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

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  • Опубліковано 6 чер 2024
  • While the U.S. and other nations have begun to rebound from the pandemic, the U.K. has been struggling to turn the tide.
    WSJ’s Anna Hirtenstein explains why some analysts predict its economy will contract in 2023.
    Photo illustration: Marina Costa
    #Britain #Economy #WSJ

КОМЕНТАРІ • 721

  • @Edwardpotterv
    @Edwardpotterv Рік тому +711

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

    • @joecater894
      @joecater894 Рік тому +26

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

    • @tommcg927
      @tommcg927 Рік тому +76

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

    • @smdutton
      @smdutton Рік тому +51

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

    • @murphymurph8282
      @murphymurph8282 Рік тому +24

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

    • @scottloughton8880
      @scottloughton8880 Рік тому +23

      @@joecater894 Delusional.

  • @KingCharles3
    @KingCharles3 Рік тому +562

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

    • @VictorKovalets
      @VictorKovalets Рік тому +21

      😂😂😂

    • @jon6309
      @jon6309 Рік тому +39

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

    • @woozy7405
      @woozy7405 Рік тому +90

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

    • @saintblades
      @saintblades Рік тому +17

      Several countries actually 🤣

    • @woozy7405
      @woozy7405 Рік тому +27

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

  • @Raymondjohn2
    @Raymondjohn2 11 місяців тому +642

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

    • @martingiavarini
      @martingiavarini 11 місяців тому +2

    • @hermanramos7092
      @hermanramos7092 11 місяців тому +2

      @@martingiavarini

    • @hermanramos7092
      @hermanramos7092 11 місяців тому +1

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

  • @GillerHeston
    @GillerHeston 11 місяців тому +337

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

    • @joshbarney114
      @joshbarney114 11 місяців тому +3

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

    • @rogerwheelers4322
      @rogerwheelers4322 11 місяців тому +3

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

    • @FabioOdelega876
      @FabioOdelega876 11 місяців тому +3

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

    • @rogerwheelers4322
      @rogerwheelers4322 11 місяців тому +2

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

    • @FabioOdelega876
      @FabioOdelega876 11 місяців тому +3

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  • @sandrachivel
    @sandrachivel 11 місяців тому +803

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

    • @colemanjnr
      @colemanjnr 11 місяців тому

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

    • @Tinarayy
      @Tinarayy 11 місяців тому

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

    • @Lordlugard1
      @Lordlugard1 11 місяців тому

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    • @Edetienne123
      @Edetienne123 11 місяців тому

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

    • @nectarcityking
      @nectarcityking 11 місяців тому

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

  • @paxundpeace9970
    @paxundpeace9970 Рік тому +199

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

    • @bengardener8928
      @bengardener8928 Рік тому +2

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

    • @alondra3809
      @alondra3809 Рік тому

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

    • @Phil-bc2sd
      @Phil-bc2sd Рік тому +9

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

    • @randyvalantino6850
      @randyvalantino6850 Рік тому

      Nope

    • @kordellswoffer1520
      @kordellswoffer1520 Рік тому +1

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

  • @carthicss1
    @carthicss1 Рік тому +15

    When you can no longer loot other countries, you shrink

    • @alucardbalmond3480
      @alucardbalmond3480 Рік тому +2

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

  • @Conchapinon552
    @Conchapinon552 9 місяців тому +34

    At the very least, I now grasp the concept of leverage.
    Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

    • @Lincoln191
      @Lincoln191 9 місяців тому

      Most people simply enter the foreign exchange market without comprehending matters like this.
      The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjov the benefits of income management.

    • @GeorgiaMoore.
      @GeorgiaMoore. 9 місяців тому

      That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.

    • @Hermanjackson89
      @Hermanjackson89 9 місяців тому

      You are correct! Working with a financial advisor who has worked in a solid financial firm for a long time, such as John will actually set you up for success in life. I'm delighted I was able to reach out to "John Desmond Heppolette" earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.

    • @wilmabrock6401
      @wilmabrock6401 9 місяців тому

      Yeah real, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience

    • @FrederickBlein
      @FrederickBlein 9 місяців тому

      Please who is John Desmond Heppolette..?

