Obviously. If prices rise 10% during 10% inflation then they'll still rise a further 2% during 2% inflation. There's no price reduction, just a slower rise.
The UK is economy is collapsing, we are in financial ruin and there are rising taxes due to a combination of 4 reasons: 1. Recession in 2008/2009 - Leading to government borrowing, bank bailouts and austerity measures . Due to austerity measures, there has been a lack investment in the NHS and public services since 2008/09. This lack of investment has now caught up with us as its effect has been more noticeable in recent years. Back in 2007, the UK was one of the worlds strongest economists predicted our GDP would grow 3% per year. Also in 2007, £1 was worth around $2. From around 1997 until 2009, the UK economy was stronger than any other G7 country. It took the UK until around 2020 for the UK economy to go back to 2007 levels. To give you an indication of how bad this recession was, the UK government debt as a percentage of GDP before the recession was 41%. In 2012 this jumped to 83% and right now is greater than 98% ! 2. Brexit - Resentment from the recession played a part in false stories told by ministers to gain voter support. Economists and analysts at Cambridge Econometrics found that, by 2035, the UK is anticipated to have three million fewer jobs, 32% lower investment, 5% lower exports and 16% lower imports, than it would have had been. The report states that the UK will be £311bn worse off by 2035 due to leaving EU. The government borrowed more money to pay the divorce bill triggering markets to believe if we could ever pay this back, so the value of the pound dropped, inflation increased. Up until Brexit in 2020 the UK had year-on-year GDP growth. However, the GDP growth from 2008/09 to 2020 is a false picture as the growth in these years was due to austerity measures. Brexit made our situation much, much worser. Our politicians lied to the public e.g. Boris Bus, blaming migrants, we will be better off after Brexit and our economy will recover due to UK trade-deals etc. The economic risk due to Brexit was huge and then Covid happened. 3. Covid - The government borrowed more money again as we had to bail out the whole economy. There was massive drop in GDP again and it crashed, all business were shutting down. The UK is the only G7 country to never economically recover after covid. Yes, we had coronavirus vaccination costs, support schemes, grant and loans but all European countries did similar (apart from furloughing the nation cost) and the whole world was in the same boat. Let’s not forget the PPE scandal, bounce back loan fraud, eat-out-to-help-out and ministers holding shares in vaccination firms. 4. Political mismanagement in all of the above - constant leadership changes, rising crime rates. UK government borrowing is out control leading to higher inflation and rising taxes. Russia/Ukraine conflict, I’m excluding from the 4 reasons as all European countries are in the same boat, other European countries are more impacted as they rely greater than UK on Russian gas and trade. High streets in some areas are like a ghost town, Debenhams etc has gone. National wages have stagnated across the country. Home ownership is a right only reserved for the rich. Less and less deposable income for the average Brit. The government appears to be nothing to prevent the average Brit from becoming poorer. I can write even more but getting angry whilst typing. The UK is in a complete and utter mess. We are in cost of living crisis. The government doesn’t have enough money and neither does the public. It will take one or two generations not years to fix it.
Na they ain’t giving it zelenski, they’re washing it clean whilst pretending to the gullible public that they’re giving it away for war! Most of it ends up in an off shore account, which is why no x MP ever works again after their time is up!
The traditional gatekeepers of injustice would have been journalism in the press and media. However they have lost their teeth and no longer challenge the acceptable point of view in search of injustice.
The British press is for the most part pro-Tory and vociferously attacks Labour at every chance. The BBC does a relatively good job of staying neutral.
