UK prepares for recession amid rising interest rates
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- เผยแพร่เมื่อ 25 พ.ค. 2023
- Owning a home is getting more expensive as lenders begin putting up mortgage rates, spooked by stubbornly high inflation figures.
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The Bank of England is under even more pressure to raise interest rates again in response, possibly as high as five-and-a-half per cent.
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You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.
A strategy to protect against inflation is through the U.S stock market, especially the S&P500 & various ETFs. Investors must know where to put their money and how to distribute it in order to protect it against inflation while still making a profit, especially during a recession.
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!
@@martingiavarini I've known I've wanted to start investing for a few months but just haven't been brave enough to start due to the market so far since mid last year. I have 60k i want to transfer into an s&s isa but its hard to bite the bullet and do it. £557k is a huge milestone , Please whats your strategy ? i will love to have an insight.
Yes, a Fidelity financial advisor named "Catherine Morrison Evans" put an end to my fears about investing, and after making more investments, I was able to reach the high six-figure mark in less than 3 years. A licensing advisor satisfies the necessary security criteria; hence, reimbursement is guaranteed if I'm dissatisfied with the service, so I'm much better off hiring one.
@@martingiavarini I just copied and pasted her full name on my browser, super impressed with what I've seen so far. thanks for sharing!
It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
Indeed, you are correct! Economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
In the world of fina-nce, rece-ssions are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been inval-uable in my journey towards finan-cial success.
@@rogerwheelers4322 Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
@@eloign7147
My advisor is Colleen Janie Towe, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@rogerwheelers4322 thank you for this tip , I must say, Colleen appears to be quite knowledgeable. After coming across her online page, 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 UK is so far down the toilet it's already polluting rivers.
@@ab8865 yh because everything was Rosie under labour
@@Goady1000 Look at the economic figures under Blair and Brown to see that it was better plus no recessions or endless austerity.The Tories are 100% economically illiterate .
@@idonthavealoginname erm 2008
@@Goady1000 The banking crisis was caused by American banks not Labour, do some research.
@Tim Smith I did, uk decided to bailout its banks, America did not. Gordon brown sold all our gold reserves which wouldn't habe saved us but would've helped out alot
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately I'm a complete noob.
the mkt has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.
Well agreed, that's the more reason I prefer my day to day mkt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short term, at the same time laying off risk as a hedge against inevitable downturns, coupled with the exclusive inf ormation & analysis they get, it's near impossible to not out-perform. I've been using a coach for over 3 years, and my port-folio has yielded from initial $500k to a ballpark estimate of $1.8m as of today.
ambitious! who is your coach if you don’t mind me asking.. heard a bit about coaching where investments are done in personal tr-ading account with the help of a license advisor, rather than blindly sending away funds. is this right?
Absolutely, Deborah Jean Dykstra is my port-olio coach, and my tradin g account basically mirrors that of hers, it's quite transparent and automated, so I don't have to be active during tra des. You can vet her if you like.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé...
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.
I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.
I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital assets,i accrued over $80K in dividends last year
I have “Sharon Louise Count” as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. You can search her on google
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months.
@@lipglosskitten2610 I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?
@@hermanramos7092 The advisor I use is actually quite known, you might have heard of her, Catherine Morrison Evans, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.
@@lipglosskitten2610 Thank you for this Pointer. It was to find her handler, She seems very proficient and flexible. I booked a call session with her.
Breaking: UK finally prepares to admit they're in recession. It's nothing to do with interest rates, but that's our narrative.
One word: Brexit. Another word: Tories. Yet another: FUBAR.
Need two consecutive quarters of negative growth for it to be officially defined as a recession.
Yes, brexit caused a world wide recession. This is logic
Interest rates definitely have a large part to do with it.
WE ARE NOT IN RECESSION THE UK IS NOT ADMITTING THAT WE ARE IN RECESSION BUT BY GOD WOULD HAVE BEEN JUST LIKE GERMANY ARE NOW IF WE HAD NOT COME OUT OF THE GOD AWFUL EU
If the house prices where not artificially kept high for so many decades it wouldn't be that much of an issue.
