What does ‘remodelling’ the UK economy look like? - BBC Newsnight
The government is asking us to view the fuel crisis and supply shortage as a turning point for the economy. But will voters buy that? Please subscribe HERE bit.ly/1rbfUog
Rishi Sunak has told Conservative party members that despite "challenges", Brexit would foster a "culture of enterprise" and help the UK adapt to the modern world.
His speech comes amid a difficult backdrop of rising food and energy prices, alongside supply chain disruption caused by a shortage of lorry drivers.
The government has so far rejected demands from the haulage industry for it to increase the 5,000 temporary visas it plans for foreign drivers to plug shortfalls.
Newsnight’s Political Editor Nick Watt and Sima Kotecha reports. Emily Maitlis is joined by Financial Secretary to the Treasury Lucy Frazer.
#Newsnight #BBCNews
Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews.
Website: www.bbc.co.uk/newsnight
Twitter: / bbcnewsnight
Facebook: / bbcnewsnight
Пікірлер: 661
Boris’s dad is so pro-brexit he got french citizenship just incase lol
@aljanat5375
2 жыл бұрын
That was for tax purposes, not something that directly affects you your highness.
@johnthefinn
2 жыл бұрын
@@aljanat5375 Tax-dodging doesn't affect public wellbeing? You must be a Tory.
@djoffski5712
2 жыл бұрын
Slimy made slimy.
@Tondaronleouf
2 жыл бұрын
Looooool
@valmal2659
2 жыл бұрын
@@aljanat5375 Are you seriously that stupid
It all adds up to the poor getting poorer. FACT.
@blairrobert3438
2 жыл бұрын
and the middle and upper middle.
@joaomelo7018
2 жыл бұрын
In this case, even the middle get poorer
@boruttrost5750
2 жыл бұрын
They aren't poor, listen to Sunak: they're just experiencing "cost of living challenges."
I love aggressive British interviewers calling out the guests
@brendonbre8745
2 жыл бұрын
She's not aggressive at all
@dominikas885
2 жыл бұрын
I find it annoying. Even if they don't day anything helpful I'd still want to know what they have to say.
@gaz9957
2 жыл бұрын
@@dominikas885 *spoiler alert* they never say anything useful.
@everythingiseconomics9742
2 жыл бұрын
@@brendonbre8745 If you think she was aggressive you are definitely British. This isn't a value judgement, compared with the average journalist in other countries she is extremely aggressive.
@wasteddragon8201
2 жыл бұрын
She was so aggressive, that she didn't care about answers. It kind of makes it not an interview. The BBC do a lot of these.
Remodelling = Rich getting Richer Poor and Middle Class = suffer and pay more taxes
@ageoflove1980
2 жыл бұрын
Yes, it sounds like the corporate lingo of "reorganizing"...
@asifjavedcloud
2 жыл бұрын
Well the country voted for brexit, I was shocked at the time, middle aged and elderly voters chose being independent and poorer over being in a union and being richer.. should have been an age cap, over 60 have sunk the ship for their grandchildren...
@stequality
2 жыл бұрын
@@asifjavedcloud nothing new there
@luminousfractal420
2 жыл бұрын
eugenicist government
@luminousfractal420
2 жыл бұрын
@@asifjavedcloud its been planned for decades. they were busy recruiting teens into the bnp when i was a kid. sports clubs. pubs etc. then when they needed the hatred they enabled the children of those unwitting child soldiers through the ukip party (the unnoficial but fully supported racist wing of the tory party). and now theyre all voting age and voted to leave the eu because of immigration. immigration that was enabled to help obscure and divert from the finacial crashes corruption scandal. we vote every 4 years but they plan decades ahead. generations ahead. westminster and the british media are massively corrupted.
Brexit will increase drivers' wages 🤣. Higher wages, yet inflation and prices are soaring. Not to mention the shortages. How foolish can people be and how brazen are these politicians?
@avarmauk
2 жыл бұрын
We are seeing supply chain induced inflation. Soon we will see wage push inflation.
The lies they are spinning are really offensive. Why don‘t they just put a proper economist in front of the camera and let him explain why this is all BS? No EU country has gas shortage or empty supermarket shelves
@julianshepherd2038
2 жыл бұрын
Boris pays their wages
@grtcara8386
2 жыл бұрын
Weird isn’t it that they don’t just go and slap on a Nobel winning economist to shut everybody down. I think it’s because the media loves the chaos
@originalunoriginal4055
2 жыл бұрын
What is England famous for ? What can England offer in terms of exporting globally ? Potatoes ? Apples? Seriously, how does England make money post-Brexit !
