Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error

Does the UK currently have a growth plan?
Robin B
Posted: 16 July 2024 15:48:33(UTC)
#32

Joined: 01/04/2024(UTC)
Posts: 1,523

Thanks: 1519 times
Was thanked: 4639 time(s) in 1247 post(s)
This young chap is well worth a listen. More of a US focus but all the exact same issues.

WTF is wrong with the economy?
1 user thanked Robin B for this post.
Newbie on 16/07/2024(UTC)
royshaft
Posted: 16 July 2024 18:02:52(UTC)
#34

Joined: 24/05/2024(UTC)
Posts: 11

Thanks: 28 times
Was thanked: 14 time(s) in 6 post(s)
The question , " Does the U.K have a plan " is the wrong question , for you anyway .
The question should be , " Because the U.K and it's governments past and present have no plan , what is your plan " ?
If you're here , i can assume you already have a plan to survive and thrive .
It's the idiots that think that the government , and the country are somehow going to help them that think this question applies to them .
1 user thanked royshaft for this post.
ANDREW FOSTER on 16/07/2024(UTC)
Newbie
Posted: 16 July 2024 18:40:52(UTC)
#33

Joined: 31/01/2012(UTC)
Posts: 3,819

Thanks: 6014 times
Was thanked: 7032 time(s) in 2604 post(s)
Robin B;312212 wrote:
This young chap is well worth a listen. More of a US focus but all the exact same issues.

WTF is wrong with the economy?

Very good piece

If the real issue is the elites and the power hungry politicians, should we be trying to get rid of them or be jumping at the bones they throw at us in the form of things like immigration, inflation, tax, political parties etc.

There was a time when politicians were non-paid individuals willing to support their constituencies and country. Today a politician is someone who gathers huge salaries, perks, staff, retirement benefits and often represents a constituency which they maybe visit once a week but will not consider living there (yet we are quick to point out that an individual has no real interest in the country if they are not from the UK).

Take the contradiction of getting paid to sit in parliament with fully stocked food and beverages or sit in a cold village hall on a three legged stool listening to a lower class of person (excuse me) describing real life issues.

In the world of politics, the rich tories need the wealthy to help fund their campaigns whilst the labour need the working class to represent. The key is that both parties need their supporters to stay where they are for if their supporter actually succeed then the role of the politician is in jeopardy.

I always liken it to a lawyer, it does not matter if I win or lose, I just need people to represent. If I win then I get to share the joy, if I lose then I still get paid. So either way I myself win.

In all aspects of life we choose to cut out middle men to have more say or save costs, but in our way of life we will squabble for a political party to represent us and tell us how to live.
1 user thanked Newbie for this post.
Robin B on 16/07/2024(UTC)
Newbie
Posted: 16 July 2024 19:59:11(UTC)
#35

Joined: 31/01/2012(UTC)
Posts: 3,819

Thanks: 6014 times
Was thanked: 7032 time(s) in 2604 post(s)
For those with some time - this is also interesting

https://www.youtube.com/watch?v=wEQQEAaBMXw
Thrugelmir
Posted: 17 July 2024 14:05:25(UTC)
#30

Joined: 01/06/2012(UTC)
Posts: 5,331

Thanks: 3258 times
Was thanked: 7895 time(s) in 3270 post(s)
Robin B;312125 wrote:
The plan is managed decline.



If one ignores the hysteria in the mainstream press. The UK isn't the outlier it's been portrayed to be. Lack of comprehension of the bigger picture is the issue these days. Coupled with short termism when when making comparisons.
2 users thanked Thrugelmir for this post.
Jay P on 18/07/2024(UTC), Tim D on 20/07/2024(UTC)
Robin B
Posted: 18 July 2024 12:59:46(UTC)
#36

Joined: 01/04/2024(UTC)
Posts: 1,523

Thanks: 1519 times
Was thanked: 4639 time(s) in 1247 post(s)
The question is a bit meaningless.

Growth of what? If it is GDP then why do we care? It doesn't mean anything to real, ordinary people. It includes all sorts of rubbish that no normal person would consider to be productivity. Like paying benefits. GDP can rise whilst the average person gets poorer and experiences a lower quality of life than before.

As Andrew pointed out, they are using immigration to make this silly metric look better, and then it is easier for the government to borrow money, which they will use in a way that undermines real growth. None of this has anything to do with making the country, by which I mean the people who live here in particular, better off. In fact, the per capita wealth is declining.

So how can there be a plan for growth when the way in which governments think about growth is a total joke that is divorced from reality?

One way to get economic growth is to have plentiful and cheap energy - obviously. Our governments intervene to deliver the exact opposite.

Selling things to other countries to earn hard currency helps. But this requires cheap energy, lower taxes and competitive labour market with preferably skilled workers. Our governments make energy expensive, increase taxes, and hoover up vast quantities of labour into the public sector and what they import from abroad mostly seems to be low skill and needs to be subsidised.

The current house building plans... nobody seems to have asked who will build them all. We don't seem to have an abundance of experienced builders and tradesmen. And building materials are already expensive. So that will be an inflationary exercise, the houses will be expensive to build and probably poor quality. Plugging the skills gap with foreigners... guess what they will need to live in? And the proposed numbers of units won't even cover 4 years' worth of immigration. They also seem to think that the planning system will be streamlined but their proposals don't reduce the regulatory burdens other than to make it a bit easier to build in the green belt. The planning system will still be overburdened and slow. They've promised hundreds of more planning officers but they don't exist and new ones take years to train. And 300 only results in half a planner per council. So the house building dream seems half baked and misguided, plus, how does that help us earn money in the world?

No, there's no growth plan. They don't know what growth, or productivity, even is and they are doing the opposite of what's needed in most cases.
3 users thanked Robin B for this post.
Jay P on 18/07/2024(UTC), Nigel Harris on 18/07/2024(UTC), Captain Slugwash on 19/07/2024(UTC)
4 Pages«Previous page234
+ Reply to discussion

Markets

Other markets