North Stoke Life

 Employees vs. Spending: Why "20% of Workers, 44% of GDP" Isn't the Contradiction It Looks Like A natural response to seeing that public sector and charity workers make up roughly a fifth of UK employment, while government spending runs at 44% of GDP, is to assume something doesn't add up — that a fifth of the workforce is somehow "consuming" almost half the economy. It's a reasonable instinct, but it rests on comparing two numbers that aren't measuring the same thing. This post walks through the actual wage bills involved, and shows where the rest of that 44% actually goes. Start with the employment picture Category Employment Share of UK employment Central government (incl. NHS: 2.07m, Civil Service: 0.55m) 4.06m 11.9% Local government 1.97m 5.8% Public corporations 0.16m 0.5% Public sector subtotal 6.19m 18.1% Charities / voluntary sector 0.93m 2.7% Grand total (state + civil society) ~7.12m ~20.8% Total UK employment: 34.24 million (Dec 2...

The Leviathan — a colossal primordial sea serpent rising from a storm-wracked ocean. Ask "how much of the economy is the public sector?" and you'll get different answers depending on whether you mean money (spending), value created (GDP), or people (employment). This post focuses on people: who's on the state's payroll, who works for a charity or NGO propping up services the state doesn't fully fund, and how that combined total stacks up against everyone else — the businesses, freelancers, and private employers usually thought of as the "productive" economy. All figures are the latest available: ONS quarterly data for December 2025 (public sector), the NCVO UK Civil Society Almanac for the voluntary sector, and the ONS Labour Force Survey for total UK employment. The public sector, piece by piece Segment Employment Notes Central government 4.06 million Record high; includes the NHS and Civil Service below as subsets — of which NHS 2.07 million ...

  MONETARY STABILITY & INFLATION CONTROL The Hidden Monetary Advantage of Location Value Covenants How replacing bank-created mortgage credit with long-term public funding could support monetary stability The important question is not simply whether the government issues a gilt. It is whether each pound of public funding replaces a pound of newly created mortgage credit. A policy article for locationvaluecovenants.org.uk Article Britain normally responds to persistent inflation by raising interest rates. That can suppress demand, but it does so bluntly. Mortgage holders face higher payments, housebuilding becomes harder to finance, businesses delay investment and government debt-service costs rise. The medicine may be necessary, yet it can impose heavy costs on precisely the households and productive activity least responsible for the original inflation. Location Value Covenants (LVCs) suggest a different and potentially valuable route. Their main purpose is to make access to l...

Why is Real Estate Ownership the Primary Democratic Influence? When economists evaluate national wealth, property is frequently cited as the most "democratically" distributed major asset class in the UK, especially when compared to stocks, bonds, or corporate business equity.  This can be observed clearly in the title image above. And the table and flow chart below. If homeowners are not voting for the party which most support the Homeowner Class, they are not acting rationally. Irrational behaviour possible of course. But by 20 million people? UK Property Wealth Distribution To visualize how the £7.29 trillion of UK housing wealth is distributed across the population, we can look at it as a master pie chart in the title image. This layout demonstrates that property equity is not concentrated entirely at the top of corporate or state balance sheets. Instead, it is highly distributed across millions of ordinary citizens. Note in the following table, observe the first row - ass...