Just economists losing their minds over Liz Truss' economics

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  • Опубліковано 27 вер 2022
  • Just some experts outlining just how badly the Tories have handled the economy.
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КОМЕНТАРІ • 1,8 тис.

  • @schumanhuman
    @schumanhuman Рік тому +1730

    I'm vacillating between laughing and then suddenly remebering I actually live in the UK.

    • @GlennLeinster
      @GlennLeinster Рік тому +8

      Hahahaha I know I do that we;re fucked

    • @TruthTortoise81
      @TruthTortoise81 Рік тому +45

      It's funny until you have to put fuel in the car or buy food. Or turn the heating on. Remember when you didn't wonder how much electricity the washing machine was using? I miss those days.

    • @MrFrog_
      @MrFrog_ Рік тому +1

      🤣🤣🤣

    • @mhamid8529
      @mhamid8529 Рік тому

      As terrible as the last few years have been, with all the corruption and bulls**t, watching them destroy the Tory party and it’s future at least for the next decade or so, is a small win!

    • @tjenadonn6158
      @tjenadonn6158 Рік тому +26

      Laugh to keep yourself from crying, cry to keep yourself from screaming.

  • @matthewaxe6647
    @matthewaxe6647 Рік тому +2153

    I remember Cameron getting in with a coalition in 2010 and being fearful of what was in store. I never ever would have imagined the conservatives would be this bad. Its utterly insane. Every single possible opportunity to pick the worst possible choice has been taken. Wreckless wankers.

    • @hurri7720
      @hurri7720 Рік тому +75

      I have this feeling that Boris managed to get rid of the last intelligent Tory as he was afraid of being callenged, so there you sit with the most wortless Tory in charge.
      Did that same thing not happen in the USA during Trump too.
      This is more grim in a two party system with a one party government than ever in a country with coalition governments.

    • @babalonkie
      @babalonkie Рік тому +5

      @@hurri7720 "This is more grim in a two party system with a one party government than ever in a country with coalition governments."
      That's not unique to Britain...

    • @ykst6685
      @ykst6685 Рік тому

      Cameron did a good job by presenting himself as a moderate. But the truth was the Brexit Taliban/fundamentalists were lurking in the wings, waiting to strike. Once he went after the referendum, the party is now controlled by the hard right.

    • @piccalillipit9211
      @piccalillipit9211 Рік тому +81

      I DID - i lived through the Thatcher government - I left the UK on a long holiday in 2009 and when the Tories won in 2010 I never came back, I was not living through ANOTHER 15 years of horrific tory hell.
      Best decision I ever made.

    • @resistancefighter9009
      @resistancefighter9009 Рік тому +49

      It's not wreckless.
      It's deliberate.

  • @johnmunro4952
    @johnmunro4952 Рік тому +861

    I'm 1997 Gordon Brown made the Bank of England independent. 25 years later his actions are still working to protect the UK population from the Tories.

    • @bighands69
      @bighands69 Рік тому +5

      What the same labour party that destroyed UK banking?

    • @LRDefender80
      @LRDefender80 Рік тому +154

      @@bighands69 how did they destroy uk banking?

    • @5ynthesizerpatel
      @5ynthesizerpatel Рік тому +27

      not a stellar PM but the best COTE in a generation

    • @bighands69
      @bighands69 Рік тому

      @@LRDefender80
      Do you really need me to explain that?

    • @LRDefender80
      @LRDefender80 Рік тому +95

      @@bighands69 do I really need to explain that? No I’m asking you

  • @whitefoamsea8070
    @whitefoamsea8070 Рік тому +539

    Imagine someone told you an aeroplane was struggling to stay above ground due to the weight it was carrying, now imagine that someone has suggested lightening the plane by removing its wings. That's Trussonomics.

    • @resistancefighter9009
      @resistancefighter9009 Рік тому +8

      Now imagine putting swastikas on the fuselage and siezing the Caucasous from Russia.

    • @GuiR3X
      @GuiR3X Рік тому +2

      @@AM-ss9he Oh it will, when everybody's starved to death.

    • @catherinekeller4230
      @catherinekeller4230 Рік тому +12

      Great analogy!...Sunak warned her in all of the debates, that her policies would be dangerous!..oh! No! Why listen to sound, advice,!!

    • @tristanpatterson3843
      @tristanpatterson3843 Рік тому

      Lol.

    • @soupalex
      @soupalex Рік тому +7

      @@catherinekeller4230 tbh ignoring sunak's advice is usually a good idea. just not when your name happens to be "liz truss"

  • @toi_techno
    @toi_techno Рік тому +1651

    Two people who base their whole understanding of economics on having read Ronald Reagans biography making decisions on the seventh biggest economy. England has gone fully mental

    • @tjenadonn6158
      @tjenadonn6158 Рік тому +1

      Ronald Reagan: what happens when sociopathy has a head on collision with dementia.

    • @presidentwoodrow
      @presidentwoodrow Рік тому +162

      ah the 9 most terrifying words in the English language- here's Ronald Reagans biography and it's here to help

    • @MrJonnyl123
      @MrJonnyl123 Рік тому +152

      Rees Mogg who thinks that the Victorian era was the golden age of workers rights as industrial relations is the business secretary

    • @chrisloy2025
      @chrisloy2025 Рік тому +38

      Don’t recognise this country no more. Can only laugh or cry. I myself craugh 😂😢

    • @murrad23
      @murrad23 Рік тому +3

      This is exactly what has happened in the world.

  • @nicolaiqbal6823
    @nicolaiqbal6823 Рік тому +703

    When Boris was in power I thought it couldn't get worse....wrong!
    If I wasn't genuinely worried about the cost of living I might enjoy watching the Tories dig their own grave!

    • @tjenadonn6158
      @tjenadonn6158 Рік тому +24

      It's a bit like North Korea: it would be funny if it wasn't so dangerous and tragic.

    • @backseatgaming9087
      @backseatgaming9087 Рік тому +17

      @@tjenadonn6158 Even North Korea has a better leader than liz truss

    • @tjenadonn6158
      @tjenadonn6158 Рік тому +24

      @@backseatgaming9087 Their funerals when a head of state dies are more restrained and dignified as well.

    • @hotto5150
      @hotto5150 Рік тому +27

      @@tjenadonn6158 Funny you say that because the DPRK house their homeless whereas the UK won't even build new council houses.

    • @jjpark21
      @jjpark21 Рік тому +10

      unfortunately, the grave is not for the Tory MP's but it is for us.

  • @kostasaivaliotis1888
    @kostasaivaliotis1888 Рік тому +370

    Truss is making Boris look good . What a mess this country is in ? A complete disaster.

    • @nicolaiqbal6823
      @nicolaiqbal6823 Рік тому +12

      Boris will be pleased that he can now confidently plan his comeback....

    • @GlennLeinster
      @GlennLeinster Рік тому

      That's what happens when you Smear Corbyn and vote Tory a complete shit show, a disaster all right, still you get what you vote for, but now you can have 2-faced lying Starmer you can trust himhahahahaha the UK is fucked

    • @gingerguinea-pigfromoneoft6394
      @gingerguinea-pigfromoneoft6394 Рік тому +9

      everyone said “let’s get rid of boris” and i sounded like a tory when i said no don’t, haha i was right,each pm gets worse and worse

    • @hanford65
      @hanford65 Рік тому +5

      Sooner the Russians get here the better ...if only for their cheaper petrol! 😄

    • @thebadgerno.1872
      @thebadgerno.1872 Рік тому

      There all making as much money for there bosses before they lose next general election.

