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!
Richard Branson was a talented individual from his childhood. People looked at him as a role model and looked up to his huge success in business and life. Virgin Group was his creation and it is one of the most well known companies today. Many people would think that Richard was a scholar in school, but he wasn’t. Ironically, Richard was terrible at school and this was partly because of his dyslexic condition. Richard didn’t like school, but what he did like was business. Continue reading →
The UK is heading into greater state of frustration, as economic woes continue to mount. Children are being stripped away of important necessities which can severely effect their growth and development. The badgering rates of unemployment and rising living costs are causing poverty to break out and effect not only the elderly, but also the young ones. Get a closer look into the realms of the unemployed, and see what they really have to say:
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?