Originally posted by BrianH+Oct 20 2006, 01:45 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (BrianH @ Oct 20 2006, 01:45 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-Headstrong@Oct 20 2006, 02:14 PM
They don't tally with Brian's but then I'm aware we read different 'organs of the press'... LOL.
I thought that you were supposed to be a professional researcher? I have no idea in what subject you specialise but it's certainly not economics. I see strong
Daily Mail influences in your (totally incorrect) assumptions.
As for my reference points, try this:
National Statistics Office - Employment Figures
or this:
Global Economic Data - UK Statistics
You seem to have confused views as well - you are not happy about public sector employment levels but on the other hand you condemn (rightly in my opinion) the level of privatisation undertaken by this and previous governments.
Your point on property prices is certainly a headline led one - and one that is quite commonly held. The fact is that taken over the long term rises in property values reflect rises in incomes and the graph smooths to follow the same line.
Finally, here's an interesting comment:
"The stark fact is that this is NOT a rich country"
.
Opinions differ but the most commonly used number for total nations in the world is 193 - that's 192 members of the UN plus Vatican City. There are two acceptable ways of measuring "the richest". If you measure purely by GNP the UK is fourth richest. If you want to take the measurement of GNP per head of population then the UK is fifteenth (though the fourteen nations ahead include some of the low population "financial services" states such as Luxembourg and San Marino.
And if you want my sources for the above data I'm happy to supply them. "Organs of the press" they're not. [/b][/quote]
No I don't specialise in Economics; but I don't read the Daily Mail either [except at my auntie's and she's over 100 so can be excused her choice of paper** LOL].
The statistics you supply for public sector employment are interesting; but if they come from Govt-supplied figures then I wouldn't be prepared to take them on trust. And as I mentioned before, they in no way take account of the fact that huge numbers of people who ostensibly are employed by private companies [eg Capita, and there are many others] are entirely paid from the public purse. The point I'm making is that many of these jobs are unnecessary anyway, and hjusge sums are wasted.
Two headline just from today:
- MPs pay and perks have risen by £13 million only last year - nb that's not the total, that's just the RISE
- PFI hospitals will cost the tax payer £53 billion over 30 years for buildings worth only £8 billion - money which will go to private contractors. Everyone dreaming up/ implementing this scheme is on a public salary... [and pension]. Good value?
As for statistics, even when accurate, the devil is in the interpretation; and it's becoming increasing difficult to separate or define a 'public employee' given factors such as PPI
I don't see why having an aversion to uselessly employing 1000s of people at inflated salaries in non-jobs from the public purse - esp when most of those people hinder rather than help those doing anything productive - is incompatible with thinking that the privatisation of natural monopolies such as the railways and the Post Office, and essentials of life like water services, was madness. It was especially madness since so little provision was made to prevent such essential services being bought and asset-stripped by foreign companies and their owners, directors, and shareholders.
I don't belong to a political party and I don't subscribe to a 'set' of politically correct opinions from ANY side of the spectrum. It's not an either-or question: there are services which should be publicly funded and run - but run efficiently, which they rarely are. Where competition can serve both the customer and the taxpayer, as in the case of communications [ eg privatising BT] then I'd take that route. Why is that 'confused'?
As for property prices: I know a lot of people [as I'm sure you do]; and they ALL look on their 'real estate' as an investment rather than a home, in a way which was unthinkable when I was young. There wasn't then this mania for 'doing up' and 'selling on' and 'up-grading' to maximise investment; your hoemn was something you lived in, and tied to pass down, and for investment you bought a business, or stocks and shares.
This has nothing whatever to do with headlines. Everyone I know in a positon to do so - and this includes diehard members of the Labour Party - is busy getting as much property together as they can as a hedge for their old age - some of them greatly against their own principles, eg by buying their council flat; but they can see no other way out of impending relative poverty in old age, esp given the collapse of pensions values in the last few years.
The 'buy-to-let' phenomenon is another symptom of this, and was fuelled by encouraging over-borrowing. I left the country for a few years in the 1980s btw, and was never again able to get back on the 'property ladder' since property values in the UK have risen faster than any other form of earnings/investment in recent years. I bought my London flat in 1981 for £24,500, sold in 1983 for £42,000. In 1986 I could have bought it back for c£95,000; now it would be worth about £270,000. In no other European country is there this gross inflation of property values [I made a loss on the French house in fact, over 7 years, given what we spent]; and nor does it apply in N America.
And you now have the other symptom, of grown-up children still living with their parents esp if eg taking higher degrees, as some of my friends' kids do, because they just can't afford rents and mortgages; this at ages when we were all long independent 30/40 years ago. Please don't tell me I can't draw conclusions from my own experience and that of EVERYONE around me. Admittedly I and my friends tend to work in professions like publishing, museums and academia, photography, or music teaching, where earnings haven't kept pace with general wage inflation, and many of us are self-employed - so both the difficulty of and the need to amass property as a kind of 'pension' are perhaps more acute. But even people like my cousins' kids [in the law, and banking] are doing the same.
Btw, I'm not remotely interested in where we in the UK come in the list of 'how much money is floating around the economy' ie GNP, on an international scale. The only proper measure of the wealth of a country is imo whether the books are balanced, and ours are not.
From the Nat Stats site: "At the end of 2005/6 general government debt was £529.1 billion, equivalent to 42.1 per cent of GDP. " This gives a debt for each active member of the workforce which is getting on for £20.000 - and this isn't even taking into account the massive - and unprecedented - amount of personal debt around.
Yes, there is great wealth in Britain and esp in London; but by any method of measurement, it's incontrovertible that the gap between rich & poor has hugely widened in recent years, which makes life much harder for those at the bottom.
I do actually read the Telegraphs mainly, Independent quite often, and sometimes The Times and Observer, and magazines like the Spectator; and I do read the business pages [ tho none of these as often as the RP ;^) ]. I believe in reading a paper which is a bit opposed to my natural [liberal with a small l] inclinations, and which doesn't share the beliefs of the Govt in power - it's more likely to tell you things you don't want to know!
This link is fairly typical of informed comment in the press I read, which happens to come from the Telegraph but could be from anywhere else:
http://tinyurl.com/y2x37j
And when I read things like this - a random offering - I wonder where on earth we are heading:
http://www.telegraph.co.uk/money/main.jhtm...01/cndebt01.xml
On the subject of the general obstructiveness of people in public office and employment, there was a good piece in the Telegraph yesterday by Leo McKinstry [a gung-ho journo who was once a Labour Party and Trades Union advisor, and CND activist... the mind boggles]. I agree wholeheartedly with the sentiment that most council-appointed jobsworths just love pushing other people around, and the fewer of them the better - and this goes for 'public servants' of all stripes whether elected or salaried:
http://www.telegraph.co.uk/opinion/main.jh...0/26/do2602.xml
As you will have gathered, I'm a libertarian, and a 'small-statist'.
I just want them to LEAVE ME ALONE
{** and btw Brian why do 'lefties' and 'liberals' so often think it's OK to sneer at the mainstream opionions or reading matter of the averagely educated middle classes? And can I remind you it was the D Mail which relentlessly pursued the murderers of Damilola Taylor? - there's good and bad in every newspaper}