WEBVTT 00:00.750 --> 00:06.530 HMRC declares insane new tax reporting requirements. 00:07.130 --> 00:13.150 And if you don't comply or do these new returns, the fines are significant. 00:13.890 --> 00:18.110 This is absolutely crazy what they've now announced. 00:18.510 --> 00:22.150 This is the issue that's ongoing with the UK. 00:22.710 --> 00:26.090 It's becoming a bureaucratic state. 00:26.090 --> 00:30.850 There's actually a report that I was reading today that said that one, 00:31.670 --> 00:37.850 this couple now have to file 19 tax returns per year with this new ruling. 00:38.290 --> 00:42.010 A lot of people saying they have to do nine tax returns. 00:42.730 --> 00:46.170 And if you don't do this, the fines are huge. 00:46.550 --> 00:49.510 This is just getting worse and worse for the UK. 00:50.030 --> 00:51.810 So let me start with the first one. 00:51.850 --> 00:53.990 This is actually out of the times. 00:53.990 --> 00:56.050 So a reputable source here. 00:56.430 --> 01:01.570 This gentleman says I'll now have to file nine tax returns a year. 01:02.210 --> 01:05.030 And this is not isolated to this man. 01:05.130 --> 01:06.670 This is a lot of people. 01:07.030 --> 01:10.410 And the reason I'm bringing this to you today is because a lot of people 01:10.410 --> 01:15.590 just aren't aware of these new requirements of how many tax returns you need to do. 01:15.910 --> 01:19.430 And it's not just the tax return, which is going to lose you a lot of time, 01:19.870 --> 01:22.010 a lot of productivity, a lot of income. 01:22.010 --> 01:24.790 But now you can't just do it on their website. 01:25.070 --> 01:29.170 You have to pay for this new expensive software as well. 01:29.630 --> 01:33.150 So they're really, I mean, it's absolutely atrocious what they're doing. 01:33.450 --> 01:37.390 So let's go over a few points from these couple of articles here. 01:37.550 --> 01:41.290 It says firstly that, and this is out of the times, 01:41.830 --> 01:45.150 HMRC haven't even made it widely aware. 01:45.390 --> 01:47.190 So a lot of people are going to get caught out. 01:47.470 --> 01:51.190 A lot of people are going to get fined because they're not even aware 01:51.190 --> 01:55.750 that they now need to do up to nine tax returns per year. 01:56.030 --> 01:57.890 You can't make this stuff up, ladies and gents. 01:58.010 --> 01:59.190 Honestly, it's insane. 02:00.210 --> 02:04.750 So this is millions of people in the UK will now have to file at least. 02:04.930 --> 02:10.530 So this is a minimum of five tax returns per year instead of just one. 02:11.090 --> 02:14.690 And it's all part of the digital, of course we know that means 02:14.690 --> 02:20.050 tax scheme that takes effect as of April coming up. 02:20.050 --> 02:26.930 So you've really only got a month and probably five weeks really to get this ready. 02:27.190 --> 02:28.750 That's what you've got about five weeks. 02:28.970 --> 02:30.230 They haven't advertised it. 02:30.310 --> 02:35.050 What a surprise, probably because they want to catch a lot of people out. 02:35.290 --> 02:39.970 Therefore you don't get that leeway that you normally get with your tax returns. 02:40.610 --> 02:46.930 So when it comes to all of this, they're saying that the bureaucracy level is now a lot worse. 02:46.930 --> 02:49.410 The forms are a lot worse as well. 02:50.190 --> 02:54.530 If you are VAT registered as well, that's four returns a year. 02:54.890 --> 03:02.410 It says this person is now filing 19 returns next year because both of them are registered as well as VAT. 03:02.950 --> 03:04.050 So they're going to have to do 19. 03:04.510 --> 03:05.450 This is one couple. 03:05.710 --> 03:08.710 They're plumbers, they're business partners who are plumbers. 03:08.810 --> 03:12.810 It says they have to now do 19 tax returns per year. 03:13.950 --> 03:18.390 This is why I keep saying we need obviously a new government. 03:18.570 --> 03:20.490 I think everyone agrees on that anyway. 03:20.970 --> 03:22.070 But we've got to have a new government. 03:22.870 --> 03:28.390 And it's interesting what's happening over the last week with reform and restore. 