UK economy to do ‘worse than Russia’, warns IMF on Brexit anniversary
HTML-код
- Опубликовано: 28 май 2024
- The UK is on course to be the world's worst-performing major economy this year, according to updated predictions from the International Monetary Fund - which puts at least part of the blame on higher taxes and interest rates.
(Subscribe: bit.ly/C4_News_Subscribe)
Others point to Brexit as a factor, on the third anniversary of Britain's departure.
If the IMF is correct, it means the UK would be the only G7 nation to see its economy shrink in 2023. The government says the UK has consistently outperformed recent forecasts.
-----------------------
Follow us on Instagram - / channel4news
UK economy to do worse than Russia - but that doesn't mean the Tories can't line their own pockets while it's happening.
Labour can't talk, they did nothing to prevent Brexit
Yeah they’re rinsing all they can before the next election as they know they’ll not be in power for at least a decade
Rather like Russia indeed!
Tory Rats 🐀🐀🐀
That's what they've been doing, you don't know the half of it.
Don’t worry, another decade of conservative rule in the UK will surely solve everything!
Labour can't talk, they did nothing to prevent Brexit
At least we still got the good old British sarcasm
They will solve everything with bankruptcy and the consequent dissolution of the uk
In Ireland now they are protesting in the streets and attacking migrant hotels...well done to them....hope it spreads
😂what a nightmare
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. 2023 so far looks like a year a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $280,000 savings to turn to dust
@thelastunicorn1987 Avoid too-good-to-be-true scam schemes. Seek advice from a fiduciary counsellor they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.
@@ConradGosling Yes, Fiduciary-counselors have access to proprietary information and data sources that are not made available to the general public. Under the direction of my fiduciary-counselor "STACIE KRISTAL WEBER," I have earned almost $260k in pure profits as of just Q3 of 2022. Do I make sales? Definitely not. I'm going to take a back seat and watch how everything develops.
@@geraldantonio3160 Stacie covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Argentina and Britain have a lot in common when it comes to sports, snobbishness or fighting over some rock islands in South Atlantic and I think the UK wants to join the Argentina's economy slogan nowadays: "it doesn't count as crisis if you're the crisis".
I blame the people for continuing to vote in far right self-serving fascists.
Because the corporate far right media told them to.
UK trajectory: from best place TO LIVE in 2009 to The Best place TO LEAVE in 2023, this is what I call COLLAPSE
hey present uk prime minister is indian right? come to our superpower india. u will like it
@@fannyalbi9040 Superpower India???
@@josbeam8550 probably exaggerating it, but you could come here and sell lemonade for a few bucks maybe while enjoy the meals for cheap but I doubt we'd ever trust you again.
@@josbeam8550 y? it hurts your brits snow ❄️ flake feelings?
@@fannyalbi9040 Just to let you know India as a country has the highest number of poor people in the world which is about 228 million. Bedevilled by lack of basic infrastructure, nutrition,sanitisation and health programme .
All thanks to the corrupt torys 🤮
yes we need another gordon brown or tony blair to sort it all out again.
Labour can't talk, they did nothing to prevent Brexit
@@888ssss love Gordon
Put them in prison
Tory MP: everyone else is wrong, it’s all going brilliant.
Labour can't talk, they did nothing to prevent Brexit
If you think that’s bad, wait until Labour get in
@@dee2251 hehe
@@dee2251 From what I can see, Labour did better than the tories have in the last 13 years.
@@dee2251 You've been fully blindsided Dee me old China
Well done Britain. You've really showed the EU how scoring an own goal is done.
Support for leaving the EU in every member state has dropped since the UK left. I think that says a lot. Maybe brexit could have been a success, it certainly could have been better than it is but we were take out by clueless goons with no plan for anything and a withdrawl agreement that they negotiated and now they are saying is unacceptable as if it was nothing to do with them
So what are you saying? The UK should be forced to be under foreign rule by Brussels forevermore? It should NEVER have even tried to get it's own autonomy back?
Maybe the reason the UK economy is doing badly is because Brussels makes it harder for the UK now to compete outside of the block, even though they COULD have made a trade agreement which is much more favourable to the UK.
Maybe they made it unfavorable to punish the UK for leaving and to discourage other EU countries from doing the same. Did you think about that? And do you think that's correct, praiseworthy behaviour from them? Will you not at the very least call it out?
@@marioluigi9599 Foreign rule? How can you make such statements when you have obviously no idea how the EU worked? The reason why the UK is doing poorly is because the UK is desperate, you are no longer part of the richest trade bloc, the UK is insignificant. UK companies go to the EU because that is where the market is, creating jobs there and paying tax there. You are now a ruletaker and no longer a rulemaker, you do as the EU says.
Other countries don't need to go to the UK anymore because the UK lost the biggest and most important market, the supply chains shift away from the UK because business will always use what is most cost effective and gives the most profit, the UK simply has no advantages.
Ask JRM why his company assets are no longer in the UK but in the EU :)
@@marioluigi9599 why tf would EU care about UK after Brexit and give it a favorable trade deal? EU doesn't need UK, UK needs EU. The point of being in EU was free of tariffs access to EU market, import and export. Since UK decided to leave, the only thing concerning EU in negotiations is to get the best deal for EU, and if UK is desperate then they will squeeze it to make more money for European people...
