The asset class is getting richer, the wage class is getting poorer. I don’t really worry too much about graphs and charts, it’s more about how things feel day to day. I’m 52 and I don’t think the country has ever been this bad. If UK were a car it would fail the MOT.

In a world of flash in the pan emotional charged reporting, I just wanted to say that your steadfast production of unbiased data analysis is a breath of fresh air.

Loving the graph porn combined with the very clear and concise explanation of the economy. Great stuff!

We had a few guys from the UK come out to Australia for a few weeks work for a geotechnical site survey, we were quite shocked at how poorly they were paid compared to us in Australia doing the same job for the same company, and that was 8 years ago, it looks like things haven't improved much.

As a French person, I feel very sorry for those who wanted to stay in the EU. I wish you all courage-you'll need it

You need to explore the impact of brexit in more detail which has left the economy 5% worse off since 2016 and also the missed opportunity cost of not being able to trade effectively with the EU

The best economics channel on YoiTube.... Objective analysis based on facts. Thank you

Of course there are hidden increases to living costs. An example might be the increased recourse to private health perhaps because of NHS waiting times. Also, just to say thanks for all of the work you put into getting and producing graphs and charts. I know it is a huge amount of work and it makes your presentations so very clear. My finger is on the pause button all of the time! Cheers

Its almost as uf you privitise everything and dont invest you end up fucked!

Meanwhile we had a year of inflation where shit was legit rising by 100% lmao

If I were 22 rather than 72 I'd be thinking of emigrating now.

You don't know it ,in UK, but there are dozens of us, close to governments and businesses, following this gentleman from France, Spain, Canada.

Brilliant round up! Cheers.

Thanks for a good set of economic charts. Very informative. My solution is a 1% capital tax on the top 1% of individuals or households with net assets above £5 million and a reduction in tax for the other 99% in the UK. There should be a particular focus on offshore trusts owning assets in the UK and international corporations that pay tax in different tax jurisdictions. Then you'll get a boom in economic growth in the UK.

Great unbiased explanation. Very helpful. Thanks for the share. Hope your channel continues to grow.

Great post, very interesting!

clear,concise, visual. Tejvan knows his onions. Without London the UK GDP per capita is the same as Mississippi, the poorest state in the Union. Life expectancy was higher in the UK but this is sliding towards Mississippi levels every year.

Why are you reluctant to say that Brexit is a contributing factor to lower GDP and higher cost of operations? It has reduced the workers availability for seasonal operations; it has raised barriers for import and, especially, export to our largest and closest trading partners; it has reduced the value of the Pound and made our purchase ability lower. Why not point it out. It is a significant contributing factor to our decline.

Loving your work sir

Summary: a woeful period.

Great video, solid info with no fluff! I’m hitting the sub button👍🏻

Such an important video. To clearly show where we are and how things are going. Love your vids.

Let's make sure the Cons are in third place in the next general election!

Excellent summary of what is becoming a trend of accelerating decline.

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank

Excellent summary of our wows

Could you share a powerpint with these slides please

Great video! Thank you for this effort of sharing information. I recently saw that Productivity is not a problem for the UK, because all over the world, everyone is facing a cost of living crisis, but Stocks continue to rise and big companies make record profits. Therefore, if it isn’t a UK problem. It’s a problem of Wealth distribution. It would be interesting to hear your thoughts on this. Thanks again.

In the context of economics what does productivity mean and how is it measured? Is there a standard international methodology for measurement?

Mocking those who voted to remain in the EU is a low blow we are already suffering enough through no fault of our own.

Depressing picture overall. My own position has grown hugely better over the last few years. But I'm the part owner of the business I work at, had a few years with no pay increases at all, have been putting in 50+ hour weeks and take little holiday. That's now paying off. I expect I'll be classed as 'wealthy' now and demands will be made that I pay more tax.

Awesome thanks. Germany and Austria better off then Scotland Thomas or UK economically in benefits and wages.

