Britain's Trilion Pound horror story

[Safriz]

YouTube - Britain's Trillion Pound Horror Story 01

This is an eye opener video about one of the world's super power's current financial and economic situation..The program was aired on Channel 4 in UK and until now was available on Youtube,but presumably they had removed most of it on Copyright grounds..

It says the every person in UK is under 77000 pounds of debt at the time..
Where is the world's money is going? Is it going to China?
Not long ago,we never saw Chinese tourists in K..Now there are many tourists from china spending more than 100 pounds a day shopping on British high streets.

Is the tide turning and soon Europeans will be migrating to China due to poverty? What says you?

 

[desioptimist]

Not happening anytime soon.
Financial ups and downs are natural for any country, and now UK is facing it. But is is perfectly equipped to cope with it.

 

[P.kid]

All the ecnomies go through ups and downs. And trust me with the recent cuts we will be recovering from the debt alot faster. Even though I'm against the current coalition government and their cuts but I believe that they avoided the mistake that Labour was about to make of not reducing the spending in the first year of power.

 

[Safriz]

Unfortunately i was the oddball in asian community in Manchester who voted for David the Conoroon...I am regretting it now..They are doing it like crazy brats ..Too much,too quick..Its not gona help..beleive me.

 

[Ahmad]

Unfortunately i was the oddball in asian community in Manchester who voted for David the Conoroon...I am regretting it now..They are doing it like crazy brats ..Too much,too quick..Its not gona help..beleive me.

i didnt vote the tories, probably wont do in the future, but they had to do it, budget deficit is huge and need to be tackled, this cuts will most likely affect people like me who is public sector employee, but something needed to be done about it. the only thing they need to be carefull is the interest rate rise, if they do it too soon, that will put everything to sq1 and damage the fragile recovery.

 

[somebozo]

The so called European "economic" miracle is largely credited to incestuous banking institutions which while able to create wealth at rapid pace are unable to sustain the economic cycle. That is why "riba" is haram!

 

[dabong1]

i didnt vote the tories, probably wont do in the future, but they had to do it, budget deficit is huge and need to be tackled, this cuts will most likely affect people like me who is public sector employee, but something needed to be done about it. the only thing they need to be carefull is the interest rate rise, if they do it too soon, that will put everything to sq1 and damage the fragile recovery.

I agree that the deficit should be bought down but who should pay for it?.......the normal man on the street that had nothing to do with the collapse or the bankers who bought us to this postion.
The tories lie when they try to blame labour instead of the banks for the mess.
Its hard to belive that asians would vote tory.....how times change.

 

[logic]

The way money was being pumped by the bank to the public was beyond comprehension in the years preceding the Financial Crisis.

For example a person was able to secure a mortgage with 0% equity and just some fee's for the bank. This kind of debt party was unsustainable hence today UK faces lots of financial problems.

But be rest assured the sky will not fall.