Why the UK Is a Poor Country with a Few Rich People

I’m a self employed bricklayer I was earning around 50k a year from 2002 to 2007 last year I earned 33k my rates of pay only gone up 80% in 25 years but I got to do more work for my money and even doing working extra’s all in the price for free Iv never been so worse off in my life it’s depressing

About to get poorer

England is one of mostly densely populated countries in the world. The Brits are living in rabbit hutches and shoeboxes, a housing situation that is sad and pathetic indeed.

That town more doc jmellors talking 🤣

All the money migrates to britain when i pull the dispencers mark 1 over from skidrisk 🤣🤣

UK is basically a home for all the mafia and the corrupt people from around the world. The rest are just slaves working for these corrupt elites and are being fed the 'white' powder of white racial supremacy or the islamophobia, fooling the whites to believe in a brown Jesus by painting him white etc to distract the attention from the real agenda and fool the masses to remain patriots

Rich lost interest to produce because nobody has money to buy or anything they are interested to have. That is why revolution even a mild one that doesn’t kill many people reshuffle wealth and regain motivation. But that is bad and still many get killed.

Show me the slums and people starving then.

This might be because in the UK have more than 9 million working age people not in work and on benefits which gives them a lifestyle they are comfortable with!

The only ways we get wealthier:
1. population is better at investing their wealth
2. export higher value products and services

How we can do this becomes complex/debatable but:
1a. financial literacy & better platforms
2a. better education (generally) -- I think centralised & state driven education is not cutting it, probably need more competition of new approaches/methods
2b. reignite capitalism/entrepreurialism via wealth re-distribution -- if more people have more disposable wealth/income then more risks can be taken, means more diverse/interesting businesses, means more completion and natural selection
2c. fix real-estate -- regulation and nimbys have reduced liquidity of real-estate causing individuals and small businesses to suffer, paying inflated prices and rates for the few properties/venues available. Increasing liquidity of real-estate will drive (or reduce inflation) of these costs allowing more capital for improving products/services and spending
2d. fix government deficit -- tax pounds spent typically reduces economic efficiency and reduces capital of individuals and companies
2e. reduce income tax -- more capital for people to be entrepreneurs, and more attractive to global talent
2f. get people to work -- we have 3x people on benefits compared to Europes average (if I recall correctly)
2g. realise we are not an empire and just an island, reduce non-returning support and ingestion of low productivity migrants
2h. attract global investment -- companies should be attracted to setting up in the UK, we turn down data centres, factories etc for bullshit or political reasons. We turned down a £x billion datacenter because it would have been seen over the trees next to a highway...

Just going back to the 16th century 😂

This is exactly where trump is sending us in the USA.

If it is so poor why are so many immigrants legal and illegal heading to the UK? Answer me that!

Same as India .
Only USA, Japan and Germany are truly wealthy

Because Elites have stolen eveything and sold all uk accessts

Before central banks' money printers were implemented, to be rich, a person had to invest, build, hire and produce real goods and services for everyone.
Now they can just play with phony, make-believe money and watch it grow, without providing anything.

IF UK POOR..., WHY SO MANY HOTEL BARRACKS IN THE UK..? 🏨🏨🤔🤔🤔

like everywhere else

Too high governemnt spending-> more tax-> less reward for companies and individuals -> lower productivity->less income and products generated -> increase government spending for welfare->more tax
You need to attract external investment to improve the economy but higher tax and anti-rich will make fewer investor comes. Why london is doing good but not others? Why London people are so high paid? This is because they worth more in the world,not because they are in London,even they go to other places. They can earn. The thing is people need to learn how to earn more, either work harder or taking risks

If we are being honest, isn't poverty not everywhere around the world. It makes no sense to call a country poor when in reality all countries around the world have large amounts of poor people or normel people. The things that are being described are problems that is everywhere haha.

taxes, lost manufacturing to south europe

Really so how many of the 70 million in the uk are really poor. Really you need to all go to Africa and see what poor is.

The wealth is being extracted from the middle class, to the ultra rich. Let’s try and stop it shall we?

Good video.

Income brackets are frozen till 2028 pulling people into the higher tax bracket. 50k nowadays is not what it used to be. More taxes overall and higher bills, less disposable income to spend on the economy. Yet the taxes paid, council tax in particular are not reflected in the services delivered. There are potholes on the roads everywhere.Then there are the mass layoffs, so even those who could afford to spend are saving just in case. High house prices with people stuck in renting. A potential pension crisis in the future, if not already. The UK is in some type of accelerated decline. This is also noticeable for those who travel to different parts of the world. So the majority of the population is seeing a decline in living standards with the eradication of the middle class and the poor becoming poorer

We live in a country which uses Orwellian double-speak. The National Debt should be named the National Savings Account as it's primarily made up of govt bonds, pensions (plus interest), to those beneficiaries who have saved their wealth with the govt.
The National Deficit simply means money that's in circulation that's yet to be taxed back. Deceitful people claim these two things are bad for out economy which makes zero sense.
The Supply and Appropriation Act is used to fund deficit spending each year and you can use as much money as we want to spend on socially useful things like health care, education, infrustracture, utilities, food production etc and to avoid inflation we are taxed back to take that excess money out of circulation. New money is then created to replace that taxed out of existance.
Deceitful people have pushed the austerity narrative for far too long hence 90% of the population is really struggling whist the other 10% have more money than they know what to do with.

If it wasn't for money laundering "London" would be facing poverty by now, and if it wasn't for thievery and the industry of wars the U S would kissing the king's rig.

Tax.

This video is is incredible spot on. I've been saying the same for some time now.

Good video

Thats most countries in the world

Islam and third world immigration have killed the UK.

insha'Allah soon islamic republic of united kingdom insha'Allah

Why dont u send needy 😊people in india to beg... Its legal.. They can beg in India and send money back home, ur economy will also improove...❤❤❤❤

Good analysis, wrong conclusion

UK would be better off as a province of China. Apply now ! I am not kidding.

Bro stop waving your hands around that does not make you intelligent, uk is a Rich country

This is same as the US, poor nation with some rich people

An interesting study but perhaps you missed the fact that the problems you highlighted are almost entirely secondary consequences, The underlying and primary cause of all these negatives is the fact that the UK, unlike China or Japan for example, operates a ponzi scheme of importing low skilled labour who are not NET contributors to society, This depresses income for the average worker, increases polution, congestion and demand for schools, health care and housing etc.

The problem for Britain might be more extreme than most other places. Buuuut, in my view it follows a trend. Rule number one of our current system is that inflation will happen every single time 1$€£ is loaned at interest for what ever reason. This is why "inflation targets" of 2% was arbitrarily chosen(yes they made this one up). Why would we even need a target if the monetary system is inflationary in the first place? For the same reason that prices in many sectors was fairly stable(and thus giving low inflationary numbers for the economy).

The internet and digital revolution, just as "automation". If the overall economy worked like a computer, you would buy a banana in the store and be fed for a month. Everything from GPS-controlled farming to highly efficient and tight distribution systems to more and more efficient energy usages should have a massive deflationary effect and drive prices towards 0. This was happenning and this is why interest rates was lowered and even negative sometimes. The system saw broad improvements in every sector and especially those who are in only the digital space. After a while, this just stopped in it's tracks. There is only so much you can improve with digital tools if you sell food for example.

I still think the whole era of panic and disease was mostly artificial to fix this problem. The bankers could not lower intrest rates more than they had already done so something huge was needed. I think all of this, because in August 2019, BlackRock presented a plan called "Going Direct Reset" at the central bankers' meeting in Jackson Hole. Shut down economic activity and force people to remain at home, then shove ungodly amounts of cash into the pockets of their friends. That will create inflation alright :)

Almost as if 14yrs austerity/Conservatives screwed up the uk economy 🙄

Thatcher

to the comment section : DO NOT become a lemming who blames immigration. You are doing the work of the rich to blame other members of the poor. They want you to blame immigrants so they can continue keepping wealth inequality high

There is no known cure for stupidity. And because the British public who ultimately brought Labour to power did the forbidden thing of pouring fuel on the existing fire called the British economy. Labour and economics is like taking economic advice from Mao Zedong. Nothing good can come of it. Poor Britain.

It's pretty immoral and spammy to claim talk about the British economy while deliberately ignoring the most major issue transforming it.

Mass migration since 2002 hasnt helped as its diluted productivity and gdp. We are being weighed down by low skilled low paid work unproductive work.

US soon to be one.

Thiefs run out of Heist money very qick

It used to be like that 120 years ago. The wealthiest imperium but most people living in poverty