Can Labour Policies Fix the Broken UK economy?
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- Опубліковано 28 чер 2024
- A look at Labour's economic policies and whether it will transform the fortunes of the UK economy.
0:00 Intro
0:33 Stability
1:46 Green Investment
5:11 Housing
7:11 Securonomics
9:13 Public Services
10:52 Brexit
11:32 Overall
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without watching. I'd say no. i think the best we can get is for the UK to not get any worse.
That's a big ask...
@@cleanhit777 yeah, I'm trying my best to be optimistic
Isn’t that rather optimistic ?
Stretch target - not worse by the time labor leave government.
To be honest they have absolutely no chance, unless they do something that is different to what they are promising.
I predict they will spend all the money the NHS needs on war, surveillance and thatcherite policy.
Red tories
It will get worse
Britain needs a completely new political system, a democratic one, if it is to improve the lives of ordinary people. Labour and Conservative have been around for far too long for any good that they might do. It's a game they play, offering inducements to the voter, like handing out sweets to children, while the corporate media looks on pedalling their insincerity, desperate to maintain the status quo that is a gasping, dying U.K. Ltd.
Quite agree, significant wealth taxes are needed to help tackle growing wealth inequality and invest in skills and infrastructure to help industry, then of course the elephant in the room - start by rejoining the customs union. Labour just seems so timid with the ‘ming vase’ approach that we risk seeing two terms of continued stagnation as the economy bumps along the bottom. Expect another house price boom as soon as rates are cut and this will heap more misery on the young as the rich buy up more and more of our assets.
190% agreed the system is completely undemocratic with MPs being whipped to vote a certain way and in this day and age people should have a much greater say in what happens in this country not just an x in a box every 5 years.
Agree. Plus, the leaders of both parties are morally bankrupt, and I wouldn't even trust with my piggy bank! They can't even stop weapons being sent to a country causing gen-0cid3
Politicians say they will create growth, jobs, etc. and at the same time reduce taxes and send lots more missiles to Ukraine at one million pounds a shot. This is even though there is diminishing tax revenue for the Exchequer from petrol, tobacco, and other sales. That's what used to be called kidology.
The U.K.'s economic decline is as much a moral problem as an economic one. Nobody alive has all the answers so we should approach the crisis (for that's what it is) with straight-talking and not have egos as tall as Trump Tower.
Too many UK companies are foreign-owned. Their responsibilities are to investors, many of whom have no loyalty to the U.K.. If the big American corporations got truculent they could quickly bring Britain to its knees.
@@speedboostr Very true. Too many MPs listen to lobbyists representing the City, private health industry, defence industries in the U.K. and USA, etc more than they listen to the long-suffering voters who put them into parliament in the first place.
"Four chancellors in 2022 alone" sums it up brilliantly.
The country is a basically a skip fire in motion. There are some areas which have certain value that have not yet caught fire, but its only a matter of time.
Government's need to be honest with people about just how broken public finances are. The national debt is humongous and we've been living off of borrowed money year on year for decades now. This wasn't so much an issued throughout the 2010s when debt was cheap, however rather than borrowing to invest in the medium & longer term value and productivity of the UK, our government of the day chose to cut cut cut here, there and everywhere resulting in a lost decade of investment opportunities. That same Government also decided to cut the UK off from its largest trading partner via Brexit and which has only added additional costs and delays to our essential supply chains.
There is a growing and ultimately unsustainable liability to support persons who are economically inactive, whilst simultaneously the state is subsiding the low pay of millions of people who ARE economically active because work simply does not pay anymore.
Additionally, the housing market is a HUGE ponzi scheme which is sucking vast sums of capital out of the UK economy and rendering it almost completely unproductive. This ponzi scheme is the bedrock of many of the issues that the UK faces today with the cost of living as larger and larger portions of household incomes are being devoured by housing costs/rents.
It's quite telling that none of the political parties want to discuss or address the MAJOR issued that afflict our country, instead they just tinker around the edges and vomit up hairbrained schemes that are of little or no value to anyone.
