities in the UK.
This has to be the best sponsored segment I've ever seen. You made 2/3 of it informative and kept to the topic
I believe the public in the UK has let this happen. We're to meek as a block. We don't protest or riot when we see the government getting away with terrible shit so why would they ever stop when there's no consequences for their actions?
it wasn't too weak, it was too gullible in the mid 2010s. To the point where you couldn't tolerate it anymore and voted them out only by then, the damage was done.
Bullsh-t. People have opposed it for years but the political system is stitched up
Same in Spain
Clearly you don't remember the miners strike and the poll tax riots
And you dont VOTE.
All thanks to the “ruling class”
Why'd you put ruling class in quotes...
Strange way of saying Tory mismanagement.
@@geesehoward700 Blair started this problem. Granted, the Tories did nothing to solve it, but they are not the only ones to blame.
@@geesehoward700 Well there was Nigel Farage too though. Not just Tories.
✡️ within the City of London.
None of the recent shocks would hit so hard if the economy wasnt mismanaged for decades before
been in decline since WW2, Thatcher was the nail in the coffin trying to Americanise the economy without the industry.
and it still is being mismanaged by the new government. but we will see in the next few years.
It took about 100 years from the development of the Steam Engine, to end the high and noble position of the horse to mankind. Can You think 100 years from now? 80% of cars are parked 80% of the time. One person -- one car is an ideal that cannot be sustained. If elected President, I promise a Teleporter in every garage and a Replicator in every kitchen. Our waste plastic will be transformed into food. But ALL WAR MUST END before the Vernal Equinox of 2030.
It’s ok, immigrants will take the blame as if they voted for thatcher
@@abdiganiaden mass immigration isn't wanted by anyone unless the economy is growing and people can see tangible benefits, but guess what - they can't, which means people are rightfully saying why are we having millions of foreginers?
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
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Turning farmland into tech factories doesn't seem wise when there's so much unproductive land available.
Raise productivity by increasing food prices? Try ethanol subsidies!
Fym unwise? A complex product like tech parts brings in more cash than a simple crop valued for a couple cents
Tech is important, but you cannot eat that kind of chip.
Leaving us with no food security and totally reliant on imports. We don't have the sustainable agricultural land and we'll have even less within a few years. Sustainability is a dirty word here. Buy hey, TECH and all that.
@@cases2939the ethanol subsidies have a duel purpose. In the case of an economic or environmental catastrophe the United States is very much overproducing corn. If something happened to the world food supply we would be able to get through the problem with relative ease.
And yet, people are wondering why people are having less children
People in poor countries have more kids. Correlation doesn’t mean causation
And that's why there's no workforce.
What has that got to do with poverty or quality of life? People in poorer countries have far more kids on average. The richest countries have the fewest kids. Birth rates in Switzerland Norway Denmark Sweden Iceland are even lower than in UK.
@@MrJoeSomebody poor countries where having children is a benefit because you can use them to get water, help farm etc. In the UK children are pretty much expensive hobbies, you can't compare the 2.
@MrJoeSomebody Homes arent absurdly expensive in those countries.
Almost 70% of land in the UK is owned by 1% of the population and most of those are descended from William the Conqueror's Army who invaded England in 1066AD. So don't expect any great change anytime soon.
Exactly it’s not a democracy
They owned that land in 2007 didn't they?
That's almost incredible! Even because England at that time was a colony of Normandy, but nowadays should had found a new stable (and fair) land distribution. It's a crazy fact to notice
Feudalism has never been abolished in the United Kingdom. It is still a country of subjects.
I lived in the UK between mid 2010s and the post-brexit years right after covid.
I saw the change happen in real time, my co workers kept saying, who worked the same jobs for 20 years, they are worse off now than they were 10 years ago
The average person in Mississippi lives better because the cost of living is less.
There are a lot of good things going on in Mississippi.
Life expectancy in Mississippi is 71..
@@samsativa245 Depends on your demographic.
The average person in Mississippi definitely doesn't live better than the average brit. They just have a higher income.
@@AgusSimoncelli I dunno. Those Mississippi folk do love to eat BBQ!! That leads to happiness.....and heart issues!
This is what happens when you go all in on finance , rather than finance being a support industry .
Maybe not, every country has specialisation in particular industry, Finance alone could not be culprit behind UK's decline.
This is the answer.
Dependence on financialisation has been a large part of the problem. It's not a coincidence that the economy became stagnant after GFC.
This is what happens when people vote in the Naz- I mean Tories who are 'responsible with money' yet Truss cost us 40 billion in less than 40 days, the PPE contracts, Tory cronies, Expenses scandal, backhand payments to all of Boris' baby mums, and a man who is RICHER THAN THE KING.
Finance industry in the UK is literally maybe the only reason for the fact that so many people may enjoy relatively high standard of living in Pissshittingshire and so abouts. London produces 32 billion pounds of fiscal surplus which then goes to fund all the underdeveloped counties. The problem is that nobody wants to invest into counties which have inverted demographic pyramids, decrepit infrastructure and high costs of production
Specifically screwing up financing our own property, which should also just be there as a support industry.
