Why the U.K. Is the Only Major Economy Set to Shrink in 2023 | WSJ

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  • Опубликовано: 29 окт 2024

Комментарии • 679

  • @Historictalesofyore
    @Historictalesofyore Год назад +712

    When you say it is being out performed by “sanctioned Russia” , remember that the UK by leaving the EU single market also practically sanctioned itself.

    • @joecater894
      @joecater894 Год назад +26

      ... not really anything to do with that... ; its because energy costs and the fact the UK has consistently failed to invest long term in its energy infrastructure.

    • @tommcg927
      @tommcg927 Год назад +76

      @@joecater894 Brexit has negativity effected the UK economy significantly the Office for Budget Responsibility says Brexit will have a long-term effect of cutting UK GDP by 4% and that's the organization that the government founded themselves. I've seen even more negative forecasts from the CER so it's clear if that Brexit was a disaster for the UK economy

    • @smdutton
      @smdutton Год назад +51

      @@joecater894the energy crisis is worldwide… hitting other countries harder… yet we are doing worse…? Maybe, just maybe, Brexit was a bad idea.

    • @murphymurph8282
      @murphymurph8282 Год назад +24

      @@joecater894 I love British jokes, and you're funny.

    • @scottloughton8880
      @scottloughton8880 Год назад +23

      @@joecater894 Delusional.

  • @KingCharles3
    @KingCharles3 Год назад +562

    I like how every image of the UK is just London. There’s a whole country outside of the city!

    • @Vic7_MvVzNZGzH4rqrp3urTE
      @Vic7_MvVzNZGzH4rqrp3urTE Год назад +21

      😂😂😂

    • @jon6309
      @jon6309 Год назад +39

      Seems like it was filmed by England centric producers. No views of the other constituent countries like Wales, Scotland and Northern Ireland.

    • @woozy7405
      @woozy7405 Год назад +90

      What are they gonna show in a video about finance some cows in a bleak pasture 😂

    • @saintblades
      @saintblades Год назад +17

      Several countries actually 🤣

    • @woozy7405
      @woozy7405 Год назад +27

      Well in their defense the London Metro Area is almost a quarter of the UK population and the city is considered the economic capital of the world

  • @paxundpeace9970
    @paxundpeace9970 Год назад +200

    Inflation is bad in Europe but not as bad as in the UK.
    That's the issue. Food prices are getting particularly high in the UK.

    • @bengardener8928
      @bengardener8928 Год назад +2

      You're right my £3 case of beer, £4.50 per 50 grams of tobacco, 1 euro/gram of smoke/ £4 for 10kg delicious oranges and the list goes on is hurting big time.

    • @alondra3809
      @alondra3809 Год назад

      Yes, partially because it is much more expensive for the UK to import now that Brexit has created all sort of tensions at Country borders.

    • @Phil-bc2sd
      @Phil-bc2sd Год назад +9

      There are over a thousand food banks in Germany and millions of eu citizens can’t afford the energy and food costs so it’s not just the uk it’s happening throughout Europe and beyond.

    • @randyvalantino6850
      @randyvalantino6850 Год назад

      Nope

    • @kordellswoffer1520
      @kordellswoffer1520 Год назад +1

      @@alondra3809 that’s not even true. Inflation had nothing to do with increases in import costs.

  • @Raymondjohn2
    @Raymondjohn2 Год назад +636

    I see 2-3yrs recession. Fed will raise interests in Sept 2022 if inflation doesn't peak. Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

    • @martingiavarini
      @martingiavarini Год назад +2

    • @hermanramos7092
      @hermanramos7092 Год назад +2

      @@martingiavarini

    • @hermanramos7092
      @hermanramos7092 Год назад +1

      @@martingiavarini She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

  • @GillerHeston
    @GillerHeston Год назад +329

    Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

    • @joshbarney114
      @joshbarney114 Год назад +3

      It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

    • @rogerwheelers4322
      @rogerwheelers4322 Год назад +3

      I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over £450K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market

    • @FabioOdelega876
      @FabioOdelega876 Год назад +3

      @@rogerwheelers4322 I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

    • @rogerwheelers4322
      @rogerwheelers4322 Год назад +2

      @@FabioOdelega876 Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Colleen Janie Towe” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

    • @FabioOdelega876
      @FabioOdelega876 Год назад +3

      @@rogerwheelers4322 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

  • @carthicss1
    @carthicss1 Год назад +14

    When you can no longer loot other countries, you shrink

    • @alucardbalmond3480
      @alucardbalmond3480 Год назад +2

      Yeah, and also when pigs start living like humans inflation rises. Brits should have stayed in the wild, ate the grass, played on the muds and lived like little happy piglets. Instead they tried to be on a bar with humans. This one should be documented and taught in schools.