Politicians need to admit that they either do not want to or are simply unable to actually grasp the major issues and implement meaningful change that will improve the lives of the general public. Why? Because its not in THEIR interests? Or because the political instructions in this country no longer have sufficient power and influence to be able make the meaningful changes that we all need to see.
Brexit went right back to 2002 and the Blair’s governments open distaste for any member of the public that had any loyalty to the nation state. In 2016 they came back for their pound of flesh
you are 100% right.
I agree with you, but you are NEVER going to get a politician from the uniparty admit the reality of the situation. Most at the top will already know, and like their predecessors will be happy to kick the can down the road for as long as possible. Honesty isn't in their rulebook. Just keep on milking the system, keep fooling the public and keep up a front is their modus operandi.
@@klawlor3659 yeah, this is why there isn't a hope in hell for the UK. The boomers and xers are voting us into oblivion.
That's exactly the problem. The whole UK economy rests on the housing market. ( or did) . If prices drop we will just get foreign and domestic investors piling in . The solution is I think mass social housing again. But this time I say government buy up empty houses , say over 2 years empty, do them up and allocate to working families as well as unemployed and disabled . It's the only way rather than building which will take years. There's lot of army camps with empty houses as well .
To fix the broken economy, we need heavy economic investment to kick-start growth. That's what Biden did through the inflation reduction act. And it's not enough to just invest in renewable energy or green energy, we need proper investment such as roads, infrastructure, public railway, more housing etc. The government should meet fiscal rules but shouldn't hesitate to invest in order to get returns.
What your asking for is a miracle.
@@adam7802 are you one of them trickle down economics person?
Taxing wealth is the only way to improve the UK. The super rich are leeching money from the economy. Water, energy, trains, food. All the profit leaves the UK. Technology feudalism, Microsoft, Amazon Google all pay little tax and make huge profits all away from the UK.
I agree. Labour need to be transformative but in reality that's not going to happen. We have our own sovereign currency so can reasonably safely create the money for investment in a similar way to the US provided we are sensible. At present, Rachel Reeves seems to be far too ultra conservative, so it won't happen.
Poor Biden hasn't had much thanks yet. Boebert voted against his proposals then claimed the credit when investment materialised in her area. Fox news and Trump etc keep screaming that Biden has wrecked the economy despite an ongoing boom. Many of the voters in the USA have a quite perverse view of their world.
As long as the parasitic housing market, sucks all available funds away from investment in industry and the economy as a whole, things will only get worse.
I doubt that things will be very much better come July 2029....
It will not get better
Thanks for covering this - Excellent.
How about: Don't do neoliberalism and financial de-regulation, followed by bank bailouts, followed by austerity, and then Covid bailouts followed by austerity and wonder where the growth went and why inequality sky-rocketted ?
The Conservatives have never cared about economic inequality, despite what they might say. Even Thatcher, who championed in her speeches, social mobility was responsible for many policies which reduced it!
The bottom line is that people don't make enough money here. 100k in the USA for a IT admin vs 32 k per year here but the same cost of living.
A Burger flipper in Missisispi makes as much as a UK doctor and has much lower living costs 😂
Also, companies just do not give a sh1t about developing you. You have to train yourself and once you learn enough to excel at your job, you have to leave cos they won't pay you what you're worth!
Why is it like this , UK has massive labour oversupply due to immigration ?
@@fiddley 100%.
Except in the States there are health care costs and many similar overheads.
WEALTH TAX WEALTH TAX WEALTH TAX
Is doomed to fail. The Rich are very hard to nail down. It is more likely to prove counter productive. Probably a new rate of VAT on luxury items is a better way to go, but even then, they'll just buy their Jets and Yachts in another country.
I'm done listening to politicians who consistently promise the earth and then do nothing. It's like the boy who cried wolf. After 40 years of voting, I'm so disillusioned with our political system and the frankly incompetent people who only serve themselves. I see the same thing in business too: a lack of compassion for others and self serving grandiosity.
