Living in cloud cuckoo land

[DimPrawn]

http://www.telegraph.co.uk/finance/e...r-Britain.html

The British people are living in a fool's paradise and have yet to understand the gravity of the economic crisis, according a former head of the Financial Services Authority.

What is disturbing is that the British people seem unwilling to face minimal belt-tightening. Even professors in higher education are balloting to strike, demanding a continuation of boom-time pay raises. "You have the best minds in the country planning to go on strike for 8pc. People are miles away from understanding what is needed."

Polling data shows that 48pc of the public are against any spending cuts and only 20pc see the need for retrenchment. Britons appear to assume that the "fantastic growth in public spending" over the last decade has become an entitlement.

It's me hooman right!

When are people going to wake up to the fact that the UK is effectively a bankrupt?

[MrMark]

No,the UK is not a bankrupt (yet). It can still earn money, and it can still print money. I, on the other hand, am a bankrupt (the banks just don't know it yet). Unless I can get my hands on a printing press...

[gingerjedi]

If there were no employment laws, a complete hire and fire free market on par with what contractors have to deal with... then the public would understand.

8% rise?? Try a 55% pay cut... Mustn't grumble.

[Peoplesoft bloke]

not to worry we'll soon have a Tory government to drop kick us all in the face again.

[sweetandsour]

not to worry we'll soon have a Tory government to drop kick us all in the face again.

Here we go.

Yes they will. Once again, the economy is seriously FUBAR and radical and unpleasant medicine is required.

[AtW]

No,the UK is not a bankrupt (yet). It can still earn money, and it can still print money. I, on the other hand, am a bankrupt (the banks just don't know it yet). Unless I can get my hands on a printing press...

It's technically insolvent: bankruptcy is the end point.

[DimPrawn]

not to worry we'll soon have a Tory government to drop kick us all in the face again.

Or the alternative which is Labour drives the UK further into complete financial ruin and you and your family are living off a soup kitchen, 1930's depression stylee.

[AtW]

Maybe voting should be personalised so that those who vote Labour would be accepting higher taxes and debts? That would be fair.

[snaw]

http://www.telegraph.co.uk/finance/e...r-Britain.html





It's me hooman right!

When are people going to wake up to the fact that the UK is effectively a bankrupt?

Not sure I agree with his premise there. Most people have already tightened their belts (Easy to prove we're spending less on luxuries) at home, and many I know have accepted pay/rate cuts and freezes, as have some unions etc.

Agree that some unions are a bit nuts in not being pragmatic about the state of things, but generally speaking I think he's talking tulipe.

Proofs in the pudding as they say, I expect people to vote in a conservative government who have promised us spending cuts, if 48% disagree and vote that way chances are they won't get in. I doubt that somehow.

[BlackenedBiker]

Not sure I agree with his premise there. Most people have already tightened their belts (Easy to prove we're spending less on luxuries) at home, and many I know have accepted pay/rate cuts and freezes, as have some unions etc.

Agree that some unions are a bit nuts in not being pragmatic about the state of things, but generally speaking I think he's talking tulipe.

Proofs in the pudding as they say, I expect people to vote in a conservative government who have promised us spending cuts, if 48% disagree and vote that way chances are they won't get in. I doubt that somehow.

Snaw I thought that you were off to Singapore?? How is that going