The sinking Pound and UK economy, part2 (02Mar10)

Part 2 of 2: With the UK Pound crashing against ever major currency out there as the markets worry over New Labour being re-elected, the New Labour MP in this clip says stop worrying about it, look at the long term trend instead of one day's of figures. Okay, the long term trend is also seeing the UK Pound tank in value. But don't worry, the UK Pound has somehow even managed to devalue against that other basket case currency the Zimbabwe Dollar, which Gordon Brown based the whole Ponzi UK economy on.

Recorded from The Daily Politics, 02 March 2010.

Category:

News & Politics

Tags:

• uk
• economy
• sinking
• devalue
• devaluation
• pound
• sterling
• new
• labour
• currency
• crisis
• zimbabwe
• dollar
• pinzi
• scheme
• savings
• investments

[tubenoobster]

Sterling lost 7% on Zimbabwean dollar . I loled at that one

[dontswin]

WTF your borrowing 1 in every 4? Bro that ain't shit here in the USA the feds are borrowing 2.25 for every 4. Welfare, social secuirty, debt repayments etc. HAHA

[eBsycouk]

I have just left the UK I found all this bullsh*t far to painful to stay there. I have taken my little business out of the UK they are ALL deceitful and untrustworthy who seek to gain power and notoriety  for themselves (tony blair) and not the people. It is time for a central admin to run the country as per the wishes of the population even as it is the only way to remove corruption. The government continually cock up and try to persuade us they made the right decision.

[andymholmes]

The biggest buyer in UK guilts is the Bank of England. Printing money is printing money wheather you call it something different or not.

[loveEUROPEhateEU]

Good! If it's true. However Peter M was in talks about joining the Euro, so we're being bugged to join this weak sterling.

[TheSnoody]

the UK can't join the Euro with a 12.6% gdp to debt ratio....The Eurozone "won't let them"

[jhunted7667]

you should never have given up your guns , I can see now that your Government has no fear from the people that's why they are collasping things more quickly in the UK

[Elysiumboy1]

I hope you all have your thinking caps on when the s*** hits the fan because the doughnuts here will not solve the problem full stop.

We need the brains all over our nation not just peanut politicians and fat cat executives who poo their pants at a hung parliament! That's because we are so tied internationally that we could end up like Iceland with billions of pounds lost of foreign investor's money, except these mugs still wouldn't flee!!! Take a look at Iceland now - they are owned.

[atwali]

@BloodguardGorak i volunteer to water em! ;D

[BloodguardGorak]

If these guys were any more stupid, they would have to be watered twice a week.