WTF Happened To The UK Economy?
HTML-код
- Опубликовано: 9 фев 2025
- The UK economy has not grown in the last 5 years and significantly underperformed other major economies including the United States in the last 20 years.
The new Labour Government seems to be keen to continue this destruction with a new Budget that does nothing for growing the economy.
➡️ SIGN UP FOR MY COURSE - THE INVESTOR PLAYBOOK
sashayanshin.com
Learn how to analyse and invest in stocks
☕️ JOIN MY PATREON - DISCORD, BONUS VIDEOS, TARGET PRICES, MODELS & MORE
/ sashayanshin
💵 GREAT INVESTING APPS I USE
INTERACTIVE BROKERS (Global - Main investing app I use)
bit.ly/ibkr-sasha
GET A FREE SHARE WORTH UP TO £100 WITH TRADING 212 (UK & Europe)
www.trading212...
You need to sign up and make a deposit within 10 days to get a free share.
DISCLAIMER: Your capital is at risk.
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
DISCLAIMER: Trading 212 provides execution-only service. This video should not be construed as investment advice. Investments can fall and rise.
DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.
I work for a big US company and am based in the UK. The company has approach all of the senior managers, myself included and asked us if we want to move to Ireland, Spain or the USA. The state I've been offered means I can swap my 3 bed semi for a 3500 sq foot house. I leave in Jan and I'm sad about it but has to be done.
Wow - That is a real sign of the times and that is a nice choice! Where did you opt for?
Texas it is then!
@@Gilambesh we need a list of top 10 places to escape the UK.....
Wow that is amazing but also shows what is happening to the UK 😢
@SashaYanshin I'm going to move to Arazona. Ok, ok, it's hot but that's what AC is for. I wanted Texas but the company wanted me closer to a specific local. I'm also swapping my 100k gbp salary for 500k usd and about 30% less tax. So... can't complain that much.
UK hasnt had an economy since 2008
It's not had an economy since 1979.
Since 1808
@@Loundsify another great choice
@Loundsify boomers kept it going till 2008 by working and spending. After 2008 it was kept on life support by borrowing. We should have let it crash in 2008 instead of building up £3.1 trillion in dept like we did
@@chrishart8548my comment was more than thatcher sold off all the state assets. Google Thatcher fiber broadband and you'll see why she was so short sighted with her ideology. I still think the most ridiculous thing the governments privatised was Water.
The UK is dominated by a centuries old establishment where the few that own most of the wealth are determined to keep it that way. They believe they are entitled to live comfortable lives without doing much effort, and professions such as the legal profession, banking, financial management have evolved to provide lucrative jobs for their children to walk into. It is more rewarding to account for, and argue over wealth, than it is to create it in the first place. The establishment is insulated from the decline of the UK economy because even though the national cake is shrinking, they will help themselves to the big fat slice they believe is theirs by right.
💯🎯
You have put this into words in a magnificent way; and it is all too accurate.
GDP is overrated in the global marketplace. It tells you how busy people are in a country, but not a lot about quality of life. It's a left over from when countries were considered to be largely self reliant and had concepts like food security, not much debt and thought it important to develop technology that improved society. Not anymore. Governments obsess over it because it is an indication of how much tax can be taken. But balance of trade is far more important now and UK balance of trade has been negative every year since 1998 except for covid year 2020. Most "technology" is now engineered to line the pockets of mega-corps sucking the time from all the citizens by addicting them to hollow entertainment. Some time ago, the politicians who run the country, who are not educated or experienced in any productive skill or real life (Thatcher was the last of those that were), decided that concentrating on services would be fine and to forget about exploiting natural resources and adding value to them, or to invest for sustainability. The chance to develop domestic nuclear engineering knowledge was frittered away in the 90s and Norway got most of the North Sea oil and gas. Well, the problem is that a lot of services are very unskilled and not very competitive with another country; it's largely domestic. Most production has been outsourced, IP stolen and China is now very capable. There is now very little security on any front and the country will soon consist of enclaves of isolated cultural groups due to such recent rapid import of immigrants who are simply not mixing. A lot of money in the economy is amassed by the very rich entertainment providers in other countries and that which remains is for legal services, banking, consulting, and all the unproductive inefficient paper pushing services where bluster and arrogance can only get you so far globally and who are not using it to invest back into globally competitive UK businesses. In the global marketplace, most investment money goes to the country with the best track record, and that's the US. And the worst thing is that education standards, which were the crown jewels of the country, have been lowered and lowered by successive governments constantly wanting this year's pass rates to be higher than the last and everyone to go to university, largely undermining aspiration and competition, which are now considered hurty and "unfair" concepts.
@@brendanpells912 not only that but the British Elites do not believe in their country and invest elsewhere (US)
The british establishment has been completely overtaken by American Capitalism...
Why try to build your own nations wealth...when you can simply follow the Americans (and basically become lapdogs to them)
How many former chancellors of the Exchequer have worked for American companies? (Shocking if you look up the numbers)
The UK has become a vassal state. Its almost over..dont expect to see any "growth" in the future
Well said. This is the UK's biggest problem by far. They will never take on Sasha's recommendations because they're really not bothered about the UK economy; only maintaining the status quo. And so is the British media, who are all part of the same gang. Whenever the UK public get enlightened about what is really going on with the economy and why our lives are getting worse, the media do their damndest to shift the blame to immigrants, etc.
The UK’s best days are over middle earners have had a lost 15 years and we might have another lost decade! UK has gone stale it has no bright ideas it’s all doom and gloom.
In UK people mindset is play safe and go home. Zero vision or not risk taker mentality which other countries allow companies to grow
@@knowledgeseeker5499yes, it wasn't like that in the past. The Ideological Subversion worked.
Still, at least we’ve got the good weather to fall back on!
And the food! Of course, not!@@TheMrrigma
@@TheMrrigma 🤣
I'm writing this from Spain as I search for a location to buy and move my tech business to. The UK is done. Anyone not planning their way out of the UK is not paying attention.
What exactly made you look outside the UK? Need to make a case to my gf
@@bernardogalvao4448 I moved to Spain, where I am its still 23 degrees... I moved on a digital nomads visa with beckham law (24% flat rate tax)... better than the 45% I was paying in the UK.
To an EU country, there's a world beyond!
bro, skip Spain then. If you don't like the UK you're definitely going to despise Spain. Keep searching or come to Latin America, recommend El Salvador, Panama or Colombia. Give Argentina a few months/years to stabilize more before considering them
@@gadget00 Its OK if you can get Beckham law... 24% flat rate tax! juicy. (that is what I have done) Spain is a much nicer place to live than the UK currently. (Bar the flooding mind)
There are far too many people here who have never and will never contribute to the system, only drain it.
