Kevin Maguire & Andrew Pierce Discuss 'Shocking' Mortgage Rates | Good Morning Britain
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- เผยแพร่เมื่อ 12 ก.ย. 2024
- Good Morning Britain's exclusive poll reveals 32% of British mortgage holders are struggling to make payments.
The Daily Mirror's Kevin Maguire and The Daily Mail's Kevin Maguire discuss.
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Broadcast on 27/06/23
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Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@@maryHenokNft Please tell me how can I connect to your advisor. My funds are being murdered by inflation, therefore I'm looking for a more profitable investing strategy to put them to work.
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. *Camille Alicia Garcia* is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
Thanks, I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.
I worked for a bank HO and in the 90’s people literally just put their key’s in the letter box of the bank because not only did the mortgage rate go up but employers were aloud to tinker with your contract. My husband worked for a company for 15 years and his company changed his monthly wage with commission based earning. We left the country and went to Europe and never looked back. In Belgium where I live we have 20 years plus fixed rates and we are not facing any of this. It only impacts the people who are buying now and a fix rate is 3,75% currently. Landlords are not allowed to increase on a whim and this is highly regulated to avoid abuse. Should the bank wish to take your home it is a long process and since the financial crisis the banks can not leave you in debt. So it’s in the banks interest to negotiate with the borrower.
England is a terrible terrible country
Well said. But in Britain sensible things like this are frowned upon, too socialist you'll hear from our unhinged right wing rags.
The problem with that, is people are taking out credit to keep food on the table, bills paid and may have got into difficulty with payments. Any missed payments however small need to be wavered to help so many people. Cut thoat Banks.
@@preciousdevere288 100%
sounds good except nobody want to live in belgium lol, the uk is the place to be
I was earning more money in 2001 than I am in 2023! Same type of job. Wage inflation over the last 15-20 years hasn't moved. This is the problem.
Me too
Add me on to that !
Why...because we have an oversupply of labour who are willing to work for less. All by design.
The transfer of wealth from bottom to top continues. 'Trickle up' economics. How much money held offshore, free of tax and depriving the economy of its use.
Rees-Mogg is an example, most of his money is off shore and pays himself loans which is essentially gifts from the Virgin Islands to the UK which is not taxable so ends up being free gifts and the loan rate in the Virgin Islands is 0%. We are such fools and so gullible it's incredible. I don't believe any of them. People easily brain washed in this country.
Or maybe Joe Brainless Biden shouldnt have printed off $1tn dollars and sent worldwide economies into inflation territory... and then trigger a war with a nuclear superpower that supplies almost all of our energy just over having Ukraine (a corrupt and failed state) become a member of NATO.
No one seems willing to talk about the prudent savers who haven't had any interest on their savings for the last ten years plus.
Prudent savers won't lose their homes 😉
If u dont have debts u dont understand finance. Go learn leverage, the relation between debts and investments. We can talk after.
Wow actually a reasonsble discussion.
A lack of house building and selling off of Council housing which goes back to 1979 and has continued under all Governments has come home to roost . Housing is now so expensive to buy that moderate rises in interest rates will bury buyers .Most rental housing is in the private sector ,the Landlord buys to let on a mortgage and passes on his mortgage rises to the renter.The private water companies who have hiked borrowing passes on interest rate rises to the bill payer .Result , inflation rises.We are in the brown stuff
Tories have been in power for 40 of the last 53 years. It started with them and Labour simply haven't had the same amount of time in power.
And it's only risen by 4% 😂😂😂😂 wait until it goes up to 15%.
The rental market is disappearing due to the fact that they can’t make money out of their investments.
Yep I said it back then & I'll say it now Thatcher then new Labour destroyed the Working class system overnight....look at the shite it's caused? A money grabbing Scam filled drug induced Britain that produces so called social media ' celebrity's 'Celebritys'! Luckily Brexit isn't as bad as the doom mongers said!!
Oh come on mate,Thatcher started it & Soppy bollox Blair cemented it!
There is something smarmy about that pierce guy. Don't know what it is, but he makes my skin crawl.
And mine.
Same
Scandiavian countries don't just use the wealth of the country to call it successful. They consider quality of life, education, health, paying people a decent salary so they can be more proud of their jobs and so ultimately work more productively and their pensions are good too. They look after their worst off and don't treat them like leeches and weirdly enough unemployment is very low indeed. When all these function properly then it stands to reason the country becomes wealthy automatically. Why can't the UK govt take a look at successful, wealthy and happy countries and try to learn from them?
