UK still in ‘austerity’ street

Ahead of UK losing its AAA credit rating, it will still continue with strict austerity measures to offset this waning sentiment.

“For we’ve had a stark reminder this weekend of the single most important truth about our economy — Britain has a debt problem, built up over many years, and we have got to deal with it.”

UK didn’t take the situation smartly when they were in good times before the big crash and following hazards in 2008. They chose to increase there deficit, by increasing spending, borrowing, and growing a lazy attitude when times were good. Because of that it’s now struggling to make means, and becoming more and more like Greece and Portugal who have said goodbye to their financial¬†dignities.


For one thing: UK citizens aren’t happy!

Right now, its all up to Germany and Switzerland, the two ongoing strongholds, to help keep Europe’s reputation in the eyes of sanity. Hopefully UK and other European countries ,like Spain and Greece, will follow in wake to make Europe shine again!


Business of the 2012 Olympics

With the 2012 London Olympics right around the corner, everyone around the globe is gawking in anticipation of what might possibly be the most awaited event of the year. London will be at the centre of the sporting universe on Friday. But as we might all suspect, the country has been wrestling with the tides to get this event underway. UK has an outlay of a staggering ¬£9.3bn est. Just want to point out: Bill Gates could provide the funding for the whole extravaganza right out of his pocket. Err… Sounds pretty daunting but the guy is filthy rich. Humor aside, could the income from the Games possibly make the weight of the cost unfelt?

Can’t Wait!

The Dept. of Trade and Industry [UKTI] Continue reading