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Mikey

Ireland

#1 Feb 22, 2013
The UK's AAA+ rating is downgraded by Moody's.

Both Standard and Poors and Fitch have the UK at negative outlook.

http://online.wsj.com/article/SB1000142412788...
Britain In Trouble

Toronto, Canada

#2 Feb 23, 2013
Britain needs another Thatcher, she had more balls than David Cameron
Revo

Leyton, UK

#3 Feb 23, 2013
Britain In Trouble wrote:
Britain needs another Thatcher, she had more balls than David Cameron
Yeah thats right, she decimated Britains industries in a bid to make us a service economy..........just remind me again, hows that worked out?
Theres thousands of people in the north of England planning street partys when that evil witch finaly croaks.........and i'm one of them !
Britain In Trouble

Toronto, Canada

#4 Feb 23, 2013
No actually the difference between Germany and the UK shows the difference between pragmatic German unions that work constructively with management for the benefit of everyone, and crazy British unions like the miners that would rather lob molotov cocktails and torch their own economy just so they can blame Thatcher. Your street parties are a little late, as they should have been held when you destroyed your own industries, which was your real accomplishment.
rio

Beckenham, UK

#5 Feb 23, 2013
Britain In Trouble wrote:
No actually the difference between Germany and the UK shows the difference between pragmatic German unions that work constructively with management for the benefit of everyone, and crazy British unions like the miners that would rather lob molotov cocktails and torch their own economy just so they can blame Thatcher. Your street parties are a little late, as they should have been held when you destroyed your own industries, which was your real accomplishment.
Actually, British unions haven't much power anymore and have been almost completely emasculated.
Only the Underground union, the Railway union and a few civil servants are interested in strikes and disruptions anymore.
The avereage British worker is quite realistic nowadays.
Dr David Hill

Cardiff, UK

#6 Feb 23, 2013
As our Foundation predicted in 2012, the UK’s would lose its triple ‘A’ credit rating – item 2 of our predictions for 2013 - http://www.thewif.org.uk/home.php... but where things as we also outlined are going to get far, far, worse.

Unfortunately things will get far worse I am afraid to say because of the UK's present economic thinking and where as detailed before also, Britain will never regain its triple ‘A’ rating in the future if it does not change its economic mindset and policies. The reason, the UK's politicians have not the right economic strategy to get the country on its economic feet. Unfortunately again that also goes for a Labour government who have no answers either. But there is just one thing that will over time get the UK back to a future that their young can have a meaningful and satisfying life. That is for the nation to build the £30 billion ORE-STEM complex that would be the catalyst for the UK’s dynamic future. Indeed if the current government built this science city instead of HS2 and where HS2 will have no lasting economic benefit once built, as the UK will still need thereafter the new industries for jobs and wealth creation, they would be doing something for the future with Britain's tax money.
In this respect, better to build something that has a lasting and effective mechanism for constant job and wealth creation than something that just links cities together that already exists. When will UK politicians therefore start using their brains and build an economic catalyst that would have no equal with the rest of the world and which would transform the UK’s economic fortunes over the next 30 years? But there again politicians are not that innovative and where bog standard answers like HS2 have no place in the world of the 21st century. What is needed is cutting edge thinking and the ORE-STEM complex is the ultimate answer to the UK's economic woes and where under the present thinking, Britain’s economic problems will simply not go away. The reason again, the economic non-innovative mindsets of present political thinking will dispatch the UK to an unrelenting downward spiral. For it certainly appears that UK politicians no matter what colour, have no long-term economic answers to transform their nation or indeed sustain it.

Dr David Hill
World Innovation Foundation
Revo

Leyton, UK

#8 Feb 23, 2013
Britain In Trouble wrote:
No actually the difference between Germany and the UK shows the difference between pragmatic German unions that work constructively with management for the benefit of everyone, and crazy British unions like the miners that would rather lob molotov cocktails and torch their own economy just so they can blame Thatcher. Your street parties are a little late, as they should have been held when you destroyed your own industries, which was your real accomplishment.
Really???????
So you have looked into all the facts, about what went on during the miners strike and the steel workers strikes, about how our own government imported Polish coal at a loss to make it appear that British coal was too costly to mine, thus giving them reasons to close so called unproductive mines?.........No i thought not !
It was the most short sighted decision ever taken by a government(and for a British government thats saying something)
It would be like selling North sea oil to america at cost for twenty five years..........Oh wait we did that too..........no it would be like closing all our steel plants that exelled in the making of stainless and composit alloys, or selling the plants off to Indian steel magnets so they could learn about the manufacturing processes, then close the plants and ship all the tooling to India..........Oh yes were doing that as i sit here.
oils running out and were sat on so much coal in this country..........short sighted?????????
I THINK SO !
rio

