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Thread: Fiscal deficit of £6000 per capita shows need for NI growth

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    Default Fiscal deficit of £6000 per capita shows need for NI growth

    Our fiscal deficit still soars over rest of UK - Business News, Business - Belfasttelegraph.co.uk

    The linked news story explains that per capita there is a £6000 deficit in NI. That is, spending by government exceeds tax raised by £6000 per head.

    Some basic maths - assuming the population of Ireland (Republic of) is double that of NI - indicates that a £3000 tax hike per head would be needed to sustain NI if there were to be a UI tomorrow. Politically unpalatable.

    That is why we need to get economic development north of the border in order to make sure that a UI is not unattractive economically.

    Hence the need for pro-growth policies that the Executive powersharing coalition is putting forward.
    Last edited by factual; 22nd November 2012 at 10:05 PM.

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    Quote Originally Posted by factual View Post
    Our fiscal deficit still soars over rest of UK - Business News, Business - Belfasttelegraph.co.uk

    The linked news story explains that per capita there is a £6000 deficit in NI. That is, spending by government exceeds tax raised by £6000 per head.

    Some basic maths - assuming the population of Ireland (Republic of) is double that of NI - indicates that a £3000 tax hike per head would be needed to sustain NI if there were to be a UI tomorrow. Politically unpalatable.

    That is why we need to get economic development north of the border in order to make sure that a UI is not unattractive economically.

    Hence the need for pro-growth policies that the Executive powersharing coalition is putting forward.
    Are you sure? have you got that from the economic appraisal unit from Connolly House?
    http://ulstersdoomed.blogspot.com/ http://www.requetes.com
    For unionism this is as good as it gets, for nationalism this is the worse it can be.

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    Every sattizzen in eire is indebted personally,and jointly and severally,to the tune of 47250 euros.Is this payback time for propagating the great famine myth?

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    Quote Originally Posted by Ex celt View Post
    Every sattizzen in eire is indebted personally,and jointly and severally,to the tune of 47250 euros.Is this payback time for propagating the great famine myth?
    Aren't they getting a 3000 euro family tax hike soon as well? Yeesh.

    But Stormont needs to get NI contributing more to the UK economy.
    Love me. Cherish me. I'm a unionist.

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    Politics.ie Member ArtyisBack's Avatar
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    Ireland
    Current Account 3235.00
    Balance of Trade 2900.00EUR Million

    Britain
    Current Account -20767.00
    Balance of Trade -2699.00 GB£Mill

    Look who is paying their way in the world.

    Oh dear - a lot of cuts to come.
    http://ulstersdoomed.blogspot.com/ http://www.requetes.com
    For unionism this is as good as it gets, for nationalism this is the worse it can be.

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    Quote Originally Posted by ArtyisBack View Post
    Ireland
    Current Account 3235.00
    Balance of Trade 2900.00EUR Million

    Britain
    Current Account -20767.00
    Balance of Trade -2699.00 GB£Mill

    Look who is paying their way in the world.

    Oh dear - a lot of cuts to come.
    Fail. Does not understand difference between budget deficit and current account deficit.

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    Hey Factual, did you have a good holiday?
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Quote Originally Posted by hiding behind a poster View Post
    Hey Factual, did you have a good holiday?
    Yes absolutely great. The weather in Chile was fantastic, the wine, climing in the Andes, and the Pacific. All great. Miss the lovely sun now.

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    Quote Originally Posted by factual View Post
    Yes absolutely great. The weather in Chile was fantastic, the wine, climing in the Andes, and the Pacific. All great. Miss the lovely sun now.
    Good stuff. Don't expect to see that sun back for a while, now. I felt the same getting off a plane from Portugal about a month ago - a real "winter starts NOW" feeling.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Quote Originally Posted by hiding behind a poster View Post
    Good stuff. Don't expect to see that sun back for a while, now. I felt the same getting off a plane from Portugal about a month ago - a real "winter starts NOW" feeling.
    I know. There is still such a lot of the winter. I am living in London this year and this week it is just rain rain rain.

    What part of Portugal were you in ? I thought Lisbon was a fun city.

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