Posted by seumasach on January 12, 2016
The exposure of the chronic weakness of the UK economy is long overdue: a bombed-out high street, empty pubs, falling share prices, the collapse of the property bubble and local government insolvency are all on the horizon. But the negative current account is the icing on the cake. Presumably, this reflects lack of interest in UK government bonds and the continued need to monetise them i.e print money to buy them: hence the inevitability of a sterling crisis with an accompanying inflationary surge or rising interest rates which will trigger the collapse of the financial sector. We are indeed cursed by interesting times!
12th January, 2016
Sterling plunged to a five-and-a-half year low against the US dollar on Tuesday, as the UK’s manufacturing sector shrunk unexpectedly.
Posted in UK economy, Uncategorized | Tagged: bankrupt Britain | Leave a Comment »
Posted by seumasach on January 11, 2016
10th January, 2016
Asset prices around the world are collapsing as the global economy slows and UK housing will not escape
Posted in UK economy | Tagged: bankrupt Britain | Leave a Comment »
Posted by seumasach on December 6, 2015
6th December, 2015
MBDA, the manufacturer of the British Brimstone missile, is set to be the main economic beneficiary of last week’s parliamentary decision authorising UK airstrikes in Syria.
Posted in UK economy | Tagged: demilitarise Britain | Leave a Comment »
Posted by seumasach on October 22, 2015
It will be interesting to learn more about this new financial centre.
China Builder Revives $2.6 Billion London Project After Xi Visit
22nd October, 2015
Chinese developer ABP (China) Holdings Group Ltd. has brought in a unit of state-backed Citic Group as an investor in a project to transform London’s Royal Albert Dock into a financial center after the estimated cost surged and work was delayed.
Posted in Multipolar world, UK economy | Tagged: China-UK comprehensive strategic partnership | Leave a Comment »
Posted by seumasach on October 21, 2015
Britain can’t ignore this reality
19th October, 2015
Who would have guessed just three years ago that the David Camerongovernment would be the author of the boldest change in British foreign policy since the second world war? That is exactly what is now unfolding.
Posted in Multipolar world, UK economy | Tagged: China-UK comprehensive strategic partnership, Chinese soft power, special relationship with China | Leave a Comment »
Posted by seumasach on May 3, 2015
2nd May, 2015
Aren’t financial assets “simply pumped up by printed money?” Don’t share prices “need to adjust downward by something like 50pc?” Is it “really the case that if Greece leaves monetary union, other countries won’t follow?” It must “surely be wrong to try solving a debt problem by taking on even more debt?”
Posted in Financial crisis, UK economy | Tagged: bankrupt Britain, End of empire, no more bailouts | Leave a Comment »
Posted by seumasach on April 14, 2015
“The investment is a strategically important beginning for our exploration in the European market,” Li Huaizhen, Minsheng’s CEO, said in Shanghai
15th February, 2015
A Chinese investment firm has announced it is to invest £1bn in a homegrown development project to create a third financial district in east London.
Posted in UK economy | Tagged: Chinese soft power, End of empire, The Great British Sell-Off | Leave a Comment »
Posted by seumasach on April 12, 2015
12th April, 2015
Every man, woman and child in Britain is more than £3,400 in debt – without knowing it and without borrowing a single penny – thanks to the proliferation of controversial deals used to pay for infrastructure such as schools and hospitals.
Posted in Financial crisis, UK economy | Tagged: bankrupt Britain, private finance initiative | Leave a Comment »
Posted by seumasach on April 6, 2015
19th September, 2010
‘Britain’s ability to continue with nuclear weapons without US support becomes very slim to the point of invisibility”, the Conservative defence specialist Dr Julian Lewis MP admitted in 2005 when addressing a conference in Whitehall. Indeed, British nuclear weapons rely on “American goodwill” according to Colin Gray, a strategist favoured by both President Bush Snr and Mrs Thatcher.
Posted in Global peace process, UK economy | Tagged: End sanctions against Russia!Scrap Trident!, global demilitarization | Leave a Comment »
Posted by seumasach on March 23, 2015
Here is confirmation of China’s potential world leadership. From now on, China has internationalized its “soft power” and these institutions will become truly global in their scope. Why else would “developed countries” like Britain be so desperate to join them- to make sure they live up to our own exacting standards of financial probity?If capital investment coming into Britain comes through banks of which we are founding members things become a lot easier politically
20th March, 2015
The BRICS New Development Bank (NDB), the Asian Infrastructure Investment Bank (AIIB), and the Silk Road Fund are all international initiatives spearheaded by China over the past months that symbolize Beijing’s growing influence in providing development funding and potential new sources of financing for developing countries.
Posted in Multipolar world, UK economy | Tagged: Asian Infrastructure Investment Bank(AIIB), BRICS New Development Bank (NDB), Silk Road Fund | Leave a Comment »
Posted by seumasach on March 14, 2015
13th March, 2015
Overlooking US censure, the UK has announced its decision to join China’s Asian Infrastructure Investment Bank, becoming the first “major western country” to apply for membership.
“I am delighted to announce today that the UK will be the first major Western country to become a prospective founder member of the Asian Infrastructure Investment Bank, which has already received significant support in the region,” said UK Finance Minister George Osborne on Thursday.
Posted in UK economy | Tagged: China-UK comprehensive strategic partnership | Leave a Comment »