The people in the middle pay all the taxes which lowers productivity and the ultra-rich pay very little.
@@mrmeldrew693 just keep importing people I'm sure that'll fix productivity 🥰🥰
the "ultra rich" are the business owners that give employment in the first place; they're fine as long as they pay their employees what they're supposed to and invest in the country. The government making it difficult to invest and expecting to solve everything with "increasing taxes"(only to embezzle more too) is what's ruining you guys. Govt spending in social programs need to be cut and let private companies supply those services so they provide more employment; lowering the taxes yet make more people able to pay them with more employment. This means more money to spend which means more business and a better quality of life for all. The UK people need the kind of freedom americans have experienced, it works
I believe they're called Politicians !
The Ultra rich pay the most Tax lol
@@andrewkerr5296 they don't pay the most as a percentage of their income. Paying 40% for someone who earns 36 thousand a year means they can't feed their kids. Stop spreading billionaire propaganda.
Exactly, it’s like the harder you work in the uk the MORE you get beaten with the tax stick, sick of it!
It was always there, you just notice it more now.
It is said clearly fine is the punishment for doing something right, while tax is the punishment for doing something right.
I cut my hours refused to travel for work now due to IR35. i'm now financially better off and less tired and i pay half the tax i did before and still get the same pay!
Yep .. worked it out over 5 years ago .....along with politics is a fake circus 🎪
The UK voted itself into this abyss. A misguided austerity drive, brexit and NI cuts that were clearly unaffordable. Now it's time to pay up.
More UK related news please!
London bridge is going down... That's the news for the UK until it makes up its mind on either going to be a small EU member OR a new state of the USA
I second that. Please, Sasha, focus more on the UK,
@@vazicus I suspect that decision will be decided by who wins the presidency in the US. Current UK govt has got a case of full blown TDS
yep agree with that. More UK focussed content please @sasha
Read the comments. The UK is finished. Businesses closing or leaving. There is no meat left on the bone to Tax.
UK society is not aspirational. Jobs and promotions are given to mates and their kids based on phone calls.
The struggling economy is just a reflection of the absence of a meritocratic society.
🎯
Ah! but as a loud, leftie, black, lesbian, one-legged woman I have automatically been promoted to the Board of Directors of several Companies. 🤨
I agree that there is less and less incentive for aspiration, Labour coming into government being the most recent re-enforcement of this. But it is NOT because jobs are given to mates. It is because the governments have been (a) negligent with the real problems and does not want to address them, (b) obsessed with an ideology of making society non-competitive, inclusive and "fair" (which cannot be achieved), (c) continually increasing taxes on middle earners who have managed their finances effectively and sensibly and put aside for the future and (d) out of touch, disrespectful and utterly deceitful with the citizens of the country.
@@lal2300 proper edgy that. what a dinlo.
Bollox the average person is picking up the bills while tax Dodgers find ways not too pay taxes
I lived in the UK for almost a decade and made a move to running a small business in the US recently and this video makes me want to do a detailed comparison. Although people costs are more expensive here in the US especially for skilled workers I still 'feel' like all other costs are way lower. I pay 9% payroll taxes, no business rates, cheaper energy and maybe like 10% corporation tax. Those alone really really help.
Do you think the UK’s decline is irreversible ?
@BrilliantMarkets no I don't think so but any changes will take a many many years for the benefits to kick in.
@@PoppyDontree yup totally get that
My business peaked in 2016, and it has been all downhill since then. The UK economy has been limping along ever since and seems to be bleeding out in the last couple of years. I used to blame Brexit, but I fear it’s more systemic.
Did you vote for BREXIT?
@ fucking hell, no.
Got you back for the parking fines
Brexit has been a great punching bag for the state of the UK but we are still part of the EU with all their rules still in effect. The remainers got what they wanted in the end.
I would consider the selling off of all our assets (thatcher, others) and the horrors of covid to be more influential
@@ohnoitisnt Really? Out of the customs union, out of the single market, end of freedom of movement. Seems to me the Brexiters got everything they wanted. As far as I can remember the actual vote stated whether I wanted to leave the EU, yes or no.
We in the UK are a lot closer to Davos than the USA. Our politicians have been even closer!
Our politicians are cheaper!!!
The only difference is that the USA has the "inconvenience" of states rights. They cannot exercise full centralised power the way they can in the UK. Make no mistake, if they could, they would run the whole of the USA like San Fran.
Wait until you see what happens to the us economy, once trump induduces the trade tarrifs he doesn't understand, companies are already making plans to pass massive price rises onto customers, its what happens when your boomer parents are morons who seriously believe that the price of eggs are directly controlled by Biden
Conspiracy theory rubbish.
The UK is in a dysfunctional state, not least because it has outflows of wealth to the US, and most passive investors will end up placing more money in US hands, because it's attractive. A doomloop in other words. However, we have significant expertise in the Biotech sector, which looks to be the next frontier beyond Tech. We just don't have the financial means to operate at scale and pour in the funding required (because the rewards only come upon discovery). Creating IP is the UK's golden ticket out of the spiral. We just need to make sure we don't do what we always do: give away our IP to the US for peanuts!!
Very hard to do when IR35 rules are in place. No ability to bootstrap or have full mobility of labour.
Too late mate.
Likes of NovoNordisk have a significant GDP impact on the Danish economy, just to name one very successful biotechnology company .
Bro it was a deliberate choice. Austerity was a wealth transfer to keep us in our place.
100%
@@causevestnetwork7215 What I find particularly ironic about it all is that I would of never figured out the con without austerity. All they needed to do was provide bread and circus and they couldnt even do that.
Do you even know what austerity is or was? Austerity was simply a policy of cutting government spending of keep the debt down after the UK bailed out the banks. Sure, you could've let the banks fail, but that would have caused greater financial pain. There's an argument that quantitative easing (which is not austerity) has caused massive asset inflation and decrease the strength of the pound but austerity alone hasn't caused this mess. I mean Sasha's whole point of the video is that large government spending cannot birth growth, only changes in regulation (notably employer-related taxes). Heck, the video argues to weaken employee rights to spur growth.
@@cakegm343except every time (without fail) a government cuts spending, recession follows.
Definitely. The establishment didn't want a large middle class.
It could be worse. I'm sure that people watching this video in 10 years will confirm this.
At least the UK still has great food, right?
@@steffenla4Also don't forget the weather
@@steffenla4 least of our worries, plenty restaurants with other country's cuisine and you can learn to cook non UK food believe it or not - I'd be more worried about our economy in a post brexit world.
@@steffenla4 are you joking?
