22 Comments

1. 

   @albertorg4085

   December 17, 2023 at 8:01 pm

   Enjoy your Brexit.

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2. 

   @paulbannercheck7585

   December 17, 2023 at 8:01 pm

   The greedyTorie Party thats what happened.

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3. 

   @rbir2653

   December 17, 2023 at 8:01 pm

   Why are taxes so high? That should be the question. Poor public sector performance and big government. With less tax you keep more money. European wages are not so high. I think this report is very biased and selective.

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4. 

   @gerardflynn3899

   December 17, 2023 at 8:01 pm

   Wages in England have always been very low for the past 200yrs.
   The so-called upper class don't want anybody to be rich except for them.
   That's the general impression that England gives to the world.

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5. 

   @janettetaylor8760

   December 17, 2023 at 8:01 pm

   Greedy government who rather have the money in there pockets and then call UK people lazy who won't work..

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6. 

   @bobss85

   December 17, 2023 at 8:01 pm

   Ben for PM! 🙂

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7. 

   @dekmackie

   December 17, 2023 at 8:01 pm

   The tories have taken every worker for mugs – gotten away with it – cos folk just bend over and take it like good little bitches nowadays

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8. 

   @nicholaspostlethwaite9554

   December 17, 2023 at 8:01 pm

   Regardless, UK people are paid far too much. We are overall lazy and like it this way. Work a place to socialise at not work. Productivity is the main problem. Our greedy who might otherwise create proper companies all go into property spivery like buy to let. A rigged market of no risk easy money for nothing. All political parties are in on it for their mates. Making Exploiting and destroying the green fields ever easier. Millions for absolutely nothing, bar destroying our food producing land and environment. Besides, what else is there to do with even more money? Waste it away on consuming more stuff pointlessly or worst UK habit paying for holidays, closest to just burning money.

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9. 

   @LeoN-wc9od

   December 17, 2023 at 8:01 pm

   Brexit 😆😂🤣

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10. 

    @johnnettleton1240

    December 17, 2023 at 8:01 pm

    Maybe several million more residents with unrestricted legal and illegal immigration.

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11. 

    @mattyn870

    December 17, 2023 at 8:01 pm

    The UK chose businesses over ites people. Typical Tory ideology of trickle down economics

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12. 

    @wonkygustav4457

    December 17, 2023 at 8:01 pm

    It’s quite obvious really when you consider that working class Brits don’t know their worth. I’ve never known people that will tolerate as much bs as the Brits

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13. 

    @rix195

    December 17, 2023 at 8:01 pm

    Yet our UK bumbling incompetent Government buries it's head in the sand. Doesn't want to know. Just wants to ignore it.

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14. 

    @Iomhar

    December 17, 2023 at 8:01 pm

    Their Ph.D.s are paid less than 600 shiteuros a month?

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15. 

    @einseitig3391

    December 17, 2023 at 8:01 pm

    For most of my adult life Britain has had two problems: Higher than average (peer group) inflation and low productivity.
    
    The former appeared to be solved by the granting of Bank of England independence but is now considered a by-product of globalization and the off-shoring of British manufacturing to (mostly) China.
    
    The productivity conundrum has never been solved.
    
    The problem with growth without productivity gains is that growth is considered (as you have mentioned) to be increases in GDP which can be caused by inflation.
    
    At 2:55 you mentioned growth contributes to higher living standards and wages but only if you have higher productivity, without that, the growth is most certainly inflationary.
    
    The period post the great financial crisis is categorized by low interest rates and inflation.
    
    Given Britain’s two problems, low inflation had led to low growth in GDP.
    
    It is no coincidence that post the cost of living crisis caused by the removal of lockdown restrictions and the war in Ukraine, Britain has returned to the outlier position of higher than average inflation.
    
    British companies rushed to increase prices regardless of cost.
    
    BT along with mostly all telephony companies introduced prices along the lines of “inflation plus 3.9%” leading to increases of 14%+ in bills.
    
    Keying into Google, “Britain’s Low Productivity Problem”, will give you acres of results from numerous studies.
    
    One theme that runs through many is growth of service jobs and the reduction of manufacturing.
    
    The UK has absorbed waves of immigrants who deliver goods such as parcels and food. The numbers in this industry are mind blowing especially if you add mini-cab driving.
    
    The productivity of this area is notoriously hard to calculate. Additionally food delivery subtracts from productivity with the adding of a third party or middle man who gains a cut from the cost which is higher (or should be) than if the first party visited the second to obtain the product.
    
    I have downloaded the Resolution Foundation report and will read it cover to cover, however, my hopes are that they have factored in to any ‘solution’ proffered the impact of the biggest risk to the UK in the medium and long term, which is the US Inflation Reduction Act not Brexit which ranks second.
    