  • @americase7en
    @americase7en Рік тому +130

    Liz Truss already made the unthinkable: Varoufakis agreeing with the IMF lol

    • @alexanderthedude5474
      @alexanderthedude5474 Рік тому +2

      HAHAHHAHA

    • @pramitpratimdas1071
      @pramitpratimdas1071 Рік тому +7

      IMF economists never disagreed with Varoufakis. They had a plan of their own and goals different from Varoufakis

    • @reasonerenlightened2456
      @reasonerenlightened2456 Рік тому +1

      There is only one rule above all else. The wealthy must stay Wealthy. The economy is a distraction for the poor.

    • @americase7en
      @americase7en Рік тому

      @@pramitpratimdas1071 "There was a clash [between the IMF and Varoufakis] but there was no dislike." YV

  • @TruthTortoise81
    @TruthTortoise81 Рік тому +297

    Wow this is actually really very bad bad. What is truly amazing is that economists predicted weeks ago that huge spending and unfunded tax cuts would lead to a loss of confidence in the markets, and they just went ahead and did it anyway. Amazing.

    • @hurri7720
      @hurri7720 Рік тому +35

      They had enough of experts, remember.

    • @GlennLeinster
      @GlennLeinster Рік тому +11

      The Tories are so good with money that's why they have it all, but they will spend spend spend our printed money and give it to there friends

    • @unclemonty9506
      @unclemonty9506 Рік тому

      not amazing when you think that they are only in it for themselves. This is not a political party in power - it's a Quango

    • @y_ffordd
      @y_ffordd Рік тому +9

      @@hurri7720 Exactly, brexit is best of british, they dont need experts to scrutinise their claims, £350M a week for the NHS, when the NHS has been decimated.

    • @ronwhitehouse23
      @ronwhitehouse23 Рік тому

      No mention of an unprecedented sanctions war to destabilise Russia then?

  • @egorrotneck5022
    @egorrotneck5022 Рік тому +473

    How the hell do people this incompetent get these levels of government and pay grades? We all work ourselves half to death just to get to earn the average wage! And yet we are the lazy unproductive ones? This stream of mates from posh schools getting into government because of who they know needs to be broken.

    • @dbarrett747
      @dbarrett747 Рік тому +1

      by arse kissing and throw other people under the bus on their way up

    • @user-iw4xb3lh5r
      @user-iw4xb3lh5r Рік тому +52

      Wouldn't it be nice if the minimum wage set by any government was also the minimum wage those in government had to live by.
      Wouldn't it be nice if upon becoming a politician at what ever level, you forfeit any land assets and properties you own. And are forced to live in the "affordable housing" you promised thousands of people.
      Wouldn't it be nice if you were unable to benefit from any shares you previously owned. And therfore saw no benefit in allowing business to push profits over people.
      Wouldn't it be nice to have a group of leaders with no alternative motives who shared the burden of the policies they enact .
      Wouldn't it be nice if just for once the people who claim to have our best interests at heart, actually did.

    • @joolzhillman4385
      @joolzhillman4385 Рік тому

      Get the guillotine out 😉off with their heads.

    • @samprice1302
      @samprice1302 Рік тому +8

      Because people keep voting for them lol

    • @y_ffordd
      @y_ffordd Рік тому

      @@samprice1302 Kind of, but most people believe the media, which is controlled by the rich, we are a few steps away from having the oligarchs taking complete control.

  • @isaactrio
    @isaactrio Рік тому +704

    Conservative’s since the beginning of time: Trust the market!
    Conservative’s in 2022: Nah bro markets full of shit

    • @Metal0sopher
      @Metal0sopher Рік тому

      Now you understand why the other half is NOT conservative. "The market" has and will always be a cassino, a riggled one in the favor of the elites. Non elite conservatives desperately want to believe: "Hey we're conservative, we're with you, in your club". No you are not. The elites string you along when you are an asset, when your money feeds their wealth, but when that reverses, you're the first to be sacrificed. Reality is bitter.

    • @corvus1238
      @corvus1238 Рік тому +9

      Learn the apostrophe rule.

    • @RealColdLogic
      @RealColdLogic Рік тому +61

      ​@@corvus1238 busy day?

    • @YorickReturns
      @YorickReturns Рік тому +14

      The free market isn't conservative though. It's liberal.

    • @Metal0sopher
      @Metal0sopher Рік тому +49

      @@YorickReturns It's neither. It's a "thing" where people buy and sell things, cautiously and cosevitately or loose and liberally. The market is a thing, it's human behavior that is either conservative or liberal. Like my car, it's a thing, and I can drive it conservatively and cautiously or liberally and wildly. Both can serve a purpose where appropriate. In a school zone, drive conservatively, on a race track drive wildly.

  • @ZiggyMercury
    @ZiggyMercury Рік тому +97

    "What's the prime minister gonna say? Well, at the moment she appears to be hiding" - that really made me chuckle.

  • @hg82met
    @hg82met Рік тому +60

    Since Friday UK economy lost £500 billion in valuation, and Bank of England is going to spend £65 billion to shore it up. What a legacy in just a few days.

    • @markedwards9247
      @markedwards9247 Рік тому +4

      Can you remind me how much the "growth" forecast of Liz Truss was, when she announced these policies?
      I believe she hoped for 2.5% growth of the UK GDP which is £2.8 trillion, in the next 2 years.
      Which amounts to £72 biilion.
      Oops, wiped out in 72 hours !

    • @normanchristie4524
      @normanchristie4524 Рік тому +2

      Thanks Liz! This is just what the country needs, make us paupers whilst enriching your chums. Kwarteng might be clever but he is also an arrogant chump!

    • @jcpatel01
      @jcpatel01 Рік тому +2

      Lost $500 billion picking wrong person. UK should have picked Sunak, he was honest, he knew exactly what will happen with Liz’s plan.
      Don’t understand why you guys are surprised. Didn’t you listen to Sunak during PM election.
      Indian are very smart people. 9 CEOs are Indians. Those board members knows who can perform. Get rid of Liz and bring back Sunak.

    • @childoftheuniverse2644
      @childoftheuniverse2644 Рік тому

      @@jcpatel01, Sunak honest????🤣🤣🤣 Give me a break! Both of them are dangerous scum. It's like you have to pick between Ebola and Marburg.

    • @paxundpeace9970
      @paxundpeace9970 Рік тому

      UK stock market going sideways for years now and only getting worse

  • @rwsavory
    @rwsavory Рік тому +167

    "The Moron Risk Premium" lol

    • @tjenadonn6158
      @tjenadonn6158 Рік тому +1

      Imposed by the Prime Moron.

    • @bendaniel2271
      @bendaniel2271 Рік тому +6

      I had to skip back to check that's what he said

    • @ghengis430
      @ghengis430 Рік тому

      I thought at first it was more on.

