Comments by "Greg Greg" (@SlowhandGreg) on "EVERYTHING in the UK economy is going wrong at the same time | Economics | New Statesman" video.

The IMF put out a paper on wealth tax last September, the media is mostly right wing owned and we don't tend to get an full and Frank discussion on economics
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@annapachaclarke2392 So what your saying is removing 1 million workers from the economy erecting trade barriers with our closest trading partners cutting off export expansion for hundreds of thousands of SME's and cratering investment since 2016 has no economic effect? Anyway whatever Watch this from the Financial Times why do you think the Markets went Ape when Truss's budget landed? "The Brexit effect: how leaving the EU hit the UK | FT Film"
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They need to put up rates to attract buyers for government Gilts we have debts of over 2.7 trillion to service The Conservatives run a supply side economy and won't address strategic thinking even to something as simple as a gas storage facility in case of hard times or domestic food production to prevent food shock. We need to Subsidie farmers away from fertiliser farming Build more wind Turbines and insulate more homes
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57% of US inflation is Corporate as in price gauging We have Supply Side Corporate Inflation on inelastic commodities such as energy and food You can lower inflation simply by addressing these 2 areas for energy try reduce demand by better insulation and modernising heating plus the quickest and cheapest way would also be build more wind Turbines Have an agricultural deal with the eu to reduce delays remove vet and other paperwork costs from the spiralling food costs. Plus reform uk farming away from its reliance on fertilizers
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@nickbuckle646 back in 2019 onshore wind generation reached parity with gas generation at 38p per gigawatt hour since then generation from gas has gone literally through the roof, currently you can crack hydrogen from water at 1/3 efficiency using spare electricity and there are huge advancements in the pipeline. There are also multiple ways of storing spare energy as heat Finland for example are developing a sand battery which is basically a thermos flask the size of a large grain silo. Scotland is already 93% renewable but tied to grid prices in the UK based on gas this is why labour are proposing GBEnergy the UK is unique in its topography for wind and tidal generation the cost of Cameron getting rid of the so called green crap runs into well over 100 billion
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@Vroomfondle1066 Gilts come to term all the time if your debt levels are such that your just replacing them then it's at the new rate so it's not just for new debt Your comment on money supply would be valid if we had normal inflation but the bulk is Corporate Supply Side on inelastic commodities (essential food and energy) in this case restricting money supply will have little effect we also have a Brexit multiplier as a trading nation everything we import and export to from the EU is more expensive. We also had over 1 million workers leave the UK over Brexit resulting in acute labour shortages ex- Pork production lack of abattoir workers meant pigs culled and the carcasses burnt lack of vets and additional paperwork and trade barriers has seen a collapse in exports driving up domestic prices Restricting the money supply isn't going to resolve domestic food production which is going to continue to spiral down requiring further imports to cover the ever increasing shortfall
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Try GarysEconomics channel
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The Root cause of our current inflation is connected to energy policy Brexit is just the shtshw that pours petrol on any economic problems we have and makes them way worse Here's a fun fact historically coming out of recession is driven 60% by SME'S and exports small businesses trade locally its known as trade gravity and weve erected trade barriers with a 400 million person market 20 miles away. Corporate investment has dropped right off since 2016 basically this isn't a 5 quarter recession its going to be permanent as we spiral into a doom loop
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@TheEmbrio it's in the UK and EU interest to have an agri deal it's in Labour's proposals which means harmonisation of standards The reason it will happen as soon as labour come to power is Northern Ireland an Agr deal removes 95% of NI border checks
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