‘It’s Only Getting WORSE!’ UK Financial CRISIS: Chancellor's ABSENCE and SOARING Debt Costs

In this GB News Originals video, we delve into the UK's financial crisis as the value of the pound drops, debt servicing costs soar, and Chancellor Rachel Reeves faces mounting pressure. Explore the impact of Reeves' budget decisions, the potential for stagflation, and the political implications for the Chancellor's future. Stay tuned for the latest updates on the state of the British economy. #news #gbnews #labour

[GBNewsOnline]

What do you think is the biggest factor contributing to the UK's current financial crisis?

[tonysilke]

I’m looking for opportunities to profit in a potential downturn, According to rating agency Moody’s, both the UK and the US are set to fall into a recession because of higher interest rates.

[SJ-tuow]

The man in the street could see that Reeves's budget was going to destroy the UK economy - which makes you think it must have been by design.

[beastofackworth]

Only took 6 month for Labour to make the Conservatives look competent.

[AlbertBoldan]

Famous M.Thatcher, quote, The problem with socialism is that you eventually run out of other peoples money.

[chlobix]

Sending back all illegal immigrants would save 2 BILLION A YEAR.

[coldbreeze]

Britain will go back to the stone age at this rate

[paulgreen]

I think it's time that as a country we cut all unnecessary spending such as Net Zero, Foreign Aid, and drastically reduce the migration bill in any way we can.

[stevegander]

Higher taxes, printing more money and higher borrowing, we’re in for a rough ride for a few years. Labour are destroying our country in every aspect.

[mymadnut]

I have never witnessed a civil war before
I think I am about to

[srg]

Anyone with an ounce of common sense, knew that this budget was going to end in disaster.

[keithmil]

RACHEL FROM ACCOUNTS HAS NO EXPERIENCE OF RUNNING A MAJOR FINANCIAL INSTITUTION LET ALONE A COUNTRY TOTALLY UNFIT AND WOULD BE SACKED IN A BANK

[bobbybearing]

Labour lauded her as the UK's first Female Chancellor, what at disaster that has turned out to be.

[grahamslyfield]

They don’t seem to understand basics, you can’t tax your way to growth.

[jakep]

This will be so devastating for so many people. We need another election

[not-this-fartoofar]

She borrowed to much to pay back the unions and increase the rail and doctors payrise.

[gavinspiby]

When was the last time the U.K. suffered a depression!
Well we’re in one now

[desmondmagrath]

Sadly she's completely out of depth.
No doubt the Treasury and the Bank of England will dither and then panic.

[thedangler]

This is what happens when you have a "Customer Services Assistant as Chancellor" 😂😂😂😂😂
We'll have the IMF involved shortly like Labour did in the late 70's.

[leelec]

She hasn't finished yet ....see what comes next .