Monday, June 9, 2008

Britainnia rules the waves at bullsh!t

UK firms 'top Europe wealth list'

Large UK-owned companies are outstripping their European rivals when it comes to creating wealth, a study has concluded.

Posted by holding out @ 12:01 PM (793 views)
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10 thoughts on “Britainnia rules the waves at bullsh!t

  • “These figures are for 2007. It’ll be interesting to see how Blighty stacks up when the 2008 figures come out – somehow I don’t think banks will feature on the list.”@drewster

    ..why ever not Drewster, they’ve already made 50bln for doing sod all, but be incompetent, corrupt and mollicoddled by the government, so bonuses will be up, and these worthy institutions will appear again as great wealth creators, except we, as tax payers, will be responsible for the wealth. Although they are making a rather big killing, and I use that word literally, by driving the cost of fuel and food up to.

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  • If I understand this article correctly, ‘wealth creation’ just means a higher mark-up for products and services. What’s missing from the table on ‘how to add value’ is thus simply to ‘raise prices’. And everyone knows that the mark-up in rip-off Britain is higher than elsewhere.

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  • UK financial markets were “well placed to handle the current global uncertainty”, Mr Pearson added.

    Oh Mr. Pearson !!! think of something original to say!

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  • I didn’t realise theft was regarded as wealth creation.

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  • Banks are included as “wealth-creators”. That’s news to me. Banks should be like utility companies, providing basic services with no frills. (Even utility companies are taking the p*ss these days, I don’t want Nectar points with my gas bill!).

    These figures are for 2007. It’ll be interesting to see how Blighty stacks up when the 2008 figures come out – somehow I don’t think banks will feature on the list.

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  • “Large UK-owned companies are outstripping their European rivals when it comes to creating wealth, a study has concluded.”

    More BBC propaganda to try and keep the people in their place. The problem I have is what is so great about all this wealth that’s being created when in reality very little of it is filtering down through society. Most people in this country are taking wage cuts in real terms (and have been for years) whilst the super-rich and their fat cat CEOs and the like hoover up huge sums and the politicans try to pretend they care whilst living pretty high on the hog themselves.

    The UK is sick. It’s time for people to focus on what REALLY matters rather than this ridiculous endless carousel of comsumption we’ve found ourselves on.

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  • bystander – how did you know what drewster was going to post? I will from now on take your insights much more seriously because you clearly are pshycic

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  • Thanks techieman recognition at last.

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  • cornishman says:

    @ techieman

    I think there must be a rift in the space-time continuum. Others,earlier, have noticed posts in the wrong order [or did they notice it later on…?].

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  • For banks this measures little more than the extent of the bubble, which has now burst – as drewster says, let’s see the 2008 numbers. Anyone know of the effect of the EC Cross-Border Credit Transfers Directive 97/5/EC and similar directives, which together cap inter-community payment processing fees at the same level as domestic payments. It applies to credit transfers, ATM withdrawals, and payment by credit and debit cards. This can have a large negative effect on bank revenues and profits from the business of transferring euros around Europe. How big an effect does it have, and does it affect UK banks or only banks in euroland? In other words does it give UK banks an advantage over euroland banks regarding revenue?

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