    The writing is on the wall with the UK stock market mired in under-performance leaving our companies vulnerable to take over in addition to UK companies like ARM refusing to list here preferring the US.

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16. 

    @JonatanRaven

    December 17, 2023 at 8:01 pm

    Oh Brexit, what a surprise to nobody outside of the UK.

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17. 

    @lutzfilor8253

    December 17, 2023 at 8:01 pm

    You seriously ask why UK workers are paid less then other European workers?
    Here is your answer, because this is how the UK aristocratic elite is making their money. If that doesn’t work they buy cheaper stuff overseas and viciously destroy their countrymen. No risk, high rewards no accountability. And leadership at the expense of those you should lead and help. Leader should lead others to success. No have their success at the expense of those who have to trust on their leadership.

    So it is a stupid question and we need an Argentinian style of change. UK is stuck in the late 18th century early 19th century. For your information we live in the 21th. This backward thinking is actually shocking to me.

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18. 

    @Maazzzo

    December 17, 2023 at 8:01 pm

    One of the many, many reasons that Brex$hit was a huge mistake. Britain would have been required to keep up with Europe's standards.

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19. 

    @anthonypert574

    December 17, 2023 at 8:01 pm

    So 2010 Cameron came to power good ole conservatives

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20. 

    @stuartfitch7093

    December 17, 2023 at 8:01 pm

    If we take the low growth. Such as the recent fall in GDP. That came as no surprise to me at all.

    This is because in a town like mine there's many people who don't want to work.

    I have worked all my life and have never claimed one penny in benefits because I'm old school but I can kind of understand why my neighbour hasn't worked in the over 11 years I've known her.

    I work an average of 42.5 hours per week for just over £28k per year. This is a good wage for my town but I struggle after paying full mortgage, full council tax, full gas and electricity, car finance payments on a car I need for work etc.

    This is all whilst she gets a car given to her free, reduced council tax, money in her hand etc. All these things add up to over the £28k I earn per year.

    This means there's no incentive to work because she would actually loose out and be worse off financially by working. Be honest would you work if you can get more in benefits? Would you work if you had the choice between to go to work on a 12 hour night shift at 5.30pm in summer and at the end of it get less money than if you spent that same evening sat in the sun in the beer garden of the local pub drinking with your friends? Of course you wouldn't.

    The fool is me for being honest and working.

    I'm not saying reduce benefits or stop them. What I'm saying is that wages need to be made high enough to make working the preferred option. Benefits need to return to being the safety net they were created to be and not a career option.

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21. 

    @stuartfitch7093

    December 17, 2023 at 8:01 pm

    Trouble is you've got the vast majority of the higher paid, better quality jobs concentrated in the cities and the south. Up here in the north in towns like where I live there are no professional jobs. It's all low skilled, manual labour jobs that are obviously low paid. This is how in the UK you get pockets of wealth here and there but then vast swathes of more poorly paid, left behind areas. Because the good jobs and well paid jobs are not spread evenly across all areas of the country. This disparage has affects upon all aspects of life.

    Take the example of housing. In the UK there's constant moaning of a lack of housing. If we look at renting an apartment in London then your your looking at something like £2000+ per month and you have to compete with 30 other bidders.

    Compare that to a UK average rent across of something like £1100 per month.

    Then compare it to average rent in my town of around £700.

    In my town there's plenty of houses to buy or rent. Only today I've seen one reduced by 24% to £73,000 for a three bedroom semi detached house. My own three bed semi is worth about £150,000 in this town but if it was in an average area it would be worth about £200,000. In London it would get £800,000+.

    My point to all this is that because most of our youth are going onto university, getting a degree, then afterwards moving to the cities to where all the high paid, professional jobs are located, it is creating things like property hotspots in those areas whereas in my hometown the average age of the local population is getting older and older as all the young leave the town and thus there's not the same demand for housing, thus house prices are a lot lower, you can see some are vacant and boarded up. The exodus of the young also means there's certain local employers who can't find enough employees for their manual job vacancies. It's like a doom cycle we are in.

    If the economy was really levelled up whereby the good quality, well paid jobs were spread out evenly across the country then the people would naturally spread themselves out evenly and then you wouldn't have 30 people fighting over one apartment in London whilst there's dozens sat empty and boarded up that nobody wants in my town.

    Trouble is the powers that be such as the politicians just want 90% of the economy of the UK based in London and that's why we've been starved of government investment for decades to the point things like public transport are virtually none existent. There's parts of the town that have no bus services. They starve places of investment but then expect them to keep pace with areas such as London which gets the lions share.

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22. 

    @LiiMuRi

    December 17, 2023 at 8:01 pm

    Capitalists need cheap labor

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