Wednesday, May 26, 2010
UK doing well by comparision
BBC News: EuroZone in Crisis
If the BBC Graphics are to be believed the UK comes out well in comparison to the rest of Europe. Earnings are at the top of the scale. So is GDP per head etc. Indebtedness appears to be relatively benign. Do these graphics ring true?
Posted by mken @ 02:36 PM (1050 views) Add Comment
7 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Toto said...
One should add also the private debts, and maybe UK would not come so well
2. Ug said...
Yes they ring true - but don't think we come across as well in comparison, rather I think it shows how well we blend in
- Government deficit as a percentage of GDP - puts us between Greece and Spain.
- Earning the most - surely doesn't that make us the most expensive and less competitive - but we can keep devaluing the pound
- Unemployment - so so - but we have some pretty large public sector job cuts coming our way
3. fallingbuzzard said...
No but then you can spin these charts however you want if you choose your variables carefully
4. debtfree said...
It's not the percentage that should be of concern, it's the actual amount.
When there isn't much money about, how are those heavily in debt going to raise new funds ?
Nobody can afford to buy colossal aofanymoif debt anymore.
5. debtfree said...
aofanymoif = amounts of
in case it wasn't obvious....
Is there any need for these stupid warped words that need typing in ? It makes posting from an iphone even more difficult than it already is.
Half the time you can't read them, what is the point of them ? rant over.
6. Crunchy said...
3...Sorry you didn't get posted hate speaker.
It must have been your reCAPTCHA spelling mistake.
A little taste of the new internet offerings in the pipeline.
Of course it's all rubish. The internet will never be regulated as it is in China.
Free speech!! LOL.. Enjoy.
7. uncle tom said...
Looking at this data, one could be forgiven for thinking that a budget deficit was a normal state of affairs, and that provided it wasn't too big, then eveything is OK..
..not! - One of the big lessons that has yet to be learned, is that you can no longer rely on the next generation to bail out the previous one - the underlying engines of economic growth are slowing to a halt, and for most european countries, population growth has come to an end.
Balanced budgets, tending toward surplus in peacetime, has to be the normal order of affairs going forward.
The snapshot of economic growth shown picks a favourable moment - most european economies are seeing a slight rebound in the wake of severe contraction. There is no basis for expecting such data to continue as an ongoing trend.