Former Treasury adviser: UK 'caught up' in financial global storm

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  • Опубликовано: 24 янв 2025

Комментарии • 159

  • @davidmcmanus2464
    @davidmcmanus2464 15 дней назад +66

    Why would anyone invest in the UK with this lot in charge

    • @terryjesper9640
      @terryjesper9640 14 дней назад +2

      Nobody is investing in the UK.

    • @supergustavus1503
      @supergustavus1503 13 дней назад

      Don’t worry trump is coming to buy the NHS and sell us chlorinated chickens

    • @Everlast-2025
      @Everlast-2025 9 дней назад

      Investors are typically not political, there is no left or right lean in finance

  • @MinarulSheikh-j1u
    @MinarulSheikh-j1u 14 дней назад +62

    so there was this period in my life when i kept attracting the wrong people, wrong opportunities, everything just felt…off. i couldn’t figure out why it kept happening. then one day, a friend mentioned a book called Vibrations of Manifestation by Alex Lane, saying it helped them see the patterns they didn’t even realize they had. i decided to give it a read, and wow, it opened my eyes to how much my own energy was shaping my life. seriously, this book is something else.

    • @96BxelA
      @96BxelA 9 дней назад

      Thanks for the recommendation.

  • @daveh322
    @daveh322 15 дней назад +45

    Always somebody else's fault.

    • @grahamdyas1626
      @grahamdyas1626 14 дней назад

      Totally self inflicted by policies of this and the last government. They just refuse to learn from past mistakes. Instead of looking after the nation they just bicker between themselves.

    • @aleph8888
      @aleph8888 13 дней назад

      It’s what the Labour gov said in 2008.

    • @graemeshort1928
      @graemeshort1928 12 дней назад +2

      Thats the LIE-BOUR way never their fault !

    • @SilentWalker-if4nc
      @SilentWalker-if4nc 11 дней назад

      never ends well

  • @fortlast1843
    @fortlast1843 14 дней назад +12

    The government should consider using NS&I to offer good rates to British taxpayers rather than pay higher rates in the gilt markets.

  • @Bungle-UK
    @Bungle-UK 15 дней назад +61

    Ah, blame the world, not the Chancellor 🙄🙄

    • @iamgermane
      @iamgermane 15 дней назад +3

      Western Europe owes the US taxpayers for FREE defense since 1945. Greenland should be given to Trump for FREE!!!

    • @chrisyoungdesign1342
      @chrisyoungdesign1342 14 дней назад

      Well sadly that's the way world works mix it in with Reeve's ignorance and ideology our money doesn't come just from our pockets it comes from other countries and its been that way since the birth of a global market was formed.

    • @chrislambert9435
      @chrislambert9435 14 дней назад +3

      Youre correct, they'll blame anyone except themselves

  • @AlexGoldring
    @AlexGoldring 15 дней назад +13

    How to stick to rules: rewrite the rules. Brilliant.

    • @graemeshort1928
      @graemeshort1928 14 дней назад +1

      Don't freet she will and it won't fix the problem ?? we just be deeper in debt!

  • @joebloggs1385
    @joebloggs1385 14 дней назад +18

    It’s the old problem Labour isn’t working , nothing changes , we need to grow jobs butLabour’s budget made employment more expensive

    • @graemeshort1928
      @graemeshort1928 14 дней назад

      As an OAP this is my 4th LIEBOUR Gov and true to form they runout of our money ! It always ends in failure just check their poll rating? something to be PROUND of??

    • @djmarti7773
      @djmarti7773 14 дней назад +5

      The market was saying that brexit had killed the uk economy for years to come.
      So how is this 1 budget made 14 years of tory budgets worse.
      Labour should do the only thing it's dragging its feet on and tax the rich.
      Tax the corporations and the super rich.
      The energy companies making massive profits. So tax there profits..
      And end the BOE taking the uk into another recession, even though it doesn't feel that we ever came out of.

    • @Moustache-Gaming
      @Moustache-Gaming 13 дней назад +1

      @@djmarti7773 the problem is that we as in humanity, globally have allowed wealth accumiliation to go on for so long that we no longer CAN change things.

    • @djmarti7773
      @djmarti7773 12 дней назад +1

      @Moustache-Gaming agree partly, but we have to do something, b4 oor demise.

    • @Moustache-Gaming
      @Moustache-Gaming 12 дней назад

      @@djmarti7773 if there was something we could do, yes. but there actually is nothing that can physically be done. like litterally.