@amh9494
2 жыл бұрын
The USA does though.
@amh9494
2 жыл бұрын
@@originalunoriginal4055 services as usual, Singapore and Hong Kong do well as Islands off of large economic blocs acting as financial and other service centres.
Ah right, so we are heading to Unicornland where everybody has high-payed jobs! Amazing! Why didnt anyone think of this before? Just give everyone alot of money! Brilliant!
An isolated economy will always do worse than an open economy.
@avarmauk
2 жыл бұрын
It already is
@sithukyaw9019
2 жыл бұрын
How about china?
@martycrow
2 жыл бұрын
@@sithukyaw9019 Quite right! The noble aspirations of the Chinese leadership to avoid globalisation has led to the policies of "Great Stability for the Glorious People" and "Prosperity Through Seclusion".
@harenterberge2632
2 жыл бұрын
@@sithukyaw9019 China' s economy skyrocketed when it opened it's economy and society. Unfortunately the trend is the other way around now.
@amh9494
2 жыл бұрын
Define isolated.
Germany is a high wage and high skilled economy, and it has freedom of movement.
@sithukyaw9019
2 жыл бұрын
You might be surprised that German economy isn’t up to date with tech
@amh9494
2 жыл бұрын
'Germany's Economy Runs on Low Wages.' Bloomberg Having lived there I can attest to this Germany is far from a high wage economy and wages have stagnated in relation to inflation for decades! You obviously don't know anything on the subject so please 'keep schtumm'.
@sorennilsson9742
2 жыл бұрын
@@amh9494 You seem to know less. Average pay in Germany is 48 259 € in the UK it is 25 971 £. So the German average person earnes 40 817 £. That is close to 15 000£ more than THE average UK person. As for minimum pay it is higher in Germany. One could ad to that that the average person in the UK pay more in tax.
No beds used...imagine if we had used those beds to clear the nhs backlog...instead of selling them off
@rogerjenkinson7979
2 жыл бұрын
The Nightingales were never used because they were expensive window dressing . We never had the nurses and doctors to man them. That's why they have disappeared without trace tto mask the fact that the NHS doesn't have the staffing capacity to use them to clear the waiting list backlog. And of course this government has not tried tor recruit any. More smoke and mirrors. They keep telling us what they are doing but mostly what they will be doing but it never happens. I agree.BBC should load their current affairs programs with experts and invite the politicians to plead their case before them.
Coming from a man who's wife is one of the richest women on earth . Your greed will be your suffering⏱⏳
wow, the shallowness and false information being banded on here deserves scorne and jail time for some politician's..
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2 жыл бұрын
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2 жыл бұрын
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2 жыл бұрын
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2 жыл бұрын
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2 жыл бұрын
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The Brexit remodeling has shifted Great Britain to Little Britain in a few easy steps. Great stuff Farage and Johnson.
@prancer1803
2 жыл бұрын
It’s amazing isn’t it?
It looks like austerity at the likes we've never seen before in living memory.
@richardkent9661
2 жыл бұрын
Why doed the whole economy need remoddeling seems strange when is anyone going to face facts they are changing the way we live and blaming brexit and what people voted on that and this virus no one knows is real or not to take the blame for something thats been oj going since 9 11 and the global banking crisis in 2008
@chrisl6291
2 жыл бұрын
We are a net importer of goods, if prices are inflating due to HGV drivers being paid more then local producers that use few HGV driver hours are becoming relatively cheaper, Greener & necessary to correct an ongoing legacy free trade deficit with the EU of £51b p/a. What matters is ensuring job centres are actively retraining unused labour or underused (part time) labour into skills that are in demand & not just giving money to companies to take on unskilled labour that is left unskilled until they're fired when the subsidy goes. BBC is being deliberately thick by assuming the state can run another £303b spending deficit caused by people earning under the tax contribution threshold indefinitely. Average real wage growth comes from productivity per person gains which in turn come from capital labour substitution. Whether its human capital (training & education) or capital equipment (labour saving machinery), capital must be invested by companies into productivity per person for average real wage to grow. Labour scarcity creates the hi average wage for that to make sense from a business perspective (a £100k piece of machinery pays for itself in less than 4 years if workers are on £28k p/a, closer to 7 years if they're on £15k p/a). Some of that capital to be invested into productivity will come from higher prices to pay the debt interest on 'upgrading' loans but companies will also eat some of those costs from profits as the UK still has a free trade agreement with the EU forcing us to compete or close. Its a matter of redirecting capital flow from Blue (Capitalist) average real wage crushing