Re the good sides of finance, yes but it's also the same problem of putting all your eggs in one basket that most of the country didn't want to do and now are the ones suffering more because of it.
the anti immigration isn't a new thing, every time the votes have been asked they've wanted to reduce immigration and every single time immigration has increased instead. Its been a huge source of resentment to the political class because its obvious that they know there is a grievance, they just don't care.
The Political class care about making money through a big workforce. The plebs haven't been having kids for 50 years so immigration will continue indefinitely no matter what. Only thing that can stop it is a revolution and accepting drastically lower living standards.
Because like with the abortion debate in the US, the dog is not meant to catch the car.
More immigrants = more votes
British people have opposed it from the very start, whether it be 1948 or 1997
They kept their broken economy going with immigrant labor, and complained about the ones they exploited.
When was Britain at its peak - politically, economically, & socially ? 1890 ?
It was a big global power in terms of geopolitics and financial growth in the 1980s. Huge cultural center too in music, cinema and literature.
Political and economic power was driven by the British Empire and the Industrial Revolution. So Britain was very powerful throughout the 17th, 18th and 19th centuries. Coming up to WW1 things were on the slide and by the middle of the 20th Century the Empire had collapsed. WW2 bankrupted the country and food rationing continued into the 1950s. In the 1960s modern socialism arrived and there was a steady decline. Then modern liberalism arrived around the turn of the century and added another layer of negative influence.
Socially, it is complicated, the industrial revolution was very hard work for the vast majority. I think the 20th century was the best period, but it started to go downhill since the 90s and it is certainly getting worse. The generation above me had the best period, from WW2 up to the 1980s. Increasing standard of living, technology that made life easier, like cars and washing machines, and a sense of identity and community. And if you really couldn't work then the state would look after you.
London is by far the richest area in Euope.
However, this shall not dwarfen the fact that 9 out of 10 of the poorest areas in Europe are located in UK.
A londonian microcosm of prosperity surrounded by poverty.
Brilliant...
what are the 9 poorest areas in europe.
I am calling BS. You do know Moldova, Ukraine, Bulgaria, Albania for example are in Europe.
@@chrimbus71 I was speaking of ten Northern Europe countries: Austria, Belgium Denmark, Finland, France, Germany, Luxemburg, The Netherlands, Sweden, UK.
See for yourself at th-cam.com/video/vhTVVXrn_AA/w-d-xo.html
We have to admit that our ruined United Kingdom is more and more viewed as a failed state.
@@chrimbus71 I was speaking of ten Northern Europe countries: Austria, Belgium, Denmark, Finland, France, Germany, Luxemburg, Sweden, The Netherlands, UK.
All details on TLDR when typing "Europe's Top 10 Richest and Poorest Places - Data Dive"
We have to admit that our ruined country is now viewed as a failed state after 8 years of Tories govt.
And a lot of those poor areas voted for Brexit without realising the EU was what was paying their unemployment allowance...
@@koolaak2926oh, you said europe, not northern europe, that was convenient. How many of those countries was the UK richer than before Brexit???
The perpetual problem is that we British know 'The price of everything and the value of nothing'.
Absolutely
The USA is tending this way, although it may be averted yet.
@@JohnGeorgeBauerBuis
Insofar as America can print more money to keep the ball rolling, sure. Demographically, culturally, and intellectually; it’s been marinating in taco seasoning for a couple decades now and will be cooked shortly.
@JohnGeorgeBauerBuis The US is way ahead of us in this respect, you just benefit from being at the peak of empire (or just past it) so it's not as catastrophic for your overall economy.
Which "British"? We've been saying it's all going wrong for 20 years
Sadly with each passing day we can see the impact this awful policy has had on the UK. Tied up in red tape and tariffs with lower GDP than before the pandemic whilst the others in the G7, including Italy, are above. The lower GDP means we do not have the headroom to pay our way in the world and must resort to borrowing.Whilst there are rich people in the UK; a great many of us are poor and now we are poorer still. What steps can we take to generate more income during quantitative adjustment?
It is critical for everyone to prioritise investing in a variety of income streams that are independent of the government in light of the ongoing global economic crisis. Investigating stock, gold, silver, and digital currency opportunities is part of this. Despite the difficult economic climate, now is still a good time to think about making these investments.
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
The UKs problem is that they think and behave like a global force but the fact is they’re an insignificant tiny island. Until this country changes its foreign and domestic policy it will continue to slip into a financial abyss
Not really. No need for hyperbole. It may have many problems, but it still has the 6th largest GDP in the world, for instance.
A stupid take.
Brits in Asia also somehow think they are part of the Raj instead of a third rate country.
@@ianjones7488 They have a 70,000 man army 🤣 Hope the Russians don't send a couple of divisions over the channel and you need to beg us Americans to rescue you (again.)
@ didn’t see you counter one point
Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
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Investing is a sure way to pay fees and ensure you can loose everything
The rest of the country has become a 3rd world largely thanks to London. The law makers (in london) killed all our industries (fishing, manufacturing, energy etc.) Through bad policy over the last 50 years. Due to this everyone who wants to become successful essentially has to go to London or join a company linked to it. The problem is systemic and flooded with ideologies that impoverish the wider country. Mass immigration hasn't helped either as it's suppressed wage growth and acts more as a holding measure than a cure to productivity, it also accelerates infrastructural issues such as housing shortages and access and cost to the health services. The country needs a ground up restructure but it isn't going to happen as the politicians in both major political party have bought into a managed decline approach to government. All ye here abandon hope for theres none to be had 🤷♂️
But the fishermen overwhelminly voted brexit
@legitbeans9078 to get out of the common fisheries policy which allowed other European fisherman in their waters which had already been diminished by the cod wars with Norway which actually killed the fishing industry due to government capitulation on historic fishing territories which is why Norways fishing industry has boomed at the same time ours has collapsed.
