- Thread starter
- #2,461
Absolute total nonsense. Do you just make these statements up? From 98 to 2008 the finance sector contributed 6 to 8 percent of the nation's GDP. 8% is not "most".
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General Election 2015
- Thread starter Herr Tubthumper
- Start date
Absolute total nonsense. Do you just make these statements up? From 98 to 2008 the finance sector contributed 6 to 8 percent of the nation's GDP. 8% is not "most".
I'm looking forward to the first post debate polls. I'm sure we'll see even more of Titanic over the next few weeks after last nights effort from Milliband
This
cunning fergus
Well-known member
- Jan 18, 2009
- 4,747
You are demonstrating a woeful lack of understanding about supply and demand in any labour market if you think that there has been no detrimental effect on wages by opening up the UK to the rest of the EU.
If you think that the period where Labour oversaw unprecedented immigration into the UK was so positive for the British people, Ed Miliband would surely be defending their record wouldn't he?
He and Labour don't, and far from it. During last night's debate, and as with Labour's regulation of the banks, yesterday he said "we were wrong".
That's all the evidence that is needed.
As for whether he and the Labour Party have learnt the lesson, I am no so sure........
http://ceftus.org/2012/07/04/message-from-ed-miliband/
I will look forward to you and Ed explaining how the British people will benefit from Turkey's acessation to the EU, no doubt I will read about it in the Manifesto and Ed will share this with the electorate in the run up to 5 May.
If it was positive he will, no?
somerset
New member
Wind your neck in, even Labour acknowledge that entry level hourly rates are not improving, because there us a glut of EU migrants willing and able to work at that level.
11.6% and employed 1.2 million people in 2012, underpinning the economy means lending money for businesses to grow and prosper.
- Thread starter
- #2,466
I was addressing beorthelm's comment which was about the decade prior to the recession. But even using your figure, 11.2 is still not most is it?
I'm not entering this debate because, frankly, I have no idea but you've missed the point twice now as you keep referencing absolute terms, when the initial comment was about growth.
It is perfectly possible for a relatively small sector in absolute terms to be responsible for most growth over a defined period of time.
Guardian/ICM poll for who “won” that debate: Cameron 54%, Miliband 46%. #BattleForNumber10
- Thread starter
- #2,469
S
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb110304.pdf
Chart 2 shows the figures I quoted. And the chart shows "share of GDP accounted for." I took this to be both direct and indirect value to the Uk ie the overall contribution to the UK's economic activity and not the the simple flat absolute figure. If you look at the paragraph below it even talks about this. I understand banks and hard cash do ultimately underpin business, but there are many other factors which also increase growth and have a financial value attached to them when arriving at growth.
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb110304.pdf
Chart 2 shows the figures I quoted. And the chart shows "share of GDP accounted for." I took this to be both direct and indirect value to the Uk ie the overall contribution to the UK's economic activity and not the the simple flat absolute figure. If you look at the paragraph below it even talks about this. I understand banks and hard cash do ultimately underpin business, but there are many other factors which also increase growth and have a financial value attached to them when arriving at growth.
- Thread starter
- #2,470
So, no matter what the economy was doing, growing or contracting, the financial sector was at most only ever contributing a total of 8% to it.
This said, I did once get turned down for a job at ONS.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,310
if i said the Finance sector contributed most of GDP that would indeed be nonsense. i did not say that. the activity of the bankers, with lose monetary policy and relaxed regulation, lit a fire under the economy. meanwhile Brown overspent thinking he had the economic cycle under control.
- Thread starter
- #2,472
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,310
- Thread starter
- #2,474
Obviously. But growth is a simple function of GDP. Either the absolute difference or percent change. My point was that, at most, the finance sector was only ever contributing 8% to the economy during the period you stated. So, no matter which direction the economy was going, growth or contraction, it was only ever contributing 8% at most.
Maybe you can fully explain and reference your information?
Machiavelli
Well-known member
Managed to get in ahead of [MENTION=36]Titanic[/MENTION] with this one. Phew.
Latest Populus VI: Lab 33 (-), Con 31 (-), LD 9 (-), UKIP 16 (-), Greens 5 (-), Others 6 (-).
And this:
http://www.theguardian.com/politics/2015/mar/27/london-labour-gains-general-election-poll
As stated on here many times, it's the marginals that matter as to who ends up as the largest party. Most of the polling information on this still favours Labour.
Latest Populus VI: Lab 33 (-), Con 31 (-), LD 9 (-), UKIP 16 (-), Greens 5 (-), Others 6 (-).
And this:
http://www.theguardian.com/politics/2015/mar/27/london-labour-gains-general-election-poll
As stated on here many times, it's the marginals that matter as to who ends up as the largest party. Most of the polling information on this still favours Labour.
- Thread starter
- #2,476
Psychobilly freakout
HellBilly
Thought I would just put it out in the open and get it off my chest....
Labour are a watered down version of the tories who are going to sell us down the river making a pact with the SNP and that worries me.
Labour are a watered down version of the tories who are going to sell us down the river making a pact with the SNP and that worries me.
- Thread starter
- #2,478
If the nation doesn't want this then vote against it.
Psychobilly freakout
HellBilly
Nah I just like to moan about shit and not do anything about it............
[yt]EucJIl0uonE[/yt]
Oh the Guardian. Well I never!!!