@@corvus1238 This is why we need to combat the far right, through organising in the green party! We can provide an alternative but we need to have hope, and put in the effort.
Public services are an integral part of a good life for most people. How do you get to the NHS hospital if you don't have a car? How do you have an NHS if the hospital has collapsed die failing concrete. How do you have good doctors if you don't invest in education and training.
It's already too late imo. Because there's not been any radical ideas for decades and we still are facing a neoliberal government, slso because things are now turning into a polycrisis, the momentum towards decline is so strong that only a complete political change (a Greens government , the true left with a really social agenda) , could possibly make a tangible difference. But I think it is the Reform that will prevail in the future... 😒
@@stephenbermingham6554 never... Check out what's happening in Argentina... Not perfect by any means but there is a lot of progress in a short period. Milei isn't everyone's flavour but you can't argue that he's changing things fast (some say for the worse in some ways). Also, whether you like Thatcher or loathe Thatcher, the UK in the 90's was better for (almost) everyone than the '70s.
As soon as the rise of the bus cap was announced I knew that it's going to be all over for them. All raising fares to £3 does is take more money from working class and poor people
Happy new year❤,I love the grounded reality of this channel!!! *If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation.*
Did someone just mention Mr Wayne!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is
We have people on both sides of the political spectrum who are not aware that the economic problem for the vast majority of the population is obscene levels of inequality. They are likely the same kind of people who think trickle-down economics is a reasonable concept that works, and not the widely discredited concept with no evidence behind it that it clearly is. In terms of the economy, we basically have Tories in Labour clothing who prioritise the asset-owning class, not the working class.
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@@lestrem11 Parents with Children at fee-paying schools are now paying VAT on those fees, and Farmers are no longer exempt from Inheritance Tax, that's a start.
@ No, I’m retired, so I’ve paid all the NI I need to to secure my pension, and continue to pay income tax on my income (and VAT) to pay for everything else.
What if you don't know how to trade any of these? I mean, I see your point. Some people have the money and are willing to invest. But the problem is where to.
Hey dude, this is 2025. People who aren't even traders make money from the crypto and forex markets and moreover there are already financial analysts and trading experts(PhDs) who have shelled out theories and ideas for years on how bit coin technically grows
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $75k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
Yes, but the Tories had the wealthy media barons on their side. They want the Tories or Reform (Tory extremists pretending to care about ordinary people) back.
It’s head bangingly frustrating to see Labour gazing into the distance and being blind to what is right in front of them. Before the election everyone I talked to, including some Conservatives who were disillusioned with the state of things. Everybody was quite prepared and indeed happy to pay a bit more tax to help fix things. Reeves sadly just demonstrates she hasn’t got a clue it’s difficult to think of a more inept and less cost effective stunt than scrapping the winter heating allowance. I completely agree this Government has imho about 9 months to set itself up with a chance of remaining the Government in 2029.
Are there any decent and real Labour MPs in the party? If so, they seem awfully silent about the handful of cretins who are in senior positions in their party. How do fools like Starmer, Reeves and Streeting maintain their positions? Is it about time we had a new political party that represents the working class because this so-called Labour government just seem like Tories in Labour clothing.
I agree. It’s impossible to see any other reason. Civil servants are available who can summarise previous reports on, for example, the care system and present a paper for discussion in Cabinet within days, but it’s evidently not happening. Why is there such a vacuum in policy making, unless it is being deliberately engineered to keep large corporations making astronomical profits at our expense, with large bribes going to politicians?
It’s not about money or funding. It’s about realising what works and what doesn’t work. It’s about working smarter . It about common sense and pragmatism and accountability which has totally gone out the window in recent years
Starmer has already shown that he won't listen to the people who voted for him. He thinks he is above all of that. If he doesn't tackle wealth inequality, he will fail, no matter how many times he gets on his high horse to declare himself above it all.
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Ok, have people telling you nothing and doing nothing, these posts, along with those of other commentators, are to spread information about the mess we're in with Neoliberalism
Who are these 'people' you speak of? Sounds to me like you're listening to the world of marketing and advertising. When I look at the array of issues affecting society in this country, your problem is non-existent. Care to clarify what you specifically mean?
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Labour won't do anything that will upset the people with money so we can look forward with dread to a far right Tory/Reform coalition in 5years time and God help us. Much like Blair, his mentor, he's throwing away the opportunity for change to improve the lives of the mass of people.
So simple isn't it... Just throw more money into the system and magic happens right? The problem isn't lack of money. Ultimately we have a government that is too involved in too many things that they really shouldn't be (often through quangos) and not involved enough in some other things (like water sector). I think the idea that more money for the NHS over simplifies the many problems the NHS has... Like the fact the GMC limits the number of doctors who can be trained in this country arbitrarily, meaning we have a lack of doctors... One example among countless stupid decisions over the years.
The problem with training doctors is that universities and medical schools get paid more in fees from foreign governments and under the way these institutions are funded, they need that money. Also, last year there were c2500 unemployed GPS's, because the government wants practices to take on Physician Associates because they're cheaper
That is what the new local authority mayors are about we have one in the west midlands and is a waste of time and money we also have the blackcountry developement agency doing the same job plus others
" the many problems the NHS has" Like too many patients!! One big problem the NHS has is the extortionist rents, that they have to pay, due to PFI contracts. Stramer could, if he so wished, cancel all PFI contacts; but that would hurt Tory Blair's million£ property business's, yearly-turnover.
@@peteraston4753 I reckon these new mayor's will be looked back on as a bit of a disaster in a few decades time... More singular powerful people like they've had in London over the last 30 years... Can't say it's been a resounding success...
Excellent analysis. Why do we suppose Starmer is not doing anything? Is it incompetence or is there a more sinister agenda being set at a level above his pay grade? Who really directs Labour?
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You are correct to suggest that the electorate want public services to work, but they also do not want to pay for it through higher taxes. For any government to raise taxes on “working people” is political suicide, and the result of this constraint is the imposition of solutions that probably will not work. Starmer’s plan relies on economic growth to generate the extra tax revenues to invest in public services. The problem with this plan is two-fold: 1. It won’t happen quickly enough 2. It probably won’t happen at all, since trade with our largest and most accessible market has become more difficult. So it’s back to square one at the next election, where once again deluded politicians will persuade a largely deluded electorate that prosperity is on the next horizon.
We Have to end this nonsense of 'growth'. It just is not sustainable anyway. The lousy political class keep adding debt based on a relationship to it. Yet they know population will soon crash worldwide. As that happens we will not be able to service all this debt. Growth, especially their idea of growth based on ramming in more people, can not last. (It is also not working here, actually working against it!) Basically it comes down to none of them know how to manage falling GDP and population, well and keep themselves sitting pretty too.
People are happy to pay taxes for public services. Sadly, the investor and asset-owning classes that put money in PAYE payouts are so invested in keeping wages depressed and maintaining the obscene levels of inequality we have in place, nobody can afford the tax. Couple this with the seedy and aggressively marketed corporate tax avoidance schemes as well as outright illegal tax evasion that the Panama Papers and Pandora Papers revealed, and it's clear the infrastructure tax income stream is compromised.
@@scootjohn777 i hope so he’s not for the working man , that was labour’s slogan but that was years ago the days of Dennis skinner and Tony benn it probably will be decades before they get a labour prime minister in a gain .
Which probably means the job of his Labour MPs is to get rid of him and replace this "dog in a manger" with someone who has the vision and guts to give us the change that was at least implied in the general election.
@@ScruffyTubbles McDonald would be working under the same handicap as Corbyn: A parliamentary party full of self-seeking time servers. The last thing they want is Labour policies which sour their chances of jumping to lucrative directorships and consultancies when the electorate boot them out. The Labour Party has become rotten to the core and the only remedy is a new progressive party.
