HELLO,
Yes to start off I live in the UK and think were in lots of trouble.Even tho I know lots about the state of our country.I love LBC radio because its 24 hour talk radio
first today our interest rates are now 1.0 base rate.WHich the base rate has never been lower that 2.0 ever.
SO this is worrying
Next we have no control over the banks and lending companies.We lower the rates they don't.We give them 40 billion to `allow lending` they don't.They now ask for 200 billion `to allow lending`(yer sure)
also we have no main industry.We have a finance market until the great collapse of northern rock and the overall failure of securitisation.This was our industry but not no more.what can we offer really now until we get our act together.
We may end up like Iceland
next well will be hosting the 2012 Olympics and this is costing a lot which is not good with our current state where we are lending money of about 2 trillion in the next 2 years to fix our economey.This will have to be payed of in the end costing my generation lots for along time.
Next we have some many companies having to merge meaning that we will lose competition on alot of markets.
Yes we have around 2 million jobs lost since 2008 and the same sort situation more than any world war.This is new and never seen in a world market any thing could happen that's what scares me.I mean The US and UK could become some of the poorest countrys for some time.
Yes but according $13.6 billion or £9.25 billion.
But we are having trouble with currency so now it has gone up for all import so we are paying around £11.30 billion so far.There no way we can make that when the stadiums can't hold that many.
another problem(i said above) was that we have our pound falling yet if look at it before we was worth more than the Euro or dollars.(per unit)
This is a problem because we can't trade out but there is a way to use this to a advantage...
Seriously we could advertise to Europe that we are the bargain place of the recession.it is showen that they are coming over for the bargains because of parity. Yes so we could make some money then if we put our heads to it.
Indeed my analogy
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britian in trouble
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