Steven

quite surprised when i was doing some research on this to find that there's quite big differences between the uk and the us in terms of gdp growth in q4 2024 the us economy grew by 0.6 percent while the uk growth was 0.1 percent so they're doing significantly better in that regard us gdp per head stands at eighty two thousand dollars per head whereas the uk stands at forty nine thousand dollars per head and stock market performance which is an indication of i guess whatever

quite surprised when i was doing some research on this to find that there's quite big differences between the uk and the us in terms of gdp growth in q4 2024 the us economy grew by 0.6 percent while the uk growth was 0.1 percent so they're doing significantly better in that regard us gdp per head stands at eighty two thousand dollars per head whereas the uk stands at forty nine thousand dollars per head and stock market performance which is an indication of i guess whatever

rose by 300% in the US, whereas the FTSE 100 declined by 20%, which is the UK stock market. Productivity growth since 2018, productivity increased by 30% in the United States, which has outpaced the UK. And lastly, income growth. Since 2007, American income per head has increased by 72%, while it has decreased by 2% in the UK in dollar terms.

rose by 300% in the US, whereas the FTSE 100 declined by 20%, which is the UK stock market. Productivity growth since 2018, productivity increased by 30% in the United States, which has outpaced the UK. And lastly, income growth. Since 2007, American income per head has increased by 72%, while it has decreased by 2% in the UK in dollar terms.

So they seem to be doing better from, if you just look at the economy... Why is that? Is that because they lean more into technology and to innovation and entrepreneurship? And is it because of the things you were saying earlier about their attitude towards the government, like reduced government spending versus tax the rich? Why?

So they seem to be doing better from, if you just look at the economy... Why is that? Is that because they lean more into technology and to innovation and entrepreneurship? And is it because of the things you were saying earlier about their attitude towards the government, like reduced government spending versus tax the rich? Why?

I'm keen to hear Gary's view on this because I understand yours because you've just said it.

I'm keen to hear Gary's view on this because I understand yours because you've just said it.

Yeah, I think these are great statistics. And of course, the US has a strong reputation for being very free markets and being very small states in the last five years, 10 years, 15 years. we've had a UK government that has been aggressively slashing the state.

Yeah, I think these are great statistics. And of course, the US has a strong reputation for being very free markets and being very small states in the last five years, 10 years, 15 years. we've had a UK government that has been aggressively slashing the state.

And the US, we had a government in the last four years which has been running a massive, massive deficit. So in that period of time, it appears the government which has been aggressively increasing its deficit has massively overperformed the government which has been aggressively slashing the state.

And the US, we had a government in the last four years which has been running a massive, massive deficit. So in that period of time, it appears the government which has been aggressively increasing its deficit has massively overperformed the government which has been aggressively slashing the state.

That's what it looks to be from the last... I mean, Joe Biden enormously increased the deficit, enormously, and the Conservatives were austerity government for 14 years. Which one seems to have given the better numbers?

That's what it looks to be from the last... I mean, Joe Biden enormously increased the deficit, enormously, and the Conservatives were austerity government for 14 years. Which one seems to have given the better numbers?

So do you think government services have it funded now?

So do you think government services have it funded now?

You don't want government... You don't think that spending on government services has been slashed?

You don't want government... You don't think that spending on government services has been slashed?

Do you think the police spending has been slashed?

Do you think the police spending has been slashed?