Comparing small countries with the UK, the large one is Sweeden with 10 million just above the size of London
because they're crooks
@@MrManny075 No, try reading my very first sentence again. Then re-read the last sentence which gives you my conclusion. Must be awful to try to criticise someone whilst being ignorant from the start. I'm trying to be open minded while you are just here for a moan.
@@MrManny075Muh Size. Classic Libertarian nonsense.
The UK literally sold off all their social safety nets of housing to the banks
It would be nice... although scandinavian countries have different history, and some (not all) wouldn't be able to reliably scale to a complex multicultural setting and economy. UK probably needs to be compared to France, Germany etc.
If Swedish or Norwegian system was applied to somewhere the size of China it would break into a million peices... even accounting for the nativity alone.
People say renting is throwing money away as rents keep going up over time but mortgage payments don't and offer security. Really?
Did any of these people object when the government was handing out furlough money and grants with borrowed money or the stamp duty holiday or when the BOE printed money and kept interest rates at emergency rates for 15 years.... bit late to have a winge about things now!
NEVER TOO LATE FOR A GOOD WHINGE..!!
High interst rates are a product of 'quantative easing'. Gordon Brown and Alister Darling started 'quantive easing', George Osbourne said it was the last desperate government, then as soon as the Lib/Con government got into power, they did exactly the same... They should have put up interest rates in 2009.
If it wasn't for qe 2008 financial crisis would have turned UK economy into greece
What's that in layman's terms??
Sorry people thought it was a gravy train when interest rates were 0.5%. They were never going to stay at that rate.
People know that but 15 rate rises in just over a year....come on!
This is part of the problem in why inflation hasn’t dropped as quick as expected. They should have never been kept that low for so long and when inflation did creep up they should have acted quicker and gone bigger early to counter the rise. (Not these stupid little pointless increments that are delaying pulling inflation down.)
Totally agree with you the interest rates are actually normal
Why should renters have to subsidize property owners even more than they already do?
They shouldn't but Tories don't care, you are just a cash cow to be squeezed.
People forget that for years landlords made huge profits when their interest was low and they should have accounted for this.
@@avakholwadia1420the most stupid comment of the day 🎉
@@roberthiller-metcalfe8460cuck
@@roberthiller-metcalfe8460 and the reason you think my comment is stupid is?
I really enjoy watching Kevin and Andrew together. They are like a kind of double act. I do enjoy their banter. lol
What?? Kevin Maguire & banter!!😂
Even if one accepts that supermarkets and other large retail outlets need to make reasonable profits, many are making excess surpluses and do need to be taxed at a higher level.
Never seen a farmer in a fuel station before
6:25 Because during the 90's no one was printing money and increasing debt like had happened in the last decade. Every single government since 2000 has been doing whatever they wanted with our money and here we are.
'Hold your nerve' 😂
Does Pierce have the Mallen Streak or is that a tribute to Dickie Davies?
Raising interest rates was never going to bring inflation down, the end game is the crash of the fiat currency and the move to CBDC
Lol fiat country already crashed. Money value is now based on whatever you say its worth, backed by nothing
Shrinkflation has been a hidden problem for years, us poor have noticed.
Tweedledee and Tweedledum ,ie Sunak and Hunt were recently interviewed and there responses were "keep your nerve ,I have a plan " and "I have agreed with the Banks that they will not repossess your house for 12 months "--what an absolute patronising pair of out of touch R-Soles
The mortgage rates are only shocking for the amount they borrowed! I mean who on earth thought it was good value to borrow 1M for a 3bed semi in greater London! I mean come on, this is all the fault of the government who convinced customers to borrow more and pay more for property! ludicrous
They talk of the 70s but that was 50 years ago, where most people in their 30s and 40s weren’t even born then!
When Gordon started QE, that's when this nightmare began. They knew what they were doing. All by design.
Without qe we'd be a third world country by now
Was Ed Balls smirking through that?
Andrew Pierce just becomes more reliant on rhetoric rather than reasoned argument with every fall in living standards. Get rid of him, it's getting embarrassing.
Why are interest rates in Spain only 3 percent
Because inflation is 3.2%. Which is interesting as it was 8.5% last year.
Every Tory government ends in grotesque economic chaos. Always.
i hate the government i hate them all! all we need to do is stick together and stand up
Good discussion… enjoyed that they’re all on the same side of the consumer
Thanks a lot for discussing this issue
If they capped the energy prices properly, none of this would be necessary.
