uk-living-standards-fall-longest-60-years-records-began-

[SydneyRover]

When will this stop, when will this government get a grip.


http://www.independent.co.uk/news/uk/politics/uk-living-standards-fall-longest-60-years-records-began-economy-household-incomes-costs-energy-a8071146.html

[hoolahoop]

They won't,  they can't- Sydney as mad as it is the Government are fully committed to following the advice of the people . Wherever it takes us.....

[BillyStubbsTears]

When will this stop, when will this government get a grip.


http://www.independent.co.uk/news/uk/politics/uk-living-standards-fall-longest-60-years-records-began-economy-household-incomes-costs-energy-a8071146.html

That report indicates that the UK economy will, by 2022, be £42bn smaller than we thought it would be as recently as this March.

Two points.

The economy will be that much smaller just in that one year. But to get there, it'll be smaller in every year between now and then. So the effect on our national wealth accumulates. and will continue to accumulate into the future, unless somehow we get a huge boost to our productivity. Which no-one at all is predicting.

Those figures are talking about how much poorer we are going to be than we'd thought just 9 months ago. But 9 months ago, we were already accounting for some of the effects of Brexit. The predictions from 9 months ago were also far worse than the predictions from before the Brexit vote. If you add that in, we're looking at the economy in 2022 being something like to £70-80bn weaker than we'd thought it was going to be, pre-Brexit vote. And that is then going to be hard-baked in going forward.

I am at a loss to understand what those who still support Brexit need to see to make them face up to this. It is an unmitigated catastrophe. All you get is head-in-the-sand "experts don't know what they are talking about - these predictions are never right." They are right of course. The previous predictions WERE wrong. They were far too optimistic! The long term consequences of Brexit are actually looking much worse than anyone thought even 9 months ago.

 

[SydneyRover]

When will this stop, when will this government get a grip.


http://www.independent.co.uk/news/uk/politics/uk-living-standards-fall-longest-60-years-records-began-economy-household-incomes-costs-energy-a8071146.html

That report indicates that the UK economy will, by 2022, be £42bn smaller than we thought it would be as recently as this March.

Two points.

The economy will be that much smaller just in that one year. But to get there, it'll be smaller in every year between now and then. So the effect on our national wealth accumulates. and will continue to accumulate into the future, unless somehow we get a huge boost to our productivity. Which no-one at all is predicting.

Those figures are talking about how much poorer we are going to be than we'd thought just 9 months ago. But 9 months ago, we were already accounting for some of the effects of Brexit. The predictions from 9 months ago were also far worse than the predictions from before the Brexit vote. If you add that in, we're looking at the economy in 2022 being something like to £70-80bn weaker than we'd thought it was going to be, pre-Brexit vote. And that is then going to be hard-baked in going forward.

I am at a loss to understand what those who still support Brexit need to see to make them face up to this. It is an unmitigated catastrophe. All you get is head-in-the-sand "experts don't know what they are talking about - these predictions are never right." They are right of course. The previous predictions WERE wrong. They were far too optimistic! The long term consequences of Brexit are actually looking much worse than anyone thought even 9 months ago.

As I have said many times there is no good news to be had from anywhere about Brexit and have also stated that I fear over only a couple of generations Britain will return to almost feudal conditions, time to put prejudices or any other reasons aside and vote for common sense and push Labour and the government to reverse it.

No earnings growth for 20 years.
https://www.theguardian.com/business/2017/nov/23/uk-no-earnings-growth-budget-brexit-productivity-ifs

[i_ateallthepies]

Theresa May is more driven by self preservation even than Cameron was.  He was guilty of being naive in the extreme, believing the British public would never vote leave.  She's sticking with it in the face of knowing that to do so will ruin the country and the futures of 95% of its citizens.  Because to reverse it would see her binned off by the loony right of her party.

[drfchound]

Theresa May is more driven by self preservation even than Cameron was.  He was guilty of being naive in the extreme, believing the British public would never vote leave.  She's sticking with it in the face of knowing that to do so will ruin the country and the futures of 95% of its citizens.  Because to reverse it would see her binned off by the loony right of her party.