Honestly it's so bizarre how Brexiters actually thought other countries will not use them to make money, and instead will bend over to accommodate Brits because.... reasons.
@@marioluigi9599 also, foreign rule... autonomy... lol. Poland, a much less significant country in the EU ranks back when UK was still a member, is able to make Independent decisions even if they are against 95% of the EU members; look at the immigrant crisis when Brexiters yelled at the EU for "forcing them to open borders" while Poland and Hungary just said no.... and nothing happened, besides some arguments. In reality, Tories agreed to open said borders and when confronted by their own supporters, blamed it on EU - and since tory voters are, well, tories, they believed it without a second thought lol
This makes Putin smile from ear to ear: Boris, I told you.
Putin chose the perfect time to start a war and enlarge the Russian territory. Reason: GB and European economies are all looking very shaky rn. Putin knew that things are only going to look worse over time, so he renewed the stockpiles, developed new missile tech and prepped Russia for future conflict. All really smart moves on the geopolitical chessboard.
i`m sure hi is defenetly not smiling right now...
Is that because he's drugged up thinking he can beat the Ukraine and Europe :D. Russian is getting flushed down the toilet big time.
@@blackr2952 why
@@blackr2952 He is smiling and winning unless you remain blinded by the perpetual western BS, which you call news.
I have been a French citizen for 20 years.
We had covid and the effects of the Ukraine war.
Our energy price went up by 4% not the UK's 150%.
Our food inflation is 5% not the UK's 17%.
Our mortgages haven't risen at all.
In France the wealth gap between richest and poorest is one fifth of that in the UK.
Happy brexitday Britain.
Common French/EU win.
I can't say it for Germany food prices went up 45% or even doubled
Bro u don't know what you re talking about the inflation started before the Brexit was made into a deal. The torries just raised the taxes cuz of how corrupt they are and even before the brexit life wasn't what it used to be over here. You re wrong for thinking it's the brexit. In the midst of this whole economical crisis the rich don't even pay their taxes. It's that corrupt
@@nabidisla.5086 Germany had a massive reliance on Russian gas so at least they have an excuse. In the UK it's pure Tory corruption.
@Brian Ferguson
I lived in paris 18 years- 87~ the french were going to work in the uk bcos they cannot find jobs in France.
Even carpenters having acheived the ' compagnons de France'- i met a group of them in the UK- they told me "cannot find decent paid work in France" all young lads mid-20s.
French unemployment is over *DOUBLE* uk
In france 83% of workers earn just over the "smic"
~In france you pay tax on company earnngs BEFORE having earnt a Euro..
~ say, why in france do they have a 'calandrier du greve'- one-year upfront strike calendar?
~ say, how come millions were in the streets again in france about retirement age increase?
No cocorico- ;-) unemployment is very high in france, with no possibility to go to the UK to reduce the unemployed in france ( UK = E.U. Jobcenter)
Food prices have gone UP in france massively, and so has electricity..
You cant b.s. Someone who lived there 18 years..
"lollar"
Someone in Russia is playing this video in his conference room, laughing out loud...
It was funny hearing we will stop buying oil from Russia and they would be worse off
after their bots encouraged Brexit too...
The intelligence of the British people cannot be underestimated
@@23bit76 Lack of
Tomorrow we will see the news saying uk will send billions of £ to ukraine 😂😂 while the people of uk are suffering at this point ukraine is doing better than uk financially.
Thank you, Britain for showing EU nations what stupid decisions can lead to
This is the result of the boomerang effect of the sanctions on Russia
Don't worry, you fucked us up, too! :)
You can't put a price on principal Buddy
@@walkerhaw5468 but you can do on a loaf of bread.
@@BB-hx4mj You sound like a left wing whinner that exadurates things to try and get what he/she wants.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
@@bernakiziltug5543 True, we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
@@bernakiziltug5543 Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
Investors and theire greed destroy markets and society
Do your own research. Information is freely available. Ignore ‘experts’ they are after your money.
Lies again? Miami Birds Green Pink
Well, I'll give you a, "Fact and reality", In 2000 the UK had the 12th highest average wage in the world. In 2019 it had dropped to 14th.. But last year it had dropped to 24th! at just £32,+K. Compared to the Rep, Ireland's, £55+K The UK now has one of the lowest average wages in the western world.. I think that speaks for itself. Thanks Tory's!
Yes the main driver of that is the depreciation of the pound!
@@willlee7147 which has nothing whatever to do with Brexit or the Tories...🫣
Here are the top 10 countries with the highest median wealth per adult in Australian dollars:
Australia - $409,055
Belgium - $400,080
New Zealand - $345,375
Hong Kong - $302,244
Denmark - $255,633
Switzerland - $251,019
Canada - $225,884
Netherlands - $213,548
United Kingdom - $211,397
France - $207,843
So you saying it got worse 100% in just 22 years.
@luckyluke1503 figures just released by Credit Suisse for 2022.
Vote 1st for whoever will undo Brexit
2nd for Labour
NEVER vote Tory
Interesing platform, rejoin the single market. I bet that would work.
There is no such thing as rejoining.
Out means out!
Bye bye brexit britain.
@@fcassmann It would be a tough sell. It would have to come with an extensive committment of 25 years or something similar.