  • @emilybrown2719
    @emilybrown2719 Рік тому +308

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

    • @FeliciaJudge
      @FeliciaJudge Рік тому +5

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

    • @emilybrown2719
      @emilybrown2719 Рік тому +2

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

    • @FeliciaJudge
      @FeliciaJudge Рік тому +4

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

    • @emilybrown2719
      @emilybrown2719 Рік тому +1

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

  • @davidlp3019
    @davidlp3019 Рік тому +14

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

    • @teamtoken
      @teamtoken Рік тому +2

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

    • @AA-hg5fk
      @AA-hg5fk 7 місяців тому

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

  • @Bokoyo
    @Bokoyo Рік тому +15

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

    • @edgardebruin5539
      @edgardebruin5539 Рік тому +5

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

    • @yiman7370
      @yiman7370 Рік тому +4

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

    • @penderyn8794
      @penderyn8794 Рік тому

      UK is a fake corporate country anyway.
      A wet dream of a dead English empire
      Britain has a much deeper older history.... With deep indigenous cultures like the Welsh

    • @Bokoyo
      @Bokoyo Рік тому +1

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

    • @Bokoyo
      @Bokoyo Рік тому

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

  • @Random17Game
    @Random17Game Рік тому +36

    1 word: Brexit

    • @drewh3224
      @drewh3224 Рік тому

      Brexit is killing UK..

    • @billlot5329
      @billlot5329 Рік тому +6

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

    • @Eoin-B
      @Eoin-B Рік тому

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

    • @winstonsmith2079
      @winstonsmith2079 Рік тому +2

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

    • @Eoin-B
      @Eoin-B Рік тому

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

  • @cherriepie
    @cherriepie Рік тому +6

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

    • @AA-hg5fk
      @AA-hg5fk 7 місяців тому

      Not to mention horrendously expensive childcare and blatant political corruption!

  • @pangs3798
    @pangs3798 Рік тому +34

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

    • @tomjones7184
      @tomjones7184 Рік тому +4

      Explain how? 🤣

    • @imastaycool
      @imastaycool Рік тому +9

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

    • @tomjones7184
      @tomjones7184 Рік тому +2

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

    • @user-bp1nc4ug4j
      @user-bp1nc4ug4j Рік тому +13

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

    • @tomjones7184
      @tomjones7184 Рік тому

      @@user-bp1nc4ug4j not sure where you’re getting there statistics from? Russia Today perhaps?😂 if people can’t afford food why aren’t there riots? Why aren’t there thousands of people starving to death? Your talking out your hole 🕳️

  • @naif8493
    @naif8493 Рік тому +75

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

    • @SiLoMixMaster
      @SiLoMixMaster Рік тому +19

      Yes a supply of too much money 😂

    • @naif8493
      @naif8493 Рік тому +1

      @@SiLoMixMaster That’s a minor contribution

    • @bengardener8928
      @bengardener8928 Рік тому +2

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

    • @marklapena854
      @marklapena854 Рік тому +3

      Yes! A supply problem caused by the B word.

    • @tropics8407
      @tropics8407 Рік тому

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

  • @riverraven7359
    @riverraven7359 Рік тому +36

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

    • @Pierrick2009
      @Pierrick2009 Рік тому +3

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

    • @riverraven7359
      @riverraven7359 Рік тому +5

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

    • @jonnyc429
      @jonnyc429 Рік тому +1

      That's been the UK for decades

    • @riverraven7359
      @riverraven7359 Рік тому +3

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

    • @jonnyc429
      @jonnyc429 Рік тому +1

      @@riverraven7359 I totally agree with you

  • @grahampalmer
    @grahampalmer Рік тому +39

    Useful. Clear & concise. Thanks.

  • @africanboi4542
    @africanboi4542 Рік тому +203

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

    • @bsetdays6784
      @bsetdays6784 Рік тому +1

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

    • @cloudyblaze7916
      @cloudyblaze7916 Рік тому +1

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

    • @selenajack2036
      @selenajack2036 Рік тому +1

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

    • @cloudyblaze7916
      @cloudyblaze7916 Рік тому +1

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

  • @Frenchylikeshikes
    @Frenchylikeshikes Рік тому +3

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

  • @AnnaFed015
    @AnnaFed015 Рік тому +470

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

    • @Windarti30
      @Windarti30 Рік тому +2

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

    • @WiolciaMrozowska531
      @WiolciaMrozowska531 Рік тому +2

      I'm new to trading can I get help like this ?? I have Been looking to invest part of my savings incrypto. Just don't know how to get started. Not about to take a loss on my savings...

