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UK economic recovery on the verge of collapse
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Very narrow view there pdrdef - so Spectrum didn't sell millions of Spectrum 48k's etc? Rolls Royce don't have engines in 1000's of aircraft? BAE don't sell millions of pounds worth of weaponry globally? we have one of the strongest life science sectors in th world....yet you pick out a Delorean and a pocket TV for your argument......
Well done!
When writing your comment were you aware/can remember that Rolls Royce is actually once of the most sucessful HMG rescue jobs ever.
Rolls Royce went bust/bankrupt in 1971 weighed down principally by the development costs of the RB211 engine series. HMG promptly nationalised it as it was viewed Rolls as being of critical national importance and a few decades later re-privatised it.
Thats the good news......
Recently Rolls have been making noises about moving more stuff overseas and anyway already have facilities doing both design and testing work out in the far East and India respectively. Their manufacturing side is very energy intensive and the rising cost of power which for industrial users has been far higher than for domestic users must be making it increasingly uncompetitive to continue in the UK0 -
Just commenting on the difficulty of picking the science and technology that will actually make money.Very narrow view there pdrdef"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
That's the other problem. We need something that's anchored in the UK. Something that uses the UK's resources or talents. Hmm.ChiefGrasscutter wrote: »Recently Rolls have been making noises about moving more stuff overseas
It's easier to generate GDP by supplying local customers with stuff they don't need, but of less real value.
Heritage and language are about all we've got. Perhaps we should be flogging them a lot harder. Maybe the Bombardier factory should become a train-building museum."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Nothing new here, but I like the way they put it. It's just burden-sharing. We're all in this together folks. Choose your poison.
Quote: "Any plausible resolution to the current financial crisis must involve burden-sharing on a scale not seen since the 1930s. Unemployment, defaults, inflation, currency crises, stock market collapses, austerity: all these are consistent with the new, lower, level of economic activity"
http://www.citywire.co.uk/money/chart-of-the-day-uk-economy-more-and-more-sickly/a518386"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Nothing new here, but I like the way they put it. It's just burden-sharing. We're all in this together folks. Choose your poison.
Quote: "Any plausible resolution to the current financial crisis must involve burden-sharing on a scale not seen since the 1930s. Unemployment, defaults, inflation, currency crises, stock market collapses, austerity: all these are consistent with the new, lower, level of economic activity"
http://www.citywire.co.uk/money/chart-of-the-day-uk-economy-more-and-more-sickly/a518386
"....Or maybe we should just stop paying attention to economists’ forecasts."
That's much more like it!
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
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Ah yes, The white heat of the technological revolution. Which brought us the National Enterprise Board, the DeLorean car and the Sinclair pocket television.
And Concorde. Total sale: 14.
Oh - sardonic lol. Yes, agree, but don't forget the lovely little ARM microprocessor, that I've been invested in since the dot. com bubble! And Autonomy, just been sold to HP. And, er..... OK those two.0
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