30 Comments

1. 

   @maxthemagition

   December 20, 2023 at 6:59 am

   Take a mortgage of £200K at 10%…
   
   Equals £20k p.a. just for the interest alone.
   
   To get £20k cash….This equates to £30k earned minus TAX, N.I., Pension contributions, etc.
   
   If one is a higher earner it equates to nearer £40k p.a. just for the interest only.!
   
   Will interest rates go that high.?
   
   Well it's either that, or we are stuck with very high INFLATION.!

   Why all that DEBT?…..
   
   That's very easy to answer….

   Since the last financial crisis of 2007/8….The BOE has been printing money and IOus over the 14 years since, and dishing it out for almost FREE at ZERO % interest rates…..Madness for sure.

   Free money encouraged and produced a massive DEBT MOUNTAIN here in the UK and for sure inflated property prices and rents (BTLs) as well as propping uo the Stock Markets.

   So the UK has a DEBT MOUNTAIN never before seen if the history of GB and if interest rates go higher then it's game over for many people with high debt.

   Remember since Thatcher many periods of inflation have been fixed by high interest rates well over 10%.

   Now it seems impossible to do this and so we will have to live with HIGH INFLATION, and even a devalued POUND against the EURO and the DOLLAR.

   The UK today is in a very deep DEBT hole, created by….
   
   ZERO % interest rates over 14 years.
   
   COVID.
   
   High Energy Prices due to the UKraine War and North Sea Oil and Gas reductions.
   
   And last but not least….BREXIT.

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2. 

   @andrewelliott4436

   December 20, 2023 at 6:59 am

   Paying people to stay at home during lockdown was an enormous error.

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3. 

   @sandrabeckham602

   December 20, 2023 at 6:59 am

   Interesting , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than £850,000 before I turn 60, I would appreciate any advice on potential investments.

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4. 

   @FrederickCarlos-ej4yc

   December 20, 2023 at 6:59 am

   Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy I have been earning $65,000 returns from my $20,000 investment every 14 days.

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5. 

   @andylake3230

   December 20, 2023 at 6:59 am

   This debt is deliberate. They will then suddenly have a perfect reason, just like America, to move to a global currency when the big financial organisations, that allow Western countries to borrow so much, say no more and call in the debts.

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6. 

   @gubulusgabell5721

   December 20, 2023 at 6:59 am

   i can't wait for communists Labour to bankrupt Britannia
   😊
   enjoy it suckers
   i mean jobless by decision

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7. 

   @gubulusgabell5721

   December 20, 2023 at 6:59 am

   the economics of socialists globalists Tory and Labour

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8. 

   @nilsalmquist802

   December 20, 2023 at 6:59 am

   It's the super wealthy that need to start 'going on a diet' not the average citizen.

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9. 

   @dietisnotdifficult3305

   December 20, 2023 at 6:59 am

   Some contradictions in your argument, some ill defined terms, but on the whole a good jumping off point for proper debate on the subject. A debate on inflation, its origins, ramifications and remediation.

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10. 

    @patdarby2705

    December 20, 2023 at 6:59 am

    Cut spending on illegals except on transport home. Cut or abolish welfare benefits on layabouts who refuse to work and have children that they cannot afford to keep. Ridiculous that we still pay out benefits when there are so many job vacancies that cannot be filled by the able but unwilling. Will never happen. Government haven't got the inclination or the bottle. Sunak is merely a puppet of the WEF whose position as 'caretaker PM 'rests solely on carrying out their agenda. This includes continuing to inundate us with illegals as well as a 'communist style ' redistribution of wealth from middle and low income earners to fund benefit layabouts and mass importation of illegals. The same will continue under Starmer but will be even worse.

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11. 

    @andrewdalziel4006

    December 20, 2023 at 6:59 am

    Here is my 5 point plan.
    1).Cut payments for migrants and send all of them who don't have the right to be here back to where they came from (France)
    2) Cut foreign aid to zero.
    3) Get rid of the woke agenda and all the diversity officers and other wasters, like Directors of Lived Experience (whatever that is)
    4) Get rid of net zero and start using our own energy resources (including coal, oil and shale gas)
    5), Promote home grown food and UK manufactured goods.

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12. 

    @illegalsmirf

    December 20, 2023 at 6:59 am

    The plebs and proles need to have less while the rich and the London elite need more. Got it.

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13. 

    @johnbulpitt4154

    December 20, 2023 at 6:59 am

    It would be good if the government and local councils lived within our economic means

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14. 

    @markwalker4142

    December 20, 2023 at 6:59 am

    No Britain needs to start to hunt down that money that went missing over covid contracts .!! It needs to stop non Dom status and tax foreign nationals properly . It needs to increase tax to 60 % on the top 1% and have an energy tax on utility companies . It’s time to recoup from the blatant profiteers .!!! Don’t tell the rest of use to take the tax burden and take the hit . Typical wealthy agenda . I’m rich , I intend to remain filthy rich and you can all pay for it .!!!
    It’s only the way it is , because of brexit , bad economic management by the Tory elite on behalf of the majority of the population . I’m not interested in this prats opinion . He’s wrong wrong wrong !!! What a clown of a man .

