The UK needs people with the backbone to stand firm, the resolve to cut out the deadwood, and the wisdom to plant the oak trees that their grandchildren will thrive beneath.
It has far more to do with too heavy concentration of assets in too few hands, boomers wrecking the economy with Brexit, 14 years of dishonest, incompetent and corrupt Conservative rule, vested interests, a poisonous media environment, our inability to build infrastructure, employees not investing in peole or productivity, business owners paying themselves fortunes whilst exploiting their staff, the country being unnvestable because of Brexit and the decline of the economy. Fuck all to do with people standing firm. That's just the kind of bollocks papers like the Telegraph come out with. The country is a shithole.
That's true so it makes me question why the people in power have indebted the young, made education expensive, made homes unaffordable and made jobs increasingly difficult for less pay. They haven't planted any oak trees they've lined their own pockets at the expense of the young. Overall wages have not grown in Britain since 2007 whereas in the United States they have seen 15-20% wage growth across that same period. The wage growth they have had in the US has disproportionately gone to younger workers (aged less than 40) whereas in the UK, the weak income growth we have had has disproportionately gone to those who are over 40. If we look at consumption habits of different age cohorts, in the year 2000, younger people and older people (those entering retirement) spent about the same as each other per year. Now, older people spend about 15% more per year because their incomes have grown more strongly. The starting point at which young people begin their financial journeys is further away from the finish line than it was for the previous generation. This is not the way to run a democracy and it leads to the mass apathy we see today.
I'm a retiree living in UK and am giving serious consideration to moving to Russia which has just eased visa rules for those who wish to move there. I visited earlier this year and it was a real eye opener. No litter, no graffiti, no bad behaviour, no homeless, shops and supermarkets full stocked, much of it fresh produce, at reasonable pieces. Good, cheap reliable public transport. Cheap energy! Given the sanctions there are some challenges but there is no doubt in my mind that the quality of life there is now much higher than UK. The people are respectful and ready to help out if you need assistance. If you scan around YT you will find more and more westerners moving to Russia. I'm not saying it's perfect (where is?) but it's certainly worth consideration. I love my country (UK) and it grieves me to say this but I advise young people, in particular, to leave if they are able to do so.
I have just moved to Tenerife and the difference between the UK and here is light and day, literally and figuratively, get yourself over here and cheer up 🎉
@@keepitreal1547 Correct. UK Passport holder now need to apply for a working, (and eventual residency visa if they intend to stay). EU passport: turn up, start working but must register with local tax authorities after 30 days. Secondly, UK passport holders are not allowed to work in any capacity (unless a work permit is issued) and can now only spend a maximum of 180 days per calendar year there (or any other EU country). One of the many "benefits" of Brexit.
The UK is actually the cheapest country to live in out of Western Europe & Anglosphere countries if you live outside of London/Bristol & the southeast. If you want to see truly eye-watering prices for housing & in supermarkets look at Ireland & The Netherlands, even Germany has significantly higher prices than the UK. As for The USA, Canada, Australia & NZ prices for everything are totally insane compared to the UK with only slightly higher wages. There are plenty of places in the UK where you can live significantly cheaper than in ANY of the countries I have mentioned above. You can buy a 3 bed detached house in nice parts of Northern England for way less than £300k. Or if you are just starting out you can buy a 2 bed house in the north for under £120K. Let's get some perspective here.
Nonsense. It entirely depends on where you live & work in the UK. The North/South divide is now greater/ bigger than it was before. So much for that "Northern Powerhouse" that successive governments having been banging on about. Cancellation of HS2, housing prices rising at record levels, wages not keeping up in any part of the country and personal and business taxation at a 75 year high along with inflation rising again. Not to mention record energy prices. They rose by 69% in less than 2 years and yet in France they rose (maximum) by 8.9%. The median salary in the UK according to the government is £33k a year. Not a lot of wiggle room when you've paid for: mortgage/rent, utilities (gas/electric), council tax, food, clothing etc. - God forbid you have kids - then you're rightly screwed. The upcoming budget also means that small businesses up and down the country are going to be absolutely trounced. Want to earn more: no problem, we're taking 45% of it. Want to run a small business: no problem, we'll have our business rates please, along with you making sure that if you want to do business outside of the UK, you'll have a mountain of paperwork to fill in - ohh… and by the way, want to leave something for you kids: no problem - we'll take another 40% off you on money that you've already paid tax on. Want to make a profit: no problem: that'll be another 24% please - again on money you've already paid tax on.
@@stuartmcloughlin Rents, food prices, petrol prices everything is cheaper up north yet the minimum wage is exactly the same. Everyone who talks about the north south divide always fails to point that out. The cost of living is much lower up north compared to where I live down south yet I get minimum wage at the same rate as people up north.
@@stuartmcloughlin I live in a small town in Northern England, I work in a warehouse doing nights, my take-home pay is around £2300-£2600 depending on the overtime I get. I saved £36K over 18 months a few years back & used it as a deposit for a £90K flat, I pay £560 in mortgage payments per month & have about £1300 left after bills which I intend to use to pay off my flat in a few years time. In my town, there are currently 40+ flats & houses for sale for under £120K & you can rent a 2 bed house here for around £650/£750 all bills included. Within 40 min drive from here, there are plenty of jobs in warehousing/logistics. I fell like I am doing pretty well & I didn't even need any qualifications to get this job.
Loved everything you said except the bit about Nigel farrage. Have you bothered to listen to him in detail ie not the media sound bites that are designed to trash him on behalf of the uni party? He is the voice of common sense
@@harry-xo7ue my issue with Farage is that he can say or do anything he wants. Most fall for it hook line and sinker. The guys a charlatan - and not a very good one either. Yes he’ll win more votes and seats at the next GE but that’s more to do with a first past the post system rather than actual voting percentages. Clearly they did well in the last GE but I suspect this was more of a “punishment” vote against the last government rather than any kind of thought process. Their manifesto is complete fantasy - and as said, they can say anything they like in a manifesto. Much like all previous government in history.
I don't trust Farage at all. I'd vote for him, because there are no alternatives, but he is still part of the club, otherwise he wouldn't be in the public eye.
@@Sonya_Makepeace You're not alone. As said, I suspect a lot of votes that were originally destined to go to the Conservatives, made their way to Reform simply as a "punishment" for the complete failure of a Conservative government. There is no real option for change here as the UK is essentially a two party system. (Labour & Conservatives) - and even now, Labour are turning out to be worse than I ever thought possible.
@@stuartmcloughlin Australia is worse. We are on 328k a year and have a mortgage. No overseas holiday in 25 years. Australia is beyond rooted unless you bought houses for six cartons of beer in the 1970s.
@@SK-yb7bx lived 6 years in NZ and kiwis just drifting to OZ for contracts and going back home to buy that home, which is same unaffordable dystopia as OZ. I miss NZ vibes but it’s impossible to afford living there… and since flying got expensive too I don’t see a point of going so far away…
It's the cost of living and the never ending bad news and downward spiral. I'm not racist but I'm fed up of the rate of change and feeling like I've been displaced. The influx has made lower end job market very competitive and that has a knock on effect from the ground up. When I was 17, I could walk into a job in a warehouse or something similar. And you'd make friends, you'd go to the pub after or out at weekends and be in the job a long time because there wasn't 1500 Eastern Europeans (and now Africans and Afghans etc) waiting to fill your job the moment the employer fancies firing you for the slightest thing or just because they didn't like the look of you Now theyre all recruited through agencies apparently who often advertise the jobs abroad first, especially when we were in the EU. Any young Brit that gets a job in a manufacturing or warehouse job will be working with people who only speak to and associate with their own. They will spend their week working in silence and they won't make the lifelong friends like I did. Now the young can't get a foot in the door, so they just play computer games. No wonder they don't want to do anything. It's trashed. It's ruined from the ground up The country has turned into a dark room with no windows, it feels like. The mood and life is as bleak as the weather. I think we're all going to have to A: stick together, and I MEAN stick together and B: we're going to have to force change. Regarding nurses: The average wage for a registered nurse in the US is £56,000 compared to the UK's £27,000.
I am East European living in London for 20 years and I feel sorry for this country. Where I live it's 90% Indians and rest Muslim. Trush everywhere and crime. I am scared here for my children.
@marienovotna4115 It's a shame. Just 50 years ago London was really different. Such a huge change in only 50 years is really worrying. It will be twice as bad in only 25 years. I live in a small, quiet village in the North of England. For years I saw this happening to places like London and Manchester, but nothing changed in my village. But one day, literally overnight, I began seeing lots of people from Africa, Afghanistan, Syria etc. A few weeks ago, we had the first stabbing that EVER happened in the village. On my street there were two empty houses. They were in a bad condition. But one day, a crew of people arrived and started to repair them. They repaired EVERYTHING. Then I saw furniture being moved in. Nice sofa, HUGE television, American style fridge freezer. About a month later, in one house, there arrived 6 guys. Iraqis and a Kurd, and in the other house, 5 Sudanese. This was a couple of years ago now. They have really quite nice cars that they park in front of other people's houses. The bins are overflowing and all the front of the houses that were made nice for them before they moved in, are now ugly. The weeds are overgrown and there's trash in the street. Stuff they've broken. Those two houses were given to them because a man owned them both and the council asked if they could house asylum seekers in them and he agreed. None of them work. And they have nothing to do with us. They arrived, they never introduced themselves, they don't talk - no one knows anything about them. Everything we know came from the company that renovated the houses for them to move into. There was only 21 people living on my quiet street and that increased by 50% in ONE day by people who have arrived from cultures totally alien to ours. Obviously this has happened all over the village which is why suddenly it changed so much. It's unfair. We didn't ask for it. We weren't consulted. But we have to live with the consequences. I often think about moving to Eastern European countries that have maintained their cultural identity. I don't care if I will earn less money or whether the winters are really bad. I want to live somewhere where the people are still like me, that have similar values and religious beliefs (or none - just anything but the M people) . Poland looks amazing these days. I own my own house. I am almost finished university in medical field. I will seriously think about selling my house, finding a job there and moving. I wish you safety while you're here. And if you can get out and go somewhere better, please do.
