Can the UK afford its current welfare state?
Can the UK afford its current welfare state?
Description
The UK faces potential economic crisis due to unsustainable welfare spending and costly infrastructure projects
Transcript
I think it's great that you could try to, obviously make sure everyone is well taken care of, you have a job, you don't have a job, you're, everyone is well taken care of and it is nice to have. But I think if the UK continues to do this and every year a new politician needs to add something else to the welfare to make people vote for them and someone else needs to raise how much you get when you have kids and someone needs to raise this and that. I don't think it's going to work and I think eventually it's all going to come crashing down essentially. So I think one of the main areas the UK has to focus on, they need to absolutely cut how much it spends on welfare. I think right now I said it's 30%. I don't know the exact details on, what goes to housing and all of that. But if they can take massive chunks of most of them, reduce how much goes to people who aren't working and all of that, I think that's one big fact here that needs to be done. The other big factor is, I looked at some stat the other time and basically it says that the UK is one of the places where it's the most expensive to get anything done. So the government wants to, for an example, the HS2 where they're trying to build. They started building the road, I think about, it was initially estimated at about 30 billion or something. I might be wrong, you can fact check me, and it's ballooned, it ballooned to I think about 10x of the initial price.
