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Long Term Thinking

Just a thought really. I think Britons are pretty down on what is a pretty amazing country.

What do you think the long-term prospects are for the UK's economy. I'm thinking the next 25-50 years perhaps.

Where is Britain's Economy Headed, Long Term (25-50yrs) 46 votes

Down the pan.
21% 10 votes
Up, up and away
26% 12 votes
Roughly flat
52% 24 votes
«1

Comments

  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    edited 5 December 2013 at 10:23AM
    Generali wrote: »
    Just a thought really. I think Britons are pretty down on what is a pretty amazing country.

    What do you think the long-term prospects are for the UK's economy. I'm thinking the next 25-50 years perhaps.

    It won't be a UK economy.

    Vast tracts of it will be foreign owned, profits and any corporate taxation will be home based and the relentless clawing from Europe will undermine what is left.

    NB: what are your thoughts on the NZ economy. Newton Asian Income Fund manager seems to be "blaming" some uncertainty in the region on government policies and u turns
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Best get out now....

    UK is just about taxation now...

    The government has no money, the country is effectively broke, but the government is still going to keep spending stupidly and taxing us all to death....
  • michaels
    michaels Posts: 29,223 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Well in standard thinking the big issue is the aging population/dependency ratio.

    However 'singularity' type thinking may be needed especially towards the longer end. Why worry about working if you can simply jack into your PS10 and 'live' in whatever fantasy you choose whilst bio-engineering gives you the body of your choice and intelligent machines make all your choices for you?
    I think....
  • Road_Hog
    Road_Hog Posts: 2,749 Forumite
    1,000 Posts Combo Breaker
    edited 5 December 2013 at 10:55AM
    Generali wrote: »
    Just a thought really. I think Britons are pretty down on what is a pretty amazing country.

    What do you think the long-term prospects are for the UK's economy. I'm thinking the next 25-50 years perhaps.


    The country is down the shtter and sliding fast. The globalists are importing mass immigration, to cause wage deflation, we're about to get our next influx of Roma and Bulgarians. And jobs that can't be done by immigrants are being off-shored, I just can't wait until we have Mode 4 immigration.


    We have a massive national debt, that will never be paid off, because all the corporations are transfer pricing, so that they pay no tax. There is no point in voting, because the three major political parties all have the same agenda, plus it doesn't matter anyway, because the EU provides 80% of our legislation.


    Go to London and there is only a 45% white British population, the same minority for Luton and Slough. Birmingham, Leicester and a whole raft of other towns/cities are due to be white British ethnic minorities within a few years.


    Culturally and financially, we're completely and utterly farked. And it will only get worse.
  • Road_Hog wrote: »
    The country is down the sh*tter and sliding fast.

    Culturally and financially, we're completely and utterly f**ked. And it will only get worse.


    Immigration isn't always a bad thing, bring in people to do the dirty jobs you as a nation don't want to do.

    However, in the case of the UK. It’s been taken to a whole new level.

    The whole process is flawed and no-one in changer seems have a clue how to fix it.

    We are letting in flocks of people, then paying them benefits.

    It’s NOT the UK taxpayers responsibility to look after the people of other nations but that’s exactly what we are doing.

    As I said….get out FAST….if you can…UK is doomed….
  • Road_Hog
    Road_Hog Posts: 2,749 Forumite
    1,000 Posts Combo Breaker

    Immigration isn't always a bad thing, bring in people to do the dirty jobs you as a nation don't want to do.

    However, in the case of the UK. It’s been taken to a whole new level.

    The whole process is flawed and no-one in charge seems have a clue how to fix it.

    We are letting in flocks of people, then paying them benefits.

    It’s NOT the UK taxpayers responsibility to look after the people of other nations but that’s exactly what we are doing.

    As I said….get out FAST….if you can…UK is doomed….


    Small amounts of limited immigration, that is brought in at a time of high employment and a high demand for specific trades can be desirable. Mass unfettered immigration at a time of high unemployment over a prolonged period, is not.


    Under these conditions, people do not assimilate and the host culture changes, which essentially changes the fabric of the host country.


    The process isn't flawed, it is quite deliberate, it is planned by the NWO globalists.
  • First, list the 'ingredients' you think would make any nation/continent thrive over the next 50 years, and then score UK against them - compared to others.....