I've been thinking about adjusting my investment strategy based on the conservative economic record since 2010. With the market being unpredictable, I'm considering adding an advisor to my portfolio management team.

The problem in the uk is that all parties are high tax parties, especially for the middle class. It’s like choosing between a rock and a hard place. If you want to have a comfortable life - the best advice is to leave the uk unfortunately. Because either your salary is going to be low, or if you work hard and climb the ladder you will part with 50 percent of your salary and a Victorian terrace house which formerly belonged to a worker will set you off half a million (or 1M in London)

A nice display of data and thought provoking. I have had the impression that much of the UK's woeful economic performance is due to poor productivity which is partly due to a combination of high economic inactivity and long term sickness. It looks like the rise in ill health which has forced some people out of the workplace happened during and since the pandemic, which suggests to me the health of the UK population in general was poor and a ticking time bomb which COVID detonated. Given that other countries seem to have been impacted less, why has the UK's population been hit so hard by the pandemic, and if it is to do with general poor health, why is the health of the UK's population so bad? Another question I have is why are UK firms so dependent on immigration and why can they not employ people locally? If the answer is to do with lack of essential skills, a follow on question is why the UK population of working age lacks essential or useful skills firms need compared to working age people coming in from abroad? Do the UK's education and training methods suck?

I know a lot of factors need to be considered but ironic that the highest period of GDP Growth was between 1974-79, the period when Labour was supposedly making a hash of things.

*"Labour shortages"* I can't talk about other sectors but in I.T. there is a *massive* shortage of skilled people willing to work for not much money. Pre-Brexit this was being filled with people from Eastern Europe and countries like Spain & Portgual and for a while post-Brexit it was being to a much lesser degree filled with people predominantly from India but with recent government policy changes now not so much. I'm confident that quite a few companies will be hoping Labour will loosen the market once again, otherwise they will havevto start training University graduates and paying more.

No one mentions that half of all dollars in circulation have been printed since 2021

"Economics Help UK" could you put "audio track on your "youtube" ? for yours French For your French audience.Best regards from France . What does audio track mean on UKposts? The Audio track option, as seen in the Settings. It is set to English, which is the original language of the video. Audio tracks, also known as Multi-language audio, are a UKposts feature designed to allow creators to provide audio description and foreign language dubbing.

Why is german ,french economy booming while UK is suffering from brexit

Anyone know if government have ever done anything right?

My local school just announced closure because of government policy. Hundreds of disabled children displaced.

The employment figures are a bit suspect in my view because the nature of work has changed and there are now more people working flexibly (either part time or gig economy). I know a lot of people in well paid jobs who do not work a full week because they are not money obsessed and they can afford to reduce their hours and pay less tax. So using the economics assumption that people who get paid the most create the most value, this is a loss to the economy which is probably not reflected in employment stats. At the other end of the scale there are a lot of jobs like delivery drivers which are low value and this is encouraged by the benefits system.

It feels like since 2008 we've basically made the wrong choice at every decision point.

The employment rate is pretty low in migrants considering we were supposed to gain from them being here, we're actually worse off from them on any metric you consider.

To the moon with Eledator!

Millennials really have been screwed from all directions.

Oh and by the way I have not seen a single mention, not a single mention of how well AI related tech and innovation is doing in Uk , astonishing !!!!!! , really astonishing , I don’t call you a pessimist for no reason. Think about this , the productivity issues is because there is no investment from private sector, nows that’s got nothing to do with the core competence of a country, there are situations that arise that can make a country look unattractive, but what what matters in the long run the ability, core competence and the desire to succeed, access that

2:10 but is this because of the massive increase in population? If you want to conpair with Germany :- Germany had 81 million people at reunification, the UK had 56 million the same year. Today Germany has 83 million and the UK has 68. Think gdp per head and population density , not just raw numbers..

Well, it could be worse, it could be raining!

I was a brexiteer but I didn't know that they will replace Romanians with Indians.