UK

#9 Feb 23, 2013
Revo wrote:
<quoted text>
Really???????
So you have looked into all the facts, about what went on during the miners strike and the steel workers strikes, about how our own government imported Polish coal at a loss to make it appear that British coal was too costly to mine, thus giving them reasons to close so called unproductive mines?.........No i thought not !
It was the most short sighted decision ever taken by a government(and for a British government thats saying something)
It would be like selling North sea oil to america at cost for twenty five years..........Oh wait we did that too..........no it would be like closing all our steel plants that exelled in the making of stainless and composit alloys, or selling the plants off to Indian steel magnets so they could learn about the manufacturing processes, then close the plants and ship all the tooling to India..........Oh yes were doing that as i sit here.
oils running out and were sat on so much coal in this country..........short sighted?????????
I THINK SO !
You sound just like the sort of guy who has been brainwashed by Arthur Scargill. You are just a sstupid as him.

British coal was to expensive because pits were unprofitable and miners wages too high compared to other countries. Britain can't compete in price with open coal mines.
Beside, coal is a fuel of the past with the polution concern.

British steel plants couldn't compete against imported steel either, and only survived with subsidies. Finally, Mittal took them off our hands, and even him cannot make a profit with stell made in Europe (Britain and France), and will close them down.

The steel manufacturing process is no secret for anyone who can use the internet. In Indian wouldn't need to spend billions of £pounds to learn about it! Dismantling steel plants to ship them to India would not be cost effective. This scheme exists only in your little pea brain.

You must be of these people who believe that money grows on trees, and that someone else will always come along to pick up the tabs.

The mine closure was the end of a chapter in our industrial history. Now is the age of high tec. Pity clowns like you are not geared to understand that.

Oh, and our share of the North Sea oil was never predicted to last more than 25 years anyway. If you want cheap petrol, move to Saudi Arabia... Ha, ha, ha ...
Claudia

London, UK

#10 Feb 23, 2013
Germany is also saddled with debt and will lose their credit rating too if more trading partners struggle. France has also been downgraded. But the credit rating of the UK is still excellent. AA1 is much better than the majority of countries in the World. These ratings are just a sign of the World climate.
Revo

Leyton, UK

#11 Feb 24, 2013
rio wrote:
<quoted text>
You sound just like the sort of guy who has been brainwashed by Arthur Scargill. You are just a sstupid as him.
British coal was to expensive because pits were unprofitable and miners wages too high compared to other countries. Britain can't compete in price with open coal mines.
Beside, coal is a fuel of the past with the polution concern.
British steel plants couldn't compete against imported steel either, and only survived with subsidies. Finally, Mittal took them off our hands, and even him cannot make a profit with stell made in Europe (Britain and France), and will close them down.
The steel manufacturing process is no secret for anyone who can use the internet. In Indian wouldn't need to spend billions of £pounds to learn about it! Dismantling steel plants to ship them to India would not be cost effective. This scheme exists only in your little pea brain.
You must be of these people who believe that money grows on trees, and that someone else will always come along to pick up the tabs.
The mine closure was the end of a chapter in our industrial history. Now is the age of high tec. Pity clowns like you are not geared to understand that.
Oh, and our share of the North Sea oil was never predicted to last more than 25 years anyway. If you want cheap petrol, move to Saudi Arabia... Ha, ha, ha ...
You are without doubt the most brain dead living person on here.If there was no money in steel,why did mittal sink his money into the plants you utter spastic!he sank his money into the plants to learn about the process's of our steel making expertise.
I know you like to research your so called facts from wikipedia, maybe mittal should employ you as his right hand man,you could have saved him billions
"Hey Rio,im thinking of buying some of the british steel plants to see how they make their aircraft spec alloys"

(RIO)"No need mittal, i will have a quick look on the internet

Ps,i hate Scargill as much as Thatcher !

