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Old 15 November 2008, 07:03   #1
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"Lies, damned lies, and statistics"

Where does all the money go?

The UK population is at 61 million (61M)

About 20% are under 16 and about the same again are over retirement age

Retirement age is 65 for males, 60 for females

I make that 36.6M left in working age.

75% of the working age group are in employment (inc. self employed, directors etc).

So therefore 27.5M people in this county are working (and paying some level of, or variant of income tax) vs. 33.5M that are not working or paying into this pot.

So what does everyone not working do?

12.2M under 16s
10.2M on state pension
2M over retirement not on state pension
1.82M unemployed (5.8% of working age)
1M other claimants (effectively unemployed but classed as something else to dress the figures)
2.2M are first year Higher Education students
2.2M are rest of HE students
0.08M are banged up

This leaves just under 2M unaccounted for, however different statistics have been collated at different time and rounded differently so there will always be a discrepancy.

So what do the people that pay taxs do?

20% work in the public sector that makes about 5.5M people being salaried by taxation and only 22M left in the private sector.

All figures above are from the National Statistics Office or by applying basic arithmetic to the percentages on the NSO

Is it just my crude understanding of economics or were we always heading for a disaster with this kind loading?

So what happens next?

This is only a prediction but based on current trend we can expect the population to increase by 4.4M by 2016 and have reached 71M by 2031 (source NSO)

What the snap shot above does not show is the trends.
The number of population over retirement age is increasing.
The number of foreign born mothers burdening the benefit system in the UK is increasing.
The value of the is decreasing quite rapidly.
The number of employed people paying into the tax pot is falling .
And conversely the number claiming benefit is increasing.
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Old 15 November 2008, 08:51   #2
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Well and simple put together, problem politicians will not understand this and definately will do their best to get you to the worse

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Old 15 November 2008, 09:43   #3
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And in the mean time what have labour done?

In 1997 Tony Blair's election campaign manifest pledged “New labour will be wise spender’s not big spenders” The country voted them into power and they began the process that has put us where we are now.

After his first term (2001 election) Tony realised that to stay in power after the next cycle he could just buy votes. He must have been laughing his head of as he just borrowed money and taxed us so that he could be seen to give us more. He actually used voter’s money to buy more votes and got away with it. Here is how it happened

At the end of 2001 Government debt was at 315B

In 2001/2 the government received a one off 22B from the sale of mobile phone licensee, like children in a sweet shop they spent it and borrowed some more.

End of 2005 Government debt was at 467B

End of 2006 it was at 504B

At the end of March 2008 UK national debt was 614.4B

At the end of August 2008, UK National debt was 637.4B (637,400,000,000)

The cost of paying interest on the government’s declared debt is at least 32B (32,000,000,000) a year. This is more than the entire military spend for this year.

They have already committed to borrowing a further 42B over the next year and based on previous performance will increase this further.

However when Gordon has added up how much debt he and Tony have got the government into he has forgotten to include a large number of liabilities, he has only counted the cash that is owed to the private sector.

The Centre for Policy Studies argues that the real national debt liability is actually 1,340B otherwise known as 1.3 Trillion or 1,340,000,000,000
The following is quoted from the Daily mail website so should be read with caution

http://www.dailymail.co.uk/news/arti...nt-claims.html

“Gordon Brown has been accused of covering up the true scale of Britain's national debt which research claims is three times higher than the Government admits.

A new study claims that public debt is a massive 1.3 trillion, equivalent to 53,000 for every household in the UK.”


So if you have read this then you can probably pick holes at the odd bit, statistics after all can always be corrupted however you can not argue that Brown’s borrowing is not out of control.

Maybe his reason for lowering interest rates was not to help the people maybe it was to reduce his own interest payments (32,000,000 a year in inetrest and rising is after all quite a stone to have hung around your neck).

The problem we face now is that this short term solution of lowering interest makes people think that Brown has rescued them from a worldwide recession. In fact it does the opposite it trashes our currency. The pound dropped to its lowest ever against the Euro yesterday and looks like it will continue to fall. Brown continues to borrow.

When we kick him out the poor bloke who takes over will be starting the race from so far behind that it will take decades to fix what labour have done.

The most frustrating thing is that as bad as Tony was, he was voted in. Him and Cheri lied and the British people fell for it. Just as we laughed at the Americans voting Bush into power, the rest of the world has been watching with amusement at us voting and then keeping Tony in power.

Gordon however has never been elected by the people of GB he just assumed the role of Chief Spender.
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Old 15 November 2008, 10:27   #4
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In 1997 Tony Blair's election campaign manifest pledged ....blar blar blar......

av anuvver branndy. iyve gott sum dewty frea ifn yorr intrestid

gaRf
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Old 15 November 2008, 12:58   #5
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Once again I see the media are doing their best to pull the Tories down - instead of attacking Brown for trying to borrow our way out of trouble they attack Cameron for quite rightly pointing out that the is on the verge of collapse!!!

No wonder Labour have stayed in for so long when most of the media support them...........
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Old 15 November 2008, 17:53   #6
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Yep the same as last time Labour were in
up to our necks in the brown stuff ?
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Old 15 November 2008, 18:00   #7
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and in 97 labour took on the country after the last recession caused by the tories .
Back then in 97 we'd had a long run of tory government and half the population inc me couldn't remember anything but tory rule they just wanted a change and an end to the recession so they voted the only other viable part in .

So its about to happen again another 10 yrs plus of rule and new generations who know nothing but labour , and the same old cycle continues exept each time the problem is worse , the tories destroyed our industry and british pride as a skilled nation , labour have allowed the country to flood with imigrants we just don't have room for.
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Old 15 November 2008, 18:19   #8
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I quite liked labour .. my pension is fucked and so are my savings, atleast now I know where I stand
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Old 15 November 2008, 18:42   #9
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and in 97 labour took on the country after the last recession caused by the tories .
Back then in 97 we'd had a long run of tory government and half the population inc me couldn't remember anything but tory rule they just wanted a change and an end to the recession so they voted the only other viable part in .

So its about to happen again another 10 yrs plus of rule and new generations who know nothing but labour , and the same old cycle continues exept each time the problem is worse , the tories destroyed our industry and british pride as a skilled nation , labour have allowed the country to flood with imigrants we just don't have room for.
We weren't in a recession when Labour took over.Apparently they fouled it all up with tax and spend beyond their means last time they were in power too.
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Old 15 November 2008, 19:52   #10
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We weren't in a recession when Labour took over.Apparently they fouled it all up with tax and spend beyond their means last time they were in power too.
Maybe not officially , by 97 the recession of the early 90's may have officially been coming to an end ,
All I know is what i remember back then , wages were the same as 1990 but the cost of living had gone up and there was little decent work about . Interest rates were low .

What Iam saying is that you can only judge or vote on what you remember of the past and how it effected people like you in your area .

Iam niether pro labour or conservative and Iam not old enough to remember what life was like before the last conservative innings but all i can see is that both parties have failed consistantly, but no other party ever gets a chance because the british public are like lemmings and go for the "safe vote"
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