It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
If you have 3 economists in a room you will get 3 completely divergent views on how to run a economy because economics is a not really a science subject, it's an Arts subject, The practitioners of this pseudo-science all have their own ideological baggage which forms their views on how to run an economy. Haldane was named as the forty-fourth most powerful Left-Wing figure by the New Statesman in 2023 which lets us know where he sits on the ideological spectrum. Is he correct in his views? Maybe he is and maybe he isn't. As Yogi Berra said: "It's tough to make predictions, especially about the future"
Preston claims our productivity is sooooo bad. The most basic of stats just do not back that up. UK labour productivity is on the G7 median average - being higher than Japan, Italy and Canada. Its above the EU and OECD average, and only margianlly below the Eurozone average. The productivity debate has become so warped by declinism. There are so many issues with the data and it really needs to be viewed in context. Country's like France may have higher productivity than Britain, but their unemployment rate has been two to three times higher than ours for decades. They've clearly regulated many low value added jobs out of existence, due to having a far less flexible labour market than ours. Is that a price worth paying - millions more on the dole in exchange for a few extra points on the productivity score board? Does it really make the country richer if those in work are more productive - but you have less of them?
@@surpriserakins9067 Well, the UK economy has been very similar to the France economy for a very long time. Similar population size, similar GDP and economy make up. That includes the financial services sector size, which particularly makes us similar. There isn't a country on the planet that is closer in these areas.
@@surpriserakins9067 French productivity has moved ahead of Germany on some measures. Are we seriously saying France is a more efficient economy than Germany in terms of capital allocation per worker? Its obvious that at least some of France's productivity success is due to it having generated less jobs due to its more regulated labour market. The productivity figures need to be viewed in context.
Right, because the private sector is going to build more water reservoirs, electrification of railways, upgrading the national grid, renovate crumbling schools and hospitals, build fiber optic line to even the most rural areas, build actual affordable housing, oh wait the private sector won't and they haven't because these don't have any or large profit margins. Alot of private investment is dependent on the state providing, and continually upgrading the infrastucture and skilled work force.
The whole idea of taxing fuel is to encourage people to walk, cycle and use public transport. I went to the UK recently and my train journey from the South to the North West cost me the same price as my flight to Italy. People seriously underestimate the cost of poor public transport on the economy, environment and social mobility and you can't push people already struggling into rip off public transport services poorly managed by the private sector. Peston's reaction to people not moving jobs is amusing because it seems a little obvious - people that see a poor economic outlook or who are struggling, do not tend to take risks.
I like Andrew Haldane but he's in cloud cuckoo land when he says we're close to Full Employment. Why is there so much economic insecurity, so many people destitute, so much homelessness if everyone's in work? A genuinely Full Employment economy does not have more food banks than McDonalds
How do you invest in skills - let’s say, education and human capital - by taxing the top achieving schools in the country? Levelling down doesn’t seem like a good recipe for success when it’s innovation and enterprise that will drive the economy, not higher salaries for train drivers.
Not much focus on the key issue, which is lack of growth and foreign investment. The easiest thing there is simply to go back into the EU and reverse the 4% loss of GDP we have had and halt the 20% plus friction costs in trade with the EU. Peston and the rest of the mainstream media need to keep on pushing labor for that. Lots of naval gazing but no spine from the media or the government. The vote would not pass now and the majority only gets higher every year when the boomers continue to roll off.
I seem to remember it took Japan 20yrs to pull out of their big depression. So it will be at least until 2028 that we remain stuck. Haldane thinks AI will transform things - but not until the Nat Grid is built out to reach all those distant wind farms! And we still have no idea how to harness all that warmth generated, then cooled and lost! This podcast will have lots to grumble on about…..
Robert on energy is a joke. He really only considering electricity - which is 20% total energy ( as in the whole net Zero debate ). Doesn,t it need energy ( ie power ) to run transport? Also AI! Completely ignored. But economists remain energy blind in that total energy demand is not factored into any economics debate. And who correlates ‘growth ‘ to increased energy demands?
Kwarteng and Truss were half right. One of the key roadblocks to growth in the UK is the OBR itself. It's ideologically captured by a highly conservative 'orthodox' view of Government spending that is peculiar to the UK and disregards the historic role that the government investment has on growth around the world. It is largely why the UK has been trapped in this timid austerity downward spiral for fourteen years. It's disregard for the positive effects of Reeve's investment was faintly absurd and largely fuelled the jitteriness of the markets and the onslaughts of the press barons. The OBR needs to be opened up to a much more diverse set of economic opinion. Same could be argued over the MPC of the BoE.
The podcast would come across as less biased if you stopped referring to senior ministers by their first names. Is the show just a mouth piece for the government? You only invite one kind of opinion onto your show. Why?