@@D47JoyUnited Yes
This and cost of living is why most of my Uni friends are going to leave the UK, I mean what was the government expecting....
I Don't see a future in this economy unless I go into Banking
I worked in banking... and I'm leaving the country in literally two days. Quit last month and have accepted a job in Sofia, Bulgaria - where the *minimum* annual wage increase will be 10% and taxes are 20%.
And this is a death blow to cities like Nottingham & Sheffield that have invested heavily in the university student sector.
@@rafterdatabg Which country is the new company you're working for based?
Banking... your job will be replaced by AI I'm afraid
@@-sargntclashroyaleandmore-491 same with accounting, at least it pays more
To add to this - I'm a sole trader in the UK and on top of the all the points you make here about government hurting small businesses - don't forget this mindset has washed through to wider banking/insurance/society where I have to put up with banks, councils, and other companies (like mobile companies) harassing to me to pay business rates and other inflated over the top costs/accounts/etc that I do not legally need to do/have/pay. The culture and mindset is such that if you do any business in the UK you should be paying more. I even had to have prolonged meetings with HSBC to outline to them the UK law pertaining to sole traders and why I was not obliged to pay for business banking with them, and removing my personal account (which I am entitled to use as a sole trader) simply because they felt like it simply wasn't going to fly. The UK is anti-business at all levels. It doesn't help that everyone thinks they know the rules/law when they just guesstimate what they 'reckon' the law is and all of a sudden I'm paying insurance companies through the nose for levels of PLI insurance that I simply do not need, just because idiots think businesses 'should' be paying through the nose for it.
I could have gone limited and expanded and taken on additional staff throughout my 12 years+ trading, but the tax setup and wider culture has simply put me off doing it entirely. I'm relatively successful at what I'm doing, but I'm riding the knife edge of what's possible in this country. Your video has genuinely made me reconsider moving abroad where there are more opportunities, which is the government's fault and not yours.
Great content as always, keep it up!
Same I got to point if I will expand I will collapse,so I keep doing well on my own,not getting anywhere far but still going..
Its not anti-business mate, its anti YOUR business. Your not part of the club therefoe you cannot be allowed to succeed.
Notice all these insurance companies ARE in the club?
Its not anti-busness its a cartel.
no upward movement is allowed because the elites are so shit they cant actually compete without cheating
Same here 12 years sole trader I agreed with every point you made while reading
@@mkdons22 its the reason our upper tax rate is 40% whilst companies are paying no more than 28%.
Creates a glass ceiling for the working class and a glass floor for the upper.
Its a rigged game.
Increasing Tax in hope to grow economy is like eating less in hope to gain mass.
True. There is no money to pay taxes 😂 it’s hard to survive on daily basis
Some of the fastest growing economies on the planet operate high taxes and massive public spending. Chinas infrastructure is so advanced they're responsible for doing it in dozens of countries all over the world. Poland's economy is set to overtake the UK by 2050 - a country which applied Keynesian economics for years whilst the UK went with austerity and sold its public services to foreign governments
@@XxBruce5002xX LMFAO!
Bro the Chinese economy is Imploding LOLOLOL
& then when it does collapse, you muppets will still blame 'CaPitAliZmZ'
@@XxBruce5002xX Bruce you're a grown up. Does a englishman work as hard as a chineese or polish ? Correlation vs Causation. Would you imagine HS2 failing so miserably under chineese government and labourers? Or cones on M1 standing for years? No amount of tax is going to fix the underlying productivity problem. Go to an industrial museum and get a grasp of what DOING vs SAYING is. There are smart actions in form for cross-sector Reforms and initiatives, and there are dumb and easy actions like taxation. I'm not against taxation as per general, but that should come ONLY after fixing the work culture, the reckless public spending and wasted money on T&T, PPE, Student Flats etc.
Implement performance metrics system with quality control and accountability for roadworks, healthcare, construction, education, social etc. Fire the wokes and those with victim syndrome, reward expertise, punish lazyness. Simplify bureaucracy and the levels of indirection.
Taxation is the easiest and dumbest plaster one could use in situations like this. It requires 0 brainpower and just a signature on the budget approval sheet.
The UK is run for the rich. It's corrupt beyond repair.
The UK dont make things the rest of the world wants. We just buy and sell houses to each other😊
For nations - factories are always the primary creator of wealth. Banking services are an ancillary service that nearly anyone from anywhere can do.
If I pay you £10 to eat garbage and you pay me £10 to eat garbage we have generated £20 of value
spot on - prospects for small businesses being throttled by red tape/taxes
I haven’t felt a YT video like this in a long time 🙏
🙏
Thanks, superb analysis.
🙏🙏🙏 Thank you!
The reason is that UK governments no longer even really look at the economy, they are too involved in other things, they won't put policies in place that are purely economic anymore without adding in some ridiculous DEI or race element. A government should be almost entirely focussed on the economy and what is best for the economy as that is in its purvue, they should stop with their social engineering. and also they should not be allowing millions of illegal immigrants into the country.
It really is shocking that nobody is seeing this or talking about it.
8 million a day in hotels alone. Billions every year on the MI5 watchlist. That's bound to take a toll financially, not to mention all the social housing etc
1) Illegal immigration is a global issue
2) It's another example of social engineering to sway votes
Millions ? We aren't the US
@@avtar1699 we took in 1.3 million in two years, so yes, millions.
Some 15 years ago my High Street property boiler packed up, so I decided to instal an Air Con unit for heating and cooling. When the Business Rate Valuer found out they increased my charges by an extra £2,500 a year. It was the last time I invested any money in the High Street.
That's mad, they actually taxed you for improving the working environment.
Sickening but actually entirely unsurprising, knowing the UK well.
Upon close analysis many of the architects of UK stagnation are players within the Uk government.
Reeves is an example, failure at HBOS, failure at BOE, rewarded with the chancellor job under an unqualified failure from the CPS, another failing organisation or department.
Reeves has been there 5 minutes. interesting that you don't mention Osborne, or Hunt.
@tomheeks2830 Did they wipe out the whole UK economy after 20 riots in one month and top it off by insulting the most powerful president in the whole world while simultaneously rising taxes and cutting GDP to the lowest level since two WWs and a once in a lifetime pandemic. If not that might be why I didn't mention them.
Reeves is a liability who has succeeded only in causing untold damage to people's lives and the economy
Uk is number one for those who fail upwards.
@MrReadboy This UK government is so poor, prisoners released early are going to eat people's pets.
Labour did not win a huge majority because lots of people voted for them, they won because people stopped voting for the Tories.
they literally won because lots of people voted for them
@@Jabskinwhere I live 9k Tory 7k Reform 13k labour. You don't need to be a genius to guess if Reform had stood Labour wouldn't have got in.