The people in actual control of the PLP (i.e. Morgan McSweeny) are motivated only with factional spite and the faction they are against is anyone with any intention of making change.
It always amazes me how a handful of clearly unpopular senior government figures in a party are not easily removed. That said, if there are moistly good people in the Labour party, why are they so very silent and not up in arms at how Starmer has a transparent record of lying and not having any interest in tackling inequality the labour force is suffering with at the hands of the rich, asset-owning class. As far as I can tell, what we have at the moment is a Tory government in Labour clothing.
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Sounds like UK Labour is very similar to AUS Labor. Labor will do a bit about all the problems facing Australia, but not enough to make a big enough difference to any one of them. The alternative is even worse, for sure, and it's just a matter of time before they're back in control. It's hopeless.
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Richard, I really do think it is already too late for Kier Starmer. His government has alienated too many sections of society. His threat of more taxes to come is depressing many as they know this equates to more hardship.
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Norway is doubling down on Oil & Gas explo & development in 2025, as well as it's world class hydro and electrification programme. And they are also very frugal folkies by nature. What have we got.......not a lot.
While people brush this off I belive the biggest problem in the UK are the energy prices, Poorest country in the world (if you exclude London) and the highest most extrortionate price of energy, net 0 doesnt even make sense for a country freezing itself in harsh winters, we even had snow in london, we even had floods in manchester. I want to start companies, production, make stuff, small stuff and big stuff but i absolutely cant, its impossible, it just isnt possible to make anything here locally in the united kindom. It costs 32x as much here than it costs china to produce a product. All I hear from British people is all economics, economics and economics, when economics dont matter when you dont produce anything, produce stuff and the worst economies can heal themselves, and trying to over-regulate things. What are you even regulating? We make absolutelty nothing of value to export, Economics come later, make stuff first and for that you need competitive electricity pricing. 80% of our economy is service & finance based, what exactly will we get out of gambling, doing finance and trading other countries stocks? What exactly do we do except short other more hard working countries and the rich profit when they go bust and their stock bets were right? Is that all there is to making an economy?
@@jamesbarnes8016 "coal drove UK's industrial revolution" No it was water power and steam; they drove the UK industrial revolution, coal was a secondary element in many of the process.
We should also teach critical thinking skills at a very early age, so they are armed with the ability to sniff out bullshit when politicians and other snake-oil salesmen in the business world start talking bullshit.
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Labour _need_ to do something. Sadly what they are actually trying is more reviews, reports and focus groups, so they won't even have started actually doing anything for many years yet 🙁
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No one can fix GB in four years, it will take a generation. In 2029 Labour will lose, and it will take a generation (or more, depending on who wins) again.
That's 4 years away. And somehow you're comfortable saying that they will lose. Don't forget how many times incumbent parties in British politics have had their fortunes turn literally on a dime within a matter of a few days. You cannot predict the future so confidently.
Roosevelt put the US back on track within 100 days. It can be done, and quickly. That was after the Great Depression. If the political will is there. He used Overt Monetary Financing OMF, direct government currency creation used to enable social benefit such as schools, social care, hospitals, court houses, roads, bridges etc, etc. The direct investment created jobs, that in turn created economic activity and growth. As the investment was direct and not through bond/gilt sales using central bank non- interest bearing bonds there was no interest attached, there for no inflation, whilst gaining asset wealth in the people's name and better needed serviceses. This is the power of a monatery sovereign, a power that for years has been reserved for only a very few. There are many examples of OMF producing good economic outcomes at both the macro level feeding through to the micro level accumulating in long term growth stimulation.🙂
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This employer's NI rise is a tax on business. A tax on business is a TAX ON WORKiNG PEOPLE. Do people really think that Tesco or any other business is going to go from a 10% net profit to a 9% net profit? Businesses just pass this cost onto working people. Those that can't afford to go bust, increasing unemployment, it seems they do not understand these basic principles.
@@stuontwo677 I'd argue that subsidising the wealthiest people on the planet by subsidising their businesses (see the deals made with large corporations in order for them to build factories here - with not so many new jobs in the scheme of things) compared to no subsidy for smaller businesses where overall more people are employed supports the already 'made it' over those that aspire to try.
@@stuontwo677 I would agree. However, all those extra people being unemployed isn't great. Let's be honest, it's going to be nurseries, care homes, hospitality and high street retail that are going to go pop as they're disproportionately affected by it due to the threshold lowering, as they have a lot of low-paid part-time staff... probably going to be a blood bath! I own a business with 60ish staff and make a decent profit and we'll just put our prices up. The same as we did during COVID and Ukraine war when material/energy prices shot up.
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Richard, What you just told us in this video about UK Goverment would also apply to Sweden! The current political coalision to the right started the period with an austerity budget (i.e. "stram budget" in Swedish). The neoliberal mindset is hardwired into the Swedosh government incuding Finance Department.
Labour need to involve more backbenchers and Experrts in all areas then ACT on them!! Money is always available to Governments with Sovereign Currency!! NHS Ambulance service to not make very sick people die!!
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The UK has only 3 ways to raise capital, 1. taxation, if the economy and public will allow it but this takes at least a year to bring in new revenue, 2. Print money if inflation is low which it is not right now, but large quantity could lead to more inflation which will slow down the economy if central bank has to raise rates to tame inflation. 3. THE most common in the West, issuing new bonds/gilts, the problem here is that you raise the national debt which leads to higher interest rates for the economy going forward, and you need to make sure someone can buy it, if auctions begin to fail, this triggers the buyers of last resort and they are forced to buy the bonds - banks, pension funds and whoever else, the problem here is that they are forced to buy an asset that for now has low return around 4% or 5% and that can weaken the financial entity robbing it of higher returns elsewhere. Unless you can force entities outside the UK to buy but but that would require skilled diplomacy or an attractive offering.
If he carries on like this, Starmer will wish he didn't turn his nose up at the Labour members' calls for Proportional Representation. Even without PR, RUK Ltd are gaining ground.
I have every confidence Sir Keir will fulfill the last of your ambitions, 'wealth'.....the wealthy will grow ever wealthier, especialy the residents of Westminster.
Given her recent comments about “every penny” of the VAT raised on private school fees going to improve state education , which implied ring fencing the funds we have a Chancellor of the Exchequer who might not understand how government finance works.
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You have nailed it. Still not sure about net zero, but more R&D needs to be undertaken to find necessary tech or repurpose older technology. My point is that there has to be a way around the problem, without the Working class getting hammered yet again with middle/upper class BS
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We really have no idea how many people are even in UK and we know many use more services and take more than others so we must have a national ID card which would support so much and enable more transparent use on these services . It was Clegg who blocked the ID card project for no reason
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sort out housing needs and addressing the corruption which is now endemic, stop funding genocide,start funding NHS and tax the rich . But he was installed to protect the establishment. So expect noise about dinghies and manufacturing consent for war
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You recently made a video about why the state is needed. We need a functional state and one the represents value to the tax payer. The more tax the state receives, the worse things get because there is no longer accountability for failure. Public officials all too often fail upward. It doesn't matter if its red or blue, the same invisible people behind the scenes make the real decisions that have led to systematic failure.
All the things Richard mentions that the people want are not what the state wants. And Starmer is quintessentially a servant of the state, not the people.
I would say that increasingly they are becoming puppets installed by some external government or organisation. You are correct about their relationship with the public. The state that you mention, what is it? The monarchy doesn't want to know, so that leaves our hopeless but greedy politicians & the external actors pulling their strings.
They are all capitalist neoliberals and believe in the madness of homoeconomicus - nothing will change unless and until the ideology changes and both so called left and right are singing from the same sheet.
No, he's the servant of corporations. The state isn't going to serve his needs long term but corporations (legal back handers, lucrative 'consultancies') are and that's his main motivation.
