Tuesday, February 12, 2008

Recession looming

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 (686 views)
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4 thoughts on “Recession looming

  • “Johnny Foreigner”? What is this, 1963?

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  • This graph from the Telegraph last week. Income from financial services probably taking a huge hit since the summer.

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  • Why don’t they have these on the news each night now? Has Crash dictated against it? ‘

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  • Verymeanreversion says:

    An economy with workers paying mega-mortgage cannot be competitive.

    VMR.

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