03:28.690 --> 03:30.970 I was just reading over some of the policies this week. 03:31.470 --> 03:38.750 And it's quite interesting to me that as soon as restore have said mass deportations and all this other stuff. 03:39.030 --> 03:41.090 Now all of a sudden reform are going to come out. 03:41.090 --> 03:42.890 I think it's going to be today when this comes out. 03:43.290 --> 03:45.870 And they're going to say exactly the same policy. 03:46.170 --> 03:51.190 So, you know, however it happens, I think it's going to be the same net result as this is going through. 03:51.530 --> 03:57.650 But yeah, we do need a new UK government that I mean they and I'll tell you the irony of this. 03:57.730 --> 03:59.970 I want to show you this and I had to confirm this as well. 04:00.070 --> 04:01.110 So I've got this confirmed. 04:01.270 --> 04:01.470 Okay. 04:02.050 --> 04:03.070 You won't even believe it. 04:04.070 --> 04:04.630 Okay. 04:04.910 --> 04:13.010 So I confirmed it with GROC because I don't use chat GPT anymore because it is absolutely the stuff chat GPT says is insane. 04:13.430 --> 04:14.390 So this is it. 04:14.630 --> 04:17.150 HMRC's accounts have not. 04:17.550 --> 04:17.810 Okay. 04:17.910 --> 04:29.390 They've not balanced in 20 years due to material levels of fraud and error, particularly in areas like tax credits and benefit expenditure. 04:29.390 --> 04:30.110 Okay. 04:30.210 --> 04:34.510 So the fraud is 4.6 billion pounds. 04:34.670 --> 04:39.530 This is the 14th consecutive year that the books have not balanced. 04:39.670 --> 04:41.570 So this is HMRC. 04:41.790 --> 04:48.550 They're telling you you have to do all these tax returns and yet they haven't balanced their own accounts in 14 years. 04:48.770 --> 04:52.330 What about DWP, the Department for Work and Pensions? 04:52.330 --> 04:59.170 This has been 37 years that they haven't been able to do their accounts. 04:59.830 --> 05:04.650 They have 9.31 billion out. 05:04.830 --> 05:07.550 They can't account for this 9.3 billion. 05:08.150 --> 05:11.570 The Cabinet Office as well, 7 billion. 05:11.810 --> 05:16.030 This is the second year that they can't account for all of this money. 05:16.030 --> 05:22.690 And yet they're telling you that you have to do it accurately or you get fines. 05:23.450 --> 05:26.350 I mean, ladies and gentlemen, you cannot make this up. 05:26.390 --> 05:27.430 We need a new government. 05:27.870 --> 05:30.130 We need all this bureaucracy to be gone. 05:30.250 --> 05:35.830 We need a fresh start, cut all the red tape, cut all the regulations, cut the taxes. 05:36.330 --> 05:38.030 This is what we need. 05:38.130 --> 05:44.850 Otherwise, you're going to see more and more people fleeing the country and it's only going to get worse. 05:44.850 --> 05:48.250 And as I've said so many times, the government is clueless. 05:48.770 --> 05:49.810 Do you remember that time? 05:50.430 --> 05:57.330 Was it Keir Starmer or was it his right hand lady, Angela Rainer at the time? 05:57.710 --> 06:02.490 One of them said about, well, it doesn't matter that all these British people are leaving 06:02.490 --> 06:05.370 because we've got loads more coming in. 06:05.690 --> 06:07.390 There's loads of migration coming in. 06:07.790 --> 06:11.730 That tells you how clueless they are because they don't understand GDP per capita. 06:12.890 --> 06:18.850 Someone coming in from some country with no qualifications and has no way to contribute to a country 06:18.850 --> 06:23.690 is not the same as someone that, say, a doctor or a nurse or someone like that 06:23.690 --> 06:27.730 who's fleeing to Australia because they can earn a lot more money. 06:28.270 --> 06:30.270 But they never tell you these things. 06:30.350 --> 06:34.430 They just say all of this nonsense because they think the average person is stupid 06:34.430 --> 06:36.370 when I know that you are not. 06:36.610 --> 06:39.950 You are actually very intelligent and awake people. 06:39.950 --> 06:43.950 And by the way, if you're not subscribed to the channel here, please subscribe. 06:44.170 --> 06:44.750 It's free! 06:45.350 --> 06:46.410 Yeah, subscribe. 06:46.930 --> 06:50.930 It doesn't cost you a penny and you can join like-minded people 06:50.930 --> 06:54.810 and listen to this sort of stuff I live stream regularly 06:54.810 --> 06:57.570 and this is what I talk about, common sense stuff. 