    • @WiolciaMrozowska531
      @WiolciaMrozowska531 Рік тому +2

      I have about $15k I want to invest how can I contact him ?I’m in Australia .

    • @AnnaFed015
      @AnnaFed015 Рік тому

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

    • @tomaszcz_k
      @tomaszcz_k Рік тому

      Rodger Michael Karl really seem to know his stuff. I found his online-page, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him

  • @Anant2014Me
    @Anant2014Me Рік тому +7

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

    • @Anant2014Me
      @Anant2014Me Рік тому +1

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

  • @heavenbright2342
    @heavenbright2342 Рік тому +2

    Sick man of Europe, hungry kids, lack of heating

  • @jeycalc6877
    @jeycalc6877 Рік тому +4

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

  • @markgarcia8253
    @markgarcia8253 Рік тому +89

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

    • @Eoin-B
      @Eoin-B Рік тому

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

    • @souvikrc4499
      @souvikrc4499 Рік тому

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

    • @beaterbikechannel2538
      @beaterbikechannel2538 Рік тому +5

      "If you wait by the river long enough, your enemies float by"
      If we can stop crying into our audis and accept a few years of hardship and focus on building our own industries we will be on top of europe when that collapses.

    • @smdutton
      @smdutton Рік тому +4

      @@beaterbikechannel2538right…

    • @gabbar51ngh
      @gabbar51ngh Рік тому +12

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

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому +6

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

    • @rebekahwhite2939
      @rebekahwhite2939 Рік тому

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

  • @KarthikSoun
    @KarthikSoun Рік тому +3

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

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

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

  • @sachin2842
    @sachin2842 Рік тому +3

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

    • @azulaquaza4916
      @azulaquaza4916 Рік тому

      Lol why cant we just be friends with both XD

  • @annetteirish-frederick3668
    @annetteirish-frederick3668 Рік тому +1

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

  • @lawrencerobles6207
    @lawrencerobles6207 Рік тому +14

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

    • @kordellswoffer1520
      @kordellswoffer1520 Рік тому +9

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

    • @penderyn8794
      @penderyn8794 Рік тому +1

      Poor diddums. 150k is unheard of in the ignored peripheries

  • @bastouneuroatypicmusic6885
    @bastouneuroatypicmusic6885 Рік тому

    Im french. I like your way of making journalism.

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому +2

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

  • @Powerdawa
    @Powerdawa Рік тому +3

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

  • @fatherted2975
    @fatherted2975 Рік тому +12

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

    • @trevortaylor6634
      @trevortaylor6634 Рік тому

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

    • @fatherted2975
      @fatherted2975 Рік тому

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

  • @toy0008
    @toy0008 2 місяці тому

    nice to hear

  • @mosesImmanuel-sc6zy
    @mosesImmanuel-sc6zy Рік тому +1

    Wow amazing

  • @AkanshaPandey
    @AkanshaPandey Рік тому

    Interesting but very brief

  • @jimbojimbo6873
    @jimbojimbo6873 Рік тому +7

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

  • @jeshpost5216
    @jeshpost5216 Рік тому +1

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

  • @saintblades
    @saintblades Рік тому +4

    Yeah, we're screwed over here 🇬🇧

  • @jfielder48
    @jfielder48 10 місяців тому +1

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

  • @piyushkumar.021
    @piyushkumar.021 Рік тому +12

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

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

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

  • @carltonhouse1297
    @carltonhouse1297 Рік тому +1

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

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

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

  • @3dus
    @3dus Рік тому

    How difficult it is to spell Brexit?

  • @ryanrobinson521
    @ryanrobinson521 Рік тому +3

    Well they did want to leave to EU so

  • @jonsnow6741
    @jonsnow6741 Рік тому +1

    All are in serious trouble and all have manipulated the figures . we all need to hold on to our hats . those carrying excess debts will suffer greatly . cheap money is gone for many years .