@@corvus1238 : arguably it will amount to the same thing, but I really think it is the state/Establishment/status quo (interchangeable terms) that wants corporate dominance - for a number of reasons - and Starmer is happy to pursue that direction of travel on the state's behalf (country before party?).
I would also add to your list - restricting carry forward corporate tax and capital losses for both individuals and corporations to 2-3 years as opposed to 'indefinitely'. Reduce pension contribution tax relief to 30% as opposed to the marginal rate.
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Its bleak no optimism in this country how did we get here. We need a reset and less regulation, lower taxes to grow the economy, especially needed post Brexit. The current GDP to debt ratio is not sustainable. I worry about the younger generations we have too many low paid jobs housing which is now out of reach for most without help from parents and overstretched services. My friends who came over from Sydney recently were shocked with the state of our capital city and coastal towns.
I am living in a country way down the economic table to the UK. There is social cohesion, the streets are clean, crime is low and the major roads would be seen as super highways to the UK. Housing is a priority not something for a free market to solve. So what's the main difference after a while you notice it there are few multi nationals and the retail sector is mainly owned by individuals and not US corporations, so wealth circulates within the area and locality. There are no Walmart's sending their profits back to the rich in the USA. So how did the UK end up as the sixth largest economy but everyone's standard of living as been dropping? Quite simply the UK is now a colony and it's wealth exported.
Yeah, what does Starmer want? He will be sitting at his desk, trying to think-up a new slogan; "Make brexit work" nope that ones not working, the EU won't play ball. OK, I'll need sometime catchy `um` Yes I've got it; Starmer; Making Tory value work!!
@@ecaeas4439 Well, the UK should - like many other third world counties - negotiate a separate trade deal with the EU. However, the UK are very unreliable, when to come to keeping to the letter and verse of negotiated treaties, so the EU might not be too seriously interested. That's probably one of the problems that the UK has when negotiating with other countries, they can't be trusted!! Since brexit - and all the promise that the rest of the world would be falling over themselves to trade with the UK - no-one has shown any interest in trading with the UK. To the contrary; trade has been lost to the EU. And Poland is the biggest beneficiary of brexit.
@@Hickalum inflation is the answer. Moreover printing money doesn't get anymore assets or resources on a macro level. More inflation just means more out of reach for majority of the public.
Creating all the money it needs only happens when very wealthy people and institutions are in trouble. We basically have socialism for the very rich and brutal capitalism and austerity for the rest of us. The Magic Money tree only blossoms for the investor and asset-owning class. The rest of society be damned.
Tax is the govts first line of social management. Taxes only rather indirectly affect govt spending. Taxing should by used to limit inequality. That was stopped by Thatcher & continued by Neo liberal new Labour. The result of not controlling the accumulation of astonishing wealth is Oligarchy & a dystopian depletion of the middle class; a 2 tier society of peasants vs SuperRich as is the historic norm. As we see in the UK & US where political power is now bought, as is the media by billionaires. Check out @garyseconomics
Starmer absolutely has to get things done. He absolutely has to start to fix Britain if he wants a mandate in 2029. Realistically though he's not going to lose the 2029 election. Reform UK doesn't have the broad base of support to break into double figure number of MPs, let alone get a majority. The Conservatives won't be forgiven so easily for breaking Britain in the first place, so they won't win a majority either. Who else then is left?
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Where is the money coming from? When France tried a redistributive tax, they got a fraction of what they expected because most rich people just moved their money abroad.
IHT is the way, though not on small and mid-sized farms, and making income tax as progressive as it used to be in the 70s while closing down the loop holes created by Thatcher et al, e.g. borrowing against investment wealth etc.
@@timothyrussell4445 We should work to lighten the load of mankind, Imagine if we did... Would love to hear from your positive notes🤍🤍sᴇɴᴅ🤍🤍ᴍᴇ🤍🤍ᴀ🤍🤍ᴅɪʀᴇᴄᴛ🤍🤍ᴛᴇxᴛ🤍±𝟷𝟸𝟶𝟹𝟽𝟿𝟺𝟽𝟾𝟸𝟻🔝😇
Problem is there's no good alternatives to Labour, the Tories have already shown they're not up to the task, and would you really trust the fate of the country to a man responsible for one of the worst political and economic own goals in history, Farage, who engineered Brexit?
I think Kier Starmer is doing exactly what the WEF would like. Which means making as much money for public-private partnerships as possible. The contracts are designed to allow outcomes to be measured not in terms of quality, but in auditable target numbers, or leaving audit paper trails. As such, services suffer. Forget Roads, EVs are coming in; and most can’t afford to spend £50k on a car every few years so we don’t need an expanded road network, or even a repaired one. Taxation - I’m expecting it to get higher. Food; carbon footprint rationing. Flying - increased taxation. A fresh Pandemic to get some more jabs in? Just to add flavour and a hero moment?
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Reasons why I will never vote Labour. Starmer and others having clothing glasses and other freebie’s, Pensioners winter fuel payments , crime rates, Waspi Women, stopping the small boats by going after the gangs. The budget putting up National Insurance the list is endless.
Well said Professor. I am just an old Engineer but wonder who is advising Sir Kier and his cabinet as he seems to be making poor choices, for example, on the green economy I don't believe they will achieve what they seem to want as I don't believe they have a costed funded plan.
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Whatever the hue, the politicians running the country do not know how to make government work. We shouldn't be surprised they don't know how to make essential services work either. Throwing more money at it will simply sustain the status quo. No thank you. Redistributing wealth will not lead to growth. It will lead to the export of wealth. Family owned farmland is only being taxed as it cannot be moved. New wealth (and that's what we want) is created by ideas, enterprise, investment and low taxes. This where the government should be focused. An accountant will only tell you what happened yesterday.
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@RichardJMurphy What do you think about using georgism ideas such as land value tax and economic rent of natural resources to change the tax system and redistribute wealth? Seems to me that this could solve a lot of our problems and it could be done in a gradual way that's not too revolutionary for people on both the left and right. Gradual but that could still see actual real benefit for people
@BrinJay-s4v neither 😂 are you suggesting georgism is communism? It's not even close, Georgism is a form of capitalism and is incompatible with full blown communism. George and Marx were described as mortal enemies. It can be used by both right and left wing ideology. They just have different approaches to it. It's just a fairer and potentially more efficient form of taxation. For example from the right they would likely prefer to replace other taxes with a land value tax, so people can still own property while paying less tax and the government can raise more tax revenue because it's more efficient. Left wing georgists might be more inclined to want public ownership of the land. So want the government to acquire in some way all of the land then sort of rent it out which would be their equivalent of the land value tax, I believe. I support the least harsh transition which would be gradually implementing a more right leaning version of Georgism despite having a more left leaning political view
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You're giving Starmer too much credit. He has to fund & assist Israel with the genocide, of which he is intent on taxing us more for. He says much less about Ukraine or the possibility we may find ourselves in a new world war. I honestly believe he's not here for our benefit, AT ALL.
He has already confessed to acting on behalf of the WEF and hence against the interests of all but the so-called 'elites'. He appears to despise ordinary UK citizens.
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Just filling the potholes would go along way, our roads are worse than Africa's. When are they going to fix them ? The roads are part of the foundations of the economy. We were last quoted 12bn, a small price to pay to win more votes and a show of good faith. Starmer could always fill them over his weekends, if he wants to save a few bob. What were Labour doing for 14years while in opposition, where are all their plans ? Bring back Corbyn ?
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It spends it into existence. That's where all net pounds come from in the entire economy. Bank money cancels out when the loans that created it are paid. Money doesn't come from any other place (The BoE is an agency wholly owned by the government and as monopoly issuer of Sterling, cannot run out of money by definition).
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but without investant you have no new technology and most investmant is by the state, not one part of the i phone didnt come from the states investmant,
@@robertallen591 Most things have been invented by individuals with very little money. Turning the invention into a manufactured product does require investment.
