We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
Goldman Sachs boss "UK has no choice but Austerity"
IronWolf
Posts: 6,430 Forumite
Reacting to the 'advice' given by the IMF, GS boss tells it like it is. As opposed to the IMF, GS opinion actually matters and moves markets.
http://www.bbc.co.uk/news/business-22260949
Lloyd Blankfein, the head of giant investment bank Goldman Sachs, has said the UK must stick with its austerity plan or face a negative reaction from global investors.
http://www.bbc.co.uk/news/business-22260949
Faith, hope, charity, these three; but the greatest of these is charity.
0
Comments
-
TBH, both really carry the same weight: both are the opinions of educated, intelligent people.
The problem is that a lot of people have no interest in the parts of the argument that disagree with them so we end up with numptynomics.0 -
Reacting to the 'advice' given by the IMF, GS boss tells it like it is. As opposed to the IMF, GS opinion actually matters and moves markets.
http://www.bbc.co.uk/news/business-22260949
Questions why we need government (apart from someone to blame which ever way they lean) really as the bankers pull all the strings. Didn't they have something to do with carp we are all in?
Carney is ex GS so will be no doubt be our saviour.
The advice is just unreliable as the IMF but they are the ones with the two bricks.
At least the deficit is going in the right direction. betetr bank it before it get's adjusted.
UK government borrowing sees slight dip
Chancellor George Osborne has been under pressure to change the course of his austerity plan
The UK government borrowed £120.6bn in the financial year to April 2013, slightly lower than the amount it borrowed the previous year.
The amount was £0.3bn lower than the previous year's total of £120.9bn.
http://www.bbc.co.uk/news/business-22261070
"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
The borrowing figures are horrible...
http://www.bbc.co.uk/news/business-22261070The UK government borrowed £120.6bn in the financial year to April 2013, slightly lower than the amount it borrowed the previous year.
Give or take they met the OBR's forecast but it's seems very unlikely that there will be a balanced budget by 2017/18 especially as cuts seem to be deferred.
Are the government spending more or less YoY or is the deficit due to lower receipts than expected?0 -
The 4g license sales did their job in the end then
'Which? welcomes the progress made by Ofcom, the government and industry to bring forward the availability of 4G services across the UK to spring 2013, five months earlier than planned.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.1K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 243K Work, Benefits & Business
- 597.4K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards