Does anyone remember when the UK had an economy worth investing in?

Linton

1953 :
70% of all households were in rented accommodation.  School leaving age 15.  Only 3.5% of all children were able to get universitry education. More than 500,000 men employed in the mines.

TBC15

Linton said:

1953 :
70% of all households were in rented accommodation.  School leaving age 15.  Only 3.5% of all children were able to get universitry education. More than 500,000 men employed in the mines.

And still a year of rationing to go.

eskbanker

Linton said:

1953 :
70% of all households were in rented accommodation.  School leaving age 15.  Only 3.5% of all children were able to get universitry education. More than 500,000 men employed in the mines.

GC: House? You were lucky to have a HOUSE! We used to live in one room, all hundred and twenty-six of us, no furniture. Half the floor was missing; we were all huddled together in one corner for fear of FALLING!
TJ: You were lucky to have a ROOM! *We* used to have to live in a corridor!
MP: Ohhhh we used to DREAM of livin' in a corridor! Woulda' been a palace to us. We used to live in an old water tank on a rubbish tip. We got woken up every morning by having a load of rotting fish dumped all over us! House!? Hmph.
EI: Well when I say 'house' it was only a hole in the ground covered by a piece of tarpolin, but it was a house to US.
GC: We were evicted from *our* hole in the ground; we had to go and live in a lake!
TJ: You were lucky to have a LAKE! There were a hundred and sixty of us living in a small shoebox in the middle of the road.
MP: Cardboard box?
TJ: Aye.
MP: You were lucky. We lived for three months in a brown paper bag in a septic tank. We used to have to get up at six o'clock in the morning, clean the bag, eat a crust of stale bread, go to work down mill for fourteen hours a day week in-week out. When we got home, our Dad would thrash us to sleep with his belt!
GC: Luxury. We used to have to get out of the lake at three o'clock in the morning, clean the lake, eat a handful of hot gravel, go to work at the mill every day for tuppence a month, come home, and Dad would beat us around the head and neck with a broken bottle, if we were LUCKY!
TJ: Well we had it tough. We used to have to get up out of the shoebox at twelve o'clock at night, and LICK the road clean with our tongues. We had half a handful of freezing cold gravel, worked twenty-four hours a day at the mill for fourpence every six years, and when we got home, our Dad would slice us in two with a bread knife.
EI: Right. I had to get up in the morning at ten o'clock at night, half an hour before I went to bed, (pause for laughter), drink a cup of sulphuric acid, work twenty-nine hours a day down mill, and pay mill owner for permission to come to work, and when we got home, our Dad and our mother would kill us, and dance about on our graves singing 'Hallelujah.'
MP: But you try and tell the young people today that... and they won't believe ya'.
ALL: Nope, nope..

bowlhead99

eskbanker said:

Linton said:

1953 :
70% of all households were in rented accommodation.  School leaving age 15.  Only 3.5% of all children were able to get universitry education. More than 500,000 men employed in the mines.

MP: But you try and tell the young people today that... and they won't believe ya'.

Ah, the Four Yorkshiremen of the Apocalypse. Wouldn't catch them logging onto some fancypants fintech app to invest their ISAs into an S&P500 ETF.

barnstar2077

When we were kids we didn't have a stove or central heating.  When it was cold we all used to huddle round a candle, and when it was really, really cold we used to light it!

Michael121

If we can all agree on one thing it has to be that music was way better back in the day and im a youngster.

Blue_Sky

CreditCardChris said:

eskbanker said:

Yay, just what this board needed, yet another tedious rehash of all the previous threads about this poster's tiresome obsession with their perception of the UK's economy/market relative to other countries....

As a Brit I was my country to succeed on the economic stage. I want us to start creating "microsofts, amazons, apples, teslas, amds, nvidas, visas, mastercards, paypals (the list is endless) size companies.

When you look at our population size and land area I think we have done fairly well.  Every country with a bigger GDP than ours has a bigger land mass and a bigger population, some of them very much bigger.  Take a look at a list of wealthiest countries and population size.  I would be much more concerned if I was say Russian, how can a country with that size population and land mass with all their natural resources be poorer than little old UK.

dunstonh

CreditCardChris said:

Just had a quick peak at the FTSE 100 performance in relation to the SPX performance. 


I wonder how long before the UK becomes a second world economy, the likes of Bulgaria, Poland, Romania etc come to mind. The UK leaving the EU could actually end of being one of the best decisions for the EU as we have the real chance of ending up a "burden state", where we take more than we contribute so us leaving will probably be a godsend for Europe come 20 years time.

Imagine still claiming to be one of the best economies in the world when it's propped up on dinosaur companies that dominate sectors and have not innovated at all in the last 50 years. Perhaps if Prime Ministers and MPs were not so concerned with lining their own pockets they'd make our lack of economic growth a national emergency and do something about it.
 

The FTSE100 has been a dire performer for 25+ years.  One of the worst there is.   This is in part due to its dividend bias which does harm the UK economy.   However, for investors, the mid and small caps are where the value is for the UK.
The UK economy is not reflected in the FTSE100.
You have been told this in multiple threads before but it doesn't appear to have sunk in yet.

Bravepants

CreditCardChris said:

eskbanker said:

CreditCardChris said:

eskbanker said:

Yay, just what this board needed, yet another tedious rehash of all the previous threads about this poster's tiresome obsession with their perception of the UK's economy/market relative to other countries....

As a Brit I was my country to succeed on the economic stage. I want us to start creating "microsofts, amazons, apples, teslas, amds, nvidas, visas, mastercards, paypals (the list is endless) size companies.

....which was the subject of the most recent of the previous threads linked above.  Do you think that repeatedly airing the same grievance is useful?

If I stop making threads highlighting the tragedy that is the UK economy, the boomers will think they've silenced me and have won. Like Linton who literally just said the UK has a world class economy with industry, manufacturing and development... Seriously what is he smoking? 

I don't think I own a single item in my home which was made in the UK, every piece of hardware in my computer isn't UK created, every single website (except this UK circle jerk of a site) I visit isn't a British one. Does the UK even have a website that serves a global community? (Youtube, Facebook, Instagram, Reddit, Twitch, Linkedin, Twitter, Google) again the list is endless. 

God I'm actually getting a headache trying to think of a global british company created in the last 20 years... 

https://chordelectronics.co.uk/distributors/

CreditCardChris

Blue_Sky said:

CreditCardChris said:

eskbanker said:

Yay, just what this board needed, yet another tedious rehash of all the previous threads about this poster's tiresome obsession with their perception of the UK's economy/market relative to other countries....

As a Brit I was my country to succeed on the economic stage. I want us to start creating "microsofts, amazons, apples, teslas, amds, nvidas, visas, mastercards, paypals (the list is endless) size companies.

When you look at our population size and land area I think we have done fairly well.  Every country with a bigger GDP than ours has a bigger land mass and a bigger population, some of them very much bigger.  Take a look at a list of wealthiest countries and population size.  I would be much more concerned if I was say Russian, how can a country with that size population and land mass with all their natural resources be poorer than little old UK.

We went from a landmass 3.4x the size of America, the largest companies in the world, the strongest currency in the world, the strongest military in the world and the world was falling over themselves to do business here. 

Now look at us, reduced to an island the size Oregon, no tech companies worth mentioning, hardly any innovation or desire to push boundaries in sight, we haven't created a global company in 30 years, our currency has lost 50% of its value against the euro and usd, our military is the weakest in forever and the icing on the cake is nobody wants to come near us with their investment money... Unless they're buying property, which just makes life harder for us citizens.

Tell me again how we're doing fairly well.