704: Get out of property now in the UK - the trigger has been pulled by Labour
10-13-2024
PropertyInvesting.net team
The Labour party have now been in power for 100 days. We have had the opportunity to assess their initial performance and it has been depressingly disappointing to put it mildly. We have had:
1) riots by working class people disillusioned with the government - people being locked up by two tier policing for 3 years for posting something on Facebook;
2) permission to open Workington coal mine being refused;
3) North Sea being attacked by higher taxes and a depreciation schedule that no-one knows;
4) the last low cost coal burning baseload power station Ratcliffe-on-Soar being closed;
5) the last high quality steel furnace closed in South Wales - meaning we can't build war ships, planes, oil rigs, steel girder anymore - we will need to important from our "friends" like China and Russia
6) concern that Grangemouth oil refinery complex will close
7) talk of increase in National Insurance by Employers;
8) record pay rises for public sector workers with secured pensions; record levels of illegal immigration - 1000 people arrived in small boats on Saturday 5 Sept for example.
9) A business secretary that didn't even invite Elon Musk - the most successful businessman on the planet - to their UK investment conference.
Our strong advice is to sell down your property portfolios as soon as possible - because Labour will come after you with higher punitive taxes for anyone who is trying to make money. Making a profit is the new swear word. It's time to get out of business. It's also worth considering leaving the country - because all taxes will be going up. It's a disaster. How 20% of the population (33% of the electorate) can vote for these clowns - that generates a massive majority - it defies belief.
Ed Milliband is delusional in believing wind and solar will help secure our energy future. No it will not. We already have 3 times higher gas prices and 5 times higher electricity prices compared with the USA. Once his high cost wind and solar strategy has been adopted in 3-4 years time - mark our words - energy prices will be 10 times those of the USA and 2-3 times those of France and Germany. We are likely also to suffer power cuts as the grid becomes more strained from unreliable solar and wind, with a lack of secure baseload from coal and gas. Our energy policy is a mess. The North Sea is on life support. And he is just about to pull the plug on 30 October - when the small print of the budget is likely to show that no costs can be offset against profits - unless its spent on wind turbines. This will be the death nell for the North Sea.
What is happening in UK business is:
1) the London financial business has stagnated;
2) manufacturing is in terminal decline - massively affected by high energy prices'
3) talented young British people are fleeing the country to other developed nations - 500,000 a years;
4) immigration is massively increasing 1.25 million people are arriving almost all from poorer developing nation - mainly unskilled;
5) inequality is rising as a few rich financial people in London are weighed down by huge numbers of unskilled workers looking for low paid jobs outside London;
6) an aging population is putting huge strains on working employees and public services
7) meanwhile the government is saying we need to get away from "presenteeism" - going into the office. So we should continue our miserably declining UK productivity by working from home
8) The pension age is increasing
9) interest rates are prohibitively high - trying to control the monumental amounts of money they printed out of thin air during Covid
10) the UK suffered the worst out of all G20 countries during Covid - partly because of mis-management
11) the UK has been encouraging-supporting the Ukrainian people in their war with Russia - supplying huge arms supplies and funding in another foreign exploration
12) record homelessness and the hollowing out of town centres has created a depressing backdrop to our city and town's decline
13) the UK stock market has only rise 25% since the year 2000 - meanwhile the US stock market has risen 250% - ten times more
13) mental health is deteriorating fast - an explosion in UK mental health issues - this is definitely a growth business along with insolvency services
The UK is in terminal decline - its economy is the worst performing out of any G7 nation - despite us having the North Sea oil and gas. We have squandered the oil and gas revenues then accelerated the decline with punitive taxes on energy companies with the most unstable fiscal regime in the world for oil and gas companies - no wander they are all leaving in droves.
So the message is clear. The UK is closed for business. The pubic sector will expand. Taxes will rise, Immigration will increase. Illegal immigration will increase. Standards of living will drop. The currency will decline. Inflation will rise. Business will decline. Its time to get out!
Regret its not better now. But the UK is on a rapid course towards bankruptcy. Our next Special Report will be more upbeat - only because we will be describing some excellent global investment opportunities like:
Tesla
Microstrategy
Bitcoin
Solana
A portfolio of these four assets is all you need!