You have the lowest pension in europe you have the highest taxes in europe you work the longest hours in europe and despite being small condense island with 60milion on it You not seeing any benefits The question you need to ask is where all th is money is spent on Let’s start with the amount of people working for government House of Lords and their salaries every moron PM whoever worked a day gets £150 grand indefinitely All the councils that do bugger all and their workers NHS is a good example of it U.K. would like to turn everything to HR PR they love their incompetent managers who do bugger all a mismanaged country full of high useless paying roles
The UK is economy is collapsing, we are in financial ruin and there are rising taxes due to a combination of 4 reasons: 1. Recession in 2008/2009 - Leading to government borrowing, bank bailouts and austerity measures . Due to austerity measures, there has been a lack investment in the NHS and public services since 2008/09. This lack of investment has now caught up with us as its effect has been more noticeable in recent years. Back in 2007, the UK was one of the worlds strongest economists predicted our GDP would grow 3% per year. Also in 2007, £1 was worth around $2. From around 1997 until 2009, the UK economy was stronger than any other G7 country. It took the UK until around 2020 for the UK economy to go back to 2007 levels. To give you an indication of how bad this recession was, the UK government debt as a percentage of GDP before the recession was 41%. In 2012 this jumped to 83% and right now is greater than 98% ! 2. Brexit - Resentment from the recession played a part in false stories told by ministers to gain voter support. Economists and analysts at Cambridge Econometrics found that, by 2035, the UK is anticipated to have three million fewer jobs, 32% lower investment, 5% lower exports and 16% lower imports, than it would have had been. The report states that the UK will be £311bn worse off by 2035 due to leaving EU. The government borrowed more money to pay the divorce bill triggering markets to believe if we could ever pay this back, so the value of the pound dropped, inflation increased. Up until Brexit in 2020 the UK had year-on-year GDP growth. However, the GDP growth from 2008/09 to 2020 is a false picture as the growth in these years was due to austerity measures. Brexit made our situation much, much worser. Our politicians lied to the public e.g. Boris Bus, blaming migrants, we will be better off after Brexit and our economy will recover due to UK trade-deals etc. The economic risk due to Brexit was huge and then Covid happened. 3. Covid - The government borrowed more money again as we had to bail out the whole economy. There was massive drop in GDP again and it crashed, all business were shutting down. The UK is the only G7 country to never economically recover after covid. Yes, we had coronavirus vaccination costs, support schemes, grant and loans but all European countries did similar (apart from furloughing the nation cost) and the whole world was in the same boat. Let’s not forget the PPE scandal, bounce back loan fraud, eat-out-to-help-out and ministers holding shares in vaccination firms. 4. Political mismanagement in all of the above - constant leadership changes, rising crime rates. UK government borrowing is out control leading to higher inflation and rising taxes. Russia/Ukraine conflict, I’m excluding from the 4 reasons as all European countries are in the same boat, other European countries are more impacted as they rely greater than UK on Russian gas and trade. High streets in some areas are like a ghost town, Debenhams etc has gone. National wages have stagnated across the country. Home ownership is a right only reserved for the rich. Less and less deposable income for the average Brit. The government appears to be nothing to prevent the average Brit from becoming poorer. I can write even more but getting angry whilst typing. The UK is in a complete and utter mess. We are in cost of living crisis. The government doesn’t have enough money and neither does the public. It will take one or two generations not years to fix it.
@@er4767 And the amazing part is that quantitive easing after 08 saw the wealthy get wealthier, buy more assets which they can take loans out for using those assets as collateral, which is brilliant for them in a low interest economy. This brings all the prices up for everyone else due to inflation and their assets skyrocket in value giving them more incentive to buy more for themselves and the cycle repeats. COVID too saw the biggest rise in wealth from the ultra rich because all the money borrowed went straight through the country right into their pockets. Not to mention more QE and where did all that money actually go? Not to us evidently, we all got a hell of a lot worse off while they thrived.
0.1% down on gilts and inflation. That's not alot or even abit. It's miniscule. The OBR will revise its figures for borrowing in March and Reeves will miss her main fiscal target. That will mean cuts. The cost of all those tax increases hasn't even fed through yet either. Oh and that 0.1% for inflation was down to less demand. Which is a dire situation.
It destroyed 6% of the UK economy. And that is an ongoing continual loss which will eventually make the huge loss due to Truss look like a few coins lost down the back of the sofa.