Thanks for the video. It was a well infomed, straight to the point explanation. As a child of the 70s and 80s i can't fathom how this country has descended into so much poverty and hardship. The rolling 90s of the Manchester music scene etc and the enthusiasm for the future has been lost. Breaks my heart.
Of the developed countries in the western world, UK is by far in the worst position. The coming decades will be rough and critical. You are really lucky to have an Irish passport.
I have just started a job based in Saudi, in year 1 I will be UK based, year 2 onwards I am going to live outside of the UK. What you have seen of this Labour Party should send shudders through your spine, not the tax or freebies but the incompetence, not getting the facts correct being so loose with language they lose billions with cancelled investment. The cabinet are parish councillors at best, people are taxed to the max, there is simply no money left. Labour will attack business in the mimi budget, they will relocate to business friendly countries, youth unemployment in 2027 will be up to 40 percent. The Uk has had its day and it’s a slow decline, every day the country gets weaker. Saudi has a plan, it’s willing to invest, it’s acquiring the best minds in the world and there is no union needed. If you can leave the UK you should 🎉
And go where? Ex pats are leaving Thailand because prices are climbing and Brits are getting spat on in Spain! Ireland is worse! €1000 for a small house (rent)
"We're living in a dystopia..." What's weird is that some people don't see this, everything is wonderful, economy is great, no problems at all lol...The politicians don't even need to gaslight
100% agree..The political class has run amock in the UK and remained unchecked. The British public can only blame themselves as I believe you get what you vote for. The UK is like a run away train with no driver or destination..Glad I left..could see coming a mile away while residing there.
You're not wrong. Even local services are completely banjaxed. Want an NHS dentist: good luck with that. Want a GP appointment: good luck finding one within 3 weeks.
Ultimately, at the end of the day we've allowed them to run amock. We seem to have a subservient mindset towards the posh speaking and political classes. We need passion and fire like the Argentinians and the Spanish, even the French. We've spent too long shying away from action just to retain some creature comforts like watching the match with a few beers. But they're coming for that. They want the shirts off our backs.
Well said, the so called 'elite' haven't got a clue how to run an economy.We have gone from Empire to laughing stock in 80 short years .The UK is finished.
If I was younger and could cope with learning another language I would opt for one of the ex USSR countries ie Hungary Poland etc they are both christian countries and are not allowing all of this immigration from non christian parts of the world it would be simpler to opt for an English speaking country but I am afraid that almost all of them have gone down the WOKE road like us in the UK good luck with your search and I hope it works out well for you.
Would highly suggest Thailand or Loas don't buy just rent Trust me just rent phenomenal value compared to blighty electricity water refuse all very affordable, food if you don't eat imported western foods ridiculously cheep , travel costs almost free . Blighty has fallen face first off a cliff to hell
@@billifair very few have the same opportunity to move post Brexit. Thankfully I still have my Irish passport so not an issue for Europe. I’ve also just spoken with a company in Australia (as of Friday last) and that’s a very real possibility for 2025. If the skills are in demand, most companies will sponsor you accordingly.
@@stuartmcloughlin Exactly Stuart. Brexit has really made things much more difficult in many ways, especially so, the the freedom to travel & move to a European Country. It's also made it so for many thousands of Brits, that pre Brexit were enjoying living in European Countries. Freedom to travel, next freedom to speak 😮 For you, your Irish Passport is a godsend & one that many Brits would love to have.
Haha they will probably come after you for anti establishment talk. I will be honest with you, with the exception of a few areas in Britain, the entire country is a waste of time. Where I live is still quite a nice area (blue area in SE ldn) For the most part, it's filthy, dirty, overrun with criminals and narcotics, NHS and police are basically social workers mostly. I like the fire brigade. The only people who actually have money to spend are those living at home creating a generation of dependent adult-kids. I spoke to my brother who is 18. He said to md 'i just cannot see any pull factors to live here and only push'. Get out while you still can.
@@keepitreal1547 indeed - very lucky. All Good for EU but won’t make a difference further afield. I’m heading out to Bulgaria in November for a week to look at some property near Varna.
For those of you tracking the energy prices in the UK, and the so called "energy crisis" - there is no energy crisis. Simply a greed crisis. Every single energy company in the UK has recorded record profits and we're all paying for it. Bigtime! www.endfuelpoverty.org.uk/news/energy-firm-profits-tracker/
Well I suppose we can always take heart in subsidising the French energy bills. Brexit means Brexit and apparently Global Britain is open for business again....the strap lines get ever more comical by the day.
Apparently current status of working people in UK is 30 million, highest ever. That's a social success story: all those workers willing to tow the line so if you're a govt. & you still can't balance the national books/use that recourse well then its on you & not the drones buzzing away.
Yes, but working at what? If most of those workers are low-skilled, low-pay service sector workers, then there's your problem. They are never going to be paying in enough tax to keep the country afloat.
Even the 30 million means there are about 37-38 million not working , ok it includes children , elderly, unemployed, sick, unpaid carers, students, homeless
Try getting a work visa in Europe on a UK passport post Brexit. Good luck to you. You no longer have an automatic right to work there and people that own property there can now only stay a maximum of 90 days at a time or 180 days per calendar year. You're not allowed to work in any capacity without a working visa and each country is different. Not to mention that if you buy anything from Europe you're now subject to local VAT, duty and import fees. Great for small businesses up and down the country ehh?
Well my friend, are you sure you're in England? You would have the same speach in Portugal. Most of Europe is going through that. I'm looking at Poland myself but I'll look at Bulgaria as well. Wish you the best of luck! We all are gonna need it. Thanks for the video.
Lived in France for 17 years never regretted a minute. And I would recommend it . I know the French get a bad press but in my opinion it’s way out in front of the debacle that is the current situation in the uk.
Me too. Bought a house in 2002, move here permanently 3 weeks before Brexit vote. Yes France has its problems...but (and it's a big but) housing is affordable. We live in a 400 year old timber framed cottage with more than acre of land. Open views, lovely countryside. We can grow our own organic food. We have loads of options we could never afford in the UK. Our 'council tax' is 350 euros a year. Fuel costs are much much lower than in the UK. And then factor in a much better health service. At 67 I know the Brit Government sees me as a useless eater and wants me dead. If I went to a NHS hospital I think they'd want me dead too. (Do not resusitate, anyone?) I doubt I'd have a chance of getting an appointment at a dentist. The health service is the major reason I don't return at my age....even though we are both fit. That, and having to exchange our lovely home for an over-priced shoebox, of course.
@@lechatel I wouldn’t go back at all , I’m a single 77 year old female. With friends English and French . I’ve just been to get some provisions and, as a single person I don’t buy huge amounts but today i paid 11 € for 3 lots of veg, cake, bread, milk and a few other things! I read the other day that electricity is coming down 10% very soon. What’s not to 👍 ❤️
You're very lucky. At the height of the energy crisis here, prices rose by 61%. In France, the biggest rise was 8.2%. Reason: most energy production in France is state owned or state majority shareholder. Here in the UK we have the daft position of EDF (a French company) charging obscene amounts of money for gas & electricity and using the profits made in the UK to offset French energy users. I suspect if they tried to do the same in France, the country would come to a standstill almost immediately. It's the same with most of the rail companies here in UK - mostly now foreign owned and profits used to subsidise public transport in their respective countries.
@@stuartmcloughlin Part of the reason for your sky-high electricity prices over there, is because you a). buy ours via the interconnector, and b). deliberately destroyed all your coal fired stations, without already having an alternative infrastructure in place.
I am off to Thailand as soon as I retire. This government I believe despises people who are successful and pay 40% Tax I don't blame them for leaving the country. We welcome illegal immigrants and people who have invested in this country are leaving on Mass. Which then only leaves the rest of us to pay more and more tax. I am off ASAP.
I’m 36yo Field Service Engineer with solid 7years experience + Bachelor’s Degree. Literally cannot find work which pays more than 48k in London! That’s £2,600 after tax for me! I can’t even think of renting a place and having a family!
Mate, I feel for you. I really do. You're basically going to be living from pay day to payday. My advice is to find somewhere outside of London. I'm somewhat fortunate that my role is remotely based 99.99% so can work from anywhere remotely too and also have unrestricted work rights in Europe. Bulgaria for me is looking very likely. I'm heading out there in November to look at some properties. Cost of living there is literally one third of what it is in the UK but it's all relative - ohh and the maximum rate of income tax there: 10% but again you'd need to consider what you could earn locally. Language barrier is also a consideration however I wouldn't let that put you off. Needs must.
Stu what a great video and I completely agree! The UK is just far too expensive these days. Of course this can be said about most countries in the "west", however the UK is unique in that salaries have no where kept up with inflation, and the high taxes do not result in benefits that we are promised. I would just like to add that for the UK, there are a number of other ongoing problems, which others would experience. The UK is one of the most expensive countries in the world to have children related to child-care costs. If you want to send your children to private schools, it is expensive and will be more expensive now due to the VAT that these schools have to pay. As well, university fees will increase to arounf 12,500 per year, which increases with interest every year, once you finish your degree and with this budget it feels as they will increase taxes on pensions, also inheritence tax and NI for employers (meaning there is less incentive to give employees pay rises). I agree completely with what you say and wish you all success!
Energy costs in the uk are insane , in peak winter earlier this year we were paying over 300 a month for leccy and gas , plus tax and food costs , it was running on a treadmill to stay still
You hit the nail on the head. The mid range of money for working has collapsed over time. The problem is minimum wage and CEO wages are coming from the middle. Things like IT has collapsed because successive governments have kept a flood of immigrants and letting companies export the previously well paid jobs out to India and other places.
The average CEO pay in the UK amounts to just over 3,500 times more than some employees will get. As an example, a company I used to work for has just paid their CEO $38.8m and a further $9.8m in “bonuses”. The average employee salary there was less than £30k per annum.
Can't afford to live in the US these days. I don't want a lease and likely won't have a regular US address anymore. Have been working seasonal jobs in national parks for part of the year, then spending months at a time living cheaply overseas
Very good summing up. I think in the unlikely event Reform were voted in not much would change - as you say, easy to spout nonsense when you're in opposition and don't actually have to do anything. I can relate my situation: I was not enjoying life in the UK at all and left for Thailand in 2003. I subsequently moved on to Malaysia, and then Philippines, which became my second home in 2011. I've split time between UK and Philippines, working remotely, and occasionally locally. It's worked well, and I've never regretted that move back in 2003 - Thailand unplugged me from The Matrix. However, we've reached an inflection point in the UK with the potential targeting of pensions, ISAa, and basically anyone who has any money. We are thinking of rebasing away from UK - and are also considering IoM as a new base. I also have an Irish passport, so we are additionally considering Holland and Denmark - yes, taxes are high, but you actually get something for your money. As an avid cyclist I am quite taken with Holland - very vibrant social life there too. Much to consider and let's see what the budget brings!
@@CaldonianDude indeed. Denmark is a definite contender for me too. Higher taxes there BUT public services work and generally a much better standard of living all round. At least you won’t be waiting 6 weeks to see a GP!
Interested to know if you have always been tax resident in UK during your travels around South East Asia? I can see why the targeting of pensions and ISAs would potentially force you to now reconsider your plans. I'm considering moving to Philippines (wife and kids are British/Filipino dual nationals) and becoming tax resident there. There may then be some potential to get cash in my private pensions (SIPPs) out of the UK and reinvested elsewhere. Swapping the ever more dreary UK for something like BGC or Boracay is appearing to become a no-brainer, especially after October 30th. I considered Malaysia also, but their MM2H program asks for quite a lot and appears they are changing their taxation regime too. Or would you consider rebasing in IoM for pension and investment purposes and just travelling to South East Asia to be a better option? Cheers.
@@silversurfer6758 yes, I was tax-resident in UK for most of my travels, as I was mostly a remote worker. I did some contract work too through a UK umbrella company. If I was to rewind and do it again I may well do things differently, for example, set up a limited company in Dubai, and do the contracting work through that company. Not sure though. Yes, MM2H was a very attractive option 20 years ago - they have ruined it - it was way more successful than they thought it would be, and then they got greedy IMHO. Yes, we (me and filipina wife of 17 years) would not move to Philippines full time. I also would not buy property there, or move much of my money there for various reasons. But BGC is amazing isn't it. I can't think of anywhere like that in the UK. It always amazing me when I go out to MoA too, during the week, and see so many people having fun in the evening - in UK everything is closed and downright miserable. I think the most likely option for us will be to rebase somewhere else, and spend part of the year in PHP. As I mentioned previously, I don't mind paying tax if I get great services and infrastructure. I'm not worried too much about my SiPP because I took the tax-free lump sum, and any draw down would be taxed at basic rate (because I would immediately stop working and join the ranks of the "economically inactive"). I'm more worried about the GIA, although it's possible to tax harvest despite the pitiful allowance (let's hope they don't lower it!). I think they will target IHT and maybe dividends, which may affect pensions by the back door. Let's see...
@@CaldonianDude Thanks for your insights. It sounds like you have had an interesting life to date. Well done! I was planning on enjoying the tax benefits of SIPPs and ISAs and travelling back and forth to Asia (and elsewhere) during retirement, hopefully being able to leave something to the children too at the end of it all. Like you, I don't mind paying some tax for something in return and seeing it being used wisely for 'the greater good' but they just appear to want so much more for so much less. I'm grateful for being able to get to the position I'm now in, being born in UK being large contributing factor, but it doesn't own me and I have to investigate and consider all options for myself and family. I have noticed that something like a BGC, MoA or rollercoasters inside malls is rarely (if ever) promoted on the TV when portraying South East Asia; it's usually something like a Tondo. I wonder why? Fingers crossed for the fiasco at the end of this month. I hope they wake up and see some sense.
It's not about that. It's about having a system that is fair & equitable. Some countries are far better than others. The Nordic countries have a higher tax rate but a far better standard of life, healthcare and general public services. If you told any of their governments that old people would be left on trolleys in a hospital for days, or that a cancer patient would have to wait months for treatment, or that a waiting list for NHS services has topped 7m people they'd have you committed. (Along with taking that local authority responsible to court - as has happened on many occasions in Denmark & Norway). If it happened here, every local authority would be in court for the next 150 years.
I’m sure the really really rich wouldn’t be too happy with more taxes…. just as you aren’t with 40%. This world is going down the plug hole…. My advice is to put as much time as you can into the really important things (general advice, not saying you haven’t) because any material things or money can quickly be lost. It’s not beyond belief now as this world keeps reaching new lows at a fast rate.
Basically, the very wealthy can afford a 1% tax on their assets. That 1% would be the equivalent of about 2-3 weeks worth of interest that they get if that money was in a bank. Secondly, no one is saying that the rich don't pay tax - of course they do - the problem is that they don't pay anywhere near even the mandated rate of tax in the UK. Just look at big corporations: almost none have paid the mandated corporate tax rate and yet a small business will be taken to court over a £300 tax bill (which happened here in Bristol to a good friend of mine). I've no issue paying tax as long as it's enforced equally. Employees don't get the option to "negotiate" what they owe as it's taken at source. Why should big corporations or individuals be allowed to?
Yes indeed - but wages have on the whole stayed in line with inflation. People here in the UK in some cases have effectively taken 15-20% pay cuts yet prices increase. Inflation has fallen - albeit back to where it was but prices are still going north. I spent just over a year working in Australia and I agree - property is expensive but it's relative unlike here in the UK where it's gone completely insane.
Spain likes its tax cut even more than the UK...you will get better weather though. Best low cost good quality of life option is Thailand if you are over 50 and retiring (too far away for many brits though who still want/need to be connected to the UK).
Always remember you have to sell the house first before you can plan to move. In this country in its present state, your plans to sell the house may not happen.
They're selling like hot cakes, especially the more "affordable" housing. I paid 37k for a two bed victorian end terrace in a little semi rural village on the west Yorkshire border. Modernised it a bit, and just had it valued at 109k, 10 years later. Had 3 offers already. Holding out as I need every penny to escape this country.
@@garethjohnstone8662 I live in an area with properties worth upwards of £250k for victorian semi's and houses nearby(100 metres) are £1 million plus. So they are fairly slow at selling at the moment. Might be down to owners not willing to sell for anything less than valuation.
A lot of what you say is also true of many other countries. Some more so, some less so. I hear the same complaints about house prices in the USA, Canada, Australia and Ireland. As regards cheaper cost of living countries like Bulgaria, I think they are still cheaper because they have yet to begin the costly transition to Net Zero. When they have to shutdown their coal and oil burning power stations, their cost of living is going to soar. The UK is 10 years ahead in this respect. Most European countries are suffering the same demographic shift towards the elderly and funding them through higher taxes is going to be an issue across Europe. Illegal migration is also not limited to the UK. The Irish are complaining about it, so are the French, Italians and Germans. But at least your Irish passport provides you with more options to relocate. Living close to national borders gives you the flexibility to live in a lower income tax country but shop in a neighbouring country with lower sales taxes.
What is your criticism of Nigel Farage getting into power? Are you saying we shouldn't judge him by what he is saying today or what he has said in the past but rather by some other criteria that you didn't identify?
Thank you for sharing. I agree but it's strange to me that you would not even give Nigel a chance to prove himself when there clearly are no other alternatives. Personally I think the whole democratic system is a sham but Nigel is the only one who has consistently been talking about these things as a priority, whether it be housing, immigration etc.
NF can say anything likes in opposition but when he's questioned on how this would be financed he closes up. Much the same as the rest of his MPs that have nothing but fantasy economics. I'll admit that some of his polices do make sense at first glance, but the more you actually delve into how these policies would be enacted, you realise that most of them are completely unworkable both from a financial perspective and manpower one.
@@stuartmcloughlin I agree, NF is nothing but bluff. He has enjoyed the limelight of being seen as a spokesman but he is NOT a sincere representative of people and ..he is not a leader..he has used the entire scenario as a career and lived off that. He is not a saviour..he's a blagger and has blagged his way through everything. Once he gets a whiff of actual responsibility and leadership his backbone whithers.And I really wish people would see that.
