The Economics of Pessimistic Time Travelling Kippers

CLAPTON

HAMISH_MCTAVISH wrote: »

Yes, most people are significantly better off than they were a few decades ago.






Indeed.

But based on a false perception, not the reality.

seems to show that things are quite good now and so no need to change things for the worst

ukcarper

Bantex wrote: »

Some of the figures are a bit unbelieveable, how could 63% of the population own their own home?

ONS shows 64% for 2011

Thrugelmir

CLAPTON wrote: »

seems to show that things are quite good now and so no need to change things for the worst

What's good about the current financial situation?

Living in a fantasy world is at the very least blinkered.

Bantex_2

There are around 25 million dwellings in the UK and a population of around 70 million. Does not add up.

ukcarper

Bantex wrote: »

There are around 25 million dwellings in the UK and a population of around 70 million. Does not add up.

It's obviously households my wife and I both own our house the same house.

CLAPTON

Thrugelmir wrote: »

What's good about the current financial situation?

Living in a fantasy world is at the very least blinkered.

On the whole and excluding the poor housing standard in London and SE, the general standard of living is high.

The constantly increasing population obviously puts massive pressure on housing, NHS, schools , transport etc so a pause in the population expansion would improve the quality of life of the citizens.

Otherwise, adequate supply of food, warmth, housing (outside the SE and other hot spots), opportunities for education, holidays, sports, entertainment etc are a good as they have ever been.

Thrugelmir

CLAPTON wrote: »

On the whole and excluding the poor housing standard in London and SE, the general standard of living is high.

The constantly increasing population obviously puts massive pressure on housing, NHS, schools , transport etc so a pause in the population expansion would improve the quality of life of the citizens.

Otherwise, adequate supply of food, warmth, housing (outside the SE and other hot spots), opportunities for education, holidays, sports, entertainment etc are a good as they have ever been.

There's a huge current account deficit still to be bridged. Spending tomorrows earnings cannot last forever. Despite what politicians may say. Simply ignoring the issues until they are staring you in the face isn't the way to manage an economy.

CLAPTON

Thrugelmir wrote: »

There's a huge current account deficit still to be bridged. Spending tomorrows earnings cannot last forever. Despite what politicians may say. Simply ignoring the issues until they are staring you in the face isn't the way to manage an economy.

what would you prefer?

large increase in tax ?

slashing benefits?

slashing infrastructure spending?

slashing NHS /education /transport/police/army etc?

Thrugelmir

CLAPTON wrote: »

what would you prefer?

large increase in tax ?

slashing benefits?

slashing infrastructure spending?

slashing NHS /education /transport/police/army etc?

No one says that the decisions would be easy. A choice for the electorate to make next year. Maybe the dullest General Election for a long time. Little point in getting all dramatical by using words such as "slashing". There's no such thing as a free lunch. As Japan is demonstrating even QE has limited effect. In fact the fiscal armoury looks pretty bare.

kabayiri

Ahh, in '84 I believed in a future of advanced manufacturing and UK taking a big slice of the fledgling computer market.

There was quite a buzz around the BBC micro and the Spectrum. It felt like interesting times anyway.

It's not always about money for everyone. If money is your sole aim you are probably better off stateside.