Rachel Reeves

Rudi Hedman said:
This obsession with GDP growth alone is a big part of our problems. GDP per capita we are about 18th in the world. Paints a different picture, doesn’t it?

Gilt yields are rising and are higher than when Liz Truss was PM. Think about that. Interest rates have been cut by the Bank of England to counteract the big problems in the economy and failing economic decisions by government. It is not a result of economic success, which Rachel Reeves claims with ‘’Stabilising the economy’’ and other stupid buzz words their PR experts advise them to say. ‘’Fixing the foundations.’’ What, by putting people out of work, increasing the national debt and taking us closer to an IMF bailout?

A £22 billion black hole ltgis time last year is now £50 billion. That’s after their election promises that everything was ‘’Fully costed.’’
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Where's France in that stat if you have it?
 
Rudi Hedman said:
About 22nd. I can’t find a full table. Just top 8 and bottom 8 and a country’s position if you google it. Ireland are in the top 8.
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OK, I'm interested because there has been a theme in my paper about our relative lower productivity than France and Germany. And when versus France our productivity was higher with similar population yet in my paper we were deemed less productive, so thanks I'll take a look.
 
Rudi Hedman said:
This obsession with GDP growth alone is a big part of our problems. GDP per capita we are about 18th in the world. Paints a different picture, doesn’t it?

Gilt yields are rising and are higher than when Liz Truss was PM. Think about that. Interest rates have been cut by the Bank of England to counteract the big problems in the economy and failing economic decisions by government. It is not a result of economic success, which Rachel Reeves claims with ‘’Stabilising the economy’’ and other stupid buzz words their PR experts advise them to say. ‘’Fixing the foundations.’’ What, by putting people out of work, increasing the national debt and taking us closer to an IMF bailout?

A £22 billion black hole ltgis time last year is now £50 billion. That’s after their election promises that everything was ‘’Fully costed.’’
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That explains part of the overwhelming desire people have to come to Britain.I think that is good we are hardly on our uppers!
 
beak said:
That explains part of the overwhelming desire people have to come to Britain.I think that is good we are hardly on our uppers!
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You deliberately ignore the difference between UK having the 6th highest GDP and 18th highest GDP per capita. Not only that but you delight in mass immigration that will no doubt make it even worse. Are you a Labour member?

I’m interested to see the countries above the UK in GDP per capita.
 
beak said:
That explains part of the overwhelming desire people have to come to Britain.I think that is good we are hardly on our uppers!
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Yes I’ve seen video interviews on the street with young men who see us as rich and here to provide for them. How lucky we are!
 
Rudi Hedman said:
You deliberately ignore the difference between UK having the 6th highest GDP and 18th highest GDP per capita. Not only that but you delight in mass immigration that will no doubt make it even worse. Are you a Labour member?

I’m interested to see the countries above the UK in GDP per capita.
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I wasn't ignoring it,i chose to accept it. I am not in favour of mass immigration but don't that not at the top of my priorities.
 
Rudi Hedman said:
What you need to find is a line chart of UK GDP per capita over the years. Hopefully with other comparable countries and not just European countries experiencing mass immigration.
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I get the impression that while things aren't great here, we're not alone and France in particular, as mentioned. Ireland does look odd though.
 

GDP first quarterly estimate, UK - Office for National Statistics

First quarterly estimate of gross domestic product (GDP). Contains current and constant price data on the value of UK goods and services.
www.ons.gov.uk

Google picked off this…

Is UK GDP per capita falling?

AI Overview
1756292230903.webp
1756292230908.webp
1756292230911.webp
+2

Yes, UK real GDP per capita, a key indicator of living standards, has recently been falling, with estimates showing a slight fall for 2024 and a period of stagnation or decline since early 2022. While the overall UK economy grew, a faster population increase due to higher immigration has diluted GDP growth per person, resulting in lower living standards.

Key Points
  • Recent Decline:
    Real GDP per head, a proxy for living standards, fell by an estimated 0.1% for the year 2024, according to the Office for National Statistics (ONS).