  • @andrewsmith-cm9qw
    @andrewsmith-cm9qw 15 дней назад +14

    Billions spent on getting into a Railway Station 20 minutes faster. The main problem in the future is people will have no jobs to go to to use the train and the fares will be so expensive that a enterprising individual can start a bus service to run the railway route cheaper.

  • @akj3388
    @akj3388 14 дней назад +14

    That's because Bank of England is selling bonds for no reason. That puts upward pressure on interest rates and also sucks money out of private sector for no reason. PM should tell BoE to stop selling bonds and the downward spiral will stop.

    • @Pirake123
      @Pirake123 14 дней назад +1

      100% just let the bonds mature. BOE is run by absolute mugs and we have to pay for it in higher taxes.

    • @glentravis3710
      @glentravis3710 14 дней назад +1

      Lol 💯 correct it's that simple

    • @graemeshort1928
      @graemeshort1928 14 дней назад +3

      See the TUBE from Prof Richaed J Murphy he explains this issue so well but to be fair RR is her own worst enemy?

  • @mike747436
    @mike747436 14 дней назад +3

    My understanding is that the Chancellor can override BoE policy if it's in the national interest. Why then does she not tell the BoE to stop selling bonds?

  • @XTSu-sl1bb
    @XTSu-sl1bb 15 дней назад +33

    We need to reduce our spending. There’s so much waste in this government/country with providing translators in all the hospitals at 150 million per year. We’re spending 8 billion in a year on housing illegal immigrants. When these people gonna wise up, we’re no longer a rich country anymore. We need to be more careful about what we can spend.

    • @chrislambert9435
      @chrislambert9435 14 дней назад +1

      Yep, they need to seriously look at cutting Housing Benefit

    • @Moustache-Gaming
      @Moustache-Gaming 13 дней назад +2

      @@chrislambert9435 yeah youre right. we dont have enough homeless people yet.

    • @chrislambert9435
      @chrislambert9435 13 дней назад

      @@Moustache-Gaming Government subsidies including Housing Benefit are deranging the rental Housing market

  • @chociskyenquiries7573
    @chociskyenquiries7573 14 дней назад +11

    For 99.9% of us we have no control and struggle on a day to day basis. This situation has been created by 15 years of Tory Government including Brexit.

  • @KG-vn8ou
    @KG-vn8ou 15 дней назад +27

    Stop Ed millibands 20bn foreign give away.

  • @CarolSkelton-b6d
    @CarolSkelton-b6d 13 дней назад +3

    We are where we are because of Gov incompetence. Simple

    • @chrysalis4126
      @chrysalis4126 8 дней назад

      Bank of England making decisions that government have no power over.

  • @DavidSimms-pn5oe
    @DavidSimms-pn5oe 12 дней назад +1

    Because they have to be, it's getting ridiculous WEF WEF WEF it's getting ridiculous 🙄

  • @Calactic
    @Calactic 15 дней назад +18

    We've been caught in a financial storm since Brexit 🤣

    • @jw841
      @jw841 13 дней назад +4

      2008

    • @Fab666.
      @Fab666. 13 дней назад

      @@jw841it’s obviously since Brexit, that’s 6 prime ministers later! Which is out of the ordinary by just a little

    • @Byrni1111
      @Byrni1111 12 дней назад +1

      ​@Fab666. Britian never recovered from the 2007-2009 recession, even during EU membership, we grew at a much slower rate.

  • @ftsetradersteve2742
    @ftsetradersteve2742 14 дней назад +2

    Labour under Starmer will stick to their ideology even as Britain goes down the plughole....

  • @lucasedmund3600
    @lucasedmund3600 15 дней назад +8

    perhaps don't spend like a drunken sailor.

    • @miguelmelchior986
      @miguelmelchior986 15 дней назад

      A sailor? What can a sailor spend inside a boat?

  • @Paws4Thought669
    @Paws4Thought669 15 дней назад +11

    All planned

  • @KG-vn8ou
    @KG-vn8ou 15 дней назад +12

    Oh our debt interest is 5%+. Wasn’t it only 4.8% when Truss was vilified?

    • @PaulOsmon-z4h
      @PaulOsmon-z4h 14 дней назад +1

      Was 4.3%

    • @KG-vn8ou
      @KG-vn8ou 14 дней назад

      @ thanks and she got absolute pelters from the media. Yet hardly a peep from the mainstream media.

    • @chrisyoung2085
      @chrisyoung2085 11 дней назад +1

      @@KG-vn8ouAs a percentage change it was a lot higher though.

