Why UK 🇬🇧 is going Bankrupt? : Detailed Economic Case Study
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VIDEO INTRODUCTION:
The United kingdom was once the symbol of power and heritage because of their 200 years of looting colonies like India!! But in spite of all the treasure hunting, now the UK is going through the worst economic and social crisis in its history!!
As of 2024, while the debt level in Germany stands at 63.74% of GDP, Ireland stands at 42.5%, India stands at 58.2% where as UK debt stands at 99.5% of their GDP!!
And you know what’s even more worrying, while in other countries, the workforce is getting bigger, in the UK, People are leaving the workforce due to long term sickness.
At the same time, UK’s productivity has remained stagnant since the 2008 crisis!! The hospitals are falling short of nurses, And 45 percent of the patients have been waiting in an emergency for 4 long hrs!!! and there is such a big labour shortage that UK has a shortage of more than 1,00,000 truck drivers. So now, the UK is seeing the sharpest increase in the absolute poverty in 30 long years!!
So the question is,
How did the UK’s economy fall into such a terrible situation?
What are the biggest mistakes that the UK made which caused this massive economic crisis?
And lastly, what does India need to learn from the UK’s terrible situation??
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✅Study Materials:
1. https://researchbriefings.files.parliament.uk/documents/CBP-7851/CBP-7851.pdf
2. https://www.investopedia.com/articles/investing/042915/how-uk-makes-money.asp
3. https://www.youtube.com/watch?v=BhXvm5a4KCk&t=312s&pp=ygUOdWsgY3Jpc2lzIDIwMjQ%3D
4. https://www.nytimes.com/2024/06/19/business/britain-economy-inflation.html#:~:text=For%20many%20economists%2C%20the%20past,go%20up%20as%20productivity%20improves.
5. https://www.ft.com/content/6ada0002-9a57-11e8-9702-5946bae86e6d
6. https://www.ft.com/content/e7a8cb3a-efcc-4d62-962b-d284545c14f6
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37 Comments
Need to cut benefits payout and encourage the free loading class to get back to work. But lefty parties would never do that because they need the scums votes
India is downed by stock market loss. just jealous of London.
Brilliantly put
Seriously guys you need to allow us to save the video from the list. Don't make us come to the video and then be able to save.
THIS IS WHAT YOU GET FOR SUPPORTING ISRAEL, INDIA AND HAVING THEM IN RUN YOUR COUNTRY
One of your excellent, well studied content here. As a trader in the global financial market for 23 years, I could relate to every point. Brexit was the worst decision UK did in its entire history, by involving ignorant citizens to take a poll on that. They celebrated that day as 'Freedom'. However they try to defend that decision, the damage is done and its going to take decades to come out of it !!
It always is and I'm 78 .
12 hrs waiting at Accident Emergency ot 4 hrs
India is heading the same way as the UK. This problem is caused by the rise of the right wing extremists and India is lead by Modi who is dividing his own country by trying to isolate minority groups such Sikhs and Muslims.
But Russia is doing great in isolation,,it simply mean that comodity is the super power unlike what the west says that manifacturing is better than comodities!! do you know that Arabs, Russia and Africa can easly put China out of bussines?and can easly destroy Europe??
True the big decisions on economy should not be made by public at large , demonetisation / electoral bonds proved that neither they be made by whims and fancies or political interests of their leaders . It should be left to experts but subject to public / judicial scrutiny to protect the conflicts of interest .
Summary democracy is crazy
Golden words–India needs to concentrate more on Manufacturing than services…..Kindly tell this to pseudo Economist Raghuram rajan who has been telling that we should not concentrate on manufacturing but only on services….Raghuram rajan is an biased politician than an economist….hope people understand these kind of fellows……
15:00 onwards, please don't follow this guy thought process. He is insanely wrong as he is not at all a business man
Please make a detailed videos on impact of recession on Indian job market.
