There’s a few minor issues in the UK economy. OK, they’re not minor. Pretty grim really.
Dissident Nomad joins today to survey the state of the UK economy.
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16 Comments
I do not know how most people survive in this country. I'm a 90th percentile earner in my 20s and live reasonably well but it's a function of having a partner and as yet no kids.
Our country is utterly screwed. People over 50 basically live in a parallel universe where they get propped up, as do the totally non-productive and useless welfare class.
The middle just gets gutted.
I’ve seen the future and I don’t like it. Our poor children will have to navigate this mess.
@1:02:03, NZ is the same, I just looked up my childhood home and since we sold it 10 years ago it has more than doubled (2.25x after a 5-10% drop recently all based on estimates), trace it back to the year 2000 when it was built and it is about 3x or maybe even closer to 4
I think most of those metrics are worse in NZ, the earning to house price is worse, the house price increase is worse (though our wages have increased they are still below the UK). Utility prices here are actually only a little better which is sad when the UK used to have far far better (3-5x cheaper now is like 30% worse). Our infrastructure is crumbling oven though most of it is only 40 years old and because we built suburbs like the US the infrastructure requirements per person are far too high. We are loosing all of our teachers to Australia as they pay like 50% more.
Crime is skyrocketing even tho they brush it under the rug by not prosecuting but crimes that don't require a prosecution to be reported like robberies etc are hard to hide but they are getting cagey about releasing the stats now (two fun and unrelated facts is that ~50% of under 14s are Maori and Pacific (~70% European by whole population), also youth crime is skyrocketing)
I think I need to do a dig through the NZ stats to compare properly but many metrics here are worse and due to change in voting trends (see above unrelated facts) we have very little time to right the ship before we collapse to marginally better than SA
I always love a clack horse stream!
I'm not going to enjoy watching this one, but as someone from Britain i can definitely day its a failed state. Every "solution"to a problem can't be implemented because something else will collapse entirely.
Stephen… there is a type of heater suitable for stopping water pipes from freezing… if you bury your water pipe below the surface and insulated it, you can then run a trace heating cable inside the insulation ( this is just a long cable that gets slightly warm)
Should solve your hose issue, hopefully.
Bolton is an absolute disgenic hell hole, it was derelict 30 years ago and has only gotten worse.
Yes. Next question.
Real estate and finance sectors are the largest of the US economy. Is the mass migration 'pull force' really that simple?! 😂 smh
This dawned on me when you said, "financialization of the economy". I do seev some variance in what's reported as the largest economic sectors in the US tbf.
1:06:09 housing strikes me as something that should be looked at in a dedicated stream. From what I've seen it seems to be a problem, not just in the anglosphere, but across the West and throughtout the far East.
It could all be separate issues, but the simultaneous nature of these similar complaints about housing prices leads me to believe there might be something more going on.
In the 1990s they offered us Kit Kats in the student center to take credit cards. Thankfully I was on to their nonsense young. But the more things change …
I knew it wasn't good, but this was quite illuminating.
I live very close to Bolton, there are still affordable areas, I bought my 3 bed Victorian house on my own for £100k in 2017, it's now worth £150k, so a huge increase but still "affordable". I expect as Manchester continues to sprawl outwards this area will only get more expensive.
And we still have the bad food and the nasty weather. Thanks for having me on again, Radlib.
Nomad needs to get out of the south a bit more. Glasgow has a underground railway and its easy to travel about the UK by car if you avoid rush hour or road works. Its no where as good as it should but no were as bad as nomad makes out. His glass is defiantly always half empty. I live in a 3 bedroom semi ,built in the 50s. cost £120 000 10 years ago the same sort of house sold across the road last year. £130 000. I live 20 miles from Edinburgh and 10 miles from Stirling and 20min from my place of work. Life isn't what it was but it isn't as bad as Nomad makes out. After all you can move.