  • @sandrachivel
    @sandrachivel Год назад +786

    This is impressive content you have here, Working with a financial professional can actually help you prepare for life financial struggles. I'm glad I was able to call my coach Katherine Anne Roos since I was actively cashing out from my portfolio and finally made over 370k just in the first quarter while everyone else was crying about the downturn. early this year.

    • @colemanjnr
      @colemanjnr Год назад

      It amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that oppor-tunities abound in the financial markets, The only thing is to know where to focus....Thanks so much Katherine Anne Roos

    • @Tinarayy
      @Tinarayy Год назад

      I appreciate the advise. Finding your coach online was a simple process. Before we planned our phone call, I checked him up online. Based on his online resume, he appears to be knowledgeable.....

    • @Lordlugard1
      @Lordlugard1 Год назад

      With the help Mrs Katherine Anne Roos I've gained perfectly well from my investment. The quantity of capital you invest, though, ultimately determines everything. With a substantial start-up budget, you could be able to earn more

    • @Edetienne123
      @Edetienne123 Год назад

      I've been struggling with finances for months after my divorce, and I just discovered her exceptional resume when I Googled her name. I consider myself lucky today

    • @nectarcityking
      @nectarcityking Год назад

      Katherine Anne Roos. Many traders and investors out there have benefited from strategy; thanks to her program, I was able to quickly recoup my losses during the crash..

  • @grahampalmer
    @grahampalmer Год назад +38

    Useful. Clear & concise. Thanks.

  • @davidlp3019
    @davidlp3019 Год назад +15

    We have similar problems here in Australia particularly with cost of living. It is SO expensive to live here these days yet our pay packet has not gone up at the same rate.

    • @teamtoken
      @teamtoken Год назад +2

      Yep, and the worst is yet to come. The RBA has backed off a little on interest rates but the kicker is that most of the rate rises haven’t hit a lot of households yet, but they will going further into this year all the way to the end of 2024. Unless inflation suddenly drops by a lot, this year is going to be ugly.
      Pay packets have also gone slightly backwards due inflation and rents are obscene. I think we’re going to see a real decline in the Australian living standards.

    • @AA-hg5fk
      @AA-hg5fk Год назад

      At least your fellow countrymen didn't vote to erect barriers to free trade with your biggest trading partner.

  • @Random17Game
    @Random17Game Год назад +35

    1 word: Brexit

    • @drewh3224
      @drewh3224 Год назад

      Brexit is killing UK..

    • @billlot5329
      @billlot5329 Год назад +6

      @@abdiganiaden The difference is UK doesn't pay money into the EU but France does😂!

    • @Eoin-B
      @Eoin-B Год назад

      @@billlot5329 And France benefits from being part of the largest trading bloc in the world and paying money to poorer nations in the bloc makes them wealthier who will then be able to buy more stuff in the future from France. Germany and France aren't stupid, the EU benefits the rich nations as much as it benifts the poor ones. On top of that. The UK still needs to comply with all the regulatory standards of the EU to be able to trade with it as the rest of the world does, even if you change the laws yourself. But now they don't have a seat at the table making those decisions.
      Thinking you can stand up on your own was the worst mistake the UK has made in a generation. But hey, you got to stop migrants from coming into your country, and I'm guessing that's what half of ye who voted for brexit were really voting for...

    • @winstonsmith2079
      @winstonsmith2079 Год назад +2

      @@abdiganiaden What has the geographical size of UK and France got to do with it?

    • @Eoin-B
      @Eoin-B Год назад

      @@petersmith349 Fishing accounts for 0.03% of the UK's GDP and using fishing sovereignty as a bragging right is pretty sad. Ireland is not Iceland, we rely on fishing slightly more and the benefits we have gotten vs what we lost are immeasurable after all we received from the EU, we are now contributors. But hey, that's only one success story. Germany, France, the UK and Italy rose from nothing after the war and all your empires fell apart and suddenly you were all no longer superpowers. So what's the smartest thing to do to become powerful again?
      Any idiot can think of a solution. Join together and create a union to rival the Chinese, the USA and the Soviet Union.
      Guaranteeing great trade deals and ensuring we have great sway on the world stage.
      But you decided to leave and think you think your still some great empire that can get better trade deals and that you can make your own policies that 3rd countries will have to comply with otherwise they will lose out on your "massive" market of 70m people.
      Keep living the fantasy. You think Brussels runs everything. Your probably right, but you left your 15% voting share behind and will still have to follow all their rules.

