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Post by Pacifico on Sept 6, 2023 7:03:54 GMT
So where's the money gone. This might help...
Investment in the industry has roughly doubled since privatisation in 1989, rising drastically in the 1990s. Average totex (total expenditure) has been consistently running at around £10bn a year since 2000, and average capex (capital expenditure – money spent on assets, such as such as buildings, equipment, and technology) has been between £5bn and £6bn a year, reaching the highest point in that range (£6bn) between 2015-2020.
While capex is the more traditional measure of investment, some modern types of investment (such as investment in sustainable and environmentally friendly solutions) may involve less capital expenditure and more operating costs (which are covered in totex figures). This is why we have moved towards a focus on that total investment, rather than a crude focus on one kind of expenditure. So, the nature and focus of investment has changed, not the level of investment.
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Post by zanygame on Sept 6, 2023 22:09:02 GMT
So where's the money gone. This might help...
Investment in the industry has roughly doubled since privatisation in 1989, rising drastically in the 1990s. Average totex (total expenditure) has been consistently running at around £10bn a year since 2000, and average capex (capital expenditure – money spent on assets, such as such as buildings, equipment, and technology) has been between £5bn and £6bn a year, reaching the highest point in that range (£6bn) between 2015-2020.
While capex is the more traditional measure of investment, some modern types of investment (such as investment in sustainable and environmentally friendly solutions) may involve less capital expenditure and more operating costs (which are covered in totex figures). This is why we have moved towards a focus on that total investment, rather than a crude focus on one kind of expenditure. So, the nature and focus of investment has changed, not the level of investment.
That's not what the graph says. Numbers don't lie. |
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Post by Pacifico on Sept 7, 2023 6:28:29 GMT
This might help...
Investment in the industry has roughly doubled since privatisation in 1989, rising drastically in the 1990s. Average totex (total expenditure) has been consistently running at around £10bn a year since 2000, and average capex (capital expenditure – money spent on assets, such as such as buildings, equipment, and technology) has been between £5bn and £6bn a year, reaching the highest point in that range (£6bn) between 2015-2020.
While capex is the more traditional measure of investment, some modern types of investment (such as investment in sustainable and environmentally friendly solutions) may involve less capital expenditure and more operating costs (which are covered in totex figures). This is why we have moved towards a focus on that total investment, rather than a crude focus on one kind of expenditure. So, the nature and focus of investment has changed, not the level of investment.
That's not what the graph says. Numbers don't lie. read it again |
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Post by zanygame on Sept 7, 2023 19:52:47 GMT
That's not what the graph says. Numbers don't lie. read it again You read it again. DEBT 50Bn CAPEX 5Bn. |
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Post by Pacifico on Sept 7, 2023 21:11:56 GMT
You read it again. DEBT 50Bn CAPEX 5Bn. ..and the link explained why Capex was not used any more... |
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Post by zanygame on Sept 7, 2023 21:45:57 GMT
You read it again. DEBT 50Bn CAPEX 5Bn. ..and the link explained why Capex was not used any more... To big a gap between borrowing and Capex for me to take notice. |
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Post by dodgydave on Sept 9, 2023 1:45:56 GMT
I am not arguing that rich people shouldn't pay more tax. I am saying that many people have a simplistic view of "tax the rich", and that it is misguided. Example: I was listening to James O'Brien the other day, and he (again) repeated the lie that Non-Doms do not pay tax in this country. The truth is they pay a fee of £30,000 - £60,000 per year which allows their FOREIGN earnings to be taxed in a FOREIGN country. If they bring ANY of that money into the UK they are double-taxed on it. Unless you believe Non-Doms can live on fresh air... they pay tax in the UK. Again, wealth is not income. So how do you tax wealth? Currently we tax wealth when it is realised and becomes income (eg selling shares). If you want to end that and tax wealth that is fine, but just think about the precedence it sets. Once you allow the principle of "unearned income" being liable for tax, then they will come after everybody's "unearned income". Also, "hoarding" implies other people would have access to that money, but for somebody hoarding it. That is just not true. What you call hoarding is mostly "on paper" wealth in the form of shares or property. How exactly are you going to share that out??? |
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Post by zanygame on Sept 9, 2023 7:54:23 GMT
Its very easy to say how it shouldn't be done, not quite so how it should. Yet the fact is the wealth gap in the UK is now obscene and the country is falling to pieces. That's taking his words literally. Clearly want is happening is that these people are choosing the cheaper option. Paying far less than they otherwise would. Could we all have that option? Yes I know that. Again what I said was you need to be aware of that wealth. Someone who has two super yachts and 6 homes can afford a bit more tax and if they can't, then yes they need to sell some. As for coming after everybody's "unearned income". That's the slippery slope argument, which is just scare stories. Its quite possible to set a minimum amount of asset wealth well above anything the average person could even dream of having. The problem with hoarding is that in removes assets from the economy. Empty homes causing housing shortages. Empty retail units forcing up rental prices. I know people who own fields of land that they do nothing with. Dead money. People earning so much they can't begin to spend it, while saying if they are asked to contribute more to the beautiful country they live in then they will leave. Passion aside. I'd love to hear your solution because its a problem getting worse every year. |
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