So stupid. It's not brexit. It's corruption.
@@fcassmann EU buying gas from Russia meanwhile UK sending money and weapons to corrupt Ukrain. Bye bye EU
RIP UK 😪
How did the UK elect CONservatives for 12 years straight!?
5 of those years were CON-DEM which was apt.
Majority of the British public aren't the brightest.
we are stupid
Racism as well
Clearly many of the British public have cognitive impairment and are easily led. What else can it be?
"Decent wages paid all over the UK" what a joke! 😂
Yea for the politicians and thier friends
@@KrolKaz beat me to it😂
My wages are up
What frustrates me is I'm Australian, university-educated in a broad, employable field and really want to live in the UK permanently, but the visa system is terrible and also full of nonsensical and stupid rules. It's like Brexit isn't enough. The UK has to screw itself over every way it can.
For instance, I can't get an Ancestry Visa despite having a British grandparent based on a completely ridiculous and archaic rule (which everyone I tell in the UK thinks is so stupid). But my Mum can automatically get citizenship. And so can some random person born on a holiday there. Go figure. And I have plenty to say about the "skilled-worker" visa too and how restrictive and painful it is. And how disgustingly high even the international student fees are. And how limited the "family" visas are.
Basically it's no wonder the UK is screwed now it's outside of the EU. Even when people want to go there it's like pulling teeth. I can't count the number of hours I spent trawling through the different visas and their rules trying to figure out a solution.
Just come on a boat across the English channel illegally they'll even keep you in a nice hotel
UK is not good now the days
@Gabriel Yikes, what's your issue? I'm a "snob" for pointing out the problems with your visa system? If you spent anytime researching the visa system, as I have done, you would know it was terrible too. And you would definitely be frustrated if you were in my situation. Especially with the trauma and suffering my Grandfather's family went through in WWII, much of it in the name of the British.
My grandmother was born during the peak of the British Empire I asked her once “how has the UK changed in your lifetime?” She said “It’s gone downhill fast” and she died before Brexit so I can’t imagine what she would say now
That's karma
You destroyed and looted others, killed and massacred people for centuries now it's slowly hitting you back
No escape from your sins
@@Infiniteemptiness karma against a people who did nothing for crimes a dead generation committed? If that’s karma then every time your parents commit a sin you should get punished for it. It ain’t karma, it’s greed and as usual the poorest man is hit the hardest. I’m not affected at all by these economic times I’ve actually grown faster so where’s my karma?
@@Infiniteemptiness can I do you the pleasure of massacring your racist stupidity ? 😂
@@jakkuwolfinsomnia8058 lol see how you changed you're words from being worst time to not effected at all😗😆 that's power of itchy comment 😁
Dead generation, lol you Christians believe Adam sins made you all eternally sinners even after 5000 years, than why not a dead generation just a century back
Btw principle of karma is simple UK caused bad now UK will get bad
You being born in that country at this point of time can be your bad karma😂
Rise and fall is part of everyone's journey whether individual or nation
Just accept it humbly and move on
@@jakkuwolfinsomnia8058 karma is for everyone buddy. It doesn't discriminate, you'll repay in this life or the next. Sooner or later you'll understand.
If all the Tory MPs paid their taxes .we wouldn't be in this mess
It would go so far but to really make a difference you'd need to get the Tory donors/ non Dom's to pay some tax.
How about reducing their numbers? You will save more money. They are not doing much for the average folks anyway!
Untrue
@@thegoat11111 Think you've misjudged that old boy, head up!!
Why do you even have him on your program !!!!#@! Are you that desperate you should be ashamed of yourselfs
instead of minding their own business, Britain is more interested in poking it's nose in others.
Sadly with each passing day we can see the impact this awful policy has had on the UK. Tied up in red tape and tariffs with lower GDP than before the pandemic whilst the others in the G7, including Italy, are above. The lower GDP means we do not have the headroom to pay our way in the world and must resort to borrowing.Whilst there are rich people in the UK; a great many of us are poor and now we are poorer still. What steps can we take to generate more income during quantitative adjustment? My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.
Well, the top players and pros have exclusive information and data paths that are not disclosed to the public. Knowing the strategies to use during this time is one thing and having the right information to execute them successfully is another
Finally harvesting the much promised Brexit benefits!
Happy fish!
Nothing to do with Brexit. The scamdemic did us in. We spent half the amount of money on it as we did in WW2. Not suit the narrative though.
@@drunkensailor112 they can’t be happy …they are French fish 😅 🐟
@@Paulcousins yeah deffo french I saw one in the Channel today with a beret on its head
Don't be so in rush!
Still waiting for that £350m a week extra cash.
There are no words. I can sleep tonight knowing I voted remain, just in a cold house with no heating.
Good lad, on the right side of history. Hold your head up high
Me too, so frustrating though.
Come to the light!! 🇺🇸😆
We are looking for employees here in Germany and we are eager to welcome you here.
@@stefans.6858 that's a kind offer but, because of Brexit, it's not easy for Brits to work on mainland Europe anymore. They'd have to be sponsored by an German employer in order to get a work visa, and those are only available for certain categories of jobs. It's very complicated.
Russia's economy actually is said to grow by 0.3% in 2023 despite all the sanctions which is unbelievable if you ask me.
not really, they just sell to china and india and they sell it to the west.
