Nothing, but give me a quote from someone who said that was bad news. No-one says such things. What people may say is that we are not out of the woods, since the Brexit process has not even started. But of course that's not "true" is it, that's just talking the country down.
Well 2% year on year growth means that companies as a whole are doing well, people are spending money and employment is on the rise.As the first 'negative' poster on this thread i'm assuming that i fall into the 'doom and gloom, half empty, want the country to burn' category that one or two posters have alluded to.
I asked posters to give examples of how the 'good' news has benefitted them in real life. I don't really understand big economics but surely if the economy is getting better then we, the average Joe in the street, should feel some tangible economic benefit?
It's like you posting after a good 2-1 win against Chelsea saying "great result" and someone else coming back and saying "yeah but we will probably lose to United in the derby"
Should have said in Europe, you're quite right.I don't agree. A better analogy would be a big debate before a game against Real with some people saying we'll get hammered (the remainers) and others saying we'll win (the brexiters). We're 1-0 after 10 minutes and the Brexiters are yelling "told you so".
And incidentally, where did you get your quote ""fastest growing economy in the western world for three years" from? Sounds like bollocks to be honest, but I'd be interested to see if there's any truth in it. The US grew by 3% ish I think in Q3 or Q4 (I'd need to check), and I don't remember the UK seeing 3% in perhaps a decade plus.
Should have said in Europe, you're quite right.
And no my analogy was correct, we've had solid growth for half a decade now and it's been higher than our European partners.
Yes we don't know what will happen post Brexit, but the economy has done the opposite of what all the pessimists have been saying for the last six years.
Yes I'd agree with that.Fair enough - I was thinking this was the Brexit thread. From a Brexit perspective only my analogy holds true; looking at the bigger picture, so does yours.
You've got that the wrong way around mate. I've just checked.
Take home for 2016/17 will be £19,489 from a salary of £24,000
Take home for 2015/16 would have been £19,407 from The same salary.
For 2013/14, the take home on that amount was £19,137
For 2012/13 the figure was only £18,851
For 2011/11 less again at £18,681
And the last year Labour were in power for a year at 2008/09 young have only taken home £18,363
So I'm not sure where you went wrong.
But lower wage earners are paying a lot less than they were, not more as you seem to think.
This isn't going to please the lefties though though it will please people that earn £24,000 as they are £1,126 better off now then they were under Brown et al in 2009 in terms of take home pay.
---------check for yourself---------
http://tools.hmrc.gov.uk/hmrctaxcalculator/screen/Personal+Ta
x+Calculator/en-GB/summary?user=guest - 2016/17 calculator
http://www.itcontracting.com/calculators/dividend-tax-calculator-2015-16/ - 2015/16 calculator
Or try this one if you want to easily check every tax year for the last decade (I found this link last annoyingly but it agrees with the other two above) - https://listentotaxman.com/24000?yr=2016
-----------------
Just for fun I also looked at how much tax you paid in 2008/09 under Labour and how much tax you pay in 2016/17 under the Tories on £1,000,000 per year:
Tax paid in 2008/09 is £404,034
Tax paid in 2016/17 is £459,433
Kinda shits all over your argument really doesn't it. Lower earnings are far better off now and higher earners are paying more tax than they were. Bluemoon should traditionally love that idea. Though personally I'd brick and torch any cunts wanting to take nearly half my hard earned off me.
Last six years?Should have said in Europe, you're quite right.
And no my analogy was correct, we've had solid growth for half a decade now and it's been higher than our European partners.
Yes we don't know what will happen post Brexit, but the economy has done the opposite of what all the pessimists have been saying for the last six years.
Took you the best part of a year to reply and then include data not available as it hadn’t happened at the time of my post, although my post was entirely correct back in January when I posted it.Last six years?
Well that takes us back to 2011.
Between 2011 and 2012 the economy went into a recession.
In the last year the UK has been the slowest growing economy in the G7.
So that's two shit years in your six.
In the other four we had modest growth so you would expect to see the public finances, productivity and people's wages improving. But no far from it, they're all moving in the opposite direction because the 'growth' is coming from low skilled,low paid,insecure,part time jobs and is fuelled in part by increasing household debt.
In short if you scratch beneath the surface of your 'successull' last six years a different picture emerges of a low skill economy based on lower living standards for most people except the richest few and companies.
Brexit will probably make this worse as the UK moves towards a third world economy.
Took you the best part of a year to reply and then include data not available as it hadn’t happened at the time of my post, although my post was entirely correct back in January when I posted it.
If it does all fall to shit, enjoy. I’m still trying to avoid uk political debates on BM. After nearly a decade I’m getting bored of them. I’m yet to see anyone change their mind.
I’ll still pop in to correct people that don’t understand tax and macroeconomics though. Make use of my ongoing masters.