@@MelliaBoomBot Spot on - and the moment he got to power he'd bottle it. Much like he did after the Brexit referendum. The so called "leader" of UKIP couldn't handle the fact that people were calling him out on his BS. Left. Decides to come back a few years later because he got a boatload of cash. Anything else is hearsay.
The Wealth Tax in Spain is an annual tax (which is banded), payable on the total net value of your assets held on 31st December. It amounts to: €167,129 or above: 0.20%. €334,253 or above: 0.30%. €668,500 or above: 0.50%. €1,337,000 or above: 0.90%. €2,673,999 or above: 1.30%. €5,347,998 or above: 1.70%. Up to €10,695,996: 2.10%. Anything above €10,695,996: 2.50%
@@stuartmcloughlin their will be 2 class groups the poor and the aristocracy, middle class and even working classes are going to diminish, only divine intervention is our hope
Maybe try going back to northern ireland? Good you can still go to europe if you need to get out altogether. Some of this crap is going on in the usa too. God bless.
I'm from the Republic of Ireland. N. Ireland is still part of the UK and still has the same tax regulations as the rest of the UK. The Republic of Ireland has an even higher income tax threshold range so that's not really an option either.
@@stuartmcloughlin thanks pal. I have been wanting to go since what they did to us in COVID. Next year will be my chance to go. It will only get worse. Thankfully I’m a single guy in my 30s. I have a lot of money saved up already ready to leave and not look back.
@@nitehawk9270 I completely agree mate. I have quite a few friends that live in Thailand and Cambodia. All without hesitation say it’s the best move they’ve ever made (especially Thailand)
@@stuartmcloughlin yeah I went to Thailand by myself at 15 for 8 weeks. Great place. Cheap as long as you eat local food. Had Thai food tonight. Uncle just bought an apartment over there. My mother owned one over there for a time. Friend owns a house there outright 2 stories. But can't afford a deposit in Australia.
The only people now moving West for better life are from 3rd world countries. The standards of living in the UK are shocking now. Low wage economy with astronomical prices and failing public services. 40 yo only being able to afford HMOs. Modern day slavery.
It certainly does. I just feel sorry for the younger generation off British kids growing up that will never have the opportunity to move freely with work without visas throughout almost every part of Europe. It's almost as if a right of passage has been taken away by a bunch of old farts that will all be dead in a few decades.
@@stuartmcloughlin The those assets become devalued and money would flow out the country faster than it does already and investing in this country would be pointless.
@@Scatup nonsense. That argument has been used for years and bears no semblance to the reality of the situation. Assets are already taxable. You pay it every month in the form of council tax at a local level. There's entire swathes of the country that are privately owned simply as a tax dodge. For example, Kensington and Chelsea in London: almost every high end home is vacant there. Simply an asset. Like I said, you tax the asset - not the individual.
I have a sneaky suspicion that a lot of these vloggers moaning about the UK, of which there are plenty now, making these kinds of Utube videos: Well a lot were probably looking for an excuse to leave the UK and live in Countries they we're planning on going to, regardless. People have been moaning about the UK for as long as I can remember, and this is nothing new. You're going to find all these same problems, and even worse in other Countries. But if you want to travel to these other Countries and have the means to do so, then just do it. Most of those that do it are pensioners, choosing to live in warmer climates. I've spent many years traveling, And I can tell you there are loads and loads of Brits in Thailand. And all throughout southeast Asia, who've been there for as long as I can remember. This is nothing new.
It's really different now, post CvD19. It's never been this bad in the last 25+ years. There was a recession in 2008, but there wasn't a massive price spike like this time. The quality of life is bad. The job market and the economy are terrible this year. Lack of income and huge bills to pay. Economic and mental depression. It is very difficult to uproot, sell everything and move if you're a bit older. You're right, all Western countries have similar problems, but if I had a remote job I wouldn't hesitate to move somewhere with low costs of living. There is no future in the UK. Since 2008 it's been getting worse and they've completely tanked the economy with CvD19 measures. There's no light at the end of the tunnel in the UK, even messaging from the government is doom and gloom.
@@user-Wojciech Spot on. To put a bit of perspective on this: Because of inflation and slow growth in general in the UK, people earning the so called "median income" of £33k per annum have effectively taken a 15% pay cut over the past 10 year. (and I personally know many people earning well under this amount!). Most people working in the UK will never see a pay rise (in general) above 3% per annum. Occasionally it might be more (junior doctors, train drivers etc) but generally speaking it's about 3%. We had inflation in the UK running in double digits for over 18 months and it's only relatively recently that it's back to some semblance of normality but still higher than the Bank of Englands stated 2% target (It's presently running at 2.89%). So effectively this means if someone gets a "pay rise" of 3%, this is just over £990 based on a £33k salary however it effectively means that after inflation (and tax!) is taken into consideration, it actually amounts to less than £200. (People are paying nearly double that in daily standing charges now for gas and electricity per annum - and that's before you use a single unit of gas or electricity)
@@stuartmcloughlin I've had some well paying jobs in the UK. I used to work in IT, things looked very good for me, but then Brexit came and there was a downturn in the market, wages went down. The government introduced new high tax IR-35 for the self-employed in 2017/2018 and made the take home pay shrunk a lot and killed the UK IT job MARKET. Also, a lot of cheap IT workers came from India. You can make better money now working in IT in Eastern Europe. The country has become a low wage economy with high costs of living, especially since the current recession/stagnation kicked in. There is no disposable income. The official inflation figures are a complete lie.
India Pakistan bangladesh Sri Lanka Maldives Afghanistan and Iran is the same ethnicity same people before rishi patel and sadik there was elvis Presley Charlie Chaplin and freddy mercury who the english speaking world worshipped those three 😂😂😂
"I can state with assurance that the last generation of white children is now being born." -- *Rabbi Emanuel Rabinovtch* Before a special meeting of the emergency council of European Rabbis in Budapest, Hungary, 12 January, 1952. "My concern is doing away with whiteness. There can be no more white race." -- *Professor Noel Ignatiev* (1940-2019).
@@MP-mr8rj not my experience. In fact it’s about 30% cheaper if outside the main cities and property is (on average) 30-40% cheaper. (My aunt has lived there for over 30 years)
Not in my experiance either “ possibly for the pensioners in there rentals living on there uk pensions are struggling “ I would just say to anyone keep something even if it’s a studio apartment in your home country’s before moving anywhere .
I'm also from the UK. Paid 40% tax. Just put my house up for sale.smamortgage. the country has collapsed. We cannot afford to live. This is like Victorian times however at least we were British. Now we are WOKE more like broke
Follow up video here: ua-cam.com/video/UljZhGp6fdI/v-deo.html
I'm 37 and moved to Thailand. I will never go back to the UK if I don't need to
The UK needs people with the backbone to stand firm, the resolve to cut out the deadwood, and the wisdom to plant the oak trees that their grandchildren will thrive beneath.
It has far more to do with too heavy concentration of assets in too few hands, boomers wrecking the economy with Brexit, 14 years of dishonest, incompetent and corrupt Conservative rule, vested interests, a poisonous media environment, our inability to build infrastructure, employees not investing in peole or productivity, business owners paying themselves fortunes whilst exploiting their staff, the country being unnvestable because of Brexit and the decline of the economy. Fuck all to do with people standing firm. That's just the kind of bollocks papers like the Telegraph come out with. The country is a shithole.
That's true so it makes me question why the people in power have indebted the young, made education expensive, made homes unaffordable and made jobs increasingly difficult for less pay. They haven't planted any oak trees they've lined their own pockets at the expense of the young.
Overall wages have not grown in Britain since 2007 whereas in the United States they have seen 15-20% wage growth across that same period. The wage growth they have had in the US has disproportionately gone to younger workers (aged less than 40) whereas in the UK, the weak income growth we have had has disproportionately gone to those who are over 40.
If we look at consumption habits of different age cohorts, in the year 2000, younger people and older people (those entering retirement) spent about the same as each other per year. Now, older people spend about 15% more per year because their incomes have grown more strongly.
The starting point at which young people begin their financial journeys is further away from the finish line than it was for the previous generation. This is not the way to run a democracy and it leads to the mass apathy we see today.
Clearly he is no oak lol more of a sycamore
I'm a retiree living in UK and am giving serious consideration to moving to Russia which has just eased visa rules for those who wish to move there.
I visited earlier this year and it was a real eye opener. No litter, no graffiti, no bad behaviour, no homeless, shops and supermarkets full stocked, much of it fresh produce, at reasonable pieces. Good, cheap reliable public transport. Cheap energy! Given the sanctions there are some challenges but there is no doubt in my mind that the quality of life there is now much higher than UK. The people are respectful and ready to help out if you need assistance.
If you scan around YT you will find more and more westerners moving to Russia. I'm not saying it's perfect (where is?) but it's certainly worth consideration.
I love my country (UK) and it grieves me to say this but I advise young people, in particular, to leave if they are able to do so.
I have just moved to Tenerife and the difference between the UK and here is light and day, literally and figuratively, get yourself over here and cheer up 🎉
I hear & read it's not straight forward since Brexit, if British?
Any jobs
@@keepitreal1547 Correct. UK Passport holder now need to apply for a working, (and eventual residency visa if they intend to stay). EU passport: turn up, start working but must register with local tax authorities after 30 days. Secondly, UK passport holders are not allowed to work in any capacity (unless a work permit is issued) and can now only spend a maximum of 180 days per calendar year there (or any other EU country). One of the many "benefits" of Brexit.