06:58.190 --> 06:59.810 So definitely subscribe. 07:00.350 --> 07:04.490 Now I wanted to go back to a couple of things with the article then. 07:04.930 --> 07:07.590 And this is what I found baffling about it. 07:08.350 --> 07:13.230 The big businesses though in the UK don't have to do any of this. 07:13.430 --> 07:16.810 They only have to file one single tax return. 07:17.290 --> 07:17.750 That's it. 07:18.170 --> 07:24.530 One tax return for the big companies, but nine to nineteen for the little guys. 07:25.110 --> 07:26.090 It's a disgrace. 07:26.390 --> 07:27.270 It really is. 07:27.630 --> 07:32.250 It talks about oil giant shell, HSBC, AstraZeneca. 07:32.730 --> 07:34.710 One tax return per year. 07:34.710 --> 07:39.850 That's all they need to do and how much of that tax is actually paid is the other question. 07:40.770 --> 07:42.210 But this is even worse. 07:42.490 --> 07:44.730 They're going to be reducing the threshold for you. 07:45.510 --> 07:48.250 Next April it's going to be dropped to 30,000. 07:48.570 --> 07:51.230 And then from the year after it's 20,000. 07:51.310 --> 07:56.170 So if you sell your car or something for 20,000, you know, 07:56.570 --> 08:00.030 because by that time we'll probably be seeing a lot more inflation. 08:00.310 --> 08:01.610 Or is it going to be deflation? 08:01.610 --> 08:03.870 That is the question, isn't it? 08:04.090 --> 08:06.630 With the AI and things like that. 08:07.030 --> 08:08.730 And we'll come on to jobs in a moment actually. 08:08.810 --> 08:11.990 I want to talk about graduate jobs and the shock that's happening there. 08:12.410 --> 08:15.890 But it's saying in this report, the people who are going to be most affected 08:16.410 --> 08:20.650 are builders, plumbers, electricians, drivers, self-employed people. 08:21.130 --> 08:26.730 It could take them up to 30 hours per year to file these returns themselves. 08:27.590 --> 08:29.010 They're going to have to do a lot of it themselves. 08:29.010 --> 08:32.210 If they don't, they're going to face massive fines. 08:32.870 --> 08:36.050 It says also VAT, they have to do their VAT returns. 08:36.430 --> 08:38.010 There's going to be a massive shake-up. 08:38.530 --> 08:39.790 Now you know what I thought was interesting? 08:40.330 --> 08:41.570 And we talked about this before. 08:42.310 --> 08:46.130 Income tax was only supposed to be a temporary measure 08:46.130 --> 08:48.710 to pay for the Napoleonic Wars. 08:49.250 --> 08:49.830 That was it. 08:50.310 --> 08:52.090 It was a temporary measure. 08:52.590 --> 08:55.390 And well, it then became permanent. 08:56.170 --> 08:56.770 When was that? 08:56.770 --> 08:59.070 It was back in the 80s. 08:59.110 --> 09:00.170 It became permanent. 09:00.650 --> 09:04.290 So what, 40 years later, it's still with us. 09:04.870 --> 09:08.070 I mean, it was never supposed to be like this, any of this stuff. 09:08.570 --> 09:11.850 So the government has actually announced that the making tax digital 09:11.850 --> 09:17.070 is going to reduce the 47 billion black hole, which we know is a lie 09:17.070 --> 09:19.570 because it's come out that it's a lie. 09:19.970 --> 09:24.570 So they said it's going to help reduce the 47 billion pound tax gap, 09:24.570 --> 09:30.310 the black hole, and it's going to hold small businesses to account. 09:31.250 --> 09:33.190 Well, they love this word, don't they? 09:33.190 --> 09:34.670 They're going to hold you to account. 09:34.970 --> 09:39.110 But who's going to hold them to account when they can't even balance their own books? 09:39.530 --> 09:44.130 It's said as well that most people are going to need to now seek professional help 09:44.130 --> 09:46.210 because they won't be able to do it themselves 09:46.210 --> 09:50.090 because of the advanced software and the new reporting. 09:50.390 --> 09:53.370 So this is going to add a lot more costs as well. 09:53.370 --> 09:56.670 And by the way, if you are struggling with anything like that, 09:56.830 --> 10:00.650 just to remind that I have a lot of finance courses that you can find. 10:00.770 --> 10:01.690 I'll leave a link below. 