That the UK is suffering are symptoms of the dying US empire.
Mogg blaming the BOE and people working from home 🙄
I'm way more productive with hybrid working, less commuting and more energy to get things done.
He has no shame
Mogg is an idiot who modeled himself on stewie griffin from family guy.
Less driving to work means you're less likely to eat out, buy a drink etc.
When the stats show it’s people at home not working at all that are causing part of the problem. Early retirees and people dropping out of the workforce.
How likely is it do we think that Mogg will tell pensioners, landlords and early retirees to get to work?
@@KrolKaz and spend less hard earned money on unnecessaries.
Psychopaths don’t
Apparently, Ethiopia will be hosting a charity rock concert to raise money for the UK 😂
😂😂😂😂😂😂
We are the world,we are the children 🤣🤣🤣🤣
😂😂😂😂😂😂, spat my tea out.
I wouldn't joke so glibly. Even if you believed that could never happen, the universe has a way of taking words seriously to make it happen.
well it would be nice for them to repay the favour, considering we did it for them in the 80's. See treat people nice, they will return the favour when you need it! :/
Imagine putting sanctions on russia but you are getting hammered
Great Britain: From an empire where the sun never sets to a pissy little island where the sun rarely shines.
we'll remember that, when Russia and China over run you all ;) When you ask for our help we will say "well..no actually, after all we are just a little pissy island. good luck!"
I feel increasingly annoyed these days by seeing these politicians speaking and pretending they care about the public.
They're in a floating bubble detached from reality.
It will get worse until this bubble is burst.
couldnt of said it better myself
Dont lump them all together.
And aim your anger at Murdoch and co
I was annoyed by this all the way back in 2015-2016. They've got all their cash swept under the carpet in Cayman Islands, British Virgin Islands, Bermuda, and Seychelles. All the British tax money going for private fun for conservatives, many of them now with EU dual citizenship.
*Yep! It's absurd how Conservatives' solution to every problem is to (1) cut taxes for the rich, & (2) austerity policies for the poor.*
*... According to them, the poor have too much money & the rich don't have enough...!!! (SMH!!!)*
As an EU citizen who left the UK in July 2016 after living there for 10 years I somewhat feel shadenfraude watching British news today
@GeoDome nice joke
Just keep believing that "the Sun never set" in UK then everything will be OK.
Don't forget to send Zelensky his financial aid package.
The UK is screwed. I left two years ago and will never return.
Wise decision.
Thankyou, never welcome you.
Please move back from Europe to Asia.
May I ask where you know moved and how ya doing glad you made it out 😊
Nice you had the option, unfortunately most of us didn't have that option and the brexiteers stole it from us....
Mogg the man with the answer to everything and the solution to nothing
The guys attemp at spinning the situation to not be that bad is appalling. Mogg has no sense of reality. "we did right good before, so its ok to do bad now" doesn't fly when people can not afford to eat. "well I have been telling people to get to work" as if its everyone elses fault.
A politician though and through.
The man who sleeps on the job on live tv just to show how many f***s he really gives ruclips.net/video/iCNwXHaTDik/видео.html
Ps. didn't realise he lived in dorset, should have murdered the man myself
I work in his constituency. He once stepped in to the road in front of my car. I appologise for having braked.
He's become incredibly unpopular there so I don't think he'll get back in at the next election
@@stevec6427 he would be a good speed bump
As a foreigner , May I ask why Brexit!? Even people without any knowledge in economy can understand that Brexit will affect the economy
British being stupid and racist as per usual
When was the last imf prediction correct? ?????
I hear Africa is putting on a rock concert for us... UKaide
More like UKaids
Rising inequality is strangling the economy.
Tax the rich and spend the money on the people's priorities - healthcare, education, transport, homes and cheaper energy.
… this is the answer that the Tories and billionaire media will drown.
Brexit is also a factor.
** Survey the police I was sent the other day.
"How can prioritise murders and domestic abuse. We can't do both."
How does that add to the economy? You need businesses to be encouraged first to make money. You cant tax the economy better. You have the most socialist government we have ever had and it is a disaster. Lowering tax increases the tax take overall.
@@dulls8475 because normal people are the economy... the health, education and wellbeing of the work force is what creates a healthy economy
My Dutch government invested in green jobs 13 years ago. We pay for it of course, but we still have growth the last decade. A average of 2% a year. That's 20% Britain misses out on. That's a lot.
How can that be possible ??
I feel sorry for the Brits even though I'm Irish , they seem to have a collective insanity, History will look back this debacle with serious anger and regret
Yeah... History isn't gonna be kind at all to the Tories... And how you are remembered is all you got in the end...
You shouldn't Lots of Jobs and opportunities coming to Ireland thanks to Brexit and the NI Protocol
All Europe is gripped with a certain insanity currently
Scottish people are sane, but we were dragged out against our will by the loons doon South!
@@queenvagabond8787 Don't write us all off, it was a tight vote.
Sometimes I just feel so trapped and hopeless. Regardless of the fact that I've never voted conservative, voted to remain in the EU, etc, it was all for nothing because I was always on the losing side of votes. It's been like that ever since I was little, whatever I voted for never 'won'. I really hope at the next elections, when I vote it will actually make a positive difference in this country. Because right now, I'm sick of the way things are and am scared of how much worse it's gonna get if something doesn't change in this country.