@@Jabskin They got in on the back on 9.7 million votes. Boris Johnson was elected with a far more modest majority in 2019 with almost 14 million votes. The 2010 coalition government for all its faults got over 17.5 million votes between them.
They received less total votes than they received in 2019 election under Corbyn.
@@JabskinNope. Labour literally only got into power because the Tory vote completely collapsed. Labour actually got less votes in 2024 than in 2019.
This is brilliant analysis. I’ve spent the last 13 years building a tech startup in the UK and Sasha is once again spot on with his observations. We will very likely be looking towards the US now to grow our business. The Rachel Reeves budget demonstrates zero understanding of the UK’s ongoing productivity problem. This government is going to drive the economy head-on into a brick wall. I wish our politicians would watch this!
UK is not the best for startups at all. It’s almost as if the don’t want innovation
Obviously i cant go into details but i work for a European tech company and most of their revenue comes from North America.
SaaS based.
Gives you something to think about...
@@BySixa yup very much aware 👌🏾
None of them have ever done an actual day's work -not even their gardens.
As someone trying to make a go of business in my garage I can echo this utter bullshit, every penny of my profits are taxed at 40%. There is just no point.
40% so you're making a lot of money? Divert funds to a pension
@@mathewgallimore1484 no, doing it along side a day job until I can make it work full time.
Well you must be making a decent amount of money if you’re taxed 40%. Pay youself less and invest the rest.
You just have a bad accountant.
Companies smaller than 10 employees or $5mil revenue should only be taxed once funds are removed from the business.
I'm running on the theory that we have problematic generational bulge, where one group who have amassed assets are all retired or nearing retirement at the same time, and are intent on riding out a near zero risk 'managed decline' to cover their retirement, and after that, well, they don't care. The risk apetite is near zero for UK asset owners and investment is pathetic. This attitude is destroying the UK economy.
I've missed your commentary on the UK!
Thanks
Thank you!
Best one yet, mate. KEEP GOING!
Absolutely spot on with everything in this video. It’s the best summary of the impact of being led by clueless politicians I have seen
a lot of whats said here is right not all . one of the ways to sort it is to start taxing assets instead of wealth when it comes to the highest wealth indviduals as that way them leaving the country makes no difference to the tax they pay here . they can't take their house with them for instance. it would mean polititions changing the way they think about things but there are things that can be done over and above tax rules. finding a way to motivate the working class male population to take education seriously is badly needed . it's possible to turn the uk economy around but it will take a radicle government and some time, oh and keeping the likes of farage away from the levers of power for ever.
@@andrewmcewan8081spoken by someone without any assets
Superb Video - outstanding !
🙏
You nailed it!!
As a UK retiree who manages his own stock portfolio, I decided back in 2016 to focus all my investments in the US. Why? Because their economy & culture is vibrant and business-friendly, especially as compared to the UK. This has been the best financial decision I have ever made. Since November 2016, the FTSE 100 has basically flatlined at 3%pa, while the Nasdaq100 (most of my stocks are technology) has grown at a rate of ~21% pa!!
There is almost no technology left in the UK now, which is unbelievable since we are the ones who invented pretty much all of the modern world, from the steam engine, to the electric motor, to the ATM and to the web. It's tragic beyond words. It's hard to see any future here for my children, I'll let you guess what country I advise them seek employment.
Yeah I made the same choice probably about the same time, I’m invested 100% in the US market now. Uk economy is dead
I’m not even retired and I did the same. Software engineering / chip manufacturing has amazing gross profit margins, old industries look too labour intensive.
Is that adjusted for dividend payments? I. Think the ftse is just a different market that values consistency and security over aggressive growth.
The UK pays almost 4 times more than any other developed nations in the world for electricity.
Owned by France and China
@OGillo2001 The same as most of our hospital car parks aswell.. I worked for the NHS for a number of years paying £1000s to a french company so that I could go to work in a UK hospital....
This was super insightful, more of this please Sasha and would love a video with a more in depth plan for how you would get us out of this hole because your 10 min plan was fab!
The UK tax system is exceptuonally destructive and inefficient, along with those in most EU countries. It's a disaster happening.
There is a cross-party consensus in the UK that no party is willing to address or even acknowledge the damage done by 'brexit'.
If they won't acknowledge the problem, how could they ever hope to fix it?
And you’re only talking about the increasingly limited amount of “middle class” kids (I.e.those that can still afford to go to uni/get into shit loads of debt in the first place) The majority of the UK now can’t afford to go to uni, can’t access any kind of business/start up lending (or indeed any sort of lending/mortgage for a home) or any rented space. Even a rented barn in a field is out of reach for most working class people. And good luck finding a home to rent anywhere - even if you can still afford one. It’s all in a truly shite state.
Thanks for sharing. I'm from the UK and have been quite confused for a while 😅 Things are getting clearer now, so thanks!
Simply because the UK is a service based business model, as opposed to manufacturing/ tech
Here's what happened: Wages stopped increasing since 2009. Now people can't afford anything.
We import two thirds of our cheese.... that is a disgrace.
But we are chasing pork markets 😂
I like Stilton though.
Only so much mature cheddar you can eat before switching to Comte, Gruyere, and Ossau Iraty!
Try Cheshire then! @@SashaYanshin
The other one third is revolting
Great tips as always Sasha. So sad what the UK has become and where we are heading
A lot of what was said resonates with what is happening in the UK. However, in terms of employment protection laws, the UK likely offers less protection compared to our European counterparts. I worked for an American startup six months ago, and we weren’t doing very well, so they let go of 10-15% of the employees. A colleague of mine (who resided in Germany) and I were both part of the redundancy. We had worked for roughly the same amount of time, but he received three months' notice, while I only got one month.
It took me about three weeks to find a similar job, though it pays less (but it's with a good company). My colleague had more time to be selective and took two months to secure an equally well-paid job. So, although Sasha is right that it’s not great for businesses, for employees, it can sometimes be a lifeline. Some of my US colleagues who were made redundant were let go immediately and have struggled to find decent employment. For some it took 3-4 months to find work, so had to live of their savings. Imagine having no savings.
The point Sasha is making comes from the perspective of business owners, not employees. From the perspective of business owners, employee protection laws are bad because they restrict your ability to hire and fire to suit the company’s growth or periods of decline. This makes rapid expansion during growth, and cost cutting during periods of decline, much more difficult, which results in slower business growth, and less incentive to innovate.
It honestly depends on your job in the u.s. In my experience with blue collar jobs, you end up with more security than others, so it ends up helping people lower to middle class *obviously self employment helps too
I used to hold ARMH shares in the 2000s before it was bought out by SoftBank, very much to my frustration. The US relisting is for a minority share of ARM shares, and much less compelling.
