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How the U.K. broke its own economy

theatlantic.com

331–340 of 784 posts

Re: How the U.K. broke its own economy

#331

Earlier quoted context omitted.

Lighthouses have only become aesthetic because of their rarity rendering them as quaint or nostalgic. Modern versions and their impacts would be largely protested.

I suspect the real reason behind objections to technology being visible is basically "It makes me feel old by highlighting that I came from a time before X and now everyone will just become accustomed to X!".

And I'm like "whoa, I'm living in the future!" It's awesome!

Re: How the U.K. broke its own economy

#332

The last government intentionally banned the cheapest source of energy, onshore wind, from being built in England, by making it so that a single complaint could stop a project. I cannot believe this article talks about planning constraints and energy prices and doesn't mention that.

As we can see down thread, people have got into a terrible mess of duelling propaganda and gone mad about wind power.

We can have cheap clean energy, it requires a small amount of change, oh no, let's destroy everything instead.

I'm going to start suggesting that planning should have a local referendum: approve this set of projects and you'll get cheaper electricity. Disapprove and your bill goes up. Democratic choice, but with consequences.

Re: How the U.K. broke its own economy

#333
post #123

Earlier quoted context omitted.

[flagged]

Seriously? UK was the only EU member not part of the Schengen Zone as-in it was the only member you couldn't freely immigrate to. As well as it's an island, nobody hoping a boat from Morocco and landing in London. Pakistani's aren't taking your job. The economy is just stagnating. Post-Pandemic is a huge anomaly [1] but the article is talking about stuff pre-2019. [1]: https://commonslibrary.parliament.uk/research-br…

Actually both the UK and Ireland were the only two EU members not part of the Schengen Zone (opt-outs since 1997). Since UK Brexit'ed in 2020, that just leaves Ireland.

Re: How the U.K. broke its own economy

#334
post #60

I have some friends over there and they (or their employers) are cutting back on their business expenditures, staffing and overall outlook. The new payroll taxes (unemployment insurance?) are going to bite both employers and employees alike. Taxes are too high, there's too much red tape for businesses and successive governments have failed to invest in anything outside of the "south" (e.g. Greater London). I was (hal…

I don't know why you think the north and Scotland would be better off together. The south east would only get richer under such a scenario. Taxes-too-high is a common refrain but income tax + national insurance takes 26% of my 95th-percentile income. Is that so bad?

You forgot employers NI

(for the unfamiliar - the employER has to pay 15% from April - not a typo - of part of your salary in taxes to the government and this is hidden from your payroll taxes as an employee)

What's the % if you include those deductions?

In my case my tax rate is 29% but employers NI is 13% so 42%, going up to 44/45% in April

Re: How the U.K. broke its own economy

#335

Fascinatng that `brexit` isn't mentioned once in that article. Making trading harder with your closest neighbour can't be a great move for the economy.

Yes that’s really funny. Im not sure how you can write an article like this and never even mention it once. Brexit was the most stupid thing a country ever did to itself, and the full effects are just starting to come to the surface now. I dont think the UK will ever fully recover from it.

Whilst brexit was a bad idea —- look forward not backward! Planning reform is a viable opportunity and making it as good as possible is a much better use of energy than moaning about mistakes past.

Re: How the U.K. broke its own economy

#336

Fascinatng that `brexit` isn't mentioned once in that article. Making trading harder with your closest neighbour can't be a great move for the economy.

Yes that’s really funny. Im not sure how you can write an article like this and never even mention it once. Brexit was the most stupid thing a country ever did to itself, and the full effects are just starting to come to the surface now. I dont think the UK will ever fully recover from it.

> Brexit was the most stupid thing a country ever did to itself,

Trump tries very hard to make Brexit the second most stupid thing a country did to itself.

Re: How the U.K. broke its own economy

#337

Earlier quoted context omitted.

Batteries aren't produced at remotely enough scale to be viable for grid storage. To put this in perspective, the world uses 60 TWh of electricity per day. By comparison global lithium ion battery production was 1.1 TWh [1]. Remember, production capacity is distinct from the actual production figures. It's typical for actual production figures to be ~50% of production capacity. Intermittent sources don't just experie…

Modelling in Australia with simulations that multiply up current wind and solar (using real-time data of actual renewable generation) [1] showed that well over 99% of demand can be delivered with only about five hours of storage, so we're not really talking about days. There will likely always be some gas peaking but we're talking less than a percent per year (maybe a few single digit percent in some places where sol…

Australia is a hot country, with lots of sunshine, lots of windy coast and not a lot of people per square mile. And peak demand (summer days for AC) corresponds for peak solar irradiation.

Europe, for example, is the other way around for most of the above.

Re: How the U.K. broke its own economy

#339
> Postwar Britain had been swept up by the theory that nationalization created economies of scale that gave citizens better outcomes than pure capitalism. “There was an idea that if we could rationalize the planning system … then we could build things in the right way—considered, and planned, and environmentally friendly,” ... But the costs of nationalization became clear within a few decades.

Central economic planning - the eternal hope that never works.

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