Financial Matters

[dob]

The inclusion of certain shadowy activities to the calculation of our Gross domestic production added about 0.7% to the national economic output. As to where this figure came from (pulled it out of their arses?) and how it was calculated, it is something of a mystery, but I would think the contribution of illicit drugs would be the lions share of this 0.7%. However it does reduce the debt to GDP ratio, which is a good thing.
As for the NI economy, NI is the smallest part of the UK economy and its GDP is lower per capita than the rest of that economy too, and the 0.7% estimate is also used by the UK, I suggest that any reduction to the contribution of the sex industry due to Maurice Morrows law would be negligible. (Ie fuck all difference)

[liffey]

(pulled it out of their arses?)

Basically, yes.

http://www.telegraph.co.uk/women/sex...g-a-laugh.html

Dr Brooke Magnanti

As a former escort, I can say with confidence that nearly everything you know, or think you know, about the money involved in sex work is wrong. And while I don't know much if anything about the black market for illegal drugs, I'll take a punt that most of the numbers flying around to do with that are wrong, too.

And another, with more links...
http://theconversation.com/is-prosti...n-a-year-33497

[bollocks]

The inclusion of certain shadowy activities to the calculation of our Gross domestic production added about 0.7% to the national economic output. As to where this figure came from (pulled it out of their arses?) and how it was calculated, it is something of a mystery, but I would think the contribution of illicit drugs would be the lions share of this 0.7%. However it does reduce the debt to GDP ratio, which is a good thing.
As for the NI economy, NI is the smallest part of the UK economy and its GDP is lower per capita than the rest of that economy too, and the 0.7% estimate is also used by the UK, I suggest that any reduction to the contribution of the sex industry due to Maurice Morrows law would be negligible. (Ie fuck all difference)

Great to have someone like dob to be an expert on so many topics.

Any idea as to what0.7% is in money terms?

Thanks again