investment in the monopolization of the supply of staples to raise living costs in line with wages, to Purple (Noble) average real wage raising productivity per person improving capital investment in training & capital labour substitution. Ultimately the UK has very hi costs of living caused by Blue (Capitalist) monopolization of the staples of survival (food, drink, clothing, shelter & energy) that prevent wage sl@ve Black (Nationalist) renters escaping into the homeowning Red (Populist) class. Primary industry & low paid services industry are not footloose but secondary industry is. For us to retain all those companies we will need the state to play an active role in addressing the market failure of uncompetitive cost of living prices. As we have a £212b welfare bill (only £2b on unemployment) that is spent supplying those staples indirectly, a move towards direct supply of those staples by state owned companies that provide for people on welfare at lowest possibly cost forces competition back into monopolistic markets & returns those monopoly profits back to consumers with lower prices. Food production is relatively easy, reduced sentences for non violent offenders to work on either state or privately owned farms with ankle tags to prevent escape & drone oversight to find prisoners who leave the farm without permission. As these roles are too low paid to be filled it costs no one their job & is relatively low risk due to remote location. Drink is water supply, a natural geographical monopoly that doesnt benefit from competition in the private sector & so is totally unsuitable for private sector provision which is constantly striving against price caps by running down infrastructure deliberately to get increased profit margins from relaxing caps. Leaving price caps in place & introducing heavy penalties for poor infrastructure will 'bust' those companies back into state hands. Clothing could be directly provided with legislation that introduces a clothing recycling collection bin & issues 2nd hand clothes (after repairs & sterilization) direct to people according to their measurements or sells them cheaply on the internet to stylish welfare users. Shelter is (sadly for the tory party) a case of taxing residential rent income to fund state owned 'rent2buy' housing projects, i cant stress how important it is for people to start storing up capital for their old age in a house & not spending on rent. The state has an incentive to let old people die early with the current system of state pensions because hugely expensive unproductive labour eats the majority of all welfare spending. Finally energy is a case of enabling people to switch to electric cars with trade ins/skunk works to convert empty chassis' & focusing state spending on energy conservation for individual households, its not expensive if people use less of it. "Transition costs are like multigym, they make us weak so we get strong, take the weight because we've been starving to death on 'rabbit' jobs" Florence & The Machine - Rabbit Heart (Raise It Up)
@benghiskahn3673
2 жыл бұрын
@@richardkent9661 Ever heard of grammar?
That interview was painful to watch
Hold on, are they saying that the UK Economy will flourish because we will have fewer low paid workers but more tech? So how does that help UK farming etc?
@japple9501
2 жыл бұрын
Hopefully it’ll help do something about Britain’s dismal productivity levels, no need to innovate when you can import cheap labor
If this is a global issue then why there's no similar situation anywhere on the planet? Food shortages, fuel etc
@richardkent9661
2 жыл бұрын
Why does the whole economy need remoddeling seems strange when is anyone going to face facts they are changing the way we live and blaming brexit and what people voted on that and this virus no one knows is real or not to take the blame for something thats been oj going since 9 11 and the global banking crisis in 2008
@johalycarreno3016
2 жыл бұрын
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@davidatkins3498
2 жыл бұрын
@@richardkent9661 no one knows whether the virus is real or not lol! Get back in your basement
@richardkent9661
2 жыл бұрын
@@davidatkins3498 piss of you swedish blonde hair nazi exoeriment and if your from norway you was dropping bombs on the uk on behalf of the nazis 80 years ago i know about the swedish initive 1968 and the conference on human enviroment from stockholm in 1972
@richardkent9661
2 жыл бұрын
@@davidatkins3498 could talk about the genocide of the indeginous people from sweden finland and norway called the sami
"if supply is there, there wont be inflation" has anyone found this mans eyes yet? seems hes blind to shortages on our shelves, gass and petrol lmao
The government doesn't have to make businesses work. They can just sit back and blame businessmen when it doesn't.
Lady in green needs to learn how to answer the question without answering the question properly. Reporter should have asked why would people bother training up to be truck drivers if the government wants to automate them with AI.
It means desperately trying to grow the economy so that nobody notices the huge amounts of inflation that has been created by this awful fiscal policy of the last two years.
It means more dependency on government which means more government control which means more government POWER.
