The UK Economy Has Crashed Into A Recession
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- Опубликовано: 14 фев 2024
- The UK Economy is officially in a recession after GDP fell in Q3 and Q4 of 2023.
Inflation in the UK is sticky and not going down while wage increases continue to be high.
Rishi Sunak, the rest of the UK Government, and the Bank of England are continuing to do nothing as the economy plunges further into the red.
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The trouble is dude I think they know EXACTLY what they're doing......
Getting the people desperate, so they'll be willingly conscripted into the military?
Yeah i have it as they are either doing all this intentionally from orders above OR just completely overwhelmed and covering up thier faliure. I wish it was the second but i dont think it is.
That would suggest intelligence, world view, big picture and personal, maybe even national upside on the long view. I wonder. With doubt.
Got their orders from WEF then Davos.
kal ergi plan
Rishi doesn't care, his family and their businesses are just fine, he'll just throw the economy over the fence to Labour.
That's probably what he means by economy doing well... for him.
@@NimbleBard48of course! He’s a multimillionaire married to a billionaire! He doesn’t give a flying f**k!
@@NimbleBard48 it's criminal when you look into it, the government are draining the UK
Just wait untill Labour get in and you find out they are the same but with a red tie , then you will be depressed
Labour will accelerate the crisis with more debt and more unwanted immigration, and more irrational international polices like Netzero, sanctions, lockdowns, that only make it worse.
British Gas operating profit increased TEN FOLD from £72m to £751m
Ofgem/Govt helped it pickpockets of captive customers.
People struggling to heat and eat, no curbs on profiteering, exec pay, dividends, and share buyback.
Yep - this bit is in the latter part of the video :)
Proving once and again that "regulators" are bullshit and do not help consumers at all
The tax take on the 10x larger profit is 10x bigger. Whats your problem? Firms with vast capital tied up need to make a good return otherwise all investors and the company itself may as well sell everything an put the money in a high interest bank account
The problem is they are charging sky high prices. I would rarther pay less and share the lack of tax throughout the economy than pay their shareholders you 🤡
But the tax take goes to an inefficient government who waste the money. This means we don't get good value from the increase in tax take. I would rather have the saving in my pocket because I can use the money way more efficiently than the government
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
See a financial advisor if you feel you need advice. I'm not saying you can't do it alone; financial advisors are far more knowledgeable and experienced in this field.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
She goes by ‘’Amber Dawn Brummit’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you for sharing, I must say, Melissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
It's mental when we are at a point where we may as well throw the data away as it's so warped by changes to calculations and definitions. It's bollocks.
My parents are Conservative supporters and we own small businesses and all of them are currently making record profits. Under Labour we were okay but under conservative we make more money than ever. We will continue to support them in 2024. I dont know why people hate them so much
@@ghosthdel3098 Given your post history on this channel, you appear to be just a troll that works in Lidl?
@ghosthdel3098 All these businesses you and your famiky own that are making record profits yet you also say you work in Lidl? I suspect you are a troll, because your passionate support for the tories would be delusional and short-sighted if it was true. Comedy gold mate 😂
I know, Russia and China would be proud.
No one who owns any businesses and making record profits will watch this video or this channel…
"I will grow the economy by going into a recession, i remain a master strategist"
-rishi sunak
😂😂😂
He can't do anything about it, the Bank of England has raised interest rates because they only have to stop inflation, they don't care about GDP.
The same way he will grow the Tory voter base by firstly losing all voters. Genious
@@infobeam1902 don't forget decreasing national debt by increasing spending and borrowing, truly a big brain move
Real eyecheck to barnard castle thinking
So let me see if I got this right. Energy companies have a trading arm under their umbrella which is allowed to trade the same commodities they sell to costumers, basically allowing them to pretty much "inside trade" since they know when to buy, for example, gas because they possess knowledge of when a spike in demand will happen, applying uppward pressure on the price, basically making money on the trade, making money by selling the gas to costumer, and all the while fucking over the consumer which will have to buy the gas at an artificially higher price because the gas company was intentionally trying to suck the consumers dry and get as much money as they possible could? All of this and they're even allowed to keep this on the hush hush? Fkn disgusting.
At the cost of sounding really stupid - can you explain like I'm a child? how does knowing when the demand will spike apply an upward pressure on the energy price? Trying to understand how does this pass the cost onto the consumer. (Sorry genuinely curious)
" ... 75% chance of an interest rate cut in June ..." The UK has a choice, rates stay the same, or £sterling drops off the cliff. The US isn't going to bring rates down any time soon, and the UK can't afford to drop rates while the US keeps its rates higher.
