Daily Podcast: What's going on in the UK's economy?

Everything costs at least 40% more than it did in 2020, I have a receipt for making lamb stew and dumplings cost me £7.72 in 2020 brought same ingredients today it cost £16.88. That is pretty much the story across the board. Rip off Britain has reach a new level, thing is these prices will never go back to reasonable levels always goes up never down.

Why is it, when analysing the economy, an evaluation of profits is not taken into account? Those in charge prefer to keep the focus on wages rather than on the runaway profits that corporations are making.

Brexit actually refers to businesses leaving UK. Brexit is a catastrophy.

Why not ask the CEOs and their ilk to take big pay cuts or pay higher taxes - because they are the ones with their hands on the levers of power, that's why not!

I think Brexit works amazingly well! I came to this country 9 yrs ago for good. Managed to set up a small business recently and I'm moving it to the EU alltogether next year! The plan was to run it from the UK and trade with other countries from here but it does not worth is anymore. Nor that keeping part of the business here for a shrinking economy and market. So it's good for all brexiteers! One forigner less!

Wages are stalled or shrinking however corporate profits are massively increasing

About 400 to 500 billion in funny money let loose in the domestic economy in just two years would be something that leaps to mind.

Regardless of whatever else has been going on in the world, Brexit has increased the cost of bringing goods into the country, export costs have increased, thousands of large and small businesses have failed, reduced their product range, or left the country partially or outright, also, foreign money that would have been invested in the UK is now being diverted to the EU. The impact is notable.

Uk has over 2 trillion in debt printing unbacked money out of thin air. We have rising debt in every section of society. Apart from the very wealthy. We are a sad manipulated population not just Uk it’s worldwide. We’ve exhausted the present monetary system and political governance. This possibly won’t end well.

Most anticipated never ending recession of all time

my coffee is up 90%. Street parking is up 80%. how is that 5-10% inflation?! total con job

Not addressed on this podcast: Saudi Arabia & Russia are cutting out oil production, in order to prop up oil prices. Each production cut or extensions or expansion of it shoots oil prices up but only to slowly decreasingly going back to $70 to $85 range. If there had been no production cuts true value of oil should nowadays be $40 to $20 range.

Foreigners not taking UK people jobs anymore, so whats wrong?

Inflation may be 'painful medicine' for TV pundits, but for the millions of people who cannot pay their rents, heat their homes, or buy sufficient food, it is a disaster, but politicians, bankers, and media are too selfish to care because it does not affect them.

A typical UK lie - We are world leading in renewable energy. Fact, the UK is not the largest producer of wind energy in the UK 😂 Wind turbine blades, the Isle of Wight blade plant is owned by a Danish company also own the intellectual property. The Hull blade plant is jointly owned by a Spanish and German company, again who own the intellectual property. Wind turbine generators used in the UK mainly come from Denmark (Vestas) and Germany (Siemens). Their technology is 25 years ahead of the UK. Finance, the last few large offshore wind farms I reviewed were funded by foreign investors. Let’s not even look at solar panels. When I gaze out of my window here in the German village where I live, almost every house has solar panels, as does every farm building, school, public buildings etc. Facts from my experience over 15 years as an onshore and offshore wind energy project manager.

so depressing

At least Russia has borders.

Brexit Denial that whats wrong with the economy.

There are two types of forecasters : those that don’t know, and those that don’t know they don’t know

we’re cascading into the abyss…yay!