Private sector 'will be smaller than in 1998'
Discussion
http://www.telegraph.co.uk/finance/financetopics/f...
k me.
12 years of "sustainable growth", eh?
If ever there was a government that deserved kicking out more than this evil lot? It would have to be some despotic mob in a banana republic, somewhere.
Oh. That would be us, then.
Telegraph said:
Private sector 'will be smaller than in 1998'
In calculations which underline the catastrophic collapse in Britain's non-public sector economy under Labour, experts have revealed that the private sector will by next year have suffered a "lost decade" of less-than-zero growth.
The economic output of the private sector next fiscal year will be around £706.1bn – lower than the inflation-adjusted £708.9bn it amounted to in 1998/99, the first full fiscal year of the Blair government. The figures, calculated by the Policy Exchange think tank, show that in that same period the size of the public sector ballooned by some 63pc.
The figures are based on the assumption that the UK economy will shrink by 4.5pc this year, as predicted by experts such as the Ernst & Young Item Club, but does not contract any further next year.
Andrew Lilico, chief economist of the Policy Exchange, said that the collapse in the private sector was partly a consequence of the recent economic crisis and partly a result of the "crowding out" of business growth by almost unprecedented spending by the state over the past decade.
"Because government spending has risen in this recession it's both covered up and crowded out an absolutely massive contraction in the private sector," he said. "By contrast, under the previous Conservative government, the private sector grew."
...
Well fIn calculations which underline the catastrophic collapse in Britain's non-public sector economy under Labour, experts have revealed that the private sector will by next year have suffered a "lost decade" of less-than-zero growth.
The economic output of the private sector next fiscal year will be around £706.1bn – lower than the inflation-adjusted £708.9bn it amounted to in 1998/99, the first full fiscal year of the Blair government. The figures, calculated by the Policy Exchange think tank, show that in that same period the size of the public sector ballooned by some 63pc.
The figures are based on the assumption that the UK economy will shrink by 4.5pc this year, as predicted by experts such as the Ernst & Young Item Club, but does not contract any further next year.
Andrew Lilico, chief economist of the Policy Exchange, said that the collapse in the private sector was partly a consequence of the recent economic crisis and partly a result of the "crowding out" of business growth by almost unprecedented spending by the state over the past decade.
"Because government spending has risen in this recession it's both covered up and crowded out an absolutely massive contraction in the private sector," he said. "By contrast, under the previous Conservative government, the private sector grew."
...
k me.12 years of "sustainable growth", eh?
If ever there was a government that deserved kicking out more than this evil lot? It would have to be some despotic mob in a banana republic, somewhere.
Oh. That would be us, then.
jesusbuiltmycar said:
Zod said:
There has been 12 years of sustained growth of the public sector.
Sustained???? I assume you are being sarcastic..
That's some pretty impressive growth.
Especially since we all pay for it, and I can't really think of any public service which has actually improved in those years, with perhaps the exception of the HATO wombles (although they've only come about because we have no dedicated traffic cops any more)
Dunk76 said:
jesusbuiltmycar said:
Zod said:
There has been 12 years of sustained growth of the public sector.
Sustained???? I assume you are being sarcastic..
That's some pretty impressive growth.
Especially since we all pay for it, and I can't really think of any public service which has actually improved in those years, with perhaps the exception of the HATO wombles (although they've only come about because we have no dedicated traffic cops any more)
/sarcasm Another good example of taxpayers money well spent if you ask me.
If you're decrepit enough, cast your gin sodden mind back to 1979.
You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
derestrictor said:
If you're decrepit enough, cast your gin sodden mind back to 1979.
You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
Just wait for that night coming up next May though. I have a lovely bottle of champagne waiting for that. And the next morning, the pleasure of seeing Brown humiliated as he leaves Downing Street for the last time. I may even go down to watch and be sure that he has gone.You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
amsie said:
Dunk76 said:
jesusbuiltmycar said:
Zod said:
There has been 12 years of sustained growth of the public sector.
Sustained???? I assume you are being sarcastic..
That's some pretty impressive growth.
Especially since we all pay for it, and I can't really think of any public service which has actually improved in those years, with perhaps the exception of the HATO wombles (although they've only come about because we have no dedicated traffic cops any more)
/sarcasm Another good example of taxpayers money well spent if you ask me.
Olf said:
amsie said:
Dunk76 said:
jesusbuiltmycar said:
Zod said:
There has been 12 years of sustained growth of the public sector.
Sustained???? I assume you are being sarcastic..
That's some pretty impressive growth.
Especially since we all pay for it, and I can't really think of any public service which has actually improved in those years, with perhaps the exception of the HATO wombles (although they've only come about because we have no dedicated traffic cops any more)
/sarcasm Another good example of taxpayers money well spent if you ask me.
The East Europeans who work for me think that our country is a joke basically, and can't understand why were so soft with foreigners.
derestrictor said:
If you're decrepit enough, cast your gin sodden mind back to 1979.
You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
People must have been very fed up with the Tories to let that happen.You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
Randy Winkman said:
derestrictor said:
If you're decrepit enough, cast your gin sodden mind back to 1979.
You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
People must have been very fed up with the Tories to let that happen.You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
Labour have, all things considered, completely destroyed most of what this country stood for. Something which no previous Labour Government has ever managed to achieve, or indeed seemed to want to achieve.
The old form for Labour was to get in, spend spend spend, ruin the balance sheet, cause strikes when they fell out with the unions, then disintegrate for a bit whilst the other lot put it all back together again. Repeat ad naseum.
This time it's a lot worse - including the normal bits above, they've tinkered, modified, changed, legislated, or otherwise completely buggered up everything from Primary Schools to Police Forces to Privacy Laws.
It's an abject demonstration in why the right-on middle class should never be allowed power en masse above the level of Parish Councillor. The old way of the Landed on the right, and the Stewards on the left worked, to a degree.
Randy Winkman said:
derestrictor said:
If you're decrepit enough, cast your gin sodden mind back to 1979.
You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
People must have been very fed up with the Tories to let that happen.You'd have thought the labian hosts would never have risen again.
They did and I recall the glee in Frank Skinner's voice as the tumult of that dread night in 97 came to pass.
The barely concealed BBC jubilation as Portillo got his and as the night unfurled, the blues unravelled.
Give it another generation...
The common thread, IMO, is an inability to listen to the will of the people. When the political classes come up with some new wheeze they present it to the public. When the public say, "NO!", at first they tend to view this as "NO!". Later in their terms in office they seem to start to think "NO!" means that they haven't explained it properly because how could they be wrong?
It's this attitude, I think, that contributes to a party's downfall. And New Labour have it in spades.
Dunk76 said:
It's an abject demonstration in why the right-on middle class should never be allowed power en masse above the level of Parish Councillor. The old way of the Landed on the right, and the Stewards on the left worked...
Dunk, these words ye speak are true; we've been governed for the last ten years - and broadcast to - by a broadly defined mob of new wave bourgeoisie whose bones were made and witnessed by any and all who attended universities and polytechnics in the 20-25 years before 1997, in The Mandela Bars the length and breadth of Albion.They aren't bad people per se, just wholly educated beyond their intelligence and their supersubtle, revolutionist ways, all too grim to bear for those with the requisite perspicacity. The assault on the upper chamber being the primary example.
Peasants, of the mind. Personally, I despise them to the core.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff