UK Economy Shrinks AGAIN ⛔️

Rob Moore says the UK economy contracted 0.3% in April and blames Labour spending on the NHS, defence, and housing alongside tax rises. He warns of recession and argues only a capitalist government can reverse the decline, citing a 60% marginal tax rate for high earners.
Chapters
minutes. The UK economy shrinks again. Breaking news just out. It's actually a massive economic shrink. Now, Labour will fudge it and they will blame Conservatives and everything that's happened in the last 14 years, but this latest data out today, if you just project that forward 2, 3 months, it is huge. Economic recession or potential crash or depression. So Labour have just announced that they are whacking up spending on the NHS, even though the NHS is like having a bucket with a big hole in it and they're just pouring more water into it. They're whacking up spending on defence. We actually need to increase defence spending because we're basically a big advert to come and raid the whole nation. Hey, crime is legal here, immigration is legal here, you know, come and steal everything, come rape and pillage our villages and take everything you want. So we do need to, I believe, to increase defense spending. Um, NHS is already broken, and I know that for a fact because my dad's been in and out of hospital for months. And do you know, every single day they give my dad a different doctor and a different nurse. And I spoke to a doctor yesterday about, um, my dad because he's been in hospital again, and the doctor just had no clue what was going on. The NHS is broken. It is broken. Um, but anyway, they're pumping billions more into that. They're pumping billions into affordable housing, um, just to make it even harder for UK citizens to rent, make it harder for good honest UK landlords. Um, they've got this new scheme in where they'll give you over-market rent and a 5-year a guaranteed contract to kick out your English tenants and bring in immigrants. I mean, I do not know what the fuck is going on in this country, but it is going to shit fast. And the data is just out that the economy has shrunk 0.3% in April. Now they'll get away with that and that'll get pushed under the rug and blamed by someone else. But think about that, 0.3% in a month. That's 3% in 10 months. That is basically a crash and a recession coming, but they'll get away with it and they'll just keep taxing you more and more and more. And of course, this recent, uh, budget where they're massively increasing spending in NHS and spending in affordable housing— Jesus, heart attack. Um, and massive increase in, in defense. Where's that all going to come from? And, you know, they'll just slide it under the rug, but basically it'll come from you, the taxpayer. They're not going to be able to cut spending in other areas. Um, we're in nearly $3 trillion of, of debt. We've got massive interest repayments on— I'm talking billions. This country is in ruin, and it's not an exaggeration, and it's not me sensationalizing. And the economy shrank 0.3% in a month, which is massive. That's recession/depression territory, that is. And the revolution is coming, and you can see it in LA. You can see how people are going wild over immigration. And in the end, people will go wild when they can't afford to live. No one can tell me or you that your general living expenses haven't gone through the roof. Whether the prices have gone up or inflation has gone up or rents have gone up or energy has gone up or food has gone up, it's all gone up and up and up and up. And they keep bullshitting us that it's just, ah, inflation is under 3%, we've got it under control, we're one of the top growth G7 countries. Bollocks. Bollocks. Nothing's under a fiver now. A penny sweet is a fiver. Rent's gone through the roof. It's mad. No one can afford to live anymore. So in the end, even Labour's own party and the people will go, do you know what, we can't afford to live, so fuck you. And that's when they'll vote for reform. And only when we get a capitalist-based, commercial-based, business experience-based government or party, only then will things change. And by the way, this is proven through cycles. This is what happens. You swing to the far left because times have been too good and everyone wants equality and fairness. So you give immigrants and the homeless and the consumers, you give them everything. You take it all off the rich and the productive. The rich and the productive fuck off, the country goes to shit, the working people get taxed to death, and then there's a revolution. And this is— anyway, um, there's really nothing that could be done about it. I'll rant every day, and I believe what I'm saying is factual, and I do research. I don't just rant, but Labour aren't going to listen to me. So you can't change this, you can't