The house prices are no different in any other western country..😂
@@leonhenry4861 have you ever left the uk or are you a bot? Maybe you just don’t live in London… house prices have literally quadrupled in a lot of places in London over the last two decades
@@tomstar1800 I’ve only ever live in London, Dublin, NYC
, Miami, Amsterdam, Zurich and Paris. And I have property in all those places so what do I know.
@@leonhenry4861 Of course you do leon
Stop allowing overseas investors buying our homes as investments. No more big businesses buying the peoples homes.
The cost of greed crisis
More like incompetence, stupidity and ignorance
cost of scamdemic
national grid boosted profit margins to 44% in the last quarter, their 5 month average was around 12%....
@anonymousone6075 make sunak and his twatsters put a profit cap on energy sector and essentials. Ez win.
look who's in control of most of the finances
*5.5%?!* 😱😱😱
BRO WTF HAVE THE TORIES DONE TO Y’ALL THESE LAST 13 YEARS?!?!!
You should of been around in the seventies then 15% in them days.
@@agnosticevolutionist3567 no it wont
Tories have enriched themselves, plundered the country and increased our debt from a few hundred million to a few billions.
The so called party of fiscal responsibility
@@kevindare3113 but peoples mortgage to earnings are over double that of the 70's, so @ 7.5% we'd be in the same dire situation as in the 70s, but worse because our equity is in a property that is hyper inflated.
5.5% is quite low
This goes back to the 1980s, if not earlier, the UK has become a service industry, shopping, banking, debt whilst science/engineering has been under valued, under invested in and run into the ground. Our economy worked when we could import cheap products from China/ Taiwan etc but now these countries are becoming more wealthy and hence the cost of imported good is increasing. Also the flood of cheap highly skilled workers from Eastern Europe and further afield is drying up as wages are so low in the UK compared to the US and EU. Hunt and Sunak are just bean counters, office clerks promoted above their intellectual capacities, excel gurus, they don’t have the vision to understand or see the desperate situation this country is in, we will simply stumble into a massive recession, unemployment will skyrocket and interest rates will continue to rise for years, this will take generations to fix.
Why not mention the possibility of curving inflation by raising taxes for the rich and the very rich?
That's True!
Because it won't work. Ultra wealth individuals can move about at any moment. What is needed is to tax non operational related profits.
Because inflation does not relate to the rich nor taxing them more will solve it. At the root, it is the supply chain problem. Brexits makes getting stuffs harder, and the UK is essentially an island. So you can imagine the mess of paperwork to import everything without the EU single market policies.
@@fferrando this is bullshit actually. Yes they can move but they will lose sources of income if the government where they live consider them to be foreigner and can no longer trade in their own country. They will return in the end
@@seh1080 wrong the money supply is critical. Why do you think they are increasing interest rates? Edit: yes brexit obv increased inflation though
There is no wage spiral, what we have worldwide is a profit spiral. Companies are having record profits but their taxes are very low, if not inexistent. It's always easy to blame the weakest link. No chain is stronger than its weakest link.
They do pay taxes, nobody pays no taxes. It’s the tax avoidance that gets us because they then have ways to distribute the profits away from government coffers which in turn makes the governments tax the hard working
@@leonhenry4861 no true. Amazon got a tax rebate under Trump and Bezos and Musk paid no taxes.
interesting how the bank is telling us that working people need to accept getting poorer and actively squeezing our finances further. Yet says nothing about record profits across the private sector and rapidly increasing spending on luxuries by the super-rich whose wealth is still ballooning. It's always them who get the cream in the goods time while we get barely above inflation pay rises and are told to be grateful. Then in the bad times we have to accept not being able to afford food and heating while the rich continue getting richer
Really is time for the people to make a stand yet no protest in sight
You only need to look at telecoms providers and see that they are charging RPI + ~4%. No matter what inflation is they will still be taking much more from you, but you are expected to be happy with either no pay rise, or a pay rise that lags way behind inflation. We can all do our bit though: switch providers to cheaper ones and stop spending so much money.