“The Three Legged Man”

Since: Jul 11

Edgware, UK

#12 Feb 24, 2013
Interesting that Ronob supports Thatcher's dismantling of British industry on the grounds that it was subsidised.

I wish he'd be more consistent. Not long ago he was championing HS2, which at £40 billion and rising, makes the steel and coal industries look like prize assets.

Of course, they were prize assets, and they could be again. It's senseless to write off such industries at a time when nobody can predict which way certain global trends are going to go next.

By the way, Ronob. That prediction of 25 years worth of oil in the North Sea, is several decades out of date, and some sizeable new oil fields have been found only recently.
rio

Beckenham, UK

#13 Feb 24, 2013
Revo wrote:
<quoted text>
You are without doubt the most brain dead living person on here.If there was no money in steel,why did mittal sink his money into the plants you utter spastic!he sank his money into the plants to learn about the process's of our steel making expertise.
I know you like to research your so called facts from wikipedia, maybe mittal should employ you as his right hand man,you could have saved him billions
"Hey Rio,im thinking of buying some of the british steel plants to see how they make their aircraft spec alloys"
(RIO)"No need mittal, i will have a quick look on the internet
Ps,i hate Scargill as much as Thatcher !
Mittal ALREADY owned plenty of steel plants before he bought in UK. He had steel plants in India, where he started, in Ukraine, in Luxembourg, in France, etc...
Steel making is not rocket science, but it needs large investment to modernise plants, etc... There is nothing new to learn about steel, and if anyone wanted to match the best steel manufacturers, he wouldn't come to Britain, but to Sweden!
Mittal obviously made the mistake of overstretching himself at a time where Europe is in recession and mechanical industry in decline in France, Britain at least. So here is the need to scale down his empire, to be able to compete with China, USA, etc...

Steel plants don't make aircraft specs alloys; they make steel!
Aircraft alloy is aluminium based and has nothing to do with steel. Duhhhhhhhhhhhh...

But even aluminium alloy is less in demand in the aircraft indistry that increasingly uses carbon-fiber.

Yeah, you sound just like Scargill; he too saw a conspiracy against him behind every tree...
rio

Beckenham, UK

#14 Feb 24, 2013
Mr Tripod wrote:
Interesting that Ronob supports Thatcher's dismantling of British industry on the grounds that it was subsidised.
I wish he'd be more consistent. Not long ago he was championing HS2, which at £40 billion and rising, makes the steel and coal industries look like prize assets.
.
Yes, subsidising unprofitable industries is a very socialist concept, but a sure money losing policy. Nothing but grief will come out of that.

But, investinbg in new infrastrucure for the future as a way to inject money in the economy and provide jobs in time of recession is a reasonable way of kickstarting the country into recovery. Roosevelt did the same with the New Deal, when millions of workers were employed in the States, building dams, highways, canals, etc...

Not only that provides some jobs, but the tricking effect makes it that the people involved spend more, restarting consumtion, reviving retails, etc...

Once the projects are finished, they pay for themselves by the number of customers they attracts. HS2 could be a very profitable operation once completed, and the country would benefit from it too.

£ 40 billions invested to build a state of the art new rail line makes sense and is quite different to £40 billions paid in benefit for people to stay home in the meantime.

I suppose Mr Tripod thinks the Victorians were short sighted in building a railway system and digging so many canals as well. They should have invested the money in brewries instead.

“The Three Legged Man”

Since: Jul 11

Edgware, UK

#15 Feb 24, 2013
Where do I start about HS2?

The only reason it is being built is to line the pockets of a few people. It will never make that money back.

There's nothing wrong with the existing track network, and no reason why they can't be upgraded if needs be.

There is already a disused line, between Aylesbury and Birmingham that is straight and direct enough to Link that city with London just as well as the proposed new route. I don't see any need to build another one that will slice through the Chiltern Hills.

Then again, I'm not going to be profiting from the unnecessary and pointless destruction.

By the time it's all completed, rail travel probably won't be all that profitable anyway.

It's already heavily subsidised. If Ronob wanted to be consistent, he'd be arguing for its closure and the loss of thousands more jobs.
Go the way of Greece

Toronto, Canada

#16 Feb 24, 2013
The union comrades are still mad that Thatcher beat them like a dirty rug. If they had their way Britain would be like Greece right now. That is what socialism brings.
rio

Beckenham, UK

#17 Feb 24, 2013
Mr Tripod wrote:
Where do I start about HS2?
The only reason it is being built is to line the pockets of a few people. It will never make that money back.
There's nothing wrong with the existing track network, and no reason why they can't be upgraded if needs be.
There is already a disused line, between Aylesbury and Birmingham that is straight and direct enough to Link that city with London just as well as the proposed new route. I don't see any need to build another one that will slice through the Chiltern Hills.
Then again, I'm not going to be profiting from the unnecessary and pointless destruction.
By the time it's all completed, rail travel probably won't be all that profitable anyway.
It's already heavily subsidised. If Ronob wanted to be consistent, he'd be arguing for its closure and the loss of thousands more jobs.
Yeah, what is the point of building new rail lines that are faster, more modern, reducing pollution, etc...

The case for rail travel in Britain is almost guaranteed with the increasing cost of fuel, pollution, traffic, etc... It should be fast enough to compete against air transport domestic routes which don't make sense in a country like Britain.
Modern trains need modern lines, modern network and cannot be built on disused tracks.

The French have understood it with their TGV network, linling in a matter of hours the corners of their country.Not surprisingly, because we pander to the NIMBYs, the project could be derailled, and Britain, once again, will be left behind because of the selfishness of some indivuduals.

WE do enough bloody preservation in this country; it seems that's the only thing we do!!!

“The Three Legged Man”

Since: Jul 11

Edgware, UK

#18 Feb 24, 2013
rio wrote:
<quoted text>
Yeah, what is the point of building new rail lines that are faster, more modern, reducing pollution, etc...
The case for rail travel in Britain is almost guaranteed with the increasing cost of fuel, pollution, traffic, etc... It should be fast enough to compete against air transport domestic routes which don't make sense in a country like Britain.
Modern trains need modern lines, modern network and cannot be built on disused tracks.
The French have understood it with their TGV network, linling in a matter of hours the corners of their country.Not surprisingly, because we pander to the NIMBYs, the project could be derailled, and Britain, once again, will be left behind because of the selfishness of some indivuduals.
WE do enough bloody preservation in this country; it seems that's the only thing we do!!!
Can you read? The infrastructure is already there, ready to be upgraded at a fraction of the cost of HS2.

You're not saying anything that hasn't been debunked a thousand times.
Modern trains need modern lines, modern network and cannot be built on disused tracks.
Who says? The grand mufti of Birmingham, or one of your imaginary Sharia supporting friends at the Tory club that you've never set foot in?
rio

Beckenham, UK

#19 Feb 24, 2013
Mr Tripod wrote:
<quoted text>
Can you read? The infrastructure is already there, ready to be upgraded at a fraction of the cost of HS2.
You're not saying anything that hasn't been debunked a thousand times.
<quoted text>Who says? The grand mufti of Birmingham, or one of your imaginary Sharia supporting friends at the Tory club that you've never set foot in?
POintless talking to you anyway. Always so negative.

I hope HS2 will sell itself on merit and make the country more modern, in spite of the reluctance of the NIMBY faction.

“The Three Legged Man”

Since: Jul 11

Edgware, UK

#20 Feb 24, 2013
rio wrote:
<quoted text>
POintless talking to you anyway. Always so negative.
I hope HS2 will sell itself on merit and make the country more modern, in spite of the reluctance of the NIMBY faction.
Oh, so now you believe in merit? How inconvenient for you that in this case, there is no merit to be found.

You can call me a negative NIMBY until you're blue in the face. It won't answer the many solid good reasons as to why it's completely unnecessary and downright wrong.

I haven't heard one solid argument in favour of it, and remain convinced that it's just a facade for channelling billions of pounds of taxpayers money into the pockets of the rich, and probably the backpockets of politicians.
Revo

Leyton, UK

#21 Feb 24, 2013
rio wrote:
<quoted text>
...
Steel plants don't make aircraft specs alloys; they make steel!
Aircraft alloy is aluminium based and has nothing to do with steel. Duhhhhhhhhhhhh...
Can you name the plants makijng alloys in the uk.....would that be Tata steel by any chance....did they used to be called British steel?........sheeeeesh such a retard!

But even aluminium alloy is less in demand in the aircraft indistry that increasingly uses carbon-fiber.
.
That will be airbus, the ones that keep developing cracks in the wings ?

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