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
If you have 3 economists in a room you will get 3 completely divergent views on how to run a economy because economics is a not really a science subject, it's an Arts subject, The practitioners of this pseudo-science all have their own ideological baggage which forms their views on how to run an economy. Haldane was named as the forty-fourth most powerful Left-Wing figure by the New Statesman in 2023 which lets us know where he sits on the ideological spectrum. Is he correct in his views? Maybe he is and maybe he isn't. As Yogi Berra said: "It's tough to make predictions, especially about the future"
Last time we tried statism we ended up with British Coal, British Leyland, and Concorde. What cd possibly go wrong? 🤣🤣
Preston claims our productivity is sooooo bad. The most basic of stats just do not back that up. UK labour productivity is on the G7 median average - being higher than Japan, Italy and Canada. Its above the EU and OECD average, and only margianlly below the Eurozone average. The productivity debate has become so warped by declinism.
There are so many issues with the data and it really needs to be viewed in context. Country's like France may have higher productivity than Britain, but their unemployment rate has been two to three times higher than ours for decades. They've clearly regulated many low value added jobs out of existence, due to having a far less flexible labour market than ours. Is that a price worth paying - millions more on the dole in exchange for a few extra points on the productivity score board? Does it really make the country richer if those in work are more productive - but you have less of them?
Why compare us with France rather than Germany?
@@surpriserakins9067 Well, the UK economy has been very similar to the France economy for a very long time. Similar population size, similar GDP and economy make up. That includes the financial services sector size, which particularly makes us similar. There isn't a country on the planet that is closer in these areas.
@@surpriserakins9067 French productivity has moved ahead of Germany on some measures. Are we seriously saying France is a more efficient economy than Germany in terms of capital allocation per worker? Its obvious that at least some of France's productivity success is due to it having generated less jobs due to its more regulated labour market. The productivity figures need to be viewed in context.
Preston isn't very clever is he..😂
I didn't know that. Thanks for sharing that data. The doom-mongering really is getting a bit wearing
I am worried Preston was not relaxed enough. Can we get him a lazy boy so he can further sink into his chair?
There needs to be public investment but not by using the public sector to do it.
Right, because the private sector is going to build more water reservoirs, electrification of railways, upgrading the national grid, renovate crumbling schools and hospitals, build fiber optic line to even the most rural areas, build actual affordable housing, oh wait the private sector won't and they haven't because these don't have any or large profit margins. Alot of private investment is dependent on the state providing, and continually upgrading the infrastucture and skilled work force.
Sorry mate but who else is going to do it? As the comment below points out, the private sector's record is not good in this area
The whole idea of taxing fuel is to encourage people to walk, cycle and use public transport. I went to the UK recently and my train journey from the South to the North West cost me the same price as my flight to Italy. People seriously underestimate the cost of poor public transport on the economy, environment and social mobility and you can't push people already struggling into rip off public transport services poorly managed by the private sector. Peston's reaction to people not moving jobs is amusing because it seems a little obvious - people that see a poor economic outlook or who are struggling, do not tend to take risks.
Is Peston going for a run, having a snooze or choosing grandad nonchalance?
Just !
Needs high calibre work force and boosted infrastructure
I like Andrew Haldane but he's in cloud cuckoo land when he says we're close to Full Employment. Why is there so much economic insecurity, so many people destitute, so much homelessness if everyone's in work? A genuinely Full Employment economy does not have more food banks than McDonalds
Interesting comments from Andrew about debt forgiveness. Do Western countries have a tradition of debt jubilees?
How do you invest in skills - let’s say, education and human capital - by taxing the top achieving schools in the country? Levelling down doesn’t seem like a good recipe for success when it’s innovation and enterprise that will drive the economy, not higher salaries for train drivers.
Not much focus on the key issue, which is lack of growth and foreign investment. The easiest thing there is simply to go back into the EU and reverse the 4% loss of GDP we have had and halt the 20% plus friction costs in trade with the EU. Peston and the rest of the mainstream media need to keep on pushing labor for that. Lots of naval gazing but no spine from the media or the government. The vote would not pass now and the majority only gets higher every year when the boomers continue to roll off.
I seem to remember it took Japan 20yrs to pull out of their big depression. So it will be at least until 2028 that we remain stuck. Haldane thinks AI will transform things - but not until the Nat Grid is built out to reach all those distant wind farms! And we still have no idea how to harness all that warmth generated, then cooled and lost! This podcast will have lots to grumble on about…..
Robert on energy is a joke. He really only considering electricity - which is 20% total energy ( as in the whole net Zero debate ). Doesn,t it need energy ( ie power ) to run transport? Also AI! Completely ignored. But economists remain energy blind in that total energy demand is not factored into any economics debate. And who correlates ‘growth ‘ to increased energy demands?
Kwarteng and Truss were half right. One of the key roadblocks to growth in the UK is the OBR itself. It's ideologically captured by a highly conservative 'orthodox' view of Government spending that is peculiar to the UK and disregards the historic role that the government investment has on growth around the world. It is largely why the UK has been trapped in this timid austerity downward spiral for fourteen years. It's disregard for the positive effects of Reeve's investment was faintly absurd and largely fuelled the jitteriness of the markets and the onslaughts of the press barons. The OBR needs to be opened up to a much more diverse set of economic opinion. Same could be argued over the MPC of the BoE.
What’s going on with Andy Haldanes shirt? He’s like a 70s crooner in st tropez
Bumbling speaker, Peston
The podcast would come across as less biased if you stopped referring to senior ministers by their first names. Is the show just a mouth piece for the government? You only invite one kind of opinion onto your show. Why?