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The Budget

Discussion in 'News & Current Affairs' started by BRID, Mar 20, 2007.

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  1. B.O.B.

    B.O.B. Registered User

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    Suzuki Vitara. It's a 1.6, so not a mahoosive engine either.
    B.O.B., Mar 23, 2007
    #41
  2. B.O.B.

    B.O.B. Registered User

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    A Mercedes SLK 230 does less than 25mpg.
    B.O.B., Mar 23, 2007
    #42
  3. BRID

    BRID Has name in red. Staff

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    loads of cars do less than 25mpg
    BRID, Mar 23, 2007
    #43
  4. B.O.B.

    B.O.B. Registered User

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    That's my point! Quite a few 4x4s do significantly more than that, yet they receive a blanket condemnation (not necessarily in tax terms, just people having a go at them).
    B.O.B., Mar 23, 2007
    #44
  5. BRID

    BRID Has name in red. Staff

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    Finger pointing seems to be the big thing these days unfortunately - as far as taxation goes at least.
    BRID, Mar 23, 2007
    #45
  6. Stephen

    Stephen the reel master

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    Brown WANTED this situation, there are many scenarios stemming from this budget, all of which allow Brown to point the finger at his successor, when he finally makes it into number 10.

    But this one, in light of the way Brown has went about this "tax cut", has really made me think about who I will be giving my vote to at the next election.
    Stephen, Mar 26, 2007
    #46
  7. BRID

    BRID Has name in red. Staff

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    M4 money supply currently stands at 13% ..... which means in 5 years time, at this rate - that the pound in your pocket will have half half the purchasing power than it has today.

    Theft :wink:
    BRID, Mar 29, 2007
    #47
  8. Yosef Ha'Kohain

    Yosef Ha'Kohain Registered User

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    is that not a result of the new £20 notes?
    Yosef Ha'Kohain, Mar 29, 2007
    #48
  9. BRID

    BRID Has name in red. Staff

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    Absolutely nothing to do with it at all unfortunately Joe ;)

    M4 money supply is the rate at which new money is being 'created out of thin air' by the bank of england and introduced into the economy - Its generally a non physical action (the money is just figures added to a banks credit)

    The new 20 quid notes are replacing the old ones, so aye you could say they are new money .... but (i assume) for every one they introduce, they are binning an old 20.
    BRID, Mar 29, 2007
    #49
  10. Yosef Ha'Kohain

    Yosef Ha'Kohain Registered User

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    M4 is the money in circulation....
    Yosef Ha'Kohain, Mar 29, 2007
    #50
  11. BRID

    BRID Has name in red. Staff

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    Yeppers - and the expansion of that is 13% PA

    So every pound you have, is 13% less 'powerful' than it was the previous year based on that.
    BRID, Mar 29, 2007
    #51
  12. Yosef Ha'Kohain

    Yosef Ha'Kohain Registered User

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    its got nothing to do with the expansion, the expansion is just how much money is in circultion - a propsering nation witnesses an expansion.

    It only becomes an issue if money supply grows at a faster rate than GDP growth.... your putting up one half of the equation and assuming it means disaster for the economy.
    Yosef Ha'Kohain, Mar 29, 2007
    #52
  13. BRID

    BRID Has name in red. Staff

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    Yeah - and GDP was 3% last year ..... ;)

    So 3% supposed economy 'growth' (i say supposed, since borrowing constitutes gdp) .... yet 13% rise in money in circulation.


    ...... 10% devaluation of your money ;)
    BRID, Mar 29, 2007
    #53
  14. Yosef Ha'Kohain

    Yosef Ha'Kohain Registered User

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    if you want a real picture

    velocity x m0 = GDP x measure of inflation

    Your sum makes no sense ;)

    (youre also using the figures of two seperate years :lol: )
    Yosef Ha'Kohain, Mar 29, 2007
    #54
  15. BRID

    BRID Has name in red. Staff

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    I feel like Andy_rocks versus the power of Joe and google/wikipedia here ;)


    .... my coffee aint quite kicked in yet - so lets go back to the M4 expansion of 12.8 (and not 13.0) for the previous year against the 3% GDP growth for that year.

    No matter how hard you argue it - the man on the street is still getting fucked up the arse as his income erodes in value ;)
    BRID, Mar 29, 2007
    #55
  16. French William

    French William _________________

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    :lol:

    I think google/wiki is on the other side of the bill in that match though.
    French William, Mar 29, 2007
    #56
  17. Yosef Ha'Kohain

    Yosef Ha'Kohain Registered User

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    but that means nothing?

    work out the equation using last years figures... I can;'t be arsed...
    Yosef Ha'Kohain, Mar 29, 2007
    #57
  18. BRID

    BRID Has name in red. Staff

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    I cant be arsed either - but money supply of over 4 times the rate of GDP ... is not good.
    BRID, Mar 29, 2007
    #58
  19. Phil Mitchell

    Phil Mitchell check me a dollar brer?

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    I've got a Wikipedia search installed on my new phone, its great for those moments when you think 'I wonder what.......' :lol:
    Phil Mitchell, Mar 29, 2007
    #59
  20. ManofScience

    ManofScience Guest

    i do that... i'll be on the sofa then have some random idea pop in my head "i wonder...." :lol:

    i do the same for movies, " in wonder, on IMDB,...." :dunce:
    ManofScience, Mar 29, 2007
    #60
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