    Education - low and getting worse.
    Productivity - low and getting worse.
    Investment - middling, but getting worse.
    Current wealth - historically strong, but getting worse.
    Creativity - middling, but too slow and lethargic to capitalise.
    Flexibility/Adaptability - virtually non existent.
    Natural Resources - virtually nil.

    I cannot help but compare 200 years of UK economic history with a similar period of what used to be our "Landed Gentry". The National Trust is absolutely crammed with stately homes and vast land all over the country. Lovingly manicured, and visited by many. Other such estates are now making a crust as safari parks or theme parks..... but the decline was inevitable for the simple reasons:
    • Complacency. [We're rich. Don't need to work]
    • Education. [Pay to send the lad to Eton because he's too thick to get in on merit. Learn enough social skills to talk posh, but no financial skills]
    • Investment. Let's defer the painting until next year. Never mind the woodworm and dry rot. Save money...
    • Greed. Don't need to do anything. Selling a bit of silver and a few paintings will see me and Lady Marjorie out....
    • Baggage. 53 acres of deer park and 12 acres of grouse woods was fine when we could afford it. Those 12 gardeners, 3 gamekeepers, and the servants are 'killing' us with cost.....
    • Want it now. Little Earl Bullingdon is now an orphan at 30 with £3million in the coffers after tax. Get a job? Invest the interest on doing up the estate? Or sell up, swell the bank account, and buy that yacht in Nice?......
    An intriguing similarity between the UK economy and the euqivalent generations of 'Lord Muck'. We built up our wealth to huge levels. We lived well. We built up huge baggage believing we could afford it forever. We find we can't. We don't drop the baggage because it's far too cosy. No alternative but a slow attrition.... still got a bit of silver to sell....
  • New_and_Improved_Me
    New_and_Improved_Me Posts: 209 Forumite
    edited 5 December 2013 at 12:52PM
    The two biggest issue in the UK in my opinion are;-

    Welfare - the culture of handing out money to anyone who cries poverty.
    There are some that NEED support and there are others that I would not give a penny to, but there seem to be a process that is incapable of distinguishing between the two. FAR too many people in the UK see ‘Welfare as a lifestyle’, where they make/get more money by NOT working then they would by working.

    Taxes – this culture of taxing taxing taxing….is becoming a joke….There is direct taxation and there is INDIRECT taxation….all in all, for every pound you make 80p+ is given to TAX in one form or another…

    EDIT:- Id even go as far as saying people on welfare should NOT be allowed to have kids. Harsh as it sounds, it needs to happen.
  • ......
    Welfare - the culture of handing out money to anyone who cries poverty....

    The 'crime' is to allow all these charities and quangos to define 'poverty' in such a stupid way. Something like the bottom 40% of earners.....

    i.e. No reflection whatsoever of whether you're paying £200 rent in Hull, or £800 rent in London. No reflection on whether you have a a £500K property inheritance, which is why you only work part time. A rich old pensioner like myself technically being in "Fuel Poverty" primarily because of heating the pool.....


    These definitions pre-determine 40% poverty for infinity. How ludicrous is that? And yet the 40.1% earner (over the last 5 years) is legitimately (say) 10% poorer and yet is not in the same poverty.....

    The proportion of people who fall into "real" poverty as a result of pure chance/accident is not especially high. There's a problem in defining it but obviously very few resent tax payers picking up the tab. For the rest, however, the so-called poverty is largely self-imposed - but since their 'tab' is equally picked up by the tax payer, what incentive do they have to avoid those mistakes - or even educate their kids in how to avoid them?

    I've said it before, and I'll say it again... if we subsidise idleness and poverty, we will continue to get more of it. If the last 20 years hasn't proven that in trumps, I am [to quote Ian Hislop] a banana.
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    Generali wrote: »
    Just a thought really. I think Britons are pretty down on what is a pretty amazing country.

    What do you think the long-term prospects are for the UK's economy. I'm thinking the next 25-50 years perhaps.

    It all depends on the energy problem, but it does look like the world is entering into the early stages of a golden age. My sense is that Britain is on the edge of a new industrial revolution.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
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