Business Matters : UK Economy

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Corvus XIII 19 Aug @ 8:06am

https://news.sky.com/story/theres-one-thing-scarier-than-markets-lurching-around-and-its-happening-right-now-13414361

When New Labour took the country by storm in the 90s there was a sense of 'we are finally going to improve the country'
And it worked to very well.
And then Post Office closures and Iraq and mass migration shocked and upset a lot of people and they decided to vote in The conservatives again at possibly the worse time ever.

The Conservatives have been voted out and Labour has returned and....the economy according to the media is not in a good position (see link).

Is this the fault of Labour's Rachel Reeves?
Has The Conservative partying off the back of the working person's taxes scared the world off from the UK?
Does the world groan as people seem to be celebrating Nigel Farage as the Next True King of England? - and consequently see the UK as a high risk venture they could do without?

What are your thoughts, what is happening to the UK Financials?

Please no big copy pastas an AI provided.

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Showing 1-11 of 11 comments

eram 19 Aug @ 8:10am

Yes

Immortalis 19 Aug @ 8:37am

The UK suffers from the same disease of the rest of the West.

A political class that is only interested in maintaing their popularity high enough to carry them through the next electoral cycle, with no regard to any long term vision.

It doesn't matter if the popular measure of today are going to harm the economy ten years from now, just as it doesn't matter if the unpopular decisions are going to provide a huge boon in one or two decades.
And that's because in one or two decades those people might no longer be in charge - as opposed to what happened during the actual golden age of western economies.

And that's without even touching the issue of changing governments doing their best to destroy anything and everything their predecessors touched for the lolz of it.

Sadly, until we get long term vision back into politics, the situation will only worsen.

salva早晨享用的咖啡 19 Aug @ 1:05pm

uk lose access to russia oil and africa oil less commodities and raw material
business overhead cost increase. government programs become not sustainable
lead to uncompetitive industries. then high immigration mean wages pressure downward
so less money and more costs. slow growth
now result is this

Electric Cupcake 19 Aug @ 2:05pm

Should have stuck with the EU.

Ulfrinn 19 Aug @ 2:14pm

So, you were doing fine until the UK opened it's borders? Got it.

Last edited by Ulfrinn; 19 Aug @ 2:15pm

Corvus XIII 19 Aug @ 2:30pm

Originally posted by Electric Cupcake:
Should have stuck with the EU.

I tried telling people but like as happens in OT too many had un-researched opinions and listened to self interested big mouths.

We had best food prices in Europe best selection of everything but newspapers wanting sales as well as influenced / bought out editors and imho certain corrupt politicians making things up and voila - Brexit and 'why is everywhere now better than us?'
To which I reply 'you mean when we left a trading block where we had power of veto and a strong position on the world market, then leaving we were somehow going to become a powerhouse for the Working Class....magically?'.

Lord Alan Sugar (of whom I am a critic of) said he believes those who lied about Brexit and led people to believe in them should be put in prison.
I at least understand this sentiment of his.

Last edited by Corvus XIII; 19 Aug @ 2:31pm

Corvus XIII 19 Aug @ 2:34pm

Originally posted by Ulfrinn:
So, you were doing fine until the UK opened it's borders? Got it.

I was listing some of the big causes of why people went towards Conservatives and based on your previous replies I do not think you quite understand the major shifts in employment and opportunities between the 80s and 2010 within the United Kingdom.

Caillou 19 Aug @ 2:48pm

Originally posted by salva早晨享用的咖啡:
uk lose access to russia oil and africa oil less commodities and raw material
business overhead cost increase. government programs become not sustainable
lead to uncompetitive industries. then high immigration mean wages pressure downward
so less money and more costs. slow growth
now result is this

yes

Fake 19 Aug @ 2:55pm

The uk has tariffs in place on a lot of countries. I was told by Steam OT economists that removing tariffs will increase economic growth.

The uk should remove all tariffs.

Corvus XIII 19 Aug @ 3:02pm

Originally posted by Fake:
The uk has tariffs in place on a lot of countries. I was told by Steam OT economists that removing tariffs will increase economic growth.

The uk should remove all tariffs.

How do feel about Tariffs on Israel's agricultural products, would you increase Tariffs to protect Agriculture in the UK or decrease to hopefully appeal to the UK consumer ?

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