Business
Nouriel Roubini on the Future of the UK’s Economy
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@jonb5493
February 1, 2024 at 7:56 am
It's funny that you have to drag out Nouriel Roubini to tell people what is obvious. But in particular, like Roubini, I have always been puzzled by the idiotic concept of "Singapore on the Thames", which was obviously concocted by ignoramuses who know nothing about Singapore! The only meaningful aspect to this nonsense is perhaps as an allusion to the old days of the British Empire, 200 odd years ago, when Singapore was "cad''s alley" and frauds and scams were rampant because there was no functioning legal system to discourage these.
@soleiljorje
February 1, 2024 at 7:56 am
if the european integration in the 70s would have been managed differently and not through neoliberal thatcher style policies britain would have been a more equal society and most likely we woudn't have had this perception that eu is not working for the brits. some of the worse policy decisions of the last decades in the uk were taken in london not bruxelles.
@d.a.t.7723
February 1, 2024 at 7:56 am
England is London…the rest is just landscape
@sachin2842
February 1, 2024 at 7:56 am
leave england while you still can y'all..
@importedmusic
February 1, 2024 at 7:56 am
Import third world, become third world.
@gb1984yt
February 1, 2024 at 7:56 am
Brexit this or that,all we've ever done is export jobs to EU and import people to compete for whatever is left.
@2much805
February 1, 2024 at 7:56 am
Simple solution to the problem make it affordable and create more problem solved
@joangrant5248
February 1, 2024 at 7:56 am
Sadly Mr Roubini is talking rubbish. We’re fine.
@simonclarke4729
February 1, 2024 at 7:56 am
The problem for the UK is that besides the London financial market, there's nothing else going on. This is why people voted for Brexit. You can harp on about the markets and growth all you like. But outside of London there has been hardly any growth in years.
@photoman3579
February 1, 2024 at 7:56 am
£ is way up, FTSE way up, so we will get through it all !!
@photoman3579
February 1, 2024 at 7:56 am
This was always going to happen….but we will recover……Brexit is the best thing we have done since the war…but we have to get through the negative years of the EU treachery and USA attitude !!
@adisdebeljak7370
February 1, 2024 at 7:56 am
A diverse portfolio spread across stocks, i-bonds and dividend stock funds is generally my ideal investment to beat inflation for the average investor it provides greater long term returns. it has worked out best for me in achieving a 7 figure on my portfolio also with the help of a FA handling my portfolio. smart investing is key.
@billybunter5575
February 1, 2024 at 7:56 am
the uk has trillions of pounds in reserve do you know why because the private sector and sharholders that have been dominating the working class lives are not interested in helping the economy but instead line there pockets on the suffering of the poor labour was not the best of governments but under a nationalised government there would be fairness thats why the tories dont want labour to win .
@eugenewade7171
February 1, 2024 at 7:56 am
The unadulterated disaster of Brexit cannot be hidden anymore (despite what journalists, the government, and the BBC are telling you). And this is for the long run. Sorry but disastrous decisions bear disastrous consequences.
@justjacqueline2004
February 1, 2024 at 7:56 am
Guy really hates us plebs.
@rosshilton
February 1, 2024 at 7:56 am
All those doomsayers talking about Brexit take note:
1. Gross domestic product (GDP) per capita is a financial metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a nation by its population.
1. GDP per Capita in European Union is expected to reach 32900.00 USD by the end of 2022, according to Trading Economics global macro models and analysts expectations.
2. The European Union gdp per capita for 2021 was $38,234,
3. That’s a fall of 14%
4. UK GDP per capita last year was 47,334.36 USD (2021)
5. GDP per Capita in the United Kingdom is expected to reach 41900.00 USD by the end of 2022
6. That’s a fall of 11. 48%
7. So, EU GDP per capita fell by 2.5% MORE than the UK did…….
8. The GDP per capita of France in 2021 was 43,518.54 USD (2021)
9. That is USD 3,812 LESS than the UK or about 8% less GDP per capita than the UK had in 2021.
10. The UK had a 2021 population of 67.33 million (2021). France had a population of 67.5 million (2021). Almost the same population but 8 % less -so you can’t claim population factors. France simply produced less economy per person
11. In the six years 2015 to 2021 French and Germany productivity fell by 18%, from USD80 per hour to around USD 65 per hour (Germany fell from USD 80.6 to USD 64.4, France fell from USD 80.1 to USD 66.3 productivity per hour.
12. The UK FELL LESS – by 11%, from USD 67.7 to USD 58.1 productivity per hour.
And then we can look at wealth:
1. Mean wealth per person across those 440 million people in the EU is not constant. Most are at Developing Nation status – meaning the EU is a de facto empire run by Germany and France.
2. The UK accounted for 17% of the Average Mean Wealth of the EU pre Brexit.
3. The UK had a total mean wealth of US$14,341,029,241,000.00 at the time of Brexit.
4. The UK had the third highest Total Mean Wealth in the EU when it was a member.
5. Only Germany and France had a larger TMW, and France is only 3% higher than the UK
6. The UK had a Total Mean Wealth that is equal to the sum of the bottom 21 EU nations
7. The UK population has the equivalent to the TMW of 133 million EU citizens.
8. The UK has the second largest Median Wealth in the EU, behind France.
9. The UK has a Total Median Wealth that is equal to the sum of the bottom 22 EU nations.
Based upon the above leaving the UK would have to have harmed the EU MUCH more than it harmed the EU.
@brianlinke1856
February 1, 2024 at 7:56 am
Brexit has erected trade barriers for UK businesses and foreign companies that used Britain as a European base. Why would a country leave one of the planet's premium free trade zones?
@shaw99livecouk
February 1, 2024 at 7:56 am
Brevit didn't happen.
It has been undermined all the way along by entrenched interests in banking civil service and parliament
@lijie2511
February 1, 2024 at 7:56 am
You need to reduce regulation, doesn’t mean you don’t need regulation at all.
I would stay away from this speaker’s stock.
@thaumaturgeishere331
February 1, 2024 at 7:56 am
I love this guy's accurate summary of the UK's current economic disaster.
@BabsW
February 1, 2024 at 7:56 am
Damn, I might have to stay in the US for a bit longer than I want. I miss London.
@moshudoduwade219
February 1, 2024 at 7:56 am
Next year this man should be on question time.
@Dave_Br
February 1, 2024 at 7:56 am
the "Brexit phenomenon" was caused by Angela Merkel allowing in the same year 1.5 million people to pour into Germany and therefore move anywhere in the EU from Africa and the Middle East.
@kiprock2383
February 1, 2024 at 7:56 am
You reap what you sow?