What do you think the real problem is?
UK hasn't got sufficient products the rest of the world is interested in and big industry has too much influence on the government.
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What do you think the real problem is?
Apparently the tories have reduced our deficit by 25% (if you read their propaganda)
UK hasn't got sufficient products the rest of the world is interested in and big industry has too much influence on the government.
I believe that as much as I believe all the UKIP propaganda on this thread. :Laugh:
What! You don't believe in smoke and mirrors? Magicians use this all the time
I believe in smoke and mirrors more than I believe in the UKIP propaganda on this thread? :Laugh:
Now the genie is out of the bottle...
True, but a bit broad-brush.
Suffered a lot when under UK management, got taken over by Ford and from what I hear they were a nightmare to work with. Despite ford investing billions quality was shit on x-type (built in liverpool in ex-ford factory). Finally sold to an indian company who have finally turned it around by getting rid of some management. Recent news for hiring 800 people failed to mentioned that they are 1 year contractors.Some manufacturing is doing well - Jaguar-Land Rover for example, selling to manufacturing powerhouses like China.
It pretty well know that the UK is the wild west of the finance world and the money laundering capital of the world. But saying that, with it UK would be ****ed, 40% of UK exports is in the service industry.A lot though was left to stagnate as too much reliance was placed on the financial sector. The UK has one of the least regulated in the world hence the big US banks moving in, taking advantage, then going bust.Their actions would not have been allowed back in the US.
They do because they can, same reason we pay more same good then elsewhere. Welcome to the world of supply and demand.Hence the 'unexplained' 5p a litre rise in petrol prices - probably more a result of traders rather than anything else.
We can't easily make stuff here because its too expensive compared to child labour abroad....after all QE is, effectively, deflation. The BoE can't be seen to collude with the Government in that regard - EU rules - so rather than buy bonds direct, they buy through traders. The effect is the same.
Big industry negotiates its tax bills rather than paying a fair share - their businesses are global while the countries they operate in have national rules so they go for the best deal.
Then, of course, there's us. Consumers driven by price naturally head for the best deals, provided by cheap labour abroad.
We would need to export considerably less if we imported less. The UK does rather well in exports actually but we import a load of stuff we could easily make here.
Well we can't all have the same POV, lolOoerr, not trying to score brownie points here - hides under stairs...
tbh, I don't think your employment rights kick in until 2 years these days so they could get rid of them after a year if they wanted, it would just be bad publicity.In summary, you are correct. So, they're 1 year contractors? The way it works these days - no worries about redundancy payments and crap like that. But 800 people get work for a year...job for life has gone.
But without de-regulation attracting (and still keeping) financial companies trading over here, the country would have gone bankrupt when north sea oil ran out and manufacturing was shipped off to far east. Just as a measure, UK population is 1/3 the size of Germany yet our financial sector is 50% bigger. Who knows that £375bn or whatever would have been as there would have been some level of recession regardless of regulation. Reality is that people/companies over borrowed and the banks were happy to lend it to them. Shock horror, with a failing economy (And lets not blame this on europe) loans couldn't be paid back. Of course there is more to it then that but its one of the fundamental causes of the global failure. So subsequently, borrowing becomes expensive if not impossible and the economy stalls. QE is a way of getting the money moving again. I guess we will never know what would have happened if the goverment had done nothing.The Wild West of finance is good? It cost £375 billion (so far) - we paid. I suspect we'll have to inflate out of it but since I can't prove that, I'll shut up!
yeap I am pretty certain people sleep just fine. I would like to think that people are not stupid, its pretty well known that working conditions in the far east are shit and they have little regard for the environment. All this stuff about foxconn, nike trainers, etc is just the tip of the iceberg. Fairtrade bananas, chocolate, coffee, etc is available in this country where it is supposedly produced without exploiting the farmers, how well do you think it sells compared to non-fair trade stuff.Child labour is cheap? True. Hope the buyers sleep nights.
UK is facing an energy price hike to fund alternative energy production, do you think china or india is willing to do the same ? There is a think about 'doing the right thing' but are people willing to dip their hands in their pockets to fund it ?
It is the EU that imposes targets for "green" energy production (read: "subsidy scams"). Targets for carbon emissions, green energy etc. are all set by the EU, which is helping to destroy competitive business in the UK. The carbon contribution from the UK is very small relative to China and India. Like the Lynemouth power and steel smelter for example.
Couldn't agree more with you.
Borris I can't take.
That's twice now! You're clocking's worse than your spelling.
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