We have to keep trying :)
Consider writing to your MP to affect change, also fingers crossed for proportional representation at some point in the future 🤞
Its unfortunate, being part of NATO does affect UK. Maybe instead of sending tanks, they should try to fix their problems at home. instead of trying to profiteering from war.
Unfortunately its been a long process of British citizens learning the consequences of their actions (what they vote for).
Vote for the party that will give us PR and nothing else!! It's the only way your vote, my vote anyone's vote will count. It's called Democracy and we've been deprived of it for far too long!!!
Somehow they never ask the Torys where they'll get the money. The media shares great responsibility for the mess we are in and having had the Conservatives in government for so long.
Do you mean the media owned by Tory sponsors?
100% correct. The media have a lot to answer for.
@@danielcraig4974
What do you mean? Can you please elaborate?
From what I’ve read and heard, every reasonable media source was saying that brexit would be catastrophic.
Hear hear
@@lumberjackdreamer6267 Every right wing media didn't. And that's most of the media in the UK. It's owned by right wing millionaires who want more for them and less for everybody else
This is what happens when you sanction yourself.
Shocking...
This is what a 4% drop in GDP as a result of Brexit looks like.
It's not Brexit, it's inflation, tax rises and interest rate rises.
Maybe we need that £350m a week extra cash from the EU.
No price on free-dumb
@eekamoose
My uk pay is up £4-8 p.h. Since brexit.
EU is still buying gas and oil from Russia. This helps their economy. UK should do the same rather than sending money and weapons to Ukrain.
Our biggest enemy in life is our ignorance!
No. It's greed.
Your an ignorance.
@@FourGreenFields Agreed.
Synonym for greed = TORIES
People coming by boat in mass, refugees and ripping all the tax 💰 money.
@@GRACE-do4we I don't like cruise ships either.
the whole uk economy is sitting and drinking beer all day.
Spot on🤩🤩
How does anyone get a point across with constant interjection in mid explanation ?
'We needed to leave the EU because it was holding back our Economic growth' Jacob doesnt have a flipping clue mogg. He is trying not to laugh as he said that, he loves how he has all us peasants back in order and under control
Is that why he moved his business to the EU/Ireland ??
I hope the truth comes out one day As the UK would be better off out but the people in charge are still taking backhanders.
I'd love to slap that clown.
Perhaps that £350m a week extra cash would sort everything out.🙂
@@turokforever007 deluded.
Why is Jacob Rees-Smogg still allowed to spout out his BS. He still lies his head off and isn’t called out for it…… don’t understand that.
Cos the media are complicit with the criminality
“If you live in the UK you should pay your taxes”
So they can add 2.2k on top of their wage while the public beg for higher pay
This is why everyone is striking.
5 Things You Never Knew About the Mig-15
ruclips.net/video/F5nnjDENMrs/видео.html
"Don't vote Corbyn!" ..they said.
"He'll ruin the economy!" ..they said.
😂😂😂😂😂
They voted Biden instead😂😂😂😂
Voilà! When a nation has no humility this is what happens.
There you have hit it! Rule Britannia? I don't think so.
The EU is like the Krays. You have to pay to trade. Free world trade would be better than the EU. Have some humility.
@@damianbutterworth2434 Dude, EU trade IS, an example of free world trade you absolute muck brained bottom feeding carp.
Countries trading amongst themselves without customs and paperwork is as "free world trade" as it gets.
You're paying more to trade with the individual EU countries and their customs now, than before when you traded with several of them at the same time without customs.
Now I wonder which lies are you gonna use to cover up for the lies I've already busted...
It's embarrassing for the uk I wonder if people would still want to immigrate to the uk knowing we possibly could be a 3rd world country we are so behind on most things as of today!!
What do you mean could be? It's been a third world country for decades. 🤣
I moved to Canada with my family. Desperately sad to leave but every time I listen to the news it makes me think we did the right thing.
Exactly. Just imagine the state of mind of whoever comes now. Either they ignore the problems or they are absolute mental cases.
They would migrate here nothing will change for our freebie seeking friends.
Left in 2016 after the referendum. Best decision ever
Please anyone , remind me..what was wrong with British economy pre brexit , that brexit would fix?
I'm all ears.
Sometimes it's best NOT to tell the world IMO. 🤔
British public have voted for four tory govt's in a row + brexit... what did anyone expect??
I live in Italy and this year our local highschool decided to go to Malta instead of the Uk. My daughter's Scout group decided to go to Ireland this summer instead of the Uk. Doesn't the government realise that these visitors would have spent money in the Uk while there?
Hi Antonia, your modesty is highly appreciated. Last week there was an article in one of our leading papers (Kölner Rundschau). The headline was: "London isn't calling". It was reported that German school classes are no longer interested to go to the UK. In the past they came massively. You are right, many prefer Malta.
But it is not only a financial issue. The UK is moving away from Europe.
Theresa May said: "I had some good talks with the EU, there are good chances that we can stay in the Erasmus Project." PM Johnson: "No, we'll have our own one."
I'm a bit mean, I admit, I've come to the UK regularly for more than half a century to watch theatre plays, especially Shakepeare dramas in Stratford-upon-Avon. If I consider the Brexiteers' rhetoric I must stop coming: All hotels are full of immigrants. If I'm getting ill I'll be on a waiting list in a hospital.
