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UK economy- 60th successive quarter of growth

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  • #31
    Originally posted by Agathon
    Yes, your denial of reality is indeed amusing.
    I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
    For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

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    • #32
      Originally posted by DinoDoc
      The reforms Thatcher brought to the island.
      QFT.
      "The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.

      "The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton

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      • #33
        Originally posted by DinoDoc
        The reforms Thatcher brought to the island.
        QFT
        THEY!!111 OMG WTF LOL LET DA NOMADS AND TEH S3D3NTARY PEOPLA BOTH MAEK BITER AXP3REINCES
        AND TEH GRAAT SINS OF THERE [DOCTRINAL] INOVATIONS BQU3ATH3D SMAL
        AND!!1!11!!! LOL JUST IN CAES A DISPUTANT CALS U 2 DISPUT3 ABOUT THEYRE CLAMES
        DO NOT THAN DISPUT3 ON THEM 3XCAPT BY WAY OF AN 3XTARNAL DISPUTA!!!!11!! WTF

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        • #34
          Originally posted by Kontiki


          The UK grew by 7.7% from 1971 to 2005 from 55.9 million to 60.2 million. That's an interesting definition of "unlimited immigration" and "population booming".
          Unlimited was poor wording, there's no such thing in a modern country. But the 50's-60's saw very widespread immigration from india/pakistan/west indies, this would be masked somewhat as we had high natural population growth too, but the immigration was pretty large scale.

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          • #35
            Why do the only people who like Thatcher seem to be c0ckney, Spink and dodgy right wing Americans?
            Speaking of Erith:

            "It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda Smith

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            • #36
              My fellow dodgy American, Eli, and I, cannot answer that
              THEY!!111 OMG WTF LOL LET DA NOMADS AND TEH S3D3NTARY PEOPLA BOTH MAEK BITER AXP3REINCES
              AND TEH GRAAT SINS OF THERE [DOCTRINAL] INOVATIONS BQU3ATH3D SMAL
              AND!!1!11!!! LOL JUST IN CAES A DISPUTANT CALS U 2 DISPUT3 ABOUT THEYRE CLAMES
              DO NOT THAN DISPUT3 ON THEM 3XCAPT BY WAY OF AN 3XTARNAL DISPUTA!!!!11!! WTF

              Comment


              • #37
                Originally posted by Provost Harrison
                Why do the only people who like Thatcher seem to be c0ckney, Spink and dodgy right wing Americans?
                I was little young to really know her when she was in her prime (i was 10 when major took over) but the results alone show she was right about a lot of things. I did economics A-level, no further but my heavily old labour, welsh mining family teacher grudgingly admitted she was the right man () at the right time. All labour really needed to do was make the bank of england independent and watch the golden years come in.

                The big blunder economy wise was getting the UK in the E.R.M, it wrecked us in the early 90's and is imho the main reason we aren't in the single currency now.

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                • #38
                  Originally posted by thesilentone


                  Unlimited was poor wording, there's no such thing in a modern country. But the 50's-60's saw very widespread immigration from india/pakistan/west indies, this would be masked somewhat as we had high natural population growth too, but the immigration was pretty large scale.
                  We're not talking about economic growth in the 50s and 60s, though, we're talking about it now. And your population growth hasn't been "booming" for quite some time, especially compared to places like Canada, the US, Australia or even France.
                  "The French caused the war [Persian Gulf war, 1991]" - Ned
                  "you people who bash Bush have no appreciation for one of the great presidents in our history." - Ned
                  "I wish I had gay sex in the boy scouts" - Dissident

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                  • #39
                    I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                    • #40
                      Originally posted by thesilentone


                      I was little young to really know her when she was in her prime (i was 10 when major took over) but the results alone show she was right about a lot of things. I did economics A-level, no further but my heavily old labour, welsh mining family teacher grudgingly admitted she was the right man () at the right time. All labour really needed to do was make the bank of england independent and watch the golden years come in.

                      The big blunder economy wise was getting the UK in the E.R.M, it wrecked us in the early 90's and is imho the main reason we aren't in the single currency now.


                      www.my-piano.blogspot

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                      • #41
                        What is the E.R.M.?
                        ...people like to cry a lot... - Pekka
                        ...we just argue without evidence, secure in our own superiority. - Snotty

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                        • #42
                          Exchange Rate Mechanism.

                          It was a precurser to the single currency in a way. It set our exchange rate within a tight band against the other euro currencies in an attempt to harmonise them in advance of the single currency coming in.

                          I can't remember the exact details but either we were booming and euroland was stagnating or vice versa but having our currency fixed to the euro rate ended up causing a stock market crash. (george soros saw it coming and profited greatly from it..)

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                          • #43
                            We got raped!

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                            • #44
                              Originally posted by thesilentone
                              Exchange Rate Mechanism.

                              It was a precurser to the single currency in a way. It set our exchange rate within a tight band against the other euro currencies in an attempt to harmonise them in advance of the single currency coming in.

                              I can't remember the exact details but either we were booming and euroland was stagnating or vice versa but having our currency fixed to the euro rate ended up causing a stock market crash. (george soros saw it coming and profited greatly from it..)
                              Ah, ok. Thanks for the explanation.
                              ...people like to cry a lot... - Pekka
                              ...we just argue without evidence, secure in our own superiority. - Snotty

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                              • #45
                                Originally posted by Doddler


                                Because there's only banking an industry in an economy?

                                We have focussed on the things we are best at, Germany might move on from stagnation if it did the same.
                                Unfortunately sonny, an economy needs heavy industries as a basis to rely upon.

                                And as i said, those are crumbling right now in the UK because for over 15 years there wasnt any money to make the investments needed to sustain your competitivness.

                                And Germany is doing quite well if I compare the number of German versus the number of UK products in the market.
                                "Ceterum censeo Ben esse expellendum."

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