Some reporters are talking about greedflation but it's too little too late
@@Yee-ole-benjaminbutton this is the problem, poor people dont know where to begin to sort their lives out, they are poorly educated, they are widely too independent and as humans do they will always prefer to take the easy way, currently the easy way is to put up and shut up.
The Rich have it made everyone else is SCREWED!
Stop calling it a wage-price spiral. It's a price-wage spiral, the price increases came first.
Irrelevant comment.
@@andrewsmith3613 no, it's not.
Prices increase first because you are paid after you work, after the company used your work to sell and make the money to pay you.
@@andrewsmith3613 wages rises didn't cause inflation to spike, the Tory narrative is now to blame people wanting a payrise rather than their own mismanagement.
Feel free to reply with Ukraine war & energy spikes & I'll point out that they decided not to refurbish our gas storage facilities & other mistakes.
@@marxk4rl Those terrible companies! And what are you buying with the money they pay you and who makes those things? Maybe get a GCSE in economics first before commenting (see a concept call the circular flow of income if you are interested in exploring what you are hinting at more).
Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about 300k which has been sitting duck since forever with zero to no gains.
in my opinion, the impact of the rise or fall of the pound on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
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@@instinctively_awesome8283 Hello there, how do i find your F'/A?
@@instinctively_awesome8283 thanks for the tip, it was easy to find her on the web
Invest in Asia
Halving inflation from 20% to 10%, sounds so reassuring!
No its from 50% to 25%
Its just because they use the last 12 months to calculate inflation, so 12 months ago is when the inflation hit 10% so thats where the drop comes from. nothing else.
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400% to 200% 😜 ontop of Liz Truss's chaos, rising borrowing rates, cost of living and the austerity decade.
@@_____alyptic food inflation is still in the range of 20%, and the real prices are in certain locations even higher, as cpi is an average (and totally cooked) number
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The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
Despite utilizing the correct strategies and possessing the right assets, there can still be variations in the investment returns among different investors. It is important to acknowledge that experience plays a crucial role in investment success. Personally, I realized the significance of this and sought the guidance of a market analyst, which enabled me to substantially grow my account to nearly a million. I strategically withdrew my profits just before the market correction, and now I am taking advantage of the buying opportunities once again.
@@jameswood9772 Please can you leave the info of your investment advisor here? I’m in dire need for one
I am being advised by Lisa Angelique Abel , an experienced financial professional. If you're interested, you can easily find more information about her as she has accumulated years of expertise in the financial market.
thank you for this tip , I must say Lisa , appears to be quite knowledgeable. After coming across her online page, 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.
JEREMY KUNT JUST CANT STOP SMILING IN INTERVIEWS LOOOOL
😒Nervousness
Because he knows he is a corrupt lying barsteward.
For the first time in decades, UK is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@EthanBombaj very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisorr, you can be passively involved with the aid of a professional
@@ArthurBuchanon wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@@MiguelLopes-fi6fz *SOFIA ERAILDA SEMA*
@@MiguelLopes-fi6fz That's my licensed Financial advisor you can easily look her up, Thank me later!
Tory economics 101: studied at Eton and Oxford and practiced on folks.
Remember when the (actual) experts said Brexit would cause a recession?
Well here it comes.
Its too l8
What makes you think Brexit has actually happened and that it's the cause of the recession we're already in? Can you think of any other factors that might be at play here?
Brexit and zero plan for Brexit. A transition like that needs a plan and business, trade unions, training colleges and unis and government working towards common goals.
We got bs.
@@CrooksIsAntifawe aren't in the EU Parliament making rules so we Brexited. Are you hard of thinking ?
@@julianshepherd2038 clearly 🤦🏽♀️ and clearly this person voted for Brexit, so you have my condolences.
Telling the truth about Brexit, no wonder Dorries wants to shut down channel 4
First visit back to the uk since 2008 and it was depressing. Manchester was run down, roads full of potholes, shopping strips empty or full of charity shops London was a ripoff (always was), Nottingham was depressing and people generally miserable. Yet they still still talk about how much their houses are worth
its a dump everywhere. years of cuts to most towns. covid didnt help
where do you live?