BTW howcome more money is being wasted on health care benefits- because the average life expectancy has decreased in the UK since2015 according to the Kings Report.

Great work. So the conclusion is that I emigrate to greener pastures.

Why dont you make vedio on the Uk becoming the 4th largest exporter, mr pesimist

The economy is not doing well but needs to import workers to fill the jobs ? Where are all these new workers living ?

we cant discount the general global enviuronment. With wars, pandemics, etc.

Looks like Brexit helped U.K. a lot 😊

Excellent work 👍 increasing corporate tax and stupid greenie regulations 🙄🤦‍♂️ when has government ever grew an economy ? Suppressing the economy is more like it 🤷‍♂️

It’s very easy to pick graphs there are present out there and brag about the same thing the news reporter goes on about, coz they cannot see the bigger picture, how are different from them

When does it get better 😅

Great presentation. In a nutshell the country is in a big mess and the people running it don’t have a clue!

Summary: Tories did it again

Only business can turn this around and there will be no investment until business can make decent profits, why invest in real business when you can just buy the SandP 500 and get 12.5% return with no risk or work. Thats the real problem with the UK and the EU they are not business friendly.

I thought I was just abit negative about the state of the Country, but its true we are all much worse off except the very rich

No secret, since years 1700, wealth follows the progress of the production systems of small and large companies: -UK the industrial revolution began -USA invented Taylorism and TWI (training within industry) -Japan improved the American invention with the TPS (Toyota production system) -China improved the Japanese progress with 996 & "3 NO" (" NO VAT (value added tax)", NO "compulsory contributions for social security", NO "compulsory contributions for retirement." 996? The 996 working hour system (Chinese: 996工作制) is a work schedule employees work from 9:00 am to 9:00 pm, 6 days per week; i.e. 72 hours per week, 12 hours per day

Inflation is money printing

Some folk say the Conservative government have been a failure. Nothing could be further from the truth. The Tories have been a raging success for the people they really represent.

Would have been nice to have the charts in view longer (without needing to hit pause) so one can actually take them in instead of returnjng to full face presenter.

Now do it for labour as well. Of wait they were terrible too. Need to get rid of both Conservative and Labour

For 15 years all mistakes that could be made, were made.

Don’t need 10 charts as the public can feel it in our wallets everyday. You know the country is in decline when you have a PM that nobody voted for and wasn’t even the 1st, 2nd, or 3rd choice in his own party.

The British have had to deal with stagnant wage growth a decline in real household incomes coupled and soaring rent and property prices- due to poor fiscal policy and The Tory government pulls out the usual excuses- its the BOE, its the EU, its Russia. The Tory Chancellor and the succession of Tory PM s and the Tory donors decide economic policy - not the the EU nor the Russian president. Vote Tory- vote for decline, vote for exploitation- because the truth is The Tory party and the Tory government want power to empower themselves.

The funny thing about 2008 is that it doesn't only mark the sharp downturn in western economics but is also the year when NATO decided to isolate Russia and double down on sanctions around the world. Bad government, misguided policies.

Personification of Pessimism

This is great info but all of these charts are at least a quarter old and some several years old, it seems we are on quite an upturn recently? - or you think it's an insignificant blip?

NHS waiting lists will be worse when labour open the immigration taps further

The Tories don't level up, they punch down.

Conservatives have cut on spending this money saved. Labour can come and spend it. That should show economic growth on the charts

This feels very similar to the 1970's, it probably needs a Margaret Thatcher type politician to sort the issues out.

What's really amazing is the graph showing Average Household income, the highest Countries are not in the EU, its the EU that has dragged Europe down for decades

I hope the Brits are enjoying all the amazing benefits from having left the EU. BAHAHA! 😂

the not vu.

Still paying off the Genius Gordon Browns careful management.

You mean since the Blairite plant David Cameron came to power?

Gotta love the tories whoo hoo 🫠🫠🫠

I joined the job market in 2011. I've been getting steadily poorer since then in the same job 🫠