As an under performing worker, I for one appreciate UK employee protection laws 🥰
Do better
@JuxtaPositionings I'm not willing to remortage my house and risk losing absolutely everything I've worked my whole life for including the roof over my kids heads just on the chance the business I start survives this bad-vibes island ( archipelago? ).. So instead I'll coast along in blissful mediocrity
@ who said anything about starting a business? I agree that is suicide in the current climate in the uk. You said you were an underperforming worker. Do better as an employee and get a better paid job 🤷♂️
@@JuxtaPositionings changing jobs is effort I don't need to expend, and doing better at this job will just mean more work gets piled onto me for no extra reward. No thx
Minumum effort, maximum return. I only need to do enough to not get sacked
if you show up for work i support that, its people who dont work (unless disability or accidentent) I see as the problem
Not seen your chanel before...but you have described the economy and the back office of government so well..thankyou
Conveniently omitted Denmark, Sweden , Finland, Norway , Germany, France. I could go on ……and on…
Blaming the UK economic crisis on regulations that benefit employees is some next level brain rot. Our economy here in Denmark seems to be doing fine despite having similar/stricter regulation.
Probably Sachas most real video, he’s highlighted the issues we have in the country and then how to resolve them- we need to invest in more tech startups if we want to push the economy to complete on a global scale, we are falling behind and have done for a while now. I don’t own a business but even I know that UK companies need tax breaks so they can invest in people, which in turn will help the economy
I always look up your videos for update! I applaud the no-nonsense approach you take to the news and the markets, A lot has changed and that's about it but the truth is that I don't even care much about the bull or bear market anymore because Loraine Souvenir gat me covered while I'm doing comfortable. 15k-20k every week and I'm still counting
Wealth building and financial freedom are attainable with the right knowledge and tools. Using proper financial strategies and products is essential to growing and sustaining long-term wealth.. glad to know you want others to succeed
It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today..Her insights and daily siignals are worth following.
I'm so impressed knowing how much people talk good about her expertise, i’ve been following Loraine’s strategies for months now, and I’ve finally reached the financial stability I’ve been striving for. Loraine's program has been the key to my success
I checked the name online and was able to find her, thanks.
Thank Sasha. I imagined you in a multistory building, but I’m glad that you’re close to nature.
Well said Sasha, i couldn’t agree more, but as you said, these politicians have not done a proper days work in their life and have no business acumen.
I dunno, I feel like our politicians are the type to tell you a story about how they were supper successful entrepreneurs and started a multimillion pound biscuit selling company before entering politics... when in reality they sold a couple of biscuits to their mates for a few days on the playground when still in primary school.
I don't believe that there is a single MP or Treasury office staffer that understands capital markets and their essential function in a global economy. They all seem to think that the only acceptable loan is one for a house or car. They also effectively insist, via nuanced regulation, that IFA's advise clients to invest a ridiculous percentage of their portfolios in triple AAA bonds in established businesses rather than equities and heaven forbid they suggest anything but a passive fund tracker. The system is so broken you could barely design a more stupid way to crash an economy. This is 30 years in the making and is no longer a slow car crash but an accelerating one.
Personally I think we should be paying a small fee for doctors appointments, maybe £5/10 and in return get lower income taxes. Would be interesting to see a report of what it would save on the NHS budget
Please do the maths, and you'll realise that your idea is pointless.
Introducing copayments would reduce frivolous visits to health centres. I think 20 pounds would be very reasonable for a doctor's appointment. The government should also authorize many more places in medical schools, to increase the supply of doctors. The NHS is run in the interests of doctors and managers, not patients.
@@CuriousCrow-mp4cx 25.7 million appointments in 2023, that's £250 million raised if appointments stayed the same but what Id expect is appointments would fall, freeing up times for more urgent needs
😂
1 reason uk has plummeted and that is because of uk banks, and the banking class owners.
1) uk banks have turned uk housing into a parasitic drain on the uk economy with ever increasing mortgages
2) uk banks pushed brexit from the shadow onto UK
3) uk banks have hollowed out manufacturing in order to become a financial service hub
4) uk banks have privitised the uk economy for passive parasitic income from water, electricity, gas, telecoms, higher education and every other industry
5) the drain on uk finances and uk economy by UK banks has led to the collapse of the nhs, social housing, ftse, government spending and uk infrastructure.
the parasite is so big it is now killing the host. death is inevitable.
Banking as an export service works fine until you push your thumb in your customer's eye a.k.a. Brexit
100% agree and add in mass immigration which they use to push growth and we are well on the way to becoming 3rd world.
That so sad, we have some small clothing manufacturing going on for example Community Clothing, all clothes made here by skilled craftspeople, they must be struggling with the increased taxes.
Absolutely spot on summary Sasha. Nobody in government has a clue and hasn’t for years. Culture of envy here versus culture of aspiration in USA
Au contraire,the UK is great for the rich with tax breaks for owning assets even after a so called restrictive budget. The pay as you earn class takes the brunt of tax deductions.Aspiratiois fine but not at the cost of reduced living standards for the ordinary citizen. Without spending power the consumer cannot hold up the UK economy. Labour laws are essential and have been diluted by the Tory government over the last two decades. This commentary is straight out of the Milton Friedman textbook and is a Thatcherite wishlist. Out you go to Texas to worship Musk.
@@anthonyrybicki1000 Which labour laws have the Tories got rid of or diluted?
Definitely culture of envy; Brits slagging of medical staff for daring ask for inflation linked pay increase. they even think train drivers should just shut up instead of negotiating 4 day weeks and pathetic 4% raise because everyone and their dog thinks can do that job blindfolded. The same self loathing where they cry
" I haven't had a raise for 10 years so why should they get one". instead of fighting for better work conditions, reskilling or pushing for enhanced living wages and sustainable job roles.
I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.
Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
It's Ms. Evelyn Vera doing, she's changed my life.
I started pretty low, though, $5000 thereabouts. The return came massive. Joey is in school doing well, telling me of new friends he's meeting in school. Thank you Evelyn Vera, you're a miracle.
Running a business in the UK has become increasingly challenging. The cost of goods has soared, while higher minimum wages have driven up staff costs across the board. We lost skilled workers, many sent back to the EU due to Brexit, which has also dealt a serious blow to sectors like farming and damaged our export markets. With little overseas trade, most of our sales are internal, and big corporations seem to take advantage of everyone, raising prices wherever they can.
