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Post by Madgolfer on Aug 31, 2011 13:20:39 GMT 1
Given what Ive been reading and hearing recently is it just me or can anyone else see the writing on the wall for the UK? Given the current level of debt, both Govt and private, rising costs, high levels of unemployment, disaffected population, rising inflation......the list goes on.  And all of this is set against a Govt GDP growth model that is so far off the mark that no one believes it anyway.  We had friends here recently with the typically British attitude of "Oh well something will turn up-it will be alright on the night" talk about burying heads in the sand. People are managing at the moment because their mortgage payments are at an all time low, well with rising inflation likely to be around 5% by the end of 2011 what then? When peoples monthly income is effectively going down and all costs are going up, a disaster is on the cards and its not very far away. Public sector workers are fiercely defending their "god given right" to inflation busting wage increases and protected pensions, while everyone else is taking wage cuts and having their pensions robbed before their eyes. The great experiment of multi cultural integration has back fired across the whole country leaving many people feeling isolated and a minority interest in their own country. The Blair Brown govt took on levels of borrowing way beyond its means and all based on a property bubble, closed their eyes to the monster of the nanny state they were creating. The figures that I have been seeing show the UK to be in far more individual and collective debt than any other European main stream country, all of the PIGS together are minor in comparison. AAA rating for the UK is a joke IMO. If you took away the city of London and the financial services sector what would be left? How can that alone keep the UK going? It cant! Is it just me or can anyone else see the tsunami heading toward UK shores? |
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Post by crojoe on Aug 31, 2011 13:35:32 GMT 1
Given what Ive been reading and hearing recently is it just me or can anyone else see the writing on the wall for the UK? Given the current level of debt, both Govt and private, rising costs, high levels of unemployment, disaffected population, rising inflation......the list goes on. And all of this is set against a Govt GDP growth model that is so far off the mark that no one believes it anyway. We had friends here recently with the typically British attitude of "Oh well something will turn up-it will be alright on the night" talk about burying heads in the sand. People are managing at the moment because their mortgage payments are at an all time low, well with rising inflation likely to be around 5% by the end of 2011 what then? When peoples monthly income is effectively going down and all costs are going up, a disaster is on the cards and its not very far away. Public sector workers are fiercely defending their "god given right" to inflation busting wage increases and protected pensions, while everyone else is taking wage cuts and having their pensions robbed before their eyes. The great experiment of multi cultural integration has back fired across the whole country leaving many people feeling isolated and a minority interest in their own country. The Blair Brown govt took on levels of borrowing way beyond its means and all based on a property bubble, closed their eyes to the monster of the nanny state they were creating. The figures that I have been seeing show the UK to be in far more individual and collective debt than any other European main stream country, all of the PIGS together are minor in comparison. AAA rating for the UK is a joke IMO. If you took away the city of London and the financial services sector what would be left? How can that alone keep the UK going? It cant! Is it just me or can anyone else see the tsunami heading toward UK shores? Soon they'll be calling the AA to come and collect the old banger, toss it on the heap of financial waste of busted economies along with Greece, Spain, Italy and how many others? Trying to keep a dying economy on steroids won't prolong the eventual once things start slipping. |
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Post by tackleberry on Sept 1, 2011 10:41:07 GMT 1
its going very badly.riding down farringdon road this past week has nearly shaken all my teeth out as the roads in a diabolical state ,its bad when one of the main routes through the city has a worse surface than any ive found in croatia.Its embarassing
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Post by ray51 on Oct 13, 2011 21:45:45 GMT 1
Then again , the "U.K." ,
as many like to refer to that strange land , is a large-ish over-populated , much-over-regulated island , with many , very-different inhabitants ;
please : do try & get a table at any of the 20-30+ restaurants by The River at Kingston on Thames ( Surrey ) tonite ,
next , you might think :
a ) the "Crisis" only applies to some other folk ,
or , maybe : on some other continents ?;
b ) how all of them ( punters ) are so keen & willing , to be quite so heartlessly ripped-off , so blatantly ?
And ( often ! ) for such utter rubbish ,
food-drink-and-service-wise !
The mind boggles ,
the Earth keeps on turning , still ,
Greece , Espana , Italy , Portugal , Ireland , Hungary & many others ( incl. HRvatska ! ) are Nowhere near any intelligent/logical solution/s to their own ( too-many ! ) problems & troubles ...
so , then : maybe U.K. is not quite as bad . after all , in the prevailing circumstances ?
But , quoting the late , great Joe Strummer ,
ex-of The Clash ( London Calling )
and whom I have already outlived :
"I live by The River !"
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Post by Madgolfer on Oct 14, 2011 13:12:37 GMT 1
Now the Bank of England have confirmed that inflation will not peak until the end of 2012......but at what level?
Certainly 5.5% likely 6% and who knows maybe 7% or more is not out of the question.
Growth rate at 0.1% against a predicted 2%.......
Unemployment rate at highest for 20 years........
Yeah of course it will all turn out OK in the end.
So many of the people we met at the recent exhibition were looking to get out, so maybe not everyone is in denial.