  • @naif8493
    @naif8493 Год назад +75

    Inflation in the UK is due to supply factors, that's why Bank of England policies are ineffective.

    • @SiLoMixMaster
      @SiLoMixMaster Год назад +19

      Yes a supply of too much money 😂

    • @naif8493
      @naif8493 Год назад +1

      @@SiLoMixMaster That’s a minor contribution

    • @bengardener8928
      @bengardener8928 Год назад +2

      @@naif8493 It's the entire contribution actually, they use increasing money supply to reduce interest rates, this messes with resource allocation resulting in insufficient supply.

    • @marklapena854
      @marklapena854 Год назад +3

      Yes! A supply problem caused by the B word.

    • @tropics8407
      @tropics8407 Год назад

      Yes they try not to supply or export but instead import 🤦‍♂️

  • @riverraven7359
    @riverraven7359 Год назад +36

    There's no reinvestment in our own workforce, companies prefer the off the shelf option of immigrants rather than spend money training UK workers or investing in infrastructure. It's all short term bonus over long term prosperity.

    • @Pierrick2009
      @Pierrick2009 Год назад +3

      That’s nonsense. Workers are responsible for their own training and education and there was always the option to go train and study in another European country in order to make yourself more employable!

    • @riverraven7359
      @riverraven7359 Год назад +5

      That is entirely dependent on how much money you have. skills training is not cheap, neither is relocating. If you can afford it good for you, millions can't.

    • @jonnyc429
      @jonnyc429 Год назад +1

      That's been the UK for decades

    • @riverraven7359
      @riverraven7359 Год назад +3

      @@jonnyc429 that's my point. The deficit in maintaining a high skills high pay workforce has compounded year after year until Britain lags significantly behind other western economies.
      Farming, Manufacturing and Defence are all minute contributors, services is the one thing propping up a crippled economy.

    • @jonnyc429
      @jonnyc429 Год назад +1

      @@riverraven7359 I totally agree with you

  • @Bokoyo
    @Bokoyo Год назад +15

    UK and it's services are in a big mess. Next generation is going to struggle badly in this country।

    • @edgardebruin5539
      @edgardebruin5539 Год назад +5

      been predicted if things won't change you will have young English people moving put of the UK and go to the EU or other country's

    • @yiman7370
      @yiman7370 Год назад +4

      Good, u wanted Brexit, now u r all alone lol

    • @Bokoyo
      @Bokoyo Год назад +1

      @@edgardebruin5539 friends of my friends are already left for Australia, Spain and even Poland.

    • @Bokoyo
      @Bokoyo Год назад

      @@yiman7370 I say the same thing, people of 🇬🇧 have made a deadly move, even brexit support parties don’t have any clue to lead now!

  • @markgarcia8253
    @markgarcia8253 Год назад +88

    Germany is next after they both had massive retirement in 2022 which will increase Supply side inflation.
    But Brexit made it 10x worse now that the UK won’t get a Free Trade deal with the US unless they are willing to give up Sovereignty for Statehood. That’s how ugly the UK’s lack of leverage IS.

    • @Eoin-B
      @Eoin-B Год назад

      Too right. It's incredible that pro-Brexit campaigners fooled the public into thinking they would somehow get better trade deals and more favourable tariffs than the EU has agreed with the rest of the world.

    • @souvikrc4499
      @souvikrc4499 Год назад

      And what makes it even worse is how many politicians are in complete denial about the situation.

    • @smdutton
      @smdutton Год назад +4

      @beaterbikechannelmfga2538right…

    • @gabbar51ngh
      @gabbar51ngh Год назад +12

      Germans will innovate out of this. They have faced worse. UK is a nation which forgets it's not british empire anymore.

    • @bobbobson6290
      @bobbobson6290 Год назад +4

      At least Frankfurt is booming right now thanks to Brexit.

  • @cherriepie
    @cherriepie Год назад +6

    I’m British, but I always say this country is massively overrated, everything is an absolute mess right now, houses are expensive, gas and heating is expensive, last year we went through 3 prime ministers in 6 weeks. If you’re considering moving here, consider elsewhere

    • @AA-hg5fk
      @AA-hg5fk Год назад

      Not to mention horrendously expensive childcare and blatant political corruption!

  • @classicalmusic1175
    @classicalmusic1175 Год назад

    Hindsight is a wonderful thing, isn't it? It is, in fact, the German economy that is going to shrink this year, not the British economy. Sorry to disappoint you haters. (especially Indian trolls).

