Fifteen years of Tory economic management has delivered this:
And people still think that they are competent.
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I love their prediction optimism, it’s almost always the same modeling curve that starts from where ever the data currently happens to be and is proved to be horribly wrong each time. On the other hand it’s got to be quite hard to model when the Conservatives seem to be insistent on doing the complete opposite of what is required to fulfil the model!
Fifteen? Didn’t Cameron get in in 2010?
Or are we defining Blair/Brown as Tory (style) management.
The chart runs to 2025
And how are you?
Is that GDP per capita, mean annual pay, or median?
Because £30K in 2017 as an average looks very high to me, and likely skewed by the top end.
What’s the picture at median level, I wonder?
But anything that destroys the self-declared, but utterly undeserved, reputation the Tories give themselves for being the sole economically competent and ‘natural’ party of government works for me!
Have not had time to check
From here
http://www.resolutionfoundation.org/publications/freshly-squeezed-autumn-budget-2017-response/
Surely National Income per capita includes income accruing to capital (rents,interest,dividends etc..).
Yes
But this was pay
It seems that France will overtake the UK this year. Of course India is not far behind (and much ahead on PPP)
http://money.cnn.com/2017/11/22/news/economy/uk-france-biggest-economies-in-the-world/index.html?sr=twCNN112317economy1203PMStory
“It seems that France will overtake the UK this year”
It’s always a game of tag with France as to who’s at No.5 or No.6
Nothing to get over-excited about:
https://en.wikipedia.org/wiki/List_of_countries_by_largest_historical_GDP
Telling that the electorate clearly view a labour government as worse than the Torres I suppose
I don’t think that gets the point across very well, here’s one that’s a lot clearer IMHO 🙂
https://fullfact.org/economy/labour-and-conservative-records-national-debt/
Until the UK economy is changed, with the emphasis on exporting, and spending billions per annum on education and training, regardless of who is in power, you get the same result.
I am not convenient need we worry about exporting
If the fundamentals are right we will export