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U.K. Prime Minister Gordon Brown and his country are winning a race they would rather lose: to the bottom.
Global investors are more pessimistic about the U.K. than any other major economy and Brown gets overwhelmingly negative reviews, according to a global quarterly poll of investors and analysts who are Bloomberg subscribers.
Originally posted by bigyin
It costs money to build a ship or produce a ton of coal or create a box of chocolates.
If it is cheaper to get somebody else to do it then thats what will happen.
We either have to reduce our labour costs or remove benifits to people who do nothing forcing them to take low paid jobs.
Originally posted by eldard
U.K. Prime Minister Gordon Brown and his country are winning a race they would rather lose: to the bottom.
Global investors are more pessimistic about the U.K. than any other major economy and Brown gets overwhelmingly negative reviews, according to a global quarterly poll of investors and analysts who are Bloomberg subscribers.
www.bloomberg.com...
Originally posted by Rockpuck
London is the Worlds third largest financial center..
The ranking, compiled by the World Economic Forum (WEF), places the UK at the top of a leader board of 55 of the world’s largest financially-focussed countries. The US, which had previously held the top spot, slipped to third, behind second-placed Australia.