  • @stevensum2011
    @stevensum2011 14 дней назад +2

    Doesn't matter what party we choose uk mess up. Uk is alone after brexit. Trump no going give uk a good deal...

  • @brandstof6601
    @brandstof6601 14 дней назад +1

    There is no global financial storm it's. Completely missed management.... What the hell a beauty contest ...what Muppet

    • @IanMay-g5u
      @IanMay-g5u 13 дней назад

      The most tenuous link ever stated on air. Carry On Chancelor. Ooh er missus.....

  • @jasbindersingh2441
    @jasbindersingh2441 15 дней назад +6

    Ladies and gebtleman.... this is what happens when the bank of england is no longer rigging interest rates rock bottom as they have been doing since 2010.
    Had the rigging stopped a decade ago we wouldn't be in this shyt
    Debt would be much lower as the government sinply wouldnt have been able to afford the repayments.. and mortgages would have been much higher meaning these days house prices and rents would be much lower too.
    Unfortunately those tosss pot tories only ever cared about pumping home prices .... which neeeded rock bottom rates .
    The silly lockdowns needed rigged rock bottom rates to finance billions of pounds of pointless furlough etc
    Now all the rigging has finally stopped and the market's are finally deciding what real rates should be folks are rightly getting worried.
    They should be , its gawna be tough , home prices only gawna go down and taxes go up.
    I read what with the compensation paynents the treasury is paying to the bank of england plus the yearly interest, 7 pennies out of every pound are paying interest....thats more than the schools and the defence

    • @Thefreenebula
      @Thefreenebula 15 дней назад

      No reason for home prices to come down..

    • @Buppasiri1
      @Buppasiri1 15 дней назад +1

      They will step in again and ground lock rates, believe me. But US is ground zero. Other central banks can't operate solely and that causing obvious pain.

    • @gusmanue8337
      @gusmanue8337 15 дней назад +1

      Excellent analysis this is all the fault of our central bank they should have raised interest rates and allowed the recession to take its course years ago!
      Instead they did QE bought Government bonds bailed out the banks and now the chickens are coming home to roost
      As painful as the recession is going to be it will deflated the economy it will bring down house prices mortgages and rents which have to come down
      They date not lower interest rates that's going to cause inflation to go higher and the bond market will collapse with interest rates going even higher.
      Let's take our medicines tighten our belts save money and we will make it the other side

  • @martinsingfield
    @martinsingfield 14 дней назад +1

    That is a very fair and reasonable analysis. In my opinion, the Government should set a long term target to reduce debt to under 40% of GDP, with substantial year on year reductions (1% GDP per annum). This will both reduce interest costs and allow room for future one off borrowing in the face of national emergencies.

  • @CodStrike2820
    @CodStrike2820 14 дней назад +2

    Keep giving Ukraine and Israel billions.

  • @leebailey229
    @leebailey229 14 дней назад +1

    Never invest in the UK

  • @Dean-Bites
    @Dean-Bites 15 дней назад +3

    Wouldn't surprise me if it all happenns again trillions just by magic vanish in thin air

  • @Riddingwithvivian
    @Riddingwithvivian 14 дней назад

    That would be translated as... "Yeah we fucked this up"

  • @bumberClart1000
    @bumberClart1000 13 дней назад

    The banks and bankers know more than we shall ever know

  • @stephenrichards5386
    @stephenrichards5386 14 дней назад

    Whilst we live in a global economy it isn't an excuse for the mess we are faced with currently

  • @luke7708
    @luke7708 13 дней назад

    This former treasurey advisor was the person responsible for austerity. Once again, asking for more cuts on the poorest.

  • @iactr3807
    @iactr3807 14 дней назад

    Hang on - all the unnecessary quantitative tightening by the Bank of England is the biggest problem here. Rachael Reeves needs to tell BoE to stop it & things will improve vastly. This dude has said nothing about the BoE causing these problems.

  • @x3rs3s
    @x3rs3s 14 дней назад

    Everything went down the toilet with the Torys and Brexit.
    Wasteful spending on a rail network and nepotism... Sad. Really sad to see a rich nation become poor.

  • @Covkid
    @Covkid 14 дней назад +2

    Stop all benefits

    • @garyh1572
      @garyh1572 14 дней назад

      Including yours !!!

  • @normkeilty
    @normkeilty 14 дней назад

    We have an "Economic Strategy" ??????