  • @1830mof
    @1830mof Рік тому +416

    We MUST change the constitution to ensure that NEVER AGAIN is the country saddled with the likes of Johnson and Truss on the say-so of 150k tories.

    • @GlennLeinster
      @GlennLeinster Рік тому +14

      Well good luck with that one, Starmer and Truss like it just how it is, they don't want PR they will loose the power and they don't want to share that with no one

    • @kevinwillis6707
      @kevinwillis6707 Рік тому +20

      @@GlennLeinster yep, if starmer doesnt go with PR this whole shitshow gets repeated in 10 years time.

    • @brucevair-turnbull8082
      @brucevair-turnbull8082 Рік тому +16

      Er, we don't have one. Just a 'wonderful patchwork of ancient laws and customs' to paraphrase that wonderful old sage of the Tory party, Roger Scruton.

    • @JohnDoe-gc1pm
      @JohnDoe-gc1pm Рік тому

      The people who would be writing the constitution are the morons in Parliament.
      Asking them to write a constitution to fix their shittiness is hardly likely to work

    • @jimmyhvy2277
      @jimmyhvy2277 Рік тому

      WEF wet Dream , the People asking for the Great Reset !

  • @jacwindsor5552
    @jacwindsor5552 Рік тому +273

    The PM and Chanceller must resign. We need to call a general election

    • @GlennLeinster
      @GlennLeinster Рік тому +5

      They are all crap Jac;-( Starmer wants to give the electric companies 29 billion for 6 months, we are fucked

    • @johncobourne361
      @johncobourne361 Рік тому +17

      @@GlennLeinster starmer wants a windfall tax.

    • @markmewordz6860
      @markmewordz6860 Рік тому +9

      We need the mediocre and corrupt with red rosettes. The mediocre and corrupt with the blue rosettes have had their chance. LMFAO

    • @benc9802
      @benc9802 Рік тому +5

      @@markmewordz6860 if you want to be cynical sure, but being cynical doesn’t help anyone, unless you actually want to do something about it like organise an armed revolt

    • @philcooper279
      @philcooper279 Рік тому +5

      Agreed on one level, but Scotland needs a second referendum, so as not to be abused by the Tories again. Independent Scotland, a wealthy, free and united, Scotland.

  • @robertallen591
    @robertallen591 Рік тому +41

    if i lost the nation 500 billion i would expect to be inprisoned , they must resighn today

    • @GlennLeinster
      @GlennLeinster Рік тому

      If you lost the country 500 billion you be shot;-)hahahaha

    • @jordanthedove
      @jordanthedove Рік тому

      Iceland comes to mind. .

    • @robertallen591
      @robertallen591 Рік тому +3

      @@jordanthedovea beacon of hope in a grey world

    • @leighduxbury3864
      @leighduxbury3864 Рік тому

      Your acting like the money is real, it's just dots on a computer screen at this point

  • @daveyodals1996
    @daveyodals1996 Рік тому +717

    We need a general election urgently

    • @jibberjabber2957
      @jibberjabber2957 Рік тому

      Too late the damage has been done and the tories have ripped the public off yet again.

    • @rogernewton7831
      @rogernewton7831 Рік тому +15

      Yes indeed. The labour party will be fantastic. Everyone and anyone with any money will leave very rapidly.

    • @MrJenklns
      @MrJenklns Рік тому +13

      @@rogernewton7831 Diane Abbott as chancellor

    • @Silver-st2zq
      @Silver-st2zq Рік тому

      @@rogernewton7831 You mean all the Greedy B******s.

    • @banksarenotyourfriends
      @banksarenotyourfriends Рік тому +131

      @@rogernewton7831 Yes, of course - I'm just going to pull my kids out of school and move my family to a country where I'll be a foreigner, because I'm scared of paying the same tax rate I paid willingly in 2014.
      Makes perfect sense.

  • @alfresco8442
    @alfresco8442 Рік тому +158

    In any other job, there would be charges of criminal negligence at the very least.

    • @vinnie1350
      @vinnie1350 Рік тому +4

      No

    • @resistancefighter9009
      @resistancefighter9009 Рік тому +2

      Did blair/Cameron/brown/ may get tried fr tree son?
      Borris get tried for killing 37 8 k people?

    • @leighduxbury3864
      @leighduxbury3864 Рік тому

      All she has done is cut taxes and everyone is acting like she's murdered a puppy

    • @alfresco8442
      @alfresco8442 Рік тому +16

      @@leighduxbury3864 "All she has done is cut taxes"
      Jesus wept! If the BoE hadn't immediately stepped-in, numerous pension funds would have gone belly up, leaving millions with nothing left but the state pension...possibly including you. And that's before the interest rate rise which is likely going to collapse the housing market, leaving further millions with negative equity or unable to get a mortgage at all.

    • @storms9023
      @storms9023 Рік тому +6

      @@leighduxbury3864 You have no idea how much shit we're in. That's clear.

  • @adman9000
    @adman9000 Рік тому +274

    The party of fiscal responsibility 🤨

    • @tjenadonn6158
      @tjenadonn6158 Рік тому +1

      They're responsible for the economy the same way that a beef farmer is responsible for their cows. Fatten it up quickly and cheaply, kill it, and sell it off to whoever will pay them the most for it.

    • @clareowen2047
      @clareowen2047 Рік тому +9

      😂😂😂😂😂😂😂😂

    • @Elijah_Dove
      @Elijah_Dove Рік тому +23

      😂😂😂 the party of f-ing over the British people. (that said my fellows did vote for them!)

    • @resistancefighter9009
      @resistancefighter9009 Рік тому +16

      They're responsible for their mates bank accounts.

    • @oiinahgiiusadurrybrahchuck7209
      @oiinahgiiusadurrybrahchuck7209 Рік тому +13

      Same narrative with the [neo]Liberals in Australia. “government of good economic management” - worst record of debt and general national decline in our nation’s history.

  • @MrSatnavatron
    @MrSatnavatron Рік тому +311

    Shorting the £ is how the Tories/ Oligarchs make their money -- don't need high frequency trading if you have real insider knowledge of a major "downshift " and make bets appropriately to maximise outcomes -- same as 2008 and previous crashes

    • @bdbtbb
      @bdbtbb Рік тому +11

      This sounds right.

    • @someoneelse3456
      @someoneelse3456 Рік тому +1

      The corruption is crazy: shorting the pound before crashing it, taking "donations" from relatives of corporate energy bosses and who knows what else. We need an independent investigation into this government right about now.

    • @CMI2017
      @CMI2017 Рік тому +3

      In fact the number of shorts was very low; most were long on sterling which explains the shock.

    • @kindnesslove5482
      @kindnesslove5482 Рік тому

      This is complete and utter bullshit. I trade this market.
      It was all public knowledge, if you didn't short it is because you were stupid.
      And lots of hedgefunds were and were long.
      You can't just realize they are this stupid, or does that make you too scared and need to make this conspiracies to make sense of the world ?

    • @randyschwaggins
      @randyschwaggins Рік тому

      £ fell about 5 points overall vs USD. That's about 5%.
      It was hardly a crash or even a move you could have made a lot of money from.