  • @pangs3798
    @pangs3798 Год назад +34

    Problem with the UK economy is that its government still acts as if they have a global empire to lean back on.

    • @tomjones7184
      @tomjones7184 Год назад +4

      Explain how? 🤣

    • @imastaycool
      @imastaycool Год назад +9

      ​@@tomjones7184 Britain's egotistical mindset and antiquated notions of grandeur got it Brexit...

    • @tomjones7184
      @tomjones7184 Год назад +2

      @@imastaycool yet the uk is still the 6th richest country in the world with a population of only 65 million😂 with an offshore finance empire that controls trillions and trillions of dollars

    • @MrCrosby.s_lunch
      @MrCrosby.s_lunch Год назад +13

      @@tomjones7184 and 11% inflation rates, 25% of the population below poverty line and 10% of population that can’t literally afford food

    • @tomjones7184
      @tomjones7184 Год назад

      @@MrCrosby.s_lunch not sure where you’re getting there statistics from? Russia Today perhaps?😂 if people can’t afford food why aren’t there riots? Why aren’t there thousands of people starving to death? Your talking out your hole 🕳️

  • @heavenbright2342
    @heavenbright2342 Год назад +2

    Sick man of Europe, hungry kids, lack of heating

  • @KarthikSoun
    @KarthikSoun Год назад +3

    The British think they are a Super Power but they forgot they don't have big countries like India anymore. Why do you need 2 big Aircraft Carriers?

  • @emilybrown2719
    @emilybrown2719 Год назад +305

    Don't get me wrong, I know the economy is in shambles and in order to break even and make profit, we have to ride it out until stock recovery, but how are some folks in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?

    • @FeliciaJudge
      @FeliciaJudge Год назад +5

      You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.

    • @emilybrown2719
      @emilybrown2719 Год назад +2

      @@FeliciaJudge Please, who is the advisor that assists you with your investments

    • @FeliciaJudge
      @FeliciaJudge Год назад +4

      @@emilybrown2719 The adviser I use is actually quite known, you might have heard of her, Christine Marie Rocke, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.

    • @emilybrown2719
      @emilybrown2719 Год назад +1

      @@FeliciaJudge Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

  • @lawrencerobles6207
    @lawrencerobles6207 Год назад +14

    Its true. My friend who earns about 150,000 GBP annually is struggling to afford a house in central London. The prices have gone up way too much.

    • @kordellswoffer1520
      @kordellswoffer1520 Год назад +9

      That’s because he lives in London. The uk isn’t a big country and he could easily find a home outside of London and make a commute to work within a reasonable time frame.

  • @Frenchylikeshikes
    @Frenchylikeshikes Год назад +3

    Can you imagine a 17% rise in food prices?? How can regular folks keep up with that??

  • @AnnaFed015
    @AnnaFed015 Год назад +462

    Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns...it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus..

    • @Windarti30
      @Windarti30 Год назад +2

      Wow, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

    • @AnnaFed015
      @AnnaFed015 Год назад

      I’ve made lots of profits from my capital with Sir Rodger Michael Karl But basically, it all depends on your investment capital, Possibly you can earn more with a good start”up capital, $15,000 in every week so glad to be one of his investors....

  • @KFHGJVIN
    @KFHGJVIN Год назад +7

    When brits stop being obsessed with booze, soccer, reality tv/tabloids, royal family, that's when the country will take a turn for the better.

    • @KFHGJVIN
      @KFHGJVIN Год назад +1

      @camu camu When the legal drinking age is 16, it fosters habits and behaviours that are hard to shrug off and people move closer and closer to the stereotype.

  • @shmookins
    @shmookins Год назад +56

    I hope our fellow Brits can overcome this and soon.
    No one wants to hear bad news about their friends.

    • @user-fu1ls7mf2r
      @user-fu1ls7mf2r Год назад +3

      @user-vn1ol9ts6p the same way the people in many countries can’t control the government of there country the people of the uk can’t control there’s either

    • @rizkyadiyanto7922
      @rizkyadiyanto7922 Год назад

      @@user-fu1ls7mf2r like rusia?

    • @bloodwargaming3662
      @bloodwargaming3662 Год назад +8

      ​@@user-fu1ls7mf2r we know what happened in Iraq . The most popular govt in uk did it

    • @moistman6930
      @moistman6930 Год назад

      @@bloodwargaming3662The removal of Saddamn Hussein (the man that killed twice the amount of Iraqis than the war did, invaded Kuwait, and gassed the Kurds)?