The UK is actually the cheapest country to live in out of Western Europe & Anglosphere countries if you live outside of London/Bristol & the southeast. If you want to see truly eye-watering prices for housing & in supermarkets look at Ireland & The Netherlands, even Germany has significantly higher prices than the UK. As for The USA, Canada, Australia & NZ prices for everything are totally insane compared to the UK with only slightly higher wages.
There are plenty of places in the UK where you can live significantly cheaper than in ANY of the countries I have mentioned above. You can buy a 3 bed detached house in nice parts of Northern England for way less than £300k. Or if you are just starting out you can buy a 2 bed house in the north for under £120K.
Let's get some perspective here.
Nonsense. It entirely depends on where you live & work in the UK. The North/South divide is now greater/ bigger than it was before. So much for that "Northern Powerhouse" that successive governments having been banging on about. Cancellation of HS2, housing prices rising at record levels, wages not keeping up in any part of the country and personal and business taxation at a 75 year high along with inflation rising again. Not to mention record energy prices. They rose by 69% in less than 2 years and yet in France they rose (maximum) by 8.9%. The median salary in the UK according to the government is £33k a year. Not a lot of wiggle room when you've paid for: mortgage/rent, utilities (gas/electric), council tax, food, clothing etc. - God forbid you have kids - then you're rightly screwed.
The upcoming budget also means that small businesses up and down the country are going to be absolutely trounced. Want to earn more: no problem, we're taking 45% of it. Want to run a small business: no problem, we'll have our business rates please, along with you making sure that if you want to do business outside of the UK, you'll have a mountain of paperwork to fill in - ohh… and by the way, want to leave something for you kids: no problem - we'll take another 40% off you on money that you've already paid tax on. Want to make a profit: no problem: that'll be another 24% please - again on money you've already paid tax on.
@@stuartmcloughlin Rents, food prices, petrol prices everything is cheaper up north yet the minimum wage is exactly the same. Everyone who talks about the north south divide always fails to point that out. The cost of living is much lower up north compared to where I live down south yet I get minimum wage at the same rate as people up north.
@@stuartmcloughlin I live in a small town in Northern England, I work in a warehouse doing nights, my take-home pay is around £2300-£2600 depending on the overtime I get. I saved £36K over 18 months a few years back & used it as a deposit for a £90K flat, I pay £560 in mortgage payments per month & have about £1300 left after bills which I intend to use to pay off my flat in a few years time.
In my town, there are currently 40+ flats & houses for sale for under £120K & you can rent a 2 bed house here for around £650/£750 all bills included. Within 40 min drive from here, there are plenty of jobs in warehousing/logistics.
I fell like I am doing pretty well & I didn't even need any qualifications to get this job.
@@AA-Crow I'm glad you did okay. Too many doom-sayers around at the moment.
Wtf it's not the c h eap est it's a complete s c am
We moved to Bulgaria a year ago and love it here!
I'll be there in November! :-)
@@stuartmcloughlin give me a shout if you need any advice etc
Loved everything you said except the bit about Nigel farrage. Have you bothered to listen to him in detail ie not the media sound bites that are designed to trash him on behalf of the uni party? He is the voice of common sense
He's a snake, didn't take long for him to turn on Tommy the moment it suited him. I agree with this man, Nigel is dangerous if in power.
Don't be a fool, he's no different than the rest. The only thing he's concerned about is lining his pockets before he exits the stage.
@@harry-xo7ue my issue with Farage is that he can say or do anything he wants. Most fall for it hook line and sinker. The guys a charlatan - and not a very good one either. Yes he’ll win more votes and seats at the next GE but that’s more to do with a first past the post system rather than actual voting percentages. Clearly they did well in the last GE but I suspect this was more of a “punishment” vote against the last government rather than any kind of thought process. Their manifesto is complete fantasy - and as said, they can say anything they like in a manifesto. Much like all previous government in history.
I don't trust Farage at all. I'd vote for him, because there are no alternatives, but he is still part of the club, otherwise he wouldn't be in the public eye.
@@Sonya_Makepeace You're not alone. As said, I suspect a lot of votes that were originally destined to go to the Conservatives, made their way to Reform simply as a "punishment" for the complete failure of a Conservative government. There is no real option for change here as the UK is essentially a two party system. (Labour & Conservatives) - and even now, Labour are turning out to be worse than I ever thought possible.
From what I'm hearing, Australia isn't in a good place either.
Cost of living is high but would be entirely dependant on wages so relatively speaking it may be cheaper.
@@stuartmcloughlin Rent and housing there is beyond a joke, they're that high.
@@stuartmcloughlin Australia is worse. We are on 328k a year and have a mortgage. No overseas holiday in 25 years. Australia is beyond rooted unless you bought houses for six cartons of beer in the 1970s.
@@SK-yb7bx lived 6 years in NZ and kiwis just drifting to OZ for contracts and going back home to buy that home, which is same unaffordable dystopia as OZ. I miss NZ vibes but it’s impossible to afford living there… and since flying got expensive too I don’t see a point of going so far away…
Everybody that can or has the means to get out of the UK is leaving.
It's the cost of living and the never ending bad news and downward spiral.
I'm not racist but I'm fed up of the rate of change and feeling like I've been displaced.
The influx has made lower end job market very competitive and that has a knock on effect from the ground up.
When I was 17, I could walk into a job in a warehouse or something similar. And you'd make friends, you'd go to the pub after or out at weekends and be in the job a long time because there wasn't 1500 Eastern Europeans (and now Africans and Afghans etc) waiting to fill your job the moment the employer fancies firing you for the slightest thing or just because they didn't like the look of you
Now theyre all recruited through agencies apparently who often advertise the jobs abroad first, especially when we were in the EU. Any young Brit that gets a job in a manufacturing or warehouse job will be working with people who only speak to and associate with their own. They will spend their week working in silence and they won't make the lifelong friends like I did.
Now the young can't get a foot in the door, so they just play computer games. No wonder they don't want to do anything.
It's trashed. It's ruined from the ground up
The country has turned into a dark room with no windows, it feels like. The mood and life is as bleak as the weather.
I think we're all going to have to A: stick together, and I MEAN stick together and B: we're going to have to force change.
Regarding nurses: The average wage for a registered nurse in the US is £56,000 compared to the UK's £27,000.
It's being done deliberately imo
Yeah they all stick together which is why we have to stick together or we will be victimised. The R word is just a buzzword to silence people.
Have any of you heard of the whef without the H? Therein lies the problem you are all complaining about.
I am East European living in London for 20 years and I feel sorry for this country. Where I live it's 90% Indians and rest Muslim. Trush everywhere and crime. I am scared here for my children.
@marienovotna4115 It's a shame. Just 50 years ago London was really different. Such a huge change in only 50 years is really worrying. It will be twice as bad in only 25 years.
I live in a small, quiet village in the North of England. For years I saw this happening to places like London and Manchester, but nothing changed in my village.
But one day, literally overnight, I began seeing lots of people from Africa, Afghanistan, Syria etc.
A few weeks ago, we had the first stabbing that EVER happened in the village.
On my street there were two empty houses. They were in a bad condition. But one day, a crew of people arrived and started to repair them. They repaired EVERYTHING. Then I saw furniture being moved in. Nice sofa, HUGE television, American style fridge freezer.
About a month later, in one house, there arrived 6 guys. Iraqis and a Kurd, and in the other house, 5 Sudanese.
This was a couple of years ago now.
They have really quite nice cars that they park in front of other people's houses. The bins are overflowing and all the front of the houses that were made nice for them before they moved in, are now ugly. The weeds are overgrown and there's trash in the street. Stuff they've broken.
Those two houses were given to them because a man owned them both and the council asked if they could house asylum seekers in them and he agreed.
None of them work. And they have nothing to do with us. They arrived, they never introduced themselves, they don't talk - no one knows anything about them. Everything we know came from the company that renovated the houses for them to move into.
There was only 21 people living on my quiet street and that increased by 50% in ONE day by people who have arrived from cultures totally alien to ours.
Obviously this has happened all over the village which is why suddenly it changed so much. It's unfair. We didn't ask for it. We weren't consulted. But we have to live with the consequences.
I often think about moving to Eastern European countries that have maintained their cultural identity. I don't care if I will earn less money or whether the winters are really bad. I want to live somewhere where the people are still like me, that have similar values and religious beliefs (or none - just anything but the M people) .
Poland looks amazing these days.
I own my own house. I am almost finished university in medical field. I will seriously think about selling my house, finding a job there and moving.
I wish you safety while you're here. And if you can get out and go somewhere better, please do.
Thanks for the video. It was a well infomed, straight to the point explanation. As a child of the 70s and 80s i can't fathom how this country has descended into so much poverty and hardship. The rolling 90s of the Manchester music scene etc and the enthusiasm for the future has been lost. Breaks my heart.
Of the developed countries in the western world, UK is by far in the worst position. The coming decades will be rough and critical.
You are really lucky to have an Irish passport.
France is ready to explode. Belgium is afloat because of EU money. For Germany the future just does not add up.
You can still move to Ireland as an English citizen for five years to get an EU passport. That's what I'm planning to do.