The cost of essential services like insurance and energy seems to rise automatically unless consumers take action to challenge it. Meanwhile, support services are increasingly outsourced to companies overseas, often resulting in language barriers and reduced service quality. Despite higher taxes on vehicles, the state of our roads has never been worse. The NHS is struggling, even though we contribute to keep it running; staff shortages persist, largely due to restrictive immigration policies.
Local government seems tangled in inefficiency and bureaucracy, wasting resources on policies that often alienate residents. Basic services like bin collections are being cut back to once every three weeks, and overflowing bins may even result in fines. Politicians, instead of focusing on genuine solutions, appear more self-interested than ever. And while the ex Prime Minister sits on a £650 million fortune, ordinary people are left wondering if anyone in power understands the pressures they’re facing. Will Labour fix it - doubt it.
The question remains: how can this mess be fixed?
We could stop importing 700,000 net extra people every year who supress wages, drive up rent and house prices demand and all use services like the nhs.
Answer - it can't !
Technology is a the only way out, to increase productivity and shrink the state.
Problem is once the state gets to a certain size, it’s extremely challenging to bring it in
violence is not the answer. its the question. and the answer is "Yes"
Perhaps if our governments invest in researching how similar economies to ours are doing it. Investing in people rather than saying we don't need higher skills, we have enough, literally my employers are turning good agency staff away while allowing their lower paid staff to pick up the pieces and suffer burn out. Staff are leaving faster than joining.
They are trying to use a tiny old tractor (uk economy) to pull a massive cargo ship full of debt. The tiny tractor will explode because your not actually meant to even try paying back that debt. When it breaks, the money printers will be back in action. Sad truth is, they cant even break even each year, let alone pay back the trillions owed.
Weak Conservatives and ideological Labour happened.
GDP in the US is pumped up artificially by borrowing trillions of dollars.
Being the world reserve currency they can keep that going a lot longer than the rest of us
Valid point, America has a pseudo economy and infinite money glitch.
But comparing u.k to others, u.k needs help
@@omoyajowojohn8887 agreed, but with no real push to make manufacturing in the UK competitive, I don't see it happening anytime soon.
@@needledrag that status is effectively like borrowing money and getting to charge the lender interest!
We should be using that to ELIMINATE our debt. Instead of handing gifts to lobbyists.
@@albeit1 yeah I'm not saying it's a good move, but the more the US print, it forces the rest of the world to follow suit, so effectively we're all in the same position. The U.S. can continue to print because they're reserve currency and the rest of the world needs dollars, which only the U.S can provide.
Governments should be scaled down and move towards a plan to bring down debt but our economies (they way they currently are) rely on more money to grow GDP, so more debt issuance across the board. I guess we'll see what the new administration does because it'll probably force other countries to do the same.
Just perfect sasha. Its so fucking obvious the position the UK is in, and the direction they want to take us in.
Thank you for spreading your knoledge.
Great to hear you talking about the UK! I thought you were going to say that your rent was £1,200 a year! How on earth can you afford to pay that?
£2000/mth for overheads is the norm for a small buisness
Comparable to the cost of an employee. Which makes starting out on your own rather difficult...
State-sponsored flexible working spaces (think wework) is available in my area but this was largely built as a capital investment during a low interest rate environment plus a land donation from a massive housing development. In most areas there is no land and no money for the local authority to do anything.
Local government budgets have been cut by 50% since 2008 due to austerity - there is no money, most local spending disappears into education and social care before good quality investments can be considered.
Top tip for you… get a house and build a back garden office. You said your business was small so, you automatically sa e 1200 every month. That garden room will pay for itself in 1yr and than you have a saving of 1200 going forward.
Without disagreeing on the UK focussed points, is the US route all that rosy?
As much as the economic indicators paint a fantastic picture, the current election has shown that a huge swathe of working class people are seeing no benefits to that and worsening divisions across the country as a result.
Is that exponential shift in inequality really something that the UK should be aspiring to emulate, or could there be a better way to escape the current malaise but do a better job of raising all (or at least the majority) of ships?
We already have it. Fun fact 50% of kids in burmingham live in poverty
Go to the to the top of the class. We following their example, and that means tears before bedtime.
I often look for a quote for inspiration in dark times. Recently Margin Call has been my inspiration, one is ‘you know that feeling people experience when standing on the edge isn’t the fear of falling, it’s the fear they may jump’ the other puts it more succinctly, ‘No, they’re all F@&ked’. Last one to leave please turn off the light.
The Conservatives and Brexit happened 😮
Absolutely brilliant video. This is an essential summary of the UK’s dire economic situation. I appreciate the passion and anger you feel, because I feel exactly the same about this Labour gov (and the Tories before it). Great work.
Since Brexit, why would a company want to invest in an inward looking state with restricted access to foreign markets?
how is the uk more inward looking since brexit?
But it gasnt.
The goalposts were moved by a referendum..
Of course, the big companies didn't like that, but hey ho!
@@HaiLsKuNkY Since Britain's exit from the European Union, the country has become increasingly insular. This can be seen in a number of areas including trade, immigration and foreign policy.
One area where this is particularly evident is in trade. With the UK no longer being part of the EU single market, it must now negotiate new trading arrangements with individual countries. As such, trade deals have become more difficult to reach, resulting in a loss of potential business opportunities for Britain.
In terms of immigration, Brexit has also caused an increase in xenophobia and anti-immigrant sentiment within British society. This has led to tighter restrictions on visas and immigration policies, making it more difficult for foreign nationals to come and work in the UK.
Finally, in terms of foreign policy, Britain is now less integrated with its European neighbours as a result of Brexit. The country's relationship with the EU has been strained since Britain's departure, and this has led to a decrease in cooperation on issues such as trade and security.
Overall, it can be argued that the UK is becoming more insular under Brexit, and this trend could have significant implications for the country's future relationships with Europe and the rest of the world.
@@HaiLsKuNkYI think it’s beholden on you to prove the UK isn’t more inward looking. Brexit was a regressive move - even Leavers acknowledge that (principally because they were lied to by Johnson and Rees Mogg that it would all be sunlit-uplands - where are those uplands????)
Nothings changed since brexit though? We still follow all the EU laws and none of the leave voters got what they asked for
"Your growth is limited to the number of people around you" that does indeed help to explain current UK imigration policies.
I love the U.K., but if I had been born there, I would make every effort to leave. These politicians are insane.
oh for sure, US politicians are much better lol
@@richiedd4119 that might change later today ;D
What politician is not “insane”
Sasha knocked it out of the path with this one. "Business rates" should be completely abolished in the UK - or at least for any business that makes less than a million per year. All UK politicians should be forced to watch this video and learn something. It's a joke the way they tax everyone so heavily.
And have the cheek to make out they are gonna "grow" the economy by making "tough decisions". It's sad I am having to look for ways out, leaving my home and family to try and survive
They behave like gangsters. Try doing anything in the UK and some politician wants their cut.