@publics.publicHow much did we borrow during covid? GDP per capita or GDP in general for that matter has completely stagnated since 2008. You can’t blame everything on brexit and Liza Truss, it’s embarrassing. Torries/Labour both economically incompetent as are the civil servants that guide their hands.
Why are you still going on about Brexit, Covid lockdowns ruin the economy far more, so why arent you talking about that? Oh yeah because you cant stand you were on the losing side, just like the BBC.
@seawavechau. “AI will drive the economy upward massively. Have faith in LABOUR.” You tell us. Do explain how developing software that is designed to replace a human workforce will drive the economy? Some experts believe it will result in 8 million job redundancies. Edited: missing word added to correct English..
@@4tnine The Industrial Revolution also resulted in multi-million jobs loss but it created way more jobs and brought the UK as a rising superpower. face the challenges and overcome it. be bold and positive.
@@seawavechau Sorry but I don’t share your optimism about AI. The industrial revolution did not result in “multi-million job losses” as you claim - a slight exaggeration I think as the population of England was less than 10 million in the 18th century. The demand for woven cloth, the main driver behind the industrial revolution, was on the rise and continued on that path well into the 20th century. With that demand came a need for more textile workers - those labour-saving pieces of machinery that revolutionised that industry needed human hands and minds (operators). In effect, AI will replace those hands and minds, so exactly what jobs do you think people are going to do?
@ The IR built on slavery. we may need another form of it, i.e. unskilled workers, domestic and/or overseas. we built on exploitation. Amid Trump 2.0, you either exploit or are exploited. Dropout rate is horrible in the UK because kids don't see the point of working hard without fair rewards. AI will reward smart minds. Give kids hope. for the middle-aged, sorry you are out.
Yesterday I had a dream that the true God was kidnapped by the devil and ruled over heaven and earth. The true God was sent to the devil to save mankind.
🖊️ country would save in cannabis charges and wasted police/present spaces so real criminals like assault/murder/rape charges could be dealt with rather than prison space/police officers being taken up by some guy for his plants because in which world does it make sense to have real criminals running the streets why people are in prison for a plant the country would benefit hugely all medical patients could grow their own no one priced out of medication from private clinics and think of all the wasted tax money when police officers are called out and have to deal with people who are medical patients because of a smell l imagine it can be difficult to tell the difference between an legal and illegal smell lol
Oh please.
Once prices go up, they have a habbit of staying that way, regardless of lower inflation.
Deflation is even worse you know?
Obviously. If prices rise 10% during 10% inflation then they'll still rise a further 2% during 2% inflation. There's no price reduction, just a slower rise.
The UK is economy is collapsing, we are in financial ruin and there are rising taxes due to a combination of 4 reasons:
1. Recession in 2008/2009 - Leading to government borrowing, bank bailouts and austerity measures . Due to austerity measures, there has been a lack investment in the NHS and public services since 2008/09. This lack of investment has now caught up with us as its effect has been more noticeable in recent years. Back in 2007, the UK was one of the worlds strongest economists predicted our GDP would grow 3% per year. Also in 2007, £1 was worth around $2. From around 1997 until 2009, the UK economy was stronger than any other G7 country. It took the UK until around 2020 for the UK economy to go back to 2007 levels. To give you an indication of how bad this recession was, the UK government debt as a percentage of GDP before the recession was 41%. In 2012 this jumped to 83% and right now is greater than 98% !
2. Brexit - Resentment from the recession played a part in false stories told by ministers to gain voter support. Economists and analysts at Cambridge Econometrics found that, by 2035, the UK is anticipated to have three million fewer jobs, 32% lower investment, 5% lower exports and 16% lower imports, than it would have had been. The report states that the UK will be £311bn worse off by 2035 due to leaving EU. The government borrowed more money to pay the divorce bill triggering markets to believe if we could ever pay this back, so the value of the pound dropped, inflation increased. Up until Brexit in 2020 the UK had year-on-year GDP growth. However, the GDP growth from 2008/09 to 2020 is a false picture as the growth in these years was due to austerity measures. Brexit made our situation much, much worser. Our politicians lied to the public e.g. Boris Bus, blaming migrants, we will be better off after Brexit and our economy will recover due to UK trade-deals etc. The economic risk due to Brexit was huge and then Covid happened.