But pies, there have been many contributors on here who have openly said that we shouldn't reverse the brexit vote because the people have spoken (voted) and to do so would not be right.

[Hounslowrover]

Theresa May is more driven by self preservation even than Cameron was.  He was guilty of being naive in the extreme, believing the British public would never vote leave.  She's sticking with it in the face of knowing that to do so will ruin the country and the futures of 95% of its citizens.  Because to reverse it would see her binned off by the loony right of her party.

I don't think it's self preservation, it's a sense of duty and quite frankly a fear of a Corbyn government.  If she went or was binned, who would replace her, there's no obvious candidate and her party would expect a Brexiter to be in charge e.g. Gove, Johnson, Rees- Mogg etc. Rudd is mentioned, but is a remainder with a small majority, highly unlikely.

[BillyStubbsTears]

Theresa May is more driven by self preservation even than Cameron was.  He was guilty of being naive in the extreme, believing the British public would never vote leave.  She's sticking with it in the face of knowing that to do so will ruin the country and the futures of 95% of its citizens.  Because to reverse it would see her binned off by the loony right of her party.

But pies, there have been many contributors on here who have openly said that we shouldn't reverse the brexit vote because the people have spoken (voted) and to do so would not be right.

Aye. Thing is, there are a million and one “Brexits”. That’s the point.

I’m not happy that we’re leaving the EU on the basis of a referendum vote where one side openly and flagrantly and demonstrably lied. But that has happened now and  I don’t think there’s any prospect of us not leaving the EU.

The question now is HOW we leave the EU.

Of all the mendaicious and stupid things said about Brexit, there was nothing more mendacious and stupid than “Brexit means Brexit.”

Brexit actually means what the hell we want it to mean. It could mean anything from virtually no change to an almost total divorce with Europe. We’re heading towards the latter. With virtually no debate and no assessment of the public will on the matter. We’re doing it because the Tory party is in Government and it is beholden to the views of its 100,000 members. Most of whom are old and deeply Europhobic.

What a f**king state.

[Sprotyrover]

What I don't get with the Tories is that they are teetering on the brink and should they have to go into another election and loose Labour will get in and instantly undone. All of their fiscal work and really ruin the economy,if I were in charge I would be borrowing 50 billion and  spending it on the Northern Power house.at least the Tories would spend it wisely I'm afraid them loonies in the opposition will blow it on recreating all of those wasteful quangos and fringe groups, , and if Jezza gets his way, we will see our 700 + 'Friends' currently hiding in Turkey back here causing mayhem.

[Sprotyrover]

Another Point ,we have suddenly realised we have a totally unskilled labour force,I doubt that I am not the only older member of this forum who saw this coming approx 30 years ago. The Thatcher regime started it, followed by John Major, but then we had 13 years of Labour government who also did bugger all about it.  We are in this situation because nobody grasped the nettle and said hang on, let's stop stealing Nurses from third world countries whose need is ten times greater than ours,let's train our own and bite the bullet. No we didn't do that we just went for the cheap option.Im sure the Health services in the Philippines,Ghana,Romania etc love us for the damage we have done by pinchinching their Doctors and nurses.
Let's face it with £13 Billion going out in aid we should be sending the medical staff free gratis, rather than greasing palms so certain Governments buy our Arms and munitions to murder their neighbors with.

Rant over!

[wilts rover]

Are you for real Sporty? ...at least the Tories would spend it wisely!!!

Great Western Mainline Electrification - projected cost £874m - final cost £2.8 billion. Hinckley Point C construction - initial budget £8 billion - current projected cost £50 billion. New aircraft carriers with no planes. HS2. National debt nearly £2 trillion.

You keep telling yourself how well the Tories will spend public money and whilst our schools, hospitals, roads, railways and other public services get ever more delapidated and living standards fall, the nice little earners for the directors and shareholders to stash away in their tax havens will keep growing.