  • @user-bu9nb8wr6e
    @user-bu9nb8wr6e 11 дней назад

    Spinning for Labour 😂

  • @danielstanton7285
    @danielstanton7285 15 дней назад +6

    Lol HS2 still makes laugh...£150 billion on what......saving 40 minutes (when they run on time).....moving freight around is just a fanboy excuse.

  • @KG-vn8ou
    @KG-vn8ou 15 дней назад

    Global Storm! Nothing to do with the mini Budget then!!!!!!!!!

  • @oliverclifford6652
    @oliverclifford6652 14 дней назад

    This is a long time coming and it all started in 08. The only way to fix this problem is a complete reset. Hopefully it does not take a big war to start the process.

  • @ajx9747
    @ajx9747 14 дней назад +1

    BREXIT MEANS BREXIT 😂😂😂🇪🇺🇪🇺🇪🇺

  • @simpso0ns
    @simpso0ns 15 дней назад +14

    She is talking about human rights in china, while her government is arming a country that is livestreaming its war crimes .
    😅😅😅😅😅😅😅😅
    Rich.

    • @tobefree3718
      @tobefree3718 14 дней назад +3

      Yep exactly. The lazy xenophobia of these sky presenters is so tedious. Coupled with California pictures on every item. Where was this sympathy for Palestine??

  • @chrislambert9435
    @chrislambert9435 14 дней назад

    They better reduce spending

  • @itsclint146
    @itsclint146 13 дней назад

    Take your depreciating fiat out of the banks who now get to use it to bail themselves in when in trouble and buy physical gold and silver

  • @raulduke6105
    @raulduke6105 14 дней назад

    Stop spending on baby g ticket items like aircraft carriers and trident!

  • @aytw661
    @aytw661 14 дней назад

    All because liz truss has broken the dam, so now any little thing will spook the market

  • @kalbirsingh1411
    @kalbirsingh1411 13 дней назад

    We need to get back onto a gold and silver standard digital pay

  • @ExploreLearnEnglishWithGeorge
    @ExploreLearnEnglishWithGeorge 14 дней назад

    raise taxes on profits

  • @monkscyas1022
    @monkscyas1022 14 дней назад

    This guy is the reason! Not truss

  • @m0o0n0i0r
    @m0o0n0i0r 13 дней назад

    Lol uk gilts higher than Greek bonds

  • @Covkid
    @Covkid 14 дней назад

    Yes

  • @thehrschannel4784
    @thehrschannel4784 14 дней назад

    There is a third choice reduce the size of government just need to look at Hong Kong 1961 onwards under John James Cowperthwaite... but strangely they never seem to have to justify how they serve the populous or what they do for us...

  • @gerrypowell2748
    @gerrypowell2748 14 дней назад

    Could the problem here simply be bad politicians,but don’t mention Brexit,bad bad🤪

  • @davidt9537
    @davidt9537 14 дней назад

    Get your money out of the banks
    Buy gold and silver coins

  • @gizmo6746
    @gizmo6746 15 дней назад +2

    I'm keeping my family out of the UK from now on.

    • @Covkid
      @Covkid 14 дней назад

      Move to India man

    • @moons4768
      @moons4768 14 дней назад

      Whole world kinda same …financial woes hitting every nation. Poorer Nations are suffering worse.

  • @alanrogers9597
    @alanrogers9597 14 дней назад

    Couldn't be Rachaels fault

  • @RomeoDeltaWhiskey
    @RomeoDeltaWhiskey 14 дней назад

    This man is a manifestation of ‘the blob’

  • @StratsRUs
    @StratsRUs 15 дней назад +7

    Tax the Rich for real this time

    • @alankeane4059
      @alankeane4059 15 дней назад +1

      Doesn't work

    • @daveh322
      @daveh322 15 дней назад +4

      Sure, let's give them even more money to waste.
      Great plan.😂

    • @broccoliface4501
      @broccoliface4501 14 дней назад +2

      Yes, lets make even more of them leave, and their taxes, businesses and investments with them... quick, bus in another 10000 folks who will never pay into the system as well, while we're at it....

    • @TommyAtkins-bd5ky
      @TommyAtkins-bd5ky 14 дней назад +1

      foolish

    • @gkinguk
      @gkinguk 14 дней назад

      @@alankeane4059 yeah it does bot

  • @miguelgascon2366
    @miguelgascon2366 14 дней назад

    Suggesting austerity 2.0 is recommending ZERO investment and ZERO growth.

  • @PiperStart
    @PiperStart 14 дней назад

    Expropriate the wealthy landed gentry.

