The U.K. financial forecast that no one dares tell you
The U.K. financial forecast that no one dares tell you
Let us first recap on the United Kingdom financial scene over the last 10 years or so and the warning signs that emerged throughout that decade.
For those old enough to remember do you remember the nail biting statistics released every month showing Britain's World trading account the balance of payments? Until recently does anyone remember seeing them during the last 10 years? The Labour Government conveniently hid them from view as the U.K. trading position worsened and rather than reduce Government spending to compensate it kept its mouth shut and naively increased Government borrowing.
These were the so called boom years (when prudent Governments were putting money away for a rainy day) with full employment and uncontrolled immigration. But behind the scenes a major shift in employment was occurring. Manufacturing and productive jobs in the private sector were falling rapidly while jobs in the public sector were escalating.
A half baked attempt to control this rising debt and the interest charges was rolled out. The Government and its so called "experts" decided to sell off Britain's gold reserves and other assets (as it turned out at rock bottom prices) plus many key industries were allowed to fall or be bought cheaply by foreign owners.
Another brilliant plan was drawn up by the then Government to set-up a new (what turned out to be toothless and expensive) body called the Financial Services Authority (FSA) to take over the monitoring and control of the banking sector - formerly carried out reasonably successfully by the Bank of England. We all know to our cost how that turned out!
When the s... hit the fan 2 years ago the then Government and its expensive mouth pieces said publicly "but we had no idea this was coming and is a global problem". Sure it has turned out to be a global problem but many countries are emerging in much better shape than the U.K. The United Kingdom now has the biggest debt of any European country.
Does it really require expensive experts to predict what any school boy knows? You cannot spend more than you earn over a 10 year period without running into real trouble. It was only a matter of time...and the, by now out of control, banks turned out to be the catalysts. So the spin doctors had a ready culprit. It turned attention away from the gross mismanagement of the country's finances by the Civil Servants and Labour Politicians to the out of control, overpaid bankers.
So let's move on to today. The U.K. has a new coalition Government who are starting to say and do many of the right things but do they really have the stamina and guts to do what, for example, Canada did 10 years ago when they were running into financial trouble? I wonder? Most U.K. politicians have a rather poor record.
Looking forward there are some obviously serious threats to the U.K. and other Western countries. Sure the Middle East poses current and potential problems for the future but the most serious threat to the West's economies is from Asia. Everyone is aware that China has been flooding the consumer markets with cheap products undercutting Western equivalents significantly. While Western companies falter and fail China goes from strength to strength. China's trading account with the rest of the World is just mind blowing. But don't just look at China India's economy is growing rapidly too. Anyone travelling to Asia cannot but notice the huge efforts being made by them all. Education is now giving rise to many having higher literacy rates than the U.K. The populations are working very hard seeing the opportunities that are now within their grasp. They are single minded and not yet bogged down by distractions such as paying for social programmes they cannot afford. Asia is beginning to motor but hasn't yet got into top gear but it will and unless there is a major re-think and challenge from the West it will go on un-checked.
This somewhat depressing picture leads us inevitably to a year maybe not too far off where unemployment in the West continues to rise and living standards fall. Whereas in Asia the reverse will be true. Does it therefore follow that immigration to the West becomes emigration to Asia. Whilst Asia might accept some of its own Nationals back - owing to overcrowding and to avoid social problems they are unlikely to accept people of different races and cultures particularly Westerners (who they took so long to get rid of not that long ago).
Answers for the people of the U.K. to avoid this scenario can only be very blunt and to the point.
Forget the Empire you don't have one any more. You are now a World player of very modest means act and pay accordingly. Restrict Social programmes to what you can afford no easy hand outs to the work shy. Re-build a culture of having a work ethic where you only get out of life that that you put in. Recognise that Unions have destroyed more British companies in the last 20 years than any war did. There are still some go ahead British companies put all such companies on a pedestal and give financial incentives to others to get there too. The hard World Britain now finds itself wallowing in will show it no favours so called "special relationships" are as shallow as your purse. Toughen up speak out - forget political correctness and media hype and learn to become goal oriented once again.
Then maybe just maybe there will be a future in the United Kingdom for tomorrow's young Brits. Evolution Defines Shopping Style Between Man And Women Why My Husband Doesn'T Want To Have Sex With Me - Marriage Problems Kvm Switches Making The Right Shopping Decision Insurance for small businesses How To Make Money Online--Different Ideas Quebec Daily Deals Convenience Of Online Shopping Vanche gujarat- a beauty of reading Causes of Oral Thrush in Men and How to Cure Thrush Naturally Essential Steps For Forex Trading Reviews Find out how to Shop for Clip-in Hair Extensions by:Dean Cane Black Friday Shopping How To Get A Job At A College Or University Surf Ireland The Best Way To Enjoy Your Journey