There's not a giant step from "illegal immigrant" to "illegal tourist", the first action has been taken: No acceptance of our ID-Card. As suspected terrorist it is better to watch performance in Continental Europe. Maybe you are Italian, Verona is a splendid place.
they do realize but just don't care. I'm currently a student and plan on leaving the country after uni if I get the opportunity. I can't see it getting better in the next 5-10 years :(
@camu camu Hi, I was only referring to school classes.
Same here from the Netherlands. Before the trip to the UK was super easy. Nice shopping in London. Now it's such a hassle we don't do that anymore.
@@HermanWillems Good morning Aerism, the Netherlands are indeed a great country. Some companies offer coach trips to German opera performances, the last time I saw this in Essen (Tannhäuser), a bus from Hilversum. Some years ago even two coaches from the Netherlands and one from Belgium in Aachen (La Traviata), inside I felt like being in Amsterdam, it was wonderful. This is what Europe is about.
According to Jacob Rees-Mogg, MP and Business Secretary, the UK economy has outperformed US, Germany, Japan, ... for the last 2 years. US, Germany, & Japan are the major consumer products manufacturers in the world. Consumer products are sold all across the world and makes profits for those countries. Traditionally it is consumer products that drive productivity, profits, and economic growth. England is known for its financial industry. Even in good times does Mr. Rees-Mogg really expect that UK (isolated from European markets through Brexit) can outpace US, Germany, & Japan. It seems there are people in UK government who are willing to say anything no matter how ridiculous. Many UK citizens are making less, they are on strike because they cannot pay for rent, food, ... And yet Mr. Rees-Mogg claim that the UK has economically grown 11% annually. Something does not make since. How can UK economy outpace US, Germany, and Japan and yet people are suffering. Mr. Rees-Mogg claims that while UK trade with Europe has declined, but UK trade with the rest of the world has improved. The EU has 500 million buyers. The UK has 60 million buyers. Who has more bargaining power in trading with the rest of the world? When UK was part of EU, the UK would get deals with 500 million strong. Now the UK can only get deals based on 60 million strong. UK after Brexit is getting a worse deal with the entire world. That is the only truth that we can conclude. It is disturbing that there people in the British government are liars and they think they can get away with anything. The bigger the lie, the more people will believe in us.
It's not over yet. Their pockets aren't lined enough.
Channel 4, I would have done a better job at challenging Mogg on his cherry picked out of context numbers and deregulation. UK economy grew faster in 2021 because it was coming back from a sharper drop but never got back to pre-covid level. Deregulation is nonsense since UK based manufacturers will still have to comply to the product regulatory standards of their export markets. Can you make an effort at challenging your interviewees a bit more?
Absolutely agree, at first I was thinking that Mogg was either very brave or very stupid to actually being up the numbers and even state that he knew how they are relative to previous years. My disappointment was palpable when the host not only didn't point out the glaring issues with Moggs "point" but he actually just "ran away" from the topic and went with the "common folk feels" angle instead... No wonder politicians get away with what they do.
Sadly, Channel 4 keeps on wheeling out/in this Victorian ghoul with a nouveau riche double barrelled name - when nobody else from the Government has the slightest interest in being interviewed .
That’s how bad it is….
It's almost like he's giving him an easy time on purpose...
Cathy Numan gave the teachers a grilling over their strikes 🤦🏻♂️🤦🏻♂️
hahahah what did Liz say? "We will cripple the Russian economy" 🤣
Actually the russian economy is pretty crippled. It takes a pretty long time to get into full effect, but the economy is already struggling - it just gets hidden behind massive arms production, which is good for short term GDP. Its just that the Brexit had more time to cripple the britain economy and has an almost similiar effect.
@@patricko9479 really? As a russian i can say that russian economy is stronger than it was before all these unlawful sanctions. How it can be that you need undefined time to cripple russian economy while british economy is collapsing in real life even without sanctions?
@@ildar5184 nothing true...
So August 23...you got that completely wrong then !!!
Obviously the sanctions are not working as well as expected against Russia. But the country that has literally sanctioned itself meaning the UK, has ended up worse economically than the country being sanctioned by all of the western hemisphere and a few more beyond. umm figure that one out then.
Turns out when you sanction the one nation supplying energy to the strongest economies in the EU and a major player in then world economy and politics is actually a terrible idea. This is exactly what Putin wanted and for the last 8 years has been gearing the Russian economy for these sanctions.
@@gettingfactsoutthere putin " wanted " Russia to be sanctioned ? Interesting.
@@jbbeiser983 For the last 8 years he has been transforming the Russian economy and military to be able to work without the collective west. So he did and when we sanctioned Russia is completely rebounded. Then the Rouble was the strongest it had been since the 80’s or something similar. Now it’s probably just going to get better for the Russians as the US will have to reel in their sanctions because it was such a catastrophe. But oh well another $100Bn for Ukraine to fight an un-winnable war.
@@jbbeiser983 For the last 8 years he has been transforming the Russian economy and military to be able to work without the collective west. So he did and when we sanctioned Russia is completely rebounded. Then the Rouble was the strongest it had been since the 80’s or something similar. Now it’s probably just going to get better for the Russians as the US will have to reel in their sanctions because it was such a catastrophe. But oh well another $100Bn for Ukraine to fight an un-winnable war.