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Post by crojoe on Oct 14, 2011 16:12:12 GMT 1
Now the Bank of England have confirmed that inflation will not peak until the end of 2012......but at what level? Certainly 5.5% likely 6% and who knows maybe 7% or more is not out of the question. Growth rate at 0.1% against a predicted 2%....... Unemployment rate at highest for 20 years........ Yeah of course it will all turn out OK in the end. So many of the people we met at the recent exhibition were looking to get out, so maybe not everyone is in denial. all those poor brits need to come to Croatia and invest, as according to this article things are looking up: www.croatiantimes.com/news/Business/2011-10-14/22537/Direct_foreign_investment_doubles_over_last_yearYou realestate guys must be making big money by this report. |
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Post by Madgolfer on Oct 14, 2011 17:50:01 GMT 1
I wish CJ.
Not many multi millionares around my neck of the woods at the moment.
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Post by Nick on Nov 6, 2011 4:01:51 GMT 1
Well and truly set for a huge fall. Recently saw an article talking about the USA being the "Richest Country" so we did a little research, well Google research which means according to Wikipedia. The combined debt of the world, which is personal, corporate and government borrowing is currently about $50 Trillion and it is going up daily. Of this the USA owe approx $15 Trillion, however, we found the number 2 country and their debt even worse. No prizes for guessing that UK was in 2nd place, but their debt figure was $9 Trillion. Now the population of the US is around 300 million and the UK around 65 million, so who is in the most #~#~# here? So in summary, the world debt is around $50 Trillion and the US and UK account for 50% of that. Want to see what a Trillion dollars looks like? These are stacks of $100 bills.  1 million  100 million  1 billion A Trillion Dollars |
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Post by Madgolfer on Dec 9, 2011 9:25:54 GMT 1
So today David Cameron has has chosen to take the UK down a lone path effectively outside the EU.
In trying to protect the UKs only real market, the city of London, he has alienated the rest of his European partners.
When everyone else is looking at imposing stricter regulations on financial markets the UK seems to think its "business as usual" in the city of London.
"Best not cause the banks any grief or they will all up and leave to China or India" NO THEY WONT DAVID!
Cameron has missed an excellent opportunity to put the UK back at the heart of the EU and help stabilize world markets in general.
Now it will be marginalized and pay the price eventually.
I cant wait to see how the markets react to sterling today. Run for the hills.......
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Post by ray51 on Dec 9, 2011 11:52:19 GMT 1
When , precisely , was Britain ever "at the heart" of that EU ( so that Cameron could now have put it back there ) ?
Yeah , Britain may be , correction : IS in serious decline I I should know , I live predominantly there , since last summer and have personally experienced and witnessed many an ongoing problem of general degeneration of the societry ) ;
not much better news hold true for most other EU-countries , with rare exceptions like the Skandie-block , Germany , NL , Austria and SLO .
Anyone who hopes that EU will somehow reverse Croatia's long-self-imposed misfortunes , must be taking some illegal and/or otherwise mind-altering substances !
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Post by Madgolfer on Dec 9, 2011 13:10:39 GMT 1
When , precisely , was Britain ever "at the heart" of that EU
I think the UK likes (or used to) think of itself as being at the centre of the EU because of its rights of Veto as a founder member etc.
Now it will find out what its like to be part of the "outer" circle.
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Post by ray51 on Dec 9, 2011 15:46:39 GMT 1
When , precisely , was Britain ever "at the heart" of that EUI think the UK likes (or used to) think of itself as being at the centre of the EU because of its rights of Veto as a founder member etc. Now it will find out what its like to be part of the "outer" circle. For the record : U.K. Never was a founder-member ! The EU emanated from the original common trade area ( the 1st in Europe ) of Belgium , The Netherlands and Luxembourg ; then the Club of Rome got on into the act , and the fear of another Eurowar was used as a carrot and a stick to join Germany , France , Italy and others into this structure , in the early days under the disguise of multiple benefits of free trade and free movement for members . The U.K. was a late joiner , much against wishes of the French , at that time ! As regarding " the outer circle " : Sweden , Denmark and other reluctant members of EU don't at all mind being in the same "outer circle " and so keep their own currencies , as well as multitudes of special exclusions ( like those , to which Croatia can now Neverever hope to be privileged to enjoy...) ; even more "outer circle" yet utterly respectable and self-supporting nations , like Swiss and Norwegians , voted to stay out of the whole New Reich circus , from membership to currency and the huge uggly Bruxelles bureaucracy., nepotism , corruption and waste ..and have never regretted staying out , not for a split second , Sire ! Some others , who rushed into it , e.g. Hungary , Portugal , Latvia , Estonia , Lithuania ...may never stop regretting they joined . Into which League do you think HR fits : with the Skandies , the Swiss or the Magyars ? |
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Post by Kaskader on Dec 21, 2011 16:58:24 GMT 1
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Post by mambo on Dec 21, 2011 18:59:01 GMT 1
Am not so sure that the UK housing prices will go down.
Many rich people in the EU are now looking for safe exists.................where can they take their money ?
Keeping the money in the Eurozone is not a clever idea, since the Euro is basically doomed. The US dollar is more of the same, so also not a great idea.
That leaves Switzerland and the UK, which means that real estate in the UK will see a continuing rise of the prices. It is always better to have your money in stones then stuck in a bank which will subsequently fail.
Perhaps the lower end of the market will go down a bit, but the high end market will continue to do well.
At least that is how I see it. No idea whether am right or wrong.
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