Is it PotG?
Thrifty non-licker
A bit more punchy than Education, Education, Education
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[Politics] Growth, Growth, Growth
- Thread starter Is it PotG?
- Start date
LamieRobertson
Not awoke
EFL starts this Friday…EPL the following Friday…..thank f***
nicko31
Well-known member
One country has sanctions imposed on itself by the rest of world
One country has sanctions imposed on itself by the itself
Wonder which 2 countries these would be?
B-right-on
Living the dream
It's a FORECAST. Have you ever looked at them in the past? Every country and company upgrades and downgrades it's forecast about as many times as Zaha dives. Especially now in this current climate too. OCED is no different.
It's a general idea but by far set in stone. Also very political.
It's a general idea but by far set in stone. Also very political.
nicko31
Well-known member
If we don't want to look forward, we couldn't always look back. But I still prefer to look forward
The reason, apparently, was explained back in 2012, by Liz Truss, among others:
“Once they enter the workplace, the British are among the worst idlers in the world. We work among the lowest hours, we retire early and our productivity is poor.
The MPs – Kwasi Kwarteng, Priti Patel, Dominic Raab, Chris Skidmore and Elizabeth Truss – want Mr Cameron to adopt a more right-wing agenda of tax cuts and weaker labour laws."
That's what these Right-wing headbangers always mean with their populist calls to 'slash red-tape' or cut bureaucracy - yet more attacks on employment protection and workers' rights, and more precarious low-quality tenancies for renters, and even more power for swaggering bosses and rapacious rip-of landlords.
What all the Tory leadership contenders have pledged over the last fortnight is simply more of the same policies that have polarised and fragmented Britain over the last 40 years, and left the world's 5th or 6th richest nation with record levels of inequality, millions unable to afford to buy a family home, millions of workers reliant on top-up welfare benefits due to poverty wages paid by companies that pay their CEOs and shareholders £ millions, growing numbers of people reliant on food banks, and many pensioners forced to choose between eating or heating.
We'll be told that growth depends on people working harder, which in turn will apparently make them better-off, but workers must have learnt by now that however hard they work, they receive the same wage or salary; the rewards of their hard work go to those at the top.
The whole system is rigged against ordinary people; Britain is not a democracy, but a plutocracy.
“Once they enter the workplace, the British are among the worst idlers in the world. We work among the lowest hours, we retire early and our productivity is poor.
The MPs – Kwasi Kwarteng, Priti Patel, Dominic Raab, Chris Skidmore and Elizabeth Truss – want Mr Cameron to adopt a more right-wing agenda of tax cuts and weaker labour laws."
That's what these Right-wing headbangers always mean with their populist calls to 'slash red-tape' or cut bureaucracy - yet more attacks on employment protection and workers' rights, and more precarious low-quality tenancies for renters, and even more power for swaggering bosses and rapacious rip-of landlords.
What all the Tory leadership contenders have pledged over the last fortnight is simply more of the same policies that have polarised and fragmented Britain over the last 40 years, and left the world's 5th or 6th richest nation with record levels of inequality, millions unable to afford to buy a family home, millions of workers reliant on top-up welfare benefits due to poverty wages paid by companies that pay their CEOs and shareholders £ millions, growing numbers of people reliant on food banks, and many pensioners forced to choose between eating or heating.
We'll be told that growth depends on people working harder, which in turn will apparently make them better-off, but workers must have learnt by now that however hard they work, they receive the same wage or salary; the rewards of their hard work go to those at the top.
The whole system is rigged against ordinary people; Britain is not a democracy, but a plutocracy.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,993
trouble with this old trope is productivity and regulation are not directly related. regluations affect the costs of doing business, while labour are another cost. where there is overlap, regulations affecting productivity, if we compare others in europe they have the same regulations, so that should be net zero difference (unless we are applying them more strictly). fact is we are lower in productivity, ever wonder why?
also for months we've heard we have the highest rate of tax since 19.. something, so the tax cuts arent happening. those are a combination NI (for the much needed social care) which was offset with higher allowance, fiscal drag on higher rate (not increasing when 40% kicks in) and corporation tax. legislation has come in making landlord more responsible, more regulations, removed tax breaks.
Nobby Cybergoat
Well-known member
- Jul 19, 2021
- 8,617
Growth isn't the sort of thing you can just magic up.
There's two real plans I can think of which might work. The first and longest term one is to invest massively in education, and especially workplace skills for adults. Accompany that with massive infrastructure spending specifically designed to boost growth. The resulting increase in productivity should yield results in 8 to 10 years.
There's an obvious measure which would boost trade and grow the economy significantly and almost immediately. Liz Truss once thought it was a good idea, though she's changed her position on this in the last 5 years.