@@D47JoyUnited Moving out of the UK was the best move I ever made. Personally, I don't miss it at all. I wish all those still stuck there all the best, but I'm afraid that with the politicians the UK has (on both sides of the isle), there isn't much hope.
Mass Immigration causes wage and productivity stagnation whilst exacerbating the housing EMERGENCY. The Law of Supply and Demand applies to labour supply and housing alike.
All your money going on feeding the housing bubble thanks to the above and extortionate business premises means terrible new business startup conditions and poor labour mobility, a recipe for long term decline.
Absolutely - University of Amsterdam study showed the net economic contribution of migrants to the Netherlands since the mid 90s was NEGATIVE EUR 400 BILLION
@toppedtop5787 They're not though. That doesn't mean that all immigrants are a net drain on the system, far from it but the vast majority of ones entering European countries in recent years have been an economic drain.
@@waynekerr7013name the exact studies, I'd like to read them
@@Jellybellyirish Google it. Not hard to find.
Deviant politicians happened.
We don't manufacture anything. It's as simple as that. We need an automobile industry...badly.
Hi there. A lot crisp information. I like it keep it up bro.
Thank you!
Well, what makes me an outlier I guess! I am 57 year-old English immigrant, with zero interest in tech or stocks, and yet I am 110% committed to Bitcoin. I would describe myself as an extreme conservative/libertarian. I have been involved in UK politics for some time, and the main thing that drove me to study Bitcoin and ultimately recognise its value to Humanity was the threat posed by an over-weening government, first in the UK and lately in the US also. I regard the CBDC as the final brick in the wall of the totalitarian prison the world's governments are building for us. And Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Francine duguay program is widely available online..
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate
Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today..Her insights and daily siignals are worth following.
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
Thanks. I'm in for life.. ain't nothing shaking me out. Being a little guy I'll always have a way to get cash turned to Crypto. I know this next run will be amazing! I'm just happy to be a part of this new age of finance.
so in the USA its good for Entrepreneurs and in UK its good for employees. So a balance is needed because no one will work hard and dedicate themselves because they can lose their jobs at anytime. And Tech is not the response for everything. And not all economies need to GROW EVERY YEAR, sometimes just maintain it. I do agree with your final points. very very good!
Over the last couple of decades plus we’ve unfortunately had to endure a series of truly incompetent Chancellors many of whom I would summarise with just this - Out of his depth.
I’m not confident of anything improving.
Where did you get your figures of the comparison between UK and US average company profit growths from? Thanks
The US is an interesting example because despite their economy thriving the average person doesn't seem to experience any of the benefits from it. If anything life is more of a struggle there because there is no safety net to fall back on in hard times so unexpected unemployment / illness hits much harder. The lack of regulations just leads to employees being exploited, it isn't really something any society should be aspiring to emulate.
Simple, profit gose to the top 1%, shareholders and the business itself
It's not strange at all. They are going down the same path as the US and there will be tears before bedtime.
What are you talking about? There are many safety nets, just not run by national government, but there are plenty state wise. Personally I love my job and life here
@@Jklopoppcornprivate insurance safety nets?... Deciding what treatment you can have depending on how much your insurance pays out?... Yeh great.
Small property developer here (conversions and renovations) not new builds)It’s impossible to get funding here in the UK and halts any growth potential for aspiring entrepreneurs. We also find the process of selling a property is far too slow in the majority of towns across the UK and seeing a lot of indecisiveness and delays in decision making. Getting onto the housing ladder shouldn’t be this difficult for young people. We don’t have a housing crisis it’s an affordability crisis and I doubt we will be able to get the construction of construction down, if anything tradesman labour need to go up and materials down.
Sir John James Cowperthwaite arrived as governor of Hong Kong in 1945. within 5 years real wages in Hong Kong rose by 50% and the portion of the population in acute poverty fell from 50% to 15% He was once asked what the key thing that poor countries could do to improve their growth. They should abolish the office of national statistics Low taxes made Hong Kong rich. No NHS. No free education. Low regulation. Singapore copied his model and magically got rich. The commies in the BOE and Treasury rebelled against Truss when she tried to get back to what is known to work.
Factually inaccurate, poverty in hong kong increased due to lack of regulation.
@@ThatAnnoyingStepdad hong konger are one is the most richest city in the world. Avg salary and not as high but they don't punish hard work people, if you want good education you need to work hard, good health care? Work hard. They don't tax everyone to death and tax your more after death
@luluisze but it ain't as rich as Denmark per capita and they have some of the highest taxes in the world. High tax makes a country better
Don’t they have coffin homes?
@@santostv.If you can earn enough you have to live in coffin. While in uk even u earn enough the govt will tax you until you broke, you have no way to break free from poor life
Labour have been in for 2 minutes. The Tories are to blame for this
They all are. You are blind sir it's all still their under labour and was 8 year ago too
Blames Labour's tax policy when the Tories were in power for 14 years.
It’s just absolutely mad, labours been in power for 4 months and they’re getting blamed for the absolute destruction of the last 14 years under the tories.
@@Callum1708increasing tax will make us have more money? explain please
@@littleones-yeahhThis is overly simplistic. The UK’s productive capacity is constrained because of 3 decades of lack of investment. Our cities outside of London are wildly unequal, poorly connected and have routinely had their funding gutted by central government - increasingly using funds that would/should be used on infrastructure to pay for social care for the elderly and infirm. Everyone agrees that that investment *must* happen to facilitate growth long-term - and in many instances it’s only a public body that can take on the risk (financial or legal) to do so. Given taxes on work (not assets/wealth, I’d note) are already historically high, borrowing is expensive, services are already poor and over-stretched - which services are you going to cut, or taxes are you going to raise and on whom, to fund the 10s of billions needed to build that critical infrastructure?
Forget about the teams. It's whats being done that matters, and so far it's not good enough
@Callum1708 they are increasing the tax burden Tories we're awefull Labour are worse...both puppets of the WEF...read up on it
Thank you this was informative and accessible
Great video. Thank you.
Just after the Brexit vote UK Gov allowed sale of ARM overseas.
Immediately alarm bells should have been ringing amongst people.
Personally, my pay is less than it was a decade ago. That's not real terms, that's GBP.
We in the UK have had the unfortunate circumstance to have fabian socialists in charge since 1998 - even the tories have been socialists! Now we have out and out marxists in charge without a clue. Cronyism has been a big problem but mostly the laziness of the politicians has meant they have concentrated on making house prices rise beyond affordability. The whole weight of this burden on young families has undermined our cultural values. We are debt slaves ruled by gangsters and psychopaths in our woke socialist utopia.