Difficult to hear past the propagandised, anti-British diatribe to detect any objectivity here. Britain has been very happy to take in enormous numbers from India and have the UK economy reward their hard work, as doctors, accountants, academics, bankers, etc., something that the average Brit has not, so far, labelled "looting" because such emotive, prejudicial, pejorative terms are unnecessary and unhelpful. Having these activities rewarded is simply the result of being an open economy, allowing factors of production to move around the world to where they are rewarded better – rather like the English introducing tea (from China) to India, hundreds of years ago, and selling the finished product in the west.
Far better, surely, to be India and have this relationship with a former colonial power in the west than be one of France's CFA Franc states in Africa, with no real autonomy and your natural resource wealth being plundered at far below market prices in the present day, no?
I don't suppose anybody posting here also considers it helpful to India that the language in which so many of its citizens are fluent and happens to be the globe's most spoken language, gives those citizens an advantage in exploiting the globalised world? OK the international comparisons of corruption indices continue to show India as lingering rather below other formerly British-aided nations on this front (to all those who say wealth based on stolen property / looting doesn't last long, please try to reform your corrupt institutions because you're right about that), but given time, maybe India can catch up with those success stories such as Malaysia, maybe even in the very long run, Singapore, etc.
What's to be learned from Britain? Don't make the mistake of taxing too heavily or feeling overt amounts of self-hatred, leading to masochistic policies? Don't be the slavish lap-dog of US interventionist foreign policy, following along unquestioningly? When you become a magnet for international migratory flows, don't believe the divisive, race-grifting complaints of those who tell you what a terrible country you are?
Economic problem started in 2000. Not with Brexit in 2020. The last 20 years in the EU Britain didn't make a fiscal surplus in any year. We could not afford to stay in the EU. Get your facts right instead of repeat disinformation
Why still Rishi Sunak's picture used in thumbnail here?
Apart from all of the layered statistical data and reasoning, the main causes are – drying of looted money, overly generous welfare mechanism of state, and preferencial treatment to refugees (legal and mostly illegal) over citizenry & educated legal immigrants.
Please stop your pro
Modi agenda, talk to Subramanian Swami if possible, you might get an eye opener!
All the best
bro rejected democracy
It's karma
Tommy belittled islam
His wife belittled him for islam
"Inspite of all the treasure hunting," 😂
But still UK is supporting and providing fund and we@pons to Isr@el. While their own people are in poverty.
India should learn from China on economic development. Though China is enemy of India, they did good job on economic development of great population but poor nation. India has lots of potential. But to to make the potential to reality, India has lots of work to do ahead.
India is also not far behind, two Gujaratis will sell the country to crony capitalists very soon.
Lol just an youtuber thinking that wisdom of crowd is useless and reading historical books will make you intelligent:)))))) and better than everyone….your ignorance is at peaks….please grow your mindset
Don't forget that the UK was powerful when it controlled it's empire/the commonwealth. It's been in decline since all of those countries gained independence.
That is why the USA took over from the 1940s, the UK had lost power
Bro, it's common sense that IT would be employing less prone r compared to textiles, why do you sound so shocked?
Britain is one of the first Western nations that abandoned democracy in favor of an authoritarian dictatorship, especially on the internet but even offline. Zero sympathy for the traitors of the free world, UK and US at the top! At least places like Russia and China were always authoritarian, they didn't promise my generation a free world only to backstab us when we least expected.
Queen still didn’t understood the UK is ruled by Arab now a days 😂😂😂.. your analysis/Gyan is wrong bro this time..
UK will follow US in borrowing. They will keep out immigrants and may grant temp visas for Africans for their labor.
Good !
👏 👏 👏 excellent video !
Most European countries are now fed up of the European Union because it has now become a Political body, instead of a Economic body. It now dictate to the Governments of its member counties how and what to do and what not to do in their own Countries and those who retaliate get penalized. the Governments have now become mere Puppets.
theses comments from the people with a gdp per capita below 2k a year is hilarious, now get back to making my jeans lads, it almost winter
Health care spendung: uk must switch to ayurveda