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Saturday, 2 May 2015

Saturday, May 02, 2015 Posted by Jake No comments Labels: , , , , , ,
Posted by Jake on Saturday, May 02, 2015 with No comments | Labels: , , , , , ,

Figures from the Office for National Statistics (ONS) published in March 2015 show:

1) Gross Domestic Product (GDP) exceeded the pre-recession peak in the summer of 2013. By the end of 2014 GDP was 4% above the pre-crash peak in 2007. Yay :)

2) However, much of this growth came from growth in population.GDP per person was actually 1% lower than the pre-crash peak. Oops!

3) Net National Disposable Income, which is the GDP left once the "Rest of the World" has taken its share, is 4% below the pre-crash peak! Oh dear :(

The Rest of the World owns a large chunk of the assets in Britain, including over half the shares on the UK stock exchange. Once they have taken their share, the ONS figures shows UK resident's share of GDP has hardly changed in the last 5 years.
A consequence of the "low wage recovery": not much to show for 5 years of austerity for hard working ripped-off Britons.

We go into greater detail in another post, >>click here<<

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