adrian99 said:
"UKIP, like most political parties have the economic nous of an aubergine".
There you go, arrogance, you and people of your ilk know better than the rest of us. Of course I am aware of the unfunded pension deficit but we can't keep kicking the can down the road until we are so full there is literally no room to swing a cat, the country is only so big, anyone entering must be needed and skilled. Nigel said on the Andrew Marr show this morning that some things are more important than a few pips on GDP and this is one of them, I get it, we are going to be poorer in the future, the days of continued greater wealth are over and we are going to have to work later into old age, many difficult decisions will have to be made.
hahaha, ok fair enough. I wasn't talking about you. I was referring more to the economists that use selective data to fit a political ideological viewpoint, or a campaign. But whatever, take it however you want.
As for me and my ilk. Not sure what that means. I'm not an economist, I work with a number of economists, and my view is informed by them, and you know what. Yes. they do know more than the rest of us. Thats why its their job. They are paid to know more than the rest of us.
Second part. If you saw what I read, I never said I was particularly pro whole sale immigration, I gave a list of possible eventualities that were glossed over by you completely. As for Nigel's comments. Read again the figures. Please. This is more than a few pips on GDP. Just do a quick calculation and have a look at the projected deficit between income and liabilities.
This isn't a case of us being poorer, this is a case of us (if immigration is stopped and the population remains as healthy as it is) having to pay more out in public pensions than we have as income.
As I said previously, though i get the impression it will be ignored, there are a number of solutions (in my mind). One is immigration, one is a tiny state with pensions provided by the private sector, and one is increasing birth rates, one is greater international political union.
Any other suggestions I'm welcome to listen. I know which one I think it will be, but I'm always prepared to be proven wrong. Seriously.
You are right, the age of retirement will increase, a lot more than it has already. Not that this is neccessarily a bad thing, it could be better for the economy. Lets hope employers see it this way as well.
adrian99 said:
As for economists, did you all see the financial crash coming? If you did you kept very quite about it. There are many economists with many different views but politics is more important than the opinions of one group of economists or those of self serving big businesses for that matter.
I'm not an economist, and I wasn't working when the financial crash occured. But to answer your question (about colleagues) a couple of them did yes. Which is why their company came through very unscathed.
For what its worth, if only for informed debate. There has been the suggestion that in terms of crisis counting, we are currently at 2003 again (of course there are a lot of factors that aren't the same back then) but we are not structurally robust enough to make it inconceiveable that we won't find ourselves in another crash within the next 15 years.
adrian99 said:
£5bn the cost tax credits to European migrants, £6-9 billion the cost of educating 1m children in our schools, the children of immigrants, £17.6bn the cost of free NHS treatment for the 8m immigrants living here. £10bn the cost of EU membership and £11bn the foreign aid budget. There are many things we can do to reduce spending in order to fund the state pension that today costs £80bn.
Thats all well and good. All the recent studies show migrants have a net positive impact, again, ONS is your friend. Secondly, quote that £80bn figure again, and look at the projection. Tell me this deficit can be solved by simply increasing the working age?