Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.
Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.
LOL
Fuck off and learn something before you give it large pal.
Productivity, as in GDP per capita. Not GDP.
https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis/#assumptions
No it’s GDP, you are simply wrong, confidently wrong I will grant you, but wrong.
Tell me genius, what’s the measure for long term productivity growth the OBR uses here?
https://obr.uk/box/productivity-growth-long-term/
Oh right, look at that, it’s GDP.
I mean, are you saying Bloomberg is also wrong?
Again, resorting to insults just shows up your immaturity and the fact that you’ve lost this debate.
You don’t understand your own link, 🤡
Fucking hell,
GDP is one thing
GDP per capita is a measure of productivity and living standards
Once you’ve worked that out, tell me what the loss of productivity that the OBR is forecasting is down to.
Hint, it’s comparative advantage. When you’ve learned what that is, let me know.
Yeah I know what the difference is, I’ve just shown you that the OBR is referring to GDP when they walk about ‘long term productivity growth’ and nothing you have posted there contradicts that.
Seems to be a pattern here, you say something incorrect, I point it out, and you throw insults.
Lol, no they’re not. Productivity is not GDP…
And the 4% is over 15 years and is a result of loss of comparative advantage.
If you have to compound an effect over 15 years to get 4%, the effect is fuck all.
So why do Bloomberg put it at 100bn based on that 4% figure?
Yeah, sounds unlikely doesn’t it?
Let me ask you, what do you think it’s cost the UK per year in billion pounds?
But that’s what the forecast says. 4% of productivity lost over the long term of 15 years due to loss of comparative advantage
https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis
But the forecast is for the cost, no benefit is included.
The loss of comparative advantage is replaced, I’d argue, with competitive advantage which has a much stronger effect. The UK is no longer bound by the anti science regulations on genetic engineering and the new overly restrictive proposed regulations on AI
GDP per capita is a ratio of GDP / population, so if you do more with fewer people, by using automation, robots and AI, your GDP per capita will grow…
The 4% figure over 15 years is a difference of 0.29% to 0.27% productivity growth. Government policy has at least that 0.02% effect
I predict a Starmer govt will be able to introduce policy that will offset the productivity loss just by investing in renewable energy, let alone any research universities’ innovations.
long-run productivity is GDP mate. Unless you have something which actually says otherwise? Even assuming it is GDP per capita, so what?
Yes it is included, there isn’t any.
Uh-hu… back to maybe and could then…
Mate, I work in IT, have done for 25 years. There is no EU regulation preventing productivity increasing thanks to automation, what a load of nonsense.
Also, we don’t have fewer people do we, we have more people.
Show me a source from somebody credible that says that exactly.
I have a credible source says it’s costing 100bn a year.
Here’s another one
https://www.independent.co.uk/news/uk/politics/brexit-damage-uk-economy-covid-b2308178.html
Britain’s gross domestic product (GDP) will be 4 per cent smaller than if the country had stayed in the EU, the head of the government’s fiscal watchdog confirmed on Sunday.
Pretty clear that if you ask me, from a national newspaper.
I predict it could all have been done in the EU, and research and development would have been easier and cheaper to collaborate on to boot.
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🤦♂️
Not maybes or coulds. Overly restrictive regs, because all EU law is civil law, not common as in the UK. I doubt you’ll ever admit you don’t know what you’re talking about though
https://www.theverge.com/2023/6/30/23779611/eu-ai-act-open-letter-artificial-intelligence-regulation-renault-siemens
What’s the long range population forecast for the UK genius?