  • @SIFWD1
    @SIFWD1 Рік тому +65

    Rishi Sunak looks like some kind of Guru at the minute, he predicted this situation very clearly.

    • @jcpatel01
      @jcpatel01 Рік тому

      He is smart. He warned you. He predicted the collapse of UK economy, now everything came true what Sunak. Nobody hire people with bad background. Tarries made mistakes picked the looser. All MPs were smart, they sided with Sunak during election
      Next time you can bet on Indian, 9 top CEOs are Indians. No accident

    • @pineapplesandthegovernment6522
      @pineapplesandthegovernment6522 Рік тому +7

      In the Hindu origins of the name, a rishi is a kind of ancient 'super-guru', so maybe that's at least slightly appropriate!

    • @sunnyg4261
      @sunnyg4261 Рік тому

      No pineapples, just no.

    • @oliveeyes4281
      @oliveeyes4281 Рік тому +2

      He had better plans to be honest. Wonder why he wasn’t elected?

    • @specimenuncensored9121
      @specimenuncensored9121 Рік тому +1

      Off course. Successful people make successful things. Whilst both studied the same subjects and graduated from the same institutes, Rishi also got a masters from Stanford where he was a full bright scholar. He is also a self made multi millionaire. Liz is just book smart and knows how to regurgitate stuff for exams and has no idea what its supposed to be used for whilst Rishi knows how and where to put that knowledge to use. That's the difference.

  • @6thhistory
    @6thhistory Рік тому +31

    When it came down to Triss vs Sunak, I said to everyone at work, 'holy shit, I can't believe that incompetent insane woman made it that far' never thinking she could win. None of them knew who she was or what she'd done in the past back then.

    • @protestmyhero5613
      @protestmyhero5613 Рік тому

      Lol I’d rather her than the most untrustworthy fucker that is Sunak

    • @simony2801
      @simony2801 Рік тому

      Thanks to the daily mail and telegraph who got this clown elected.

  • @andygreen2765
    @andygreen2765 Рік тому +61

    In any other walk of life incompetence of this scale would result in losing ones job. This may have been the worst act by a UK Chancellor in modern history.

  • @rogersilva9479
    @rogersilva9479 Рік тому +18

    Sunak was so right . He will be remembered by the history as the man who could have saved UK , but alas his colour was not white enuf

    • @never152
      @never152 Рік тому +2

      Hardly. Plenty of people predicted same. He had his chance anyway.

    • @generalsummer4727
      @generalsummer4727 Рік тому +1

      Wasn't he the chacellor last time around... he didn't do squat :D You dont get it... they are all idiots!

    • @rogersilva9479
      @rogersilva9479 Рік тому +3

      @@generalsummer4727 Last time around the globe who succeeded ? - None . This time he predicted, proposed a plan and said Truss will make fool of herself and country on national television.

    • @dendradwar9464
      @dendradwar9464 Рік тому

      So the present chancellor and prime minister are not diverse but Sunak is? .. the disconnect is legendary, absolutely legendary .. and no I am not a fan of the tories but equally I do not believe in made up nonsense ..

    • @oliveeyes4281
      @oliveeyes4281 Рік тому

      Absolutely agree with @Roger Silva.

  • @rosewoodsam
    @rosewoodsam Рік тому +46

    Rise up People. Its the only way

    • @jonboymk1bridgemaryfront889
      @jonboymk1bridgemaryfront889 Рік тому +2

      We don’t need a revolution we live in a kinda free country.revolutions are never good for a country

    • @aaron4820
      @aaron4820 Рік тому +2

      @@jonboymk1bridgemaryfront889 he usually gets pats on his back by his mates with that sort of comments at the pub

    • @alfamonk
      @alfamonk Рік тому

      Whereas you're bent over taking it up the arse from Kwasi, begging for more

    • @dirtyox6862
      @dirtyox6862 Рік тому

      @Jackfrost vote 🤨

  • @primus7776
    @primus7776 Рік тому +27

    How many billions of (uncapped) bonuses have the "Bankers" made in the past 2 days?
    Nice timing Lizzie.

    • @ling636
      @ling636 Рік тому

      Not issue with banker bonuses. Like always yuros blame the wrong people

  • @ianmcsherry5254
    @ianmcsherry5254 Рік тому +29

    The Tories are like the Cenobites from the "Hellraiser" films: "You put a cross in the box. WE CAME."

  • @peakypanda
    @peakypanda Рік тому +258

    Could we PLEASE not vote these people back in to power at the next election?!?! 🇬🇧

    • @Warentester
      @Warentester Рік тому

      And the election after, and the election after that. At least. Because currently it looks like the conservatives look for a quick loss, so that they can blame the Brexit fallout on Labour and then resume their shenanigans.

    • @chrisgreenhough2792
      @chrisgreenhough2792 Рік тому

      The polls show Labour absolutely walking the next GE and it's not going to turn around now. It's a zombie govt now.

    • @flymakena
      @flymakena Рік тому +1

      Same same

    • @ronwhitehouse23
      @ronwhitehouse23 Рік тому

      Don't vote any of them in power., Unfortunately the government still gets in.. Amazing ,truly amazing..

    • @lukemclellan2141
      @lukemclellan2141 Рік тому +43

      You really think voting makes a difference?
      It's wealthy vs the rest, not Conservative vs Labour.

  • @dh1380
    @dh1380 Рік тому +167

    The fact that it has already been dubbed Trussonomics rather than having been acknowledged as actual economics tells you all you need to know.
    Tell you what though, I'm gonna buy so much cheese with that tax cut.

    • @jerakala890
      @jerakala890 Рік тому +18

      ''That is a disgrace''.

    • @dh1380
      @dh1380 Рік тому +8

      @@jerakala890 fear not for none of it will be imported. I live 5 minutes from Stilton which, ironically, can't legally produce Stilton cheese. But there is a good Nisa shop which probably sells at least a few types of cheddar.

    • @joeking6749
      @joeking6749 Рік тому +6

      I like “Trussterfuck”.

    • @deanbarnett8538
      @deanbarnett8538 Рік тому +7

      One quid is gonna get you a lot of cheese. If you're a mouse.

    • @gingerguinea-pigfromoneoft6394
      @gingerguinea-pigfromoneoft6394 Рік тому +1

      @@dh1380 stilton is a place? bet it smells of feet. i’ll stick to my graviera that my greek father basically smuggles from crete

  • @robinmcara793
    @robinmcara793 Рік тому +55

    So there's a run in the pound? Great. The Tories have a lot to answer for.

    • @billmayor8567
      @billmayor8567 Рік тому

      Liz truss and kwasi kwarteng will soon be the most hated people in England. 2 extremely incompetent individuals!!!

  • @jackwachtel-scott8000
    @jackwachtel-scott8000 Рік тому +39

    No one mentions the overseas investors who hold U.K. government bonds and have seen their holdings values plummet by 20% or more because of what is effectively a sterling devaluation. A rush for the exits was entirely predictable.

    • @suirall
      @suirall Рік тому

      the bitter irony that they were trying to attract foreign business by cutting taxes for the rich.

  • @Jimdixon1953
    @Jimdixon1953 Рік тому +17

    Yanis Varoufakis has a really soothing voice, until you listen to the bad news he’s telling you.