And yes! I'm enjoying being shafted by Shell Energy too.
"... and putting people in prison ..." You missed the bus on that by about fifteen years, they should have followed Iceland's example in 200909 and put the bankers in prison.
Absolutely right
The UK is saying it’s going to drop its rates in because the US FED has said repeatedly they have paused rate hikes and are seeing when they start cutting rates, however I agree with everything else you said. Gotta remember we’re at the mercy of the US economy also
Yes, correct. The UK also has a chronic resource misallocation problem as does most of Europe. This will cause higher inflation in the future due to simply not being able to produce things to keep up with demand, artificially low interest rates caused this misallocation and lots of businesses are going to have to go bankrupt, people lose their jobs, asset prices fall and the rate of return on business increase so that successful businesses are able to purchase assets to expand by reinvesting their revenues, only competing with others who also are productive enough to produce a return above the rate of non suppressed interest rates.
@@aod977 Yes they will always do the wrong things and cut interest rates and make things worse, before the markets force their hand again. Because to let them rise to the levels required, for long enough, will cause mass unemployment in unproductive areas before far better jobs replace them and living standards rise and no politician/ political party wants it to happen on their watch, because they will be blamed for the government not being able to meets it's obligations/ maintain the status quo without raising taxes massively.
@@bengardener8928 I share the same sentiment 100%, It’s going to be real interesting. Probably going to be the biggest generation of people leaving the UK to seek a better lifestyle
This goverment is the worst government in the history of the UK. Surely this must spell the end of the tories. Yes the world has had issues but we are doing so much worse then like for like economies, mismanaged
The government are just following orders from the WEF
You’d think, but then we will be stuck with a Starmer Labour government. Can’t imagine him being any better than Sunak!
@@arghjayem Whether it's Labour or Conservative it doesnt matter - they are just separate wings from the same bird
@@arghjayem So says every Tory bot as the election looms...
@@pauln6803 he's right though it is the same in the US the conservative party only serves to slightly slow the leftist agenda.
No one ever seems to mention the Government/Tax payer bail out of the these companies either. Whilst people were signing petitions not to pay their bills last year, the government came in with a bail out (not for us, but for the companies), giving most people in the UK money to give to these companies. Seriously I am devastated by the fact that everyone fell for this, we will be paying it off in taxes for years to come.
Yes!! It was just the gov giving tax payers money to their mates and making it sound like they were doing us all a favour ! We cut out gas ,now need more solar panels or a wind turbine .
Basically we are screwed
Sasha , you are the best economic commentator I have seen , thank you 🙏
@6:10 this is straight out of Blackadder. "Rishi" "Yes, what it is Jeremy?" "I have a cunning plan..."
Love how you break all this down for us and above all how u deliver it!
More corruption than incompetence I think!!!! Thanks for all your videos!
100%. People still thinking every single problem is just incompetence just a coincidence.
In all reality, the City has been performing reasonably but the rest of the country has been in recession for decades.
Because the city has very little to do with the UK economy and it hasn't for decades
The casino is making money. Every other business ( apart from escapism ) has been losing.
In fact escapism is the problem right across the Western world.
@@kippsguitar6539 It has everything to do with the economy. The City trades in assets which they acquire from stripping the country of its assets. They country gets poorer while they get richer.
YEAH WELL if people didnt just sit on their arses and fight back, this wouldn't be happening
When I saw the 'men' of this country wearing face nappies and queuing for their 2nd,3rd, 4th, 5, 6th and now 7th clot shot, I knew we were all doomed. 😩
That's been conditioned out of folks..
I totally agree,wish everyone would fight back
We need to all come together and stand against the system. I'm ready and waiting, but people just don't wake up to what's happening. We need to make a stand, they gonna take everything off us anyways so who cares. Stop paying bills stop spending on these one percent company's stop adding to the economy stop council tax road tax water TV gas electric if everyone did these sort of actions and went to the streets 1 month would collapse and kill the UK, but we just put up n shut up.
Too busy watching their favourite millionaire kick a ball
Just a thank you for enlightening people to this. Love your content and truth.
The energy companies should be ashamed of themselves. What the fuck is wrong with some people?
Greed.
Very informative data accompanied by useful explanations. Thank you Sasha. 👍
Sash did not hold back on this one loved it! Swear makes you way more interesting and trust worthy to watch literally one of my fav content creators!
