huw Posted December 8, 2009 Share Posted December 8, 2009 I wonder how much of the post 2000 deficit is the Uk going from net energy exporter to importer? Significant but far from dominating, from the online stats ... BOP in oil and other fuels (series ENXQ): 1970 -503 1971 -696 1972 -660 1973 -948 1974 -3372 1975 -3051 1976 -3922 1977 -2723 1978 -1930 1979 -721 1980 280 1981 3092 1982 4607 1983 6891 1984 6860 1985 8030 1986 4012 1987 4045 1988 2685 1989 1222 1990 1631 1991 1274 1992 1610 1993 2612 1994 3937 1995 4323 1996 4810 1997 4560 1998 3042 1999 4448 2000 6536 2001 5290 2002 5108 2003 3376 2004 893 2005 -2195 2006 -2794 2007 -4031 2008 -5928 Quote Link to comment Share on other sites More sharing options...
Game_Over Posted December 8, 2009 Share Posted December 8, 2009 What are your employment chances after a 12 year 'opt out'? Well it's not like I need a job earning 60K is it? I'll just say I was a house husband and when they ask what Mrs Gameover does I'll take them to a tribunal for sexual discrimination. Failing that Mrs Gameover can get a job a Sainsburys Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted December 9, 2009 Share Posted December 9, 2009 Lord Lawson, Gerry Robinson and Prof Blanchflower have just been discussing this on Newsnight Blanchflower comes across as a complete nutter IMO. The massive increase in PSBR is not due to automatic stabilisers, there was a huge increase in the structural defecit as soon as Labour came to power. Big state socialism always bankrupts economies, it just too a bit longer this time because a completely unregulated City generated Billions in tax receipts to keep the party going for an unprecedented 12 years. Well the party's over now and boy are we going to have to pay. :angry: yes i saw the end of it but we already know blanchflower is a nutter gerry robinson usually talks sense but i heard him say it was right to support the banks if he doesnt get it just how many in the country actually do Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted December 9, 2009 Share Posted December 9, 2009 But I can't earn more than 12-15K otherwise they will all lose 5K a year each in grants and bursaries 5k*3 kids * 4 years for an MA = 60K Interesting. It may be worth dumping most of my salary into pension to get my official salary down to 12-15K for a few years whilst the kids are going to uni. Stop paying into pension and clear the mortgage a few years before to be able to live off the savings whilst the income is artifically lowered. It's just shifting income around the time-line to maximise benefits. VMR. Quote Link to comment Share on other sites More sharing options...
PopGun Posted December 9, 2009 Share Posted December 9, 2009 Interesting. It may be worth dumping most of my salary into pension to get my official salary down to 12-15K for a few years whilst the kids are going to uni. Stop paying into pension and clear the mortgage a few years before to be able to live off the savings whilst the income is artifically lowered. It's just shifting income around the time-line to maximise benefits. VMR. Although I don’t approve of actions like this, I can't really blame people for doing it either. Reminds me of all those kids at college in the nineties, queuing for their poverty grants before driving off home in their parent's cast off BMWs. Quote Link to comment Share on other sites More sharing options...
Zngland Posted December 9, 2009 Share Posted December 9, 2009 No to job cuts. Yes to tax rises. The only way the economic imbalance can be corrected is job cuts and lower taxes. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.