  • @jamespark3510
    @jamespark3510 Рік тому +6

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

  • @tobia9630
    @tobia9630 Рік тому +4

    almost like Brexit happened or something

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому +2

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

    • @rebekahwhite2939
      @rebekahwhite2939 Рік тому

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

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому +8

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

  • @shmookins
    @shmookins Рік тому +57

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

    • @LibertyUnion-uz7qz
      @LibertyUnion-uz7qz Рік тому +19

      Hope they don't because of what they did to the world

    • @user-fu1ls7mf2r
      @user-fu1ls7mf2r Рік тому +8

      @@LibertyUnion-uz7qzyea cause the majority of people alive today are responsible for all the bad deeds of the past

    • @LibertyUnion-uz7qz
      @LibertyUnion-uz7qz Рік тому +18

      @@user-fu1ls7mf2r Britain needs to stop interfering in other countries affairs then, and focus on their own nation. They focus on destabilizing other countries when their own citizens are suffering.

    • @user-fu1ls7mf2r
      @user-fu1ls7mf2r Рік тому +3

      @@LibertyUnion-uz7qz the same way the people in many countries can’t control the government of there country the people of the uk can’t control there’s either

    • @LibertyUnion-uz7qz
      @LibertyUnion-uz7qz Рік тому +1

      @@user-fu1ls7mf2r True

  • @vishwas974
    @vishwas974 Рік тому +1

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

  • @sevenpot4299
    @sevenpot4299 Рік тому +36

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

    • @scarletcrusade77
      @scarletcrusade77 Рік тому +2

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

    • @b1zzy1986
      @b1zzy1986 Рік тому

      What it explains and the reality csn be completely different

    • @woozy7405
      @woozy7405 Рік тому

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

    • @imhopelesslyaddictedtofent4266
      @imhopelesslyaddictedtofent4266 Рік тому +1

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

  • @anthonyferris8912
    @anthonyferris8912 Рік тому +1

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

  • @abc-zz5zf
    @abc-zz5zf Рік тому +2

    UK is a sinking ship.

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

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

  • @bobandonevski7266
    @bobandonevski7266 10 місяців тому

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

  • @BioHazardCL4
    @BioHazardCL4 Рік тому +20

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

    • @VastKnowledge2023
      @VastKnowledge2023 Рік тому +1

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

    • @trevortaylor6634
      @trevortaylor6634 Рік тому +5

      To many crack Potts living here walking around with green heads

    • @stevenhenry5267
      @stevenhenry5267 Рік тому

      Right wing nonsense

    • @imsohandsome
      @imsohandsome Рік тому

      @@stevenhenry5267 but he's actually right. Food metal and energy are essentials to run a complex society and nothing is negotiable

    • @HS-sr9ww
      @HS-sr9ww Рік тому

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

  • @trevortaylor6634
    @trevortaylor6634 Рік тому +7

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

  • @pugscaniche7866
    @pugscaniche7866 Рік тому +1

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

  • @CoolDude911
    @CoolDude911 Рік тому +14

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

  • @AchwaqKhalid
    @AchwaqKhalid Рік тому

    *Where is the money?* WHERE IS IT 👀

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

    Most people lack financial stability

  • @Gamma3
    @Gamma3 Рік тому +2

    Short answer: Brexit

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому +1

    Domestic violence occurs in a lot of marriages and families

  • @williamkinkade2538
    @williamkinkade2538 Рік тому

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

  • @nirbhay_raghav
    @nirbhay_raghav Рік тому +1

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

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

    The majority of people have to have public assistance and SSI which is Supplemental Security Income from the Social Security Administration to pay rent and buy food and pay for transportation

  • @yansoe2191
    @yansoe2191 Рік тому

    I don't know why background music is there or needed. Making it a bit difficult to listen to the much nicer content. 😢

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

    Economic reasons. The lack of financial resources is why

  • @mramg6038
    @mramg6038 9 місяців тому

    Seen this in my feed & thought i'd comment how it didn't age well with the 2% increased GDP actuals as corrected by ONS last week.

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

    In rural Upstate New York they don't have rent stabilization
    Work on getting rent stabilization in rural Upstate New York and rural geographic areas

  • @nithinkumar3839
    @nithinkumar3839 Рік тому

    Yuan too!!

  • @stevebroadway7274
    @stevebroadway7274 9 місяців тому

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

  • @classicalmusic1175
    @classicalmusic1175 10 місяців тому

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

  • @LibertyUnion-uz7qz
    @LibertyUnion-uz7qz Рік тому

    Finally!

