Also worth noting that, like 19th and 20th century (and unfortunately 2020s) Ireland, Britain is now a country of high emigration for the young and ambitious: this is a normal middle-class conversation now. It took a great deal of bad governance to get one of the world’s richest https://t.co/7bVmJbKTJH
Britain is losing more billionaires than any other country in the world (The Times, tonight) This is what happens when you create an economy that no longer works for wealth creators and a social contract that alienates people who can vote with their feet
Britain is blessed with natural resources, fertile land, temperate climate and enterprise. But it's being pissed away by governments who destroy infrastructures and productivity and flog everything to huge corporations. Britain has been hollowed out, asset stripped and sold off.
Britain is experiencing a notable outflow of billionaires, more than any other country, reflecting broader economic challenges. Critics point to high electricity prices, which are among the highest in Europe, causing UK industries to spend 60% more per unit of electricity than their continental counterparts. The Labour government’s decision to halt new oil and gas licenses in the North Sea has been highlighted as a key factor, despite the UK sitting on abundant oil and gas reserves that could meet half of its energy needs for the next 25 years and potentially add £150 billion to the economy. Meanwhile, the UK imports £40 billion worth of energy annually from Norway, which benefits from a sovereign wealth fund valued at over $1.8 trillion derived from its oil and gas revenues. Observers also note deteriorating infrastructure and public services, hollowed-out communities, and a social environment that alienates wealth creators, leading to increased emigration of young and ambitious individuals. This situation is contrasted with Norway’s economic management and resource utilization, underscoring concerns about the UK’s economic direction and governance.