Wednesday, June 8, 2011

Basic Economics !

In the UK a high percentage of people are already on the bread line.
The government is about to tax more.
Utility companies are increasing their bills by approx Stg200 a year and just to point out that in the past 3 years these have risen approx 75% and they are foreign owners so this is money leaving the UK.
http://www.telegraph.co.uk/finance/personalfinance/8562207/Millions-of-households-face-record-high-energy-bills.html
Oil companies are keeping prices artificially high.
Employers are lowering salaries.
EU asking for an extra Stg 1bn
Government giving aid to countries that don't need it or it'S going to bribery and corruption

Basic Economics shows that this is too little cash for the nation and also revenues leaving the UK.
More unemployment
House price fall and if you remember I said a few months ago they have another 25% to fall
Increase in house repossession and therefore homeless families will put a burden to the social benefits
I can see Stg going to 1.00 against the Euro or maybe even .85p

The economy will collapse if this continues. !!


The government had better do something very soon otherwise it will be too late

No comments: