abc123 wrote:And nobody doctored anything it was a simple mistake, plus using my phone...
Good of you to acknowledge your fallibility - I retract my statement and apologise.
clinch wrote:Incidentally, I think Sir John Parker put the figure at more like 37 per cent.
donald_of_tokyo wrote:I think 37% is not correct (simply because it is the number proposed from ship-building industry insiders). Surely, Treasury can do the calculation. It is politics, to ORDER Treasury to do it.
HMG tax take is 36.9% of GDP (please see link to a recent IFS study below), so any portion of the project that goes towards increasing UK GDP, rather than another countries, increases HMG's tax take.https://www.ifs.org.uk/bns/bn09.pdf
Total UK government receipts are forecast to be £716.5 billion in 2016–17, or 36.9% of UK GDP. This is equivalent to roughly £13,500 for every adult in the UK, or £10,900 per person. Not all of this revenue comes from taxes: taxes as defined in the National Accounts are forecast to raise £665.1 billion in 2016–17, with the remainder provided by surpluses of public sector industries, rent from state-owned properties and so on.
The surpluses of state-owned industries etc come to around 6.4% (or £45b)
Jake1992 wrote:my big concern would be wether the treasury would give the the tax saving back to the mod or not
Indeed - it won't - that is the major issue.
Ron5 wrote:None of these quotes supports your statement that "The two consortia involved both seem to think that, from their perspective, the project is both on track and of a standard to be acceptable to the RN"
Riiiiiiiight. Okaaay, Whatever you say. Must be reading something different to me. Though the fact that I'm sipping on a cup of tea and not BAE coolaid probably has something to do with it.
Ron5 wrote:Seeing the program just got stopped, why on earth would either consortium still think it's on track? That's daft.
It's a thing called time, Ron - some things happen before others. The sequence is important. You understand that the 13th of July comes before the 24th of July, I hope? So on the earlier date, Team 31 thought it was on track - and were planning for future events. THEN the MOD paused the competition.
Funnily enough, Save the Royal Navy has also rowed back on the original post and now considers the current state to be no more than a pause for technical reasons.
The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.