I have just started a job based in Saudi, in year 1 I will be UK based, year 2 onwards I am going to live outside of the UK. What you have seen of this Labour Party should send shudders through your spine, not the tax or freebies but the incompetence, not getting the facts correct being so loose with language they lose billions with cancelled investment. The cabinet are parish councillors at best, people are taxed to the max, there is simply no money left. Labour will attack business in the mimi budget, they will relocate to business friendly countries, youth unemployment in 2027 will be up to 40 percent. The Uk has had its day and it’s a slow decline, every day the country gets weaker. Saudi has a plan, it’s willing to invest, it’s acquiring the best minds in the world and there is no union needed. If you can leave the UK you should 🎉
And go where? Ex pats are leaving Thailand because prices are climbing and Brits are getting spat on in Spain! Ireland is worse! €1000 for a small house (rent)
good job I’m not a Brit then I suppose.
"We're living in a dystopia..." What's weird is that some people don't see this, everything is wonderful, economy is great, no problems at all lol...The politicians don't even need to gaslight
That's scary but 💯 true what you just said
@@ooo-w7q5x Right?! It's like living in the twilight zone surrounded by pod people lol
You summed up the situation perfectly 👌🏼
100% agree..The political class has run amock in the UK and remained unchecked. The British public can only blame themselves as I believe you get what you vote for. The UK is like a run away train with no driver or destination..Glad I left..could see coming a mile away while residing there.
You're not wrong. Even local services are completely banjaxed. Want an NHS dentist: good luck with that. Want a GP appointment: good luck finding one within 3 weeks.
Ultimately, at the end of the day we've allowed them to run amock.
We seem to have a subservient mindset towards the posh speaking and political classes.
We need passion and fire like the Argentinians and the Spanish, even the French.
We've spent too long shying away from action just to retain some creature comforts like watching the match with a few beers.
But they're coming for that. They want the shirts off our backs.
Well said, the so called 'elite' haven't got a clue how to run an economy.We have gone from Empire to laughing stock in 80 short years .The UK is finished.
If I was younger and could cope with learning another language I would opt for one of the ex USSR countries ie Hungary Poland etc they are both christian countries and are not allowing all of this immigration from non christian parts of the world it would be simpler to opt for an English speaking country but I am afraid that almost all of them have gone down the WOKE road like us in the UK good luck with your search and I hope it works out well for you.
Would highly suggest Thailand or Loas don't buy just rent Trust me just rent phenomenal value compared to blighty electricity water refuse all very affordable, food if you don't eat imported western foods ridiculously cheep , travel costs almost free . Blighty has fallen face first off a cliff to hell
@@CasaCalling thanks mate. Yes it is a very serious consideration. I already have a number of friends that live there very happily.
Lots thinking about moving--very few will.
@@billifair very few have the same opportunity to move post Brexit. Thankfully I still have my Irish passport so not an issue for Europe. I’ve also just spoken with a company in Australia (as of Friday last) and that’s a very real possibility for 2025. If the skills are in demand, most companies will sponsor you accordingly.
@@stuartmcloughlin
Exactly Stuart.
Brexit has really made things much more difficult in many ways, especially so, the the freedom to travel & move to a European Country.
It's also made it so for many thousands of Brits, that pre Brexit were enjoying living in European Countries.
Freedom to travel, next freedom to speak 😮
For you, your Irish Passport is a godsend & one that many Brits would love to have.
@keepitreal1547 convid did it
@@ooo-w7q5x
I've no idea what you're talking about.
Haha they will probably come after you for anti establishment talk. I will be honest with you, with the exception of a few areas in Britain, the entire country is a waste of time. Where I live is still quite a nice area (blue area in SE ldn)
For the most part, it's filthy, dirty, overrun with criminals and narcotics, NHS and police are basically social workers mostly. I like the fire brigade.
The only people who actually have money to spend are those living at home creating a generation of dependent adult-kids.
I spoke to my brother who is 18. He said to md 'i just cannot see any pull factors to live here and only push'.
Get out while you still can.
UK is finished. Get out if you can.
Where to?
@@haroonhussain259I'm telling you most immigrants are moving to the UK and they are going to get robbed
In your position with an Irish passport, it's a no brainer, if I was you i'd be gone asap.
@@keepitreal1547 indeed - very lucky. All
Good for EU but won’t make a difference further afield. I’m heading out to Bulgaria in November for a week to look at some property near Varna.
@@stuartmcloughlin
Great to hear Stuart, the future is bright, the future is out of the UK.
Wish I could, but will be doing so ASAP.
For those of you tracking the energy prices in the UK, and the so called "energy crisis" - there is no energy crisis. Simply a greed crisis. Every single energy company in the UK has recorded record profits and we're all paying for it. Bigtime! www.endfuelpoverty.org.uk/news/energy-firm-profits-tracker/
Well I suppose we can always take heart in subsidising the French energy bills. Brexit means Brexit and apparently Global Britain is open for business again....the strap lines get ever more comical by the day.
Absolute spot on
Apparently current status of working people in UK is 30 million, highest ever. That's a social success story: all those workers willing to tow the line so if you're a govt. & you still can't balance the national books/use that recourse well then its on you & not the drones buzzing away.
Yes, but working at what? If most of those workers are low-skilled, low-pay service sector workers, then there's your problem. They are never going to be paying in enough tax to keep the country afloat.
Even the 30 million means there are about 37-38 million not working , ok it includes children , elderly, unemployed, sick, unpaid carers, students, homeless
Flipping brexit has stuck me here.
Sounds like an excuse to me. Where there’s the will, there’s always a way….
Try getting a work visa in Europe on a UK passport post Brexit. Good luck to you. You no longer have an automatic right to work there and people that own property there can now only stay a maximum of 90 days at a time or 180 days per calendar year. You're not allowed to work in any capacity without a working visa and each country is different. Not to mention that if you buy anything from Europe you're now subject to local VAT, duty and import fees. Great for small businesses up and down the country ehh?
Well my friend, are you sure you're in England? You would have the same speach in Portugal. Most of Europe is going through that. I'm looking at Poland myself but I'll look at Bulgaria as well. Wish you the best of luck! We all are gonna need it. Thanks for the video.
If you are going to move, might at as well move to the southern hemisphere. Cheers from Poland.
@@leszekwolkowski9856 Thank you.
Lived in France for 17 years never regretted a minute. And I would recommend it . I know the French get a bad press but in my opinion it’s way out in front of the debacle that is the current situation in the uk.
I still live in France, and have done since 2007. I generally agree with your comment.
Me too. Bought a house in 2002, move here permanently 3 weeks before Brexit vote. Yes France has its problems...but (and it's a big but) housing is affordable. We live in a 400 year old timber framed cottage with more than acre of land. Open views, lovely countryside. We can grow our own organic food. We have loads of options we could never afford in the UK. Our 'council tax' is 350 euros a year. Fuel costs are much much lower than in the UK. And then factor in a much better health service. At 67 I know the Brit Government sees me as a useless eater and wants me dead. If I went to a NHS hospital I think they'd want me dead too. (Do not resusitate, anyone?) I doubt I'd have a chance of getting an appointment at a dentist. The health service is the major reason I don't return at my age....even though we are both fit. That, and having to exchange our lovely home for an over-priced shoebox, of course.
@@lechatel I wouldn’t go back at all , I’m a single 77 year old female. With friends English and French . I’ve just been to get some provisions and, as a single person I don’t buy huge amounts but today i paid 11 € for 3 lots of veg, cake, bread, milk and a few other things! I read the other day that electricity is coming down 10% very soon. What’s not to 👍 ❤️
You're very lucky. At the height of the energy crisis here, prices rose by 61%. In France, the biggest rise was 8.2%. Reason: most energy production in France is state owned or state majority shareholder. Here in the UK we have the daft position of EDF (a French company) charging obscene amounts of money for gas & electricity and using the profits made in the UK to offset French energy users. I suspect if they tried to do the same in France, the country would come to a standstill almost immediately. It's the same with most of the rail companies here in UK - mostly now foreign owned and profits used to subsidise public transport in their respective countries.
@@stuartmcloughlin Part of the reason for your sky-high electricity prices over there, is because you a). buy ours via the interconnector, and b). deliberately destroyed all your coal fired stations, without already having an alternative infrastructure in place.
I am off to Thailand as soon as I retire. This government I believe despises people who are successful and pay 40% Tax I don't blame them for leaving the country. We welcome illegal immigrants and people who have invested in this country are leaving on Mass. Which then only leaves the rest of us to pay more and more tax. I am off ASAP.
I’m 36yo Field Service Engineer with solid 7years experience + Bachelor’s Degree. Literally cannot find work which pays more than 48k in London! That’s £2,600 after tax for me! I can’t even think of renting a place and having a family!
Mate, I feel for you. I really do. You're basically going to be living from pay day to payday. My advice is to find somewhere outside of London. I'm somewhat fortunate that my role is remotely based 99.99% so can work from anywhere remotely too and also have unrestricted work rights in Europe. Bulgaria for me is looking very likely. I'm heading out there in November to look at some properties. Cost of living there is literally one third of what it is in the UK but it's all relative - ohh and the maximum rate of income tax there: 10% but again you'd need to consider what you could earn locally. Language barrier is also a consideration however I wouldn't let that put you off. Needs must.
France has one of the highest income taxes in the world, but looks much more inviting. how do i gat a long stay visa for France?
Accurate on all accounts!
Stu what a great video and I completely agree! The UK is just far too expensive these days. Of course this can be said about most countries in the "west", however the UK is unique in that salaries have no where kept up with inflation, and the high taxes do not result in benefits that we are promised. I would just like to add that for the UK, there are a number of other ongoing problems, which others would experience. The UK is one of the most expensive countries in the world to have children related to child-care costs. If you want to send your children to private schools, it is expensive and will be more expensive now due to the VAT that these schools have to pay. As well, university fees will increase to arounf 12,500 per year, which increases with interest every year, once you finish your degree and with this budget it feels as they will increase taxes on pensions, also inheritence tax and NI for employers (meaning there is less incentive to give employees pay rises). I agree completely with what you say and wish you all success!