Facts
Mass immigration, deindustrialisation and financialisation
It's bullsh-t that we needed labour from abroad, they wanted the foreign labour FIRST and displaced the home population to do it. There aren't "eleven million jobs" waiting to be done. The business class want a permanent oversupply of labour and to change the ethnic make up of the country
Mass immigration is, contrary to what you say, a necessity for growth where there native-born workforce is insufficient to satisfy the requirement for workers. Migration is a benefit to the country. The sooner that this is widely recognised, the sooner the economy can recover.
Economically, we are now a "slave economy". If you ask an economist about the American civil war, he would tell you that the Southern states were never going to win from the outset because their economy was impoverished by being a "slave state" - slaves have no disposable income - they get food (not good food, admittedly), clothing (also not good) and shelter (likewise bad) - and that's it. Our governments (including the last labour one) have practiced "trickle down" under the guise of "supply side economics" - and we all know that money doesn't "trickle" anywhere - money goes up not down. So we have now got to the point where a large percentage of the population are only able to afford food, clothing and shelter - they have little or no disposable income and much of the wealth is now concentrated in the top 1% of the top 1%.
Hope you are enjoying your socialist paradise in Venezuela, I will stick with free markets.
@@rvtalltales9327 - oh for pete's sake! These people that swallow the whole monetarist BS about "trickle down! Every time I see one of these people spouting off half-understood or totally mis-understood crap spoon fed to them by far-right snake-oil salesmen, it makes my teeth itch!
Look, you semi-evolved simian, at no point did I say anything that put down free markets - I was actually espousing them (that means "to support an activity or position" for the hard of learning). You want to sell stuff in the free market? THEN YOU NEED CONSUMERS WITH DISPOSABLE INCOME TO BUY STUFF!
Gods save us from knuckle dragging Fox News viewers. I bet that you think that trade tariffs are paid by the countries that are sending stuff - when (of course) they're paid by the company importing the materials with the costs passed on to our consumers.
Did you know that there have been regular recessions every time the republicans have been in? So regular, in fact, that they're actually known as "republican recessions"! (don't believe me? GOOD! Look it up! It's the first step to understanding!) Why? because their trickle down rubbish means that the people that would like to buy stuff don't have the money, demand drops off, short hours and layoffs ensue, demand drops further, the economy contracts - hey presto recession!
Serfdom
@@rvtalltales9327 Why? The free market isn't doing the average Brit any favours lately!
Tell that to the people in full employment who still rely on food banks to feed their family.
aahhh, shirvan :)
idk why i quit listening to you some years ago, it's always been a pleasure to hear your insights and so is this time. actually, you're so good that i still remembered your name.
I think people forget how poor the history of the average British citizen was. I can see it getting worse and the main issue is London itself. MPs don't want to invest in anything but the golden goose.
show me someone that doesnt want to invest, and i'll show you a kid that would rather play football or drink cider than learn programming or read a science book. I am not sure if you realise it, but investment can be personal investment in employable skills.
London is like a parasite. Allowed the rest of the country to wither so that a bunch of merchant bankers (rhyming slang 100% intended) could get even richer.
@@kbdkbd99he's saying the political elites don't care what happens to the citizens of the UK. But they still want power in order to charge taxes for the elites' benefit in London. That's how Mexico used to operate for decades. And Russia still operates with that mindset. Investment only for the elites' benefit that live within the capital isn't a democracy.
@@pnyhmsmxThis is nothing new, the history of Britain has been Kings, Lords, Knights, and peasants
Why do you think that?
As a self-employed carpenter in 2000 I was charging £125 a day and a pint at my local pub cost £1.50. 24 years later the most anyone will pay me is £150 a day but a pint now costs me £4.50 up the pub.
I like the way you have reduced the decline of the UK economy to the relative cost of your pint at the local !
This is like the 'Mars bar standard' - a light-hearted measure of relative buying power used for many decades by economists.
@@diyvideojunk2066
I read a few books but one in particular was very clear about making wage income in a progressive society. Either rent seek like the others or get out and move to where rent seeking is limited. The main focus was fixing the society as a whole but I knew that was not going to happen. Progress and Poverty by Henry George.
Don't go to the pub then
the pint to pounds payed ratio, short PPP, is the same as the purchasing power parity, also short PPP. Coincidence?
@@__NikolaTesla__'Pints To pounds paid' ,quality comparison lol
Answer: Very slowly, and then suddenly very rapidly.
That's how its happening here in the US too with all the illegals running around lowering wages and stealing jobs, pretty soon they will be wishing they stayed where they were.
Answer: this video is misinformation, and you sir I am afraid is wrong
@@Toodyslexicforyou just wondering which bit of this video is misinformation?
