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1. The continuing weakness in the UK's medium-term growth outlook, with a period of sluggish growth which Moody's now expects will extend into the second half of the decade;
2. The challenges that subdued medium-term growth prospects pose to the government's fiscal consolidation programme, which will now extend well into the next parliament;
3. And, as a consequence of the UK's high and rising debt burden, a deterioration in the shock-absorption capacity of the government's balance sheet, which is unlikely to reverse before 2016.
However please post here agreeing with me to save our countries finances.
Originally posted by EvanB
Speaks for itself
France has lost its AAA rating
As an Englishman I find that funny as fk! Lol
I hope thhat those Scottish separatists are taking notes lol
edit on 13-1-2012 by EvanB because: (no reason given)edit on 13-1-2012 by EvanB because: (no reason given)edit on 13-1-2012 by EvanB because: (no reason given)
Originally posted by bjax9er
yup it's obamas fault.
and i'am serious...
Originally posted by Dispo
Foreign aid isn't aid, it's bribe money.
Why do people think governments would voluntarily give away all kinds of money on account of altruism? The word doesn't work like that.
Advance payments on contracts, deal sweetners, buyoffs, these things all need to be paid and they fall under the category of "bribes" which aren't acceptable for some reason. The government still needs to account for these outgoings, so they are categorised as the slightly more acceptable "foreign aid."
Without this foreign aid, we would lose out on all kinds of import and export deals, foreign job contracts, drilling rights and so on. We would lose more by stopping foreign aid than by continuing to give it - it's like an investment.
For a more entertaining explanation, see Series 3 Episode 4 of Yes, Minister - "The Moral Dimension"