George Osbourne

[Bruce Wayne]

Bruce try to catch C4news tonight on line , your wrong mate .

It wouldn't be me that's wrong, it'd be the Office of National Statistics. They provided the data. I'd rather believe them than John Snow.

 

[Bruce Wayne]

In your opinion yes, obviously consumerism has really took off.

It would be good to compare those figures against other countries, as a point of reference.

I'm not Damon y'know, I don't have Wikipedia at my beck and call

 

[BigBlueBalls]

I don't like the current trend of borrowing from peter to pay paul, then having the heavies go and repossess peters house for the privilege.
No Bonus tax was a shambles. Free schools is yet to be decided. When did politicians take a pay cut (or freeze) and be made to pay more into their huge pensions for actually less when they claim it?
Do as I say, not as I do.
And Labour don't get let off either, they masterminded the debacle and allowed the Tories in to clean it up. Both as bad as each other.

 

[kenada_blue]

BTW, if we take the 33p for a loaf in 1980 and plug that into the inflation calculator over at the B of E, it returns a price now of £1.32. According to Tesco I can get a nice loaf of seeded batch for 88p. Not a bad saving there is it? Obviously a loaf of white is cheaper still.

So that proves we're 4 times richer than the 70's and 80's?

Yes, and the computer you're writing that message on would have cost you a few million back then

Or buying a hover in the 60's.

The price of essentials matches the income and what people can afford. To say we're "4 times richer" because we can consume things people in past era's couldnt doesnt match up when you talk about day-to-day essential living costs.

 

[davek]

Don't mean to burst that bubble Dave, but that aint true either. See below, it shows real disposable income per head of the population. See how nicely it's gone up?

http://www.telegraph.co.uk/finance/economics/8443114/UK-economy-in-graphs.html?image=5

I make it roughly doubled since 1980.

That graph's interesting but at the same time, in and of itself as an average, it tells us nothing much. For you to sustain your point you'd have to break that rise down proportionately. How much of the rise over time has the richest/poorest 10% secured, for example?

Wealth is a relative thing.

 

[chicoazul]

I'm not Damon y'know, I don't have Wikipedia at my beck and call

Pfft.

 

[linglong]

Of course it is a limited sample, but I know half a dozen teachers and sadly they're all much the same. Virtuous bastions of knowledge and academia they really are not.

Just joshing Bruce i have issues with facebook,lol

 

[Bruce Wayne]

So that proves we're 4 times richer than the 70's and 80's?



Or buying a hover in the 60's.

The price of essentials matches the income and what people can afford. To say we're "4 times richer" because we can consume things people in past era's couldnt doesnt match up when you talk about day-to-day essential living costs.

The question originally asked me was that selling the state owned utilities did not make the country richer. GDP is typically regarded as the measure of a nations wealth. GDP per capita is now around 4 times what it was in the 1980's, therefore, by the standard measure, we are 4 times as wealthy as a nation as we were back then.

I then showed in the 2nd chart in response to Dave that disposable income, ie that left after taxes etc. is double what it was in the 80's.

I'm sure if you did a search for things like life expectancy, education and various other quality of life metrics you'd also find that they are higher than they were in the 80's. As I've said before, the media exist to peddle the story that life is ****. It's what they regard as 'news' and because it gets us all talking about how **** things are, they sell newspapers. Thankfully we're all free thinking sorts with a mind of our own and can question the doctrine we're fed if we so wish. Or not. The choice is yours.

 

[Jib in lad]

It wouldn't be me that's wrong, it'd be the Office of National Statistics. They provided the data. I'd rather believe them than John Snow.

Adam boulton man are yer .

 

[Bruce Wayne]

That graph's interesting but at the same time, in and of itself as an average, it tells us nothing much. For you to sustain your point you'd have to break that rise down proportionately. How much of the rise over time has the richest/poorest 10% secured, for example?

Wealth is a relative thing.

Household income stats for Britain

http://www.ons.gov.uk/ons/publications/re-reference-tables.html?edition=tcm:77-51628

1980 was £13,947
2006/7 was £25,831

I'm sure you're aware of how difficult it is to get data on growth for richest/poorest but as you wish to prove the point I will beholden you with finding that out and assume there is no uneven distribution until you prove otherwise, innocent until proven guilty and all that

 

[Bruce Wayne]

Adam boulton man are yer .

I've no idea what you just said.

 

[Blue Pride of Brum]

does that make allowances for inflation my man ????

 

[Bruce Wayne]

Yes, it's based on 2006 prices and worked backwards.

 

[Bruce Wayne]

Two more for the unscientific list of teachers I know on Facebook. One went Christmas shopping yesterday, the other spent it making birthday cakes

 

[billybinghamsboy]

Two more for the unscientific list of teachers I know on Facebook. One went Christmas shopping yesterday, the other spent it making birthday cakes

Them cakes are they for baby jesus