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Brexit, the economy and house prices (Part 3)
Comments
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Seriously!?
I think this just shows how divided the country is and how out of touch with reality some people are.
The UK is a high wage economy for *some* that is true and the wealthy have probably never been more so that is true, but the average person in the UK is less well off than in most other comparable countries. A nurse or electrician or teacher would be far better off in most other Western European country, Australia, NZ, Canada.
Yes 100% serious the UK is definitely a high wage economy
Even if you are on the minimum wage the UK is a high wage economy and you can lead a good life (probably topped up by tax credits and benefits all thanks to how productive we are). However most people are on far more than the minimum wage
While maybe the average person lives better in Canada (they have vast natural resources and land and are next door to the worlds largest freest economy) the average Brit lives a much much better life than any African or Indian or chinamen (4 billion people just there). I would go so far as to say an unemployed single mother in the UK lives a better life than the bottom 5.5 billion in the world0 -
Its not really much of an achievement though to say productivity is as high as its ever been, you would expect it generally to grow every year, its not exactly an achievement that its currently sitting around 2007 levels!
Our overall productivity level still lags many other major economies (although that is also far from a new problem)
How can you compare so easily seeing as we have a floating currency.
Do you think our productivity fell 20% along with sterling post brexit?
The UK is a very productive country one of the most productive in the whole world. If you exclude countries blessed with large natural resources per capita we are right at the top of the tables)0 -
Yes 100% serious the UK is definitely a high wage economy
Even if you are on the minimum wage the UK is a high wage economy and you can lead a good life (probably topped up by tax credits and benefits all thanks to how productive we are). However most people are on far more than the minimum wage
While maybe the average person lives better in Canada (they have vast natural resources and land and are next door to the worlds largest freest economy) the average Brit lives a much much better life than any African or Indian or chinamen (4 billion people just there). I would go so far as to say an unemployed single mother in the UK lives a better life than the bottom 5.5 billion in the world
You're comparing to the developing world, obviously we're high wage compared to them.
On a minimum wage or average wage we fare very poorly compared to other comparable countries especially if you take into account the low affordability of housing.
Wage growth since the financial crisis has been lower in the UK than any other European country bar Greece.
We are a very productive country, but also very unequal.
From a quick google:
https://www.ft.com/content/83e7e87e-fe64-11e6-96f8-3700c5664d300 -
What do you lot make of the leaked document outlining new tough immigration policy? I lurve it. Bring people in of course in the way Canada does. Nobody hates Canada.
Good to see policy now being tailored to suit the needs of UK citizens primarily rather than it being filtered through EU regulations first.
This is precisely why some of us voted to leave, policy generated and voted on by clearly elected 'local' politicians and when we leave, policy that's unable to be affected by remote and unelected bureaucrats based on mainland Europe.
National parliamentary sovereignty in action.“Britain- A friend to all, beholden to none”. 🇬🇧0 -
How can you compare so easily seeing as we have a floating currency.
Do you think our productivity fell 20% along with sterling post brexit?
The UK is a very productive country one of the most productive in the whole world. If you exclude countries blessed with large natural resources per capita we are right at the top of the tables)
Well we're a developed country we should clearly be towards the top of the table, but we don't do amazingly well compared to the other major economies.
https://www.ons.gov.uk/economy/economicoutputandproductivity/productivitymeasures/bulletins/internationalcomparisonsofproductivityfinalestimates/2015
They use PPP rates for this comparison not spot FX rates.0 -
Finally some good results from the devalued pound. It's actually a double win as our main market, the EU27 is trading very strongly and goods coming from the UK 15/20% cheaper are in demand,
To be accurate about things, several similar reports have been linked to across the Brexit threads over the months, this is just the latest.0 -
You're comparing to the developing world, obviously we're high wage compared to them.
On a minimum wage or average wage we fare very poorly compared to other comparable countries especially if you take into account the low affordability of housing.
Wage growth since the financial crisis has been lower in the UK than any other European country bar Greece.
We are a very productive country, but also very unequal.
From a quick google:
https://www.ft.com/content/83e7e87e-fe64-11e6-96f8-3700c5664d30
much of europe has countries with significantly higher unemployment then uk and crisis levels unemployment for the youth in europe vs uk.
the reason why uk may be more unequal then europe is that europe is very socialist which is very bad longer term.0 -
On a minimum wage or average wage we fare very poorly compared to other comparable countries especially if you take into account the low affordability of housing.
Wage growth since the financial crisis has been lower in the UK than any other European country bar Greece.
We are a very productive country, but also very unequal.
You see this is where you need to exercise great caution when it comes to supposed expert stats.
If what you say is an objective truth, once again we need to ask when so many Europeans CHOOSE this nation over the others that are supposedly more equal and better in terms of affordability and wage growth.
It's no good saying its because we speak English, money and happiness will trump that.
I find most such stats and reports woefully naive and just do not reflect the experienced reality of life in the UK
Where else would you see this;>>>
I just completed on a flat in a brand new very highly sought after development (each phase massively over-subscribed, you have to queue for 2/3 nights & days to stand a chance).
As the new owner I've been back and forth showing tenants etc etc.
Of the first phase, 75% of it is affordable HA provision.
I'm talking amazing properties here in a gated pukka development.
So what do I find......... my neighbours occupying the HA properties are mainly all relative newcomers to the UK.
They cannot belive their good fortune. 2 of those I've spoken to don't work - one says he has a bad knee, mmm, lets not even go there, after all 'they come here to work, not claim benefits'.
I just cant imagine this happening in France nor Italy, people being handed £400k apartments in a leafy shire as if by magic.
It's an amazing nation and this stuff just never comes out in the news.0 -
Manufacturing buoyant as orders soar to historic highs
Fall in£ has fuel strong jump in exports across the board
https://www.ft.com/content/e7aed692-9180-11e7-bdfa-eda243196c2c
Whilst UK manufacturing sees orders at historic highs Germany sees industrial orders fall "significantly":German industrial orders fell unexpectedly in July on feeble domestic demand while appetite from abroad was flat, data showed on Wednesday - a rare sign of weakness in Europe’s largest economy less than three weeks before federal elections.
http://uk.reuters.com/article/uk-germany-economy-orders/german-factory-orders-fall-on-weak-domestic-demand-idUKKCN1BH18G?il=0Factories registered a 0.7 percent drop in orders in July ....
No I am not gloating, merely showing that the grass is not always greener - much though some seem to wish it were so.0 -
...
It's an amazing nation and this stuff just never comes out in the news.
Indeed.
A relative ran the housing department in Rochdale for many years, and they are very generous on the whole.
...and this is in a deprived part of the UK.
The standard heating boiler fitted to homes by the council is a market leading product with great efficiency figures, for example.0
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