Calton Radio has some interesting material, which they claim originates with the Sinn Fein Unionist outreach department. It’s an interesting (and characteristically robust) espousal of the case for re-unification. Some the figures are fascinating, though it’s not clear how the party’s own strangely protean economic policy itself addresses the statement that “we are spending 20% more than we create”. Look out for “the islands” too: an apparently freshly minted ‘unionist friendly’ term that appears to have just come into use since the deal was declared live.
Confirmation: Its a Basket Case – the 6 Counties Economy
1. 26 Counties – the IDA created 100 thousand jobs last year 2006. In the 6C – Only 95 thousand jobs created in the 10 year period called the Golden Years – never created more than that over a ten year period
2. In the 6C – 100 companies employ 26 thousand people – compared to 1000 companies employing 130 thousand people in the 26C
3. R&D investment – lowest in the 6C compared to England, Scotland, Wales or 26C
4. 6C as the lowest number of women entering business
5. Manufacturing business – decimated;
6. 9% of those employed are in defence and those jobs are under threat
7. The 6C economy is primarily service sector dominated – low wage, part time work.
8. Gross Disposal Income – GDI – second lowest across the Islands at 14%
9. Very low skilled levels in the 6C – 28% of population have no qualifications;
10. The result is that you have sectors that do not produce wealth – the economy is therefore a basket case – coupled with 30 years of infrastructure neglect.
11. Barnett formula – the allocation of money we get from the BG – is designed to bring 6C, Scotland and Wales together to level of per capital as in England – which is much lower.
12. Pump priming the economy – we are spending 20% more than we create.
13. North has the worst motor ways in Europe – lacks 4th in the worst world league tables.
14. Economic inactivity – the percentage of those at working age who are economically in-active – 28% not working or looking for work.
15. 11% of those at working age are on incapacity benefit
16. Net result of all of that is the depression – we need 140 thousand new jobs just to stand still.
17. No way forward for the North on its own – Even British Minister Hain says it’s unsustainable.