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15. 

    @julesgiddings8747

    December 20, 2023 at 6:59 am

    Yes, but please let’s never go back to quantitative easing and 0% interest rates again.

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16. 

    @anneaylmer1655

    December 20, 2023 at 6:59 am

    The government are bleeding the public to death. It's a bout time they took responsibility for THEIR mistakes, and take to task the companies that are raising prices beyond recognition. I for one have cut my spending, because I can no longer afford the brands and quality that I enjoyed 12 months ago. No spending on luxuries, meals out, which in turn sees the economy sink. All the time we are being squeezed, the economy will stagnate – pure logic!!

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17. 

    @Klaus.anal.Schwab

    December 20, 2023 at 6:59 am

    I think the plan is to destroy cash and to give us no choice but to accept the new digital currency

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18. 

    @archiemcberry7102

    December 20, 2023 at 6:59 am

    Politicians do not get elected to cut spending. Cutting spending is no fun. Politicians love to spend money we do not have. It makes some happy and spending money creates photo ops for the politicians. High inflation results in Brits eating less and thus losing weight. And weight loss results in less people using the NHS. The Tory diet plan will make you healthy and reduce the cost of the NHS. Have faith in the Tories and ignore those hunger pains. You are doing it for your country. I think.

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19. 

    @rjw4762

    December 20, 2023 at 6:59 am

    Right Wing Ideas – low public spending, low taxes, self-determination, self-reliance, family-life – aren't even promoted by the Tories any longer. They Tories are part of the Liberal-Left cabal – they are a farce and a disgrace. The Minimum Wage makes us uncompetitive…..the high Corporation Tax makes us uncompetitive….our workers are less productive than other comparable nations, due to laziness and Businesses being unable to afford new machinery. What a state we are in …..which can be blamed on 26 years of LIBERALISM.

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20. 

    @paulgreen3361

    December 20, 2023 at 6:59 am

    My brother brought me 200 cigarettes when he visited me from the States, he paid $44 Dollars but here I pay £125. Those cigarettes were amazing to smoke they had ten milligrams of nicotine like cigarettes once had here but now ours are only 7 milligrams, I didn’t smoke as many as I do with ours because you know you’ve had a smoke, but I smoke more of ours due to ours being weaker. The other thing was the packets are normal with no scaremongering pictures like ours have. Also they got rid of ten packs of cigarettes in the EU and now I’m having to buy more and that makes me smoke more too. It was never about your health cause buying more makes me smoke more and making them weaker also made me smoke more, so I believe it was to do with making more money not our health.

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21. 

    @DD-fc1rv

    December 20, 2023 at 6:59 am

    They could try and get billions back of their friends from the ppe money they gave away, but we no that won't happen.

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22. 

    @robert112uk

    December 20, 2023 at 6:59 am

    That's why i predict a global economic collapse!

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23. 

    @9hawklord

    December 20, 2023 at 6:59 am

    All brexit managed to do was put the very clowns you are complaining about in a position of complete control. Raising interest rates takes 18 months to have an effect so we are a few months short of seeing a benefit. Cost push inflation requires energy prices to be tamed as well as wage demands and a good old dose of higher taxes, cue a Labour or National Unity government to take the blame for that. The end result those at the bottom pay the bill for the incompetence and greed of those at the top, so same as it ever was. And brexit exasperated that process making it a fait accompli that none of you saw coming.

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24. 

    @mike747436

    December 20, 2023 at 6:59 am

    The usual polarised opinion piece. QE and Brexit both contribute to this problem; it's simply not a case of one or the other.

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25. 

    @stonedoliveees

    December 20, 2023 at 6:59 am

    Nutrient poor food is as good as consuming cardboard mopped in sugar and fat. The bodys innate wisdom craves nutrients and the gaumlessness just knows how to open and close mouths to relentlessly chomp on it without realising the reason why it cant be satiated. Hows about improving our over tilled worked and depleted soils? And I don't mean chucking truck loads of artificial fertilizers at it…I mean the overall integrity of the soil, soil crumb composition, structure content etc etc…in other words soil health.

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26. 

    @REX4340

    December 20, 2023 at 6:59 am

    This is why they should have introduced a Loan Tax instead of raising rates.

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27. 

    @themsmloveswar3985

    December 20, 2023 at 6:59 am

    Hard to do that when the media has everybody programmed to aspire towards a life of excess.

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28. 

    @tonygyles7351

    December 20, 2023 at 6:59 am

    $10 billion on foreign aid, £10 billion asylum hotel bill, £20 billion for houses for immigrants
    This Government hoses our money away.

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29. 

    @stephfoxwell4620

    December 20, 2023 at 6:59 am

    The wealth of the richest 1% has trebled in fifteen years.
    Meanwhile wages for the rest have largely stagnated.
    All productivity gains are snaffled by the rich, moved to tax havens and the rest live on borrowed and printed money causing excessive inflation.

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30. 

    @elaine8955

    December 20, 2023 at 6:59 am

    I've been careful since last April. My best thing for saving money is make a list for the supermarket. Works for me .

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