@@davewordsworth1251 Thailand
@@DPK12 Cheers man. I want to visit. My worry is that I will see a new life and not want to come back! Are you British? What year did you move there? Would you ever move back?
Spot on. The house prices are a joke. Who wants to live in a contracting economy with bad weather. People are living in the past over there.
You say inflation
I say profiteering barstewards
Pretty much this!! Spot on.. once a company makes eye watering profits and starts paying out dividends to shareholders on the back of these, there’s no going back otherwise share prices tumble!!
Never has the world been more efficient , never have natural resources been in such an abundance .
Middle class sell outs they deserve everything that is coming
@@aktarhussain4437 also landlords
How do I become one?
yes time tp tax corporate greed and start putting people at the top in prison!!!!!!!!!
Its time for a General Election. I'd love to see a LibLab coalition.
No.
Why?
@M S You're joking right?
LibCon went well. 😐
I dont care....whichever way the salami is sliced it still tastes the same.
Why don’t they talk about the cause of this recession: corporate greed.
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💯 💶 💯 💶
@@optical-illusion9996This confirms your worst nightmare.....
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Corporate greed, yep, better write that in German then lol
th-cam.com/video/3eDduRWcKMo/w-d-xo.html
What about the Bank Of England printing new money into existence?
I think then 60% of the country will be living in tents then will the government start to consider to help the people
Yet there are still working class citizens who still support and vote conservative, incredibly disappointing
Due to Labour being consistently pathetic.
@@gsomethingsomething2658What are you defining as consistently pathetic?
I understand Labour may not be perfect, but there's 13 years of living proof of conservatives being consistently destructive.
It worries me that you think the latter is better for our country's future
@@Jack-rl5kk People aren't voting for the Tories cos they love them, they are voting for them because they see Labour as being incompetent/silly/pathetic.
@@gsomethingsomething2658 Again, please explain the patheticness, in addition to incompetent and silly.
If your statement be true, it's interesting to see how you think the past 13 years have been competent considering the state we are currently in, and having 2 of the silliest prime ministers (Boris & Li's) ever to take the title
@@Jack-rl5kk You can figure it out.
we cant be in a price wage spiral, because wages have been going up slower than inflation. that means people have been getting real terms pay cuts, which is deflationary. this has nothing to do with our wages, in fact our wages have been pushing inflation down
Tories and the media are liars.
I thought Nigel and Jacob were the oracles. Leading Britannia into Valhalla lol
LOL! The only place that these two dimwits have taken the country is up the creek without a paddle.
"into Valhalla" 🤣
“Prepares”?????
We’re already in it kids.
Lol this is just the beginning
@@distantraveller9876 we’ve been in it for at least 6 months.
@@ascgazz Pre recession. Now the real thing is kicking in
Leaving the Tories in power one more year is suicidal irresponsibility. General election now or general stryke. Its the only sensible thing to do.
Yawn.
Yh because everything will be rosie without them. Nothing changes no matter who's in charge
This labours doing conservatives just carried on with the show they need to educate force the weirdos that we have here to get a job they also need to stop all the immigrant weirdos from coming in to the country unchecked nationwide unrest is almost exploding the police nobody respects them so we’re in a tough situation
Don't worry our openly proud Tax evading PM will do just fine from the Misery. The Tory trend will continue
Poor little Rishi not knowing he is the last ever Tory PM.
Round of applause for the Tories 👏🏾👏🏾👏🏾 life in the UK is beautiful 🙄
Hey 👋 how are you doing
@Kashmir parker hey yourself 😉 I'm pretty good, cheesed off with the Tories 😤 you from the UK?
enjoy I leaving the country
@@quwipyui6519 hello 👋 friend how are you doing
@@starbwoy133 yeah I'm from uk
Headline should say... " UK finally admits it's in Recession, after record corruption and negligence from Politicians"
We need the Nationalisation of public service's and standardisation of some of those service's to bring costs down.
