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Software Provides Output Lift For Brown

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Software provides output lift for Brown

Gordon Brown’s battle to raise UK productivity is to be given a boost after government statisticians admitted they had seriously understated the contribution of software investment.

Revisions to the way business investment in software is measured will instantly boost figures for economic output, business investment, and prosperity, lifting Britain’s position in international economic league tables.

The changes will raise gross domestic product by 1 per cent — more than half the level of economic growth last year — and revise annual growth rates upwards by close to 0.1 per cent for all years since 1992.

China recently overtook the UK as the fourth largest economy in the world, but history may even show the UK held its position a little longer than had been thought.

See also : ONS improves measure of 'new economy'

I assume this is similar to the improvements made by introducing the CPI when the RPI was proving troublesome, their advancements are always well timed.

Thank god this change in a few figures means the economy is now alright again, since everything is clearly fine it looks like the need for a rate cut is entirely superfluous.

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Maybe more UK businesses use Apple Macs than they thought.

'Uni slashes desktop support demands':

http://www.computerworld.com.au/nindex.php?id=1914293296

"In our department we manage some 300 [Mac] desktops with two full-time and one part-time employee," he said. "As a comparison, another department has about 500 Windows desktops and they employ 15 staff.

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See also : ONS improves measure of 'new economy'

I assume this is similar to the improvements made by introducing the CPI when the RPI was proving troublesome, their advancements are always well timed.

Thank god this change in a few figures means the economy is now alright again, since everything is clearly fine it looks like the need for a rate cut is entirely superfluous.

Yes. Phew. Good job that things like debt, balance of trade and employment are now longer relevant in this new paradigm.

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Guest Riser

I assume this is similar to the improvements made by introducing the CPI when the RPI was proving troublesome, their advancements are always well timed.

Typical Brown, if the figures do not support your spin, have them changed. They did it to the growth figures before the election, they amended the dates of his economic cycle, they have been fiddling the CPI figures for years, and now they are amending the basis for calculating productivity. :blink:

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Brown has done more damage to the UK software industry than probably any chancellor in history with IR35 causing a lot of real talent simply to move abroad - is it any wonder time after time public sector IT work goes disastrously wrong, nope.

I don't believe the uplift figures for a minute, neither will many others.

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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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