Do you think the economy will get better or worse?

[givethemquavers]

For future generations? Or even in the coming decades?

Worse - the Iran war continues so prices of fertiliser will stay high. Climate change = more crop failures so the price of food will rise.

Worse. Incentives for people to earn more and spend more have been eroded. The rural economy which underpins a lot of local communities has been trashed. If I were younger I would be looking at emigrating where working hard gets the reward it used to here.

It will get better, that’s the nature of economics. Whether it will do so soon is another question.

In the UK- worse. Mind you having graduated in 2012 the economy seems to have only gotten progressively worse the whole of my working life so I feel quite despondent about the whole thing.

Worse. Climate change, what we're seeing now in Europe which is the fastest heating continent in the world. The seas are hotter than they've ever been, we've got a huge El Niño coming in the autumn and a useless government with a new, naive leader and a voracious, stupid bitch leading the Tories, don't even think about Deform!
Energy costs are going to rise and drilling in the North Sea is not going to make a jot of difference and SOME people still don't get why despite many explanations.
There are going to be failures of crops, food scarcity, floods, more fires, unemployment and continuing war in Iran, Ukraine and more, trouble in the Middle East. If the US kicks out Trump it might help a bit but having left the EU, we're on our own. This country is fucked, I'd get out soon if I was younger. Or maybe I'd become a journalist and earn a wad spinning lies and rubbish for the billionaire owners.

It depends what you mean by the economy, and better or worse for whom?

The richest will always be hunky-dory, but the rest of the planet? Not so much.

In the uk - worse.

Worse. It no longer really pays to work so why bother. There was a thread the other day where a woman with 6 children was getting £4k per month in benefits! You'd have to earn about £100k a year to net that every month!

Oh this tall tale again. Assume you've given up your job @angelos02 ? It's the only rational thing to do .

Across the nation, all the NHS consultants, dentists, senior accountants, HR Directors etc have all just given up work. They're happy to live in insecure housing with no savings and no pension, with a very low income, because they're just so much better off on benefits.

Worse, ageing population, climate change. Taxes & COL will keep going up.

We never recovered from the 08 crash

Yes, thanks to Osborne's austerity, we had no recovery at all before things got worse with Brexit.

Our lives are too energy intensive to continue in the same way. We simply cannot generate the same amount of energy from renewable sources and we lack the fossil fuels to make the transition anyway.

On top of this we have a lower and lower percentage of the population actually working and supporting (financially and physically) the rest. I think we will see increasing numbers of people opting out Ayn Rand-style. This will exacerbate the original issue as well as fanning the flames of fascism.

As increasing chunks of the world become uninhabitable (welt bulb temps, rising sea levels, wildfires etc.) there will be mass migrations that make the current “small boats” situation look like toddlers mugging each other for the red car at playgroup. There will be more wars over dwindling resources and to defend land from invading waves of migration. Wars not only cost money (taxation, national debt) but also increase living costs for non-combatants as we have seen from Ukraine and Iran.

I agree.

You are being deliberately disingenuous. The successful entrepreneurs and other professionally qualified people on salaries that are way above average haven't, no.

But many of the people who are destined to be in relatively low skill, low wage jobs for all of their working life have. Because even in full time work they were not getting great pensions, great job security, great job satisfaction or saving enough for a house deposit.

They've looked at the maths and realised they don't want to bust a gut doing minimum wage jobs that are often dirty, boring or physically tiring any more. Why would they when there is an alternative that pays better? All they need to do is learn the right things to do and say and the right hoops to jump through and they can have it. And once they've become accustomed to having most of the week free to do as they please, it's hardly surprising they are reluctant to lose that, unless there is a lot more money in it for them. And therein lies the problem. There usually isn't.

My friend’s children who are early / mid 20s are already working in . Australia, Dubai, UAE and so on. A few have found work , but mostly they are looking for opportunities abroad. It is sad as they bright and some have degrees , but they can’t see any future in the UK.

Where is that?

Better. Lots of places are suffering with similar issues, even some above that people have mentioned as destinations in this thread. Economics is cyclical and there is a lot of embedded capital in the UK, we just need to tap into it better.

At least we have control over some of the supply if we use the resources in the North Sea, whether it would be cheaper is debateable that just depends on how high prices go.

I can certainly see food shortages and accordingly price rises on even basic things like potatoes, fruit and veg is too cheap to be sustainable for farmers anyway.

I think the EU will have equal or greater problems trying to balance the different needs of all the countries involved.

We need rid of Trump, but he has done something important in making us realise we are too dependent on the US, but have we found this out too late?

Getting out of the UK sounds easy but where do you go that you think is not going to be affected by all the woes? And if they are somehow avoiding all the problems would they want you or would they be busy looking after their own people?

Worse, we're coming to end game for most Western economies due to the rise of China and other developing ex-third World countries. They can simply make and do things cheaper than the West can do. That will inevitably mean a continuation in the movement of "wealth" from West to East.

Better. I’m an optimist.

Yup. My son works in one of the UK's biggest insurance firms. Nearly all the people leaving his firm are relocating abroad for work, to places like Canada, Australia, New Zealand, Dubai, Singapore. It's the main topic of conversation among his co-workers who are likewise on the actuarial graduate scheme. Very few qualify and stay in the UK!

The audiologist (private) that I usually see yearly emigrated last year to NZ with her husband who's a hospital consultant/specialist - they moved as he got a good job opportunity down there and she's also got a new job - both paying far more than they earned in the UK.

Several of my clients have emigrated. A couple went to Canada, several others have become "digital nomads" due to IR35 - they can now continue to work FOR firms in the UK as IT contractors, but are outside the scope of IR35 because they're no longer tax resident in the UK. Saving the tax otherwise they'd have to pay finances them being able to travel round the World!

More and more well qualified/well educated people can't see a future in the UK.

There are other ways to make fertiliser we just got used to the easy cheap, import it. Compost heaps were essential on any veg plot now people are more likely to buy a bag of fertiliser to scatter. Sewage works, animal waste (a lot of stuff that is polluting rivers) can be used as the basis for fertiliser. We need to start growing more heat tolerant crops and realise water is a valuable resource not to be squandered and stop wasting it on things like the recent obsession with cleanliness two or more showers a day is not necessary.

@IthinkIamAnAlien Ditto bu the other way
It's been explained that we will be a little bit more stable whilst we keep transitioning to renewables ?
At the moment we have to "import " a lot which is not eco friendly

We have a problem with an ageing population on top of climate change and the unpredictability of a collapsing US. Not a great outlook