I don't think anything COULD be done. The massive glaring issue is that the economy as it stands basically exists to be a conveyour belt that delivers money to a 0.001% of people and the rest (including government) get whatever is left to lubricate the gears of said conveyour belt, just dumping money into a massive black void where it doesn't come out.
@@AurrenTV But it's all poor people's fault, not those who made them poor in their masses, according to the MSM.
The last Labour government brought down NHS waiting lists, increased education, decreased child poverty, introduced minimum wage, and decreased debt until the financial crisis.
Why are you lying?
Government's don't move on things, possibly through fear. What happened to sugar tax? Subsidise the healthy and necessary infrastructure and tax the luxury and unhealthy to pay for it. Let's at least have a workforce fit for work and able to get there on public transport.
It's not how markets work sugar tax isn't about health either it's control
@@samhodgins9804 if you say so
Very realistic analysis. There really is no short term solutions, which will be considered acceptable. Taxes on the upper middle class would have to be increased, but that is also the group of voters who decide which party form the government. Giving low income families more spending room would increase growth, but that is an impossible policy to get the average voter to accept.
Political and economic uncertainty has sparked concern amongst investors while investing the UK. Overregulation and crumbling infrastucture has stunted the UK's economic growth. Though Keir Starmer pledged to overhaul this nation, I reckon it will not be an overnight change as they are confronting intractable issues. Here in Fort Worth Texas, housing are usually 3.5 times the annual household income which is approximately 94k usd per year.
We need someone like alan sugar or branson in charge. They would sort the root problem . We dont need to worry about what to SPEND money on until we actually HAVE some money!
Note on the planning system. It is not the planning system that slows down housebuilding, permissions are always in excess of building rates. During the Blair government the planning sytem allowed for 400k houses per year but there was nobody building at near enough those rates - the average build rate since WWII is 170k per year and that includes the massive post war building programme. Also cost of housing is of course not directly linked to supply more availability of money as debt.
The economy of the UK as been going down the pan for years, and it will take decades to try and boost it ,and let face there's absolutely so political to do anything about it
NO - Saved you 12 mins
Don’t talk Britain down
No political party is grasping the nettle because of fear of many things, steady now dont rock that boat - cant have pure capitalism and cant have any sort of collectively organised enconmy. MOR policies forever!
Can the LabourConservativeLib Party save Britain? Let's see now:
Huge debt.
Huge number of elderly economically inactive people requiring pensions/care/shelter.
Record number of people on the sick.
Record number of economic migrants floating in across the channel demanding shelter.
Huge numbers of skilled Brits leaving.
Housing shortages.
Roads that resemble the surface of the moon.
5 hour waits for an ambulance.
I've gotta say I'm firmly in the "NO" camp on this one. As much as Sir Kier or Sir Ed may have differing instructions from their puppeteers, I'm pretty sure we're fucked!
Great analysis as always. I’d have a 3 point plan:
1. Significant wealth taxes
2. Use the money to fund investment in skills and infrastructure to help industry
3. Join the customs union
Customs union = freedom of movement to drive down wages , well done 👏🏻 🙄
All those money will run away to offshore accounts before UK can tax them.
when all those money left UK there will be less money invest into UK
@@imbonkers3629 single market is freedom of movement, customs union is regulatory alignment for seamless, tariff free movement of most goods and services. Well done :)
You can't join the CU as a non-member. It would have to be a separate customs agreement to reduce, not completely axe tarrifs from all trade between the Uk and EU.
@@imbonkers3629You mean the Single Market. The Customs Union and Single Market are distinct from each other.
There is no shortage of social housing, we have the fourth highest % of social housing stock in the OECD. The problem is supply and demand, not enough building and an open door immigration policy.
I absolutely hate the housing debate.