  • @dubbaphatt3368
    @dubbaphatt3368 Рік тому +101

    If all our pensions almost just disappeared over the course of 2 days then the whole system is obviously unstable and unfit for purpose.
    This can’t be allowed, reform is needed immediately before the next shock and we all end up like Zimbabwe.

    • @James-vj5hz
      @James-vj5hz Рік тому +1

      Genuine question, what's your plan to side step this if it does end up like Zimbabwe?

    • @peterkogl1329
      @peterkogl1329 Рік тому +1

      You ARE Zimbabwe!!!

    • @James-vj5hz
      @James-vj5hz Рік тому

      @Russ IngramOkay. But what will you do if reform is politically impossible? That's moreso my question.

    • @alex_n8863
      @alex_n8863 Рік тому +1

      Yeah, I'm not falling for that pension scam. Always sounded dodgy to me. Doubt I'll be alive to see retirement; and will I want to live in that world anyway

    • @James-vj5hz
      @James-vj5hz Рік тому +7

      @Russ Ingram What does GB even produce?

  • @powerboon2k
    @powerboon2k Рік тому +60

    When was the last time Truss gave an interview or answered questions?

    • @tjenadonn6158
      @tjenadonn6158 Рік тому +35

      When the liquor store clerk asked if she wanted a receipt.

    • @Elijah_Dove
      @Elijah_Dove Рік тому

      When the chemist asked her to confirm her name for her mental health meds.

    • @Berry-fr5wj
      @Berry-fr5wj Рік тому

      Pork market speech Munich

    • @joemorris143
      @joemorris143 Рік тому +5

      Does it matter if she answers questions she'll just lie and lie and lie.

    • @brucevair-turnbull8082
      @brucevair-turnbull8082 Рік тому

      'Pork markets in China' 😂

  • @timcastle1844
    @timcastle1844 Рік тому +23

    We get what we vote for and the British gave the Tories an 80 seat majority. Give that some thought!

    • @derekmab7734
      @derekmab7734 Рік тому

      I keep saying the same. They are brainless. Democracy never works if the electorates are brainless, ignorant, racists, nationalist, ideologues and this is what happened with Brexit and 2019 GE

    • @daiu48
      @daiu48 Рік тому +1

      Changing the voting system is long overdue.
      PR of some kind would help to avoid this constant economic turmoil .
      An 80 seat majority on a turnout of less than 45% of the total vote is just nonsense. Unrepresentative democracy is producing this disastrous situation.

    • @timcastle1844
      @timcastle1844 Рік тому

      @@daiu48 Australia has a "preferential voting system". It can Mena, and has done so, someone who receives less than ten primary votes is elected into parliament. Not so great either.

  • @johnwayne3420
    @johnwayne3420 Рік тому +4

    this is now the end of the conservative party

  • @alexrenn2479
    @alexrenn2479 Рік тому +7

    Everything that Varoufakis said would happen in his books are unfolding before our very eyes, not only in Britain in relation to its broken neoliberal economics system, but also in Italy and elsewhere in Europe with their shift to right-wing politics. We didn't address the real and underlying reasons for the GFC, the fact that the whole system failed us and needed to be overhauled, which Varoufakis so vociferously outlined and the chickens are coming home to roost now in one of the major financial epicentres from where it all emanated and collapsed in the first place.

  • @cormackeenan8175
    @cormackeenan8175 Рік тому +45

    Kwasi Kwarteng needs to resign immediately to restore order in the markets, he’s obviously completely out of his depth.

    • @GlennLeinster
      @GlennLeinster Рік тому +2

      That's the plan then blame Jeremy Corbyn works everytime just ask Starmer he blames everything on Corbyn

    • @chezceleste
      @chezceleste Рік тому +2

      @@GlennLeinster I blame Corbyn for allowing Johnson his GE in 2019 when a little less hubris would have allowed a government of national unity, an escape from Brexit and made him electable.

    • @mattruzh8470
      @mattruzh8470 Рік тому

      @@GlennLeinster corbyn is a putin worshipping incompetent pric k even worse than Truss. We don't need corbyn

    • @richardswaby6339
      @richardswaby6339 Рік тому

      @@chezceleste It wasn't Corbyn that permitted the GE. It was the leader of the Lib Dems. She thought her pro remain stance would get her more seats. She demonstrated planning on the level of Liz Truss and Kwazi Kwarteng.

    • @chezceleste
      @chezceleste Рік тому +1

      @@richardswaby6339 They only had about 5 seats and she was as mad as a box of frogs...completely deluded...Corbyn did agree to it and it was madness to anyone without dreams of glory. I liked Corbyn but he was not a good leader and he made some catastrophic choices...I feel no attraction to Starmer but he's the only man for the job right now and I like a lot of his team.

  • @edenmurphy4295
    @edenmurphy4295 Рік тому +22

    Tories out now!

    • @GlennLeinster
      @GlennLeinster Рік тому

      Yeah because Starmer will only give 29 billion to the Electric companies;-( we are fucked

  • @gazsm1
    @gazsm1 Рік тому +47

    When it comes to a countries economy, find out what the extremely wealthy want to do in regards to taxation, spending and investment and then do the exact opposite to what they want.

    • @y_ffordd
      @y_ffordd Рік тому

      True, we are not the Isle of Man, ridic!

    • @6Oko6Demona6
      @6Oko6Demona6 Рік тому

      @@y_ffordd exactly. Because wealthy people don't know anything about the economy and how to manage money. Poor people know how to manage money.

  • @OngoGablogian185
    @OngoGablogian185 Рік тому +10

    Kwasi's face cracks me up. he always looks like he's just been caught doing something humiliating. At least now he actually has a reason to look embarrassed.

  • @clarecollins2547
    @clarecollins2547 Рік тому +8

    I just can’t believe what is happening ! It’s a complete nightmare.

  • @gnothiseauton8684
    @gnothiseauton8684 Рік тому +10

    Utterly criminal!

  • @pansepot1490
    @pansepot1490 Рік тому +46

    “We have enough of experts!”

    • @Kj16V
      @Kj16V Рік тому +14

      This is a quote that no Brexit/Tory voter should be allowed to forget lol.

    • @GlennLeinster
      @GlennLeinster Рік тому

      Fucking experts what do they know;-)hahahaha

    • @leighduxbury3864
      @leighduxbury3864 Рік тому

      Lol Yannis is literally the guy who bankrupted Greece... hardly an expert

    • @zizek4630
      @zizek4630 Рік тому +10

      @@leighduxbury3864 He was brought in to fix the greek economy after it went bankrupt, he didn't bankrupt greece

    • @storms9023
      @storms9023 Рік тому

      @@leighduxbury3864 Again, you're bloody clueless. Or working for the government. Same thing.

  • @envysart797
    @envysart797 Рік тому +10

    “Moron risk premium” is a good way to say it

  • @Lucia-pd6fi
    @Lucia-pd6fi Рік тому +160

    We need a general election ASAP.

    • @jameshart678
      @jameshart678 Рік тому +8

      Good point. I never voted for her..

    • @Lucia-pd6fi
      @Lucia-pd6fi Рік тому +11

      @@jameshart678 none of us did.

