Rilly?

And what we know is private capital has ceased to be available for active investment it is now almost solely directed to rent seeking. In that case it is only state created funding that can create this process of change.

Oh:

Main points
Gross fixed capital formation (GFCF), in volume terms, was estimated to have fallen by 0.5% to £85.2 billion in Quarter 2 (Apr to June) 2018 from £85.6 billion in Quarter 1 (Jan to Mar) 2018.

Business investment was estimated to have fallen by 0.7% to £47.5 billion between Quarter 1 2018 and Quarter 2 2018.

Between Quarter 2 2017 and Quarter 2 2018, GFCF was estimated to have fallen by 0.6% from £85.8 billion; business investment was estimated to have fallen by 0.2% from £47.6 billion.

The sectors that contributed to the 0.5% GFCF fall between Quarter 1 2018 and Quarter 2 2018 were public corporations’ dwellings, business investment and private sector transfer costs.

The asset that contributed most to the decrease in GFCF over the same period was transport equipment.

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2. Things you need to know about this release
The estimates in this release are short-term indicators of investment in non-financial assets in the UK, such as dwellings (residential buildings), transport equipment (planes, trains and automobiles), machinery (electrical equipment), buildings (non-residential buildings and roads) and intellectual property products (assets without physical properties – formerly known as intangibles). This release covers not only business investment, but asset and sector breakdowns of total gross fixed capital formation (GFCF), of which business investment is one component.

Business investment is net investment by private and public corporations. These include investments in transport, information and communication technology (ICT) equipment, other machinery and equipment, cultivated assets (such as livestock and vineyards), intellectual property products (IPP, which includes investment in software, research and development, artistic originals and mineral exploration), and other buildings and structures.

Business investment does not include investment by central or local government, investment in dwellings, or the costs associated with the transfer of non-produced assets (such as land).

£50 billion a quarter. £200 billion a year, maybe 10% of GDP. Private capital has ceased to be available for active investment. Hmm.

6 comments on “Rilly?

  1. It’s obvious that the buffoon doesn’t really know what rent seeking is. It’s just a phrase he’s picked up and now uses regardless of it’s appropriateness
    I note also that he’s blaming the french riots on not taxing the rich enough – rather than them actually rioting because of the taxes on diesel – but then again that goes against his green credentials aka sucking up to caroline lucas so he can get in her knickers (green apart from his addiction to flying and owning a 4 bedroom house when he’s a single occupant)
    A quick thought – wouldn’t his proposed new green deal and subsidised solar panels on every flat surface /windmills a gogo – wouldn’t those subsidies be a form of rent seeking?

  2. He’s amazing – he gets everything wrong. He’s a reliable Bellweather (or bell-end), if you assume the opposite of everything he states.

  3. The cunt is wee versed in setting his own agenda.

    “private capital has ceased to be available for active investment it is now almost solely directed to rent seeking”

    No matter how many statistics you throw at him about investment, he will say it is rent seeking investment. If you unearth an area such as EIS which by its very nature is as active an investment as you can get he will just say the amounts are relatively small.

    Arguing with that cunt is like fighting a bucket of diarrhea.

  4. Sorry (not sorry) to be pendantic, but it’s spelt bellwether, literally a wether with a bell round it’s neck; a castrated beast you can always hear.

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