Al's Insights – Wed 25 Apr, 2012
Great and informative missive from Mr. Irish re: UK recession.
You have many astute comments. All are valuable!
Mr. Irish says,
On April 25, 2012 at 12:49 pm,
Irishtony says: (Edit)
“HI AL. Where would you like me to start . Lets start with the cause…THE BANKS. Yes they gambled billions of our money , & lost & we the people , have been forced to bail them out Why ? because our corrupt government has said so . So whats our payment for bailing them out. ZERO INTEREST RATES ON OUR SAVINGS (while the banks lend our money back to us at high interest rates ) AUSTERITY & INFLATION. Small business which is the backbone of any economy are going bust because they cant get loans to expand , & they are been bogged down by regulations imposed on them by the E.U. in Brussels. FUEL costs for business here in the UK are between 25% & 50% higher than they are in Europe….Petrol here is unleaded=£1:42 per litre…DIESEL = £1:48 per litre dearer than it is in europe…about 68% of the cost is tax. The country is a basket case & is only going to get worse as long as the government puts the interests of the Banks & Big business BEFORE THE WELFARE OF ITS PEOPLE