What will the UK look like with the new change in economics?

Same question. please could you post a link to the IMF saying that.

How do you grow when you can't export?

A contribution to how our education will change with the reorganisation of our economy seems more interesting Elegran

Will respond to you later today,*Ug*.

This is about the latest IMF Forecast

It doesn't seem to be quite as upbeat as reported earlier on this thread. This is from the article:

The financial watchdog said the UK economy would grow by 1.4 per cent this year and 1.5 per cent in 2021 after anaemic growth of 1.3 per cent last year. The figures are unchanged from its October forecasts.

"The growth forecast assumes an orderly exit from the European Union at the end of January followed by a gradual transition to a new economic relationship,” its World Economic Outlook said, adding that its forecasts depended on the UK and EU “averting” a no-deal exit.

As this thread was intended to get a view of how the country will look in the future and what changes will we see I think there could be two different scenarios from what they are saying.

*education is spurned by large numbers of older voters, who currently hold sway. . . ‘

What do you mean by this, please?

That is just my point of view Doodledog. How do you see the majority of older voters attitude to, for example, the majority going to university?*

I can't possibly speak for 'the majority of older voters'; but as an older voter myself, I most certainly do not spurn education.

You talk about the majority of young people going to University (they don't). Again, I can't speak for others, but as an older voter, I have always been a supporter of as many people as possible having the opportunity to get degrees, and would love to see the return of universal grants so that there really is a level playing field (currently some students are working full-time to make ends meet, whilst others have the luxury of being able to spend their time on their studies).

I am aware that a lot of older people were denied the opportunity to go to University, but in my experience, many, if not most, are very keen for their own children and grandchildren to have the opportunities that they did not. I don't think I know anyone who has 'spurned' education, but I do know many who've gone out of their way to plug the gaps that were left because they had to leave school before they would have preferred.

I do not see older voters as 'holding sway' either, unless your initial comment was an allusion to the idea that Brexit was voted for by older and less educated people, in which case, again, I can't speak from my own experience, as I voted to remain. I find that a lot of the time we are written off as 'Boomers' and are sidelined as a drain on the NHS, or as claimants of unaffordable pensions etc. I really don't see older people as 'holding sway', but I would be delighted to hear an argument to the contrary.

I do wonder why big banks and financial services, are moving or making plans to move, in droves?

A few are of course doing very well, but nothing is coming back to fund our country or services- and they are the ones behind this all disastrous charade:

''Jacob Rees-Mogg’s Company Accounts show c£103M profit over last 5 years, but paid ZERO UK corporation tax as ultimate ownership in Cayman Islands.
No contribution for schools, hospitals, roads, defence, public services, welfare etc. No wonder he is keen to avoid new EU tax laws.''

So where did you discover that older people are spurning education? You still haven't told us. Is it a fact or just your impression? My own impression is that older people value education very highly. It is people of a younger generation than that who believe that on any subject the opinion of an educated and experienced expert is inferior to the off-the-cuff guess of an average man-in-the-street with a microphone shoved under his nose.

Or are you working on the principle that saying something loudly enough makes it true, so there is no need to have it confirmed?

Elegran no. The thread is about the future. I have said that was a personal opinion and I am not saying anything more about it. I would be interested, on the thread, in your opinion of what education will look like to meet future changes, the disappearance of some jobs, etc.

The Telegraph has reported that over 1000 EU financial services companies have applied for licences to operate in the UK post Brexit.

Not quiet the exodus some have been predicting.

They will need offices, staff etc.

Thanks MaizieD are you looking up sources? Or maybe you’ve got a nice walk planned!
?

This GGMk3 is in The Telegraph business section today:

“The frontiers of medical science are going to be in cloning and gene therapy. The EU has put restrictions on both of those technologies, and shows very little interest in lifting them. And yet that, rather than traditional pharmacology, is where the innovation is.

The UK already has a huge, and world-beating pharmaceuticals and biotech industry. It may have to move some jobs, and some production, to Europe to make sure it stays in the single market. Against that, it can research and experiment with products that wouldn’t be possible in the rest of the Continent.”

Divergence from the EU can bring rewards it seems.

Could you copy the article GG13?

How can it make any sense?

Have taken a screen shot of beginning of the article jura2 hope this helps

The Times reports this too. If the "Temporary permission" turns into permanent presence, that is good, but I hope it is not happening because they will not be taxed on the money that flows through their hands! We will need that tax revenue!
"The Financial Conduct Authority received a total of 1,441 applications between 2018 and 2019 from firms to use its temporary permission regime, which it put in place to allow European companies to operate after Brexit while they seek full authorisation.

Of that number, 1,000 appeared to be seeking permission to set up an office in the UK for the first time, according to Bovill, a regulatory consultancy that sought the data from the FCA under a Freedom of Information request."
www.thetimes.co.uk/article/more-than-1-000-financial-firms-from-eu-seek-uk-entry-despite-brexit-uncertainty-dh6p5r0tk#

The thread is about the future. I have said that was a personal opinion and I am not saying anything more about it.

This is very rude, after I bothered to answer your question. Everything on here is a personal opinion, isn't it?

Doodle dog, I find continued cross questioning, about something I have said I do not want to add to, excessively rude but that doesn't seem to stop you. You can continue trying to derail the thread but I really do have nothing add.

How do you see life, any part of it, changing with the changes we are moving in to?

Elegran thank you for posting that link I am a total technophobe and have a total blank regarding posting links!

I am not derailing, nor am I continually doing anything. I was responding (once) to your post to me, out of politeness, rather than rudeness.

GG13 higher growth rate because starting from a lower base?