There's two real plans I can think of which might work. The first and longest term one is to invest massively in education, and especially workplace skills for adults. Accompany that with massive infrastructure spending specifically designed to boost growth. The resulting increase in productivity should yield results in 8 to 10 years.
There's an obvious measure which would boost trade and grow the economy significantly and almost immediately. Liz Truss once thought it was a good idea, though she's changed her position on this in the last 5 years.
Cowfold Seagull
Fan of the 17 bus
Sounds more like a mantra that the Albion would put out, than the uk government.
That's a load of tosh. Only five European countries have a later retirement age than the UK (Greece, Iceland, Norway, Netherlands and Italy) and we're about halfway in the league table for hours worked (east European countries work longer) We do have one of the worst productivity records in Europe though - 16th among European countries (again, east European countries are worse)
- Aug 24, 2020
- 7,036
You've just lifted my spirits no end !
You can’t grow an economy where most people can’t afford, or can only just afford the basics.
https://inews.co.uk/inews-lifestyle...on-study-1759693?ito=social_itw_theipaper&
This is economics 101, unless people have money in their pockets they can’t spend. Overseeing a decade of stagnant wages, with significant real term cuts for the public sector who are the largest employee grouping in Britain, ends badly. And it’s not just those at the bottom the tide is rising for now.
https://inews.co.uk/inews-lifestyle...on-study-1759693?ito=social_itw_theipaper&
This is economics 101, unless people have money in their pockets they can’t spend. Overseeing a decade of stagnant wages, with significant real term cuts for the public sector who are the largest employee grouping in Britain, ends badly. And it’s not just those at the bottom the tide is rising for now.
Soton Seagull
Well-known member
Economic growth - the world is obsessed with it as the measure of success. Surely you can't keep growing on finite resources? What climate emergency?!
And the trouble with this old trope is that you choose to write in pidgeon English, making it barely legible - but I digress.
Regulations are like taxes, they are indeed a drain on business. Unfortunately though, they are both absolutely necessary. You cannot continue to cut tax because otherwise things stop working. You cannot continue to remove regulation, because otherwise you end up with the nation acting as a giant sweatshop. This, to me, is basic stuff.
So far, we've heard a lot of bullshit about cutting red tape, and so far the biggest change this has made is that untreated shit now flows down our rivers. I'm looking forward -as we all are - to the deregulation of the farming industry so that we can import chlorinated chicken from the US and mistreated animal produce from Australia. And I'm pretty sure any deregulation of the labour market will end up similarly advantageous to us all.
Call me strange, but I just felt things were better when we had the protection of European-wide river, food and Labour regulation. And tax was lower. And food banks weren't necessary. Nobody was calling us lazy back then. Maybe the Tories should just introduce a day for clapping workers to make themselves feel better? It worked a treat for NHS workers.
Peteinblack I am not sure your statement below is correct and I quote
“the British are among the worst idlers in the world. We work among the lowest hours, we retire early and our productivity is poor”
Working hours lowest average working hours is the Netherlands with a 30 hour working week while the longest working hours are found in Greece where the average is 40 hours while the UK is slightly above average at 38 hours per week.
The UK has the second oldest age for state retirement in Europe beaten only by Norway, Greece, Iceland and Italy.
Productivity varies across the EU, with newer Member States reaching only about half the level of the older ones (EU-15) when measured in terms of gross domestic product (GDP) per hour worked, but showing a higher growth dynamic. The UK is in line with the EU27 average but slightly lower than Spain Germany France Nedetherlands Italy Austria Belgium Finland Norway Denmark and Sweden which independent research says reflects investment made by employers in updated plant and machinery as opposed to lazy workers.
“the British are among the worst idlers in the world. We work among the lowest hours, we retire early and our productivity is poor”
Working hours lowest average working hours is the Netherlands with a 30 hour working week while the longest working hours are found in Greece where the average is 40 hours while the UK is slightly above average at 38 hours per week.
The UK has the second oldest age for state retirement in Europe beaten only by Norway, Greece, Iceland and Italy.
Productivity varies across the EU, with newer Member States reaching only about half the level of the older ones (EU-15) when measured in terms of gross domestic product (GDP) per hour worked, but showing a higher growth dynamic. The UK is in line with the EU27 average but slightly lower than Spain Germany France Nedetherlands Italy Austria Belgium Finland Norway Denmark and Sweden which independent research says reflects investment made by employers in updated plant and machinery as opposed to lazy workers.
Machiavelli
Well-known member
That was Liz Truss’ statement, also endorsed by her shag KK. PiB was merely quoting their dreadful tosh.