@@stevo728822 Why does everyone seem obsessed with manufacturing? You can create new technology and implement it into export services, which is a lot of what happens today in the global economy. AI software products being exported, accountancy software, financial services, consultancy services, advisory services, etc etc. You can build more economic prosperity just as much through expanding services as you can manufacturing. This is actually exactly what the resolution foundation (who released the paper on fixing the UK in consulting numerous economists and other exports) says government should do. Double down on what the UK economy is now if the focus is just economic growth, whilst bringing in other measures to address inequality.
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So Cameron, May, Johnson, Truss and Sunak have left a long legacy of mismanagement and now in very short term Labour should right all their wrongs? This seems unreasonable on your part.
@crayontom9687 Because decades of mismanagement are not corrected in 6 months. I am not sure so please correct me, was it the Conservative folks that squandered the riches of north sea oil or was it another group?
@@wayneessar7489 I'd like that looked into, too but I suspect all the i's are dotted and all the t's crossed: they were the Government afterall, and could change or make any law in their favour (which they did time and again - as will the current Government and the next). As an example, look at the Law And Order Bill, hmm, dodgy..
The situation is volatile on the right, they could merge or one might completely crumble/drop out. Also, Labour's grip on their former heartlands is far from secure. In places the Tories are unlikely to ever win because of residual brand awareness dating back to Thatcher low information voters who are done with Labour will support Farage parties to give them the finger - as they largely did in the last EU election we were part of. Labour under the Mandlesonian corruption caucus are emulating the US Dems who have just lost 2/3 elections to a blatant fraud & retarded rapist who attempted a coup & stole state secrets.
Let’s get people out of their cars and prioritise walking and cycling. Make it more beneficial for businesses to allow employees to work from home where they can. All simple things to help reduce obesity and also reduce our carbon emissions. But it won’t happen because voters don’t want it and the Govt. All any Govt. Is concerned with is POWER!
A greenie without science or logic. Carbon footprints are a confidence trick as CO2 is incapable of doing what's claimed so net zero will complete our destruction as intended.
But Richard....gilt rates are now rising...beyond the 4.22% rate when Truss was booted out. We're about to have a good old fashioned Labour financial crisis. Next stop...the IMF.
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I disagree. He has to make some things work for sure, but 2025 is not critical in terms of the next GE. That will be around 2027. The public perception is out of kilter with reality due to the severely distorted media which his predominantly hostile. Labour has already made positive steps but the big one's will not show benefits for a couple of years, but they will. I have already seen a little shortening in the waiting times for my NHS appointments for example. This was the second biggest deal for people at the GE. Keep that up and that is a big score. The Workers Rights Bill once kicked in will make a big difference to many working people at the low end of the scale. The problem is that the media will continue to ignore and distort the narrative to give the worst impression possible. The only counter Labour have to that is for people to actually feel the situation has improved for them. Starmer knows this. He has said so. To some extent this is partly Labour's fault as their PR/Media skills are crap. If people go into the next GE feeling that their situation has improved and will continue to improve, then they get a second term. The next 2 years don't matter. Their majority is unassailable. They will lose some Councillors and MPs but not enough to do serious damage. If not, then we could be on course for a Hung Parliament.
Higher tax and higher borrowing always 'get growth' is not true. What we need is innovation, not just for growth but also for deflation to improve standards of living. A centrally planned state is unlikely to innovate to drive change.
@@jamesbarnes8016 So much wrong in so few words. I do not advocate a centrally planned state. I believe in a proper mixed economy. Deflation is always destructive. And since when did meeting demand for public services destroy growth? .
"deflation" Requires a higher level of productively, thus more productivity requires a more inspired work-force. So "deflation" isn't going to happen. "Higher tax" her the focus was on the redistribution of wealth. The retribution wealth begets greater economic actives.
Remember when the tories were labour's biggest vote winner? If labour are not careful they'll be reform's biggest vote winner.
reform will have to become more than one trick pony before they will get anywhere near power
Sadly they already are. I am resigned to the fact that Farij will be PM in 2029.
Correct, they already have not been careful and for many, the next election is a labour loss.
@@corvus1238 I think you downplay the role that Musk will have in British politics.
@@corvus1238 This is why we need to combat the far right, through organising in the green party!
We can provide an alternative but we need to have hope, and put in the effort.
Public services are an integral part of a good life for most people. How do you get to the NHS hospital if you don't have a car? How do you have an NHS if the hospital has collapsed die failing concrete. How do you have good doctors if you don't invest in education and training.
By 2029 the damage will be done and it'll be way too late.
And people like Murphy will have helped a far right wing government just waltz right in.
@billB101 that's the trick...... Trouble is left n right are a trick against the people.
It's already too late imo. Because there's not been any radical ideas for decades and we still are facing a neoliberal government, slso because things are now turning into a polycrisis, the momentum towards decline is so strong that only a complete political change (a Greens government , the true left with a really social agenda) , could possibly make a tangible difference. But I think it is the Reform that will prevail in the future... 😒
@@billB101HOW? 🤔
@@stephenbermingham6554 never... Check out what's happening in Argentina... Not perfect by any means but there is a lot of progress in a short period. Milei isn't everyone's flavour but you can't argue that he's changing things fast (some say for the worse in some ways). Also, whether you like Thatcher or loathe Thatcher, the UK in the 90's was better for (almost) everyone than the '70s.
As soon as the rise of the bus cap was announced I knew that it's going to be all over for them. All raising fares to £3 does is take more money from working class and poor people
It was all over for them when they chopped the winter fuel allowance. People could see what sort of a party they really are.
austerity always hits the worse off
@@barriewilliams4526 I think it was over when they dropped opposing the 2 child benefit cap and saying they never opposed it
Adjusting that but not fuel tax was a terrible move. Disastrous for both economic fairness and the environment
Happy new year❤,I love the grounded reality of this channel!!!
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation.*
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
Did someone just mention Mr Wayne!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is
It's great to see you guys talking about Michael Wayne, This man changed the game for me. Good Man❤️
No doubts, this Michael Wayne must be an icon; how good is he and how safe is "profit making" with him.?
*with over 10 years of trading experience, Mr. Michael has built a solid reputation by helping many people build their finances through investing🇺🇸❤💯*
We have people on both sides of the political spectrum who are not aware that the economic problem for the vast majority of the population is obscene levels of inequality. They are likely the same kind of people who think trickle-down economics is a reasonable concept that works, and not the widely discredited concept with no evidence behind it that it clearly is. In terms of the economy, we basically have Tories in Labour clothing who prioritise the asset-owning class, not the working class.
well said
Tbf the left have consistently said this, don’t think that Labour are left wing, they’re not.
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We just want good quality, sustainable public services?
Yes…..but I thought ‘those with the broadest shoulders would pay for them’.
@@lestrem11 Parents with Children at fee-paying schools are now paying VAT on those fees, and Farmers are no longer exempt from Inheritance Tax, that's a start.
@@tlangdon12 NI going up affected everyone who works.
Haven’t you got a job?
@ No, I’m retired, so I’ve paid all the NI I need to to secure my pension, and continue to pay income tax on my income (and VAT) to pay for everything else.
@@tlangdon12 So it’s just the poor workers that are being targeted, not you. So just a case of ‘I’m alright jack’.👍
I don't know who needs to hear this, you've got to stop saving money. Invest some part of it, if you really want financial freedom.
Invest in bitcoin, gold, silver, buy stock, forex market, commodities. Just invest and save yourself.
Good talk, I tell my friends everyday. It's good to save money but gotta have that investing spirit if you really want financial freedom
What if you don't know how to trade any of these?
I mean, I see your point. Some people have the money and are willing to invest. But the problem is where to.
Hey dude, this is 2025. People who aren't even traders make money from the crypto and forex markets and moreover there are already financial analysts and trading experts(PhDs) who have shelled out theories and ideas for years on how bit coin technically grows
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $75k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
Kier won't do anything the people want
Agreed. He will however do everything he can for the rich, asset-owning class at the expense of the working class.
