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Advocate

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Everything posted by Advocate

  1. It is not credible that he was not informed. The victim was lucky he didn't have the surgery in Austria. In Austria a surgeon cut the wrong leg off and the lawsuit was settled for a pittance. https://edition.cnn.com/2021/12/02/health/austria-surgeon-fine-amputation-scli-intl
  2. Thanks for holding a place for me at the back of the queue. The queue is full of UK people. Everybody knows that in the UK queues have no end because of the love of Englishmen for queuing.
  3. Brexit is a time machine that only moves backward. Next stop Dickensian poor houses.
  4. Immigration knows passport details of passengers checked into flights. Pre-clearance could be done before they land which means less time by the officer at the airport arrival counter.
  5. On 20190809 it went as low as 37.03. The UK economy is still in the wilderness seeking rescue. Is the UK economy now vulnerable to an attack on the GBP like the one by George Soros in 1992.
  6. Your information was not correct. It referred to monthly information for June 2022 which is not "correct up to date" for October 2022, whereas my information referred to annual trade balance.
  7. It was evident towards the end of Blair's tenure as Prime Minister that his aspiration was to fill his pockets with domestic and foreign money as fast as he could lay his hands on it. Whatever principles he started with were long abandoned in his greed for money. The alignment with Bush earned Blair free money from US donors with lavish lucrative sponsoring of all his activities after he left office. All of Blair's deeds and words were self-serving means of self-enrichment.
  8. Fear not McTavish. Truss is coming to your rescue.
  9. Germany has a positive trade balance of ~$274 billion. There are many non-Western countries with positive trade balance.
  10. Yes it does, especially in the UK which consumes more than it produces. It affects the price of imported goods and energy in particular. Boris Johnson led Brexiteers into the wilderness and third world status. Real earnings growth has been mostly negative since Brexit. “The problem isn’t that the U.K. budget was inflationary,” wrote Dario Perkins, a managing director at TS Lombard, a research firm, on Twitter. “It’s that it was moronic.”
  11. Out of the frying pan into the fire is not a solution. The UK has three main problems which are exacerbated by Brexit: 1. It is not united: 2. Ireland; and 3. Scotland That's without other drains on its economy and issues of morals and hypocrisy like the Falklands and Gibraltar. The directional heading of the UK is toward third world status and probably becoming a recipient of donations from India and other third world countries. Is it now time for Australia to be sending tins of lard to the UK as was done during WW2.
  12. Brexit has exposed the weakness of the UK economy. The GBP has long been over-valued. Financial experts have been quoted as saying the UK produces less than it consumes and pays for that by borrowing from foreigners. Last century the GBP was worth as much as 5 x USD. Now its a paltry 1 x and falling. The UK economy is devasted since Brexit and the GBP has been declining since the end of the North Sea oil and gas boom. Being designated the "worst performing economy in the OECD" doesn't help. "To Mr. Goldin, the pound’s journey indicates a decline in economic and political influence that accelerated when Britain voted to leave the European Union in 2016. In many respects, Britain already has the worst performing economy, aside from Russia, of the 38-member Organization for Economic Cooperation and Development. https://www.nytimes.com/2022/09/28/business/economy/uk-pound-history.html “It’s just a question of time before it falls out of the top 10 economies in the world,” Mr. Goldin said. Britain ranks sixth, having been surpassed by India. Eswar Prasad, an economist at Cornell University, said this latest plunge had delivered a bracing blow to Britain’s standing. A series of “self-inflicted wounds,” including Brexit and the government’s latest spending plan, have accelerated the pound’s slide and further endangered London’s status as a global financial center. "
  13. The GBP is worth 25% of its 1940 value against the USD. It is still falling.
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