    • @monkeytennis8861
      @monkeytennis8861 Рік тому

      @@jameshart678 you don't vote for a PM

    • @martync6713
      @martync6713 Рік тому

      Makes the assumption the tories will lose...

    • @Lucia-pd6fi
      @Lucia-pd6fi Рік тому +6

      @@martync6713 no assumptions made, but it's simple common sense to want to elect the person on power. Ultimately it can't be worse than this.

  • @seanphurley
    @seanphurley Рік тому +9

    i thought she would be more corrupt but also more competent.
    half right

    • @GlennLeinster
      @GlennLeinster Рік тому

      You are talking about politicians and the Tories wake up Sharlos

  • @margwally5849
    @margwally5849 Рік тому +17

    All the systems are breaking down, this is no accident.
    London

  • @nagualdesign
    @nagualdesign Рік тому +10

    (3:50) _"I've been a f'kin' economist for fifty years..."_ 🧐

  • @justapleb8013
    @justapleb8013 Рік тому +76

    Nothing in politics happens by chance, this is deliberate and engineered by design.

    • @MrJonnyl123
      @MrJonnyl123 Рік тому +16

      Na go read ‘Brittania Unchained’. Truss and Kwarteng actually believe in this stuff

    • @michaelrch
      @michaelrch Рік тому +8

      No, this is a genuine f up.

    • @MrJenklns
      @MrJenklns Рік тому +8

      Something funny going on 😉

    • @natsdaley9615
      @natsdaley9615 Рік тому +1

      Totally agree

    • @dwinter666
      @dwinter666 Рік тому

      Nah, they're morons, that's it.

  • @jamessteel9016
    @jamessteel9016 Рік тому +30

    Kwarteng clearly using the ladybird book of economics

    • @jacwindsor5552
      @jacwindsor5552 Рік тому

      haha

    • @jimmcconville
      @jimmcconville Рік тому +2

      Are you suggesting he's read one?

    • @californiadreamin8423
      @californiadreamin8423 Рік тому +3

      @@jimmcconville He has a PhD in economic history !! The trouble is the economic history he’s making NOW at our expense.

    • @MTCoblivsicas12345
      @MTCoblivsicas12345 Рік тому

      He is reading Economics for dummies.

    • @TruthTortoise81
      @TruthTortoise81 Рік тому

      @@californiadreamin8423 That is the part I can't wrap my head around. His budget made no sense and the markets have reacted as many economists predicted they might. So he's either an evil genius making millions for himself and his chums by shorting the pound, bankrupting the economy and asset stripping the country (while also committing political suicide). Or he's just completely and totally incompetent. Either way, it doesn't make a lot of sense.

  • @noncompulsoryl
    @noncompulsoryl Рік тому +17

    How do people with political aspirations keep getting into positions where they can do this type of actual damage?

    • @suirall
      @suirall Рік тому +1

      sadly we keep letting them in

  • @tengkualiff
    @tengkualiff Рік тому +4

    The Queen's ultimatum: When I'm gone, I want my country to go down with me!

  • @blamethefiddle1288
    @blamethefiddle1288 Рік тому +3

    She did infact NOT survive the month

  • @MrJonnyl123
    @MrJonnyl123 Рік тому +95

    Our whole economy is an entire house of cards lol. We can’t even handle 5 percent interest rates without entire economic collapse

    • @timharbert7145
      @timharbert7145 Рік тому +4

      Same here in the US.

    • @vietimports
      @vietimports Рік тому

      @@timharbert7145 the us is handling this far better than the chaos of the uk or even everywhere else in the world. stop being a doomer just because you hate biden lmao

    • @clareowen2047
      @clareowen2047 Рік тому +1

      👏👏👏👏👏👏

    • @clareowen2047
      @clareowen2047 Рік тому +2

      Yup my parents remember 15%

    • @tomboyle4312
      @tomboyle4312 Рік тому +14

      It's a bit more complex than just 5% rates 😂

  • @sausagefingers714
    @sausagefingers714 Рік тому +11

    we've gone from Boris to Jen from IT crowd.. its all going hill and forever will do, i think we can see where the world is going

  • @sayno2lolzisback
    @sayno2lolzisback Рік тому +5

    The party of strong, stable leadership. The party of preserving normality and the status quo. The party of putting Britain's interests first. The party of fairness and meritocracy. The party of entrepreneurship, small business and other big society horse manure.
    Whewee what a decade it's been.

  • @Hoochy0208
    @Hoochy0208 Рік тому +24

    This would be funny if it weren’t so fucking awful 😢

  • @MichaelBoogerd
    @MichaelBoogerd Рік тому +6

    "it would break like a toy, the housing market" "a rookie mistake".... these idiots aren't just playing with some shapes in the sandpit, but people's livelihood.

  • @MacksCurley
    @MacksCurley Рік тому +4

    The banksters have created the financial problems as they create the debt. The banksters could have prevented the economic by responsible lending.

    • @MacksCurley
      @MacksCurley Рік тому

      You don't blame the drug addict, you blame the drug dealer.

  • @paulwilson2651
    @paulwilson2651 Рік тому +24

    In 2014 Scots were told that they should vote no to independence as voting yes would mean Scotland leaving the E.U. and that Scotland would be "Better Together" by being in the UK. How hollow does that sound now? Scotland has been dragged out the E.U. and the Westminster lot under the Tories have trashed the economy. Let's get it right next time and vote yes in 2023!

    • @xMorentz
      @xMorentz Рік тому

      The EU is also doing shit.

    • @johnmcauley3042
      @johnmcauley3042 Рік тому

      I agree only as long as sturgeon is nowhere near the office. She is not fit to run Scotland

    • @douglasstewart3889
      @douglasstewart3889 Рік тому

      @@johnmcauley3042 shhhh. Adults are talking now.

    • @johnmcauley3042
      @johnmcauley3042 Рік тому

      @@douglasstewart3889 wait you think sturgeon is fit to run Scotland .
      Your the kid .

    • @douglasstewart3889
      @douglasstewart3889 Рік тому

      @@johnmcauley3042 You’re semi literate at best, perhaps that tells its own story.

  • @ebisinbofacharlestitus3995
    @ebisinbofacharlestitus3995 Рік тому +2

    Rushi warned Conservatives but they failed to listen. Where are Tory MPs?

    • @Redpilled66
      @Redpilled66 Рік тому

      They're fleecing the treasury before the next general election.

  • @GregClarkMusic
    @GregClarkMusic Рік тому +18

    Interesting Liz Truss story:
    One of my family is a civil servant. One of her colleagues was working with/for Liz Truss in the last couple of years. This colleague is going to pick up lunch and asks Liz Truss, do you want anything?
    Truss says yes so the colleague comes back with a sandwich/meal thing. The cost was £6.99, say £7 the colleague says to Truss.
    Truss precedes to something like "£6,99? Oh I actually have the exact £6.99 for you." And proceeds to dole out the exact change including coppers and not a penny more to the apparently, quite suprised colleague.
    There you have it... Our Prime Minister, so generous as not to give a penny more to someone who goes out of their way to do them a favour.
    How many of us would say, ah, I'll give you the £7 to save you rolling around with my change and for your effort.

