http://www.bbc.co.uk/news/business-15747103 "These figures show just how much our economy is being affected by the crisis in the eurozone," said Employment Minister Chris Grayling. "Our European partners must take urgent action to stabilise the position," How about the UK economy has been ****ed all by itself for 4 years, Sterling is just as weak as the Euro and you've been cutting costs so fast it has caused unemployment to rocket - just like everyone knew it would.
Well quite obviously, Lord Snooty and his pals have snuffed out any hope of a recovery in the UK economy and jobs market, and have now decided to blame it all on the wappos/krauts etc. Nonetheless, thank f**k we're not in the Euro, because it's only now becoming apparent that we'd be even more in the sh!t if we were tied to that f*****g disaster.
World is in the ****ter. Seems every day I read the newspaper and there is more doom and gloom about no jobs, rising debt, countries defaulting. Yet bankers caused this and are still allowed to pay massive bonuses and the politicians making the cuts putting the country into an unemployment crisis aren't seeing any of the pain. Everyone knew the Tories were going to go after the poor keeping the rich on top though. I just hope when the next election comes around the voters show a little more common sense and give those bastards not one vote! Or the lib-dems! Labour can get to **** as well ... we need a new political institution to be formed so we can properly get behind them in my opinion.
When I moved to France the exchange rate was 1.50. As soon as there was a scare in the UK the pound plummeted against the euro. Yet despite the crisis in Eurozone the exchange rate is hovering around 1.1680. Obviously interest rates are a factor but it does make one wonder how it could have been 1.50. It took just 18 months to plummet to 1.30. At this stage there was no Eurozone crisis. So how come, now that there is an ongoing euro crisis and the UK crisis is not as bad as it was, the exchange rate is below 1.30, and well below at that. Is that all down to the interest rates? I receive daily updates on the foreign currencies and it seems that every day something happens to affect the exchange rate, sometimes the opposite affect to that which, logically, it should have. 5 to 6 years ago hardly anything had any significant affect on the rate. I suspect the banks could be making a fortune with the fluctuations occurring over the last 2 years.
We're all in it together mind. The Big Society. Big debt, big rise in unemployment, big rise in inflation, big bonuses to bankers...
Gemany seems to be holding its own rightly and it has had to fork out the most in these bail outs. Why dont they just admit that their spending cuts, while cutting gov't lending, have snuffed out any chance the UK economy making a quick escape from the crisis. No one told them more people working and buying means greater gov't income.
Because we have the £ we can still rely on the devaluation of our currency to partially reduce our balance of payment deficit, an option not available to Greece, Ireland, Italy or Spain.
Doesn't the finance and banking sector contribute 30% of the UK's GDP.. This being the case I think it only right that the arseholes in these jobs are paid top wages for doing so and if they perform well then why shouldn;t they get their bonuses.. without them the country would be even more ****ed up and so would our banks.
Tell me that's a joke. Please? Just to use your own logic though: if they **** up, as they have done, should they take wage cuts?
Thing is whether you agree with this in principle is neither here nor there The banking/finance sector has the govt by the short and curlies They have to be seen to be doing something, but cant really piss them off Its also easy to provide an 'enemy' for the public. Diverts attention from the politicians and the 'real' issues
I understand what you're getting at, but in any job if people hit targets then they get bonuses.. Why should bankers be any different? I know that the banks ****ed up a few years ago with ridiculous lending.. which has inturn made a mess of the entire banking system.. The fact still remains that as a country we are dependant on the revenue provided by the banks so to maintain that revenue the banks need the best employees and to do that they need to pay top money.
I suppose it depends on your point of view with regards to specific issues However blaming the bankers has taken the burden of politicians somewhat They ultimately created the situation where there was nothing preventing banks from lending money to people who couldnt pay it back in the long term
The Euro was never going to work because it is basically a single currency without a country. It was just a step toward the European politicians' dreams of a European superstate.
The Government is nothing more than an arm of big business and the financial sector. The politicians have little say in the matter. The blame lies with banks and big business, American in particular. And that **** Greenspan.