If you increase the costs of production, you increase the prices on the shop shelf. Ergo people need wage rises. The government is / was stupid.
Nothing wrong with interest rates - it's the asset values that are wrong. Lets welcome normality!
Notice Kevin Maguire won't criticise the current administration for their contribution to this economic mess
The issue isn't, why are interest rates so hi? The issue is why all along did we have interest rates so low and encourage massive debts in mortgages? The chains price fixing to make massive profit by wiping out small business, now we all make them more because profit it's normal now. We're in ALOT OF TROUBLE!
The best kept secret, why haven’t interest rates gone up on savings? Could it be that bankers are raking more profits? Say it ain’t so.
Interest rates have gone up on savings significantly, if you're prepared to lock your money away for a set period, one year, 2 year ect.
@@kw8757 what is that interest?
Public gets screwed over all the time banks & pms get richer 🤬
This guy with sussana is good.U should keep him on all the time
Edd Balls the ex labour chancellor? Hardly neutral is it.
@@janebrown896ichard Madeley! He is a true blue Torie very evident to see. Ed Balls is Labour but as can see provides both sides of coin. Madeley gets seriously riled and forgets that for conversation to happen requires two people. Susanna is brilliant straight to the point no nonsense need more like Susanna for sure she obtains answers to her questions.
@@janebrown896 Yes because 13 years of right wing policy is working out beautifully.
@@janebrown896 What does that tell you about certain parts of the electorate who keep voting in these shysters? It's a pity FPTP has been rewarding the Tories for 80 of the last 123 years, and the state of country shows.
It's not the mortgage rates it's the price of houses that's the problem. Greed lack of housing selfishness of people not wanting developments in their area etc etc. Older people like me remember 12% rates. We need a housing crash. The govt needs to cancel the 98bn railway white elephant and put the money into social housing the NHS etc
Go learn basic economy before commenting and looking like a fool
Why don't they have 30 yr fixed rate mortgages in the UK? I have bought 3 houses in the USA and always taken out 30 year fixed rate. 15 Year fixed or 10 year fixed mortgages are other common options.
Sunak couldn't care less. 13 rises and 13 years of Tories.
But this helps the rich to get richer and the poor getting poorer its a joke.
House prices don’t reflect the current situation. Buying power with interest rates increasing to 6 percent is reduced by 30 percent on the amount you can borrow with a mortgage for the same monthly repayments in 2019. House prices have to reflect reality and reduce at minimum 30 percent. Just a matter of time
Get rid of the Governor of the BOE. He needs replaced ASAP
there shud b a cartoon series of these two journalist..like Tom & Jerry!!
Great for rich foreign investors and money launderers!
When I bought my first house in 1981, interest rate was 15%. Any
Spot on Kevin.
It is called Greedflation, get the Profits in before they rein them in.
Greedflation is a myth from the left invented to cover up their retarded, irresponsible spending. No serious economist will tell accept the greedflation theory.
To make profit, someone made an expense. This mean they gave their money in exchange for a good or services. From that point, the buyer willingfully accepted the PRICE and concluded a transaction. The only situation where greedflation can exist is in a monopoly/oligopoly market and since we look a the whole economy to calculate inflation, this is practically impossible.
My interest rate was 15% in 1989.
Cost or living was alot lower England now is third world
No it wasn't. You forget that wages were nowhere near what people earn now and white goods, cars etc, TV were all far more expensive in proportion to wages. When my salary was £1000 a year which was average, our first fridge cost £200, and TV about the same. We couldn't afford a washing machine so took my clothes to Laundriette once a week. Still don't own a tumble dryer and put clothes on a washing line to dry which cost nothing. People moan about energy prices but waste energy using tumble driers because they are too lazy to put washing out. We also washed nappies instead of buying expensive disposable ones and they stopped all of them going in landfill. Never bought coffee from a shop and took flasks and our home-made sandwiches to work for lunch which saved pounds every day. Not now, too lazy!