3. Covid - The government borrowed more money again as we had to bail out the whole economy. There was massive drop in GDP again and it crashed, all business were shutting down. The UK is the only G7 country to never economically recover after covid. Yes, we had coronavirus vaccination costs, support schemes, grant and loans but all European countries did similar (apart from furloughing the nation cost) and the whole world was in the same boat. Let’s not forget the PPE scandal, bounce back loan fraud, eat-out-to-help-out and ministers holding shares in vaccination firms.
4. Political mismanagement in all of the above - constant leadership changes, rising crime rates. UK government borrowing is out control leading to higher inflation and rising taxes. Russia/Ukraine conflict, I’m excluding from the 4 reasons as all European countries are in the same boat, other European countries are more impacted as they rely greater than UK on Russian gas and trade. High streets in some areas are like a ghost town, Debenhams etc has gone. National wages have stagnated across the country. Home ownership is a right only reserved for the rich. Less and less deposable income for the average Brit. The government appears to be nothing to prevent the average Brit from becoming poorer.
I can write even more but getting angry whilst typing. The UK is in a complete and utter mess. We are in cost of living crisis. The government doesn’t have enough money and neither does the public. It will take one or two generations not years to fix it.
Is this a Labour Party forum? Careful guys, don’t be too critical of the government’s economic policies and raise difficult questions.
Sometimes I put apples 🍎 in my hands and hold them in the air and pretend im a apple tree 🌳
lmao
It was bad all round….unless you’re the far left BBC.
Really?
Are you sure about that?
When all these countries. STOP GIVING zelinski money is when things will seem cheaper
Na they ain’t giving it zelenski, they’re washing it clean whilst pretending to the gullible public that they’re giving it away for war! Most of it ends up in an off shore account, which is why no x MP ever works again after their time is up!
The traditional gatekeepers of injustice would have been journalism in the press and media. However they have lost their teeth and no longer challenge the acceptable point of view in search of injustice.
It's amazing what fudging the numbers & propaganda can do.
The British Economy is in dire straits & the BBC knows it.
Yep. The BBC has said it.
The British press is for the most part pro-Tory and vociferously attacks Labour at every chance. The BBC does a relatively good job of staying neutral.
As confident as you are, I have massive positions short on GBP and FTSE.
@@seawavechau
Yeah but do you have real money like Gold & Silver for when the house of cards collapses???
@ BTC is the answer. LONG
When will things feel cheaper ? Please tell me this is a joke or a meme ? Like uhm NEVER
You have the lowest pension in europe you have the highest taxes in europe you work the longest hours in europe and despite being small condense island with 60milion on it
You not seeing any benefits
The question you need to ask is where all th is money is spent on
Let’s start with the amount of people working for government House of Lords and their salaries every moron PM whoever worked a day gets £150 grand indefinitely
All the councils that do bugger all and their workers
NHS is a good example of it
U.K. would like to turn everything to HR PR they love their incompetent managers who do bugger all a mismanaged country full of high useless paying roles
so called public servants are misusing public funds.
people who do wrong in the public sector are rewarded handsomely.taxpayers money wasted right left and centre.
tax the billionaires.
The UK is economy is collapsing, we are in financial ruin and there are rising taxes due to a combination of 4 reasons:
1. Recession in 2008/2009 - Leading to government borrowing, bank bailouts and austerity measures . Due to austerity measures, there has been a lack investment in the NHS and public services since 2008/09. This lack of investment has now caught up with us as its effect has been more noticeable in recent years. Back in 2007, the UK was one of the worlds strongest economists predicted our GDP would grow 3% per year. Also in 2007, £1 was worth around $2. From around 1997 until 2009, the UK economy was stronger than any other G7 country. It took the UK until around 2020 for the UK economy to go back to 2007 levels. To give you an indication of how bad this recession was, the UK government debt as a percentage of GDP before the recession was 41%. In 2012 this jumped to 83% and right now is greater than 98% !
