RE: Farage Fury29 Jul 2023 14:08
â The total value of state-pension liabilities for doctors, nurses, policemen, soldiers and the rest â all entirely unfunded and paid out of current spending â is now estimated to be in excess of our annual GDP and growing. That does not include the bill for the state-retirement pension which is guaranteed under the Tory governmentâs unbelievably generous âtriple lock.â It is pretty much impossible that Gen-Z will have such generous pensions when they come to retire as the state will long since have gone bankrupt.
The Blair-Brown governments (1997-2010), then followed by the Coalition government (2010-15), refused to ramp up Britainâs nuclear-power production capacity with the result that we now face grave energy insecurity. Successive governments have failed to support our agricultural sector with the result that we now face food insecurity too. Comparison with our better-managed near neighbour, France, could not be starker.
Most depressingly of all, there is very little prospect that things are likely to get better in the foreseeable future. The Labour government that will probably come to power in the fourth quarter of next year will borrow more and tax more while tying us up with more fatuous climate targets and making it easier for unions to call their members out on strike. Scotland and Wales are likely to remain in thrall to monocultural political parties which strike progressive poses without taking responsibility for what they cost.
All this makes it difficult to persuade investors â even British ones â to invest in Britain.
A country with low productivity, negligible growth, persistently declining living standards, out-of-control immigration, a poor-quality national conversation, declining health and weak national governance will, at a certain point, reach a crisis point.
That will not be pleasant.â
https://masterinvestor.co.uk/economics/who-wants-to-invest-in-the-uk/?mc_cid=5b5830da0b&mc_eid=418bda054f
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