Little Britain: why the UK is no longer a superpower

[ekrem]

In the hundred years from 1914 to 2014, the century since the outbreak of the first world war, the UK will have declined from pre-eminent global superpower to developing country, or "emerging market". The symptoms of this vertiginous plunge in the world's rankings are already starkly apparent: a chronic balance of payments deficit, a looming shortage of energy and food, a dysfunctional labour market, volatility in economic growth and a painful vulnerability to external events.

Since the start of the crisis, the UK has borrowed more in seven years than in all its previous history. It has impoverished savers by pegging the bank rate well below the level of inflation, and indulged in the sort of money-creation policies normally associated with Germany in 1923, Latin American banana republics in the 1970s and, more latterly, Robert Mugabe's Zimbabwe.

Little Britain: why the UK is no longer a superpower | Business | The Guardian



Excluding financial interventions (? saving Banks)

 

[Nova78]

Common theme , let in all the vile vermon you can ,and give them womb to the tomb entitlements , and borrow money to pay for all there worthless asses and see what happens, sound familar ? Coming to a town near you.....