Tuesday, Feb 12, 2008
Recession looming
BBC: Trade deficit worse than expected
Foreigners are turning away from UK products as they realise that 75% of the cost is nothing to do with what they are buying, but goes directly to public sector workers in Scunthorpe. Apparently Johnny foreigner even wants more cash back for their own goods due to something to do with interest rates and a Labour government.
Posted by stillthinking @ 06:10 PM (375 views) Add Comment
6 Comments
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1. Pelethar said...
"Johnny Foreigner"? What is this, 1963?
2. happyrenterz said...
This graph from the Telegraph last week. Income from financial services probably taking a huge hit since the summer.
3. Orwell said...
Why don't they have these on the news each night now? Has Crash dictated against it? '
4. Verymeanreversion said...
An economy with workers paying mega-mortgage cannot be competitive.
VMR.
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