Carney - the man who keeps crying wolf

A_Pandiculation

sevenhills wrote: »

I understand its a fact that EU immigrants contribute more to our economy, I assume that is because they enter higher paid jobs.
This is because they are most likely better educated.

Evidence for that please.

sevenhills

A_Pandiculation wrote: »

Evidence for that please.

It calculated that non-European migrants will make a positive net contribution of £28,000 - £50,000 less than the £78,000 for EU arrivals – when the budget is balanced.
In total, the net benefit from the class of 2016 was expected to be £26.9bn, with £19.3bn coming from EU migrants and the remaining £7.5bn from migrants from the rest of the world.


Oxford Economics, which carried out the assessment, said this meant the value of EU citizens to the economy was the equivalent of slapping 5p on income tax rates.


https://www.independent.co.uk/news/uk/politics/eu-workers-uk-tax-treasury-brexit-migrants-british-citizens-a8542506.html

sevenhills

lisyloo wrote: »

and currenly suffering more conditions than they used to (obeisity, diabetes, alzheimers) some because of lifestyles and some because we are keeping people alive from strokes/cancer/heart attacks.

Do you have an alternative theory for our massively increasing GDP over the last 50+ years?


https://tradingeconomics.com/united-kingdom/gdp

margaretx9

sevenhills wrote: »

Do you have an alternative theory for our massively increasing GDP over the last 50+ years?


https://tradingeconomics.com/united-kingdom/gdp

Does rising GDP actually help much when the cost of living and house prices rise even faster.

Indonesia has a higher GDP than Norway - doesn't make it wealthier.

Because of course its GDP per capita which matters. And it would have been nice to have seen the figures on that basis. If GDP falls 10% and the population falls 12% then per capita people are better off in theory.

buglawton

I can't express how relieved I am to see the BOE's Project Hysteria projections. Since the BOE has proven itself 180 degrees wrong on its previous Brexit projections.

THE_Terry_Urr

sevenhills wrote: »

It calculated that non-European migrants will make a positive net contribution of £28,000 - £50,000 less than the £78,000 for EU arrivals – when the budget is balanced.
In total, the net benefit from the class of 2016 was expected to be £26.9bn, with £19.3bn coming from EU migrants and the remaining £7.5bn from migrants from the rest of the world.


Oxford Economics, which carried out the assessment, said this meant the value of to the economy was the equivalent of slapping 5p on income tax rates.

I don't believe that for one moment.

ALL the new car-wash attendants and manicurists are as has been said eastern european, NOT African, Asian or any other nationality despite more of these arriving than EU. You cannot seriously tell me that these contribute more that the non-EU workers that must fulfil strict criteria to even be allowed here!

They're taking the proverbial and TBH it looks suspiciously like it's just more propaganda to try and make it look as if leaving the EU is a mistake because what they say doesn't fit with what people see with their own eyes.

buglawton

LHW99 wrote: »

I think the argument today is that this is a "scenario" not a forecast

Erm... so in that case where are the balancing scenarios that take into account the new freedoms of adapting regulations to suit UK, and making new trade agreements that a 'no deal' Brexit would bring?

buglawton

Filo25 wrote: »

The good old Establishment elite, not like those working class common folk like Farage, Boris Johnson, Ress-Mogg......

Yup, one is real the other a boogeyman

sevenhills

THE_Terry_Urr wrote: »

ALL the new car-wash attendants and manicurists are as has been said eastern european, NOT African, Asian or any other nationality despite more of these arriving than EU. You cannot seriously tell me that these contribute more that the non-EU workers that must fulfil strict criteria to even be allowed here!

If you add up the wages from the europeans that you know and I will do the same for the non-europeans that I know, then we can compare. Is that scientific?

silverwhistle

Thrugelmir wrote: »

The UK still faces the twin challenges of high Government and personal debt. Which will restrict the ability of the UK economy to grow. Unless people decide to work harder and become more productive..........

Work harder? How about working smarter?



But that would require more investment in machinery, training and infrastructure. The government prefer austerity to investment. Business investment is going down and our productivity is still below the OECD average..