Nonsense.
Tories failed to do anything of these things for 14 years and yet they kept getting elected. Funny how this guy forgot this.
The problem is that Labour has the same aims as the Tories, he hasn't forgotten.
Yes, but the Tories had the wealthy media barons on their side. They want the Tories or Reform (Tory extremists pretending to care about ordinary people) back.
It’s head bangingly frustrating to see Labour gazing into the distance and being blind to what is right in front of them. Before the election everyone I talked to, including some Conservatives who were disillusioned with the state of things. Everybody was quite prepared and indeed happy to pay a bit more tax to help fix things. Reeves sadly just demonstrates she hasn’t got a clue it’s difficult to think of a more inept and less cost effective stunt than scrapping the winter heating allowance. I completely agree this Government has imho about 9 months to set itself up with a chance of remaining the Government in 2029.
The winter fuel allowance hasn’t been scrapped
Starmer, Reeves and Streeting are wreckers IMHO - here to deliver us to private finance. The only 'delivery' we'll see from them...
Are there any decent and real Labour MPs in the party? If so, they seem awfully silent about the handful of cretins who are in senior positions in their party. How do fools like Starmer, Reeves and Streeting maintain their positions? Is it about time we had a new political party that represents the working class because this so-called Labour government just seem like Tories in Labour clothing.
I agree. It’s impossible to see any other reason. Civil servants are available who can summarise previous reports on, for example, the care system and present a paper for discussion in Cabinet within days, but it’s evidently not happening. Why is there such a vacuum in policy making, unless it is being deliberately engineered to keep large corporations making astronomical profits at our expense, with large bribes going to politicians?
It’s not about money or funding. It’s about realising what works and what doesn’t work. It’s about working smarter . It about common sense and pragmatism and accountability which has totally gone out the window in recent years
Starmer has already shown that he won't listen to the people who voted for him. He thinks he is above all of that. If he doesn't tackle wealth inequality, he will fail, no matter how many times he gets on his high horse to declare himself above it all.
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Two Tier Herr Kier Starmer's beloved 'communities' must be protected...... nothing else matters to our former Director of Public Prosecutions.
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I want people to stop telling me what I want.
Ok, have people telling you nothing and doing nothing, these posts, along with those of other commentators, are to spread information about the mess we're in with Neoliberalism
@fylbike i notice listening doesn't figure in that reply.
Who are these 'people' you speak of? Sounds to me like you're listening to the world of marketing and advertising. When I look at the array of issues affecting society in this country, your problem is non-existent. Care to clarify what you specifically mean?
What DO you want?
@skyblazeeterno 🤣🤣🤣🤣🤣
Well said.Love and peace. Tim
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Labour won't do anything that will upset the people with money so we can look forward with dread to a far right Tory/Reform coalition in 5years time and God help us. Much like Blair, his mentor, he's throwing away the opportunity for change to improve the lives of the mass of people.
this
Difference so far is that under Blair the NHS improved significantly, only to be trashed by Cameron and Osborne et. al. from 2010.
Are you not at all angry about the grooming gang scandal?
@@jabberwockytdi8901only improved due to pfi and fiddling statistics
@@shanecle not really this happened under the Tories and is a failure of local policing than of the current gov.
How do you get the money for government investment if you don't tax everyone fairly including the wealthy?
Taxes are already ridiculously high
@@tomo_xD Not for the wealthy
So simple isn't it... Just throw more money into the system and magic happens right? The problem isn't lack of money. Ultimately we have a government that is too involved in too many things that they really shouldn't be (often through quangos) and not involved enough in some other things (like water sector). I think the idea that more money for the NHS over simplifies the many problems the NHS has... Like the fact the GMC limits the number of doctors who can be trained in this country arbitrarily, meaning we have a lack of doctors... One example among countless stupid decisions over the years.
The problem with training doctors is that universities and medical schools get paid more in fees from foreign governments and under the way these institutions are funded, they need that money. Also, last year there were c2500 unemployed GPS's, because the government wants practices to take on Physician Associates because they're cheaper
That is what the new local authority mayors are about we have one in the west midlands and is a waste of time and money we also have the blackcountry developement agency doing the same job plus others
@@fylbike sure. But universities aren't the problem if they are limited by the GMC surely?
" the many problems the NHS has" Like too many patients!! One big problem the NHS has is the extortionist rents, that they have to pay, due to PFI contracts. Stramer could, if he so wished, cancel all PFI contacts; but that would hurt Tory Blair's million£ property business's, yearly-turnover.
@@peteraston4753 I reckon these new mayor's will be looked back on as a bit of a disaster in a few decades time... More singular powerful people like they've had in London over the last 30 years... Can't say it's been a resounding success...
Excellent analysis. Why do we suppose Starmer is not doing anything? Is it incompetence or is there a more sinister agenda being set at a level above his pay grade? Who really directs Labour?
Dodgy Cayman Island hedge funds linked to the fossil fuel industry from what I hear
The Tories are paid to protect the rich, Reform want in on that action. Labour are just scared of the rich.
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You are correct to suggest that the electorate want public services to work, but they also do not want to pay for it through higher taxes. For any government to raise taxes on “working people” is political suicide, and the result of this constraint is the imposition of solutions that probably will not work. Starmer’s plan relies on economic growth to generate the extra tax revenues to invest in public services. The problem with this plan is two-fold:
1. It won’t happen quickly enough
2. It probably won’t happen at all, since trade with our largest and most accessible market has become more difficult.
So it’s back to square one at the next election, where once again deluded politicians will persuade a largely deluded electorate that prosperity is on the next horizon.
According to the good professor 1:02 “the government can create all the money it needs” which begs the question: Why are paying any taxes at all ???
@@Hickalum raising the money is easy. Raising the money and getting elected is not.
We Have to end this nonsense of 'growth'. It just is not sustainable anyway. The lousy political class keep adding debt based on a relationship to it. Yet they know population will soon crash worldwide. As that happens we will not be able to service all this debt. Growth, especially their idea of growth based on ramming in more people, can not last. (It is also not working here, actually working against it!) Basically it comes down to none of them know how to manage falling GDP and population, well and keep themselves sitting pretty too.
People are happy to pay taxes for public services. Sadly, the investor and asset-owning classes that put money in PAYE payouts are so invested in keeping wages depressed and maintaining the obscene levels of inequality we have in place, nobody can afford the tax. Couple this with the seedy and aggressively marketed corporate tax avoidance schemes as well as outright illegal tax evasion that the Panama Papers and Pandora Papers revealed, and it's clear the infrastructure tax income stream is compromised.
It would be nice if government and the media were able to articulate their own thoughts on these issues but perhaps they don't have any.
Starmer will be the last Labour prime minister for decades. After their performance.
he added no votes, while agreeing to tory economics so he cant achieve anything, and your bang on
And you know this how? Have you actually seen decades into the future or relying like most on hyperbole?
@@ecaeas4439 its inevitable if you do nothing ifferant nothing can change
@@scootjohn777 i hope so he’s not for the working man , that was labour’s slogan but that was years ago the days of Dennis skinner and Tony benn it probably will be decades before they get a labour prime minister in a gain .
Which probably means the job of his Labour MPs is to get rid of him and replace this "dog in a manger" with someone who has the vision and guts to give us the change that was at least implied in the general election.
Ask John McDonald.
@@ScruffyTubbles McDonald would be working under the same handicap as Corbyn: A parliamentary party full of self-seeking time servers. The last thing they want is Labour policies which sour their chances of jumping to lucrative directorships and consultancies when the electorate boot them out. The Labour Party has become rotten to the core and the only remedy is a new progressive party.
Nobody who would make that change is ever going to be a candidate you can vote for.