@julianshepherd2038
2 жыл бұрын
Less tax means less power. These people have cocked it up and are trying g to pretend they meant this to happen.
@blairrobert3438
2 жыл бұрын
The government doesn't exist. It's a monopoly ran by the aristocrats/plutocrats. Corbyn was the only one in living memory who was different even though I didn't agree with the hippy stuff as I'm pro stronger defence but his domestic policies and outlook was clear to see. Unfortunately the Mafia State chucked everything at him and it worked. Just like they used people on benefits to distract from the theft from the disaster capitalists in finance. Look at that pig Cameron for example and his lobbying for private business.
Despite the economic crisis, this is Still a good time to invest in stock and Crypto,
@sagmucoulibaly1257
2 жыл бұрын
@Sam Bogaert You're right I think stock and Crypto are the best to invest right now
@kumburtimothy6547
2 жыл бұрын
As stock's are good but crypto is better
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2 жыл бұрын
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2 жыл бұрын
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@woutwouters8859
2 жыл бұрын
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Just watching BBC's Dan interviewing Bojo. You know, I think Dan would make a better PM.
If boris’ dad thinks it not hard to drive a HGV in the UK then why isn’t he driving one? 😆
@thedukeofearl.7764
2 жыл бұрын
The only thing that works is his mouth.
@boruttrost5750
2 жыл бұрын
He's overqualified for it, doah!
"Remodelling" sounds a bit like "Reset" does it not? Boris getting his instructions from Klaus Schwab
@TheLuminousOne
2 жыл бұрын
Absolutely, that's what it is.
@garethwynn01
2 жыл бұрын
More like heading back to the 1970s. Maybe putting in a serving hatch and some flock wallpaper.
@standardprocedure7017
2 жыл бұрын
Two different words mate.
like father like son, only the poor people have to speak sense
When the reporter talked about the farmers, the mp expressed this look of bewilderment. Rich
Weird all of these governments are saying "build back better" all together.
@georgeynwa9414
2 жыл бұрын
Maybe because all countries have suffered a economical loss
@fingerscrossed2453
2 жыл бұрын
Lockstep
@ghostxmiller6641
2 жыл бұрын
There being control from the same elite LOL
@grandtheftavocado
2 жыл бұрын
@@georgeynwa9414 A self-inflicted economical loss due to an over-reaction to a virus with a 99.98% survival rate. You are correct.
@richardkent9661
2 жыл бұрын
Why doed the whole economy need remoddeling seems strange when is anyone going to face facts they are changing the way we live and blaming brexit and what people voted on that and this virus no one knows is real or not to take the blame for something thats been oj going since 9 11 and the global banking crisis in 2008
I love the honesty from this MP. 'when will the pains start' "Straight away" :)
@trimaxionerror5696
2 жыл бұрын
You should be in the media because completely twisted how those statements were made.
George Eustace: "The most important thing is for people to start buying petrol as they normally would." Does he mean don't fill your tank? How stupid can you get? When cabinet members are allowed by tame journalists to get away with this ridiculous babble there is a problem with the media.
Tories should have helped people skill up back in 2016 when they organised the referendum. Now we need to wait another 8, 9 years to skill people up
@richardkent9661
2 жыл бұрын
Why doed the whole economy need remoddeling seems strange when is anyone going to face facts they are changing the way we live and blaming brexit and what people voted on that and this virus no one knows is real or not to take the blame for something thats been oj going since 9 11 and the global banking crisis in 2008
@hihosilveraway59
2 жыл бұрын
Because they are making it up and raking it in as they go along even after 11 years in power. Time for a change
@leofender5033
2 жыл бұрын
Both parties should have "skilled up" 40 years ago by stopping the wholesale destruction and sell off of British manufacturing and R&D. Look at Germany and France. This has nothing to do with the EU and is 100% the fault of British politicians, and public who voted for them
@casteretpollux
2 жыл бұрын
The British born population will be contracting due to small family size.
@davesy6969
2 жыл бұрын
That would have meant admitting there might be problems ahead.
Rishi Sunak sounds a lot like Tony Blair
how boris could say 'there is even shortage of truck drivers in china' lmao
@johalycarreno3016
2 жыл бұрын
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British you should be so proud of this amazing journalist... She got the guts to ask the most important questions!! Well done !! This is how every journalist should be in the world !!
The Nightingale Hospitals were a total waste of resources. Why build extra capacity, which is not used?