Newnanny The current Bank of England base rate is 0.75% - not much left to "slash"

The NHS is in trouble because there are too many people living in this country chasing a finite pot of money, also there is too much waste and mismanagement and public misuse of the service. The social care system is in trouble because many families can't be bothered to help their own relatives as previous generations did so leave it to the state.

Mrs Thatcher is not responsible for the rise in popularity of internet use for shopping or for the youth of today not generally wanting to work in manufacturing or for people preferring to buy cheaper shoddy goods from China instead of better quality British produced ones.

Look around your own homes and see what you have purchased which is entirely made in this country and you will then see who has actually caused the decline in this country's manufacturing industries! Yes, it's ourselves we have to blame.

Short term-ism is a problem with 5 year span government and it is also a problem for those who imagine the world will continue as it is, or worse think leaving the EU will return us to a sacrosanct world of the 1950s and a rush to take up employment as hairdressers!
There is always a complaint about links so before I post the link to the World Economic Forum report 2020 which sets out in some detail how the world may change in the near future with attention paid to climate change, data fraud, cyberattacks, water crises, political upheaval and war , I will just copy a short paragraph:

"The global economy is showing signs of vulnerability (see Chapter 2, The Fraying Fundamentals). At the time of writing, the IMF expected growth to be 3.0% in 2019—the lowest rate since the economic crisis of 2008-2009.7 At a time when global coordination in the form of more efficient
trade could help boost growth, trade has instead been turned into an instrument for rivalry. (So a return to trading in goods is going to throw the UK into quite a challenging environment) The World Trade Organization (WTO) projected that growth in merchandise trade will slow to 1.2% in 2019 from 3.0% in 2018."

And a further paragraph that pays attention to the somewhat bizarre question about youth:

"In the long term, the mobilization of youth could lead to a new green social contract reordering political and business
life, as today’s striking children gradually become tomorrow’s voters, workers, investors and consumers. Politicians will seek to attract them through policies such
as the Green New Deal legislation that has been proposed in the United States.
As today’s youth demand jobs that are compatible with their concern about climate change, workforce climate activism may become more common, and companies
without strong environmental credentials could struggle for talent. Lastly, as consumers, the new generation of climate
crusaders will make more sustainable lifestyle choices, such as eating plant-based diets or flying less, and demand more low carbon goods."

here's the link: www3.weforum.org/docs/WEF_Global_Risk_Report_2020.pdf

My three young adult children, now professionals, and their peers certainly valued education and many of them are now directing their efforts to qualifications and work experience that will enable them to work somewhere other than the UK. The future for the relatively badly educated youngsters from difficult or disadvantaged backgrounds is grim.

Frankly, I'd give more credence to a report put together by an independent, international organisation than to newspapers, most of whom, are tabloids in approach even if they are published in a different format!

Given that the retirement age is to increase to 66 later this year and then to 67 towards the end of the decade many people will need to find different work. ie those doing heavy and/or manual work such as nurses, carers, builders and plumbers. The list goes on and on.

I therefore think that we need education that is available to everyone throughout life - whether it's to retrain or to improve oneself. The old idea of university education was to widen the horizons of the young people who went but that idea is now a luxury.

I also think that somehow or other people should contribute towards the cost of this education (don't ask me how at the moment). I also think that the system of student loans for university/college education should continue, possibly with a review has to how it is organised and the level of repayments.

There is a large pool of people out there who have taken early retirement from teaching - whether schools or higher education - who might be interested in teaching adults. They may need a bit of retraining so that they can teach adults rather than children and they could do it part time. Who knows, they may enjoy imparting some of their knowledge to others.

I am not blaming anyone quizqueen. I can never see the point.

Mrs Thatcher was mentioned because she set out to restructure our economy from a goods-based one to a service-based one. It was simply a comparator to the restructuring the voters have asked this government to undertake.

There were consequences, some quite extreme, from the changes made by and since the Thatcher era decision. I was just interested to see what people felt would happen this time and how our country would change because of it.

Look around your own homes and see what you have purchased which is entirely made in this country and you will then see who has actually caused the decline in this country's manufacturing industries! Yes, it's ourselves we have to blame.

quizqueen the entire British ethos since WWII has been cheap everything from food to goods. An ethos continued in the high streets with races to produce the cheapest of everything (with a sad result for animal welfare) and with the promotion of endless BOGOF offers. We can no longer produce what we need in this country, neither foodstuff nor goods, and no one is going to be willing to row backwards to living on root vegetable stew in an unheated, central heating-less house, walking everywhere just because it forms some idyll in your mind of what life was like in the past. This is the future and more of it is coming our way!

Interesting angle Dinahmo. There is a thought that there may not be enough jobs but, in the past when this has been put forward, jobs simply changed. However, how you spread the wealth may also be a problem. It's interesting to look at the jobs you grouped together as heavy and/or manual. Isn't it interesting that builders and plumbers are usually very well paid but the pay is such an issue for nurses and carers? I wonder how we can show that just as within a firm work of equal value must be equally paid so should these jobs. Would people say they are of equal value?

I think we will see more continuing education but again, how do you close the gaps between women and men and the fact that while some people will work at a higher skill level in time some will also end up below their skill level and unable to pay for up-skilling.

We have also already seen that those who go on to work at higher levels generally work more hours and therefore end up with greater wealth and larger pensions. If more people are sharing the jobs that more can do - at the lower end of the skill scale - they are likely to be working part-time on low wages. That means less for their retirement years. A don't think this will be tolerable to many for long so plans need to be made to not just concentrate on work but on life and living too.