  • @angelachanelhuang1651
    @angelachanelhuang1651 9 місяців тому

    give us a year, inflation is bound to die out

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

    12/12/20, 1:29 PM
    My Dad Fred White worked for the Metropolitan Transportation Authority (MTA) as a bus driver in about the 1940's to about April 1972 and lived in Hempstead, Long Island and his first wife died in about 1967 which is sad 🙁 My Dad Fred White was a World War 2 Veteran in the NAVY and was a cook aboard ship near Pearl Harbor 😕 My Dad Fred White was about 65 years old when he had my younger brother David White with my mother 😕 My Dad Fred White died at 94 years old in August 2012 😕 My Dad Fred White drove his own car until he was 94 😕 I am very lucky to have had a World War 2 Veteran as my Dad in 1974 to 2012

  • @yongchen8204
    @yongchen8204 Рік тому +1

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

  • @nickyd922
    @nickyd922 Рік тому +2

    Blame Nigel Farage, Trump and Bannons UK mouthpiece

  • @sharadjain2463
    @sharadjain2463 Рік тому +1

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

  • @chriskim7123
    @chriskim7123 Рік тому +2

    BREXIT. Period.

  • @rgsclassicmusiccafe
    @rgsclassicmusiccafe 10 місяців тому

    If inflation is there then stop easy money increase rate of interest

  • @david5667
    @david5667 Рік тому +8

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

  • @webapple1
    @webapple1 Рік тому

    yeah but their food is INSANElY cheap , i saw someone on tiktok get a a chicken breast for £1.80 i think it was , that is $3 something translated here, the same chicken breast here would be $8-$10 easy , which is 4-5£ . our prices going up 7% so while yes they are going up 17% , 17% on products that are virtually 50-70% cheaper than what i pay is NOTHING. while their wages seem to be on par , i wonder why the UK seems so poor! , although in the Uk electricity is 3x the price it is here.

  • @ropro9817
    @ropro9817 Рік тому +3

    Why are prices still rising? Is it because they didn't raise interest rates high/fast enough? 🤔

  • @bsame
    @bsame Рік тому

    good

  • @bromion5123
    @bromion5123 Рік тому

    Britain has energy but the politicians choose to go for how dare you energy.It is a joke.

  • @jim-es8qk
    @jim-es8qk Рік тому

    yet it still out performing France, Italy and the majority of the EU.

  • @IfratMitul
    @IfratMitul Рік тому

    the tone is not right

  • @syedmohammadaanasfarukh890
    @syedmohammadaanasfarukh890 Рік тому

    2:08 winter of discontent 2.0... Need a real thatcher (not fake one like truss) 2.0 to set things right again.

  • @cathryn4697
    @cathryn4697 Рік тому +2

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

  • @bartevers1190
    @bartevers1190 Рік тому

    I ordered four posters in January in the UK. Posters for, like, on the wall. It is sitting in Dutch customs for weeks now and nobody can tell me when I will receive my goods. Pre Brexit this shipping would take two days. I think this says it all, I won’t be ordering from the UK anymore.

    • @tonivaripati5951
      @tonivaripati5951 Рік тому

      Good,

    • @gg-ps1vz
      @gg-ps1vz Рік тому

      the fact you chose the UK in the first place instead of literally anywhere in the EU tells me that you may in fact order from the UK again in the future.

    • @bartevers1190
      @bartevers1190 Рік тому

      This doesn’t make sense. And I won’t.

    • @gg-ps1vz
      @gg-ps1vz Рік тому

      ​@@bartevers1190 bro you ordered a piece of paper from a non-EU (international) country despite being aware of Brexit had already taken place. I didn't realise Dutch customs were so inefficient it takes that long for paper to get through it. If it was actually still stuck in the UK, i would've said fair enough.

  • @rebekahwhite2939
    @rebekahwhite2939 Рік тому

    Increase financial stability in communities

  • @LogicVsFacts
    @LogicVsFacts Рік тому +1

    Situation is bad in UK but not as bad in Ukraine. Brit's must not stop Paying for war in Ukraine. Long live UK-Ukraine friendship.

  • @Firedancer100
    @Firedancer100 7 місяців тому +1

    This did not age well

  • @LibertyUnion-uz7qz
    @LibertyUnion-uz7qz Рік тому +1

    Looters when they realize they have no one to loot from

  • @Sammy.a1287
    @Sammy.a1287 Рік тому +9

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

    • @hisokamorow4416
      @hisokamorow4416 Рік тому

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