Is the UK. economy going to crash

[Rio Cana]

While surfing the internet found this documentary titled "The End of the British Empire Full Documentary". It is very informative. I did not know the UK's economic situation was this bad.They even make a comparison with Argentina. It also seems many from the UK. have no idea about all this. The main theme of the documentary is the high debt the UK. has incurred over the years with no sign of stopping. At this point they say they cannot pay it back.
Really recommend this video - https://www.youtube.com/watch?v=4Z8OZ8xDQ0g

So will the solution be going back to 90% taxes in the UK. with cut in most services. I think that is what is in stall for the UK in order to try to bring down that debt. Also, most likely money from China which has been investing in the UK. So what do you think.

[Major-Tom]

Yes, and it'll be caused by an unholy alliance of Nigel Farage and Alex Salmond wreaking havoc in the streets of London as they ride war horses dressed in Guy Fawkes masks.

[Kravanica]

Nope.

[Kravanica]

Yes, and it'll be caused by an unholy alliance of Nigel Farage and Alex Salmond wreaking havoc in the streets of London as they ride war horses dressed in Guy Fawkes masks.

[Tmutarakhan]

Chicken Little prognostications have been part of the background noise forever.

[Major-Tom]

Yes, and it'll be caused by an unholy alliance of Nigel Farage and Alex Salmond wreaking havoc in the streets of London as they ride war horses dressed in Guy Fawkes masks.

Haha, I've seen that one.

[Filimons]

Yes, and it'll be caused by an unholy alliance of Nigel Farage and Alex Salmond wreaking havoc in the streets of London as they ride war horses dressed in Guy Fawkes masks.

I have insider information that confirms this, my fair lady.

[The Serbian Empire]

If it happens, I blame Farage, Putin, and Trump. The trifecta of populism.

[Kravanica]

If it happens, I blame Farage, Putin, and Trump. The trifecta of populism.

Farage is glorious. Leave him out of this.

[The Serbian Empire]

If it happens, I blame Farage, Putin, and Trump. The trifecta of populism.

Farage is glorious. Leave him out of this.

His rhetoric will impale the UK economy.

[Valaran]

No, the situation is far more complex than this.

That being said, a completely acrimonious and unmitigated 'Hard Brexit' might achieve this.

If it happens, I blame Farage, Putin, and Trump. The trifecta of populism.

Only one of those really deserves any blame for this, and his influence in events was largely due to the presence of other, more important factors (which deserve far more attention). It is very easy to simply say that we are in this situation due to the actions of a couple of stupid men, but this does nothing to solve the root causes of why they got as far as they did.

So will the solution be going back to 90% taxes in the UK. with cut in most services. I think that is what is in stall for the UK in order to try to bring down that debt.

lol no

[Kravanica]

Farage is glorious. Leave him out of this.

His rhetoric will impale the UK economy.

People have been making predictions for years that he is going to destroy the UK economy. It still has not happened yet.

[Lydenburg]

Rio, if every economy crashed due to high debt the US would've collapsed a long time ago.

Debt alone doesn't signal economic meltdown.

[Rio Cana]

In that video, they talked about the UK. nationalizing private pensions if and when the economy started crashing.

Found out that the government of El Salvador, which is compared to a mini-Venezuela but without oil, is bust. So they were going after the private pension plans just like the video said the UK. would do in an economic meltdown. Argentina did the same thing in 2008.

Story from April 2016 - http://www.wsj.com/articles/el-salvador ... 1461531194

[Genivaria]

The inappropriately placed period in the title makes me twitch.
But possible yes.

[Vassenor]

If it happens, I blame Farage, Putin, and Trump. The trifecta of populism.

Farage is glorious. Leave him out of this.

Hateful pile of human garbage who threw the entire country off a cliff to satisfy his racist bollocks.

[AiliailiA]

While surfing the internet found this documentary titled "The End of the British Empire Full Documentary". It is very informative. I did not know the UK's economic situation was this bad.They even make a comparison with Argentina. It also seems many from the UK. have no idea about all this. The main theme of the documentary is the high debt the UK. has incurred over the years with no sign of stopping. At this point they say they cannot pay it back.

Argentina seems to have quite low public debt, 49%, though it peaked much higher in 2002. So it seems a strange comparison.

Perhaps they're talking about foreign debt, not just debt? The UK (its banks, not government) holds a lot of foreign debt.

Really recommend this video - https://www.youtube.com/watch?v=4Z8OZ8xDQ0g

That documentary (or editorial or whatever it is) was from June 2015. Before Brexit.

No, the situation is far more complex than this.

That being said, a completely acrimonious and unmitigated 'Hard Brexit' might achieve this.

Yeah

[AiliailiA]

Really recommend this video - https://www.youtube.com/watch?v=4Z8OZ8xDQ0g

4 minutes in, after talking about "Cameron running up more debt than all previous governments combined" the narrator starts speaking of total debt (government plus private sector) without making the distinction.

I'm done with this scaremongering crap. Well at least it didn't waste too much of my time ...

[Minoa]

I am increasingly sick and tired of the scaremongering on the Internet. We do not know what the formal proposals are yet, but the reason I am due to leave the UK forever is unrelated to the economy alone, but because of the rise in hate crimes, now empowered by the recent decision to leave the EU (and I’ve rarely gone out since then), and despite best efforts.

[Nubasia]

Farage is glorious. Leave him out of this.

Hateful pile of human garbage who threw the entire country off a cliff to satisfy his racist bollocks.

Leaving the EU is racist?

[Dushan]

I do believe the United Kingdom's economy might see sort of a crash. A bloodbath. That completly purges the Nation up and down, but I do believe that through those hardships combined with other things, Britain might finally find back to it's true self which had been lost in the past decades.

Theresa May gives reason to hope so far. I furthermore hope there will be a cordial agreement between the remaining EU and the UK regarding important matters.

[Mahakala]

Hateful pile of human garbage who threw the entire country off a cliff to satisfy his racist bollocks.

Leaving the EU is racist?

Anything that conflicts the narrative of a liberal is racist, friendo.

[Minoa]

Leaving the EU is racist?

I felt that the Leave campaign had been seriously hijacked by those hostile to ethnic minorities (the killing of Labour MP Jo Cox, who never gave up on the refugees as well as the migrants who had a good reason to give up on their old country, was a astronomically serious indication of such). For that reason, the leave vote made them feel that they had the backing to try and take hostility to ethnic minorities to the mainstream.

Unless something is done about the rise in hate crimes, it will not just be the banks that will be leaving.

[Vassenor]

Hateful pile of human garbage who threw the entire country off a cliff to satisfy his racist bollocks.

Leaving the EU is racist?

No, but he certainly was.

[Seraven]

Hateful pile of human garbage who threw the entire country off a cliff to satisfy his racist bollocks.

Leaving the EU is racist?

Leave campaign has more closely related to racial problems.