10:01.910 --> 10:04.670 We're doing sales on the finance courses as well, 10:04.770 --> 10:06.370 trying to help as many people as possible. 10:06.750 --> 10:08.530 So we've got the investing courses. 10:09.110 --> 10:09.930 You just click this button. 10:10.070 --> 10:12.430 It will show you the stock market investing, 10:12.650 --> 10:15.870 gold and silver, and there's advanced programs as well. 10:16.070 --> 10:21.290 Or if you're in the camp where you need more income, there is cash flow courses. 10:21.290 --> 10:25.450 So that shows you rapid cash flow builder, how to actually build up cash flow, 10:25.870 --> 10:30.630 the psychology of wealth accumulation done with top psychologists from around the world. 10:31.130 --> 10:35.670 Or there's even credit and debt programs as well to help you there. 10:35.910 --> 10:39.190 All come with a 30-day money-back guarantee. 10:40.030 --> 10:41.110 So check that out. 10:41.590 --> 10:44.950 It's actually over 8,500 students now then. 10:45.010 --> 10:47.430 So you can look at some of the testimonials. 10:47.430 --> 10:52.390 Okay, so the next one then, this is a similar one talking about the... 10:52.390 --> 10:53.150 In fact, let's move on. 10:53.290 --> 10:57.750 I want to actually move on because some of the articles are quite similar here. 10:58.050 --> 11:00.770 But I want to move on to another one. 11:01.250 --> 11:02.510 And that was around... 11:02.510 --> 11:07.490 Okay, this is going to affect 3 million people 11:07.490 --> 11:09.770 because it wants to bring in, and I quote, 11:10.270 --> 11:15.270 lower income individuals into the system to make the system more equitable. 11:15.770 --> 11:17.270 Why do they keep using this word? 11:17.430 --> 11:20.430 And how is it more equitable to bring people in 11:20.430 --> 11:25.090 who don't earn a lot of money and they're self-employed to bring them into the system? 11:25.350 --> 11:26.370 That's not equitable. 11:26.890 --> 11:28.190 It's like saying, oh, it's more fair. 11:28.550 --> 11:31.590 It's not good for those people at all. 11:33.410 --> 11:35.090 I think it's really disgusting. 11:35.310 --> 11:36.030 I really do. 11:36.150 --> 11:37.750 I think it's a shame. 11:37.930 --> 11:41.170 A lot of these people as well are not going to be able to do these tax returns. 11:41.170 --> 11:48.170 Not everyone is really advanced on this sort of stuff with accounting and things like that. 11:49.970 --> 11:53.410 You've got to have the experience in it. 11:53.470 --> 11:56.750 And especially if they're saying it's going to be more complicated now. 11:57.330 --> 12:00.010 And they say you've got to use this commercial software. 12:00.130 --> 12:02.130 You can't use off-the-shelf software. 12:02.610 --> 12:05.290 And it's saying as well there's going to be changes. 12:05.290 --> 12:09.650 So it's going to be calculated based on the turnover, not profits, 12:09.990 --> 12:12.930 for those people who it was calculated on profits before. 12:14.450 --> 12:17.850 I've got to show you this because you won't believe if I don't show you it. 12:18.350 --> 12:19.310 Who is exempt then? 12:19.830 --> 12:23.210 Well, people who don't have a national insurance number. 12:24.450 --> 12:30.390 Why if you are a British citizen, would you not have a national insurance number? 12:31.450 --> 12:32.870 That's a big question. 12:33.010 --> 12:34.970 I think we should leave a comment on. 12:34.970 --> 12:36.110 Please drop a comment below. 12:36.850 --> 12:38.170 And then limited companies. 12:38.410 --> 12:42.250 So limited companies as well as people who don't have... 12:42.250 --> 12:45.090 It's amazing, isn't it? 12:45.210 --> 12:46.750 The way they're going on now. 12:47.410 --> 12:48.470 Does it have to be accurate? 12:48.670 --> 12:49.250 Yes, it does. 12:49.850 --> 12:51.010 You've got to be accurate. 12:51.130 --> 12:52.490 Otherwise, where is it? 12:52.650 --> 12:53.510 It talks about fines. 12:53.990 --> 12:55.110 What happens if you don't do it? 12:55.610 --> 13:01.010 Well, you're going to get a £200 fine when you reach four penalty points. 13:01.510 --> 13:03.710 Yes, indeed, four penalty points. 13:03.710 --> 13:05.070 So what are people saying? 