Energy costs in the uk are insane , in peak winter earlier this year we were paying over 300 a month for leccy and gas , plus tax and food costs , it was running on a treadmill to stay still
You hit the nail on the head. The mid range of money for working has collapsed over time. The problem is minimum wage and CEO wages are coming from the middle. Things like IT has collapsed because successive governments have kept a flood of immigrants and letting companies export the previously well paid jobs out to India and other places.
The average CEO pay in the UK amounts to just over 3,500 times more than some employees will get. As an example, a company I used to work for has just paid their CEO $38.8m and a further $9.8m in “bonuses”. The average employee salary there was less than £30k per annum.
good to think about leaving. Acting on it, actual leaving,...well
That's the million dollar question. It's a huge move to make.
Can't afford to live in the US these days. I don't want a lease and likely won't have a regular US address anymore. Have been working seasonal jobs in national parks for part of the year, then spending months at a time living cheaply overseas
You don’t want to be paying $1000 a month on health insurance a month in the U.S to find out your not covered if unfortunately you get sick ,
Very good summing up. I think in the unlikely event Reform were voted in not much would change - as you say, easy to spout nonsense when you're in opposition and don't actually have to do anything. I can relate my situation: I was not enjoying life in the UK at all and left for Thailand in 2003. I subsequently moved on to Malaysia, and then Philippines, which became my second home in 2011. I've split time between UK and Philippines, working remotely, and occasionally locally. It's worked well, and I've never regretted that move back in 2003 - Thailand unplugged me from The Matrix. However, we've reached an inflection point in the UK with the potential targeting of pensions, ISAa, and basically anyone who has any money. We are thinking of rebasing away from UK - and are also considering IoM as a new base. I also have an Irish passport, so we are additionally considering Holland and Denmark - yes, taxes are high, but you actually get something for your money. As an avid cyclist I am quite taken with Holland - very vibrant social life there too. Much to consider and let's see what the budget brings!
@@CaldonianDude indeed. Denmark is a definite contender for me too. Higher taxes there BUT public services work and generally a much better standard of living all round. At least you won’t be waiting 6 weeks to see a GP!
@@stuartmcloughlin yes, generally a great quality of life there too...
Interested to know if you have always been tax resident in UK during your travels around South East Asia? I can see why the targeting of pensions and ISAs would potentially force you to now reconsider your plans. I'm considering moving to Philippines (wife and kids are British/Filipino dual nationals) and becoming tax resident there. There may then be some potential to get cash in my private pensions (SIPPs) out of the UK and reinvested elsewhere. Swapping the ever more dreary UK for something like BGC or Boracay is appearing to become a no-brainer, especially after October 30th. I considered Malaysia also, but their MM2H program asks for quite a lot and appears they are changing their taxation regime too. Or would you consider rebasing in IoM for pension and investment purposes and just travelling to South East Asia to be a better option? Cheers.
@@silversurfer6758 yes, I was tax-resident in UK for most of my travels, as I was mostly a remote worker. I did some contract work too through a UK umbrella company. If I was to rewind and do it again I may well do things differently, for example, set up a limited company in Dubai, and do the contracting work through that company. Not sure though. Yes, MM2H was a very attractive option 20 years ago - they have ruined it - it was way more successful than they thought it would be, and then they got greedy IMHO. Yes, we (me and filipina wife of 17 years) would not move to Philippines full time. I also would not buy property there, or move much of my money there for various reasons. But BGC is amazing isn't it. I can't think of anywhere like that in the UK. It always amazing me when I go out to MoA too, during the week, and see so many people having fun in the evening - in UK everything is closed and downright miserable. I think the most likely option for us will be to rebase somewhere else, and spend part of the year in PHP. As I mentioned previously, I don't mind paying tax if I get great services and infrastructure. I'm not worried too much about my SiPP because I took the tax-free lump sum, and any draw down would be taxed at basic rate (because I would immediately stop working and join the ranks of the "economically inactive"). I'm more worried about the GIA, although it's possible to tax harvest despite the pitiful allowance (let's hope they don't lower it!). I think they will target IHT and maybe dividends, which may affect pensions by the back door. Let's see...
@@CaldonianDude Thanks for your insights. It sounds like you have had an interesting life to date. Well done! I was planning on enjoying the tax benefits of SIPPs and ISAs and travelling back and forth to Asia (and elsewhere) during retirement, hopefully being able to leave something to the children too at the end of it all. Like you, I don't mind paying some tax for something in return and seeing it being used wisely for 'the greater good' but they just appear to want so much more for so much less. I'm grateful for being able to get to the position I'm now in, being born in UK being large contributing factor, but it doesn't own me and I have to investigate and consider all options for myself and family. I have noticed that something like a BGC, MoA or rollercoasters inside malls is rarely (if ever) promoted on the TV when portraying South East Asia; it's usually something like a Tondo. I wonder why? Fingers crossed for the fiasco at the end of this month. I hope they wake up and see some sense.
People are going to cut their electricity off and find other ways
Go where though , its the same everywhere if not worse , freedoms been taken away with each passing day
Europe is no better if not worse ,
It's not about that. It's about having a system that is fair & equitable. Some countries are far better than others. The Nordic countries have a higher tax rate but a far better standard of life, healthcare and general public services. If you told any of their governments that old people would be left on trolleys in a hospital for days, or that a cancer patient would have to wait months for treatment, or that a waiting list for NHS services has topped 7m people they'd have you committed. (Along with taking that local authority responsible to court - as has happened on many occasions in Denmark & Norway). If it happened here, every local authority would be in court for the next 150 years.
I’m sure the really really rich wouldn’t be too happy with more taxes…. just as you aren’t with 40%. This world is going down the plug hole…. My advice is to put as much time as you can into the really important things (general advice, not saying you haven’t) because any material things or money can quickly be lost. It’s not beyond belief now as this world keeps reaching new lows at a fast rate.
Basically, the very wealthy can afford a 1% tax on their assets. That 1% would be the equivalent of about 2-3 weeks worth of interest that they get if that money was in a bank. Secondly, no one is saying that the rich don't pay tax - of course they do - the problem is that they don't pay anywhere near even the mandated rate of tax in the UK. Just look at big corporations: almost none have paid the mandated corporate tax rate and yet a small business will be taken to court over a £300 tax bill (which happened here in Bristol to a good friend of mine). I've no issue paying tax as long as it's enforced equally.
Employees don't get the option to "negotiate" what they owe as it's taken at source. Why should big corporations or individuals be allowed to?
Yes we are getting a huge amount of Brits like your cousin moving out here, as well as professional services. Housing is expensive here though 🇦🇺
Yes indeed - but wages have on the whole stayed in line with inflation. People here in the UK in some cases have effectively taken 15-20% pay cuts yet prices increase. Inflation has fallen - albeit back to where it was but prices are still going north. I spent just over a year working in Australia and I agree - property is expensive but it's relative unlike here in the UK where it's gone completely insane.
@@stuartmcloughlin totally agree!
Thanks Stu, appreciate that, your economic views they coincide with mine. Admin fees can be more than substantive supply. Too many administrators!
Come to Biella north of Italy, really affordable housing and good services here
Spain likes its tax cut even more than the UK...you will get better weather though. Best low cost good quality of life option is Thailand if you are over 50 and retiring (too far away for many brits though who still want/need to be connected to the UK).
Always remember you have to sell the house first before you can plan to move. In this country in its present state, your plans to sell the house may not happen.
we’ve had 4 offers already. so not an issue.
They're selling like hot cakes, especially the more "affordable" housing.
I paid 37k for a two bed victorian end terrace in a little semi rural village on the west Yorkshire border.
Modernised it a bit, and just had it valued at 109k, 10 years later. Had 3 offers already.
Holding out as I need every penny to escape this country.
@@garethjohnstone8662 I live in an area with properties worth upwards of £250k for victorian semi's and houses nearby(100 metres) are £1 million plus. So they are fairly slow at selling at the moment. Might be down to owners not willing to sell for anything less than valuation.
A lot of what you say is also true of many other countries. Some more so, some less so. I hear the same complaints about house prices in the USA, Canada, Australia and Ireland. As regards cheaper cost of living countries like Bulgaria, I think they are still cheaper because they have yet to begin the costly transition to Net Zero. When they have to shutdown their coal and oil burning power stations, their cost of living is going to soar. The UK is 10 years ahead in this respect. Most European countries are suffering the same demographic shift towards the elderly and funding them through higher taxes is going to be an issue across Europe. Illegal migration is also not limited to the UK. The Irish are complaining about it, so are the French, Italians and Germans. But at least your Irish passport provides you with more options to relocate. Living close to national borders gives you the flexibility to live in a lower income tax country but shop in a neighbouring country with lower sales taxes.
European wholesale energy prices are pretty much back to normal since spring 2023. The domestic prices are nothing but a daylight robbery.
@@user-Wojciech Correct - the wholesale price of gas is now cheaper than it was pre-Ukraine invasion yet we're all still being shafted.
A good summation.
What is your criticism of Nigel Farage getting into power? Are you saying we shouldn't judge him by what he is saying today or what he has said in the past but rather by some other criteria that you didn't identify?
