Re: Irish mess
big question is, would the Irish help us if the tables were turned?
dont get me wrong i love the Irish and i for one am glad we are helping. but where does it stop?
we are going the same way. the uk pound is far to strong our house prices are non reflective to the average wage which in turn pushed wages even higher which makes any goods we do produce far to expensive to be competitive on the open market which in turn is causing businesses to up roots and seek cheaper staff/tax.
britain is fecked plain and simple. the government are pushing the price up on duty/tax to try and claw its way out of a major recession but when the prices get to high the public will stop buying which will result in devaluation of the pound and negative equity on property.
credit crunch.. feck off it was just an excuse to push interest rates up on loans/cards as the banks were not making it on mortgages. whats going to happen when the BOE does stick mortgage rates up?
my view. but as said before i'm stupid and know nothing about nowt.
|