(Replying to PARENT post)
There are some multinationals who escape taxation, but even if that were perfectly addressed it wouldn't solve the UK's issues. Tax receipts are already close to 40% of GDP, these are record highs, frankly there are few countries where going over 40% is both possible or sustainable. (The US is at 25% for reference).
House prices are high because for 15 years mortgages were basically at 0% interest. This didn't actually make housing more affordable through cheap mortgages, if just inflated house prices. The endless schemes to help young people buy property just makes this worse, as the schemes are just built into the price.
Lastly, and this is usually hard to hear for people of your persuasion, you just can't add 500k-1m NET people to a country and expect housing to be just as available, and the health service to not be under massive strain. It's a physical impossibility. YES, I know many immigrants work in the NHS. That is not a valid rebuke to the problem. 1m net immigrants last year is 1m more people who need health services. The NHS has received massively more funding since covid and just can't cope. I'm not against migration, but the sheer numbers need to be talked about. You can't keep a sustainable country at these levels.
Finally, the UK has relied on financial and advisory services for decades as the core of its economy. This seems to be working less and less, tech is taking over. the 80-90s were about finance, since then it's been about tech. Slowly the country is falling behind.
This is a chronic issue in almost all of europe, but at least there there is high end manufacturing, and eastern europe has tonnes of catching up to do which grows the economy.
(Replying to PARENT post)
I used to live in the countryside, the 90s had a background of rapid improvements in schools and hospitals. 2000s full of out of town megashops killing the high street. 2010s public service cuts. 2020 stuff just not working.
The scale of the housing price problem is difficult to behold.
https://www.plumplot.co.uk/Norfolk-house-prices.html has the house prices
https://www.adzuna.co.uk/jobs/salaries/norfolk is the average wage. The average house price is 10x the average wage. but thats not evenly distributed. if you live up in the northern part, the average house price is 100x times wage.
The UK was already extraordinarily unequal in the 2000s, however inflation, benefit "adjustment" and general failure in policy.
(Replying to PARENT post)
The house 2 doors down was last sold for ยฃ80k about 20 years ago. The house over the road that has just gone up for sale is asking for ยฃ300k. I'm lucky that my salary is over the median, but a 3-bed semi detached is like 10x the median salary (ยฃ26k). The same sort of property that my parents generation bought for 5x the median salary back in the 90s.
(Replying to PARENT post)
Brexit was just a fantasy of better days to come that was actually pretext for a right wing power grab. And what do right wingers ultimately want? A world of red in tooth and claw capitalism with themselves as the permanent winners, right up until they are hit with one of life's unexpected curve balls then they come crying to the state to save them.
Fuck the tories.
(Replying to PARENT post)
Some data:
https://www.ons.gov.uk/employmentandlabourmarket/peopleinwor...
Growth in employees' average total pay (including bonuses) was 5.8% and growth in regular pay (excluding bonuses) was 6.7% in January to March 2023.
(That appears to be on an annual basis.)
(Replying to PARENT post)
Why would not working result in higher pay? Especially in a field where the product is increasingly seen as a luxury that costs as much as a downpayment for a house and ultimately not a essential requirement for employment.
(Replying to PARENT post)
Throw in Brexit, cost of living and most normal people are fucked.
I'm a lecturer (5 yrs) and I'm struggling to pay my bills. We've been out on strike and nothing happened. NHS is struggling. Pay rises are around 0% for most people I know. Food inflation is around 16%. Foodbanks are struggling to feed families.
Companies are making record profits, these are distributed as dividends to shareholders (the rich) who then go on to buy more shares or other assets (e.g. houses)
Where I live most houses are Air B&B for a lot of the year, this has destroyed most villages by the coast. House prices have doubled or more. So a lot of those families have moved into towns, forced to rent rather than buy. Tons of money that used to go into mortgages (investments) is now funnelled to rich people who own the housing stock.
There's a lot of crazy stuff going on. The UK has a shrinking middle class. The middle class used to drive the economy. The rich poor divide is breaking the country.
A better TAX system would fix most of the problems. But our government is not interested.