@@bowjana8128Absolute rubbish! How many don't have tvs, cars, computers, washing machines, beds, fridges, freezers, tattoos, cookers, dishwashers, free education, free health service, fitted carpets and central heating! Have you ever even been to a 3rd world country? Most have one pair of shoes if they are lucky many of which are made of old car tyres, many cannot afford stationery even if schooling is free so still can't go to school, few have cars and many not even a bike and many kids walk miles for the previlege of education, no free healthcare, many sleep on the floor, many have no clean water or toilets and drains, no rubbish collections, no proper roads and no toys except sticks or pebbles to play with. They still wash their clothes in the local river. Their jeals are often a bit of rice or similar with a few vegetables they grow. You really haven't a clue how the majority of the world live as you are so spoilt like the rest of this generation.
@@audreyblack8629 Well said.
How much did your house cost you back then, Graham?
Stop the greed👹
Shared ownership.... interest rates going up on the part you own and the rent portion up by the inflation rate...
Too many people live on credit now and live way above their means. No one did that in previous generations. You saved every penny you could and didn't buy things or spend money on take-aways, eating out several times a month, getting your nails done, spending money on tattoos, having more than one car a family, having multiple computers and tvs and subscriptions to Sky, Netflix etc. If you couldn't afford something, you waited until you could by saving. However much people earn now, they fritter it away and never save for a rainy day as we were brought up to do. Still do our own decorating, gardening, and housework but how many people pay someone else to do it? Didn't expect multiple holidays a year and if you had one, it was often camping or in a caravan. Never went in hotels until our children had left home and were working. Moreover, no one has worried all these years when they could borrow at half-a- percent but people who saved all their lives and went without things got no return on their savings. But they managed!
I know, how ridiculous of people to be working hard and expect to be able to enjoy a decent quality of life.😂
When housing is so expensive people have no choice but to live on credit you Wally 😂
In the past the average house didn't cost 12 times income like it does today
@@roni7172I know, working hard should entitle you to everything you want!
Why is he so happy about it all?
5% is a perfectly normal level mortgage intrest.
Let me guess "because back in my day mortgage rates were over 10%..."
@@IronmanMK85 17% and we managed around it. But we were a lot more resilient than the snowflake generation. Just pathetic wimps….
@@lestrem11the issue is house prices versus back in the 80s.
Take those into account, and today's rates are the equivalent of 25%
@@logant6490 You should also bear in mind the speed of the rise. Rates in the 80s and 90s got up to 15% over many, many years. We've gone from 0.1 to 5% in months.
@@kelvincasing5265 A load of bollocks, do your research child.
I can't believe Ed Balls was a chancellor and I can't believe Labour agree with what BoE are doing. Banks, supermarkets are all price gouging, they're making record profits. Energy bills are still way higher than pre-Ukraine despite the prices of oil/gas being lower than before Ukraine started. Did price rises take long to come in? No they were instant, but now prices have fallen we have Centrica saying they will remain high for the foreseeable whilst they report record profits. Banks will raise mortgages immediately but savings rates for some straaaaange reason don't rise anywhere near as fast. BoE raising interest rates in this sort of environment doesn't help, businesses have loans, mortgages, their borrowing gets more expensive they add more on to the price of products - for those not price gouging.
Ed Balls saying the government only have one lever, no they fucking don't. Windfall taxes, enforce banks to raise savings at the same rate as borrowing, penalise energy companies who aren't dropping prices in line with the commodity price falls, prevent mobile phone, broadband and TV companies from being able to raise prices for consumers mid-contract and force banks to offer reasonable rates on fixed terms for much longer periods, like pretty much everywhere else. There is no reason to have 2-5 year fixed mortgages except to make even more profit for banks. Why is everything skewed away from people/consumers in favour of entities that make enormous profits. I've got nothing against profit and capitalism, but this is a crisis and people are going to lose homes so major companies can make record profits. It's fucking wrong and if Labour don't have an answer, fuck them as well.
Ed Balls didn't say the government only has one lever, he said the Bank of England only has one lever, which is well known to be the case. And it's because of him and his lot that the BoE is independent from the government, which unfortunately he didn't give any positive argument for when challenged on that point.
Why dont the government have a commission into why supermarkets can justify the 20% rise in prices.
The problem is people voted for Tory liars.
The problem is, instead of paying off the mortgage quickly when interest rates were super low, people pissed it away on flash cars and expensive holidays...thinking the party was never going to end.....why do you think the banks have better furniture than you....worse to come America is 31,000,000,000 (trillion..) in debt,yet they continue to kick the can down the road....guess what,the can is too big and there's no more road left......
The votes for a failing system. The Tory is just the face value puppet
Vote for Labour liars then.
@@lestrem11 Why would you even begin to think you know who i would vote for? Do you know me? No you don't so you know naff all.
