Tanker,
I think this country at the moment is led by a bunch of mindless lemmings and which is dragging part of the country over the cliff with them.
In 2010 George and Dave promised their adherents that they could walk on water and strutted out their wares and promised miracles leading to a promise land.
However the bubble is bursting and they have proved that they are not up to the jobs and should resign.
They persistent U-turns and indecisions and attempts to grab positive headlines has destroyed public and business confidence and led to further market contractions.
Like lemmings they jump before looking and thinking.
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The belated financial support for bank lending is an improvement, but earlier spending money on infrastructure development would in the longer term more advantageous.
This would provide an overall lift to the internal market, even though both will lead to a gradual but temporary devaluation.
(Where has the outcry gone about bailing out the banks.)
I think many Europeans are getting fed up with the Cameron and Osborne bleating at the Euro-zone to do something, i.e. increase European debt to bail out the sinking UK economy, when at the same time are trying to avoid any of its responsibilities for the functioning of the Euro-zone. This attitude is backfiring and may lead to increasing future problems. If the Euro-zone reforms politically and fiscally, which is to be expected, Britain, due to being thought by many Europeans to be a thorn in their backsides, who may reject future policies, even if they are “sensible”, in retaliation for some of the present governments self centred posturing.
Also the UK is now in recession due to actions of the failing current government, while the major players in the Euro-zone GDPs are still positive.
Latest financial figures show British trading deficit increases.
“Debt crisis: UK trade deficit widens as exports suffer
Britain's goods trade deficit unexpectedly widened in April as exports to countries outside the European Union fell sharply while imports dipped less, official data showed on Friday.”
http://www.telegraph.co.uk/finance/financialcrisis/9333487/Debt-crisis-UK-trade-deficit-widens-as-exports-suffer.html