@deanunio
2 жыл бұрын
Luckily they weren’t needed… but were an insurance policy if numbers exceeded capacity
@trancevoyagesessions
2 жыл бұрын
All the EU workers went home so we had nobody to man them. ..
@deanunio
2 жыл бұрын
@@trancevoyagesessions get over Brexit
If people panic when then government say don’t, can you just imagine what would happen if they said...it’s panic time!
@chadimirputin2282
2 жыл бұрын
I have myself multiple plans when it's brown trousers time.
@snokelpops
2 жыл бұрын
@@chadimirputin2282 Everyone has a plan until they get punched in the face! - Mike Tyson But luck always favors the prepared!
@davidatkins3498
2 жыл бұрын
It's been panic time since Brexit.
People will continue to move away from over priced property, and the consequential price rises, and the UK's overpriced cost of living... Expect the intelligent people to leave the UK.
@oldcremehelian3708
2 жыл бұрын
Most have already left.
Chancellor: The future is here! Me: What?! You mean we can expect fuel and food shortages, Boris's Dad: It can't be that difficult to drive a HGV Me: Not if you have do it every day. Boris: I'm a pragmatist not an ideologue. Me: Ah! Would that be an euphemism for opportunist.
Before Brexit they blamed on EU. Now they blame on people buying. Same people who voted for them and brexit
@richardkent9661
2 жыл бұрын
The people to blame for brexit are the eu which no one had a choice in joining in the first place and the people who gave us brexit your even going to try and blame the demise of the uk on normal law abiding and hard working citizens
@johalycarreno3016
2 жыл бұрын
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@oldcremehelian3708
2 жыл бұрын
@@richardkent9661 The UK had prospered handsomely from being in the EU and most rational people know it.
Stanley gave me the impressian he was drunk. And every kid in my family learned to drive an agricultural tractor as soon as they could operate the clutch (somewhere between 7 and 9 years old)
Boris's Dad: "It can't be that difficult to drive a heavy goods vehicle, don't tell me they are not up to it. I drive tractors and stuff like that..." I drive neither, but I would expect an order of magnitude of difference in terms of learning and doing it...
@djoffski5712
2 жыл бұрын
Boris's truck would be a wreck pretty quickly if his handling skills matched his political skills.
@joaomelo7018
2 жыл бұрын
I've driven both, it is pretty similar, if a tractor had 5x the horsepower and was dragging 100 tonnes at 60mph.
LOL Just believe me ....everything is fine !
The farmers claiming they didn’t have pickers as they couldn’t employ from the mainland weren’t advertising on the British job sites.
As a Pole I want visas for the UK citizens
How will higher wages for drivers not lead to higher prices? Or do they mean with innovation that we need to wait on selfdriving trucks?
@rustypipe
2 жыл бұрын
you're right nobody is talking about this. Farmers will increase the prices because they'll have to increase wages it's a circle
@oldcremehelian3708
2 жыл бұрын
They are banking on increased productivity which requires capital investment on new kit. Their chummy bankers will be happy.
@kevt3318
2 жыл бұрын
You cant keep HGV drivers on the same wage for 20 years because of fear of prices going
So that great deal that brexit would bring... something tells me this isn't it either.
Labour isn't making it easy on them by keeping them in power ... they're running out of ideas!
......and who will be doing the poorly paid jobs if EVERYONE is employed in highly paid jobs. ? I bet you they didn't think of that little conundrum.!
Creative accounting. 2:50 sure it takes 7 yrs to create a very junior doctor. But add another 3 to 7 yrs for a gp or consultant. So drivers on the roads... not for the next couple of yrs
Reconstruction of the economy is already taking place all over the world without a fuel crisis or food shortages. The UK remodeling, on the other hand, appears to be particularly painful and expensive for its citizens.
@petahmcdee6869
2 жыл бұрын
Ha. Not in Australia- us Melbournians are still in lockdown. What do you think Australia’s biggest industry is? Tourism. Not many tourists here, no back packers, no fruit pickers (and we have a much more expansive country with a lot more ocean between overseas markets). As well as we are seeing a lack of young overseas professionals filling staff shortages.Worldwide shipping us now an issue as well. If it wasnt for covid we all would be in a different position- don’t think your country is alone somehow. Grass is always greener on the other side.
@cboy0394
2 жыл бұрын
@@petahmcdee6869 Australia's biggest industry isn't Tourism...Tourism represented just 3% of GDP in 2018. Financial Services and Insurance was 9.3%...
