Britain's Economy is Falling Behind the G7... why? - TLDR News

Britain is struggling a bit at the moment. Politics is a mess, public confidence is falling and despite claims from Number 10 the UK economy is far from world beating. So in this video we'll explain what's going on with the UK economy and why we're falling behind.

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[butterflysrage]

almost like putting in trade barriers with your largest trading partners was a bad idea.

[LoudMouth_]

You can really see why Johnson is so desperate to remove the NI protocol. Having NI being the highest -performing- growing economy in the UK besides London is a bad look for Brexit.

[matteofalduto]

"The economy is so bad that we cannot afford a mic stand anymore"

[pedromarques]

Brexit is not all bad. Thanks to Brexit the other EU member states will think twice before saying things like "Do this or else we are going to leave"

[alphamikeomega]

_"The two countries at the bottom of the list are suffering due to economic sanctions. The difference between them is that only one of those countries chose to impose sanctions upon itself."_

[getnohappy]

Johnson: I think you'll find the UK has the largest growth of all countries that have left the EU
Brexiters: seems legit

[cronaalbarn]

Britain joined the EU because it's economy wasn't growing as fast as Europe's, it left due to a myriad of factors, now its economic isn't growing as fast as Europe's again.

[talideon]

Meanwhile Ireland is on target for 5% growth this year. So, Brexiteers, it's once again proven that Ireland's best interests are not to follow the UK's bizarre whims, but to chart our own course.

[martinwyke]

Self inflicted trade barriers, easy to install, hard to remove.

[MattWizo]

We had a great deal in the EU. Can't believe we gave it up. I doubt we will get anything similar when we are crawling back.

[infogang]

Damn it's almost as if young people don't have as much disposable income and can't take risks like starting a new business as they have to pay £1k~ a month for a shed with a leaking roof

[kantpredict]

I read the headline and immediately answered before watching "because Brexit was a bloody stupid idea that should have never happened". Chances are, it's probably a major contributor.

[SilverHalsen]

Who knew putting corrupt politicians in charge would be a bad thing.

[Anonymous-uufw]

"The Pound is looking like an emerging market currency", what a classic lmao

[rubberducky]

In my experience, the UK's low productivity comes from employers being unwilling to invest in both training their staff and in new equipment to help them do their jobs more effectively. Instead they're focused on cutting costs by offering low wages and not hiring anyone without experience and by always going with the cheapest option when buying equipment which then breaks and expecting staff to just work around it.

[scotandiamapping]

Wow who knew leaving a major economic bloc which involves your immediate neighbours and therby your most important trading partners was a bad idea?

[gediminaskucinskas]

A-are you saying that placing trade barriers with your largest trading partners was a bad idea?!

[ladyeowyn]

Huh, post 2008 productivity shrink you say? I’m a college grad from that recession and have never felt like the macro economy has my generation’s interests in mind. Becoming first time parents in a mismanaged global pandemic has underscored that feeling. And I may never retire. So no, I don’t care about productivity. Not mine, not my coworkers, because we don’t ever see the benefits, and companies have never had any loyalty towards us. I’ve never had a job with training or adequate onboarding, nor a raise that has ever kept up with inflation even when I was making lots of personal sacrifices for my job. I’m deeply jaded and a lot of my peers feel the same way. Of course productivity is down since 2008, and yet, companies and governments still do not care about workers.

[NAYRUthunder]

UK scores worse than anyone except Italy.
Me, an Italian: 😀☹️😀☹️😀☹️

[lexslate]

TLDR: "We see there as being two main problems."
Me: Brexit and Boris Johnson?

Constricting trade by removing the UK from the EU single market was not a good plan. Shutting out EU workers was also not a good plan. Becoming a more unpredictable place to invest, thanks to all of this constant bickering with the EU that Boris insists upon to distract from how often his breaks his own rules is also not helping.

The Conservatives cannot fix this. People who think government is bad can only form a bad government.