Thank you for sharing. I agree but it's strange to me that you would not even give Nigel a chance to prove himself when there clearly are no other alternatives. Personally I think the whole democratic system is a sham but Nigel is the only one who has consistently been talking about these things as a priority, whether it be housing, immigration etc.
NF can say anything likes in opposition but when he's questioned on how this would be financed he closes up. Much the same as the rest of his MPs that have nothing but fantasy economics. I'll admit that some of his polices do make sense at first glance, but the more you actually delve into how these policies would be enacted, you realise that most of them are completely unworkable both from a financial perspective and manpower one.
@@stuartmcloughlin I agree, NF is nothing but bluff. He has enjoyed the limelight of being seen as a spokesman but he is NOT a sincere representative of people and ..he is not a leader..he has used the entire scenario as a career and lived off that. He is not a saviour..he's a blagger and has blagged his way through everything. Once he gets a whiff of actual responsibility and leadership his backbone whithers.And I really wish people would see that.
@@MelliaBoomBot Spot on - and the moment he got to power he'd bottle it. Much like he did after the Brexit referendum. The so called "leader" of UKIP couldn't handle the fact that people were calling him out on his BS. Left. Decides to come back a few years later because he got a boatload of cash. Anything else is hearsay.
Georgia looks good also mate
Sir McLoughin come to Poland. The the weather is allsow better hier :D
I've been there many times mate. Love the Poles. Hard workers and great people all round. I worked in Warsaw in 2015 for 3 months and loved it!
Very true
I believe Spain has a wealth tax on assets over 1 million Euros.
The Wealth Tax in Spain is an annual tax (which is banded), payable on the total net value of your assets held on 31st December. It amounts to: €167,129 or above: 0.20%. €334,253 or above: 0.30%. €668,500 or above: 0.50%. €1,337,000 or above: 0.90%. €2,673,999 or above: 1.30%. €5,347,998 or above: 1.70%. Up to €10,695,996: 2.10%. Anything above €10,695,996: 2.50%
What if the cost of living is everywhere
Like everything, it's all relative to wages, costs of living and taxes.
@@stuartmcloughlin their will be 2 class groups the poor and the aristocracy, middle class and even working classes are going to diminish, only divine intervention is our hope
Same circus different clowns Stu.
boring as hell but totally correct.
😂
Maybe try going back to northern ireland? Good you can still go to europe if you need to get out altogether. Some of this crap is going on in the usa too. God bless.
I'm from the Republic of Ireland. N. Ireland is still part of the UK and still has the same tax regulations as the rest of the UK. The Republic of Ireland has an even higher income tax threshold range so that's not really an option either.
Hi, when you move to another country- dont buy a house, stay flexible, you dont know when you will be forced to leave again
So if you don’t vote Labour, Tories, reform. Who else is good enough to run this country ? Please don’t say Lib-Dems or the Green Party ?
Maybe a hamster and I'm not joking 😮😅
@@ooo-w7q5x Larry The Cat gets my vote. can't be any worse than the present morons in Westminster.
@@stuartmcloughlin 😆 🤣 😂
Leaving next year when i get redundancy
Take the money and run mate. Because if Reeves gets her way you'll be paying a lot more tax on any redundancy payments too!
@@stuartmcloughlin thanks pal. I have been wanting to go since what they did to us in COVID. Next year will be my chance to go. It will only get worse. Thankfully I’m a single guy in my 30s. I have a lot of money saved up already ready to leave and not look back.
People move to western countries for a better life. Westerners move to asia for less government, more freedom and autonomy and lower taxation.
@@nitehawk9270 I completely agree mate. I have quite a few friends that live in Thailand and Cambodia. All without hesitation say it’s the best move they’ve ever made (especially Thailand)
@@stuartmcloughlin yeah I went to Thailand by myself at 15 for 8 weeks. Great place. Cheap as long as you eat local food. Had Thai food tonight. Uncle just bought an apartment over there. My mother owned one over there for a time. Friend owns a house there outright 2 stories. But can't afford a deposit in Australia.
The only people now moving West for better life are from 3rd world countries. The standards of living in the UK are shocking now. Low wage economy with astronomical prices and failing public services. 40 yo only being able to afford HMOs. Modern day slavery.
Well your lucky, irish passport gets you free reign in Europe....
It certainly does. I just feel sorry for the younger generation off British kids growing up that will never have the opportunity to move freely with work without visas throughout almost every part of Europe. It's almost as if a right of passage has been taken away by a bunch of old farts that will all be dead in a few decades.
Cyprus is a great option
Yes, I have a good friend and his wife that have lived there for more than 10 years. His words: "I'd never dream of living in the UK again."
You're thinking of leaving the country. What do you think the wealthy wood do if there was a wealth tax? Talk about gone in sixty seconds.
Firstly, they wouldn't leave. Most of the wealth in this country is based on assets they hold. You tax the assets. Not the individual.
@@stuartmcloughlin The those assets become devalued and money would flow out the country faster than it does already and investing in this country would be pointless.
@@Scatup nonsense. That argument has been used for years and bears no semblance to the reality of the situation. Assets are already taxable. You pay it every month in the form of council tax at a local level. There's entire swathes of the country that are privately owned simply as a tax dodge. For example, Kensington and Chelsea in London: almost every high end home is vacant there. Simply an asset. Like I said, you tax the asset - not the individual.
I left 1999 to Nz then oz. Uks finished govts let ever scrot in taxed to shit sooooo sad
I have a sneaky suspicion that a lot of these vloggers moaning about the UK, of which there are plenty now, making these kinds of Utube videos: Well a lot were probably looking for an excuse to leave the UK and live in Countries they we're planning on going to, regardless.
People have been moaning about the UK for as long as I can remember, and this is nothing new. You're going to find all these same problems, and even worse in other Countries.
But if you want to travel to these other Countries and have the means to do so, then just do it.
Most of those that do it are pensioners, choosing to live in warmer climates.
I've spent many years traveling, And I can tell you there are loads and loads of Brits in Thailand. And all throughout southeast Asia, who've been there for as long as I can remember.
This is nothing new.
It's really different now, post CvD19. It's never been this bad in the last 25+ years. There was a recession in 2008, but there wasn't a massive price spike like this time. The quality of life is bad.
The job market and the economy are terrible this year. Lack of income and huge bills to pay. Economic and mental depression.
It is very difficult to uproot, sell everything and move if you're a bit older.
You're right, all Western countries have similar problems, but if I had a remote job I wouldn't hesitate to move somewhere with low costs of living. There is no future in the UK.
Since 2008 it's been getting worse and they've completely tanked the economy with CvD19 measures. There's no light at the end of the tunnel in the UK, even messaging from the government is doom and gloom.
@@user-Wojciech Spot on. To put a bit of perspective on this: Because of inflation and slow growth in general in the UK, people earning the so called "median income" of £33k per annum have effectively taken a 15% pay cut over the past 10 year. (and I personally know many people earning well under this amount!). Most people working in the UK will never see a pay rise (in general) above 3% per annum. Occasionally it might be more (junior doctors, train drivers etc) but generally speaking it's about 3%. We had inflation in the UK running in double digits for over 18 months and it's only relatively recently that it's back to some semblance of normality but still higher than the Bank of Englands stated 2% target (It's presently running at 2.89%). So effectively this means if someone gets a "pay rise" of 3%, this is just over £990 based on a £33k salary however it effectively means that after inflation (and tax!) is taken into consideration, it actually amounts to less than £200. (People are paying nearly double that in daily standing charges now for gas and electricity per annum - and that's before you use a single unit of gas or electricity)
@@stuartmcloughlin I've had some well paying jobs in the UK. I used to work in IT, things looked very good for me, but then Brexit came and there was a downturn in the market, wages went down. The government introduced new high tax IR-35 for the self-employed in 2017/2018 and made the take home pay shrunk a lot and killed the UK IT job MARKET. Also, a lot of cheap IT workers came from India.
You can make better money now working in IT in Eastern Europe.
The country has become a low wage economy with high costs of living, especially since the current recession/stagnation kicked in. There is no disposable income.
The official inflation figures are a complete lie.
Well don't come to Australia, it's just as terrible here too.
Yes, so I believe. It's too far anyway. At least in Europe I'm never more than a few hours away from relatives and friends.
But you all keep voting in these politicians.
I certainly don't. I can assure you of that.
India Pakistan bangladesh Sri Lanka Maldives Afghanistan and Iran is the same ethnicity same people before rishi patel and sadik there was elvis Presley Charlie Chaplin and freddy mercury who the english speaking world worshipped those three 😂😂😂
"I can state with assurance that the last generation of white children is now being born." -- *Rabbi Emanuel Rabinovtch* Before a special meeting of the emergency council of European Rabbis in Budapest, Hungary, 12 January, 1952.
"My concern is doing away with whiteness. There can be no more white race." -- *Professor Noel Ignatiev* (1940-2019).
GREED! GREED! GzREED! Corporations got it all & YOU & the sheep voters were sucked in
Spain is more expensive than the uk
@@MP-mr8rj not my experience. In fact it’s about 30% cheaper if outside the main cities and property is (on average) 30-40% cheaper. (My aunt has lived there for over 30 years)
Not in my experiance either “ possibly for the pensioners in there rentals living on there uk pensions are struggling “ I would just say to anyone keep something even if it’s a studio apartment in your home country’s before moving anywhere .
I'm also from the UK. Paid 40% tax. Just put my house up for sale.smamortgage. the country has collapsed. We cannot afford to live. This is like Victorian times however at least we were British. Now we are WOKE more like broke