How bad is the UK's economy?

Let’s Brexit

Stagnant from 2008, well yes thats fairly obvious, that was when Blair and Brown crashed the economy, we will probably never recover from that, ever.

I don't live in the UK so not sure, but from what I hear it is bad. I live in Spain and work for a UK company. With the recent minimum wage increase - they have had to stop using UK suppliers as the price increases to cover wages is now too much for them - which is good for me as they now send more work my way (as well as to India). They have also had to cut back staff as their suppliers in the UK have had to put prices up to cover their wage increases. Keep going like this and most small UK businesses will no longer be able to afford to trade as a hike in minimum wages increases inflation - which means the minimum wage needs to go up again as costs rise. Should have never been brought out in the first place - let employers pay what they think is the wage for the job. If people want the job then they will accept the pay.

After the colonial loot in India for 200 years taxing Indian manufacturers for 3X the highest taxes at that time, it's a bit Ironic that they are in recession because they didn't tax their own citizens well enough, Meanwhile Indians and other countries colonised by British smiling, while also feeling sad the country which once ruled all is now on it's feet.

hope uk recover

maybe tax wealth, lolz what a clown show the UK is

Couldn't happen to a nicer country. Enjoy your misery Brits.

What's actually amazing is Britain's laugh hourly at US shenanigans... only to consistently follow in our footsteps to even worse results. Sorry lads, that's not taking the piss, that's drinking it.

Very good summary with illustrative diagrams.
Alarming content. I believe that poor people in the UK experience this in their everyday lives.

Tori Rule😅

Every day shops closing down

income tax bands have not risen over the last few years. Therefore british citizens are discouraged from working more as they will be taxed 40% once they earn over £50,270 .Also IR35 has had a detrimental effect on the self employed and these people now choose to go overseas or retire early as they see their take home pay drastically reduced. They see no incentive to work more as the gains are much less. If the british government would raise their tax band according to inflation then it would be a win-win situation for the tax payer as well as the government - we would not be so poor as a nation. Better still, scrap IR35 altogether to give the economy a boost. I don't think Rishi Sunak will scrap the IR35 as he was instrumental to setting it up and desperately wants it to be a success . IR35 has been a failure and this can be seen in the failing economy. The self employed don't want to go back to work!!!

As Trump would put it, UK is now a shithole.

Time to legalise that money tree.. (yes, I'm talking about cannabis) it's made billions in US. Some may moan that the quality will go down..
Didn't happen with that Cali bud..

$45 Trillion was taken from India by Britain over 200 years of rule

If the british economy want to save itself from inflation then they must follow a federel market economy system which will based on per capital based economic model. In this federel system every companies of uk will submit there capital to the bank. The banks of uk should use a parametre for a collective use of the money. Thus these capitals should use as the reserve of british economy when inflation comes.

It's all by design.... great reset

How bad is the UK economy?. Stupid question really.

UK is fukced

hasnt even exceeded 3 trillion in 17 years pathetic economy

Turns out rishi sanak or whatever gis name is has been sending tax payer money to india

If wages go up it makes inflation permanent

Gordon brown sold all our gold at like 300£ at oz …..headslap

Your can’t tax wealthy people because legally they don’t pay tax because they bring jobs or add homes or whatever

Time to move to Australia

The British economy went down the drains since the end of their colonialism. Serves them well, those looting bandits.

A quarter of adult Brits are on some sort of disability benefit. Wow. Are they the most workshy peoplenin the whole world?

They don't need more homes to get on the buyers ladder they need better wages ! The inequality in this country is out of control

The U.S. wins again... smh

Rent in uk is a complete rip off

Anybody can up with charts, numbers and formulas

What happened in 2008 - Gordon Brown, the unelected Labour PM who sold off UK's gold when he was Blair's chancellor.

china couldn't find any useful UK intel

I would not trust sly news to turn a tap off, let alone lecture me on the UK economy..

UK has GDP per capita of $48K but is considered as struggling economy, while China has GDP per capita of $13K but is considered booming economy.

9000+ millionaries have left UK in 2024 alone. That's no.2 rank only after China. Why isn't anyone talking about this?

Everyone knows how to fix the economy but they don't want to be called racist, it used to be easy but getting realected was hard now it just seems to be how to stay in the top job.

tit for tat as when labour got kicked out gordon brown bankrupt the country so the tories have done the same .the politicians and the rich are laughing as they dont care what happens to this country as long as they have there gold dablooms and there bolt holes.

Im 36, work in IT, bought a little flat at 19 took in 2 lodgers, now ive moved to 4 bed semi that i own outright with no mortgage. No help from bank of mum and dad. My friends just didnt want to buy a place at 19/20 🤷‍♂️ best decision i ever made.

The real reason the uk economy is failing is because of bad government wasteful spending, like hs2 and out of control furlough scheme.. This made the problem worse with increased debt to the country. The gdp to debt ratio was around 80% before this and now it's over 100%..this is basically the government spending more than it has coming in.. The higher the gdp to dept ratio the longer it takes to grow the economy.. The problem is the public are saddled with this debt and we are paying the debt with higher taxes put on us.. The extra problem is that the higher the ratio is the longer we have to work to live the same. Hence pay not moving.. Its a joke that the politicians bask in the sun with lots of money even though they caused the problems.. Incompetent clowns

The England government started robbing from the world and will be finish robbing his own people!

Butlins are getting rid of staff. Thats not in the news.

Great, now attack Tate again. This will surely help

Gordon brown.

those charts are really on point, i rarely watch news though. Media is crazy nowadays.

A country that founded by colonialism and war can’t sustain without it! This is a wake up call for 🇺🇸
This tells me China are going to staying on top for a very very long time.

Lol someone tell this guy too chiiillll!

Arms are waiving all over the place. Even when it's not needed. Very distracting.

try financeing govenment system run intelligence system needed white two dyn

Prices rise but salaries remain the same, this leads to a situation of a decrease in the standard of living

They said all the same things in the 70’s.