Lavanda wrote:"... many of our members are married to or have family and friends living in other EU countries..."
For example, Nigel Farage
 
Lavanda wrote:"... many of our members are married to or have family and friends living in other EU countries..."
Like the deficit. Britain owes a vast amount of money that is increasing each year despite the Coalition saying it would decrease. It is like a Ponzi scheme or the King has got no clothes on scenario. It continually amazes me that sheeple think every thing is fine just because the government tell them everything is fine. I wonder how many Greeks or Portuguese or Irish for example believed everything was fine before they had to accept bailouts and the subsequent draconian austerity measures. Labour will form the next UK government , without needing to form a coalition. They will preside over the running out of money. The only salvation could be another war.markwilding wrote:The fact that the UK has just got back its triple AAA credit rating from ratings agency Standard & Poor's doesn't seem to back up your expectation that Britain is about to go bust.The high rating tends to mean that the most in the financial market are confident that the UK can make its repayments.olive wrote:
If Britain does run out of money i.e. its debt is too much (it is already way over the critical 90%) then parity would be the least of Britains problems as would struggling expats. .
Times are hard but......
The economy is stagnant, It isn't disappearing.
The attributes that makes the UK credit rating one of the best in the world, let's repeat that to make sure everyone got it: ONE OF THE BEST IN THE WORLD, is that the UK has stable government, a well regulated finance sector, manageable debt and a history of never, ever defaulting on a government loan (let's ignore the war-loans fron the USA made during WW1 that will never be repaid).olive wrote:Ratings agencies? Weren't they the ones that pronounced the USA in good health just before their banking crash...... Thought so.
Farage's wife is German.Lavanda wrote:"... many of our members are married to or have family and friends living in other EU countries..."
All very true but when you take a closer look you find that the UK's overall debt, both public& private is 8,900,000,000. That's tad short of 9 trillion. Near enough past the point of no return!pete_l wrote:The attributes that makes the UK credit rating one of the best in the world, let's repeat that to make sure everyone got it: ONE OF THE BEST IN THE WORLD, is that the UK has stable government, a well regulated finance sector, manageable debt and a history of never, ever defaulting on a government loan (let's ignore the war-loans fron the USA made during WW1 that will never be repaid).olive wrote:Ratings agencies? Weren't they the ones that pronounced the USA in good health just before their banking crash...... Thought so.
So far as the U.S. credit rating goes: Moody's Investors Service currently rates the United States Aaa, Fitch rates the country AAA, and Standard & Poor's rates the country AA-plus. All three of those ratings have a negative outlook.
So, no: the rating agencies are not blind to the americans' failure to control their budget and debts. The fact that they dealt with the huge problems without needing a bail-out and that their currency didn't go into free-fall demonstrates that their credit rating is probably about right. And while ratings are merely opinions based on openly available information, they do mean the the UK can borrow money far cheaper than almost any other country. That in itself is a sign of the confidence that every lender has in the UK's ability to pay its way. If they didn't have that confidence, they wouldn't buy british debt at such low rates.
Response,SponPlague wrote:Two thoughts:
1. EUROPE is NOT the same as the EU, or Russia would be sending MEPs to Brussels!
2. Those who think Nigel Farage hates foreigners should remember that he has a German wife.
I will not be spending much time here, as my job as a moderator on the members' forum keeps me busy, amongst otherbthings, but I have enjoyed great holidays in Alcanar, Catalonia recently...
Gus, Gus, Gus. What can I say? except to quote you a piece written by the BBC's top economist.gus-lopez wrote: ...
All very true but when you take a closer look you find that the UK's overall debt, both public& private is 8,900,000,000. That's tad short of 9 trillion. Near enough past the point of no return!
The ratings agencies. ... .
A directive introduced to ensure that lorry drivers and machine operators took a rest period on safety grounds has – like many other EU rules – morphed into something that was never intended.
Who the UK trades with is not an either/or question (either they sell to the eurozone OR to the BRICs). No, the country, like anyone in the eurozone is free to trade with whomsoever they choose.olive wrote:I do not subscribe to the notion that Britains trade would suffer from distancing itself from a federal Europe. Europe is a stagnant market and will be worse as more countries implement more austerity/bank deposit grabs. The real markets are the BRICS. Cameron is to be applauded for drumming up business there. Better late than never.
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