Can Labour Policies Fix the Broken UK economy?

A look at Labour's economic policies and whether it will transform the fortunes of the UK economy.

0:00 Intro
0:33 Stability
1:46 Green Investment
5:11 Housing
7:11 Securonomics
9:13 Public Services
10:52 Brexit
11:32 Overall

► Please SUBSCRIBE!


ABOUT
-----------

[jonnoMoto]

without watching. I'd say no. i think the best we can get is for the UK to not get any worse.

[johndover]

Britain needs a completely new political system, a democratic one, if it is to improve the lives of ordinary people. Labour and Conservative have been around for far too long for any good that they might do. It's a game they play, offering inducements to the voter, like handing out sweets to children, while the corporate media looks on pedalling their insincerity, desperate to maintain the status quo that is a gasping, dying U.K. Ltd.

[mikeroyce]

"Four chancellors in 2022 alone" sums it up brilliantly.

[benghiskahn]

The country is a basically a skip fire in motion. There are some areas which have certain value that have not yet caught fire, but its only a matter of time.

Government's need to be honest with people about just how broken public finances are. The national debt is humongous and we've been living off of borrowed money year on year for decades now. This wasn't so much an issued throughout the 2010s when debt was cheap, however rather than borrowing to invest in the medium & longer term value and productivity of the UK, our government of the day chose to cut cut cut here, there and everywhere resulting in a lost decade of investment opportunities. That same Government also decided to cut the UK off from its largest trading partner via Brexit and which has only added additional costs and delays to our essential supply chains.

There is a growing and ultimately unsustainable liability to support persons who are economically inactive, whilst simultaneously the state is subsiding the low pay of millions of people who ARE economically active because work simply does not pay anymore.

Additionally, the housing market is a HUGE ponzi scheme which is sucking vast sums of capital out of the UK economy and rendering it almost completely unproductive. This ponzi scheme is the bedrock of many of the issues that the UK faces today with the cost of living as larger and larger portions of household incomes are being devoured by housing costs/rents.

It's quite telling that none of the political parties want to discuss or address the MAJOR issued that afflict our country, instead they just tinker around the edges and vomit up hairbrained schemes that are of little or no value to anyone.

Politicians need to admit that they either do not want to or are simply unable to actually grasp the major issues and implement meaningful change that will improve the lives of the general public. Why? Because its not in THEIR interests? Or because the political instructions in this country no longer have sufficient power and influence to be able make the meaningful changes that we all need to see.

[TheSanddancer]

As long as the parasitic housing market, sucks all available funds away from investment in industry and the economy as a whole, things will only get worse.

[Jamal-Ahmed]

To fix the broken economy, we need heavy economic investment to kick-start growth. That's what Biden did through the inflation reduction act. And it's not enough to just invest in renewable energy or green energy, we need proper investment such as roads, infrastructure, public railway, more housing etc. The government should meet fiscal rules but shouldn't hesitate to invest in order to get returns.

[ridethelakes]

There is no shortage of social housing, we have the fourth highest % of social housing stock in the OECD. The problem is supply and demand, not enough building and an open door immigration policy.

[IainFrame]

No of course not. No one in the Labour shadow cabinet has a clue about economics at all. No vision, no strategy, no idea.

[harmonizedigital.]

The bottom line is that people don't make enough money here. 100k in the USA for a IT admin vs 32 k per year here but the same cost of living.

[jules-bzvc]

We need someone like alan sugar or branson in charge. They would sort the root problem . We dont need to worry about what to SPEND money on until we actually HAVE some money!

[roberttaylor]

Note on the planning system. It is not the planning system that slows down housebuilding, permissions are always in excess of building rates. During the Blair government the planning sytem allowed for 400k houses per year but there was nobody building at near enough those rates - the average build rate since WWII is 170k per year and that includes the massive post war building programme. Also cost of housing is of course not directly linked to supply more availability of money as debt.

[gridrunnersshack]

Great analysis as always. I’d have a 3 point plan:
1. Significant wealth taxes
2. Use the money to fund investment in skills and infrastructure to help industry
3. Join the customs union

[hungo]

Political and economic uncertainty has sparked concern amongst investors while investing the UK. Overregulation and crumbling infrastucture has stunted the UK's economic growth. Though Keir Starmer pledged to overhaul this nation, I reckon it will not be an overnight change as they are confronting intractable issues. Here in Fort Worth Texas, housing are usually 3.5 times the annual household income which is approximately 94k usd per year.

[davidcarr]

How about: Don't do neoliberalism and financial de-regulation, followed by bank bailouts, followed by austerity, and then Covid bailouts followed by austerity and wonder where the growth went and why inequality sky-rocketted ?

[peterdollins]

If the Tories won they'd continue to make everything worse with no reason to rethink their suicidal policies. So in this sense Labour will be better no matter what. Labour's policies make pragmatic sense so there is another improvement there. Beyond that the Tories have left the UK in such a ridiculous mess it will be a challenge for Labour or any Government. But Labour have much more talent & fresh ideas totally lacking in the Tories. So yes-yes-yes in so far as is possible.

[gazunkafonegazunkafone]

I absolutely hate the housing debate.
Ultimately if you want to solve it, you Have to ban buy to lets over 1 home, don’t allow non uk passport holders to own properties, ban lease holds. Then tax empty houses to the point they cost the owner to be empty, rather than seeing it as an investment. Just like most other countries in Europe🤷🏼‍♂️

[arranf]

Doesn't matter what policies they have, as long as they oppose democracy by opposing proportional representation, nobody should vote for either of the 2 main parties.

[holgernielsen-tiej]

Very realistic analysis. There really is no short term solutions, which will be considered acceptable. Taxes on the upper middle class would have to be increased, but that is also the group of voters who decide which party form the government. Giving low income families more spending room would increase growth, but that is an impossible policy to get the average voter to accept.

[jimthorne]

I doubt that things will be very much better come July 2029....

[CupOfSweetTea]

Government's don't move on things, possibly through fear. What happened to sugar tax? Subsidise the healthy and necessary infrastructure and tax the luxury and unhealthy to pay for it. Let's at least have a workforce fit for work and able to get there on public transport.