@ETS I agree that the sanctions against Russia did not achieve the hoped-for goal. Yes, Russia and Ruble survived quite well. As for the winners 🏆 ( economic ), the USA made enormous profits in the military industrial complex, as well as selling liquefied gas ⛽️ again, making enormous profits. The real loosers is Ukraine and Europe, certainly economic. But because industrial corporations leaving Europe, the winners are the USA and China because of lower wages and fewer restrictions.
My mortgage has already more than tripled, and if you raise interest rates more I'll quit my job, get unemployment benefits and smoke weed.
Well exactly, half your months wages go on rent, then another week on tax, and you still have to pay for dental treatment, opticians, medicine , etc.
Get a week's wages on universal credit, free home, free council tax, free dental, opticians, and get a part time job "off the books" it works out better
Benefit claimants have better life standard than full time workers.
@@korhankaraoren9299 Put down the Daily Mail and live in the real world. What a plum.
@@korhankaraoren9299 spouty
Tories have had 13 years to strip the bones of the UK it may have cost me a small fortune but have to say its been great TV
Growth is a % of where we are. Our economy crashed after Brexit so a better % growth compared to countries not affected by Brexit will seem higher.
Fantastic news for the Tories! Congratulations lads! Oxbridge must be proud!
12 Years you voted 12 years for Tories I'm baffled how dumb the majority of UK voters are
Exactly.brexit was born at Oxford by the academic ivory Tower lawyers pushing the sovereign UK / UK must not be accountable to another court melaky.
Err
Financial markets
Migration.
Technology
Trade blocs
All cross borders .
How on earth did this separatist group of ivory tower academics on cosy university salaries ever get such traction.
None of them ever have led Indistry or held down a job.
I know top lawyers in London who still believe brexit a great idea.
Perhaps it's because Russia looks after Russia
it's chilling to hear how eerily similar the problems are and how alike the politicians talk on either side of the pond
Yeah, because the UK is pursuing an unnecessary virtue signalling net zero policy which means we have to pay more than we need to for energy.
Russia isn't as stupid.
MPS have second jobs which means they are only running the country part time, on top of that they get second homes, expenses and most likely bribes, there needs to be a serious overhaul of parliament and their practices because at the moment its set up to not be beneficial to the country
Abolish FPTP!!!
Indeed two jobs is insane and shouldn’t be allowed. The MP’s salary is good enough as full time job pay. No happy? Get out !
And all you do is complain online 🤣, go out for a protest, the fresh air will do you good and the screaming will help relieve tension so you're fit and ready to work for the next 10 years
Now go pay your taxes like a good little pleb 😇
The idiot Prime Minister is so out of touch with the real world he doesn’t know he is now UK Worst ever to be in a job he is not qualified for! Roll on PMQs See SUNAK AND THE IZALS performance NBG!
problem: the majority of people don't have enough money so can't afford to buy goods and services from businesses and therefor small businesses are going bankrupt and the economy is stagnating while the super rich are getting richer at the fastest rate in recorded history and big corporations continue making huge profits
Tory parties solution: do everything possible to prevent ordinary people from getting pay rises and cut taxes for millionaires and billion dollar multinational corporations
*Because corporations control politics and they will eventually go down too,they don't live on another planet.*
exactly! exploitation ! - Anyone with even very basic understanding of economics knows - for a economy to grow, you need industry and people need to have money to spend, to help fuel the economy, the economy increases and the value of currency grows...its not that hard to figure out, and i am not even an economist oO what is going on is simple - the poloticions are putting us on a war time budget, to get us conditioned for the almost inescapable conclusion that WW3 is just around the corner, keep you're eyes on your phones the next few weeks............i just hope this time around - we brits take a back seat we saved Europe twice before...it would be nice for them to save us this time around! Thankyou in advance!
Incredible
JRM isn't worried about the red tape involved with dealing with the EU...He just transferred his business headquarters to the Republic of Ireland...This man makes me feel physically sick.
i literally feel i could throw up whenever i watch him say anything
@@RoonilWazlib011 Please throw up over Mogg, I'd pay good money to see that
The uk is going to be the new Argentina, which used to be one the richest countries in the world. The parallels between Argentina in the 50s and 60s to the uk right now are staggering.
Yikes. At least if that happens, football may finally come home.
@@TLshadow1997 silver lining 😂
@@TLshadow1997 British people never lose humor no matter how dim the world turns
@@nabidisla.5086 I'm not British but just felt like throwing in that joke right as I just finished watching a football match.
Karma they looted richest country in world india become richest,today they are going down,india reclaiming it place
Russia's economy is growing even. UK de-coupled from China and Russia. Bad idea. The EU is also in a bad shape.
Labour wont help you.
We cannot afford anything or pay proper wages… yet the government say we need to just think positive 🤦♂️
Well get to thinking then... Sheesh if you just say your happy then theres no issue?
Didn't you hear Rees-Mogg? He said we just need to work harder.
Positive thoughts like "I hope next election these guys lose and are investigated for corruption."
