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UK productivity lowest since 2008: Osborne & Tories are failing
- Thread starter gregbrighton
- Start date
gordonchas
New member
- Jul 1, 2012
- 230
Thank you for your link. As soon as I saw that the author of it is Richard Murphy my heart sank.
if you look at the source material for Public Sector Net Borrowing you will see a different pattern,
Up until the 1970s there was very little net borrowing at all. It made no difference who was in power. In the 1970s this changed. By the time 1979 came round borrowing under the Callaghan government was 8.7 billion per year. This remained reasonably constant until the end of 80s when there were net repayments again.
Following the ERM disaster of John Major and Norman Lamont much higher borrowing was needed, to a high of 51.6m in 1994.. This was swiftly brought down.
However, it's the Blair government from 1997 that gets the benefit in Murphy's statistical analysis of following Tory spending plans for the first two years (net repayments). Promising to keep to Tory spending plans was one of the main reasons they won the 1997 election.
Following the -17.1 (net repayment of 2000-1) net borrowing then followed this progression up the the 2008 crash: 0.5, 26.7, 31.5, 43.7, 41.6, 37.1, 40.9.
There was no recession in those years to blame for the high borrowing.
Without context, the whole Murphy analysis is seriously flawed.
http://researchbriefings.files.parliament.uk/documents/SN05745/SN05745.pdf
I'm on the left. Your caracature of me is laugable. I suppose you're sewing swastikas on your tory pin stripe suit before going out for a night of gypsy bashing and a spin in your baby Bentley . . . .
Diego Napier
Well-known member
- Mar 27, 2010
- 4,416
Anyone who uses the phrase "the permanently offended and outraged left" reveals a sadly simplistic view of the world; an accusation that could be equally levelled at the similarly trite "the inherently greedy and smug I'm all-right-Jack right".
Of course, going on to state "you need to consider better" would rather emphasise a superciliously smugness.
Shropshire Seagull
Well-known member
How would the ships in the Naval Dockyards at Portsmouth and the Isle of Wight ferries get out to sea?
Swing bridge / Tower bridge style perhaps - minor detail .....
Shropshire Seagull
Well-known member
There will junctions along the way - defo at Newhaven, Rottingdean, Marina, Lagoon, Worthing etc. you get the idea ....
Bit like the M1 London to Leeds - not many people drive end to end, but hop on and off to suit.
Will probably need to be a toll road like M6 toll to pay for sea damage too.
- Apr 13, 2015
- 3,471
Fook right off you sad excuse for a human being....I'm on the left. Your caracature of me is laugable. I suppose you're sewing swastikas on your tory pin stripe suit before going out for a night of gypsy bashing and a spin in your baby Bentley . . . .
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- Apr 13, 2015
- 3,471
More sleep inducing, substance absent rhetoric you once heard in a student union bar.
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Diego Napier
Well-known member
- Mar 27, 2010
- 4,416
Thanks for the confirmation, it really wasn't necessary.
glasfryn
cleaning up cat sick
Hampster Gull
New member
- Dec 22, 2010
- 13,462
Good post, this will get the rabid left foaming
......and get the relaxed, slightly pink, shrugging. I see no party-related trend in the graphs in the pdf. The most obvious divergence from gentle trends in recent times is the effect of the American sub prime lending fiasco. Loath the false grinning hopeless weirdo, Brown, as one may, it would take a mental contortion to blame that on him. No, the bloody hand of the red Satan is no more real than the face of Jusus on the Turin Shroud.
If it were so obvious that labour destroys everyone's wealth whenever they get in, they'd never get in. Likwise, if it were true that every small working class boy has to sweep chimneys to feed the family whenever the tory's get in, they'd never get in either. Our politics is much more nuanced, no matter how hard the committed may contort themselves to prove otherwise.
With respect to the terminally committed obsessive party politicos, this latest volley of statistics seems like yet another enormous return in speculation from a small investment of fact.
- Aug 7, 2003
- 7,800
Yes, it would be a minor detail to get an aircraft carrier under a motorway
- Apr 13, 2015
- 3,471
I would look back at your post to establish which one of us is a koont... your post was vile and inexcusable... think again boy.
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- Apr 13, 2015
- 3,471
You have to resort to fraudulent alteration of others' posts to even get close to making a valid point..... we'll done you infant.
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glasfryn
cleaning up cat sick
boy, I have been around a long time, your language proves my point, maybe you would like to quote the post you speak of,actually don't bother its easier to put you on the ignore list
- Apr 13, 2015
- 3,471
Diego Napier
Well-known member
- Mar 27, 2010
- 4,416
Oh get real you pompous flathead. As unbelievable as it may sound, one of your posts on this thread was facile enough to attract Das Reich's thumb. Talk about losing any shred of credibility.
- Apr 13, 2015
- 3,471
Unlike you and your flaccid attempts to ingratiate yourself with the 'right on' socialist not so bright young things, on this and probably other boards, I don't give a rats arse for popularity and notoriety from an anonymous digital platform..... I prefer real people.Oh get real you pompous flathead. As unbelievable as it may sound, one of your posts on this thread was facile enough to attract Das Reich's thumb. Talk about losing any shred of credibility.
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Diego Napier
Well-known member
- Mar 27, 2010
- 4,416
No you're just confirming your silliness