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Britain on Top

13

Comments

  • ILW wrote: »
    The UK apparently has the highest inflation of any European country.

    Apparently some people think that falling prices are a sign of a countries economic strength and prospects.
    US housing: it's not a bubble - Moneyweek Dec 12, 2005
  • ILW
    ILW Posts: 18,333 Forumite
    Kennyboy66 wrote: »
    Apparently some people think that falling prices are a sign of a countries economic strength and prospects.
    Depends on the reason for the falling prices.
  • ILW wrote: »
    Depends on the reason for the falling prices.

    Not really no.

    Cyprus, Spain, Italy - all roaring ahead.
    US housing: it's not a bubble - Moneyweek Dec 12, 2005
  • ILW
    ILW Posts: 18,333 Forumite
    Kennyboy66 wrote: »
    Not really no.

    Cyprus, Spain, Italy - all roaring ahead.
    Would you consider falling fuel prices a bad thing for an economy?
  • ILW wrote: »
    Would you consider falling fuel prices a bad thing for an economy?


    No *, but its fairly inevitable that you would start to conflate falling prices in a single category with general price deflation as measured by CPI or RPI.
    Normally the example is computers, so at least we have moved on from that.


    * Would you consider falling wages a good thing for an economy ?
    US housing: it's not a bubble - Moneyweek Dec 12, 2005
  • ILW
    ILW Posts: 18,333 Forumite
    Kennyboy66 wrote: »
    No *, but its fairly inevitable that you would start to conflate falling prices in a single category with general price deflation as measured by CPI or RPI.
    Normally the example is computers, so at least we have moved on from that.


    * Would you consider falling wages a good thing for an economy ?

    Nobody mentioned falling wages.

    Falling prices (particularly of imported goods) I would have thought would be beneficial.

    If for example a way of making petrol from water which cost pennies per gallon was discovered, would that really be a bad thing for the UK?
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    ILW wrote: »
    If for example a way of making petrol from water which cost pennies per gallon was discovered, would that really be a bad thing for the UK?

    They would simply tax it more.

    One reason they want to keep us tied to oil for so long is to control the pricing and wealth collection and wealth distribution. If a cheap, efficient, abundantly available alternative was available they would lose that control.

    The Spanish are proposing taxiing energy from sunlight.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Kennyboy66 wrote: »
    Apparently some people think that falling prices are a sign of a countries economic strength and prospects.

    Working on that theory, Zimbabwe would have to be held up as a country with dominating strength and prosperity.

    As you can see, your analogy was a tad on the simplistic side.
  • .......The Spanish are proposing taxiing energy from sunlight.

    Don't we already do that in UK?

    OK, a minor proportion, but Solar Panel energy finds its way into the grid via feed-in tariffs. You and I pay 5% VAT on it!

    The person with the solar panel gets stupid subsidies from energy companies, courtesy of taxpayer.

    As you suggest, if we could generate energy from sex, HM government would tax that!
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Don't we already do that in UK?

    OK, a minor proportion, but Solar Panel energy finds its way into the grid via feed-in tariffs. You and I pay 5% VAT on it!

    The person with the solar panel gets stupid subsidies from energy companies, courtesy of taxpayer.

    As you suggest, if we could generate energy from sex, HM government would tax that!

    The article I heard suggested they would be taxing the the supplier of the energy, who receive subsidies from the government to pay for the installations, as they could no longer afford the subsidies???
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
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