    • @bloodwargaming3662
      @bloodwargaming3662 Год назад +1

      @@moistman6930 yeah sure ? Saddam Hussein under whom Iraq saw record growth, people were educated , healthcare was provided for everyone and Iraqis saw record increment in living standards . You can lie but the facts are there your govt killed millions of innocent people it didn't have any rights to kill. Iraqis know it and the rest of the world also knows . The quote is so true
      "God can't trust Englishmen in the night"

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад +6

    The lack of financial stability makes it difficult to have healthy relationships

    • @rebekahwhite2939
      @rebekahwhite2939 Год назад

      Sometimes I don't have food
      And in December 2019, I didn't have money to buy food
      Transmission to repair car in about November 2019 was expensive

  • @abc-zz5zf
    @abc-zz5zf Год назад +3

    UK is a sinking ship.

  • @africanboi4542
    @africanboi4542 Год назад +200

    Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.

    • @bsetdays6784
      @bsetdays6784 Год назад +1

      There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

    • @cloudyblaze7916
      @cloudyblaze7916 Год назад +1

      I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

    • @selenajack2036
      @selenajack2036 Год назад +1

      @@cloudyblaze7916 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

    • @cloudyblaze7916
      @cloudyblaze7916 Год назад +1

      @@selenajack2036 You can employ another adviser, but ELEANOR ANNETTE ECKHAUS is my one who provides guidance. She has years of knowledge in the financial markets, and her approach has worked for me in the past, leading to my success. She offers points of entrance and exit for the securities I prioritize.

  • @jfielder48
    @jfielder48 Год назад +1

    I just bought a normal pint of milk from Sainsburys, It cost almost £1, as a child I remember buying a bag of crisps or four chewy sweets for 1p. Guess how old I am?

  • @fatherted2975
    @fatherted2975 Год назад +12

    Considering we don't give money to EU no more! how long is that piece of string with the words on it MFF we see how good that budget really is across Europe!

    • @trevortaylor6634
      @trevortaylor6634 Год назад

      The problem here is the money isn't shared out it's only given to people that already have it

    • @fatherted2975
      @fatherted2975 Год назад

      @@trevortaylor6634 We don't live in utopia we live in real world unfortunately!

  • @annetteirish-frederick3668
    @annetteirish-frederick3668 Год назад +1

    Living in the USA. No, prices in the USA have AND ARE STILL RISING!

  • @jimbojimbo6873
    @jimbojimbo6873 Год назад +7

    Largely driven by those high energy costs???
    Thats not true at all, it’s due to how much money was pumped out by the BoE and exchange rates ruining the pound.

  • @piyushkumar.021
    @piyushkumar.021 Год назад +11

    I have to say 'Loot money do not last longer'🤣🤣 LOVE IT

  • @sevenpot4299
    @sevenpot4299 Год назад +35

    Quite promising point of view. Feels like collapsing rather than shrinking to me. lol

    • @scarletcrusade77
      @scarletcrusade77 Год назад +2

      The video literally explains the inflation is expected to drop drastically and things generally long term will be good.

    • @b1zzy1986
      @b1zzy1986 Год назад

      What it explains and the reality csn be completely different

    • @woozy7405
      @woozy7405 Год назад

      Yeah, because the media always makes everything seem worse when you keep listening to it

    • @imhopelesslyaddictedtofent4266
      @imhopelesslyaddictedtofent4266 Год назад +1

      @@b1zzy1986 I just checked and right before the 2008 recession they were projecting strong growth. These forecasts are always wrong.

  • @sachin2842
    @sachin2842 Год назад +3

    USA should replace its relationship with uk and make India priority partner.

    • @azulaquaza4916
      @azulaquaza4916 Год назад

      Lol why cant we just be friends with both XD

  • @BioHazardCL4
    @BioHazardCL4 Год назад +20

    The UK has no energy independance, Russia and the US and Europe to some extent have energy independance. We need new sources of energy, Nuclear, Wind, Gas/Oil. From energy you can make everything else.

    • @VastKnowledge2023
      @VastKnowledge2023 Год назад +1

      There's no one cheaper than Russia for the Europeans.

    • @trevortaylor6634
      @trevortaylor6634 Год назад +4

      To many crack Potts living here walking around with green heads

    • @stevenhenry5267
      @stevenhenry5267 Год назад

      Right wing nonsense

    • @HS-sr9ww
      @HS-sr9ww Год назад

      we have Nuclear plantation building it now and South korea support this project. gas from Russia and Norway. Oil from UAE.

    • @tropics8407
      @tropics8407 Год назад

      Suppressing your own oil and gas industry, your power industry, your coal industry then importing same from other countries. Where is all that money going ? 💸 How can that work ?

  • @bastouneuroatypicmusic6885
    @bastouneuroatypicmusic6885 Год назад

    Im french. I like your way of making journalism.

  • @CoolDude911
    @CoolDude911 Год назад +14

    They printed too much during covid and this was combined with low output. The Bank of England needed to signal it was willing to raise interest rates and endure the political pressure from a recession if that occured. It seems reasonably sensible.

  • @chriskim7123
    @chriskim7123 Год назад +2

    BREXIT. Period.

  • @AkanshaPandey
    @AkanshaPandey Год назад

    Interesting but very brief

  • @david5667
    @david5667 Год назад +8

    When it comes to forecasting, the IMF is virtually always wrong to a large extent. Indeed, often they are spectacularly wrong as was the case with the financial crisis of 2007-2009. Why anyone ever bothers to listen is really baffling. They never admit mistakes and are clueless about forecasting any change in trend.

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад +8

    "I have a really hard time being neutral around issues of systemic oppression."

  • @saintblades
    @saintblades Год назад +4

    Yeah, we're screwed over here 🇬🇧

  • @jeycalc6877
    @jeycalc6877 Год назад +4

    laughs in Canada, its an absolute clown show here with trudeau running things

  • @jamespark3510
    @jamespark3510 Год назад +6

    I have no idea UK goverment passed brexit thinking they would be better off LOL, UK didnt have advantage over any other countries in terms of trade, the only thing they had going for them was ease of trade and cost savings by trading with their EU partners...

  • @mosesImmanuel-sc6zy
    @mosesImmanuel-sc6zy Год назад +1

    Wow amazing

  • @trevortaylor6634
    @trevortaylor6634 Год назад +7

    This government has torn this country to shreds there's nothing left just poverty and hardship for those that stay here

  • @jeshpost5216
    @jeshpost5216 Год назад +1

    As opposed to expectations, - the UK GDP has now grown by 0.3%

  • @williamkinkade2538
    @williamkinkade2538 Год назад

    I'm sorry this is happening in the UK you are a good people. You don't deserve this!

  • @Powerdawa
    @Powerdawa Год назад +3

    If we cut parliament's salaries in half we could subsidise a lot of these costs.

  • @Firedancer100
    @Firedancer100 Год назад +1

    This did not age well

  • @Gamma3
    @Gamma3 Год назад +2

    Short answer: Brexit

  • @Sammy.a1287
    @Sammy.a1287 Год назад +9

    How could there be no mention of Liz Truss literally tanking the economy???

    • @hisokamorow4416
      @hisokamorow4416 Год назад

      but the daily mail told me it was because Meghan Markle ate avocadoes!

  • @yongchen8204
    @yongchen8204 Год назад +2

    without EU and its own brexit strategy, UK economy is going to shrink by ay least 25% in the next 10 years.

  • @ryanrobinson521
    @ryanrobinson521 Год назад +3

    Well they did want to leave to EU so

  • @nickyd922
    @nickyd922 Год назад +2

    Blame Nigel Farage, Trump and Bannons UK mouthpiece

  • @cathryn4697
    @cathryn4697 Год назад +2

    Successful people don't become that way overnight. what most people see at a glace- wealth.a great career, purpose-is the result of hard work and hustle over time.I pray that anyone who reads this will be successful in life.

  • @anthonyferris8912
    @anthonyferris8912 Год назад +1

    And now we know it didn’t shrink, but was stronger than anticipated… So much for IMF forecasts. 🤣

  • @sharadjain2463
    @sharadjain2463 Год назад +1

    Wow very good, Scotland and Northern Ireland now should leave UK as soon as possible.

  • @PETE4955
    @PETE4955 Год назад +1

    Apparently, it's not going to shrink so: wrong.

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    Most people lack financial stability

  • @ipredictariot6371
    @ipredictariot6371 Год назад +24

    A deep pervasive problem in the UK is that too many depend on the government to fix their problems.. succeeding in the new knowledge company doesn’t work that way.

    • @WinTeRzZ47
      @WinTeRzZ47 Год назад

      All depend on gov but still don't want gov to change worker benefits

    • @dinoscheidt
      @dinoscheidt Год назад +3

      lol, more social-capitalist countries are running circles around the UK (hence more government involvement). But they don’t have thousands of Bugattis driving around in their capital city 🤷🏻‍♂️

    • @paxundpeace9970
      @paxundpeace9970 Год назад +4

      Not, really the issue is more that the government is giving away controll and responsibilities.
      While lacking spending and investment in education and society, health care.
      On the other hand tax cuts that are unfounded.