Ultimately if you want to solve it, you Have to ban buy to lets over 1 home, don’t allow non uk passport holders to own properties, ban lease holds. Then tax empty houses to the point they cost the owner to be empty, rather than seeing it as an investment. Just like most other countries in Europe🤷🏼♂️
You pointed out falling tax revenues from tobacco? Are you referring to the smoking "ban"? If so it's been estimated that the effects of tobacco cost the NHS 3 times more money than tax revenue from cigarettes
You’re once again in dreamland. You forget the U.S.’s Prohibition in the 1920’s. How’d that work out?
Do you really think simply banning smoking will instantly stop people from smoking? Get a grip and enter the real world. You will only create an underground (and illegal) subculture of smokers. People are people. Passing a law won’t stop it. All those illegal transactions won’t be taxed. When you’re ready, join reality.
Doesn't matter what policies they have, as long as they oppose democracy by opposing proportional representation, nobody should vote for either of the 2 main parties.
We need to invest more of our money in the UK , lower the population , stop importing energy by creating our own , and change the rented housing sector.
All of these areas need urgent but generational attention.
1:43 "don't do stupid things" 🤣🤣🤣
I would like to see a transaction tax of 1p on all online purchases with the money used to support investment. Surely this has to come at some point as the volume of overseas purchases especially china and (big companies like Amazon) make the high st untenable because of the inequity in overhead?
The Economy was doing okay under Labour goverments under Lord Wilson and Lord Challaghan, striving for full employment and racial harmony in the U.K. It did well too under Tony Blair and Gordon Brown, both are of course Statesmen of world reknown.
I imagine a new Labour government will re-jig and re-tweak the economy for the new world ahead, with its vast opportunities and challenges.
Excellent analysis.
Labour will have the advantage of a clear majority in Parliament (very different from the knife edge in both houses of the US Congress.)
Can we add to this? Sentiment. The electorate will experience a sense of relief and, as you say, will enjoy stability that’s been lacking for several years.
An uptick in sentiment may improve both labor productivity and labor force participation.
Is it the case that not all the Bonds held by the BOE will be sold? Bonds have a shelf life. So I am guessing the Bonds that mature while at the BOW will terminated. Is this correct?
This certainly sounds good too, but I think it's still worth considering more reliable options like copy trading platforms such as Eledator, for example.
Massive debt was created to save the banking system in 2008 and we never get that money back from them. Same debt that was created by Jorge Osborne a decade ago wasn't a problem as they kept low interest rates but when the cost of the debt increases due to highier inflation and interest rates now we spend 100bln a year just from interest on the debt that was never spent on us. Its not our debt! But two parties trying to solve the problem by rising income taxes , cut spending on services etc... Its the socialsm for the rich- no wonder why some people just giving up and decide not to want anything from life anymore by staying on benefits or by being economically inactive.
If we assume the UK is broken, it is hard to see any improvement under Labour now that they have ruled out and tax increasesthus leaving public finances in the same state. The IFS believes something will have to give if they want to improve matters. Otherwise they are much the same. Pity.
If the Tories won they'd continue to make everything worse with no reason to rethink their suicidal policies. So in this sense Labour will be better no matter what. Labour's policies make pragmatic sense so there is another improvement there. Beyond that the Tories have left the UK in such a ridiculous mess it will be a challenge for Labour or any Government. But Labour have much more talent & fresh ideas totally lacking in the Tories. So yes-yes-yes in so far as is possible.
I know they won't win, but when all the manifestos are out you should do a video talking about what impact the policies of the greens/lib dems/reform could have on the uk economy.
Btw i'm voting green, they're the only ones who seem to recognise the scale of the problem we face
Great video as ever, but the labour manifesto is not out yet.
Um, and what was the last 14 years? it was HELL.
I want to say thank you to the guy in the comments who recommended Eledator to me. You've been very helpful. Thank you!
what policies?
The massive issues that UK is facing cannot be resolved with some minor policy. We need a complete change of the system.
If they revoke IR35 if not vote reform
I'm just hoping to go back to square one.
