Tainari88 wrote:The point one has to acknowledge Rich? Is never trust a British politician that U-turns too much. Lol.
My answer is the British navy needs to stay away from imperialism. All of the UK needs to fold it up. It is not bringing any good thing to the British budget. It is in free fall at the moment and unless the British start addressing the issues of high unemployment in the UK and badly paid work even for an educated workforce? You will have problems.
The problems in the UK is that we have -(minus) unemployment and as such supply cannot match demand. The UK has 2.8% unemployment without accounting for structural unemployment which is the part of the workforce whose skills cannot be matched to jobs. A healthy unemployment rate is 5-6%, we are at 2% which means that by taking account structural unemployment we are at -(minus) unemployment rate.
We have millions of job vacancies and no people to fill them up though we do have 5 million people on the dole who refuse to work and are accounted as "employed" for they are supposedly "actively looking for work"
Supply failing to match demand has caused a deflationary cycle and wages to double. The UK has always had high wages and now they have shot up in the sky. A pot-washer is now charging £15 an hour. Almost double than 2,3 years ago. And still noone can find them.
Your assessment is not just wrong but it is the exact opposite that is the problem, we have no unemployment, extremely high wages, as a consequence extremely high taxes and lots of successful companies are going under because they cannot provide their products and services due to no staff available.
The UK needs more immigrants as a matter of life and death at this point and tax-cuts for companies.
The immigrants need to come first to allow companies to operate at full capacity and the tax cuts are required for companies to expand.
The British economy is quite solid, but it has gone out of sync(supply & demand), due to Brexit, covid and Putin's war. Brexit aggravating things massively due to the loss of the European labor market.
What it does not need is more taxes and less immigrants.
I think this is probably the first time in history when both the public and the markets are demanding more taxes, wtf? No sane person in the history of humanity has asked their Kings and Queens to increase taxes. The markets demand higher taxes because they want to make sure governments can pay the higher interest rates. The left and the unassuming public want higher taxes because they erroneously believe that this will increase benefits, failing to understand that benefits are a luxury that goes first when an economy goes into a recession.
All in all we have a chorus of idiots and their handlers going hand in hand, but you know who the loser will be don't you?
It will be all those people whom you all pretend to care for their equality that will be impoverished.
At the end of the day if the state is insolvent, benefits and social care will be the first to go.
And the state will become insolvent for it has entered the wage deflation spiral, wages going up, inflation going up higher eradicating the wins from extra wages, and eradicating the wins of extra taxes for government as the extra money are funneled into higher interest rates.
The deflationary cycle is totally and utterly destructive. It needs to be broken instead of subsuming ourselves under it which is what the markets, Labour and half the Tory party are demanding.
Truss & Kwasi have rightly identified it so and they are being bombarded by the left, their own party, by the papers and by the markets to take the opposite action.
It's surreal.
EN EL ED EM ON
...take your common sense with you, and leave your prejudices behind...