Iron Bru › Forums › Non Football › ‘Growth growth growth!’ › Reply To: ‘Growth growth growth!’
You’re the one who needs to check their facts, Gurny. The percentage of children and youth migrants is significantly lower than UK-born while the percentage of migrants between 26 and 64 is much higher than UK-born and around 12% of migrants are 65 and over compared to 20% of the UK population. These are big numbers of people in the older age groups who are far less likely to be paying the same proportion of taxes. I don’t personally have a problem with this but saying they’re not having a big impact on public services is quite simply untrue.
As for recession, again that isn’t true. In addition, we’ve just heard that initial figures suggest August saw a drop of 0.3% in GDP, which is precisely why the Government’s taken the action it has while the IMF is now saying the UK will have the fastest growth of G7 countries this year. It’s also the case that while the UK’s inflation rate is very high, this was brought down enormously by the mini-budget while support for the pension funds by the BoE has only been necessary because of the crazy risks they’ve been taking to cover final-salary pensions.
The markets and everyone has become used to cheap and easy money but that has to stop. The Bank should have increased interest rates earlier and the fact the Fed did so much faster and higher is one reason the pound has suffered, although this is true for all the major currencies, including the euro. None of this means the Government hasn’t made a lot of mistakes, which it clearly has, but again that doesn’t mean the economy is anything like as bad as being claimed by the predictable suspects.
As for recruitment, this is a big problem. The irony here is that it’s largely down to people not working and the reasons for this are very much open to debate. Some claim it’s down to illness while others claim it’s down to personal choice following the pandemic and the reality is probably somewhere in the middle. Of course Brexit will have had an impact on this but as Deerey’s article says, so will many other factors.