@@ToodyslexicforyouYou can't label something misinformation just because you don't like it.
@@Gerishnakov I can label something misinformation, if it is misinformation 🤣🤣🤣🤓
As a Filipino, now I understand why I'm seeing Brits in the comment sections of YT channels that talks about jobs in Canada or US or somewhere else... I asked them why, and I haven't heard any replies yet.
It seems like YT knew what I was thinking and recommended me this video which is also kinda sad...
Hi, I am a Brit and will leave soon. It really is a mess politically, economically and socially. I can live with the political and economic mess but not the social problems, so I will go.
You know I get introduced to people and quite often their opening words are "what a mess the country has become". As far as I can see the UK is going nowhere except downhill.
It's almost impossible for young people to get a job in the UK. Companies are too picky for low skilled workers and mostly prefer university graduates, and the issue that high skilled jobs are in low demand makes university students end up working in jobs they are overqualified for.
You can thank Blair for opening higher education to 50% of the population. It used to be only 5% got a University degree, another 10% got a Polytechnic degree or higer diploma (essentially applied STEM). You could argue that that's too low for an advanced economy, but rather than structuring in lifelong learning and 2nd career training, the education establishment just slapped "University" on everything and crammed in 18 year olds.
If these overqualified persons can still get lower jobs, then maybe it is not that bad.
From what I can see, if local home-grown job-seekers are willing to downgrade, unless they are past the age of 50 and applying for some odd job type positions, employers tend to despise such self-downgrading job-seekers.
Meanwhile, these employers will then complain to the gov that they cannot find suitable workers at home.
@@markmitchell590 The issue is not that we have too many university students. IF anything this is being stigmatised now. Our economy does not support/produce enough graduate jobs. Its the fault of the people i charge. There is no leadership.
Such a shit take we have a massive skills shortage in the UK, become a welder you can work anywhere for decent pay. Just a bunch of Eng Lit grads complaining they didn't get their dream job
@@imwivstuipid hopefully attitudes will start to change towards those types of skilled trades. Britain not manufacturing things anymore and being very service based should 100% change as well.
I decided to leave UK as soon as they brought IR-35 to private sector. I'm tech professional and I felt like I was treated unfair - they expected me to pay full-time employment taxes without the job security, paid holidays etc. I decided to leave because permanent jobs offered low wages, then taxes and living expenses were very high - I won't metion cold, wet weather and horrible housing conditions. Left in 2020 and been way happier since then. I thought they said that after brexit, they will make UK, a business friendly place, but they did the opposite. To a far extent, it's an on-demand recission brought by UK gov.
Where did you move to?
@@JoshIbbotson US
Same here, but I moved to Russia XD.. No regrets. Ukrainians sometimes annoy me at night by setting off the air raid alarms, but that's about it. I NO LONGER HAVE TO PAY RENT AND GET UNLIMITED HEAT AND HOT WATER! Food is cheap, no private property signs everywhere that isn't a road. I AM FREE!!!!
IR-35 was announced in 1999 and, after happily working freelance for nearly 15 years in the UK, I had my H1B and was living in the US by January 2000. Left all my pensions etc behind me (they were, of course, front-loaded and had just finished covering the expenses) and started from scratch in my early 40s as the sole wage earner with a family of five (H1B's don't allow spouses or kids to work).
I've never looked, or been, back. I'm only surprised it took IR-35 so long to finally kill off freelance work - the writing was on the wall from the moment it was announced.
This is a perfect example of how they mismanage the economy with short-sighted short-term policy. IR35 is a joke. Same as the move toward zero-hours contracts. Pay people less and take away the benefits at the same time and what do they expect to happen.
Pritty much everyone in their 30s and younger have every know austerity in their working lives
Well if you were a bit older youd know that in the deindustrialised parts of the north, Wales and Scotland it's been austerity since 1979
@@OnlineEnglish-wl5rp there is no point having a pissing contest on how bad you part of the country is and since when.
I'm in my 30s. I own a business in a town centre and I have felt the sting in the last few years alone. How our country used to be pre 2008 seems like a fantasy.
@@OckinElfit was a fantasy, one of the worst financial bubbles
I got my first summer job at a teenager in 2006 and was so excited to save up my paycheques and get 6% interest on my ISA. By the time I finished my A levels, savings rates were down to 1%. We have been screwed.
The Brits did it to themselves...
I’m a Brit who just woke up and I see that title? This is cyberbulling
Deal with it
😂😂
🤣🤣🤣🤣 welcome to my world ( India , the third world)
I agree the title is ridiculous and rather poor taste
The title is fair with 33% population in London and 50% GDP … would be a tad more extreme in developing country but not unreasonable, I am British also.
The UK has "Dutch disease" in that London makes the rest of the country too expensive to compete with other economies and unattractive for foreign investment. Some countries transfer wealth from wealthy to poor areas, like East Germany getting investments from West Germany, but the UK doesn't seem to do that. It's possible to let the invisible hand of economy take care of it by separating London from the rest, similar to the Swiss model of highly economically independent cantons. Combined with a separate coin for London, the economic differences between areas would be valued according to the market.
Any (fundamental) change in the UK is resisted, but as the saying goes "it you love them you should set them free."