The people in actual control of the PLP (i.e. Morgan McSweeny) are motivated only with factional spite and the faction they are against is anyone with any intention of making change.
It always amazes me how a handful of clearly unpopular senior government figures in a party are not easily removed. That said, if there are moistly good people in the Labour party, why are they so very silent and not up in arms at how Starmer has a transparent record of lying and not having any interest in tackling inequality the labour force is suffering with at the hands of the rich, asset-owning class. As far as I can tell, what we have at the moment is a Tory government in Labour clothing.
Well said.
We are being played like a cheap fiddle.
They know what they are doing.
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@Richard-j-Murphy-m5z my psychic intuition is telling me this is not from Richard. 🤣
Sounds like UK Labour is very similar to AUS Labor. Labor will do a bit about all the problems facing Australia, but not enough to make a big enough difference to any one of them. The alternative is even worse, for sure, and it's just a matter of time before they're back in control. It's hopeless.
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Richard, I really do think it is already too late for Kier Starmer. His government has alienated too many sections of society. His threat of more taxes to come is depressing many as they know this equates to more hardship.
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Norway is doubling down on Oil & Gas explo & development in 2025, as well as it's world class hydro and electrification programme. And they are also very frugal folkies by nature.
What have we got.......not a lot.
Channelling Paul Daniels there.
@@eightiesmusic1984Labours economic ideas...and that's magic
Why does it matter whether people are "Frugal"?
@@ecaeas4439 because a frugal nation will generally make the right decisions. They've got a 1.4 trillion dollar wealth fund, we havent.
Because a frugal nation will generally make better financial decions. They've got a 1.4 trillion dollar wealth fumd, we havent. @@ecaeas4439
While people brush this off I belive the biggest problem in the UK are the energy prices, Poorest country in the world (if you exclude London) and the highest most extrortionate price of energy, net 0 doesnt even make sense for a country freezing itself in harsh winters, we even had snow in london, we even had floods in manchester. I want to start companies, production, make stuff, small stuff and big stuff but i absolutely cant, its impossible, it just isnt possible to make anything here locally in the united kindom. It costs 32x as much here than it costs china to produce a product.
All I hear from British people is all economics, economics and economics, when economics dont matter when you dont produce anything, produce stuff and the worst economies can heal themselves, and trying to over-regulate things. What are you even regulating? We make absolutelty nothing of value to export, Economics come later, make stuff first and for that you need competitive electricity pricing. 80% of our economy is service & finance based, what exactly will we get out of gambling, doing finance and trading other countries stocks? What exactly do we do except short other more hard working countries and the rich profit when they go bust and their stock bets were right? Is that all there is to making an economy?
Yep, if we want growth we need lower energy costs.
@@TeaPea111 nah lets just produce more economists and politicians.
Good point, the cheap price of coal drove UK's industrial revolution
@@XtergoBlue can we export them ?
@@jamesbarnes8016 "coal drove UK's industrial revolution"
No it was water power and steam; they drove the UK industrial revolution, coal was a secondary element in many of the process.
How do companies make money if they don't get any orders?
You can't put your name on pot hole repairs like you can with a BIG project
Listing all the things the Government should do this year, but not mentioning the one item that is currently leading all polls. Strange.
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Good get rid of liebour and kier stalin
Get the young into education and employment to build back the services that have be run down to squeeze a small profit out of reduced activities.
I think unemployment for older people is far more a problem
We should also teach critical thinking skills at a very early age, so they are armed with the ability to sniff out bullshit when politicians and other snake-oil salesmen in the business world start talking bullshit.
A week is a long time in politics .... there are 200+ weeks to the next election ... CAN WE AFFORD TO WAIT ??
OMG 🤮 lets make a countdown chart😅
Why vote for someone who you know won't fix anything, then wonder why he's not fixing anything?
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Labour _need_ to do something. Sadly what they are actually trying is more reviews, reports and focus groups, so they won't even have started actually doing anything for many years yet 🙁
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No one can fix GB in four years, it will take a generation. In 2029 Labour will lose, and it will take a generation (or more, depending on who wins) again.
That's 4 years away. And somehow you're comfortable saying that they will lose. Don't forget how many times incumbent parties in British politics have had their fortunes turn literally on a dime within a matter of a few days. You cannot predict the future so confidently.
four years is an eternity in politics.
Roosevelt put the US back on track within 100 days. It can be done, and quickly. That was after the Great Depression. If the political will is there. He used Overt Monetary Financing OMF, direct government currency creation used to enable social benefit such as schools, social care, hospitals, court houses, roads, bridges etc, etc. The direct investment created jobs, that in turn created economic activity and growth.
As the investment was direct and not through bond/gilt sales using central bank non- interest bearing bonds there was no interest attached, there for no inflation, whilst gaining asset wealth in the people's name and better needed serviceses.
This is the power of a monatery sovereign, a power that for years has been reserved for only a very few.
There are many examples of OMF producing good economic outcomes at both the macro level feeding through to the micro level accumulating in long term growth stimulation.🙂
Yes, by resigning
Optomistic to imagine Starmer can fix this, already the country's business best are jumping the sinking ship.
there are 0 chanche he gets to 2029, unless the labour want to disappear forever, they will replace him before this summer
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As Macmillan said the one thing that gets in the way is events.
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This employer's NI rise is a tax on business.
A tax on business is a TAX ON WORKiNG PEOPLE.
Do people really think that Tesco or any other business is going to go from a 10% net profit to a 9% net profit?
Businesses just pass this cost onto working people.
Those that can't afford to go bust, increasing unemployment, it seems they do not understand these basic principles.
I'd argue if you're a small business and can't afford it, you shouldn't be in business in the first place.
@@stuontwo677 Who will provide the jobs? The Govt😂
@@stuontwo677 I'd argue that subsidising the wealthiest people on the planet by subsidising their businesses (see the deals made with large corporations in order for them to build factories here - with not so many new jobs in the scheme of things) compared to no subsidy for smaller businesses where overall more people are employed supports the already 'made it' over those that aspire to try.
@@stuontwo677 I would agree.
However, all those extra people being unemployed isn't great.
Let's be honest, it's going to be nurseries, care homes, hospitality and high street retail that are going to go pop as they're disproportionately affected by it due to the threshold lowering, as they have a lot of low-paid part-time staff... probably going to be a blood bath!
I own a business with 60ish staff and make a decent profit and we'll just put our prices up. The same as we did during COVID and Ukraine war when material/energy prices shot up.
As if only working people matter
"Honey, I shrunk the economy!!"
Rick Moranis would make a more credible PM
Brexit did that
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Richard, What you just told us in this video about UK Goverment would also apply to Sweden!
The current political coalision to the right started the period with an austerity budget (i.e. "stram budget" in Swedish).
The neoliberal mindset is hardwired into the Swedosh government incuding Finance Department.
Labour need to involve more backbenchers and Experrts in all areas then ACT on them!! Money is always available to Governments with Sovereign Currency!! NHS Ambulance service to not make very sick people die!!
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So basically print money and tax rich people what could possibly go wrong?
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The Labour TikTok Ad is shocking that song😂
You make it all sound so easy....
I'd love to sit Richard and Gary Stevenson down together to see how their ideas may or may not correlate.
The UK has only 3 ways to raise capital, 1. taxation, if the economy and public will allow it but this takes at least a year to bring in new revenue, 2. Print money if inflation is low which it is not right now, but large quantity could lead to more inflation which will slow down the economy if central bank has to raise rates to tame inflation. 3. THE most common in the West, issuing new bonds/gilts, the problem here is that you raise the national debt which leads to higher interest rates for the economy going forward, and you need to make sure someone can buy it, if auctions begin to fail, this triggers the buyers of last resort and they are forced to buy the bonds - banks, pension funds and whoever else, the problem here is that they are forced to buy an asset that for now has low return around 4% or 5% and that can weaken the financial entity robbing it of higher returns elsewhere. Unless you can force entities outside the UK to buy but but that would require skilled diplomacy or an attractive offering.