@gangsta2197
2 жыл бұрын
Nice one dopey no food shortages just go to a different shop ya dopey ? Fuel shortages??? Maybe Cus if a bunch of retarded lefty’s trynna push the narrative that conservative want the poor to ‘suffer’ n start everyone panic buying which when you have a DRIVER SHORTAGE not fuel…….. panic buying makes the problem you dopey idiot.
@leofender5033
2 жыл бұрын
@@petahmcdee6869 more sun in Australia though. Not the depressingly miserable grey weather that is living in the shithole that is the UK. I'd have emmigrated to Australia decades ago if I could.
@casteretpollux
2 жыл бұрын
And particularly enriching for friends and family of Cabinet Ministers.
more shortages just left E.U.
I cannot listen to these lies!!!!.Where is the funding for universities's tuition fees ?. For instance; I need £28,000 to cover my Oxford MSc tuition fee in Nanotechnology for Medicine & Health Care !!! Where is the program I can get 100% coverage ?! this is the future to tackle technological unemployment, collapsed productivity and creation, high paid/high skills jobs to solve social problems.
Rishi Sunak worked for Goldman Sachs and is therefore totally corrupt, untrustworthy, and a stranger to the intricasies of economics.
@blairrobert3438
2 жыл бұрын
And Jaavid is a self proclaimed libertarian in charge of the NHS and comes from a similar background. David Cameron and Osbourne were plants as well. C'mon England realise when you're mugging yourself off. Get them out and get the beige financier in Starmer out too.
@nielosoweznaki
2 жыл бұрын
Well, he's perfect material for politician then :D
Wages are up and so does energy bills, fuel, council tax, food and even my blood pressure
The problem is they are not affected by any of these changes ! And they are so out of touch…. The most funny part is that all people interviewed have probably already retired 😂😂😂😂
Give it 12 months and it will be UK as normal. Which is "growing" the economy by creating demand through open borders and uncontrolled immigration. Thatcher's "free market economy" 😂The background to "skilling up" is the flushing down the toilet of UK skills in the first place. The EU wasn't the reason we didn't invest in skills and Industry. Thatcher began the wholesale sell off and destruction of British manufacturing and R&D way before we joined the EU. And Blair as accelerated it. Skilled immigration is still allowed to though the UK skills list. Borders are wide open. _NOTHING TO DO WITH THE EU AND MORE BREXIT LIES_ "re-modelling" the UK economy looks the same as "rebalancing" it. Or "levelling-up'. It smells the same too. Stinks of BREXSHIT. _Ye reap as ye sow_ and now it's time to accept the UK has gone down the pan.
Skilled workers are not prevented from working here as many factory workers make the minimum salary to meet the cut.
Nadim looks like the PR guru from The thick of it lol
None of the jobs she mentioned are classed as high skill jobs These boot camps are for low skill jobs to fill in gaps and hope the problems go away
It's like thinking of the next course change on the Titanic while she's sinking.
@chrisl6291
2 жыл бұрын
Lol, the £2.21t national debt ice berg hit us while we were in the EU, now we see the damage.
It means the poor become more poorer!
"YOU WILL OWN NOTHING AND YOU WILL BE HAPPY"
You'll own nothing and you'll be happy.
@oldcremehelian3708
2 жыл бұрын
You may own a massive mortgage.
"Oppertunities from Brexit". You have lost more than five (5) years now. It will be fine AFTER you get things sorted but how long does it take to sort them? From the outside it seesm you spoent the first few years arguing if you should even do the already decided upon Brexit and now ... God knows what.
@oldcremehelian3708
2 жыл бұрын
This could all have been done whilst staying in the EU,
They couldent remodel Lego 😁
A new era of thrift has begun, go in any home bargains, b&m, Aldi, Lidl - these businesses are performing well. Many Brits are familiar with comparison sites and research is often done before making a big ticket purchase. That tells you one thing - people are reigning in their spending. Obviously, some businesses are going to struggle or even fail if they don't cut wastage in their business model.
Without immigration inflation is going to go through the roof and services for the UK's aging population are going to have to be supported by an ever shrinking work force (think Japan).
@johalycarreno3016
2 жыл бұрын
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@wiseass2149
2 жыл бұрын
Don't say that. You know the leavers are adverse to facts.
@oldcremehelian3708
2 жыл бұрын
Aren't rail prices linked to inflation...?