That comes up against the devolution problem. The English do not want to be ethnically replaced, and if Scotland, Wales and Northern Ireland became economically autonomous regions, so would England outside London, leaving London as a non-English enclave with little influence on the rest of the country.
Unironically at this point, England should be taking poverty reduction/development programs like East-West Pairing from China. The entire country is broken though and British people are absolutely opposed to any structural changes like Federalization (the logical end game of devolution)
AFAIK London also voted against Brexit, just like Scotland did, whereas 'England-without' voted 'for'?
@@markmitchell590 There might be a rift between the (English) upper-class inside and outside of London, as the London upper class moved into finance. It's possible the people outside London see the people in finance as pirates, working extremely hours on stimulating chemicals and having temporary transactional relationships, while those inside London see those outside as rentiers having rigged the system securing entitlements and estates for themselves. As London is declining against Frankfurt, Paris and Amsterdam those in London may find carrying all that dead weight too tiring.
@@liliya_aseeva I think London votes for it's best interests. Brexit was expected to be bad for London as a whole and bad for the finance sector specifically, as it turned out to be. (Although some specific people may be better off.) London has to stand up to a new reality, as the bankers that moved closer to their customers will have little incentive to come back unless the environment of doing business dramatically improves. That vote for dramatic improvement might be a win or lose choice, as the finance capital of Europe is a win or lose position.
And don’t forget you can buy politicians cheap there now. You buy them
Nice pair of sunglasses and underwear and you basically own them🤫
And Sausages too.
Don’t they also fancy pizza, these politicians?
@@sergpie sure mate! And if you have tickets to a concert then they work for YOU for life😅
have you tried using a government organizational model that wasnt invented in the 1200's?
That's a lot cheaper than 100s of £millions for providing useless PPE at a time of crisis when established, valid, suppliers were being sidelined.
Thanks tories, something also worth mentioning is we went through 4 prime ministers, 3 post covid with 1 of them being Boris Johnson
Don’t forget the Tory’s destroying British industry in the 1980s and Labour finishing the destruction of our culture backed up by traitorous police .
I'm still surprised at BoJo getting elected, it's like you guys saw Trump in America and were like "yeah we want one of those guys for ourselves!" 😂
To be fair to Liz truss, she actually tried to lower taxes slightly and was effectively removed from office by the Bank of England
"Britain's support to Ukraine essentially broke its economy"
WHAT?! What support?
Hundreds of billions were spent before but suddenly "support to Ukraine" broke the economy.
It was just the final straw. Wasn't Ukraine alone.
Right? As if 12 billion pounds is what collapsed the UK and not 15 years of Tory policies amounting to trillions in austerity and tax cuts.
What Aid!? Ukraine is by far the largest recipient of UK Bilateral Aid.
Cutting off Russia cost UK more than just throwing away billions - an energy crisis.
It's easier to blame something outside the country.
More the fact we sanctioned Russian energy, although we're still buying Russian oil and gas, we just get India to buy it first, then we buy it off India at a heavily marked up price. So the people get screwed over so we can appear to be virtuous. Meanwhile we're still funding Russia. Lose Lose situation. No doubt Sunak is getting a nice cut since daddy-in-law is BFF's with Modi
I’m from Mexico and many britains are moving here, people say you can rent a cheapper beautiful flat in Mexico City much bigger than one in UK. I hope people don’t suffer, Mexico was poor during many years and now we are seeing how our conditions are improving and our money has power. My grandpa was a poor kid that worked at a bakery and selling newpapers and I know he would be proud of how my generation changed.
You do make it sound tempting
Lol having lots of Brits moving to Uk will ruin your economy. The locals wont be able to afford anything cos the Brits will pay more than you.
I went to visit Western Europe, and my impression was, "It's basically Tijuana, but lame, boring, terrible food, and no freedom." Other than Barcelona, Europe was a dump with no redeeming qualities.
@@rocknrollbabyyy8269 Don't embarrass yourself with such statements. Outside a few nice neighborhoods, it's a pure poverty there in MX
@@simas941 I said Tijuana, not Mexico as a whole. Secondly, so is Europe. Just take a walk by the Mulan Rouge and take a gander at the destitution and poverty. Take a ride on European public transit and see how often "Romanos" pickpocket. It's horrible. Paris, to me, was a cross between Baton Rouge and Tijuana, minus any good food or liberty. The best places in France are the Irish Pubs, and they are just normal ass pubs.
score som facking goals
Oiii Engrlandddd
INGERLAAAAAANDDDDD
Oi! You got a loicens for that?
It's comin' 'ome
IT'S (The economy) NOT COMING HOME!
I really love the way, you summarize things and paint clear but yet, well detailed picture of described topic.
Thank you for your hard work sir.
UK has its problems but the report is biased and unbalanced.
London has always been in its own little world. I moved out 20 years ago because I could see where the city was heading. The city of dreams? More like the city with no identity. You feel like an outsider in the heart of your own capital city. What is killing Britain? Lack of production. London has become a financial city and nothing more. It makes money by being rich while the rest of the UK is lost. No other city in the UK can switch to finance because they aren't as important as London, and it will fail. We need to become a production vessel again, but because of Brexit, the EU (Germany) will screw us with various taxes and absurd quality control checks that even other EU countries aren't subjected to - preventing growth. So, who would we even sell to? Every British company is owned by China, America or Saudi Arabia. We literally have nothing, and it isn't like other countries will help us out as the entire world hates us. We were the most powerful economy on Earth 80 years ago, and now we are being compared to Mississippi. We might as well just nuke ourselves and call it a day. We had a good run.
every empire falls eventually
No body hates the English as people or even the current British gov.