@@audreymcgready4329 Calm down dearie.🤪
I m a romanian lived in italiy for 15 years got freind all over europe and the situation is not like here it is unreal
Let them eat Brexit.
Before the referendum we were promised sunny uplands, now it's "People are just going to have to hunker down and cut back". Brexit, the gift that keeps on giving.
Brexit has nt even started yet ,this situation is a world problem and Liz truss shambolic 56 days in power
Greetings from Germany, Boris Johnson said after the General Election: Build, build, build. I saw this on Sky News.
We have similar problems, but there is a difference if you consider the past. Banks transferred higher interest rates to savings, of course, not the same percentage but at least in a fair way.
Our latest polls have shown that people try not to spend so much money on special goods, thus most of our textile industries are struggling, some have already gone into admininistration. Why not wear my pullover a year longer?
However interesting: Vocation is still significant, even travelling to expensive places. It is 'a must' for many people. no matter how their financial situation is.
@@godehardbrysch7905 The difference is huge... German infrastructure is top notch, the UK's is collapsing, the German economy is strong and you have a manufacturing sector, Britain't is weak and it makes very little. Germany (and the EU as a whole) are the big dog, the UK is just a little mutt with a nasty skin condition. 😂
GRUNCH of Giants.
It's very irresponsible of people to take out a mortgage when interest rates are at 1% or below and not expect rates to rise. At 1% there was only one way for rates to go, they were never ever going to stay that low..
Sure, but if you take out a mortgage at 1%, you probably wouldn't expect 7% five years later. That's well beyond the banks' own stress tests. BoE acted too slowly in raising rate IMO, should have started two years earlier. Now they have to slam on the brakes.
@@kelvincasing5265 6.5 % is the average two year fixed.. Thats a price I would expect..
@@supermansbigsister3012apex fallacy.
Chaos Capitalism
That was a shocking discussion.
The last time I had a mortgage the rate was 15%. Stop whingeing!!!
trouble is we have been indoctrinated to buy house,s when in europe most people rent on long term.If you cant afford to pay the mortgage on basic pay don,t buy,No good saying my house is worth this much when you can,t afford it
What is the contribution of Andrew Pierce on this debate, other than acting as the grumpy old boy? 🤔
He’s not acting.
He’s so out of touch, use someone else for these conversations, coz this pleb doesn’t get it. I won’t be listening to these idiots again.
Vile man
Greedflation!
So the food prices plus energy prices increase and so does your rent or mortgage. Most of the food and energy is imported and fixed, so raising rates only makes things worse doesn’t effect inflation.
Not as much as energy companies and banks ?????
So according to the "show more" header, Kevin Maguire works for both papers.
Amazing how the press, politicians, tv media etc seem so concerned about the Cost Of Living! Their salaries are so huge that Inflation is more about such and the Fact it does not apply to any of them?🤔✍️😫
As you mention most people are not throwing their money around.. In other words Its not a demand lead inflation, its related to input costs of production.. So its not clear to me what is the point in raising interest rates
Who’s loading up on credit default swaps 🤣
Need some more lockdowns to stay safe and bang pots
There is something fundamentally wrong going on here. Interest rates going up to control UK inflation that we've been repeatedly told was caused by "external global events". Is the problem in the UK we all have too much money to spend? The Bank of England are like a medieval doctor, who prescribes a course of leaches for every ailment. All they can do is raise or lower interest rates. Something feels very very wrong to me.
And the data they use is months out of date
Don't you take an interest in what is happening elsewhere. Eu had an inflation rate of 9.2% last year and there base bank rate is 4% with central bank saying they ned to increase the rate.
Agreed, mortgage payers are bearing the brunt for other causes and also instead of other measures available.
They are doing it on purpose. Where have you been for the last 3 year's?
back your 'Victory Gardens' - if you show the grocery stores you don't need them, the prices will become more reasonable!
How else is the Govt expected to pay for the new arrivals? They've squeezed energy prices and food so of course housing is on the list duh.
14 years since the 2007/8 crash, where PRINTED FREE MONEY at ZERO% interest rates was dished out to the Banks and thispcaused rents and mortgage to rise as house prices went up and up along with Stocks and Shares, is obviously partly to blame for the mess we are in today.....
High DEBT + High INFLATION + High INTEREST RATES = BANKRUPTCIES and LOWER STANDARDS OF LIVING.
Get used to it!
