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Britain is in the POO

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    Britain is in the POO

    Not much publicity about this but on Radio Four an economist was talking about the UK balance of payments. It shows a surplus every year but in fact it is not what is seems. Really the UK has been in trade deficit since 1997. The reason for showing a credit is that foreign companies are buying up UK assets while the UK is spending on foreign consumables. It is a bit like owing a house and not working but selling off you furniture, garden and garage to pay for your food and transport while saying how well off you are.
    "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

    #2
    Furniture? That's gone - we're selling the bricks!

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      #3
      Originally posted by Paddy
      It is a bit like owing a house and not working but selling off you furniture
      This would explain why MF's tat shop did not sell his overpriced furniture

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        #4
        Originally posted by Paddy
        Not much publicity about this but on Radio Four an economist was talking about the UK balance of payments. It shows a surplus every year but in fact it is not what is seems. Really the UK has been in trade deficit since 1997. The reason for showing a credit is that foreign companies are buying up UK assets while the UK is spending on foreign consumables. It is a bit like owing a house and not working but selling off you furniture, garden and garage to pay for your food and transport while saying how well off you are.
        This is no great surprise really. Inward investment in this country has been going down and last seen was somewhere slightly lower than the basement!

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          #5
          Shirley shome mishtake

          I have it on reliable authority that Gordon Brown is the best Chancellor this country has ever had, and the economy has done brilliantly under Labour.
          If anything is wrong it must be down to those evil Tories. I remember how bad things were when Marg........ (wanders away muttering)
          Boom boom boom boom
          A-haw haw haw haw
          Hmmm hmmm hmmm hmmm
          Hmmm hmmm hmmm hmmm

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            #6
            Stop buying German cars and Jap electronics

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              #7
              Ok.......

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                #8
                Originally posted by Bernard Common
                Stop buying German cars and Jap electronics
                So what good British cars are there? There is some good British hi-fi stuff but thats about it...
                Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

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                  #9
                  So what good British cars are there?
                  Mini, Rolls Royce.
                  Cats are evil.

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                    #10
                    Originally posted by darmstadt
                    So what good British cars are there?
                    Noble

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