Stop playing victim and talking about the past. Ur ruling class just got lazy. Similar thing started happening to Canada in 2016.
Welcome to the reality check that every major empire must face.
At least the nuclear option would allow for rezoning, and much needed new housing to commence. Brexit, and a flood of new citizens helped how ?, Where?
This is Karma Dude.
Helloooo - it isn't just the UK you are literally describing the entire world's decline in the past 20+ years. Investors snapping up properties and then tripling the cost of rents causes hyper-gentrification and rapid stagflation which erases the middle-class buying power. This is the final nail in the coffin after the Free Trade Agreements saw the offshoring of most factories to 2nd and 3rd world nations with no environmental laws, so their citizens suffer in a polluted cesspool. Globalism has killed humanity with pure greed.
Nah I guess its primarily the UK and many EU as a matte rof fact. Nations like India would see BOON in manifacturing ahead, and with its steady economical growth and forex, I dont think foreign Investors are leaving Indian Markets anytime soon, and Inflation is a concept thats alooof here, yes Unemployement is still a major issue here
@@adityaranjansahoo6261 I'm sure all of the TH-cam vids in the past two years about the stagnating India economy are entirely made up. I remember when there were only 7 billionaires in the entire world. Now there are approximately 3000, if we include the ones that ebb and flow across the dividing line. The net worth of the world's billionaires increased from less than US$1 trillion in 2000 to over $7 trillion in 2015. This is a global issue about the disappearing middle class and it's disappearing buying power as the entire planet becomes Rich or Poor, with very few in-between.
You're describing late stage capitalism
@@SuperZekethefreak Yes Would agree with the Disparity factor, the Wealthy and the Poor, even Stark Contrast Ceases to be Small describing our Social Ammenties are easily available to those with Greenery rather than who need them, but I guess this is valid for many Places outside India too,
@@adityaranjansahoo6261India is literally a shit hole...
The important thing is that life in Bulgaria is getting better and better....
bulgaria will rule the world
@@acoknitteruntemha 3rd Bulgarian empire
Tochno taka. Slava na Bulgaria!
Not if they become a Kremlin puppet state like Belarus and Georgia, as the populist "Revival" wants.
@@grzegorzswistbulgarians need to be careful whenever a dude named basil is around the blocks
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I left the UK in 2007 at 21 and came back in 2017 after 10 years in Asia. I was shocked by the decline. 8 years later, I am genuinely worried about the future. Where will we be 10, 20 years from now if this trajectory continues?
it's time to worship us, the rich Muslim nation.
@@Taliban.The.HyperpowerWtf?
@@DaveMathewslayer0345 we offer you 0% income tax. Kuwaiti Dinar is the strongest in the world. I bet you already know that.
@@Taliban.The.Hyperpower Yeah, but, why tf did you tell us to worship your Muslim nation? It's not even a figure, but a whole ass nation. 💀☠️
We'll be an Islamic nation 20 years from now.
Emigrated to the U.S. in 2017. People laughed at me. Who’s laughing now?
from one failed state to another, there were far smarter moves you could've made
@@AeneasGemini Continue......
Why did they laugh?
@@AeneasGeminieconomy wise , job salary wise , opportunity wise, tech startups , business startups, the US can never be a failed state. Your comment is bias and baseless.
The poorest state Mississippi still has a $200billion economy and offer high salary jobs.
The UK has some of the lowest salaries among developed nations.
USA has issues, but the fact is the country is so vast that it can absorb a lot more strain than the UK. We have low unemployment, lower inflation than just about any country in Europe, and more opportunity,. It still amongst the leaders in tech, AI, Space explorations, chip making, etc.
One thing the USA has an advantage is, its now pumping its own oil and leads the world in oil production and Liquified Natural gas.
When it comes to trade, usa still ships out the most goods/products worldwide right after china.
Every state has its own laws so at least a few of them are always booming. The US isn't perfect, but it's doing better than most of the world.
I remember this UK man being interviewed on TV and he said American startups like SpaceX, Tesla, google, Apple, Microsoft and others would have failed in UK because folks in UK dream small and the government wouldn't backed those companies with federal funding like the American gov did with SpaceX and Tesla.
@DewiSant-o3ythe poorest U.S. state Mississippi , still has a gdp close to $200billion and high salary jobs than UK
To the people who point out how the UK exports services, what services aside from finances does it export? Those financial services only benefit maybe 10 people in an office in London.
Engineering, Business Consultancy, Legal Service, Technical Engineering, I.T. A.I etc not on a large enough scale but these are the services and areas the UK should focus on
Worse. They only benefit the people in the City of London - the tiny secret city that isn't actually a part of the greater London metroplex. You should look into who lives and works there. Those are the real elites on the island.
millitary aid.. for example.
britain dont want to loose ukr cuz of long term interests. but the old and senile empire blundered
im looking forward of the balkanization of the uk.