    • @ipredictariot6371
      @ipredictariot6371 Год назад

      @@dinoscheidt you wouldn’t be picking winners and comparing against economies with a greater abundance of natural resources would you?
      Or comparing against socialist governments where there is greater inequality between the top 1% and bottom 20%?

    • @souvikrc4499
      @souvikrc4499 Год назад +4

      Seems like the main problem in the UK is that they have spent years underinvesting in public services, making one bad political decision after another, culminating in Brexit

  • @pugscaniche7866
    @pugscaniche7866 Год назад +1

    So the UK has a 0% unemployment rate if so many jobs are not being filled 🤔 🙄 not the case, stop paying benefits and those jobs won't be vacant anymore

  • @directxxxx71
    @directxxxx71 Год назад

    The US oil industry made $200bn in profit, while jacking up prices for everyone including UK. It has nothing to do with Russian oil.

  • @metrictonnes8971
    @metrictonnes8971 Год назад +8

    Too many Nationals from mostly third countries who either have stayed in the UK after degrees or as migrants in search of a better future are trapped in this mess. The system have ripped them off of their savings thru either outrageous tuition or accommodation in anticipation of a better job but now this.

    • @Tedmason897
      @Tedmason897 Год назад +1

      And still infinitely better off than they would have been if they stay in their country of origin.
      The UK is gravy train for the whole world, you forget that pretty everything is always at the expense of the British native population and often to the benefit of foreign interests.

    • @thomaspalmer36
      @thomaspalmer36 Год назад

      @@Tedmason897 Agreed Rory. Non UK citizens can finish their degree and work elsewhere. UK students are more restricted post Brexit. UK is one of the easiest places in the world to buy property as a foreigner and arguably the dirty money laundromat of Europe. Public services are privatised to pay dividends to foreign owners, so yes, gravy train at the expense of the British native population sounds about right.

  • @carltonhouse1297
    @carltonhouse1297 Год назад +1

    High taxes and Brexit let many companies and banks move out of Uk . Every towns are poor with homeless in the city center. Britain is very poor only Royal families are rich in this country.

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад +2

    A lot more people would live in rural geographic areas if the government improved how they do public assistance and SSI which is Supplemental Security Income from the Social Security Administration

    • @rebekahwhite2939
      @rebekahwhite2939 Год назад

      I didn't have water for two days in the month of February 2023
      Recently which is about two weeks ago, no water in where I live for about two days

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад +2

    Most people who have employment also have to have public assistance and SSI which is Supplemental Security Income from the Social Security Administration because they don't earn enough from the employment.

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    Increase financial stability in communities

  • @sidkings
    @sidkings Год назад +10

    No mention of the housing sector? When millions come to remortgage this year and next, things will get even worse.
    Those high prices at the supermarket are unlikely to come down... The money supply has been expanded drastically after covid furlough scheme, high costs are here to stay.

    • @user-gz6tx6yp3v
      @user-gz6tx6yp3v Год назад +1

      My rate is going from 2.5% to 4.5%. That's F all. I used to pay 6%. It really isn't that bad lol.

  • @nirbhay_raghav
    @nirbhay_raghav Год назад +1

    Well, to be fair, they did enjoy centuries of wealth. The tide of time.

  • @joepopplewell680
    @joepopplewell680 Год назад +15

    DO SOMETHING ABOUT THE BOTS IN THESE COMMENTS, THIS IS SHAMEFUL. DISABLE COMMENTS IF YOU'RE NOT GOING TO MAKE THE SLIGHTEST EFFORT.

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    Economic reasons. The lack of financial resources is why

  • @rkr5106
    @rkr5106 Год назад

    You wanted to leave the EU - now deal w/the repercussions....

