British Economy a House of Cards!
- Thread starter Wetcoast40
- Start date
The British economy is outpacing all of the G7 countries at the moment. We have the lowest unemployment rate in the G7 and also the lowest national debt -
"The UK's economy is continuing to grow strongly and the Government is meeting its strict fiscal rules for sound public finances the British finance minister, Chancellor of the Exchequer Gordon Brown, said during his Budget speech today.
The debt interest payment bill was now $7.7bn (£4bn) less than in 1997 - the lowest for a century.
In fact Britain had the lowest debt burden of all its major competitors, the Chancellor said.
He revealed figures that say that compared with last year, a single average-earner couple with two children will be at least $289 (£150) a year better off in real terms.
Meanwhile, he said there would be free local bus travel for every pensioner over 60 from next year.
There would be extra help for first time buyers to include shared equity schemes helping 100,000 new homeowners.
Mr Brown also announced that service personnel injured in duty will receive new compensation and would not be taxed on it if they stay in the armed forces.
In other measures, $52m (£27m) will be put aside for a new national sports foundation.
There will be further action on climate change, including new fiscal incentives and an 'energy services summit'.
And there will be a special memorial erected on the Mall in London to the late Queen Mother. "
"The UK's economy is continuing to grow strongly and the Government is meeting its strict fiscal rules for sound public finances the British finance minister, Chancellor of the Exchequer Gordon Brown, said during his Budget speech today.
The debt interest payment bill was now $7.7bn (£4bn) less than in 1997 - the lowest for a century.
In fact Britain had the lowest debt burden of all its major competitors, the Chancellor said.
He revealed figures that say that compared with last year, a single average-earner couple with two children will be at least $289 (£150) a year better off in real terms.
Meanwhile, he said there would be free local bus travel for every pensioner over 60 from next year.
There would be extra help for first time buyers to include shared equity schemes helping 100,000 new homeowners.
Mr Brown also announced that service personnel injured in duty will receive new compensation and would not be taxed on it if they stay in the armed forces.
In other measures, $52m (£27m) will be put aside for a new national sports foundation.
There will be further action on climate change, including new fiscal incentives and an 'energy services summit'.
And there will be a special memorial erected on the Mall in London to the late Queen Mother. "
thanks, Blackie. I am currently looking at your comments on the EU being 20 years behind the US. Fascinating stuff!
Britain is experiencing the longest, continuous economic growth since 1701.
Our GDP per capita has now overtaken France, Germany and Italy and is the 8th highest in the world.
The economy is expected to grow between 3.5% and 3.8% in 2005, compared with about 2.1% for France and 0.9% for Germany.
Britain has the lowest unemployment in the G7 countries, and the third lowest in the Western World (only Ireland and Luxembourg have lower).
Our national debt is the lower than all out major competitors.
I suppsoe Britain is experiencing an economic miracle the way Germany and Japan did after the War.
Our GDP per capita has now overtaken France, Germany and Italy and is the 8th highest in the world.
The economy is expected to grow between 3.5% and 3.8% in 2005, compared with about 2.1% for France and 0.9% for Germany.
Britain has the lowest unemployment in the G7 countries, and the third lowest in the Western World (only Ireland and Luxembourg have lower).
Our national debt is the lower than all out major competitors.
I suppsoe Britain is experiencing an economic miracle the way Germany and Japan did after the War.
I am assuming that British numbers are not included in the EU numbers since they are not full members. Correct?