Comments by "Greg Greg" (@SlowhandGreg) on "Sasha Yanshin" channel.

He's not really you can see from the macroeconomic data how our post brexit decline is going as manufacturing slowly shuts down.
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This is so short term in your view You can see in the macroeconomic data the decline in uk manufacturing This goes back to 2016 when inward investment fell off a cliff follwed by the trade barriers of a hard brexit There is not a lot any government can do till those trade barriers are reversed
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The rise in public sector pay and the minimum wage will push wages up above inflation, the NI increases will push pay rises down on higher and middle earners A rise in wages that also accompanies a decrease in demand for cheap labour will reduce the pull factor on migration. The NI increase is the odd 1 out it doesn't make sense even if your short of cash for the NHS
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I can get a new or nearly new EV with > 200 mile range for less than 20,000 and save £2,000 a year on petrol due to cheap overnight tariffs Most people are at this stage just going to drive their current cars into the ground before switching
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We are on It's what is called an s curve with EV adoption, at the moment because there newish they are expensive but 40% of the price is battery Last year battery prices dropped by 20% It is estimated that in 5 years battery prices will halve and energy storage will double I costed a solar battery system around 3 years ago and payback was 15+ years had one installed this year and payback is < 6 years Things are moving very quickly at the minute
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Markets are never free there dictated to by various things including government policy but also the power of multi nationals to slow down the transition to energy Independence that moving to reneweable grid will bring
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I did a cost analysis I'd save £2,000 a year on petrol
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@tiborsipos1174 It's a 2 tier system I've just installed a solar battery system was having the roof done so had scaffolding up. It opens up cheap overnight tariffs, just by using the batteries to time-shift I can get electric at 13p all day instead of the 24p it cost me previously. The EV tariff is even better at 8p per kwh
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The economy is like an oil tanker takes ages to turn round, the brexit decline continues A recovering economy depends on small businesses, the small manufacturers are increasingly finding it harder to export and restrictions on services is slowing down the City.
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This is the brexit decline another round of regulation for 3rd countries came in with an overarching trade deal with South America. 20 miles away is a market we have effectively cut ourselves off from latest victims Port Talbot steel Luton car manufacturers
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It takes years to get to where we are this is the brexit decline Port talbot shut Luton going We have inexorable barriers for small businesses to trade 20 miles away what do you think would happen?
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I don't have an EV BUT Just to comment that battery prices fell by 20% last year There expected to halve in the next 5 years There also expected to double in capacity A battery typically makes up around 40% of a new EV's price. I would save £2000 a year on petrol by home charging given the Ultra low rate my provider gives me overnight I think a lot of people like me are hanging onto their old car till it drops to bits before changing to an EV, were on 100,000 miles and repair costs are starting to bite
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@skullfc4215 battery prices have fallen again ICE cars are dead I worked out I can save £2,000 a year on petrol by getting an ev
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@skullfc4215 You can still travel by penny farthing if you want ICE cars are becoming uneconomic very quickly
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@skullfc4215 I disagree, the EV is like the IPhone, we've had the gestation of the luxury end now with battery prices falling and economies of scale kicking in the take will be very rapid. There's always going to be specialist ice vehicles but we will reach 80% pretty quickly.
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Most economists have said the NI increase will have a negative effect but the businesses get full relief on capital investment now. In terms of investment will this jump start companies into improving productivity which has been sliding for over a decade and a half rather than relying on cheap labour a lot of which in the public sector is filled with migrant labour?
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@MnemonicCarrier Renewable energy was still cheaper then we just haven't bothered to invest in the grid
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@MnemonicCarrier I looked at all this back in 2020 when there was lots of noise in the trade papers when I think it was Dogger bank had a forward contract price on parity with Gas. North Sea is an ideal place as its at the confluence of multiple weather systems. There's parts of Scotland where the same turbine as down South will generate double the power. The input energy into renewable is free fossil is subject to extraction processing and transport costs x inflation.
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@MnemonicCarrier I had a home solar and batteries installed this year it will pay back capital costs in under 6 years. 3 years ago that would have been 15
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Economies take years to get to this state Reeve's main budget measures don't come into effect till April 2025 The bulk of this is brexit related why are you being so disengreneuos ?
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@Jimfrey-g1z that's completely incorrect The great post war boom was done on tax and spend The current malaise is the net result of 50 years of Thatcherism
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renewable energy is cheaper we have a load of spare capacity of always on energy as well because the system is designed for peak load at between 4-7pm If you have domestic batteries you can import at near half the price and use it during the day because it will open special tariffs with your supplier
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Just a point on green energy. I have a solar home battery system and diverter but I just want to focus on the batteries. 1st having batteries opens up cheap off peak tariffs If I just used my batteries to import at off peak and use them during the rest of the day I would pay 13p per kwh unlike the 24p I was paying prior to the install, based on capital cost the batteries would pay for themselves in 5 1/2 years. If I had an EV I can get an 8p overnight tariff. This would apply equally to our National GRID we have a lot of cheap always on capacity as the whole system is sized for usage from 4-7pm putting on a load of mass storage at grid level would pay back in a couple of years and vastly reduce bills.
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@SJ44-tu8ow They've had there pay suppressed for over a decade and a half, in real terms there not better off than in 2019 due to inflation I'd also like to point out that by suppressing pay the government kept it low by using the visa exception system to import on the cheap which is one of the reasons the migration numbers exploded. Suppressing pay in the public sector has a downward pressure on the private sector as well
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Tax cuts don't create enough growth to make up the shortfall in government revenue + along with the 50 billion in unfunded tax cuts was 70 billion in unfunded Energy support. As it was the government ended up borrowing 130 billion in 2023 and paying out 120 billion in interest
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