That's why Britain is so rotten now, they used to export services in last 30 years, but now no one needs their services, there's no technological gap between European countries and Asia, for example. It's just the fact that the hegemon now is the US, not UK, so European economy will suffer, and it kind of does already, just look at Germany, it's not stagnation, it's straight-up DECLINE.
Our business used to host a tons of e-commerce sites for EU businesses.. they all left within months of brexit.. we lost millions
As someone living in the UK and getting to the end of my career I can say that it has been quite a rollercoaster. From the desperate situation in the 70's to the economic boom of the 80's then the housing crash of the 90's, then recovery to the 2000's, the IT bust of the 2000's and then the financial crisis of 2008 it was a crazy series of boom and bust. However the one common theme has been a gradual downward trajectory after the growth and optimism of the 80's. Over the past 2 decades it has been in terminal decline and now we are seeing it falling off a cliff. I pity the young who are just starting out, their lives are going to be horribly blighted by the terrible governance we have had over that time. My advice would be to get out of the UK and go live elsewhere, I fear the UK really is finished this time.
CORRECT! Exactly my thoughts. If you are young and educated or skilled, go to Canada, Australia, New Zealand, even the USA. If you speak a European language try there. None of those countries are perfect, but I TRULY believe you will fare far better than staying in the UK.
Leaving your country because it's shit instead of fixing it is exactly what conservatives always bitch and moan about, but you out here casually throwing the idea.
The UK has some specific issues, but the overall stagnation in real income is also a broader European one
The thing is it's getting worse everywhere that's the plan of WEF to collapse the economy everywhere to get absolute power, control due to AI n automation. However, who wants to live in UK if the money is not there anymore, even if you have the same money it's way better anywhere else, weather, houses, safety, heath care, not too many dodgy people from around the world.
@@hectorpascal Australia, New Zealand and Canada are done for. The US is the only country where things are consistently improving. Australia has no primary industry other than resource extraction, and living standards have been sharply declining for years now. Cost of living is becoming extreme due to rampant housing speculation, and the lack of a strong financial market like what the US has. Australia, which formerly had the richest city in the world (Melbourne), is going the way of Argentina. The wealth is fake, and the country will not keep going.
Wow! The world is surely shifting. UK has economic troubles, Germany has big time troubles, China has economic troubles, and France has its problems. Yet it seems like there are up and coming countries like India, Vietnam and others. Maybe these countries will experience good times. somebody has to.
Nope, the only thing propping those nations up was western demand for manufacturing and services there at the expense of the western nations lol
No they do not
Dollars are shifting from the non efficient to the efficient
@@Lucas-wn5wm Well - This is the story rich folks have sold us in recent years when they decide they can make money from cheaper labor elsewhere. Fiduciary "efficiency" doesn't mean it's good for the working people.
@@daniellarson3068 its a thing that is concerning but hard to prevent. When cost of living rise so quickly. Part of it is first government to blame as they prefer high gdp growth YOY untill they hit a inflationary point that manufacturing internally is too expensive.
When my parents went to Switzerland in 1965, it was 5 Swiss Francs to £1, thirty years ago it was two and a half Swiss Francs to a pound, now there is parity between the two currencies.
The reason for the collapse in our productivity is that we have become a neoliberal technocracy. Fundamentally, our ideas about how to fix things is deeply flawed. We think we can manage our way through issues with technocratic edicts rather than through proper investment.
And the 'experts' are mostly wrong due to the failure of the university system
The Australian Labor Party, Candian Liberal Party and USA Democrats all believe in the same Woke Postmodern nonsense.
In what sense? Politicians don't seem overly qualified for their roles? Are there actual qualified boards making decisions or something?
@@AquaticSkipper There are these wonderful climate-petrified people who think they are more intelligent than everyone else called public servants.
@@AquaticSkipper Not sure about qualified, but yes, much of the decision making in the UK is made by unelected technocratic boards, commissions and quangos. They create labyrinthine, highly prescriptive and punitive contracts for government bodies, public services and outsourcing companies to follow, crippling the ability of people within these organisations to make practical decisions. Procedure, process and reporting take priority over productive work.
"Turning farmland into factories", that's the most insane thing I've heard in a while. You can't eat money!
Money can be exchanged for goods and services
You can use your new money to buy more food
@@jigioes $20? I wanted a peanut
@@shosc16 which, if you eliminate domestic food production, you have to import, which brings the price a lot higher than if it were produced locally
@@josefdrapak1889 Hush, now, the ten year-old doesn't understand supply and demand yet.
From UK to yuk (britshit isles)
UK will do better than most think, immigrants will save the day.
@@TheReferrer72 No lmao the immigrants are the reason its going downhill
@@TheReferrer72this must be satire.
@@asdasdasddgdgdfgdg United States built on immigrants.
Cold War was won by immigrants.
Go on to any Grammar School in Kent and see which kids have been selected immigrants.
What Country has three Universities in the top 10 UK, where do the students come from?
London will continue to provide for the rest of the UK.
Working class, refugees, men can cry, rainbow 🌈, 98 genders, 280 sexes, intersectionality for the win...
That's all the words I know.
