You get what you pay for!!

Aye the haves and have nots, the divide will deepen.

 

 

 

 

As for the middle class spending a tad too much on imports is a tad finger pointy imo if people wish to be angry that's fair, but this "blame assigning" & "in fighting", poor against middle class to name a one without causing to much contention, really needs to be prevented at all cost. If anyone wants to blame someone a good place to start would be Jerome Powell or the western Oligarchs.

I guess middle class is a bit old school to be honest what I really meant was middle income the people with a large amount of disposable income and there are millions of them. I think oligarchs have often based their tax es in the UK to avoid higher taxes elsewhere so that is free money to the UK economy. The big issue is the huge trade inbalance and the biggest purchase people make after their house is their car and this is the easiest thing to point to for doing huge damage to our economy. We then transfer sterling in large amounts to other countries to buy their goods and end up borrowing sterling back with interest to prop our own economy up and of course destroy our own industries in the process which often go to the wall or are bought with that sterling we have exported.

Ultimately we should never borrow, we have no right to borrow expecting later generations to pay for it. If we never borrowed and didn't sell assets we would have been forced out of the EU in the eighties and people would have had an understanding of that damage being caused. You can't expect to live to a high standard without industry and commercial activity to pay for it.

It's a horrible lesson that will hit us when international banks lose confidence in the UK and they stop loaning us more money and sterling drops in value considerably.

It is definitely the middle income people that have caused the damage, every statistic I have seen shows that they have the most money to export its as simple as that. There aren't enough rich people to do as much damage and poor people spend a lot more of the money on utilities and essentials and typically buy s/hand cars etc. It's not about pointing the finger so much as knowing whose behaviour has to be adjusted. You have to understand the problem before you can correct it. That is not to say there aren't a huge number of middle income people who are hugely positive to our economy its just the bulk of damage is coming from people of that type of income. More sales taxation of expensive imported vehicles so people buy them less frequently is a simple approach of adjusting the economy and less taxation on factories and agriculture in order to make them more productive and more competitive are fairly simple policies. There is nothing that can't be tackled with good policies. After WW2 we had some fantastic politicians who focused on manufacturing and paying back the huge debts of WW2. You could say their policies were simple but they were very effective.