tag:blogger.com,1999:blog-2992740250270600844.post3165424169310521808..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: UK Economy Is Showing CracksBruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2992740250270600844.post-42371094439991931272015-01-11T20:57:59.145-08:002015-01-11T20:57:59.145-08:00Another thing .... One of the most curious of our ...Another thing .... One of the most curious of our "exports" at the minute is the construction of flats for sale to foreigners who want to bring their capital to the UK or what ever reason. They range from the infamous One Hyde Park Corner http://www.vanityfair.com/society/2013/04/mysterious-residents-one-hyde-park-london<br />to really grotty stuff for the less well heeled `Far Eastern investor. I hope they realise they are buying into what could become Europe's answer to Buenos Aires.What me worry?https://www.blogger.com/profile/13258149404528811233noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-67544496527850975622015-01-11T20:47:19.548-08:002015-01-11T20:47:19.548-08:00Although PPI now seems to have run its course, sti...Although PPI now seems to have run its course, stimulus by other means continues in the absence of QE. The banks are now paying out on some piece of crap that they sold their customers called "identity theft" insurance. I managed to retrieve £450 back for my wife. As in America student loans are an increasingly popular method of bringing money into the economy. For the poor student though once you have taken their money its virtually impossible to avoid having to pay it back. On top of this, the FT has pointed out ,that upon graduation, they only have a 50% chance of landing a job appropriate to their level of education and the salary often does not seem to justify the outlay in obtaining it. You could also mention a few "off balance sheet" items too. I think at the moment the civil service pension, and for what passes as social security here (the latter being the biggest item of state expenditure) liabilities run in excess of 300% of GDP. Its not a question of "if" but "when" the UK defaults on its debts. It will be interesting to see who goes first us or the Japs.What me worry?https://www.blogger.com/profile/13258149404528811233noreply@blogger.com