U.K. is not in a Recession, it’s the events of around the world is causing issues for example Russia/Ukraine invasion. Now the Turkey president with their inflation. Fact is if NHS went private the whole of UK will cry your eyes out! We be paying American health care prices which is crazy!
Bank of England has become short sighted. They are failing to understand this is cost push inflation rather than demand pull. They have created ticking time bomb as homeowners' remortgages will be due, homeowners will be shocked to see the unaffordable repayments. The best course of action for now is to hold interest rate at the current rate and inflation will gradually start to fall by September this year.
Partially correct.
It has been seen that it is now first time in 40 years that we are experiencing both demand pull and cost push inflation. At this point it doesn't seem like monetary policy alone can solve much if anything of the current dire macroeconomic situation in the UK or even around the globe.
@@BBshark000 Where is the demand pull inflation?
A recession would fix it or is this time different because of all the once in lifetimes we've been getting lol
He mentioned the B word - cut him off quick
Raising interest rates in a supply side (energy, food) inflation has the opposite effect on inflation.
Companies don't want to increase their supply, they just took cheap debt and bought back their own shares!
It makes imports cheaper. We import a huge proportion of our food and energy. Oil is also bought in dollars, as intrest rates rise, the pound against the dollar increases bringing oil and cost of production down.
I would like to tell people this. If you live on your own you can get a BIG water rates discount for being on your own. The water companies keep quiet about this!
Also, if you have a BT line and a mobile, and spend little time if at all on your landline, stay with BT but STOP your landline! They will tell you ''You cannot dial 999'' Yes you can, on your Mobile! Another saving.
Don't forget to apply for Council Tax rebate.
Don't forget you can STOP paying for the BBC license. As long as you don't watch live TV. I never do. Just Apps on the TV for replay (you cannot watch BBC IPlayer) Its all too much for me to stay on top of the MANY channels without a license!
Good luck all! (you actually do not need luck!)
Thanks for the intel on the water rates. I'll be calling them in the morning.
They aint that big a discount. at least under Thames Water.
Hey 👋
America and United Kingdom. so much in common
@@angelachanelhuang1651 Do you know with bitcoin investment you can earn up to 3000$ with just 1000$ in the next 3hours of your investment??
A budget deficit of £300 billion and a national debt of £2.5 trillion and interest on that close £200 billion, means interest rates will stay high for years to come.
@@paulbo9033repeat after me, this country is fucked ......
The national debt is private wealth.
@@andrewkirk3159 national debt is combination of many lenders, including pension funds, boe 25%, foreign institution 28%, banks etc.
@@allykhan8594 And the UK economy could not function without it.
But yet Labour only had 250,000,00 million and the Tory daydreamers still blame Labour, covid, earquakes, others wars etc,, bullshit bullshit
It is the energy. Interest rate will put a lot of people in bankruptcy for no reason.
More protest and more risers demand.
Come on. In real terms we're already there folks. 🤓
For working class people, yes.
These so-called Experts in Finance, do not have a clue what will happen. Why is it then that Multi-National Companies from Everything from Energy to Food Supply, are recording Record Profits?
The Tories still believe firmly in trickle down economics, so they will do nothing about the high profits being made, and just continue to turn the screw on the population, until it is time to call a GE, then they will miraculously find some money to try and bribe the population to re-elect them. It has worked before, many times, Thatcher used it to great effect, selling off the national assets to boost her war chest for the next election.
Because they put there prices up by 50%. 😂😂
just tax rich oh wait sanook is rich
'We're going to make a Titanic success of it'
Anyone with a mortgage ending in next 12 months is fucked. How does raising interest rates bring down food inflation?
Yeeessssss we need a reset, and the housing prices to crash 💥
Housing materials up , trade wages up, regulations increase, pound devaluing, labour shortages , millions more migrants to UK and you think what. Lol sorry that time has past
Supply and demand mass immigration keeps the housing market high. Keeps the Tory donors happy.
Interest rates should be 10 %
and the people sleeping on the streets like in California
@@quwipyui6519 thend on't take out a mortgage you can't afford.......
