Tuesday, 4 May 2010

Britain: One with Nineveh and Tyre?

From the economic point of view, the 2010 British General Election due on May 6 is one that no sane person would want to win. By far the country's largest industry, financial services, is in deep trouble, facing concerted worldwide attack by enraged governments and citizenry. The budget deficit is at 12.8% of Gross Domestic Product, near Greek levels, while the decline of North Sea oil and gas has left the country in increasing dependency on the tender mercies of Gazprom. It is increasingly obvious that British living standards are going to decline substantially over the next decade. In short, the task ahead for whoever wins looks thankless. more...


Anonymous 4 May 2010 at 20:25  

Doesn't Gordon and his balls work for Gazprom?

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