Friday, February 6, 2009

How to fiddle GDP

New prison worth £17m to economy

One group of people guarding another group of non-working imprisoned people, all fed and housed by the taxpayer, is in fact a 17 million investment in UK PLC. We're all going to be rich ! Hurrah !

Posted by stillthinking @ 09:47 AM (612 views)
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7 thoughts on “How to fiddle GDP

  • It will be interesting to see if they uncover an asbestos pollution problem on the site. I don’t think this figured very highly in the early days of brake and clutch lining manufacture.

    Still, great spot for offenders, scenically positioned on the banks of the Menai Straits. Cells with a view command a premium!!! Plenty of scope for expansion too – I bet the guy who owns the adjoining low grade industrial site wouldn’t object to a buy out.

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  • Thie may well be most welcome to those nuaughty boys (and girls) who never serve sentences within any sort of distance of their families, and will obviously provide some reasonable jobs to North Wales with the contruction and running the place but it literally a drop in the ocean of this recession………….
    ****BREAKING NEWS****
    Newsagent takes on paperboy in Scunthorpe……..
    ****BREAKING NEWS****
    AA takes on 10 new patrol men/women…….
    ****BREAKING NEWS****
    16,000 post office workers made redundent…..

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  • Its the same mentality as saying we should go down every high street and smash up everything, this will create untold numbers of jobs and bring prosperity and investment to a community near you. What a waste of resources, necessary but still a waste, to build prisons; this is not investment!

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  • mat the hat…

    I reckon we might need more prisons when the hordes start thieving, taking the nice pure white herion coming into the country and contrary to that sullen chopped home secretary idiot Jacqui smith, burgling our houses……

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  • If a member of every household cleaned the windows of the neighbour instead of their own windows, made a small charge and declared it to the Inland Revenue the GDP of the UK would rise, but nothing of significance would have changed. the country would not be any wealthier.
    GDP just measures what can be taxed but not what the country is earning.
    The GDP can rise and that looks good, just as long as the Balance Of Trade Deficit is ignored.

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  • Social security benefits / public expenditure also add to a country or regions of the UK’s GDP!

    Take Scotland and Yorkshire and the Humber (Y+H) as an example both have populations of 5 million, Scotland manages to obtain an extra £7.5 billion public money compared to Y+H, thus Scotlands GDP is £1.500 pounds higher than Y+H, perverse but true!

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  • ontheotherhand says:

    49% of the UK economy will be state spending this year, but break that down.
    Wales 71.6% of economy will be state spending this year
    Northern Ireland 77.6%
    Northeast England 66.4%
    London 36%

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