@@quwipyui6519 People have got to live somewhere.
Why?
@@anonymousone6075 I do agree but this will absolutely affect you as well. If people are homeless then crime will skyrocket and people will get desperate and you won't be safe walking down the street
I think we are well prepared for it. We have been in practice mode for the last 2 years
I would suggest we never came out of the Austerity that was imposed on us from 2010.
Whether the recession is mild or hard depends if your going to keep your job 🤔☹️
Sunak, please just stop talking ... put this country out of its misery ... General Election ... NOW!!!
Hasn't France just had its credit rating down graded? And Germany is now officially in recession? and Italys economy is 3% smaller than 2008? It looks like the EU is booming.
Don't you dare speak sense to the remoaners !
This guy hunt destroyed the nhs and now he’s chancellor??? How does that work???
Just look across the pond, the Tories have been jetting across there for years, for "financial advice". Which is why 1/3 of the NHS budget is ringfenced for private, American owned, healthcare providers only, and why they have sold everything to do with energy generation and supply to foreign investors. Investors who want their dividends and are unaffected by the high energy costs. Trickle down economics in action, and the Tories love that.
Why interview an economist, guaranteed to get it wrong. Better off asking Bob down the pub.
Imagine having the richest politician as prime minister and the country is in a recession.
How does that work?
Maybe the Tories are corrupt.
CLOSE NON DOM TAX LOOP HOLES!
Yes he should be taxed on his wealth I'm sure some we're along the way he's avoided the taxman 😢
@@Fulkumnuts We’re paying to heat his swimming pool xD
we are not in recession germany is
But high interest rates won't encourage growth. One effect is to make people reduce their spending, so less goods will be produced, people will lose their jobs as business slows because prices won't fall at a fast enough rate. Housing markets slow, mortgages increase.....negative equity....etc etc. Rich tories don't understand (don't care about) the impacts because they are financially immune to them.
But is the inflation being created by consumer spending or increased costs on the every day items , no one can escape or avoid.
Tory MPs are only interested in lining their own pockets. When labour are elected they need to cease all Tory MPs assets under the proceeds of crime act.
We all will face these times of austerity surely. I'm sorry but we are in post brexit freefall and I never fell for the propaganda! I am still fuming about the damage done, the lack of freedoms, the impact on trade and the loss of a blooming great workforce who helped us then were given the cold shoulder. We reap what we sow in life I think.
Wage-price spirals are a myth. We would have had massive deflation since the 70's if wages had any effect on inflation. It is just an excuse to keep the record company profits that have been posted all over the world. Shipping rates are now at their lowest point in a verylong time but there has been no cut in imported goods.
The recent rise in interest rates, I must say, doesn't seem to be effectively curbing inflation. Instead, it's creating additional financial challenges for individuals. Cutting interest rates might alleviate some of the pressure.
You make a valid point, . It's clear that rising rates are a response to various economic factors, including increased imports and reduced exports. But I wonder if the continuous quantitative tightening and higher interest rates will eventually lead to some unforeseen consequences. Is it a good time to consider allocating some of our savings to stocks?
The economic landscape seems rather turbulent, doesn't it? First austerity, then Brexit, and now the specter of widespread bank failures. It's always a wise move to conduct thorough research and consult a licensed advisor before making any significant investments in these unpredictable markets.
I agree, Market predictions can be unreliable; we've seen that recently. It's been quite a downturn for some, while others have managed to navigate it successfully. Like myself, I'm semi-retired and have maintained a $2 million ROI after successive investments.
I've been fortunate to have the same money manager for nearly a decade. We entered the market early with a modest investment, and it grew exponentially over the years. We even saw substantial profits after the GameStop surge in 2020/2021. Though inflation has eroded some of our gains, we're lucky to have a diligent advisor like Kayla Tabitha Rodrigues overseeing our portfolio.
This topic was partly touched upon in yesterday's Question Time...the interest part is that all the 3 major political party members (Labour, Conservative and Lib Dems) on the panel were avoiding give an exact answer on this financial crisis...and now here they are today giving their speeches.
