The sinking Pound and UK economy, part1 (02Mar10)

Part 1 of 2: A look at how the thought of New Labour being re-elected, even if as a hung parliament has sent the UK Pound crashing. New Labour cry, "It's good for exports", but we don't export anything, and we have to import a lot of our food, oil, gas, and sometimes electricity too, as well as other raw materials - all this is now even more expensive.

Recorded from The Daily Politics, 02 March 2010.

Category:

News & Politics

Tags:

• uk
• economy
• sinking
• devalue
• devaluation
• pound
• sterling
• new
• labour
• currency
• crisis

[PHONEYPOLITICS]

oohhh I am so scared I better vote conservative.

[liarpoliticians]

Well you can see what is spooking the international markets, the thought of New Labour getting back in. So sure, vote New Labour, then see the IMF forced to be called in then SAVAGE FORCED cuts in public sector. The economy will be out of governments hands.

[chadberry75]

r there any skinny english ppl around???..

[geordieracer222]

@Mr2wings yeah we know, theres alot of you conspiracy theorists who do nothing but listen to nutters and regurgitate there theories of as your own. i bet you think that prince charles is the anti christ as well. if i was you i woild focus on my own countries problems rather than looking at the problems of others. most news reports are scare mongering if times are hard work through it, if times are good enjoy it

[HailToTheSkunk]

@dontswin typical American comment.. FUCK OFF (yes i said that with an high-falluten accent)

[pepsiwatersugar]

....please help stop the farm murders in south afrika....

[dontswin]

@ShShShShaun Put in something useful rather then attack!

[ShShShShaun]

@dontswin What a silly cunt.

[dontswin]

You know its funny ..you listen to this hi-falluten accent of the Brits and they don't know what the hell they are doing either in economics. They act all all uppity and stuff but yet they are clueless just as in the USA. Solution :just tax the common folks to hell..that will solve everything! ROFL Amazing, I thought there schools like OXFORD and stuff there? HaHa

[Mr2wings]

If the worst comes the queen can sell the jewels! England a puppet of the Rothchilds.

[Elysiumboy1]

In truth, neither will solve the monster that's to come. We have a huge deficit to deal with and cutting spending will not solve anything. There is also the AIG problem still to come. I guarantee British corporates are heavily tied into that monster.

The more dips there are, the more companies will crumble, turning to AIG to cash in on Credit Default Swaps etc. If and when that comes trillions of dollars worth of financial derivatives will monetise into systems all over the world. Oh dear!