Mine? Perhaps you need to read the news. It's headlines all over the UK, Europe and beyond boyo. We are officially a laughing stock thanks to the quitters.
Wage growth in the G20
- Thread starter JohnD
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Why pretend? Got to be better than your current miserable life?
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We have had a lost decade of economic output. Sure GDP has risen but the effects have been unequal. The reasons are many -
Global Recession
Falling Pound
Rising Energy prices
Austerity Policies
Weak Productivity
Weak Business Investment
Changing work profiles
You would be hard pressed to name one single factor but it's a confluence of factors. Austerity as a policy was needless and not required, when AD is falling you shouldn't cut spending. I agree when the economy is booming to cut back - it makes sense but now when AD fell.
Global Recession
Falling Pound
Rising Energy prices
Austerity Policies
Weak Productivity
Weak Business Investment
Changing work profiles
You would be hard pressed to name one single factor but it's a confluence of factors. Austerity as a policy was needless and not required, when AD is falling you shouldn't cut spending. I agree when the economy is booming to cut back - it makes sense but now when AD fell.
Why pretend? Got to be better than your current miserable life?
Well as you suffer from head in sand syndrome I was hoping you might tell me ?
The UK has low productivity compared to many others.
What do you think is the cause?
Is it because the UK has higher level of services making up its gdp, and its difficult to measure.
Is it lack of investment
Poor education abd lack of management training?
Is it a direct result of government?
I dont know the answer, Im just wondering if its a real problem and if so, where the solution lies.
Yes.
D
durhamplumber
Top line,so true.If you could generate power from moaning we would not need oil,just harness the remoaners
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Some of the above. The best way to describe it as a productivity puzzle. We have areas of concentrated productivity in London, South East and a few major cities but then large swathes of low productivity regions.
We need better regional policies and not have a London or South centric approach.
It is a REAL problem and a huge one but the only real organisation that can marshall the resources to make an impact is Government. The private sector cannot improve TFP on it's own.
https://www.bankofengland.co.uk/-/m...n-productivity-growth-causes-and-implications
Nice long read I am sure will get any insomniac to sleep. Perhaps its just me but I do love a pdf report.
We might get a change of government soon, but with the Brexaster knocking 6% to 8% off GDP, we'll only improve things by changing priorities. We'll be lucky even to stand still, not much chance of getting better.
Strange that the country is better off now than it was in 1948, but can't afford decent public services.
As notch and dum might have said, perhaps we should blame 45 years of carping and moaning from the grumbling anti-european brigade.
Strange that the country is better off now than it was in 1948, but can't afford decent public services.
As notch and dum might have said, perhaps we should blame 45 years of carping and moaning from the grumbling anti-european brigade.
D
durhamplumber
As remoaners
D
Deleted member 63160
This 9% off, in a no deal scenario, is it 9% off growth or off total gdp??
For the avoidance of doubt, I did not say that, nor might have done.
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When has UK growth ever been 9% in your lifetime. A Hard Brexit will hurt the economy both short and long term ergo Rees Mogg quote we will need 50 years to see the benefit!
D
Deleted member 63160
Is it for instance growth would have been say 3% over a given period and is lowered by 9% to 2.73% over said period or is it literally 9% off GDP? I can't believe a clever chap like you didn't understand the question.
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