13:05.750 --> 13:10.710 Well, a lot of those who are self-employed are retiree age or they're older. 13:11.030 --> 13:13.430 And they did this big survey and they said, what are you going to do? 13:13.810 --> 13:20.830 And a lot of them said they'd rather retire and quit than fill in nine tax returns a year. 13:21.110 --> 13:22.070 That's what they've said. 13:22.210 --> 13:23.610 They don't want to do it. 13:24.630 --> 13:25.370 Moving on. 13:26.430 --> 13:27.910 It makes me angry. 13:28.050 --> 13:28.670 It really does. 13:29.310 --> 13:30.550 This is out of the times. 13:30.790 --> 13:33.110 Graduate jobs fall by a quarter. 13:33.110 --> 13:38.990 So 25% in the worst job market for 13 years. 13:39.550 --> 13:42.750 And without even going through the article here, 13:42.770 --> 13:46.750 I can tell you what they're going to be talking about and what's going to happen here. 13:47.170 --> 13:51.490 Because as soon as you have just think, who is now competing? 13:51.650 --> 13:55.690 Let's say you graduated two or three years ago. 13:55.770 --> 13:58.590 So you graduated 2023, 2024. 13:59.430 --> 14:00.870 If you haven't got a job right now, 14:00.870 --> 14:07.170 you're now competing with the people who are graduating 2026 or the ones in 2025. 14:08.010 --> 14:10.190 If you're an employer, who are you going to take? 14:10.550 --> 14:15.870 Someone who's fresh out of university or someone that graduated a year or two ago 14:15.870 --> 14:20.710 and has been working in a coffee shop and hasn't been getting that experience. 14:21.090 --> 14:23.790 It's just not fair on those graduates. 14:24.130 --> 14:29.650 And I blame partly the government, partly some of the universities, big money making scheme here. 14:29.650 --> 14:38.470 Because they're not helping people to know what's going to happen with AI. 14:39.350 --> 14:41.690 We know we've talked about it over and over on the channel. 14:42.190 --> 14:44.810 I created the rapid cash flow program for you. 14:45.170 --> 14:47.250 And then I've got the new program coming out. 14:47.290 --> 14:48.790 I think it's going to be on the 8th of March. 14:48.990 --> 14:52.230 And I'm just letting you know now because so many people keep asking 14:52.230 --> 14:56.130 when is the new program coming out, which is going to incorporate AI. 14:56.490 --> 15:00.390 So it's going to teach you all the digital business with AI. 15:01.130 --> 15:05.470 And it's going to future-proof you for at least five to seven years, if not 10 years. 15:05.910 --> 15:09.330 I'm trying to do it with the aim of it, future-proofing you for 10 years. 15:09.450 --> 15:12.010 But let's just say minimum five to seven years. 15:12.610 --> 15:18.250 And I think much further than that, it's going to be hard to see into the future. 15:18.370 --> 15:23.470 So that will be coming out very shortly, all about digital income mastery. 15:23.730 --> 15:24.770 So that will be coming out soon. 15:24.770 --> 15:26.270 But yeah, it is a shame. 15:26.510 --> 15:29.610 I think it's tragic for all of the graduates. 15:29.930 --> 15:30.610 What's happened then? 15:30.710 --> 15:31.770 It's just unreasonable. 15:32.130 --> 15:34.270 It's not fair because they're not being equipped. 15:34.990 --> 15:38.850 And even now, I was looking and I speak to people all the time, of course. 15:39.510 --> 15:42.610 And I see that some of these university courses are not even changing. 15:43.210 --> 15:45.830 They're not saying, OK, we're going to incorporate all of this AI. 15:46.210 --> 15:49.870 And actually, sorry, by the time your course is finished in a couple of years, 15:49.870 --> 15:54.990 your job is not even going to be there because AI will be doing it. 15:55.930 --> 15:56.830 It's really sad. 15:56.910 --> 16:00.810 But let me know what you think about what I just said here. 16:01.870 --> 16:03.370 A couple of other things then. 16:03.590 --> 16:07.030 We've got some charts, if you want to see the charts on it as well. 16:07.650 --> 16:09.950 More applicants, fewer spots. 16:10.350 --> 16:15.570 So you can see the applicants level here is just exploding, almost 63,000. 16:15.950 --> 16:18.150 But look at the recommendations for appointment. 