  • @bobandonevski7266
    @bobandonevski7266 Год назад

    The Bank of England printed £450bn during covid and we are expecting to tackle inflation easily now, what a joke. Nothing is for free

  • @tobia9630
    @tobia9630 Год назад +4

    almost like Brexit happened or something

  • @AchwaqKhalid
    @AchwaqKhalid Год назад

    *Where is the money?* WHERE IS IT 👀

  • @vishwas974
    @vishwas974 Год назад +1

    This is what happens when the tory government starts to flog dead horses like English nationalism and euroskepticism instead of focussing on its actual job - Governance!
    Having lived in UK for past 20 years it is heart breaking and Sad to see its slow decline in past 10 years and death of NHS and its social welfare system.
    All this due to a false promise of return to a Utopian glorious past aka Make Britain great again (MBGA) with Brexit

  • @jakkuwolfinsomnia8058
    @jakkuwolfinsomnia8058 Год назад +2

    Combination of factors in the UK, including:
    - Supporting Ukraine
    - Covid
    - Inflation
    - Brexit
    - Sanctions on Russia
    - Mass Immigration on Welfare system
    - Government incompetence

  • @maestrovso
    @maestrovso Год назад +4

    They didn't know they were voting for Breshrink. I am sorry for the Brits for the self-harm as UK is our best ally.

    • @maestrovso
      @maestrovso Год назад

      @camu camu Those are projection numbers. 2022 is in the past. For 2023 IMF projection for UK is a meager 0.3%

  • @stevebroadway7274
    @stevebroadway7274 Год назад

    Do remember having a service economy buying other countries products isn't really a good economic model

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    I love my mom, Carol Jones Springer
    My mom, Carol Jones Springer was and is an excellent mother

  • @kennethcarter4516
    @kennethcarter4516 Год назад +7

    United Kingdom is made of four countries primarily;
    1. England
    2. British occupied Scotland
    3. British occupied Northern Ireland
    4. British occupied Wales &
    5. British occupied Falklands, Virginia Islands and many other Islands on Pacific and Atlantic oceans.

    • @DanteNeverWaits
      @DanteNeverWaits Год назад

      England is the only part of the UK without a devolved parliament, they also bring in the most money (over a trillion than the next part of the UK). Cry more.

    • @rubencouso7497
      @rubencouso7497 Год назад +1

      Yeah, Basically that is!

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад +1

    Domestic violence occurs in a lot of marriages and families

  • @wangstick
    @wangstick Год назад +2

    Well done Anna we are all proud of you here in the youchube comments

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    If low-income affordable housing were available then I wouldn't have lived with John DeNigro from about October 2013 to December 2017. Economic reasons which are housing and food are why I was with John in October 2013 to December 2017. John DeNigro is a very kind-hearted man but I knew that he had children with two different women when I met him.

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    In New Hartford, NY a lot of the stores owned by larger corporations are being closed and are going out of business because no one has any money to buy stuff. Chuck E Cheese closed and went out of business. Pier 1 Imports is closed and went out of business. J.C. Penney is closing in New Hartford, NY. It is sad because the people who worked at these stores worked part-time and they did not make a lot of money working at these stores.

  • @htaukkyanmyo4437
    @htaukkyanmyo4437 Год назад +7

    UK has no money for her striking employees, but has money to throw at Zelensky.

    • @spruceg00se
      @spruceg00se Год назад

      Going to be honest I would rather have a lower wage then let Ruzzia kill Europeans in the thousands. Besides, a lot of our donations are from existing stockpiles that are there for the sole purpose of war

  • @adrianrouse5148
    @adrianrouse5148 Год назад +1

    Wall Street journal??? Will the USA meet its debt repayments in three weeks time. This uncertainty is affecting markets world wide. Look to your own problems. So many mistakes in this program.

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    Some people don't have electricity in where they live especially in rural geographic areas

  • @nithinkumar3839
    @nithinkumar3839 Год назад

    Yuan too!!

  • @bsame
    @bsame Год назад

    good

  • @ashlee2379
    @ashlee2379 Год назад

    Leaving the EU is one of the UK’s biggest mistakes

  • @EmpirEofEuropE2030
    @EmpirEofEuropE2030 Год назад +1

    UK is falling not England so only the separation of UK will make England back on track 🙂

  • @PeterXiao1
    @PeterXiao1 Год назад +1

    Brexit, energy cost rising, supply chain bottlenecks due to pandemic and deglobalization, Russian money flow cut due to Ukraine War, Chinese investors fled due to deteriorating business environment

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    Some people don't have heat in where they live especially in rural geographic areas

  • @bengardener8928
    @bengardener8928 11 месяцев назад

    Don't worry,, the state will keep growing in it's size, that's the important thing, right?

  • @user-wr4yl7tx3w
    @user-wr4yl7tx3w Год назад +4

    Blame Brexit

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    Some people don't have running water in where they live especially in rural geographic areas
    Running water is plumbing indoors and septic tanks and water wells for clean water

  • @rebekahwhite2939
    @rebekahwhite2939 Год назад

    My mom was born in the 1950's and I was not born until 1973 so these people who ask about my mom should talk to people who are above the age of sixty please