  • @NandishPatelV
    @NandishPatelV 14 дней назад

    I turn to Sky News for analytical reporting. KeepSmiling 😊🌺

  • @rjanarvikk4006
    @rjanarvikk4006 15 дней назад +8

    Rejoining the European Union would easily fix this...

    • @canalboating
      @canalboating 15 дней назад +4

      are those tears still stinging

    • @clarkhunt4014
      @clarkhunt4014 15 дней назад

      Haha pull the other one

    • @peterjessop1878
      @peterjessop1878 14 дней назад +4

      Yeah because France and Germany are doing so well

    • @miteshghadi3146
      @miteshghadi3146 14 дней назад +1

      More money to Ukraine right 💀🤦‍♂️🤦‍♂️

  • @ScruffyTubbles
    @ScruffyTubbles 14 дней назад

    I love these so called self professed 'experts' - I am unsure if this character has any actual profession lor vocational exams.
    Never mind we don't need to tighten the budget deficit and we've got lots of cash to pay these people (and all the other SPADs, NVQ's Private 'Consultants'' etc ... etc ...).

  • @stevedom73
    @stevedom73 14 дней назад

    Yes but we weredoing well under tories who know zbout money & economics not like this bunch of numpties who have t a clue!!!😮

  • @bobpadok5331
    @bobpadok5331 10 дней назад

    All roads lead to Bitcoin.

  • @markellwood4132
    @markellwood4132 15 дней назад +2

    Nobody is watching the Murdoch puppets.

    • @simpso0ns
      @simpso0ns 15 дней назад

      Because no one knows they are his puppets.
      That's the magic trick.

    • @dannyquinn9128
      @dannyquinn9128 15 дней назад +2

      Murdoch doesn't own Sky News.

  • @skymore2948
    @skymore2948 15 дней назад

    a combination with cold i believe under zero.
    -15 is so hard.
    i will think about Rusiia and missing VLADIMIR PUTIN all the Time, when i go to sleep. with cold.

  • @pataleno
    @pataleno 12 дней назад

    The Labour government talked the economy down. They have been part of the problem. And are definitely part to blame.

  • @butlerpa100
    @butlerpa100 14 дней назад

    So according to the treasury it’s not Reeves budget that has caused this crisis, must need to go to specsavers

  • @Mr---mr4ll
    @Mr---mr4ll 14 дней назад

    QUICK… please send £50 billion to Israel so we can fix this… HURRY
    ALSO GOD BLESS BREXIT 😂😂😂

  • @HarishYadav-mq5vo
    @HarishYadav-mq5vo 14 дней назад

    i remember this one night i was scrolling aimlessly, feeling like i had hit rock bottom. it felt like nothing i wanted was ever going to happen for me. i don’t know why, but i clicked on this link about the book Vibrations of Manifestation by Alex Lane, and something about it drew me in. the more i read, the more i felt like it was written just for me. it’s wild how much a single book can change your perspective.

  • @bencob085
    @bencob085 14 дней назад

    ruclips.net/video/V1m2z_jchxM/видео.htmlsi=2VjJ1AKmC-kWwKXx

  • @JimboJimbo-i4i
    @JimboJimbo-i4i 14 дней назад

    Clearly not a sensible strategy?
    Starmer is a bully that wont stop

  • @johnregan2443
    @johnregan2443 14 дней назад

    Lied when they got in ,and never stopped.

  • @Crouchy232323
    @Crouchy232323 15 дней назад +2

    This constant criticism of Rachel Reeves is pure antisemitism

    • @piotrwojdelko1150
      @piotrwojdelko1150 15 дней назад

      rise taxes tor farmers

    • @codswallop164
      @codswallop164 15 дней назад +1

      She does have the beek and operates like one but to the best of my knowledge she's not a smelly shoe.

    • @perolagrande
      @perolagrande 15 дней назад +2

      ​@@codswallop164Jew don't think so?

    • @codswallop164
      @codswallop164 15 дней назад

      @@perolagrande it is joobious I agree...

  • @1945wittman
    @1945wittman 14 дней назад

    There is another option to borrowing its called living within your means. Britain is running a national health and social welfare system for the rest of the world. No one in government has the guts to say enough is enough.

  • @wokenessiscancer2176
    @wokenessiscancer2176 15 дней назад

    The circus and all it's, merry clowns starmer lammy etc absolute joke

  • @MarkG-k9p
    @MarkG-k9p 8 дней назад

    ruclips.net/video/YtFOxNbmD38/видео.htmlsi=bQu15Z-FHcjsDb_9