• Existing user of old message board?

    Your username will have transferred over to this new message board, but your password will need to be reset. Visit our convert your account page, to transfer your old password over.

Reform

Starmer claimed yesterday fastest growing economy in G7, where's the BBC fact check
From the erudite mensch Andrew Neil :

"Starmer and Rayner are now regularly claiming UK fastest growing economy in G7. All based on Q1 growth stats. The Tories were rightly castigated for using one quarter to big up their growth claims. It is not a credible metric on which to base anything. Labour will rue the day it is now doing the same. A better year-long measure is to compare the size of the UK economy in Q1 2025 with Q1 2024. On that basis we’ve grown 1.3%, about same as eurozone but worse than America (2%), Canada (2.4%) and Japan (1.7%) in the G7. There’s also the risk that Q1 might be as good as it gets for UK this year "
 
Turns out Nigel’s sums don’t add up.


Imagine my shock.
 
From the erudite mensch Andrew Neil :

"Starmer and Rayner are now regularly claiming UK fastest growing economy in G7. All based on Q1 growth stats. The Tories were rightly castigated for using one quarter to big up their growth claims. It is not a credible metric on which to base anything. Labour will rue the day it is now doing the same. A better year-long measure is to compare the size of the UK economy in Q1 2025 with Q1 2024. On that basis we’ve grown 1.3%, about same as eurozone but worse than America (2%), Canada (2.4%) and Japan (1.7%) in the G7. There’s also the risk that Q1 might be as good as it gets for UK this year "
I have high regard for Andrew Neil and believe his views and opinions to be well thought out and fairly considered.

It's very true that simply taking Q1 growth figures as a measure of our economic success tells us very little.
 
Some of the growth came from businesses acting early to avoid new US tariffs.

'Gwowth' figures I think the whole thing is dubious.

The monthly figures for the 3 months add up to about 0.2% yet the quarterly figure is 0.7%, is it keyboard magic I don't think so, it is just an educated guess in my view, but we have to have something.

Economists don't like monthly figures I agree its a monthly no gain hassle.

And this is based on the previous quarter, so you can have a spectacularly bad economy have a high gwowth figure, and a power-house economy somewhere ticking along having a lower figure.

To compare economies gwowth you must be comparing like for like imo, there needs to be a common base.

😎
 
I don't really think there is a nice way out...bad ideological choices and poor decisions on immigration and budget choices have over decades created a oil tanker of a system that would take decades to turn around.....but that doesn't mean I don't think the system shouldn't try....even though I disagree with some of Trump's choices I can at least tip my hat at someone actually seriously trying to rescue their own national oil tanker and direct it away from an iceberg.

In Britain I think Dominic Cummings makes a cogent observation at a developing consciousness within the right that real action needs to be taken....not the pretense of one, but root and branch removal at all levels of the people responsible within systems for the current plight.

Do I think it works....No....But trying to is god's work.

 
Literally all they have is being a Trump tribute act.

Let's see what they actually propose before criticising. I take it you are not against the principle of saving money.

I saw a Reform interview where they acknowledged that 3/4 of a council's budget is spent on legal obligations so I doubt we are going to see Musk type savings, nevertheless if there is waste it should be cut.

I have suggested on here before how multiple councils could merge their back offices into regional service centres something that the private sector did years ago.
 
Let's see what they actually propose before criticising. I take it you are not against the principle of saving money.

I saw a Reform interview where they acknowledged that 3/4 of a council's budget is spent on legal obligations so I doubt we are going to see Musk type savings, nevertheless if there is waste it should be cut.

I have suggested on here before how multiple councils could merge their back offices into regional service centres something that the private sector did years ago.

Absolutely nothing against the concept. The fact they even call it D.O.G.E. too just shows they literally have no original ideas and no real idea what to do with the little power they have other than be a poor (or even poorer) imitation of the Trump administration.

At least with what is going on in the States and the direction of economic travel, along with ostracising themselves on the world stage, voters will get a chance to see exactly what they will be voting for in the next election.
 
Absolutely nothing against the concept. The fact they even call it D.O.G.E. too just shows they literally have no original ideas and no real idea what to do with the little power they have other than be a poor (or even poorer) imitation of the Trump administration.

At least with what is going on in the States and the direction of economic travel, along with ostracising themselves on the world stage, voters will get a chance to see exactly what they will be voting for in the next election.
People are starting to see what they voted in now. It's kind of the current issue. I haven't heard anyone say anything positive about Starmer and most of my family are lifelong Labour supporters. A couple were high in Trade Unions. I was always Labour myself, until Blair and a local MP let down (closed the hospital) and have been more or less disenfranchised ever since. I won't vote for people just for not being Tory. And I won't vote for namby pamby Liberal whig whatever they are now. I'd vote Reform (and will have a vote) just to shake up the system however. A lot will do that. The Status Quo has f***ed us over worse than Midge Ure was done over by Geldof.
 

Holmesdale Online Shop

Back
Top