0:35 Political stability is indeed important, but it's the RESULT of competent government, not something that a party can (or should) promise, but instead something they should strive to deliver. It's akin to saying "we promise to govern responsibly!", which is an empty promise, until you actually make good on it.
Instead, Labour are deliberately highlighting (and thereby trying to take advantage of) the infighting within the Conservative party, even while in government and using this to IMPLY that they're more fit to govern, but they've yet to prove that...
The only reason Labour has been brought in to manage antisemitism and Gaza but people will hate labour too and democracy will be heavily discredited… the economy will not improve because the underlying reasons are beyond their control (demographic decline, can’t borrow more, etc).
Everyone… get ready to be disappointed.
the real economic problem is growing wealth inequality. We have plenty of money, it's just increasingly being taken out of the hands of people who work and spend and pay taxes and into the hands of those who own and invest off shore.
@@WhichDoctor1 money is never a problem, it’s fiat. Problem is value, real wealth and inequality.
You say "Don't do stupid things" is merely a start but i think it is difficult enough in itself.
Stagnant wages? Maybe I have recency bias, but wages need to stop going up in the short term at least.
I think we all need to wait until the manifesto comes out. Let's hope so .
The stories have screwed up the countries but I’ve got zero faith labour can fix it. Same with the Tories though.
Vote reform, it's the only way to fix the UK
Before watching, my answer is no. Not for any complex economic reasons, but because Starmer was famous before he became a politician: he was the one who overruled his senior prosecutors and wasted public money prosecuting Paul Chambers in the infamous "Twitter Joke Trial." This is simply not the man with the brains needed to fix the current crisis (and I sense most of Britain knows this, as shown by the polls. Labour's lead is not created by some huge increase in support. It's just holding on to their tribal voters who would gladly elect a turd with a red rosette - and boy are there a few of those among the PLP.
Having now watched this in full. Strongly disagree on the success of the minimum wage. Many people I know have watched their above minimum wage income stagnate, while minimum wage rises. They're then doing technically skilled jobs, for barely above minimum wage. It's demotivational and depressing to witness. Wahoo! The unskilled person has more money, but we are disincentivising personal improvement and advancement. Why bother studying for two years? You'll earn just above minimum wage, not worth it. This alone demonstrates it has definitely not been an unmitigated success. You allude towards agreement with this when you point out how it won't affect labour participation or productivity.
Other than that it was an interesting analysis, but my original position from before the video stands, particularly given your summing up.
The main problems facing society are not being addressed to a sufficient degree by politicians in power in the EU, UK and USA. The wasteful economic system we have is not going to stop climate change.
I know that this is a very low bar, but if we can get back to a 2010 economy (i.e. just prior the Tories getting into power) in the next few years, then I would say that is a win. That would mean no more NHS strikes, no more train strikes and no more faeces in our lakes/reservoirs. Bearing in mind, a 2010 economy means that we will be coming out of the 2008 recession, something that the UK still has not recovered from and still massive income inequality.
Same as below.
maybe you could reduce the supply side of housing 🤔
5:53 Ha! I can see my house!
a free trade deal with the usa or europe will increase productivity though
Yes I really believe they can fix our economy if they just implement the right policies. Scrap the tories austerity policies for starters would go someway to sorting the problem. Give workers back more rights and job security so they feel confident enough to spend money into the economy. Tackle energy bills, council tax rises etc. Increase corporation tax as this would bring in more revenue to the government and encourage those big corporate businesses to start reinvesting more money back into the businesses. Because they'd rather reinvest the money than give the money to the inland revenue. It will take some time, not going to change much in say just 12 months. But if the con-servatives remain in power things can only get much worse
One policy could be recovery of the billions stolen during the pandemic. Another could be when issuing a work visa to clarify that it's to enable that person to work and is not to allow them to import their family and friends into the UK benefits, school and health systems.
