The UK's Decaying Economy: A Country Without Solutions?

But UK has the lowest engineering degree ratio of college graduates among major economies. Manufacturing competitiveness is hard to restore once lost. It takes lots of infrastructure, time, expertise, talents, etc. No country has succeeded in "re-industrialization" after post industrial economy. Even USA couldn't

As Mum used to say, "they know the price of everything and the value of nothing". Everything here in the UK is done as shoddily as possible, or not all! so as to extract the most possible profit.

The main problem in the UK is depression….its feels like a sick society… everyone depress to clinical level… young and old… 10 million today in a working age r economically inactive.. that they r not working neither looking for a job… one forth of working age population r on benefits… even more scary,, another 10 millions who actually working r suffer from depression, stress and anxiety and chronic pain which is likely due to mental problem… if these 10 millions left work, the UK would bankrupt.. today 23 millions receive social benefit… on average of 15 thousands pound per person..theres no economical module can support this… imagine if these 340 billion of pound spent on benefit would spend on investment, UK would be richer than any other nation… depression in the UK caused by multifactorial causes..weather,, ppl,, regulations and legislations,, social breakdown,, relationship breakdown and economy uncertainty… ppl and the government should work to sort out these issues… apart from the weather which ganna stay miserable forever

everything in britain is short-term whether they are political or economic decisions...

1. Need Cheap Energy 2. Need property investments that are reasonably profitable, but not excessively so

The German economic model only works if you get cheap gas from Russia. Now all their companies are moving to the US

There was a classic line from that Chernobyl miniseries a couple years back. That a lie told owes a debt to the truth and in time that debt is paid. There's something similar going on with economic policy in the UK and elsewhere. Since the end of the Cold war. There were certain assumptions made about the economy and what economic growth meant. There have been multiple opportunities to make course corrections or adjustments to that vision to make growth possible in a way that benefits the entire country. Instead, at every single decision point, leaders decided on the choices that enriched a small chosen few. As each missed opportunity stacks up, the UK is now at a point where changing course is going to be very very hard. The interest is coming due.

There are always solutions, just not quick solutions. The solutions are known. Ireland was poor 50 years ago; they did the right things and got rich. The British just need to get down to work, to do the things that attract investments. And consume less, and invest the savings into productive assets.

You didn't mention the UK's non-presence in tech which is a high growth industry and you didn't mention the public sector's lack of productivity as dragging productivity down.

😂😂😂, thought Rwanda refugees was their only problem, I hear about that daily, than their real problems affecting the country.

America is even sadder, most of our GDP doesn't even come from services but from consumption.

The place is an stinking dump. It’s not the island I was brought up in. The place is utterly infested .

The main problem is that the government and the House of Lords are stuck in the 1950s and Great Britain will only advance if the old government is swept away and a new modern system is built upon the old.

The future PM would say: "It's a simple yes or no question". We spent oil money on stupid wars and now pantry is empty. UK will not have funds to bail out overgrown banking sector in next GFC.

The UK/Britain is not a country it is a union of 4 countries England Scotland Wales northern Ireland

Relying on services as the main focus of Britain's economy is probably a risky strategy, since the coming AI revolution will probably wipe out many service jobs, in the same way that Amazon has already devastated high street retail outlets.

Your videos are so very well made and break down extremely complex matters into comprehensive language. Excellent food for the brain! Many thanks from Sao Paulo

Germans invest for the long term.. UK is short term and wants quick results. In addition you have a large section of the population that does not want to work/can't/ or it is not "worth it to them". Go to a developing country and see the people running from place to place,working and delivering. UK doesn't work like like and is not competitive. Sad really

They never mentioned massive low wage migrantion year after year after year

I live in the UK and it’s frustrating because I see the potential of my country and how it’s falling behind peer nations. I have 3 things I would focus on: 1 - reducing energy bills (a great way to start would be to get rid of the short sighted ban on onshore wind power that Cameron brought in, because onshore wind is by far the cheapest form of energy in the UK) 2 - I would create government backed venture capital funds that have the goal of supporting 1000 British based unicorns in the next 10 years (we need growth and startups are by far the best at that) 3 - a massive boost in expanding and modernisation in the rail network and a massive expansion in cycling infrastructure, these would have massive benefits in terms of the climate crisis and improved public health which would then boost productivity.