Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "" video.

  1. I think you are looking down the wrong end of the telescope. I suggest that you actually research the deficits the UK has had since WW2 to the present. Our current deficit is 50% lower than our deficit in the postwar era. And the decision to bail out the banks made by almost every country, was a result of the biggest banks in the global financial system being American. The global financial system is no longer fragmented behind national borders. It is deeply and widely interconnected, so the UK's relationship with American banks meant the UK banks had to be bailed out. (But it should not have been a handout. It should have been loans IMO). Anyway, yes, the GFC increased our deficit, but deficits are private sector savings, as it is the private sector that buys UK Gilts. So, the only problem is with that Covid/Brexit entailed more spending, and how that was done was questionable. The loss of Brexit was £800m just in customs revenues every 3 months, plus the loss of economic output from the Small Business sector, which accounts for 99% of businesses in the UK. Brexit was a huge mistake, and it still is, as it is a drag on the UK economy and reducing tax revenues still today. It is an error to see everything through the eyes of big donors, when they are not the backbone of your economy. And there's little hope for an economy where small businesses are the backbone of your economy, but are being neglected.
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  2. Wage inflation isn't a factor when: the Labour Share of GDP has been shrinking in real terms for decades, amounting to real wage growth being stagnant. And Brexit/Covid has damaged the largest sector in the UK which is Small Businesses, which account for 99% of UK businesses. Rather, paying attention to large donors has eroded economic activity on the UK, and the know on effect is that traumas like Brexit lose us jobs. And as we have an ageing workforce/ population, people tend to retire and go to part time employment, if they work at all. It's the Unforseen Consequences of Bad Economic Ideology, dreamt up by people who are cut off from the real lives people lead. Working people using food banks is ridiculously stupid, especially as current policies are doing nothing to address this folly.
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