Outside of the single market all we have to look forward to is managed decline. There's nothing Starmer can do about that. He'll do a much better job of managing the decline than the Tories would but it will still be a decline. Rejoining the EU isn't an option, at least not for a very long time. The future looks bleak for Blighty, it's time we started being honest about that.
UK has to join large trading bloc. Unless free trade deal with usa or eu I see no reason to be optimistic
I see Starmer and Johnson riding side by side on Unicorns to the sunlit uplands. They make Brexit work. Lol.
Great video. Why can't labour tax the super rich to generate funds, which could then be redistributed to the pockets of the average person. This would surely boost the economy? I know it's easier said than done. I want to know what would be the immediate effect of doing this? Maybe it would be a Liz Truss style scenario?
It's not Borrow and Spend. You should say Spend then Tax if the Spend doesn't pay for itself through a multipier.
If Labour takes seriously actually running the country instead of blaming everyone else while cleaning up for themselves, the rot may yet be arrested. That would be very conservative of them, conserving things and all.
Stagent wages were while the uk was in the eu wage growth now in the uk is 6% uk inflation is less than the eu now at 2.3% labour cannot borrow if they do it will be the same as when truss came in. So they will need to put up taxes. Build homes won’t fix it and putting down rates will force prices up with 1.2 million coming in each year you need to build 1 home every second. I’m a migrant in the uk and even I can see that the only real way to put down house prices is to put up rates this will bankrupt the people who borrowed beyond their means. Bad yep and people will go into negative equity giving up their homes. So really no matter that you do to force prices down people are going to get hurt. Best thing to do really is to get companies to increase wages to cope with higher costs. Stop things like In work benefits. As this helps companies pay less wages as why pay more when the government will top up salaries.
Little to disagree with, other than the elephant in the room…events. The economy shows signs of picking up a little and if external events (Putin, Trump, China etc) are benign things may start to gradually improve. I expect there will be increasing signs of alignment with the EU as a signal to investors. What l do not expect is immediate progress in housebuilding. This takes time, especially as Labour is talking about creating new towns.
Cool video! I'd like to add that there are other investment options in copy trading platforms like Eledator as well.
No of course not. No one in the Labour shadow cabinet has a clue about economics at all. No vision, no strategy, no idea.
There is no democracy without accountability , politicians “statistically” have the lowest incarceration rate of any field, this must change
Don’t get tie up! It will get worse.
It's really bad here in Leeds for housing, central Leeds is undergoing one of the largest redevelopments in Europe, but people are continuing to move here from all over the world so demand is still rocketing! More recently I've noticed a lot of American families moving here
Americans! How bazaar ! Blair opened the door to the world and that has been and will be our downfall…
Many British families also moving to Utah, Colorado and California
@@simonstones1918in America there are 700 000 British nationals and in the UK there are under 200 000 American nationals. So who is loosing there
@@user-rk3vw3pk4w you’re a much, much bigger country! So size wise you’re ok. Plus those will be higher contributing people…
@@simonstones1918 English people have been moving to America for 400 years. And Americans only recently started to moving to Britain. And it’s a relatively small number. Compare numbers of Americans and South Asians, Middle Eastern and Africans in Britain, it feels surely like a drop in a bath
Do enjoy your videos. Once the manifestos have actually been released you should do a comparison.
I can see Labour going for a zonal housing permit instead of a case by case system. That should help bring down prices
I don’t know whether Labour can fix it, there is little choice but to give them the chance. A problem is that there are insufficient penalties for politicians/Governments who fail to perform. After the corruption and lies of the last government the Conservative Party should never be allowed near power again. But in 5 or 10 years time they will be, and the nest feathering will commence again. I just hope Labour prove to be more honest, but I admit to having some doubts.
The Tories manifesto is just more of the same:
Higher mortgage costs if government borrowing drives up interest rates.
Worse public services if civil service jobs are cut.
Fewer job opportunities and higher costs for businesses if immigration is severely restricted.
Slower progress on renewable energy and environmental goals.