[Glyn_Wigley]

Spend it wisely? Like the headline abolition of Stamp Duty in this weeks budget that's supposed to address the housing crisis but will in fact increase demand without building one extra house?

[drfchound]

Are you for real Sporty? ...at least the Tories would spend it wisely!!!

Great Western Mainline Electrification - projected cost £874m - final cost £2.8 billion. Hinckley Point C construction - initial budget £8 billion - current projected cost £50 billion. New aircraft carriers with no planes. HS2. National debt nearly £2 trillion.

You keep telling yourself how well the Tories will spend public money and whilst our schools, hospitals, roads, railways and other public services get ever more delapidated and living standards fall, the nice little earners for the directors and shareholders to stash away in their tax havens will keep growing.

Wasn’t HS2Ltd begun by the 2009 Labour Government?

I can’t recall any major project by any government ever coming in on the original budget estimate.

[Sprotyrover]

Wilts give over mate Hms Queen Elizabeth was a labour baby.
And I don't blame labour for the mess it's in, we have a so called Senior service which has let us down with that bloody heap.
I will share something, my mates son an Oxford boffin working for a tech company in London got a call from The Admiralty in 2006, they asked then to design and build a sonic Catapult system for the 2 Aircrift carriers.
Reason being they had designed them for steam Catapults, they rung the yanks early 2006 and asked them if the had any,now the bleeding means of launching aircraft is ThE key component for an Aircrafy carrier.
Of course there were any the last one had been built ten years earlier,and was on the newest Yank Carrier which was 10 years old ,life span 50 years.
The Yanks had worked out that they needed to worry about Sonic Catapults in 2020 .so having committed to building the bloody things The red faced Admiralty ring my mates employers.and they agree to help them ,£250 miilion each!. The Admiralty baulks. Probably some Poitician in the Labour government was behind the desision ,instead of thinking it through,let's face it there's a market about to open up for Sonic Catapults in 2020,
So we choose an even more expensive option and we go for the VSTOL version of the Raptor jet which is nearly. Double the price of the Carrier version.

[hoolahoop]

The most ridiculous thing is that we can produce aircraft carriers but not the planes to fly from them .
Of course ironically it was our technology in the first place that produced the H/S Harrier jumpjet.

[glosterred]

This sole reason Britain doesn’t manufacture many aircraft designed solely in the UK these days would be at a guess down to the enormous cost to design and manufacture them especially if you are only going to sell a few hundred. That will be why the UK has collaborated recently on Tornado, Typhoon and the Lightning II. That is also why BAE, or whatever they call themselves these days, are part of the airbus consortium and not producing airliners on their own.

Incidentally 15% of all F35 aircraft are manufactured in Britain and with somewhere around 4000 ordered that is hell of a lot of worK.

[The Red Baron]

Interesting article which gets to the heart of the UK's economic problems.

https://blogs.spectator.co.uk/2017/11/lurking-in-the-budget-is-a-problem-much-bigger-and-badder-than-brexit/

[wilts rover]

Wilts give over mate Hms Queen Elizabeth was a labour baby.

How is the decision not to provide the planes for it down to Labour or evidence of Tory wise spending?

[glosterred]

Trouble is there are planes, currently 13 of them, in the US training the pilots that will fly them off QE from next year. Also currently the QE is not an HM ship it still belongs to the builders as it is going through builders sea trials. It will become a HM ship in the next week or so when it is commissioned. Aircraft trials on the ship start in 10 months time and is due to be operational some time around 2020/21.

[hoolahoop]

Trouble is there are planes, currently 13 of them, in the US training the pilots that will fly them off QE from next year. Also currently the QE is not an HM ship it still belongs to the builders as it is going through builders sea trials. It will become a HM ship in the next week or so when it is commissioned. Aircraft trials on the ship start in 10 months time and is due to be operational some time around 2020/21.

Good job we aren't arming up for a war if it takes this long , when did they start work on it ?

[glosterred]

Time line for QE

https://en.m.wikipedia.org/wiki/HMS_Queen_Elizabeth_(R08)

http://www.savetheroyalnavy.org/timeline-delivering-carrier-strike/