UK: Collapse of the Economy

A possibel collapse for the UK Economy, in next 20 years.

Published on January 20, 2005 By brendangenius In Politics

None of you will be able to remember the collapse or 'near to callapsing' economy of America in the start of the 20th Century, but it happened, and it was pretty bad. But now that could also happen to the UK.

This possibly wont actually happen, but I am trying to put into perspective of what the possible outcome for Britian (maily England) in the next 20 years or so. Maggie Thatcher, didnt help when she brought in the 'Poll tax', designed to make the rich, even richer and the poor, even poorer. But prices, for almost everything in the UK have gone up.

Prices for Petrol, Houses, almost anything - even food has gone up. The reason is unclear, possibly because the companies think that they can sneak it up, because of the rich society of Britain, in which many are brought up - rich people buy more, they can afford. But with all these prices going up - even the rich may start to refuse. I am not rich and the price of the mortgage's and cars are too much to handle, in reality, so just like in America, all those years ago - i think that people will either refuse, from ignorance to buy goods or just cant becuase of the money.

When no one buys from the company, the people working for the company get 'Payed off' and then they dont have work-normally you would be able to find a job again, but at the vast amount of prices being raised, the collapse could happen overnight.

So maybe I have 'Extended the truth' quite a lot, but this is a possibility for the future of Britain, although its also a possibility it wont. Either way, the Economy isnt getting any better, is it?

Comments

Solitair

on Jan 21, 2005

Prices for Petrol, Houses, almost anything - even food has gone up

It's not quite as bad as you picture. inflation is actually vey very low and has been for years. Inflation includes petrol and food, but not houses. This means with the exception of houses prices in general have not gone up. House prices have sky rocketed but are still a lower fraction of income that at the last property price bubble. Recently they have stabilised and dropped slightly. No one is sure how much they may drop, but hopefully they'll just stabilise for a year or two while incomes try to catch up.

You are right about taxes (such as the poll tax) being a problem. Britian at the m oment is a country of stealth taxes. Just look at council taxes. The prblem I have with this is that we therefore duplicate the jobs of poeple having to monitor, collect and control these taxes. I'd rather see all taxes except income tax, vat, duty and company tax, removed. This owuld also allow us to reduce the cost of governemnt drastically. I'd rather pay a single 40% tax rate and know that that was all I had to pay and that the money was being used efficiently.

Paul.

brendangenius

on Jan 21, 2005

Yes I agree, and I also agree that I made it sound worse than it really is, but I think that the 'Poll Tax' was one of our biggest downfalls, government wise.

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