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Uk Growth Has Been Public Sector

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But beware: all is not what it seems. Since 1997, UK gross domestic product (GDP) has risen 20 per cent, central government current expenditure 47 per cent, current receipts 45 per cent. Taxes collected through the Inland Revenue are up 47 per cent, with taxes on income up 60 per cent.
There's an imbalance in the economy's growth record. The hard fact is that the biggest single contributor to GDP growth has - by a mile - been the government.

The old saying: there is never something for nothing seems to have come true once again in this current economic cycle. The reward of high house prices has been based on the illusion of wealth without effort.

The next phase of the economic miracle must be higher taxes and devalued sterling--deja vu--oh, and not forgetting what happened the last time we were at this point around the late 1980's--our old friend house price crash :D

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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