Classic case of dodging the effing question
Bozo's dad must be unbiased. Right? 🤣
@fingerscrossed2453
2 жыл бұрын
The eugenicists? Nah
@johalycarreno3016
2 жыл бұрын
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MP's can just squander a sxxt load of money then disappear into the sunset. Its the easiest job in the world. How about holding these people accountable. I mean. Really accountable. Its all a Mickey mouse game until we do.
Ah yes, the nightingale hospitals, set up at great expense yet never used. (No actual staff in them).
Just realised Rishi Sunak always talks whilst trying to do his best Will McKenzie voice!
📉📉📉📉. Six million in working poverty. Good luck, Sunak.
@chrisl6291
2 жыл бұрын
They wont get richer, just have their subsidy withdrawn as wages go up.
I don't think Britain got that trade deal in the end
The concept they suggest is fairly simple along with the higher wage more purchasing power greater activity 2 cover the costs and offset inflation but my observation of the actions after 58 years I have become accustomed to see that value-adding going to the 1% and a very small proportion incidentally trickling down
@oldcremehelian3708
2 жыл бұрын
The stuff that's trickling down isn't money my friend.
We are a net importer of goods, if prices are inflating due to HGV drivers being paid more then local producers that use few HGV driver hours are becoming relatively cheaper, Greener & necessary to correct an ongoing legacy free trade deficit with the EU of £51b p/a. What matters is ensuring job centres are actively retraining unused labour or underused (part time) labour into skills that are in demand & not just giving money to companies to take on unskilled labour that is left unskilled until they're fired when the subsidy goes. BBC is being deliberately thick by assuming the state can run another £303b spending deficit caused by people earning under the tax contribution threshold indefinitely. Average real wage growth comes from productivity per person gains which in turn come from capital labour substitution. Whether its human capital (training & education) or capital equipment (labour saving machinery), capital must be invested by companies into productivity per person for average real wage to grow. Labour scarcity creates the hi average wage for that to make sense from a business perspective (a £100k piece of machinery pays for itself in less than 4 years if workers are on £28k p/a, closer to 7 years if they're on £15k p/a). Some of that capital to be invested into productivity will come from higher prices to pay the debt interest on 'upgrading' loans but companies will also eat some of those costs from profits as the UK still has a free trade agreement with the EU forcing us to compete or close. Its a matter of redirecting capital flow from Blue (Capitalist) average real wage crushing investment in the monopolization of the supply of staples to raise living costs in line with wages, to Purple (Noble) average real wage raising productivity per person improving capital investment in training & capital labour substitution. Ultimately the UK has very hi costs of living caused by Blue (Capitalist) monopolization of the staples of survival (food, drink, clothing, shelter & energy) that prevent wage sl@ve Black (Nationalist) renters escaping into the homeowning Red (Populist) class. Primary industry & low paid services industry are not footloose but secondary industry is. For us to retain all those companies we will need the state to play an active role in addressing the market failure of uncompetitive cost of living prices. As we have a £212b welfare bill (only £2b on unemployment) that is spent supplying those staples indirectly, a move towards direct supply of those staples by state owned companies that provide for people on welfare at lowest possibly cost forces competition back into monopolistic markets & returns those monopoly profits back to consumers with lower prices. Food production is relatively easy, reduced sentences for non violent offenders to work on either state or privately owned farms with ankle tags to prevent escape & drone oversight to find prisoners who leave the farm without permission. As these roles are too low paid to be filled it costs no one their job & is relatively low risk due to remote location. Drink is water supply, a natural geographical monopoly that doesnt benefit from competition in the private sector & so is totally unsuitable for private sector provision which is constantly striving against price caps by running down infrastructure deliberately to get increased profit margins from relaxing caps. Leaving price caps in place & introducing heavy penalties for poor infrastructure will 'bust' those companies back into state hands. Clothing could be directly provided with legislation that introduces a clothing recycling collection bin & issues 2nd hand clothes (after repairs & sterilization) direct to people according to their measurements or sells them cheaply on the internet to stylish welfare users. Shelter is (sadly for the tory party) a case of taxing residential rent income to fund state owned 'rent2buy' housing projects, i cant stress how important it is for people to start storing up capital for their old age in a house & not spending on rent. The state has an incentive to let old people die early with the current system of state pensions because hugely expensive unproductive labour eats the majority of all welfare spending. Finally energy is a case of enabling people to switch to electric cars with trade ins/skunk works to convert empty chassis' & focusing state spending on energy conservation for individual households, its not expensive if people use less of it. "Transition costs are like multigym, they make us weak so we get strong, take the weight because we've been starving to death on 'rabbit' jobs" Florence & The Machine - Rabbit Heart (Raise It Up)
It looks like more of the same. Bully the weak and ignore the shysters at the top. Over to you England?