  • @suhasini1354
    @suhasini1354 Рік тому +7

    The people responsible are the Tories who voted Liz instead of Sunk. Shame of them, that color took precedence over the existence of the UK. The UK will tank the rest of the EU and the US with it. Sunak has brains and was the man of this time who could have taken the UK out of the quagmire it was in.

    • @leonrififi3543
      @leonrififi3543 Рік тому

      Sunak did not lose the candidacy because of his skin colour, he lost it because he’s an unpopular twat married to the daughter of a billionaire who sees poor people as beneath him. Whether or not he’d have been better than Truss is debatable, but don’t try to make this about race

    • @krashd
      @krashd Рік тому +4

      At the time I thought Liz was the lesser of two evils but now it looks like that was Sunik, but neither of them are good people - they are Tories, ffs. Sunik is a millionaire married to a billionaire, he may not have got the UK into this mess but he still would have milked the working class to give to the middle class and the rich, as that is what they do.
      "Why did you sting me?" asked the frog of the scorpion "Now we'll both drown!"
      "I am a scorpion." came the answer "It is in my nature to sting you."

    • @dendradwar9464
      @dendradwar9464 Рік тому

      And the present chancellor is what colour again? .. stop been racist ..

    • @sebfox2194
      @sebfox2194 Рік тому

      @@krashd At the time, I thought Rishi was the lesser of two evils. He was the Chancellor for a few years and has a sound grasp of economics, which is what we need right now in the current economic environment. As soon as I saw the summaries of their economic plans, I could immediately see that Rishi had a much better plan, and that Liz's plans were not very sensible. I was hoping for a Rishi win, as he at least seemed to know how to run the economy.
      Personally, I suspect that Liz used her tax cuts for the highest earners promise to buy her the votes that she needed to win the Tory leadership race. Essentially trading our economic wellbeing, in order to get herself into power.

    • @specimenuncensored9121
      @specimenuncensored9121 Рік тому

      @@krashd Rishi was a self-made multi-millionaire. Keep that in mind. He wasn't born into wealth. He built himself up into a successful person. People who made themselves successful can make other things successful as well.

  • @Louisejames23
    @Louisejames23 Рік тому +53

    Ah I get it, this is Boris’s “build back better” movement. Just only for bankers.

  • @nipplehead
    @nipplehead Рік тому +2

    Remember "Chaos with Corbyn"?
    Awkward.

    • @Redpilled66
      @Redpilled66 Рік тому

      The party of "fiscal responsibility" and their right wing media always say Labour will take us back to the 1970s. At this rate under this disaster capitalist 13 year Tory regime, we'll be going back to the 1800s.

  • @user-wd7th6ri7r
    @user-wd7th6ri7r Рік тому +2

    Once upon a time there was a vacancy for a Life Guard. Trizz Lust (not her real name) applied for the job, even though she couldn't swim. Eventually only two candidates remained. The toffy nosed selection panel discounted the highly qualified rich Indian fellow in favour of the dumb white kid (Trizz Lust), who although was rather clueless & of course couldn't swim, had a neighbour/colleague who could swim, was big & brash & luckily knew it all. The first week in their new job disaster struck. But that story is so unbelievable & incredible, you would wonder how the bungling pair were ever let loose & allowed to drown a generation of gullible innocents. Pure fantasy, or maybe not so pure ? Just criminal ! Should have guessed what Cozy Dunt & Karzai Carcrash would be like in charge.

  • @David_Baxendale
    @David_Baxendale Рік тому +5

    I would like to ask my government to please stop this "hold my beer competition" we seem to be having with the US at the moment.
    We do not need to be taking part in drinking competitions with our younger siblings. We're just not up to it any more..

  • @alex_n8863
    @alex_n8863 Рік тому +76

    "In't capitalism brilliant!" 😬

    • @dh1380
      @dh1380 Рік тому +3

      BRILLIANTTTTT

    • @tomtheeagle1
      @tomtheeagle1 Рік тому

      You'll not see the funny side of us all living back in caves!

    • @FueledbyJohn
      @FueledbyJohn Рік тому

      @@tomtheeagle1 Ah, well you know what they say about the underground art scene. 😅
      ua-cam.com/video/aTcQm7X_BCo/v-deo.html

    • @tjenadonn6158
      @tjenadonn6158 Рік тому +1

      Shit like this is why everyone in my family is some shade of anarcho-socialist. The working people will have to save ourselves, as government and capital are to halves of the same cock that's been fucking us since time immemorial.

    • @alex_n8863
      @alex_n8863 Рік тому +1

      @@dh1380 "I'll get me coat..."

  • @LordJuzzie
    @LordJuzzie Рік тому +2

    Its an achievement of sorts this government has United the country in condemning their economic plans

  • @cres2687
    @cres2687 Рік тому +52

    TORIES ARE SUPPOSED TO BE THE PARTY OF STRONG ECONOMIC POLICY LMFAO

    • @clareowen2047
      @clareowen2047 Рік тому +2

      😂😂😂😂😂😂

    • @GlennLeinster
      @GlennLeinster Рік тому

      Well that's what the MSM and the Tories say but all of them are a bunch of low life wankers

    • @monkeytennis8861
      @monkeytennis8861 Рік тому +5

      They're basically UKIP these days.

    • @kanedNunable
      @kanedNunable Рік тому

      yeah but they never have. they just say it and idiots believe them. look at the data and it shows a very different story.

  • @prakashsingh777
    @prakashsingh777 Рік тому +12

    Rishi Sunak was spot on. He predicted this long back

    • @S.Mir786
      @S.Mir786 Рік тому

      He was as bad as Truss but not stupid like her I may add!

    • @protestmyhero5613
      @protestmyhero5613 Рік тому

      Lol Sunak don’t give a fuck married to a billionaire

  • @TerribleFire
    @TerribleFire Рік тому +16

    Liz Truss needs to go. A schoolgirl who shouts protest one liners is in charge of the country. She's ten times worse than Borris.

    • @hurri7720
      @hurri7720 Рік тому

      At least dumber.

    • @GlennLeinster
      @GlennLeinster Рік тому

      Johnson was a wanker Truss is a wanker and Starmer is wanking in the corner because he has only got a little one we're fucked

    • @austenkeith8891
      @austenkeith8891 Рік тому +2

      Of the current 357 Tory MP's is there even one you could consider even half way competent to be an MP let alone PM?

    • @TerribleFire
      @TerribleFire Рік тому

      @@austenkeith8891 Its a fair point. There are no Tory MPs in my part of the country so its moot.

  • @PtolemyJones
    @PtolemyJones Рік тому +7

    It id the end result of partisan political thinking. It has been happening in the US for decades, now it is happening over there. Truss is willing to borrow and borrow because she isn't thinking about the nation, but the parties. The Tories are borrowing, but Labour will have to pay it back, and they can bash Labour down the road for the trouble the Tories created.

  • @eduard7624
    @eduard7624 Рік тому +7

    Who voted for this Gov cos I haven't?

    • @GlennLeinster
      @GlennLeinster Рік тому

      Grandad Granma and the poor

    • @krashd
      @krashd Рік тому +4

      No one, we don't vote for governments, we vote for parties and they chose the government. Which is ironic as Tories like to call the EU leadership unelected. That one always amuses me.

