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Britain’s illegal, multi-billion pound sex and drug industries helped the UK to become the world’s fifth-largest economy. The 2014 global economic league tables include a £10bn boost in UK earnings from drugs and sex

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December 2014: Prostitution and illegal drugs help UK overtake France in global wealth league but increase our contributions to the EU

Britain’s illegal, multi-billion pound sex and drug industries have helped the UK to become the world’s fifth-largest economy. The latest global economic league tables include a £10bn boost in UK earnings from drugs and sex – which earlier this year resulted in Brussels issuing a £1.7bn bill to the Treasury.

While the Chancellor may cite the new rankings as further evidence of the success of his financial strategy, the UK’s jump up the table comes with a caveat – a number of EU countries, including France, do not include prostitution or narcotics income in gross domestic product (GDP) calculations, so where’s the justice in that.

GDP – the value of all final goods and services produced inside a sovereign state – is not the only way of calculating economic power.

PPP (purchasing power parity), also based on IMF estimates, already makes China the world’s largest economy.

But regardless of which measurement is used, The highly regarded London based, Centre for Economic and Business Research (CEBR) say that with globalization reaching a “mature phase” by 2030, the world’s economic league placings are “settling down to a new order” and the UK has just overtaken France on the leadership board, courtesy of prostitution and drugs.

Brilliant, austerity has injected a massive boost in our drug dealing and prostitution industries. (The Independent)

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Comment:

When the matter of an unplanned massive additional annual contribution to the EU budget first surfaced, press releases, issued by the Treasury stated only that the extra 2bn charge  allocated to Britain was due to an increase in the relative size of our economy.

Now we know it was the inclusion of the notional value of illegal trade in Prostitution and Drugs. The newly identified source of goods and services forming part of the UK return. 

At first glance it is baffling that France and other countries of the EU are able to exclude it, keeping their EU contributions down. The figures:

* According to the estimates, there were 60,879 prostitutes in the UK in 2009, who had an average of 25 clients per week – each paying on average £67.16 per visit.

* The statisticians calculated there were 2.2 million cannabis users in the UK in 2009, toking their way through weed worth more than £1.2bn. Half of that was home-grown – costing £154m in heat, light and “raw materials” to produce.

The purpose of including an unmeasurable illegal output is to make the vast and growing debt of 1.8trillion and the recurring monthly deficit look smaller by comparison. SMOKE and MIRRORS.

Sex Drugs and Bacon Rolls London Fine Art Photograph
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Wife of American spook to appear in British court over the death of teenager Harry Dunn but only via video link from the USA and If found guilty she will serve her sentence in the US. Julian Assange should be afforded the same privilege

Anne Sacoolas to face UK court next month over ...

Wife of US diplomat to face UK court over death of British teen

The wife of a U.S. intelligence officer will face British court proceedings in January over the death of teenager Harry Dunn, the U.K.’s Crown Prosecution Service said Monday.

Anne Sacoolas is accused of killing Dunn in a road crash near Northamptonshire after a car hit the teenager’s motorbike in August 2019. She left the U.K. shortly after the incident, after diplomatic immunity was asserted on her behalf by the U.S. government.

The Crown Prosecution Service authorized Northamptonshire Police to charge Sacoolas with causing death by dangerous driving in December 2019. But the subsequent extradition request for Sacoolas to be returned to the U.K. was rejected by the U.S. government, heightening diplomatic tensions between London and Washington.

Sacoolas will appear in court on 18 January 2022 at Westminster Magistrates Court via video link from the USA. If found guilty, the UK could seek her extradition from the US, although legal sources suggested another option could see her serve her sentence in the US.

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A Treasury official said, “the prospects for the UK without Scotland look bleak. The Scots really have got us over a barrel. An independent Scotland can go it alone. But the prospects for a separate English, Welsh and Ulster economy on the same assumption must look pretty grim. Perhaps we should all start to think the unthinkable”.

https://www.electricscotland.com/history/articles/images/scotlands-oil_Page_1.jpg

Taken from the Herald 2006-01-30 Independence cover-up we would be rich

Whitehall knew in the 1970s that Scots could have been nearly one-third better-off than the English within a few years of splitting from the UK, although the knowledge was kept from the public. The fear that devolution could lead to independence even led to the Labour government of the day holding a devolution summit, at which the chancellor, Denis Healey, headed an attempted revolt in trying to put the brakes on Scottish home rule plans.

A bleak Treasury assessment warned that just the perception that Scotland could be about to move from devolution to independence and take control of oil revenues would plunge the UK into economic crisis.

The prospects for the economy of the rest of the UK were described as “grim” while those for Scotland were so strong that officials advised ministers they should start to “think the unthinkable”.

At the meeting on June 3, 1975, the chancellor, now Lord Healey, was backed by Roy Jenkins, then home secretary, and Tony Crosland, the environment secretary, but all they won from cabinet was a block on any new public commitments on devolution.

The information comes from confidential Treasury papers written in the mid-1970s and recently released from the Kew records office. In one analysis, it was reckoned that income per head in an independent Scotland could soar by the following decade. A Treasury official, S Scott Whyte, wrote in an internal memo: “It is conceivable that income per head in Scotland could be 25% or 30% higher than that prevailing in England during the 1980s, given independence.”

The fear of losing North Sea oil revenue and exports was because the Treasury needed oil to get Britain out of a chronic trade deficit.

Internal memos even doubted the trustworthiness of their Scottish Office colleagues in working on a response to the independence threat. That point was made only two weeks after the SNP won 30% of the Scottish vote, and secured 11 seats at the October 1974 Westminster election.

The officials’ exchanges later refer to the 1974 memo written by Gavin McCrone, then a senior economist in St Andrew’s House. As disclosed in The Herald last year, it showed the economic case for Scottish independence was much stronger than government publicly admitted then or since.

For Peter Mountfield, a Treasury official, the prospects for the UK without Scotland looked bleak: “The Scots have really got us over a barrel here … An independent Scotland can go it alone, provided there is not a disastrous collapse in the world oil price. The prospects for a separate English, Welsh and Ulster economy on the same assumption must look pretty grim. Perhaps we should all start to think the unthinkable”.

Kenny MacAskill, the SNP MSP, said of the revelations: “We’ve been robbed of billions. Every Scottish man, woman and child should be considerably better-off and could have been since the 1970s. Gordon Brown [the chancellor] wants us to rally to the Union flag, but this 25-30% gap is the price for being British. “The bad news is that each of us is 25-30% poorer. The good news is that we’ve still got 30 to 40 years of oil, and we can’t allow the sins of the past 30 years to carry on.” (Martin Frost)

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