Start paying taxes with positivity
@@Thor.Jorgensen good luck with that it'll never happen
Of course the poor suffer the most
Fun fact lots of poor parts of UK received lots of EU funding
Especially Manchester unlike most other cities Manchester knew that the EU supported them and they voted mainly for remain the other parts are mostly blinded boomers believing in touries the past decade
It's always been like this.
Why choose to be poor ? Anyone can be successful if they are prepared to do whatever it takes to achieve it.
@@jjefferyworboys8138 You do know that your "anyone" is a synonym for "everyone", right? The idea that everyone can be successful is frankly bone headed, given that we live in a society where different skills bring different rewards and it's only possible to have so many "successes" without adopting an extreme form of socialism. And what in the name of all that's holly does "do whatever it takes to achieve it" actually mean in the real world?
@@jjefferyworboys8138 no one chooses to be poor. It's not a lifestyle choice.
Putin said it best to Australians “ boris boomeranged himself “ , great sanctions boris , 4x cost gas supplies from America
Apparently leaving the EU has made us a global trading nation, well then tell me which nations we are trading with which amount to the same levels that we were trading with the EU?
I'm from 2028. Most of us are living on the streets full of empty shut up buildings and eating rats. But the Government is assuring us, the economy is strong!
Good one 😂😂
Hope they're British rats. Only the best
@@danielcraig4974 we get used to any kinds...
It's funny how every prediction we made, over here in the EU, came true.
except for 10% inflation in the EU, which no one predicted 👍😂😂😂
It’s sad. We knew brexit would be a disaster. And now we start to see the stupidity of brexit
@@berlin-west4651 Yes no one predicted a war that has nothing to do with Brexit.
@@berlin-west4651, but that hasn't got anything to do with Brexit.
The company I work for even has more clients because the UK market isn't interesting anymore.
What do you expect the governments over the past forty years have turned this country in to one giant warehouse and office where we no longer have industries and rely basically to make and build everything for this country. That's why the UK is on course to be the world's worst-performing major economy. everything in this country has been reduced, cutback to make more profits left out the one facture that makes the economy work and that is you need a majority of the population in work to make the money rotate to generate a real economy. when the money stops roating the economy stops moving.
What is "a leading nation?" Which countries are these? How does someone know who belongs in this group?
Rees-Mogs - "Brexit has been a marvellous success" - Yes, for scoundrels with their dirty money stashed in UK offshore territoires.
I work in autistic care homes and am earning more and able to afford my own car for first time in my life. Labour shortages has helped cause inflation but if your wages stay ahead like mine its great! You never hear from the working class on British news so remember that when you believe the middle class dominated narrative!
im ready to get up at 5am to own nothing.
This is what happens when you don't invest in your country. The Tories thought we could solve our economy after 2008 by cutting taxes and slashing spending. We now know that has had a dismal effect on our country with infrastructure public services and economic development in a much worse place, while some people have grown their wealth tremendously, most people have been struggling because when you remove the investment, you remove the capability to grow.
This is why we've stagnated. Leaving the EU was a political decision with no regard to the economy (most stuff the Tories claim we can only do now, we could've done all along) and it has crippled us.
The world does not turn to Britain because it sees a mismanaged and ignorant government in denial of their own creation and a country who's investment has dwindled leaving most people less capable of improving their quality of life because the wolf is always at the door.
soon none of this will matter as the WEf plan to enforce a global universal income method as AI systems will be and are being implemented into more and more jobs, including surgery medical advice etc, The plan for a push to electric vehicles world wide is no accident, within a decade or two after that, self driving cars only will be allowed on the highways around the world, after that anyone caught trying to drive will be prosecuted. Its all planned and being implemented subtly and methodically. As the WEF (Schwab clearly stated) "You will own nothing and you will be happy, you will not have to work and be happy. Funny how the Uk government a few months ago started to push the idea of it when they were telling people "you won't have to work in the not too distant future...you will have more time with you're famalies and doing what you want to do, instead of working in jobs you do not like" ...ring a bell? Yea they were not joking. It is the WEFS agenda, and that is why you have no doubt heard alot lately about "universal income for the world" and that is what the "great reset" is all about - it is remodelling society the world over. Literally.
Provding WW3 isnt just a 30 minute nuclear free for all.....if that happens - well..most won't survive It takes mere minutes for a nuclear warhead to impact after the sirens sound.
"Look I finally found Wally!"
...No son, that's just Jacob Rees Mogg.
British public: * does peaceful protests that doesn't work *
15:50 Man, if Brexit is going “extremely well” right now, I’d hate to see what a Brexit that’s going bad would’ve looked like
4% for UK maybe but off a lower base as we got hit harder by COVID.
Unlike the other countries our economy is still below pre COVID size
Simple Rule - Remove the sanctions to russia and get the cheap energy and make britian great. Because of one ukraine all the nations are suffering. we need cheap gas and energy asap
Why wasn't he challenged on the last sentence about trade deals with the rest of the world?! We signed two. TWO. And no more in the pipeline.
A Tory success story
12 years voting for thief's that lying through the teeth people are insane
Never ending tory
You're spot on!
@GeoDome nice joke
Teachers,nurses,police,care services etc don’t work from home!
This man is living in another world!!
🤣🤣🤣
The same IMF changed the outlook from growth to shrinkage several times this year wrongly. Gives you confidence, in their lack of predictions. Was 0.6% growth a month or two back they predicted for UK