Public concensus suggests that improving underfunded public services like healthcare and getting timely hospital appointments is a major concern for voters, more so than tax policies being proposed.
The Tories continue to ignore or fail to adequately address the need for improving struggling public services in areas like healthcare, education, criminal justice, and local government.
I believe that one of our biggest problems, which this channel does cover, is Wealth Inequality. Why aren't the super rich, being taxed more? Well, unfortunately, its the super rich that we need to start investing in the UK. I would imagine, If you implement a tax on them before they start investing, they're not gonna invest. So, I think that's why Labour aren't saying, lets tax the rich!! like the Greens and Lib Dems are. Thoughts?
quantitative easing hurt the UK. it casued inflation and wealth inequality. it did not stimulate private sector investment. needs to be adressed
the one thing that never changed was employment protection, never been and never will be.the parlament even Alaw 0 contract hours Job wich is iligal after the Corona virus epidemiq.
Even Starmer would be better than the short Indian PM we have at the moment.
I doubt that labour will be able to change anything, it will rather be more of the same. I do agree with the political stability component, but labour has few ideas to really address the issues. I just cant see anything they want to do being effective. Renewables is a waste of money at the moment, as Australia, if they just focus on the real issues that actually address the economic needs things would get better.
Our fundamental problems go back to Thatcher and the shift to the dogma of Hayek.
Blair dude?????
Our fundamental problems go back way before that pal. Try looking at the actual oligarchy and the people who pull the strings behind the scenes. They're the problem, along with their puppets doing their bidding in the uniparty, sorry the LabourConservativeLib Party. You can pick any party you may fancy but you'll always get the same result.
@@damianbutterworth2434If you think Blair reversed course on that in any meaningful way you’re living in a parallel universe.
@@hideshiseyes2804 Blair is a one of the worst PM`s we had in my eyes.
@@damianbutterworth2434 Gordon Brown takes 1st position, Blair 2nd.
UK was a guarantor to Ukraine 's security, so the fact that there was a war in Ukraine is the fault of our government who didn't uphold the security assurances thatw e gave as a party to the Budapest memorandum. E.g. we could have closed the Ukrainian skies and supplied weapons between 2014 and 2022, taken them into NATO (with the exception of the occupied regions, similar to germany after the 2nd world war)
Britain needs to emulate the CCP political system the most effective econmic system in modern history. No shame, to admit
that unfettered capitalism destroys the lives of ordinary people.
You missed the biggest issue, which is inequality. There is plenty of money in this country it's just been concentrated into the pockets of fewer and fewer people over the last 14 years and it dosen't look like Labour is willing to deal with it.
Stealing wealth from one person and handing it to those who do nothing isn't a great solution.
one word
NO
No
Carn’t get any worse now? Can it? 😊
I honestly don't understand why you're discussing these dubious schemes. There are plenty of options like Eledator and similar ones that are fast and profitable.
Wtf are you talking about
@@Jacky-Boy crypto scam
Bot?
NO - because they are similar to the cons - the United Kingdom is basically a consumer service sector based country so their answer to everything is you should’ve done better in life we can’t help you.
At this rate after 30 years even we will need to pay more tax, I'm afraid there will be no pension for anyone, no more health care.
We need our tax on investment, not put all our money into running cost, paying debt interest. I rather see the govt cut more spending and lower our tax, I feel I like can manage my own health care and retirement much better than this country does.
Is there any such thing as unscrambling an egg?
So same old same old then - time for my fellow millennials and zoomers to emigrate!
Where?
@@vldgrs personally I would quite like to go to Portugal or South Africa - but yep, it's not going to be an easy move!
Texas has become a model of green energy production,The UK could look to Texas as a model of an investment-led boom .
IF, that is, Labour changes the pricing system for renewable energy.
Texas has an electricity wholesale market design known as locational market pricing. (LMP). This means that wholesale electricity prices vary by location and time. Hence connecting parties need to consider the likely price they will earn in the location where they opt to site. Connect and manage works in Texas as generators trade off the benefits of locating in high price areas (where grid access is harder to obtain) with lower price areas where access is easier to obtain. The reverse is true for large users - which has resulted in a proliferation of new data centres in the panhandle.