If he carries on like this, Starmer will wish he didn't turn his nose up at the Labour members' calls for Proportional Representation. Even without PR, RUK Ltd are gaining ground.
Starmer needs to get off his arse and build the country again to deliver services, jobs and wealth.
I have every confidence Sir Keir will fulfill the last of your ambitions, 'wealth'.....the wealthy will grow ever wealthier, especialy the residents of Westminster.
Given her recent comments about “every penny” of the VAT raised on private school fees going to improve state education , which implied ring fencing the funds we have a Chancellor of the Exchequer who might not understand how government finance works.
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There won't be any extra revenue raised.
Best solution: support traditional families, stop usurious money printing.
You have nailed it.
Still not sure about net zero, but more R&D needs to be undertaken to find necessary tech or repurpose older technology.
My point is that there has to be a way around the problem, without the Working class getting hammered yet again with middle/upper class BS
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We really have no idea how many people are even in UK and we know many use more services and take more than others so we must have a national ID card which would support so much and enable more transparent use on these services . It was Clegg who blocked the ID card project for no reason
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That's police state stuff. "Papers please" is not going to fly in Britain, and rightly so.
sort out housing needs and addressing the corruption which is now endemic, stop funding genocide,start funding NHS and tax the rich . But he was installed to protect the establishment. So expect noise about dinghies and manufacturing consent for war
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You recently made a video about why the state is needed.
We need a functional state and one the represents value to the tax payer.
The more tax the state receives, the worse things get because there is no longer accountability for failure.
Public officials all too often fail upward.
It doesn't matter if its red or blue, the same invisible people behind the scenes make the real decisions that have led to systematic failure.
All the things Richard mentions that the people want are not what the state wants. And Starmer is quintessentially a servant of the state, not the people.
I would say that increasingly they are becoming puppets installed by some external government or organisation. You are correct about their relationship with the public. The state that you mention, what is it? The monarchy doesn't want to know, so that leaves our hopeless but greedy politicians & the external actors pulling their strings.
They are all capitalist neoliberals and believe in the madness of homoeconomicus - nothing will change unless and until the ideology changes and both so called left and right are singing from the same sheet.
No, he's the servant of corporations. The state isn't going to serve his needs long term but corporations (legal back handers, lucrative 'consultancies') are and that's his main motivation.
@@corvus1238 : arguably it will amount to the same thing, but I really think it is the state/Establishment/status quo (interchangeable terms) that wants corporate dominance - for a number of reasons - and Starmer is happy to pursue that direction of travel on the state's behalf (country before party?).
I would also add to your list - restricting carry forward corporate tax and capital losses for both individuals and corporations to 2-3 years as opposed to 'indefinitely'. Reduce pension contribution tax relief to 30% as opposed to the marginal rate.
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Its bleak no optimism in this country how did we get here. We need a reset and less regulation, lower taxes to grow the economy, especially needed post Brexit. The current GDP to debt ratio is not sustainable. I worry about the younger generations we have too many low paid jobs housing which is now out of reach for most without help from parents and overstretched services. My friends who came over from Sydney recently were shocked with the state of our capital city and coastal towns.
I am living in a country way down the economic table to the UK. There is social cohesion, the streets are clean, crime is low and the major roads would be seen as super highways to the UK. Housing is a priority not something for a free market to solve. So what's the main difference after a while you notice it there are few multi nationals and the retail sector is mainly owned by individuals and not US corporations, so wealth circulates within the area and locality. There are no Walmart's sending their profits back to the rich in the USA. So how did the UK end up as the sixth largest economy but everyone's standard of living as been dropping? Quite simply the UK is now a colony and it's wealth exported.
Less regulation? Explain what you mean by that
Yeah, what does Starmer want? He will be sitting at his desk, trying to think-up a new slogan; "Make brexit work" nope that ones not working, the EU won't play ball. OK, I'll need sometime catchy `um` Yes I've got it; Starmer; Making Tory value work!!
Okay so if you live in the EU and you're looking at the UK, are you pro accepting the UK as a member of the EU again or not?
@@ecaeas4439 Well, the UK should - like many other third world counties - negotiate a separate trade deal with the EU. However, the UK are very unreliable, when to come to keeping to the letter and verse of negotiated treaties, so the EU might not be too seriously interested. That's probably one of the problems that the UK has when negotiating with other countries, they can't be trusted!! Since brexit - and all the promise that the rest of the world would be falling over themselves to trade with the UK - no-one has shown any interest in trading with the UK. To the contrary; trade has been lost to the EU. And Poland is the biggest beneficiary of brexit.
This man hasn't realised that Labour is already dead.
Did you even watch the video?
You think Badenoch or Farage is going to be our next prime minister😂🤣🤭😂
@@storm_shadow78 musk is right. farage has the charisma of a week old frog carcass.
If “the government can create all the money it needs” then why do we have to pay taxes ???
@@Hickalum inflation is the answer.
Moreover printing money doesn't get anymore assets or resources on a macro level.
More inflation just means more out of reach for majority of the public.
Creating all the money it needs only happens when very wealthy people and institutions are in trouble. We basically have socialism for the very rich and brutal capitalism and austerity for the rest of us. The Magic Money tree only blossoms for the investor and asset-owning class. The rest of society be damned.
Tax is the govts first line of social management. Taxes only rather indirectly affect govt spending. Taxing should by used to limit inequality. That was stopped by Thatcher & continued by Neo liberal new Labour. The result of not controlling the accumulation of astonishing wealth is Oligarchy & a dystopian depletion of the middle class; a 2 tier society of peasants vs SuperRich as is the historic norm. As we see in the UK & US where political power is now bought, as is the media by billionaires.
Check out @garyseconomics
Starmer absolutely has to get things done. He absolutely has to start to fix Britain if he wants a mandate in 2029. Realistically though he's not going to lose the 2029 election. Reform UK doesn't have the broad base of support to break into double figure number of MPs, let alone get a majority. The Conservatives won't be forgiven so easily for breaking Britain in the first place, so they won't win a majority either. Who else then is left?
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Where is the money coming from? When France tried a redistributive tax, they got a fraction of what they expected because most rich people just moved their money abroad.
IHT is the way, though not on small and mid-sized farms, and making income tax as progressive as it used to be in the 70s while closing down the loop holes created by Thatcher et al, e.g. borrowing against investment wealth etc.
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Problem is there's no good alternatives to Labour, the Tories have already shown they're not up to the task, and would you really trust the fate of the country to a man responsible for one of the worst political and economic own goals in history, Farage, who engineered Brexit?
I think Kier Starmer is doing exactly what the WEF would like. Which means making as much money for public-private partnerships as possible. The contracts are designed to allow outcomes to be measured not in terms of quality, but in auditable target numbers, or leaving audit paper trails. As such, services suffer. Forget Roads, EVs are coming in; and most can’t afford to spend £50k on a car every few years so we don’t need an expanded road network, or even a repaired one. Taxation - I’m expecting it to get higher. Food; carbon footprint rationing. Flying - increased taxation. A fresh Pandemic to get some more jabs in? Just to add flavour and a hero moment?
He will bring instability. Keir Starmer must go
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Reasons why I will never vote Labour. Starmer and others having clothing glasses and other freebie’s, Pensioners winter fuel payments , crime rates, Waspi Women, stopping the small boats by going after the gangs. The budget putting up National Insurance the list is endless.
Well said Professor. I am just an old Engineer but wonder who is advising Sir Kier and his cabinet as he seems to be making poor choices, for example, on the green economy I don't believe they will achieve what they seem to want as I don't believe they have a costed funded plan.
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Whatever the hue, the politicians running the country do not know how to make government work. We shouldn't be surprised they don't know how to make essential services work either. Throwing more money at it will simply sustain the status quo. No thank you.
