UK Trade Gap Worsens To 3.6 Billion As Plan A Falters Again

DecentLivingWage

Most sensible countries are looking to their own citizen base for demand and growth during a global recession -but in the UK the Cons impoverishment policy has scared many consumers into not spending and many have not one pound of disposable income anyway - so the really worrying thing is the accounts of a 4.7% drop in exports to countries outside Europe - the markets Osborne and Cameron are desperate for at the moment.

CLAPTON

DecentLivingWage wrote: »

Most sensible countries are looking to their own citizen base for demand and growth during a global recession -but in the UK the Cons impoverishment policy has scared many consumers into not spending and many have not one pound of disposable income anyway - so the really worrying thing is the accounts of a 4.7% drop in exports to countries outside Europe - the markets Osborne and Cameron are desperate for at the moment.

I can certainly see why you want a return to the policies of the days of high exchange rates, strong government, industrial rebirth; sorry old boy Maggie isn't available.

michaels

DecentLivingWage wrote: »

Most sensible countries are looking to their own citizen base for demand and growth during a global recession -but in the UK the Cons impoverishment policy has scared many consumers into not spending and many have not one pound of disposable income anyway - so the really worrying thing is the accounts of a 4.7% drop in exports to countries outside Europe - the markets Osborne and Cameron are desperate for at the moment.

So true, you see the lack of domestic demand every day in areas like the sale of new cars where Europe is forging ahead whereas the UK is seeing year after year of declining sales....:rotfl:

Thrugelmir

Originally Posted by DecentLivingWage
the markets Osborne and Cameron are desperate for at the moment.

Will take years to build overseas markets for UK products.

When you've tried exporting. I'll have time to listen to your views.

DecentLivingWage

'takes time' ironic, the one thing Osborne hasnt got - he's dithered and vacillated too long - parliament will be halted for the General Election in about 18 months or sooner (BoJo,NoConfidence notwithstanding) and there isnt time to turn the economy/trade deficit around - it takes at least 4 yrs from the 'green shoots' and we havent even got those... papers warning of Tory meltdown today. Cant help feeling he missed a trick there.

Thrugelmir

The UK is not alone.

S Korea in $15.3bn stimulus bid to spur economic growth

The funds will be used to help small and medium-sized exporters, create jobs, boost a stagnant property market and cover a shortfall in tax revenue

http://www.bbc.co.uk/news/business-22162383

Generali

Thrugelmir wrote: »

The UK is not alone.






http://www.bbc.co.uk/news/business-22162383

It's ok, no need to panic. The pound is back up to 1.53 against the dollar. Let the good times roll.

Conrad

DecentLivingWage wrote: »

'takes time' ironic, the one thing Osborne hasnt got - he's dithered and vacillated too long - parliament will be halted for the General Election in about 18 months or sooner (BoJo,NoConfidence notwithstanding) and there isnt time to turn the economy/trade deficit around - it takes at least 4 yrs from the 'green shoots' and we havent even got those... papers warning of Tory meltdown today. Cant help feeling he missed a trick there.

Reagan won in 1984 despite a still moribund general economy. The reason for this was the trend of falling unemployment even though it was still high.

Slowly but surely we are rebalancing and exports to the world outside Europe are growing. Also note inwards investment is the second highest in the world.