  • Longer-Term Stagnation:
    The UK has experienced a long period of stagnant GDP per capita, with no growth since the first quarter of 2022, which is the longest run of falls or stagnation since the 1950s.

  • Impact of Population Growth:
    The UK's population grew at the fastest pace in over 75 years between 2022 and 2023, primarily due to higher levels of immigration. This faster population growth meant that the overall economic growth was not enough to raise living standards per person.

  • Productivity Issues:
    The stagnation in GDP per capita is also linked to long-term issues with the UK's productivity, meaning the economy is not producing as much output per hour worked.

  • "Personal Recession":
    Because of the falling GDP per capita, some commentators have described a "personal recession," signifying a downturn in living standards for individuals, even as the overall economy shows some growth.
 
Teddy Eagle said:
France is in a pretty bad situation at the moment.

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I’ll never be surprised if France, Spain, Italy are in economic problems.

France’s welfare system is really generous, but someone’s gotta pay. Unemployment benefits with something like matching last salary. Very generous maternity and paternity holidays and payments. A la carte 3 course school dinners. Although some of these have good intentions, they go a bit too far and cost loads.

Then there’s their ridiculous huge book of employment rules. The worst being rules and costs of complying once a company goes over the size of 49 or 50 employees. Result is companies stay under 50 stopping growth.

But this is France so it’s to be expected.
 
Rudi Hedman said:
I’ll never be surprised if France, Spain, Italy are in economic problems.

France’s welfare system is really generous, but someone’s gotta pay. Unemployment benefits with something like matching last salary. Very generous maternity and paternity holidays and payments. A la carte 3 course school dinners. Although some of these have good intentions, they go a bit too far and cost loads.

Then there’s their ridiculous huge book of employment rules. The worst being rules and costs of complying once a company goes over the size of 49 or 50 employees. Result is companies stay under 50 stopping growth.

But this is France so it’s to be expected.
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I'm in France at the moment and it's fu...it's not cheap. Groceries cost a lot more than Britain and a 20 minute cab journey after 7 pm is €80.
 
Rudi Hedman said:
Too much copying other countries been going on. It’s alright there so it’s alright here. Borrowing and government debt, Covid, immigration - legal and illegal. Europe is being gradually destroyed by those in charge.
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Yep, and why that's happened won't be said out loud.

And there will be no accountability because democracy is mostly myth when it comes to real power.
 
chris123 said:
I'm quite glad we're out.
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I know, all the rejoin stuff seemed to be in almost blissful ignorance of how badly economies are doing in the EU....Germany is in recession and the social/neo liberal parties holding power are using all manner of dirty tactics to remain in power.....much as the US establishment used against Trump.

You'd mention this and they'd just ignore you.

Regardless, the economics in the EU are too bad to keep the right out for long.

Thing is though....It doesn't really matter who gets in because unless they are going to go 'Milei' on their economies nothing is going to work.....I notice how the left wing and neoliberal media have stopped mentioning Milei as what he's done in Argentina has been so successful and they were all predicting his failure.
 
Stirlingsays said:
I know, all the rejoin stuff seemed to be in almost blissful ignorance of how badly economies are doing in the EU....Germany is in recession and the social/neo liberal parties holding power are using all manner of dirty tactics to remain in power.....much as the US establishment used against Trump.

You'd mention this and they'd just ignore you.

Regardless, the economics in the EU are too bad to keep the right out for long.

Thing is though....It doesn't really matter who gets in because unless they are going to go 'Milei' on their economies nothing is going to work.....I notice how the left wing and neoliberal media have stopped mentioning Milei as what he's done in Argentina has been so successful and they were all predicting his failure.
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He took no s*** and actually did what he said he would. I think even the libs over there are having good times so will struggle to dis the man and his policies in any number. It will go south eventually but I can’t even remember a good time for it to go south from so the feeling is not known !
 
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