15% in the seventies, sick man of europe
Brexit was a great idea! Really great idea
There are still people pretending (and some who might actually really believe, god help them) Brexit hasn't happened yet, maybe we should do it all over again just for them.
Yep... the country has never been better 🙄
For most people in my "left behind Northern Coastal town", Brexit was not a judgement call about the economy, it was a cry about dissillusionment with main stream " respectable" democracy, concerns about uncontrolled immigration, failing public services, a widening disconect between North and South....two fingers to the status quo....
@@eddieharris6004 Yeah? How's that gone for everyone?
Inflation is simply the need for companies to make us have less money rather than them make slightly less profit… simple greed
No it's not. Inflation is literally just an increase in the supply of money.
How do we stop inflation? Stop printing new money COMPLETELY and revert back to the gold standard.
The UK has been in recession sine the end of last summer, it’s just the government can’t cook the books any longer,
Until the intrest rates get put above the rate of inflation the UK is in for a long a rough ride, BOE is slow to react and not in change of inflation 😢
I agree, it's just that they refuse to admit it.
I've been bracing for months after their last recession forecast....bit like the non event of Russia's winter offensive and now bracing again for springs which is nearly over...hold on for the summer offensive.
Very hard to find home rent
Profiteering starts at the top...
These interest rates aren’t high,it’s just for the last 10 years we have gorged ourselves on cheap debt and expected to stay that way for ever
Brexit you wanted, Brexit you got. Oh how the mighty is falling 😂…and only because of hatred and ignorance 😂. The world is watching and laughing
He actually said, in order to avoid recession he has to increase interest rates, even if it triggers a recession.
Base.
What about an asset price spiral
I know is great
Meanwhile Rishi Sunak be like "Some of you may die , but that's a sacrifice I'm willing to make" whilst sitting in his hot tub with millions if not billions in his bank and his wife still pays no taxes despite being richer than everyone in the country right now. Gotta love it, RULE BRITTANIA
I'm going to say something on the spectrum - did the economist interviewed have tomato sauce on his shirt?😂
Would someone be kind enough to tell me if the then British government who proposed Brexit told its people that there will be labor shortages and food supply will be more expensive>
But Zelensky says he wants more money!
Hey 👋 how are you doing
The cost of Brexit crisis keeps on giving.
@@Derek-Trotter No. Different countries often have different reasons for experiencing similar situations. For us, it was Brexit. Which left us in a really weak and vulnerable position when other, more global events hit us.
Why the f aren't savings rates going up accordingly?
Not inflation but Brexflation. Face the fecking truth already
Much of the current inflation is down to all central banks including British, printing money in eye watering amounts for the past decades. The war and pandemic have not helped , but inflation was going up before the Russian invasion . The Fed in America doing very much the same....money based on huge debt..and things are getting worse . No wonder some countries are increasing their gold reserves , and people turning to a real asset.
Debt based economy works especially if you're a nation with a strong currency but let's say you have one of the strongest currencies and then do something to devalue your own currency after borrowing a lot then you've basically cut the amount of credit available and artificially inflated your own debt. If you do something to devalue your currency that takes years to implement then naturally inflation takes over to try to balance out that bad decision that is devaluing the currency. If you can't conveince people after the bad decsion your ecomemy is strong then your currency will become weak and the people poorer. Basically, Britain voted for this, so suck it up.
Finally some fucking truth in this comment section!
So many lobotomites going on about taxing rich people more... Well they will just move their money to offshore bank accounts and move their companies abroad. And that leaves only the non rich people in the country. And when a company gets taxed more, they will increase prices of the good or service that they provide.
Only the less wealthy are affected. Today's inflation is not driven by demand alone. It is also driven by the greed of corporations whom the government supports. Government has to step in and subsidize, and this in turn work against anti-inflation.
We need a general election
my mortgage is now 50% more than it was 2 years ago. thats just crazy. thats thousands a year.
Prepares for recession 😂 only been in a recession for about 9 months 😂
We weren't actually in a recession but it's definitely coming now.