But we ARE still a world leader - in everything 'Woke'. That's really going to work for us... yeah...
I am a civil engineer. I emigrated to the UK because they needed my experience. The "job for life" ended after 4 years. I have enjoyed a wonderful career ABROAD ... The mismanagement of the country is stunning. The lunacy persists.... we had an empire, you know ...
How was it mismanaged?
@@maxdavis7722the fuck if he knows, he just wanted to say something.
@@maxdavis7722he has no clue.
@@jtfike Tories in power. Cuntservatives = extreme greed for those already with too much wealth who did no real work to earn it
@@jtfike no, I do I just wanted him to be specific, see what he could say.
Hard to imagine the UK had the largest empire in history
...which they managed to mess up too.
From plundering which they can't now so obvious decline
@@oldskoolmusicnostalgia Really? So why did 56 former colonies join the Commonwealth straight after independence?
@@Self-is-UltimateReality Ah you believe in the "they stole all their wealth" story? So why don't poor countries just go and steal from rich countries then? You can't have an empire if you aren't already rich and powerful. Remember the scientific and industrial revolutions? They started in England and they produced your modern life of ease and comfort
@@oldskoolmusicnostalgia sacrificed it for ww2 biggest mistake in the world we should of remained neutral.
From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Wow that's awesome
But I still love my mentor Sophia
I'm 60 and my wife 53 we are both retired with over $1 million in net worth and no debt currently living smart and frugal with our money. Saving and investing lifestyle in the church stock market made it possible for us this early even still now we still earning weekly
Sophia my life savior
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been
A society divided 20% snobbery, 60% dumbassery and only 20% proficiency leads to this debacle.
UK is a third world country attached to a Singapore (London).
the weird thing is it's London that is the parasite
I get what you mean, but Singapore is much better than London; less crime, less taxes, less dirty... I left London for the south coast, London has become a shithole in the last 10-15 years. The country side is still relativelly nice
Singapore actually works.
yes
tbf London's kept all the power and money, while draining the rest of talent
The UK is going to face a massive problem in the next couple of decades. Not many people seem to be talking about it. Our ageing population is going to put an unprecedented strain on public services, and the working population, which is constantly getting smaller due to the decreasing birth rate, is going to get squeezed more and more as taxes are constantly raised. This still won’t be enough, and the retired population will see their quality of life decrease too. The country is going to be crushed from both ends.
Already happening where i live and all around the world as well. Young people do not want to live in the world we created and they certainly do not want to bring up children in this world. We're at a point where something either has to be done soon or we just quietly all start disappearing by trying to uphold something as arbitrary as global economics that have always only benefited (and overly benefited at that) a small number of people.
I mean its set in stone - ageing population dies, natives don't reproduce as they are priced out and the sexes are pitted against eachother, they get replaced by low skill immigrants, Corporations and political class now have complete control of a new submissive low skill population.
We were warned about all of this. We chose begsit regardless
@@Goodzillla1066Wise up its nothing to do with it, the EU are facing exactly the same problems.
@@thepub245 u didn't watch video. Begsit took financial crown off London and gave it to EU. We were warned but blinded by Farage armchairs
I am from the other side of the Canal (Netherlands) and things are (still) pretty well around here!
Yes, business are closing here, BUT that's mostly because they cannot find personnel to work there 🤔
Our Debt/GDP ratio is just 44%
On the other hand, with both our big neighbours (UK, Germany) NOT doing well, things will most probably also turn for the worst here too soon 🤨
As a Englishman living in NL the cost of living is way higher than the UK, still prefer life over here though.
@@learnedeldersofteemo8917 Is it? I didn't realise that!
Isn't that because of the current GBP/EUR rate?
Stop believing the lies about migrants from none western countries is a positive thing and you will be just fine, and don’t spend more than you earn or bow down to the EU if they make harmful demands, in Denmark and Sweden none western migrants on average in all generations cost every year of their lives 10.000€ in Norway it’s even worse.
Yeah never understood why the Netherlands seems to fair well (or it all government porkies?) I mean really their so socialist its ridiculous. Howver they do have a couple of large companies global players. In fairness to the UK, the EU as a project was not designed to benefit them, and really it was just the export of the UKs wages into Europe for decade upon decade.
The UK is actually leading in terms of the G7. We also jumped three places in world exports, overtaking France, the Netherlands and Japan. This content lacks a great deal of context and is bordering on misinformation because of it. Covid measures did kill the economy needlessly and the Ukraine war is a real problem. Having said that the Uk was vastly less exposed to Russian Energy than say France or particularly German. About 5 to 10% instead of the huge percentages of European nations. But context matters. The EU itself is in crisis. No trading block can afford to fund a parasitic organisation with the budget greater than a large country and no gdp, take on millions of unproductive costly workers and create legislation designed to benefit the corporate globalists that control it alone. It is a regulatorarally and financially flawed at a systematic level. In the Netherlands they tried to seize control of all of your food production and agriculture which would have been transferred to those few corporate interests. You wisely kicked out their proxy Mark Rutte and replaced him. In the UK we have a similar threat under our current puppet prime minister. He has policies to deliver to those same organisations. We all live with the risk of being in a policy for sale world and need to vote more responsibly as you have done in the Netherlands.
UK experiencing Karma!!