change the economy, but you can change your economy. And here's the reality right now: 7 figures or a mil That used to be retirement money. Now it's just get-by money. Like, if you earn 100 grand in the UK, you don't earn much. You're in the highest tax bracket. If you go over 100 grand, you're taxed net effective rate of 60% up to 125%. So even at 100K, you don't earn much anymore, net-net, you know, after taxed on what you earn, taxed on what you spend. So the only thing that you can do is push the earnings way up and learn how to get your taxes down simultaneously. And that's why I've got a brand new Zoom this Sunday on scaling from 6 to 7 figures. So a lot of my content is about starting your business and racing to that first 6 figures, you know, firing up your income. But once you get over 6 figures, they start to take most of it from you. And you have to learn how to keep it and grow faster from 6 to 7. So this is a new, a new training that I'm running. I don't think anyone's actually done any training on this specific niche before. So if you'd like to join this, it's called, um, Scaling from 6 to 7 Figures Fast. Um, then the link is robmoore.live/sunday. Rob Moore Sunday. I wonder if you can guess what day it's on. Now I'm actually doing a series. The first one's already happened, but you'll be able to get the recording later, um, as long as you're a Money.School member. And that's going from zero to six figures, are you getting started and hitting that threshold of six figures where the tax is insane. This session this Sunday is scaling from six to seven, where you can hit that seven-figure, um, amount where you actually start to earn a pretty good living despite all the taxes and inflation and the soaring cost of living crisis. And then the week after— by the way, when you register at robmoore.live/sunday, when you register, um, you'll also get auto-enrolled for the next one next week, which is all about going to 8 figures, or what we call TML, 10 mil liquid. So the link is robmoore.live/sunday if you want to grab this series. The one coming this weekend is about scaling from 6 to figures. It's my 5 Ps process. Um, I achieved this 15 years ago when actually 6 figures was a lot of money. 15 years ago you could live good on that. You can't anymore, especially if you've got 2 kids. I mean, you're ruined. So I've reverse engineered what I learned. I've reverse engineered what I've taught my students, thousands of them, because the world has changed. And I put into my 5 Ps system, which I'll share with you on the Zoom. Robmoore.live/sunday. I, I want— because I already own the Zoom account and I pay for it, um, I can make this a no-cost training for you. By the way, I don't usually do these trainings for anyone other than Money.School members, but I'll let you jump on, on this community. Someone has said in the comments it's unbelievable that 100K doesn't give you a high level of living. I agree, but it doesn't, and you all know it. Um, and then someone else has said, will the UK become socialist? It already is. It is a far-left socialist state, and that only ends one way— really badly for the economy. Um, okay, so, um, let me know what you think about this updated revelation that in April alone the economy, um, shrunk 0.3%. Fact that over 10 months, a 3% shrink— that's massive. It is huge. And of course they'll brush it under the carpet and they'll blame Conservatives and any other bullshit. You'll just get fobbed off. So let me know what you think about that, because that for me is recession, depression coming. That's what that says. That's the signal. And I studied the growth since Labour came in. It's virtually nil. And so when you add inflation over that time, we're not growing. We need to grow. America's growing 3, 3.5% quicker than us. It's madness. We've got great entrepreneurs here, we've got fintech, we've got the ability to have great technology, we've got the, the previous Great British Empire, we have all the fucking resources. What are we doing? Anyway, as you can see, it pisses me off. But, um, unfortunately nothing's changing when I do my rant. So I'm going to help you change your economy, um, and help you bust through that 6-figure to more quickly get to the 7-figure, to actually be able to afford to live properly. Because we all deserve to live properly. No one deserves to be on the breadline all the time. Anyway, the link, robmoore.live/sunday. It's a series. Book this Sunday, you'll get next Sunday. You go from 6 to 7 to 8 figures. By the way, this is, this is what I've achieved in 19 years. Well, actually, I got to the 8 figures probably 11 years ago. So I've reverse engineered back what I did, and now of course what I teach all my students, because obviously the world has changed a bit. I'll see you there. robmoore.live/sunday.










