Damus
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Whatever you think about the levels of profitability in the UK's economy, one thing is clear voters are vastly over-estimating how much firms make in profits.... but perhaps most telling (in this misunderstanding of what is going on) is the apparent perception that the NHS makes a profit (although there is a chance respondents didn't properly understand the Q.?).

(And of course this was carried out by the right wing Inst. for Economic Affairs, no doubt to prove a point!)

#economics #business

4
beemoh · 13w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqg0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4mstcx9tq The NHS part might be referring to private contractors?
Christo. London, England. · 13w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqg0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4mstcx9tq Is this profit after paying top execs and shareholders?
MarjorieR · 13w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqg0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4mstcx9tq I think most people have no experience of seeing or using company profit percentages as asked in this survey. Clearly evidenced by the attribution of profits to the NHS. Of course there ...
<10% · 13w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqg0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4mstcx9tq Why this particular set of industries? Where are accountancy, telecoms, digital services, financial services (and, doubtless many others that perhaps don’t fit the narrative)?