2. Brexit - Resentment from the recession played a part in false stories told by ministers to gain voter support. Economists and analysts at Cambridge Econometrics found that, by 2035, the UK is anticipated to have three million fewer jobs, 32% lower investment, 5% lower exports and 16% lower imports, than it would have had been. The report states that the UK will be £311bn worse off by 2035 due to leaving EU. The government borrowed more money to pay the divorce bill triggering markets to believe if we could ever pay this back, so the value of the pound dropped, inflation increased. Up until Brexit in 2020 the UK had year-on-year GDP growth. However, the GDP growth from 2008/09 to 2020 is a false picture as the growth in these years was due to austerity measures. Brexit made our situation much, much worser. Our politicians lied to the public e.g. Boris Bus, blaming migrants, we will be better off after Brexit and our economy will recover due to UK trade-deals etc. The economic risk due to Brexit was huge and then Covid happened.
3. Covid - The government borrowed more money again as we had to bail out the whole economy. There was massive drop in GDP again and it crashed, all business were shutting down. The UK is the only G7 country to never economically recover after covid. Yes, we had coronavirus vaccination costs, support schemes, grant and loans but all European countries did similar (apart from furloughing the nation cost) and the whole world was in the same boat. Let’s not forget the PPE scandal, bounce back loan fraud, eat-out-to-help-out and ministers holding shares in vaccination firms.
4. Political mismanagement in all of the above - constant leadership changes, rising crime rates. UK government borrowing is out control leading to higher inflation and rising taxes. Russia/Ukraine conflict, I’m excluding from the 4 reasons as all European countries are in the same boat, other European countries are more impacted as they rely greater than UK on Russian gas and trade. High streets in some areas are like a ghost town, Debenhams etc has gone. National wages have stagnated across the country. Home ownership is a right only reserved for the rich. Less and less deposable income for the average Brit. The government appears to be nothing to prevent the average Brit from becoming poorer.
I can write even more but getting angry whilst typing. The UK is in a complete and utter mess. We are in cost of living crisis. The government doesn’t have enough money and neither does the public. It will take one or two generations not years to fix it.
@@er4767 And the amazing part is that quantitive easing after 08 saw the wealthy get wealthier, buy more assets which they can take loans out for using those assets as collateral, which is brilliant for them in a low interest economy. This brings all the prices up for everyone else due to inflation and their assets skyrocket in value giving them more incentive to buy more for themselves and the cycle repeats. COVID too saw the biggest rise in wealth from the ultra rich because all the money borrowed went straight through the country right into their pockets. Not to mention more QE and where did all that money actually go? Not to us evidently, we all got a hell of a lot worse off while they thrived.
Labour are in power, we all get poorer. Nothing new here.
Dale Vince . Woke eco BBC loving SIMPBOY . Got shafted today . Hilarious
LOL what happened?
bad OR good ?
The cost of borrowing (30 govt bond/gilt) is 40% higher than ITALY. 😂
Giving £3,000,000,000 to Zelenski, it seems. No-one voted for this, nor did they vote for high LNG bills, freezing pensioners, and TV licenses.
Never. This is by design.
When will things feel cheaper?
When more food banks are opened.
When will things feel cheaper?
When more food banks are opened.
It's very simple. We will be lucky if we don't have to be bailed out by the IMF once Labour are done with us.
'Parasites cannot cause disease processes unless they find their own peculiar morbid soil
in which to grow and multiply.'
- Henry Lindlahr 🐜
Don't expect anything useful from labour, the problems are their voter base.
I hope they're having Prince Andrew leading the grroming gangs enquiry
pound will fall down, china I think will not help, so prices will rise. Maybe peeoplee will start work in agriculture in UK themslfes at last
The public couldnt care less about their wallets it seems
OT!
Benny Hill considered funnier than Monty Python by two TV stations--WOR and WLVI!