@@distantraveller9876 I disagree. Recession started about 9 months ago in my opinion
@@tvted6160 Pre recession
Deflation is coming. A global, deflationary Greater Depression. I expect housing to lose 95% of its value. Sweden, Canada and Australia will probably have the worst housing/property collapses.
Here's hoping 🤞
For real this time? We’ve been in a Schrodinger’s recession for months now
We are avoiding recession, we are headed to rescession.....life was easier when we were in recession! My money went a lot further in 2008!
At least C4 are prepared to include Brexit as one of the major factors. The others just try and ignore it.
90% is greed.... energy crisis right? go look how much profit national grid made in the last quarter. 44%..... 5 year average for them is 12%.
that's the company who runs our energy grid, so they quadrupled profits during a so called scarcity of energy
Brexit has nothing to do with it. Its all the other stupid stuff the government intentionally caused during covid printing money like it was going out of fashion. Brexit was 4 years ago and in 2019 the economy was thriving at the highest it ever was
Let's ignore the Elephant in the room...
The government's complete lack of commitment to mitigate the energy prices!
If they had implemented a proper windfall tax on the energy suppliers, this could have been used to control energy prices for EVERYONE.
Instead, we got some token help for domestic users and businesses got completely hammered.
Since they have to pass those costs onto the customers, prices rise by a huge amount, resulting in a massive inflation rise in ESSENTIAL goods and services.
Increasing Interest rates is intended to reduce inflation by making people reduce their spending, however inflation isn't being powered by consumer spending, but by inflated energy prices, so increasing interest does very little except to increase the pain of the public (and push us further towards a recession).
The only answer is to bring down energy prices
Price gouging _used_ to be illegal in a time of Crises.
I don't know what the past 13 Years have been if not Crises.
Was this not already a recession then?
Switzerland 1.5%
Inflation is largely driven by supply side economics, primarily due to supply chain issues due to lockdowns and then the war in Ukraine. Putting up interest rates aint really going to deter people from using petrol, gas electricity and buying food ect. Ironically higher interest rates leads to higher rental and burrowing cost which also increases inflation.
Exactly. The poorer element have already stopped buying non essentials, but as a wealthy country, many still have enough to continue eating out, clothes shopping etc.
Interest rate hiking as a strategy to cool inflation means destroying the bottom 70% and only when it tickles the bottoms of the well off will things cool down.
The problem was that governments were to slow to react to inflation, a lot of people saved money during the pandemic so they still have enough to not 'droughned' , for poor people most were already buying only essentials.
Thanks Sunak
Just 5 weeks ago I was quoted 4.65% interest and a week ago I settled with 5.15% because I missed the cut off point. Fixed for 5 years in order to secure a lower rate (would have been 5.65% for a 2 year lock) and hope theyre under 5% in the next 3 years so that my renewal is kind to me.
yeah
Our inflation is 3% higher than the EU average due to food inflation. This is caused by the Brelephant in the room. We can't afford the Brelephant any more. It was never going to work.
😂 but the people who voted for Brexit keep telling us that is will all be fine… eventually. Mostly because they’re all like 70 years old, retired, with their mortgage paid off and a second home that they rent out at extortionate rates to the younger generations and as such can’t see / aren’t affected by the absolute mess the country is in.
It's not getting better in the UK...
Maybe not for you my advice is game up
Well not with that attitude 😊
@@paulmessenger9836 for me it's working great, I'm talking about the country as a whole that s going down, data shows. But I think you did not go to school nor have any capacity to read data, and you're helping the country going down.
So after all these rate hikes and problem persists. Maybe they should look at why it happened. Maybe paying people 2500 to sit at home.
I'm so glad we are in safe hands... oh wait... 😢😢😢😢😢😢
GREED, PURE GREED, GIVE US OUR TAX AND MONIES BACK,STOP FILLING YOUR, BANKS,,,YOURS….
Umm no lol
what happens when millions of people lose their homes? how will that help the economy or people? the problem is these rich people want to buy your homes at auction and rent back to you. this is asset theft on a grand scale.
How is it theft if they bought it? Maybe you and your family should have made better choices.