GRcade

DML wrote:So weird how they keep doubling down and doubling down and doubling down on the same tactics over and over again and not once consider 'hang on a sec, maybe we should soften up a touch'? Its getting them absolutely nowhere, I think they still think its 2016.

Oblomov Boblomov wrote:The obstinate belligerence of it winds me up. You can (unfortunately) be a racist banana split who thinks slavery was great, whatever, but why do you then also need to pretend that it didn't play an enormous role in the development and prosperity of the UK? Do they think that if they admit it, they'll lose some imaginary points on their twat card, eventually leading to them having to admit that slavery and therefore the UK was bad, actually?

Wankers!

How much more it is worth exactly is contentious. Normally you would just look at price inflation—how much more expensive things are to buy over time, which in this case would make a £20 million loan back then worth around £2.4 billion today.

But people’s incomes have changed at a faster rate than prices have over this long period, and the economy has grown at a faster rate still. In 1833, for example, the UK government’s total expenditure was £48.8 million, so the £20 million was around 40% of that.

This matters because, for example, an investment made in the 1800s may appreciate much faster than general prices do, so it would be worth much more now than is shown by inflation.

Depending on what you take into account, £20 million back then could be worth around £17 billion today if you look at how people’s incomes have grown, or even over £100 billion if you look at the size of the economy per person.

https://fullfact.org/economy/slavery-ab ... -act-loan/

Moggy wrote:

Oblomov Boblomov wrote:The obstinate belligerence of it winds me up. You can (unfortunately) be a racist banana split who thinks slavery was great, whatever, but why do you then also need to pretend that it didn't play an enormous role in the development and prosperity of the UK? Do they think that if they admit it, they'll lose some imaginary points on their twat card, eventually leading to them having to admit that slavery and therefore the UK was bad, actually?

Wankers!

Just the figures paid to slave owners should be proof enough of just how profitable it was.

How much more it is worth exactly is contentious. Normally you would just look at price inflation—how much more expensive things are to buy over time, which in this case would make a £20 million loan back then worth around £2.4 billion today.

But people’s incomes have changed at a faster rate than prices have over this long period, and the economy has grown at a faster rate still. In 1833, for example, the UK government’s total expenditure was £48.8 million, so the £20 million was around 40% of that.

This matters because, for example, an investment made in the 1800s may appreciate much faster than general prices do, so it would be worth much more now than is shown by inflation.

Depending on what you take into account, £20 million back then could be worth around £17 billion today if you look at how people’s incomes have grown, or even over £100 billion if you look at the size of the economy per person.

https://fullfact.org/economy/slavery-ab ... -act-loan/

The slave owners were paid the equivalent of 40% of the entire country's government expenditure.

But, yeah, I'm sure an industry that valuable had nothing to do with the prosperity and development of the UK.

Oblomov Boblomov wrote:The obstinate belligerence of it winds me up. You can (unfortunately) be a racist banana split who thinks slavery was great, whatever, but why do you then also need to pretend that it didn't play an enormous role in the development and prosperity of the UK? Do they think that if they admit it, they'll lose some imaginary points on their twat card, eventually leading to them having to admit that slavery and therefore the UK was bad, actually?

Wankers!

Lex-Man wrote:Sunak is going on about the UK's sick note culture but apparently we're below the OECD average.

https://oecdstatistics.blog/2023/02/02/ ... s-compare/

Tomous wrote:

Lex-Man wrote:Sunak is going on about the UK's sick note culture but apparently we're below the OECD average.

https://oecdstatistics.blog/2023/02/02/ ... s-compare/

Sunak comes up with his policies based on vibes, not something as woke as facts and statistics

Tomous wrote:Especially when you only come from humble multi-million beginnings.

Sunak

Moggy wrote:

Tomous wrote:Especially when you only come from humble multi-million beginnings.

Sunak

Hard graft like that means he deserves to enjoy his heated swimming pool.

Lex-Man wrote:Sunak is going on about the UK's sick note culture but apparently we're below the OECD average.

https://oecdstatistics.blog/2023/02/02/ ... s-compare/

Vermilion wrote:
Boils my piss.

twitter.com/PolitlcsUK/status/1782544617356836864