Things will get financially better when you get rid of the foolish left wing behavior.
A few skewed statistics don’t mean anything
Under Labour never. Next question.
Heading in a southerly direction.
Never
when man united start winning again
Yes Right
It’s in shambles. Time for a real republic.
0.1% down on gilts and inflation. That's not alot or even abit. It's miniscule. The OBR will revise its figures for borrowing in March and Reeves will miss her main fiscal target. That will mean cuts. The cost of all those tax increases hasn't even fed through yet either. Oh and that 0.1% for inflation was down to less demand. Which is a dire situation.
In 5 years when liebour have been sacked!
Lets do more sanctions. What idiots.
Never
'Don't bring an anchor, on a sinking boat.'
- Anthony Liccione 🤿
Brexit was a baaaaad move….
It destroyed 6% of the UK economy.
And that is an ongoing continual loss
which will eventually make the huge loss due to Truss
look like a few coins lost down the back of the sofa.
@publics.publicHow much did we borrow during covid? GDP per capita or GDP in general for that matter has completely stagnated since 2008. You can’t blame everything on brexit and Liza Truss, it’s embarrassing. Torries/Labour both economically incompetent as are the civil servants that guide their hands.
@publics.publicKeep taking the pills. Europe is dead like the UK.
@@jimmyb79He can’t answer because he can’t handle it.
Why are you still going on about Brexit, Covid lockdowns ruin the economy far more, so why arent you talking about that? Oh yeah because you cant stand you were on the losing side, just like the BBC.
AI will drive the economy upward massively. Have faith in LABOUR.
@seawavechau. “AI will drive the economy upward massively. Have faith in LABOUR.” You tell us. Do explain how developing software that is designed to replace a human workforce will drive the economy? Some experts believe it will result in 8 million job redundancies.
Edited: missing word added to correct English..
@@4tnine The Industrial Revolution also resulted in multi-million jobs loss but it created way more jobs and brought the UK as a rising superpower. face the challenges and overcome it. be bold and positive.
@@seawavechau Sorry but I don’t share your optimism about AI. The industrial revolution did not result in “multi-million job losses” as you claim - a slight exaggeration I think as the population of England was less than 10 million in the 18th century.
The demand for woven cloth, the main driver behind the industrial revolution, was on the rise and continued on that path well into the 20th century. With that demand came a need for more textile workers - those labour-saving pieces of machinery that revolutionised that industry needed human hands and minds (operators). In effect, AI will replace those hands and minds, so exactly what jobs do you think people are going to do?
@ The IR built on slavery. we may need another form of it, i.e. unskilled workers, domestic and/or overseas. we built on exploitation. Amid Trump 2.0, you either exploit or are exploited. Dropout rate is horrible in the UK because kids don't see the point of working hard without fair rewards. AI will reward smart minds. Give kids hope. for the middle-aged, sorry you are out.
bbc is so bias uk sent 100 officals to help haris
Void the acts of union and England will have political representation.
These idiots always talk irrelevant to the caption of the video!
Maybe you should fact check your “factual” lies
Yesterday I had a dream that the true God was kidnapped by the devil and ruled over heaven and earth. The true God was sent to the devil to save mankind.
🖊️ country would save in cannabis charges and wasted police/present spaces so real criminals like assault/murder/rape charges could be dealt with rather than prison space/police officers being taken up by some guy for his plants because in which world does it make sense to have real criminals running the streets why people are in prison for a plant the country would benefit hugely all medical patients could grow their own no one priced out of medication from private clinics and think of all the wasted tax money when police officers are called out and have to deal with people who are medical patients because of a smell l imagine it can be difficult to tell the difference between an legal and illegal smell lol
How u have audacity to troll india kumba 🤬🤬
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
BBC? 😂😂😂😂😂😂😂😂😂😂😂😂😂
The next four unlabour and now trump ❤❤❤❤going fantastic for the usa not the uk 😂😂😂😂😂😂
When will things feel cheaper?
When more food banks are opened.