Completely agree. How is the stock market going up all the time when main street is suffering. Energy bills are ridiculously high, food is high and mortgage rates are high. How people are surviving, I don't know.
This will be a colossal collapse when it happens.
The stock market is the front runner. 6-12 months ahead of "day to day" life. The US will have to start cutting rates this year (probably mid year) so that means games on. Liquidity will increase, rise all boats.
@@jimmywills why will have have to cut rates with high inflation? Does that not mean more inflation and more reckless borrowing?
@@fullstack5461Cutting rates to try and stimulate the economy. Remember wages are going up in order for people to pay their bills (higher interest rates) which is pushing up inflation. The US has less pressure to cut interest rates though, they have nice growth the stock market has a ton of money going into it so businesses are getting the investment they need. Also labour market is healthy there. Here it's a whole other problem, next to no growth, nobody invests money in the LSE especially with the 0.5% tax on every transaction and we have a labour problem with a big number of people not in work and not paying taxes. The economy here is totally toast. My family and I are emigrating to the US this year because of it. We are personally drowning in tax also.
@@sl0w_racer that makes sense. Thank you. Also UK no longer part of EU may make us more vulnerable
Sasha i dont think the UK government are doing anything because they're in on it. They all have shares or are getting brown envelopes of the energy companies and are making a packet.
Thanks Sasha for summary of what we are experiencing last years… finally numbers do not lie
Another great video Sasha. Thank you for the videos. Keep it up 👍
Spot on as usual Sasha 👌🏻
Pure class as always
A super video 🎉thank you for the facts and entertainment 👍
Love your videos mate great work really appreciate what you are doing
Wow! Now this was the best economic video I have seen on RUclips ever! 👏👏👏
Thank you!! Very kind!
Delightful as always mate 😂
bro i thought you said that there was gonna be a soft landing, no???, really appreciated an answer !, thanks and good video!
Well no one could have seen it coming
Absolute no way to see it!
So appreciate you sharing these things 🎉
Excellent analysis. Only one criticism...you missed the elephant in the room; the thing that is slowly killing the the UK economy...BREXIT! I just watched a financial report from CNBC on the global economy and the "B-word" was the first thing their analysts mentioned when they spoke about the UK recession. Japan has a problem with their demographic (too many old people) and UK has Brexit. Sure there are other factors too, but the fact that we have made it harder to do business with the largest trading block on our doorstep has us screwed.
Then whats the EU's excuse? They have major echonomies in resession, and absolutely terrible growth. Overlay a graph of EU growth against US growth, and you will see its MASSIVELY falling behind. Brexit hasnt helped but our problems are home grown and the problems we have now where problems we had when we where in the EU. Unfortunately the EU is no magic money tree, infact its quite the opposite. Did you watch the whoe video? Watch what was said about energy companies, non of which are impacted by Brexit.
Spot On Mate 😷
🙏
00:26 what he probably means is “me and my Tory mates have been making shedloads of cash betting against the U.K. economy and giving our friends multimillion pound government contracts that they don’t fulfil”
How would someone do short selling on an entire economy?
Not that the Tories aren't corrupt, but how would one do that?
respect you bro always enjoy your vids
Thank you!
I love ya mate don't change a thing absolutely brilliant
Fantastic analysis as ever Sasha delivered so soon after data publication. I just wish mainstream journalists would do such a deep dive into the data as you as more people need to understand the reality of the situation in our economy
Absolutely spot on
Thanks Sasha I fucking love your genius
haha, yes we've been fudging the numbers in the UK for aaaages. I would actually disagree that the GDP is a good metric tbh, i hear what you're saying, but it seems more a metric of how fast headless chickens go around and around in circles rather than how productive the country is or what value it produces. For example if someone dies it's great for the GDP because you've got undertakers, solicitors for the estate, probably estate agents to sell the properties if there are any etc etc etc, but when you think about it nothing's actually being manufactured. Nothing's actually being mined out of the ground, nothing is being innovated, nothing is being exported.
Agree - many years ago my bike was stolen so I raised GDP by buying a replacement, extra locks and alarms etc. So yes, some shopkeepers and manufacturer's benefited but hardly a viable measure of productivity.
@@roberthuntley1090 Yes that's another good example! Also the other thing is a while back UK added drug dealing and prostitution to the GDP hahaha.
tbf even massive organisations like the UN, world bank, IMF and so on agree that gdp is a poor measurement. Look into their "beyond GDP" metrics.