What we need now is to use CANZUK as a catalyst for change we need jobs, income growth, GDP per capita growth, we need improve productivity and we need the midlands engine and the northern powerhouse to become a more central part of the overall economy. This need to culminate within building bigger factories to reduce cost, building upon research with global competitiveness ask what does the world need the UK for? We can develop so many different things from anti gravity propulsion, superconductivity, nanotechnology, smart materials and space mining.
Low interest rates, capital controls, misalocation of recourse, stagflation, high taxes, increased welfare and continued immigration. A transfer of wealth from savers to everyone else.
Those beds are all gone because no one needed them.
Before brexit and Pandemic people were like there are no jobs. Now people are like there are so many jobs but we got no time to upskill.😅
@blairrobert3438
2 жыл бұрын
There's too many jobs to fill and not enough job seekers. Most of these jobs are low wages unrelated to skill. As a carer for example is highly skilled but the lovely 'market' decides that a carer is the lowest of the low. In any capitalist society you will have people who aren't employed at anyone time. The benefits bill for the unemployed is a paltry 2bn. Whats your point exactly?
I’m sorry! Australia has staff shortages as well! We don’t have fruit pickers, and we have a shortage of OTs Speech etc! We do not have back packers, young overseas professionals filling up staff shortages either! We are heavily reliant on tourism as well. If covid didn’t happen we all -ALL- would be in a different position.that’s the reality of it. I live in Melbourne. We are still in lockdown.
@djoffski5712
2 жыл бұрын
One of the most hostile countries if you try to come to work. Your problem is like UKs. Self made.
@joaomelo7018
2 жыл бұрын
Islands will be islands, i wonder if there's a change in the immigration situation recently in Australia? A certain country that isn't sending it's workers to Australia anymore because of geopolitical conflict 🤔🤔
So those who run SMEs and small family businesses (who are in the majority) are going to take their money to increase wages? Where are they going to get the money from with increased taxes, inflation, business rates?
Remodelling the economy means free market fundamentalism ran riot, so all the labour laws are going to go as are pollution regulations food standards and then the sell offs anything that they can get away with selling that will including the NHS. Then comes the globalisation big companies flooding the market with cheap imports driving down wages in the UK till the bankruptcies start because you can't compete with cheap far east subsidiesed goods all the while entrepreneurs are unable to trade with a market 20 miles away leading to a brain drain. Both the US and EU markets aren't going to let the UK be a conduit and staging point for cheap far east goods and neither are going to stand for the City being a laundering clearing house for the super rich
Its getting difficult to listen to the same trite everytime. They don't address the questions and give responses that are off topic to sell their new brand of bs. Shameless it is.
I missed the bit about why this it only happening to us and when it's going to end. Was it something to do with levelling up?
The entire interviw with Barnier was just zero infomation ,he talkes but says nothing
British people worry far to much everything will take time ! Just enjoy life everything will turn out in the end and thank god for brexit now time for new opportunities 😊
Did I hear 'remodelling'?!🤭
Greece Is not short of drivers!! sorry ! But you forgot to train some British ones , you made them either untalented leaders or lazy benefits receivers ! Well done !
You mean Those 27 smugglers lol.
Driving a tractor is as easy as driving an HGV. There's a new driver for the country. Stanley Johnson.
Where do Tories do their grocery shopping from? Can't they see the food shortages everywhere?
@johalycarreno3016
2 жыл бұрын
WhatsApp➕①②⓪⑤⑥⑥⓪⑤⑨⑦⑤ God bless you Learn something more profitable your investment and for crypto earning guidance... Do well to let him know i referred you
@JamesSmith-vz8yr
2 жыл бұрын
How many days have you been unable to eat Mike?
A lot of comments are disappearing on here!
Poor poor …. Spin, excuses and justifications.
3:56 oh look it’s Boris Johnson twin brother.
@oldcremehelian3708
2 жыл бұрын
He looks too intelligent.
@mobinxd
2 жыл бұрын
@@oldcremehelian3708 compared to Boris
@oldcremehelian3708
2 жыл бұрын
@@mobinxd Sorry, that's what I meant
It looks like the World Economic Forums plans. Build back better baby!
What’s the point in interviewing these people? I literally know less now then before she starting spouting her rubbish