Monday, Nov 23, 2009

Another boost to UK plc

Guardian: Britain to lose jobs to US

OK, I am old and old-fashioned and a bit left so I don't do this "free market" nonsense, but what is the point of boosting public spending to revitalise the economy if the economy you revitalise is someone else's?

Posted by chrisch @ 10:21 AM (1989 views)
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15 Comments

1. hpwatcher said...

The problem is that the cost of living in the UK is far too high. House prices HAVE to drop if UK is to be competitive with the rest of the world.

Monday, November 23, 2009 10:36AM Report Comment
 

2. Crunchy said...

Chrisch, would it make more sense to you If I said that we live in one world now. There are no more countries, just a global family with no nasty divisions.

I inhale with a fresh gasp of green air in the euphoria. It's all good right? A new history right? We just need to get this Fed audit thing out of the way and Al G's photoshopped globe done with first, just to make sure our delight is not misplaced.

A Global balance in short.

Monday, November 23, 2009 10:42AM Report Comment
 

3. John Parker said...

Welcome to Liberalism of the Economic Markets.

Monday, November 23, 2009 10:46AM Report Comment
 

4. stillthinking said...

The reason why zombie banks are so bad, is because they have to add on their default costs to debt servicing, i.e. push debt servicing above market pricing for money, making any kind of loan too expensive, and making a mockery of zero interest rates as set by the central bank (see the gap between mortgage rates, credit card rates and the BoE rate).

The reason why zombie economies are bad, is because debts run up by government have to be paid ultimately by business, this pushes down any expected rate of return, and makes the UK an expensive place to buy from or set up in. Aside from the likelihood that both state cuts and tax rises are necessary, there has been no annoucement about taxation, and there are many who will push for additional taxation, and many who believe that the state sector is the engine of the economy(completely false). Taxation makes us less competive, state cuts more competitive.

The decision and argument about whether government sponsored projects should be based on workforces here or abroad misses the point, which is that we are pricing ourselves out of the competition.

Monday, November 23, 2009 10:49AM Report Comment
 

5. braindeed said...

HP@1...House prices HAVE to drop if UK is to be competitive with the rest of the world.

Not according to Mr Badgers recent analysis at Minitrue - the Quick Evapouration of excess fluffiness in the nations savings bedrock, can provide a stable foundation for future proletarian Ladder climbing efforts.

Monday, November 23, 2009 10:58AM Report Comment
 

6. mr g said...

My comments to the previous post equally apply to this article:

How can any Labour politician have any idea of what happens in the real world of business when the majority are ex lawyers, polytechnic lecturers or social workers?

Monday, November 23, 2009 10:59AM Report Comment
 

7. braindeed said...

mr g @4...
politician have any idea of what happens in the real world of business when the majority are ex lawyers, polytechnic lecturers or social workers?
Statistics at Miniplenty have shown that many politicians endevour to maintain links with industry, and as a consequence the majority in the outer Party still actively support the Ladder industry.Minitrue statitistics show that the Ladder industry supports a huge proportion of useful people that would otherwise flea the country and make their livings elswhere, East Asia, for instance.
The fact that the rungs on the upper ladder are so stout and able to withstand the impact of the larger family masses for generations past, (and to come) is a tribute to the efforts of the politicians who can both represent us in the House , and in the ladder industry, simultaneously.

Monday, November 23, 2009 11:23AM Report Comment
 

8. hpwatcher said...

Not according to Mr Badgers recent analysis at Minitrue - the Quick Evapouration of excess fluffiness in the nations savings bedrock, can provide a stable foundation for future proletarian Ladder climbing efforts.


Magick?

Monday, November 23, 2009 11:51AM Report Comment
 

9. mark wadsworth said...

I'm old fashioned as well and don;t think we should be subsidising things, let along windmills or nuclear power stations. if Johnny Foreigner is happy to invest his own money in the UK, then good stuff.

Monday, November 23, 2009 12:09PM Report Comment
 

10. hpwatcher said...

I'm old fashioned as well and don;t think we should be subsidising things, let along windmills or nuclear power stations. if Johnny Foreigner is happy to invest his own money in the UK, then good stuff.

Yeah, invest in the debt mountain.

Monday, November 23, 2009 12:17PM Report Comment
 

11. braindeed said...

MW@7
I'm old fashioned as well and don;t think we should be subsidising things, let along windmills or nuclear power stations.

.......erm, I think you'll find that 'old fashioned' will take on an entirely new meaning without the support of 'windmills or nuclear power stations.'
Ever seen Robin Hood on TV (tv.....how we'll hanker after Celebrty X-jungle)? - now imagine that, and where the poor are a diasporated lump that hates themselves too.
Pass the Dutchy.

Monday, November 23, 2009 12:37PM Report Comment
 

12. mark said...

I agree UK is too expensive to live in relationship to wages and taxes, hence why so many people get into debt on credit cards..

Monday, November 23, 2009 12:43PM Report Comment
 

13. mark wadsworth said...

Braindeed 11, does not compute.

People are happy to pay for the electricity they use, companies that generate it can make a profit. It's up to them how they do it. I don't see the point of making people pay twice, once via their tax bill and once via their electricity bill. If that's not a recipe for poverty I don't know what is.

Monday, November 23, 2009 02:52PM Report Comment
 

14. braindeed said...

These are the 'good old days' - we have fossil fuel.
obdura et prefer, dolor hic tibi proderit olim

Monday, November 23, 2009 03:07PM Report Comment
 

15. mark wadsworth said...

I googled that Latin phrase and discovered it means "Be patient and tough; some day this pain will be useful to you."

Monday, November 23, 2009 03:16PM Report Comment
 

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