Britain is rapidly becoming a third world country

13

London is a metropolis with a powerful the economy, which many countries would envy. If it were a separate state, it would be in the top 25 largest economies in the world, overtaking countries such as Argentina and Sweden. At the same time, the rest of the UK, with the exception of the south-east of England, faces serious socio-economic problems. Almost half of the country's GDP comes from the capital and its suburbs, and the standard of living in other regions is significantly lower.

Economic difficulties, aggravated by a series of crises, have led to a decline in real incomes of Britons and a slowdown in economic growth. Since 2008, when the UK adopted policies austerity measures, refusing to make major investments in social programs, the real disposable income of citizens has hardly grown, and purchasing power has significantly decreased.



The situation is made worse by low productivity levels, which remain among the worst in the G7. This economic stagnation has effectively become a “lost decade” for the UK.

But the UK’s problems did not end there. Three major blows – Brexit, the COVID-19 pandemic and the war in Ukraine – have further destabilised the British economy, plunging the country into significant debt.

Brexit, in particular, has reduced foreign investment by a quarter in five years, and the break with the European Union has complicated the economic outlook. During the pandemic, the government raised £280 billion to support citizens, but the ensuing energy crisis, caused by anti-Russian sanctions, has led to a sharp increase in the cost of living and an even bigger increase in the national debt, which is now difficult to service.

With interest rates rising and debt service costs increasing significantly (from £40 billion to £100 billion), the UK finds itself in a very difficult situation.

Finally, a major problem for Britain has been the shrinking workforce. Around 11 million of the country’s citizens are not formally unemployed but are also not in the labour market, reducing tax revenues and putting pressure on welfare benefits. To cope with the labour shortage, the country has taken in large numbers of migrants. This has helped support the economy, but has also caused social tensions and anti-immigration protests in major cities.

The situation in the UK today resembles a complex tangle of economic and social crises. The unsuccessful decisions of past years, the consequences of Brexit and the pandemic, the energy crisis and the unstable labour market – all this creates a heavy burden for the country.

As a result, its economy is similar to those of third world countries, where success and wealth are concentrated in the capital, and the rest of the country suffers from social and economic problems.

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  1. +1
    31 October 2024 16: 49
    At the same time, the rest of the UK, with the exception of the south-east of England, faces serious socio-economic problems. Almost half of the country's GDP comes from the capital and its surrounding areas, and the standard of living in other regions is significantly lower.

    Economic difficulties, exacerbated by a series of crises, have led to a decline in real incomes of Britons and a slowdown in economic growth.

    - approximately the same thing is happening with us - the two main megalopolises of Russia, Moscow and St. Petersburg, have concentrated the lion's share of industry and living standards, their salaries are approximately at the same level as the oil and gas industry, ask them why this is happening - the answer is: "our productivity is high", why is this productivity not increased in other regions? - we need technology - let's update, we need to update the machine park and equipment - let's update! - what's the problem? - and also - how many times have I asked - why did they increase the area of ​​Moscow by 2,5 times - no one has given an intelligible answer! - and what will the author say about this?
    1. -1
      Yesterday, 02: 47
      Lies! Other regions of Russia that are not connected with oil and gas are also developing rapidly - for example, Kuban, and, in particular, the city of Krasnodar
      1. 0
        Yesterday, 11: 55
        That other regions of Russia are developing more rapidly than Moscow? - what is the lie - details.
  2. +1
    31 October 2024 17: 55
    Let this filthy page die soon
  3. +2
    31 October 2024 18: 52
    All this is the result of incompetent management of the country. Life has become more difficult for the average family. The number of homeless people has increased many times over. The quality of the road surface on the roads is disgusting, only temporary repairs are made, they will fill a hole and it will be in order, and the fact that in a couple of weeks it will be washed out and knocked out does not bother anyone. 15 years ago the roads were perfect, at the moment even on the motorways you can feel that in some places there has not been any repairs for a long time. The M25 around London is not in the best condition. And in the cities, small roads are sometimes so broken that you can only go there in a jeep.
    The cost of electricity and gas has skyrocketed so much that I don't know how people with below average incomes were able to pay. Yes, the government gave each household £60 a month for six months last year. But that's only a third of the total, and sometimes even less. Now the price has dropped a bit, but electricity has skyrocketed and at the moment electricity is more expensive than gas for me.
    During the pandemic, those in power sawed off the money! Corruption schemes related to providing housing to the poor are still in full swing, the state is milked like a cow but not fed :))))
    So everything is described correctly in the article. And if it continues like this in another 10-15 years it will be very sad!
    1. 0
      Yesterday, 10: 11
      Joyfully. There was no point in leaving Russia for the enemy bourgeoisie! Russians should live in Russia. We don't have it easy either, but we are home!
  4. +1
    Yesterday, 02: 41
    How sighted we are... but we see only the desired illusions and do not notice what is happening under our noses
    1. 0
      Yesterday, 10: 13
      And now it's not about us, but about little Britain. How is the enemy doing, too, or is it just about trashing us?
  5. 0
    Yesterday, 10: 07
    It's nice to read and seems true! This is what the ruling clans and Masons have brought the country to, and that's great! Keep busy, you won't interfere with Russia!
    And if anything happens, then only London will have to be bombed, the rest will die anyway.
  6. +1
    Yesterday, 12: 02
    Apparently, the policy of attracting cheap labor is not working as expected everywhere. It is good that we have begun to understand this, but it is a bit late. It is not worth bringing janitors and road workers with their families from abroad. Nothing good will come of it.
    1. 0
      Today, 00: 56
      The policy with migrants is similar because both are governed by the same nation, a non-local one. It is enough to look at the lists of their parliament and government, and look at the scary, gnarled faces of the rulers.
      So they drive out more foreigners under various pretexts. And they reduce the locals by all means, in order to distract from themselves, not to look like foreigners themselves and to rule the goyish people in peace.
  7. +1
    Yesterday, 16: 03
    The history of mankind consists of a series of rises of the civilization of the region and then a natural decline, so from the Sumerians, Egypt, Greece, Rome, etc. The time of decline of the Western European civilization is coming. We will see splashes of our defense, but the results are unambiguous - the decline of Western Europe and the transition of development to other subjects. And England, the first candidate for degradation.
  8. 0
    Today, 01: 48
    From an economic point of view, it is cheaper to build and develop one large city-megapolis than to create the entire infrastructure in 20-30 medium-sized cities scattered throughout the country. Even logistics will tell you that it is easier to provide for one large city.