Help to buy and the stamp duty holiday didn't help either.
People are throwing there money about on luxury goods susannah that is part of the problem a generation of owing more than they owe .....in some cases pire greed!!!!.....credit cards ...car loans.....buy now pay later store cards etc
In a normal period of inflation it might work to raise interest rates. This inflation crisis isn’t caused by luxury spending, it’s because essentials like food and energy and becoming unaffordable
If that was the case inflation would be falling. People just love spending money they don't have
If that was the case people would stop spending! It's summer, people are buying luxuries!
Opps I already replied to this 😄
@@solshields but that’s not what is causing inflation, that is coming from essentials such as food and energy. Even someone budgeting heavily would have seen a massive rise in expenses over the last year
@@FatRonaldo1 furlough go brrrr
Overstretching finances have come back to bite ,ditch those credit cards ,scrap jollies , wake the hell up !!
Shocking 😢
Need an economist on here. These four are completely ignorant on this
People shouldn't own a home if they need a mortgage rate of 1%
People know that demonstrations and complaints get you nowhere. So they just get on with it.
Get on with what?
@@jzilla1234getting poorer and less free. This used to be a country of folk that stood up for themselves, now they bow down. Or did.
What can we do? I’m all ears
@@adamrubinson6875 Stop voting bloody Tories. For starters. I am 62 and i have always had the same opinion of them. They are rich toffs who could not give a crap for the people or the country. It's all about them and their party always was always will be. And draining us of everything we own or need. They are there to serve big business the rich and themselves and their families.
@jzilla1234 that badge suits you lol.
You wait until the Bank profits are released!!!! you aint seen nuttin yet...
So basically boo hoo but it’s the free market so suck it up 😂
ASK REES MOGG....HE SAID BREXIT WOULD MEAN CHEAPER FOOD, AND CLOTHING AND FOOTWEAR..
Population over 70 million UK
Why we relying on just few millions having
Mortgage.....?????
Every one morgage his different to each other???.
I don't have a mortgage
But I have a council tax
That's a mortgage
UK sinking like the Titanic
Nothing left anymore
Welcome to third world 🌍 country
Street wise TAL.......
The champion of Truss Andrew Pierce lol
There are more residental properties owned without a mortgage than those with a mortgage. All those without a mortgage are either earning from rental income or interest on their savings. What do you think is going to happen with that money?
Net Zero, financing Ukraine, boat people in hotels, energy companies, supermarkets, Blackrock and WEF has made life hell for most of people.
Dear James - indeed you are enumerating a lot of criteria which are significant for the ordinary people. In my country Gemany these people protest and give their votes to a right wing party. In our representation system they enter parliament and have a voice. The increase from 10% to 18% (latest poll) makes the ruling parties contemplative as they are losing voters.
But GB News, Tousi and Heavers and Talk Radio use this as argument against the EU. Of course, some criticize the money we spend on the EU but it is not the major problem.
In the UK nothing will change, smaller parties have no chance. The new Messiah: Reform Party can be forgotten. This video is an exception.
@@godehardbrysch7905 I agree with a lot of your views, but as you will find in the coming years EU is in decline.
The World is ruled by the so called elites, our government leaders are figure heads you only have to look at the US
to understand Biden is not running the free World. I am not a conspiracy theorist, but others are pulling the strings.
I am Scottish and the devolved government in my country are absolutely useless to say the least.
All the best👍
you forgot tories and brexit.
@@kanedNunable Good morning kanedNunable, I wish you a happy Wednesday. I know that Tories and leavers are still very sensitive to blame Brexit. My argumentation has always been "Brexit could not prevent it."
In this case concretely, high mortgage rates might have nothing to do with
Brexit, but Brexit cannot prevent it. Is this the sovereignty that was predicted? Problems or crises: Global, international. Slight improvements, Status Quo: Brexit Benefit. - wish you all the best -
@@kanedNunable Brexit has little to do with these issues, we in the West are being ruled be the so called elites who are introducing all of this.
They are using the UK as a guinea pig and our leaders are implementing their orders, so we will be the catalyst for the rest of the world.
Worse than losing your home money etc
Classic car 200 pounds original price! Today scrap value! Houses shouldn't be different
Banks and Building societies never loose out. When they did the people of our land bailed them out. Explanation please.!!!!!!!
ECONOMIC FORUN : YOU WILL NOT OWN ANYTHING AND YOU WILL BE HAPPY