Norway v UK

Q

QTS BFC

Well-known member
Norway used their wealth from oil to set up a Sovereign fund for its people.
Meanwhile the UK used theirs to.......?
 
Norway was the darling of Nigel Farage pre referendum but as soon as the vote was won suddenly changed and wanted the hardest of brexits, I'm guessing to stay relevant.
 
QTS BFC said:
Norway used their wealth from oil to set up a Sovereign fund for its people.
Meanwhile the UK used theirs to.......?
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Yes have often wondered why we didn't do something similar. It would set the economy up for the long term growth as well as helping individuals who wanted to learn. It would also have completely solved the headache of who pays for higher education.
As to what we spent ours on, I think a lot of it paid for some of the tax cuts that Thatcher introduced.
 
QTS BFC said:
Norway used their wealth from oil to set up a Sovereign fund for its people.
Meanwhile the UK used theirs to.......?
Click to expand...
Norway has a population a tenth of the size of the UK, I would suggest the majority of its power is produced by hydro, therefore to Norway the oil / gas from the North Sea was a bonus.
The UK had coal dependant power stations, a crumbling industrial infrastructure and a large number of the workforce on the dole.
The UK oil money was used to support the country through very difficult economic and social times, I don’t really think it was wasted ?
 
Suddickbender said:
Norway has a population a tenth of the size of the UK, I would suggest the majority of its power is produced by hydro, therefore to Norway the oil / gas from the North Sea was a bonus.
The UK had coal dependant power stations, a crumbling industrial infrastructure and a large number of the workforce on the dole.
The UK oil money was used to support the country through very difficult economic and social times, I don’t really think it was wasted ?
Click to expand...
Huge amounts of people on the dole as a deliberate consequence of Thatcherite policies of course.
 
Suddickbender said:
Norway has a population a tenth of the size of the UK, I would suggest the majority of its power is produced by hydro, therefore to Norway the oil / gas from the North Sea was a bonus.
The UK had coal dependant power stations, a crumbling industrial infrastructure and a large number of the workforce on the dole.
The UK oil money was used to support the country through very difficult economic and social times, I don’t really think it was wasted ?
Click to expand...
What economic and social times did our rich country have ? Always money for nukes and regime change.
 
When you get these types of statements......you have to go back to the indicator that put's this all into context......

How much for an average pint of Larger.........NORWAY: €8 - €9......about £7.50...because Norway tax absolutely everything
Average cost of a bottle of wine from a supermarket....£20
 
B_Side_The_C_Side said:
When you get these types of statements......you have to go back to the indicator that put's this all into context......

How much for an average pint of Larger.........NORWAY: €8 - €9......about £7.50...because Norway tax absolutely everything
Average cost of a bottle of wine from a supermarket....£20
Click to expand...
And what's the average wage in Norway? Its all relative.
 
Norway is a cracking place. Beautiful scenery, lovely people, generally high standard of living...so shocking that that Anders Breivik did what he did in such a country.
 
Worked with a few Noggies, usually on good money but we’re not always complementary on their government.
 
Norway’s Sovereign Wealth Fund... $1,400,000,000,000 ($1400 billion).
Up until now mainly invested in stocks, bonds and real estate.
The truth be known, they probably own a large chunk of the UK.
 
Wizaard said:
Huge amounts of people on the dole as a deliberate consequence of Thatcherite policies of course.
Click to expand...
Maybe Thatcherite policies …… but could a coal industry that sold coal at £45 per ton that had actually cost £95 to mine have become viable …. could a ship building industry that used 800,000 man hours to build a ship compete with foreign shipbuilders that used 400,000 man hours to build a similar ship ever survive …… and finally could BL ever have survived with the bloody minded workforce and the incompetent management that was in place during the 60’s 70’s and 80’s ……..
But as you say it was ALL Thatchers fault !
 
Suddickbender said:
Maybe Thatcherite policies …… but could a coal industry that sold coal at £45 per ton that had actually cost £95 to mine have become viable …. could a ship building industry that used 800,000 man hours to build a ship compete with foreign shipbuilders that used 400,000 man hours to build a similar ship ever survive …… and finally could BL ever have survived with the bloody minded workforce and the incompetent management that was in place during the 60’s 70’s and 80’s ……..
But as you say it was ALL Thatchers fault !
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And how much did we pay in benefits instead of tax revenues from wage earners?
 
Archibald Knox said:
Norway’s Sovereign Wealth Fund... $1,400,000,000,000 ($1400 billion).
Up until now mainly invested in stocks, bonds and real estate.
The truth be known, they probably own a large chunk of the UK.
Click to expand...
Along with the rest of the world
 
catinstalbans said:
Minimum wage is about £16 pH
Average salary much higher than the UK.

More importantly the income inequality gap is roughly half that of the uk
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You raving COMMY bastard. I'm with 20s from now on as a rabid boot licker. You've got a weird agenda which points out the mega rich are getting richer.
 
Would have to agree. Had 5 weeks there back in 1990...Lofoten Islands, Northern Lights, lovely friendly, HONEST people. Didn't even touch the fjords but I was well impressed...just very expensive for a Brit.
 
Can we not levy a tax on our old Empire? After all we civilised them and introduced the civil service 😉
 
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