That's not quite true
the UK population has grown by about 5% between 2010 and 2017 (from 62.8m to current estimate of 66m this year) .
(In fact, the 16-64 population - or peak working age - has grown by a lot less than that, because the population is ageing - only about 1.5%.)
So most of the nominal GDP growth has been nothing to do with that. GDP per capita has grown by around 20% between 2010 and 2017. (You're confusing this a bit with GDP in *real* terms - ie adjusted for inflation - which has indeed barely grown per capita. But when you're looking at tax takes, it's nominal GDP - ie in current pounds and pence - that is relevant.)
Posted By: Tricky Hawes on May 25th 2017 at 16:57:33
Message Thread
- FAO Larrald re Corporation Tax........ (General Chat) - Kirrie, May 25, 16:20:14
- Well.................................... ..... (General Chat) - Larry Hagman, May 25, 20:51:20
- Er.... (General Chat) - Tricky Hawes, May 25, 16:34:50
- Economic growth encouraged (in part) by lower corporation tax rates (General Chat) - Jim, May 25, 17:22:27
- (Of course, someone on your wing of politics (General Chat) - Tricky Hawes, May 25, 16:45:25
- Ah see this is WW2 as you have summarised the same argument above (n/m) (General Chat) - Jim, May 25, 17:23:26
- Sorry meant see my comment above is WW2 (n/m) (General Chat) - Jim, May 25, 17:23:50
- Ah see this is WW2 as you have summarised the same argument above (n/m) (General Chat) - Jim, May 25, 17:23:26
- details... (General Chat) - Ralf Scrampton, May 25, 16:42:36
- That's not quite true (General Chat) - Tricky Hawes, May 25, 16:57:33
- why would i not be adjusting for inflation when trying to compare across years? (General Chat) - Ralf Scrampton, May 25, 17:31:54
- because we were talking about the tax base (General Chat) - Tricky Hawes, May 25, 18:08:24
- which again gives a misleading picture dunt it? anyway your last 2 words were 'economic gr (General Chat) - Ralf Scrampton, May 25, 21:59:56
- Details (General Chat) - Old Git, May 25, 18:26:11
- it is isn't it? (n/m) (General Chat) - Ralf Scrampton, May 25, 22:01:21
- because we were talking about the tax base (General Chat) - Tricky Hawes, May 25, 18:08:24
- why would i not be adjusting for inflation when trying to compare across years? (General Chat) - Ralf Scrampton, May 25, 17:31:54
- That's not quite true (General Chat) - Tricky Hawes, May 25, 16:57:33
Reply to Message
In order to add a post to the WotB Message Board you must be a registered WotB user.
If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.