Redistributing wealth will not lead to growth. It will lead to the export of wealth. Family owned farmland is only being taxed as it cannot be moved.
New wealth (and that's what we want) is created by ideas, enterprise, investment and low taxes. This where the government should be focused.
An accountant will only tell you what happened yesterday.
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@RichardJMurphy What do you think about using georgism ideas such as land value tax and economic rent of natural resources to change the tax system and redistribute wealth?
Seems to me that this could solve a lot of our problems and it could be done in a gradual way that's not too revolutionary for people on both the left and right. Gradual but that could still see actual real benefit for people
not an AI bot just a commie bot.
@BrinJay-s4v neither 😂 are you suggesting georgism is communism? It's not even close, Georgism is a form of capitalism and is incompatible with full blown communism. George and Marx were described as mortal enemies.
It can be used by both right and left wing ideology. They just have different approaches to it. It's just a fairer and potentially more efficient form of taxation.
For example from the right they would likely prefer to replace other taxes with a land value tax, so people can still own property while paying less tax and the government can raise more tax revenue because it's more efficient.
Left wing georgists might be more inclined to want public ownership of the land. So want the government to acquire in some way all of the land then sort of rent it out which would be their equivalent of the land value tax, I believe.
I support the least harsh transition which would be gradually implementing a more right leaning version of Georgism despite having a more left leaning political view
There a different method being used than the conventional.
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Chucked off the telly by Christo.
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You're giving Starmer too much credit. He has to fund & assist Israel with the genocide, of which he is intent on taxing us more for. He says much less about Ukraine or the possibility we may find ourselves in a new world war. I honestly believe he's not here for our benefit, AT ALL.
I totally agree !.
He has already confessed to acting on behalf of the WEF and hence against the interests of all but the so-called 'elites'.
He appears to despise ordinary UK citizens.
Completly agree@@mrradman2986
All Labour had to do was run the country effectively and show how bad Tories were…
Has to, isn’t and making things worse.
Time he went and worked elsewhere.
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It’s already over forLabour mate, have you not been paying attention!!
Just filling the potholes would go along way, our roads are worse than Africa's.
When are they going to fix them ?
The roads are part of the foundations of the economy.
We were last quoted 12bn, a small price to pay to win more votes and a show of good faith.
Starmer could always fill them over his weekends, if he wants to save a few bob.
What were Labour doing for 14years while in opposition, where are all their plans ?
Bring back Corbyn ?
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So tell us how does a government make as much money as it wants?
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It spends it into existence. That's where all net pounds come from in the entire economy. Bank money cancels out when the loans that created it are paid. Money doesn't come from any other place (The BoE is an agency wholly owned by the government and as monopoly issuer of Sterling, cannot run out of money by definition).
Cuts are not the way to build a better economy.
no they take mone out of peples pockets and crimp demand,
Rabbits in the headlights, and I suspect being given the run around by the civil service.
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The question to ask is "Make government work for who?" The people? Unlikely. Corporate sponsors of (New) Labour? Probably.
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You don't create economic prosperity through high taxation. It's always been created through innovation and new technology.
but without investant you have no new technology and most investmant is by the state, not one part of the i phone didnt come from the states investmant,
@@robertallen591 Most things have been invented by individuals with very little money. Turning the invention into a manufactured product does require investment.
@@stevo728822 Why does everyone seem obsessed with manufacturing? You can create new technology and implement it into export services, which is a lot of what happens today in the global economy. AI software products being exported, accountancy software, financial services, consultancy services, advisory services, etc etc.
You can build more economic prosperity just as much through expanding services as you can manufacturing. This is actually exactly what the resolution foundation (who released the paper on fixing the UK in consulting numerous economists and other exports) says government should do. Double down on what the UK economy is now if the focus is just economic growth, whilst bringing in other measures to address inequality.
@@stevo728822 rubish most inventions are funded by the state
This guy is deluded definitely a WEF player
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Every penny spent on internal infrastructure stays in the economy. Unlike money sent abroad in so-called foreign aid.
👏👏👏
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So Cameron, May, Johnson, Truss and Sunak have left a long legacy of mismanagement and now in very short term Labour should right all their wrongs?
This seems unreasonable on your part.
Not really, why should we allow further wrong doing?
@crayontom9687 Because decades of mismanagement are not corrected in 6 months.
I am not sure so please correct me, was it the Conservative folks that squandered the riches of north sea oil or was it another group?
@crayontom9687 What has been done unlawfully?
@@wayneessar7489 Unlawful and wrong aren't the same thing. Lawful doings aren't always the right thing
@@wayneessar7489 I'd like that looked into, too but I suspect all the i's are dotted and all the t's crossed: they were the Government afterall, and could change or make any law in their favour (which they did time and again - as will the current Government and the next). As an example, look at the Law And Order Bill, hmm, dodgy..
With the right wing vote split between the Tories and Reform, it's a shoe in for Labour in the next election.
They'll combine
If you think Reform and the Tories won't do a deal to gain power, you're deluded..
The situation is volatile on the right, they could merge or one might completely crumble/drop out.
Also, Labour's grip on their former heartlands is far from secure.
In places the Tories are unlikely to ever win because of residual brand awareness dating back to Thatcher low information voters who are done with Labour will support Farage parties to give them the finger - as they largely did in the last EU election we were part of.
Labour under the Mandlesonian corruption caucus are emulating the US Dems who have just lost 2/3 elections to a blatant fraud & retarded rapist who attempted a coup & stole state secrets.
Let’s get people out of their cars and prioritise walking and cycling. Make it more beneficial for businesses to allow employees to work from home where they can. All simple things to help reduce obesity and also reduce our carbon emissions. But it won’t happen because voters don’t want it and the Govt.
All any Govt. Is concerned with is POWER!
housing available near workplaces? unlikely housing available at all... maybe
A greenie without science or logic. Carbon footprints are a confidence trick as CO2 is incapable of doing what's claimed so net zero will complete our destruction as intended.
But Richard....gilt rates are now rising...beyond the 4.22% rate when Truss was booted out. We're about to have a good old fashioned Labour financial crisis. Next stop...the IMF.
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Does anybody, REPEAT, anybody, believe a single word Keir Starmer says anymore.
Its over for labour regardless
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I disagree.
He has to make some things work for sure, but 2025 is not critical in terms of the next GE. That will be around 2027.
The public perception is out of kilter with reality due to the severely distorted media which his predominantly hostile. Labour has already made positive steps but the big one's will not show benefits for a couple of years, but they will.
I have already seen a little shortening in the waiting times for my NHS appointments for example. This was the second biggest deal for people at the GE. Keep that up and that is a big score.
The Workers Rights Bill once kicked in will make a big difference to many working people at the low end of the scale.
The problem is that the media will continue to ignore and distort the narrative to give the worst impression possible. The only counter Labour have to that is for people to actually feel the situation has improved for them. Starmer knows this. He has said so.
To some extent this is partly Labour's fault as their PR/Media skills are crap.
If people go into the next GE feeling that their situation has improved and will continue to improve, then they get a second term. The next 2 years don't matter. Their majority is unassailable. They will lose some Councillors and MPs but not enough to do serious damage.
If not, then we could be on course for a Hung Parliament.
Higher tax and higher borrowing always 'get growth' is not true. What we need is innovation, not just for growth but also for deflation to improve standards of living. A centrally planned state is unlikely to innovate to drive change.
@@jamesbarnes8016 So much wrong in so few words. I do not advocate a centrally planned state. I believe in a proper mixed economy. Deflation is always destructive. And since when did meeting demand for public services destroy growth? .
"deflation" Requires a higher level of productively, thus more productivity requires a more inspired work-force. So "deflation" isn't going to happen.
"Higher tax" her the focus was on the redistribution of wealth. The retribution wealth begets greater economic actives.