lex1....fed maybe one point of view... But considering the state of the uk and corruption from bankers and MPs with their allowances fraud, and recently there was reports of that they may not pay back their ill gotten gains ...regarding cost via USA there is many differences as we all know.... In many things... And as a country the uk is so soft and vulnerable to loosing the financial importance it has held for many decades....
Also the government are to many a very poor idea of quality management in running the country... Even with so many high paid boffins, the uk was allowed to drown itself in massive debt form the year 2000 and to add insult to it all ...I remember the media often reported that the uk was one of the highest credit debted countries in Europe during 2000 - 2006 ....
The crash 5 years on has now started the massive change to Internet buying and selling, often cheaper to so many with reduced spending power post crash... Yearly reducing the need for many of our high street shops in the next 10 years.. You do not need to be a boffin to relies a big change is happening...
I spoke to a supermarket food delivery driver on Sunday.. . He said they had 8 trucks delivering an ave 25 deliveries a day... That is 200 a day ... 1400 a week... 5600 a month ... 70,000 a year ... Out of Norwich ... And that's just 1 supermarket chain in one city. God knows how many deliveries a day around the uk....it will not shut supermarkets... But if those massive amount of sales of other products on a bigger scale to amazon , play.com and many others have a lasting probable 10 year growth... And a transition away from shops ... Then shops will close and councils tax revenues will reduce ...Impacting in other ways...
Meanwhile in my opinion the next 10 years with an Internet driven society ... Many changes will be coming to so many... Part time working is growing... Which is no good to live on... Pension annuities are paying less pensions... House prices that are unaffordable...to the young and next generation... Utility bills that many are struggling to pay... And reports yesterday that less car journeys are being travelled .. All adds to the realistic logic that things are changing in the uk...slowly .. The revelations of tax avoidance and hands in the till MPs .. And now the happy credit lifestyle of 10 years ago .. Is replaced with debt, and low spending incomes and far less full time jobs.
Many of us that are over 45 may well ride the storm... But those that are under 25 will be finding that following your parents path to wealth ...has very limited prospects.. They are the future growth of the uk.
Regarding rbs the opportunities have been there to make a few quid the past 18 months on the ups and downs, no doubt mega millions have been made on the movements during that time.
Ranjm..interesting video.. More or less what I say the country is badly run...and an inexcusable amount of mistakes and corruption...
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