  • @slipserslipman1841
    @slipserslipman1841 Рік тому +30

    Wow Boris being the safer option who would of thought

  • @seanmwh
    @seanmwh Рік тому +8

    I`m still getting my head a round the budget but the Treasury should own and be able to explain what they are doing to the media and public hiding is ridiculous.

  • @johnmcauley3042
    @johnmcauley3042 Рік тому +2

    Time for Eddie Dempster and the Enough is Enough campaign to take over as a new Labour.

  • @kaimingraymondchoi9909
    @kaimingraymondchoi9909 Рік тому +27

    I noticed that democracy in the Western world has a tendency to elect people that are good at talking and socialising, but people that do not sufficiently understanding how to run a country. Liz Truss is a typical example. Within a couple of weeks of appointment, she managed to generate such a chaotic situation in the country. The entire nation suffers. Not only that, financial crisis in UK would have a devastating effect on Europe and possibly on the whole world.

    • @52power
      @52power Рік тому +3

      "Good at talking"?

    • @randomuser5213
      @randomuser5213 Рік тому

      The UK’s share of the global gdp is 2.33% so it won’t cause a catastrophic ripple effect on the world

    • @kaimingraymondchoi9909
      @kaimingraymondchoi9909 Рік тому +7

      @@randomuser5213 London is the second largest financial center in the world

    • @simonpersson328
      @simonpersson328 Рік тому

      Liz Truss wasn’t elected

    • @oblongtom
      @oblongtom Рік тому

      Yes, but no one voted for her except a tiny tiny minority. Just over half of the tory members who actually voted voted for her. Not even her own MPs voted for her.

  • @babu1412003
    @babu1412003 Рік тому +5

    Send them for basic financial education first.

  • @chrismalcomson7640
    @chrismalcomson7640 Рік тому +5

    The one way to solve this crisis is a windfall tax on excess profits. What is it, £170billion from the oil companies alone?

  • @laimaruehlich30
    @laimaruehlich30 Рік тому +2

    UK was laughing when the government sanctioned Putin , Putin is laughing at UK now :))))))))))) Tables turned around :))))))

  • @toml1287
    @toml1287 Рік тому +2

    We’re all fucked, aren’t we?

  • @andrewondon
    @andrewondon Рік тому +3

    Just when you think Boris is bad, along comes liz truss to prove u wrong

  • @e.sanoop110
    @e.sanoop110 Рік тому +14

    Cutting taxes will decrease govts revenue and raising interest rates will cause recession. So the govts measures are totally illogical and it's similar to Sri Lankan govts policies which brought them the present severe economic crisis. If the British govt does not reverse their policies, then Britain too could become another Sri Lanka with very Lil hope of recovery and in worse case scenario plunge to a point of no return. Beware 😏😒😒

    • @MTCoblivsicas12345
      @MTCoblivsicas12345 Рік тому

      They also have to borrow more to cover lost revenue from the taxation.
      Hence the next generation being more screwed.

    • @leighduxbury3864
      @leighduxbury3864 Рік тому +1

      Actually lowering taxes increases revenue through increased consumer spending

    • @edddie7563
      @edddie7563 Рік тому

      @@leighduxbury3864 not when ur currency is worthless

    • @edddie7563
      @edddie7563 Рік тому

      @@leighduxbury3864 weaker currency=less buying power resulting in less gov. income

    • @protestmyhero5613
      @protestmyhero5613 Рік тому

      You don’t think europe is in the same boat? LMFAO

  • @PeterJavi
    @PeterJavi Рік тому +2

    I think the UK should hold another referendum. The question at hand should be: "Should Truss be deported to Isla de Pascua?"
    or maybe someone should pull a Caligula and put a literal horse up as a candidate

  • @onepom63
    @onepom63 Рік тому +2

    What ever happens they will just blame Russia…

  • @hannofranz7973
    @hannofranz7973 Рік тому +7

    Is this what Karl Marx was referring to when he foresaw the crumbling of capitalism for falling more and more into capitalist greed? In a certain way it also reminds me of the end of soviet times when it also became clear that there wasn't much margin to save and transform from socialist heritage. It definitely feels like an end game.

  • @rf9645
    @rf9645 Рік тому +25

    I've never voted before. Now I will be voting Labour.

    • @Rachel-tr8mg
      @Rachel-tr8mg Рік тому

      Great to hear.
      Tell your friends, your family and anyone far and wide to do the same.
      These selfish reckless fuckers have got to go.

    • @denismoorcroft4286
      @denismoorcroft4286 Рік тому +1

      What a waste of a vote

    • @andymackem9814
      @andymackem9814 Рік тому

      @@denismoorcroft4286 so who else? Labour is the only real chance of ousting the Tories.

    • @storms9023
      @storms9023 Рік тому

      @@denismoorcroft4286 You keep voting blue sweety. They'll bleed you dry.

    • @aleksandrao1245
      @aleksandrao1245 Рік тому

      Those who didn't vote share the responsibility of this mess and have zero right to complain.

  • @neotropos
    @neotropos Рік тому +1

    "'The moron risk premium' - the PM and the Chancellor are so incompetent, you just don't know what they're going to do next..." 😂😂

  • @jplater9191
    @jplater9191 Рік тому +2

    First Brexit, then breaking down of taxes; or how to ruin a blossoming economy.

  • @traceybradbury5022
    @traceybradbury5022 Рік тому +11

    Bet Boris plotting his comeback

    • @ianbutler8776
      @ianbutler8776 Рік тому +2

      This is what is worrying.... Imagine him pinching his chubby little cheeks. Genuinely fucking terrifying...

    • @gingerguinea-pigfromoneoft6394
      @gingerguinea-pigfromoneoft6394 Рік тому

      @@ianbutler8776welp if it’s him or liz “destroyer of feta” truss… you know what i’d rather just kill myself now that i think about it

  • @bullrider9617
    @bullrider9617 Рік тому +4

    When Yanis says it , then just believe it !!

  • @deborahcurtis1385
    @deborahcurtis1385 Рік тому

    "I have never seen such raging incompetence, ever". Pithy and devastating.

  • @svss2636
    @svss2636 Рік тому +2

    The UK should apply for IMF bailout

    • @Redpilled66
      @Redpilled66 Рік тому +1

      Great just what we need decades of austerity, destruction of public services, working longer hours and the only way to retire is to die.

  • @MrLoftusjj3
    @MrLoftusjj3 Рік тому +4

    Calling The UK An Emerging-Market Is No Longer A Joke
    The UK’s progression toward emerging-market status is moving so fast

    • @dendradwar9464
      @dendradwar9464 Рік тому

      All currencies except the US dollar are acting as emerging market currency .. big big big crash incoming .. massive crash coming all around the world .. irrespective of political leanings ..

  • @jameshart678
    @jameshart678 Рік тому +3

    After Liz, Boris is gonna look like a serious legend 🤣😂😅

  • @alphacentauri2134
    @alphacentauri2134 Рік тому +1

    Everyone is taking except the government? Where are they?

  • @BlueNightZX
    @BlueNightZX Рік тому +1

    i'm loving post-brexit england, their level of idiocy never fails to make me laugh