We have had Neoliberals in power since the days of Thatcher. Small state, private investment and allow the markets to decide the politics. This Labour governent is more of the same in a different coloured tie.
We sold our water, our energy, our trains, our bridges and our industry... We allowed social housing to be sold off at discount prices without replacing the stock. We allowed PFI to add to our debt, while taking their profits. We allowed Eton eductaed psychopaths the keys to the bank so they could could spaff it up the wall on expensive projects that only benefit London.
We had to bail RBS out in 2008 after Sunak had made his millions saddling it with £45.5 billion of debt in 2007. We allowed Brexit to take place. The greatest act of self harm a country has ever committed. Project fear was actually project reality, but Dave Cameron was too scared of UKIP and panicked himself into a referendum, backed by people who profited from the demise of sterling, and who wanted to silence Farage. Same Dave (egg face) had us all convinced that austerity was the way out, wheras the truth was more insidious, as he stripped all the remaining public services bare. The NHS was screwed over, along with justice, education and social care, which was repeatedly kicked down the road, with no answer to the issue of our aging demographics getting older and needing more care.
Then we had Covid, on top of the Brexit wounds and the country spunked billions up the wall on didgy unusable PPE and criminal deals for tory cronies.
Truss arrived high on cheese, and decided to give unfunded tax cuts to the 650,000 wealthiest individuals, telling us it would trickle down to the masses. The (non pork) markets told her to do one, and overnight she lost us £44 billion, raising rent sand mortgages for all. The lettuce would have been better.
Sunak steadied the sinking ship to the safety of nearby tax rocks, and skewered us all with more tax than we've had to face since WW2, and then got kicked out, as we all despised his little rat face and his non dom tax dodging.
Next! We shouted, along the line of utter uncompetent MPs, and we got Starmer. A man who looks like a sad potato and has no idea what the problem is, never mind how to fix it.
We are in dire straights, heading toward a societal meltdown as Haribo sweets go up in price by 25%
Now we have massively expensive housing, that few can afford. Stagnating wages, jobs at KFC drying up, and water that has raw sewage getting pumped into it, rather like the media that help control the narrative.
We'll continue to fail, as the tories set us up for a massive fall. Labour will change nothing, but slow the rot, to some degree.
When the people realise they've been duped again, they'll fall for the biggest con, and allow Farage and his racistly undertoned band of fukwits to have the keys to the land and he'll turn us into a low tax, no state economy for the super wealthy to grab as much as possible and plans will begin to tax us on breathing air.
It'll take a more than a miracle to solve the UKs endless list of problems. The voting population is generally too dim to know what is happening to them, and so they support Tommy ten names and Farage in thinking that refugees are the single biggest threat to their lives, when the reality is that we're devoid of ideas, political talent or will and we creat nothing of value, other than hiding oligarchs money in mant of our offshore tax havens that were plundered when the the good old Empire existed.
We need vision. Investment and to become more sefl sustaining or we're doomed, to once again become the sick man of Europe.
Have I missed anything out?
@@silvafox7719boris johnson
Deluded. You don't even know what Marxism/ socialism means.
Borderline schizophrenia get some help😂
Sorry pal, but this is an idiotic comment. Learn what these schools of thought actually mean and entail, without your obvious bias.
The problem is the neoliberal economic model which has been relentlessly ruining living standards since the days of Thatcher. Hyper-capitalism and incessant privatisation has ruined the UK. Wake up and smell the coffee, should've been obvious years ago.
Most common sense I've heard in years. Bravo👏👏
only just found your channel. this being the 3rd video I've seen, each one being a breath of fresh air.
Amazing points raised Sasha. I sincerely hope someone in government listens to you
They won’t
They are sitting in their high chairs sneering at everyone so they won't
Lovely video man ‼️‼️
Thank you for the awesome work
One of the things crippling this country is welfare it's amazing how much is spent on welfare single mothers housing benefits immigrants in hotels orphans in care pensions of which some receive up to and more than £500 a week to polatisions juges civil servants army personal police and many more the cost is staggering and the powers to be have to find this money and the only way to do it is tax tax tax untill the pips squeak
What's the alternative? Most of that money goes to paying landlords, hotel owners etc it's not like it's a transfer of wealth. In reality it's an extraction of labour away from rentiers and capitalists to the recipients.
where do you suggests all of the above go, on the streets? We see substantial increase in rough sleepers and homeless (working and non-working ones) , as for orphans and pensioners how dare they get old or be parentless), not sure about these people getting upwards of £500/wk. I do know rents are around £3k p/month so not sure who is getting the lions share of that, surely not the orphans or the mums who would be on streets if the landlords were not prepared to rent out their property portfolios.
@@cazzac4817 Exactly, the transfer of wealth is to those who already have their heads well above the water.
I've voluntarily chosen to waive my rights inside the UK by being self employed. Even here I am much better off for declining my 'rights' than payroll colleagues whose wages can be assessed from job ads and high turnover. We in the UK are being strangled by a beaurocracy that empoverishes the trusting, fearful majority. You are right and it is cultural, the mandarins will take everything eventually, each extra law drags us deeper into slavery to them.
brilliantly put with great tips
I moved to Spain with scepticism, however it's worked out well. Bureaucracy is a challenge but base costs are dramatically different.
Spent a stint in Ireland recently and that country is booming.
Now easy to travel without crossing the UK at either by air or sea
Access to Europe is easy and employee's good fun and work shorter hours with excellent output.
Good luck UK you need it
I heard that from an Irish guy, when I told him I was eyeing Scotland, he said, try Ireland, the economy has work.
Well the UK has taken strong primary and secondary educational outcomes across the board more seriously than the USA as a whole. Hopefully this can be of benefit going forward. The USA does throw more money at K-12 education even when the system is not working.
see
Are you having a larf?
Arr you avin a larf maite
Hmm. Kinda true. But also, ultimately, pointless. The problem is, despite high levels of educational attainment (relatively speaking) in the UK, it doesn't translate into much tangible benefit. The tragedy of poor literacy and numeracy rates in the US is that it stifles once ability to move into tertiary education, where degree holders do a lot better financially than their high school diploma having counterparts. In the UK however, there is no such tertiary education bonus. I'm seeing degree holders earning near minimum wage in highly skilled jobs. This reflects poorly on the economy, already shifted more towards rent seeking than innovation and growth. London is the only place offsetting this. But an entire economy can't rely on one region.
@@zwanzikahatzel9296
So consigning millions of American children to substandard education and life-chances is a good thing in your book?
@@zwanzikahatzel9296
I detect that note of sarcasm that I had not picked-up in your previous comment. It seems we are in accord.