16:18.150 --> 16:21.950 It's dropping, dropping in a big way. 16:22.590 --> 16:29.170 72,000 applications, only 754 were recommended for appointment. 16:29.890 --> 16:32.450 This, ladies and gents, is very worrying indeed. 16:33.390 --> 16:36.850 The High Flyers report, this was the graduate market in 26, 16:37.670 --> 16:43.510 said the top 100 employers together recruited 7,000 fewer graduates 16:43.510 --> 16:48.690 than they did in each of the three years previously. 16:49.150 --> 16:53.190 And they forecast that this is going to fall by another half a percent this year. 16:54.090 --> 16:55.910 This is fierce competition. 16:56.390 --> 17:00.070 And of course, it's causing wages to stagnate as well. 17:00.130 --> 17:04.470 Because if you've got a lot of competition for the same jobs, 17:04.690 --> 17:08.150 you're also competing with the older generation as well. 17:08.630 --> 17:12.490 These are people that maybe haven't got enough money for retirement at the moment. 17:12.490 --> 17:14.890 So they're competing with the graduates as well. 17:15.290 --> 17:18.890 And you're going to see less and less jobs for a period. 17:19.250 --> 17:23.870 It will flip, of course, once AI robotics and other things get underway 17:23.870 --> 17:26.310 and more people get trained in these things. 17:26.410 --> 17:30.150 But as of right now, you are going to see less and less. 17:30.310 --> 17:32.710 You're going to see layoffs. 17:32.830 --> 17:35.770 You're going to see a lot of layoffs at the same time. 17:35.850 --> 17:40.210 So there's a lot going on here really is quite concerning. 17:40.210 --> 17:44.550 And then we've seen a lot of these reports as well over and over again. 17:45.190 --> 17:48.250 Major UK lender plunges into administration. 17:48.610 --> 17:50.290 They've been in business since 2006. 17:51.510 --> 17:53.130 Billions that they lend. 17:53.410 --> 17:55.050 This is also just collapsed. 17:55.570 --> 17:58.690 We've got all these announcements on the energy price as well today. 17:58.810 --> 18:03.870 So the Guardian food producers are sounding the alarm on rising energy prices. 18:04.410 --> 18:08.710 Look at this 40% of businesses to cut back investments. 18:08.710 --> 18:10.750 This is a new report just come out. 18:11.790 --> 18:15.390 And they say, you know, they keep saying all this stuff like ministers are shocked. 18:15.570 --> 18:16.310 The government shocked. 18:16.870 --> 18:17.630 Why are they shocked? 18:18.170 --> 18:19.170 Are they are they fools? 18:19.770 --> 18:22.770 Can they not see that if you ramp up all this stuff? 18:23.010 --> 18:24.530 And do you know what they said the solution is? 18:24.790 --> 18:26.890 We've got it here in black and white somewhere. 18:27.490 --> 18:30.670 They said the solution is a faster integration of net zero. 18:32.050 --> 18:33.190 Oh my goodness. 18:33.690 --> 18:34.770 I mean knock knock. 18:35.370 --> 18:35.710 Hello. 18:36.370 --> 18:37.930 Somebody help these people out. 18:37.930 --> 18:48.530 A fast net zero and the sanctions on energy is what's caused the UK to have the most expensive energy in the world. 18:48.750 --> 18:52.670 So they think a good idea is to ramp up net zero. 18:53.070 --> 18:55.010 Cut down on all the gas and oil. 18:55.810 --> 19:00.970 Cut down on all the cheap energy and ramp up all the expensive net zero. 19:01.070 --> 19:03.990 I mean you can't make up this stuff ladies and gents. 19:03.990 --> 19:07.670 They really have no idea what they're doing. 19:09.130 --> 19:09.630 Truly. 19:10.590 --> 19:12.130 And the deficit is huge. 19:13.470 --> 19:15.110 250 billion pounds. 19:15.450 --> 19:18.110 Now, again, they say that net zero is the solution. 19:18.370 --> 19:19.190 They are clueless. 19:19.670 --> 19:21.130 Haven't got a clue what they're talking about. 19:22.030 --> 19:24.290 And yeah, it's worrying. 19:24.530 --> 19:24.990 It really is. 19:25.330 --> 19:26.850 So thank you for being a subscriber here. 19:26.950 --> 19:29.170 Ladies and gentlemen, really appreciate you. 19:30.090 --> 19:31.430 Apart from that, thanks a lot. 19:31.430 --> 19:31.910 Take care. 19:32.030 --> 19:34.730 God bless and I'll see you on the next video.