Because quite frankly it ignores so many things to be truly valuable, environmental impact, wealth distribution etc as we;; as being highly manipulatable through present events where all gdp growth is isolated in a sector where the increase in wealth is not felt by the population.
Unfortunately we are still yet to find an appropriate measure or series of measures that appropriately explains things in an understandable and concise way. At least is agreed upon to be a valid metric as we have many smaller ones that try to analyse each aspect.
Well done Sasha. That breakdown from 9 minutes on hit the nail on the head.
Stonking! The only truth on the internet 👍🙏
Good Data Analysis
Been looking forward to this video😂
Sorry it took me a while!
That’s a gem about the trading “arm” of centrica and them leaving those profits out to avoid “confusing” anyone😂
You're brilliant mate! You sharp, funny, hairy man!
Cheery start to my day. Thanks
glad to be of service! 😂
😢😢😢😢 in the north west where I Iive it's been in recession since before COVID , that's 4 years!!!!!
Btw GDP means nothing, what really matters is inflation adjusy median GD Income per capita and productivity
Well that was depressing
If all you say is true (and I have no reason to doubt it as I love your videos) - surely something can be done to fix all this mess?
Saw this on news, turned it off and waited for your video upload
I knew they were lying, debt, austerity, Brexit, covid and low productivity growth ensures that the economy will be terrible indefinitely and is more likely to get worse than get better
When I was in UK. I saw empty boarded up streets under a constant grey sky, litter everywhere.
Homeless people sleeping in doorways. A women with cat whiskers makeup casually walking into Tesco with her pajamas. Opioid addicts out of their mind and women so drunk they urinated on the streets.
It's a sad declined country.
Good description - you must have visited Brighton 😂
Love Sasha..tells it like it is!
Brilliant opinion once again Sasha, thanks.
🙏
lol....Legend Sasha.... Seriously...How to expose a government that uses financial kung fu to ruin YOU!!
he has terrible opinions, been saying we weren't going to have a recession and now look
@@user-db2kq7vr4pLook up the UK and US in a map. They are in fact on different continents.
Lol gold @@SashaYanshin
Great video, exposing the lies and incompetence of the politicians!!!
Love this financial channel. Really makes you realise how the economy actually is
Legend!👌
Yaay, we’ve been in recession for months
Spot on Sasha.
They taking the public for fools.
Love it, sarcasm overload 😂👍👌🙏👏👏👏👏👏
OMG the maths is killing me! 🤣
Cracking video Sasha!
Good morning 🙏 Sir ❤
Better than the last 2 vids Sasha. When it comes to UK economy, you're spot on
There is a thing in time series called 'seasonality'. Maybe they're referring to that when saying adjusted
Great video mate.
Something is going to kick off soon
Outdone yourself this time Sasha 😀😄
The truth at last...excellent Sasha...
OMFG, how can you make me laugh so hard at such depressing news? 🤣🤣🤣🤣
Sorry!!! 😂
Your sarcasm is 👏🏽 😂
Thank you Sasha … it’s a classic case of arrogance by the Politicians !!
✊well said.
fantastic content!
Great raw as they come
Good analysis
Spot on.
Bravo 👏
well presented 😅
The *nods head* "Absolutely killed it" made me lol far more than it should have.
There is no youtuber whose vidoes I am happier to click on
Thank you so much for the kind words!
So entertaining ❤
Thank you.
Go Sasha go!
The plan is going exactly to plan
Not for much longer 🙏
Legend!
Bravo!
Bravo Sasha
🙏
I was looking forward to this analysis. Cheers 👍
And here it is!
Awesome video Sasha. 😂😂😂
The FAAFO strategy. That needs to mentioned as often as possible.
Not just the predominant problem solving methodology in Westminster.
Hey Sasha. Yes I like your plain speaking reviews and insights into everything financial (and thank you) but what's your view on the Gary Economics view of how the market, house prices, general Econs will go? I would love to hear your take (whether you agree or disagree - not hoping for any kind of conflict at all. You both talk from good positions and am wondering if they truly overlap for greater confirmation).
Appreciate your work sir!
The FAFO bit was hilarious 🤣
Sasha rocks.
Love the dog ...
Just whisper to the dog. Shhhhhusssss. Works every time !!!!! Lol. Solid vid btw
Another brilliant rendition... its just such a shame the government makes it so easy.