This contrasts to GB where since 2010 we have had a connect and manage policy but under a national market pricing regime (so the wholesale electricity price is the same at all locations in any period). Unlike Texas, this provides no incentive for market participants to consider location (other than a relatively dulled annual locational transmission charge) when siting. This has led to a large increase in wind generation in Scotland, but we now find that often there is not enough demand in Scotland to consume the electricity produced nor enough transmission to convey the surplus power to the rest of GB. However, Scottish wind generators still get paid (through constraint payments) funded by GB consumer. This amounts to £bn+ of transfer each year. In Texas, the market design means that no such payments are made.
The key point is that an LMP market, by design, reflects the physical realities of the network and hence can be applied to a market of any geography or topology equally effectively. This is not the case for national priced markets which, by design, seek to mask the physical realities of the network from market participants and, in so doing, distort the incentives of those market participants at an (increasingly material) cost to consumers in that market.
The UK has a similar system, I'm on Octopus Agile where the price changes every 30 minutes!
Awesome. Brilliant content. Spot on. Well said. Vote Labour party July 4 general election in England London Britain.
The problem is the UK is that all the smart people left in the 1980's and went to Australia.
For the Labour Party, raising taxes is in its DNA. It sees working families as little more than a cash machine, to be raided as it funds its utopian projects. It does not understand aspiration, and many of its MPs enjoy wallowing in the politics of envy. The financial security of British households would come second to net zero and the unions.
It has also revealed deficiencies in its approach to prioritising spending. Labour has failed to match the Conservatives’ commitment to raise defence expenditure to 2.5 per cent of GDP by 2030, and has now declined to say whether the Metropolitan Police would receive additional funding to deal with the shocking levels of crime in London.
It is a dispiriting summary of the price Britain would pay for a Starmer government: higher taxes for a more dangerous country.
Agreed, but the UK shouldn't be spending so much money on wars and so many other foreign projects when the UK is literally falling apart
Labour most certainly have committed to 2.5% GDP for defence. Also, defence spending was higher (2.7%) during the last Labour government. It is the Tories that have allowed our defence forces to wither on the vine, not Labour.
Furthermore, taxes right now, after 14 years of Tory rule, are the highest they have been in 70 years, so by definition, higher than under any of the Labour governments during that time. I therefore argue that high taxes are in the Tory DNA and conning people otherwise is their strategy.
It is the Tories and their failed economic model, austerity and trickle down economics (that never seems to actually trickle down, but somehow trickles upwards), that have ground this country down.
@@richardc513 There has been no austerity, if there had been austerity we would not have the highest taxes in 70 years. You have seen nothing yet, enjoy Labour you will be paying through the nose for them
It'll be more of the same, really, they won't start building houses: landlords will lobby not to see their investments go bust, there's no money for nothing, so, whatever, really.
Vote out to help out. Vote Labour 😅😅😅😅😅😅
Of course not. There are fundamental problems in the UK. Like all politicians, they will resort to palliative measures but in doing so they will simply make it worse.
You witter on (very coherently)) but , but small beginnings are good....., if the basic thrust is good. Starmer's seems to be. We Brits need to recognize how far we have fallen and how long it will take to adjust! (30years ??)? Still you state where we are but shy away from any other 'relevancies'.
Perhaps things will be better in twenty years' time. At my age of 69, I might as well leave now.
WE WILL BE BACK IN TO THE 70'S AND THE WINTER OF DISCONTENT.
Zero Hour contract's should be illegal honestly
I only vote Labour under tactical conditions in order to keep the Tories out of my constituent... And I will do so again...
But words from the VAST majority of our politicians, no matter what side of the aisle they're on, simply has no further meaning to me.
ACTION is what matters now! So I will be judging Labour solely on what they DO and not what they say!