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 Post subject: Re: UK loses AAA Rating
PostPosted: Sat Feb 23, 2013 8:56 pm 
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Spoken like a true Tory, Sussex.
Important when you have it.......tell Scotland it will be an economic basket case without it......and now it doesn't matter when you've lost it. #-o

Mark my words, it'll matter when the country is paying more to service it's obscene debt level and I think I can guess whose going to be bearing the brunt of it.
It certainly won't be those who got a 5% cut in their top rate of tax.

Perhaps ATOS can redouble their efforts to cure more disabled than Billy Graham.

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sat Feb 23, 2013 9:54 pm 
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Sussex wrote:
wannabeeahack wrote:

devaluation next....

If it makes our exports cheaper, and keeps more holiday makers in this country, alongside making it better for foreign tourists, then bring it on.


wont bring the sun out though

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sat Feb 23, 2013 11:05 pm 
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wannabeeahack wrote:
Sussex wrote:
wannabeeahack wrote:

devaluation next....

If it makes our exports cheaper, and keeps more holiday makers in this country, alongside making it better for foreign tourists, then bring it on.


wont bring the sun out though


No, nor will it suddenly restore us to being a net exporter. 34 years of Tory and pseudo-Tory misrule have seen that possibility off.
We will still import most things and we will pay more for them.

Oil is priced in US dollars, in case anyone has forgotten.

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 4:56 am 
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And, of course, as I have to add to, it is not fair to compare England with Germany now anyway, for the latter has not lived of the Anglo-American asset bubble as much and it´s cab-drivers have not gotten as rich as UK ones before 2008. So, just one more time, my friends, hang in there with the yanks, in for a pound once, in for a penny now, haha.

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 5:16 am 
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Jochen Lembke wrote:
And, of course, as I have to add to, it is not fair to compare England with Germany now anyway, for the latter has not lived of the Anglo-American asset bubble as much and it´s cab-drivers have not gotten as rich as UK ones before 2008. So, just one more time, my friends, hang in there with the yanks, in for a pound once, in for a penny now, haha.


You're enjoying this far too much... :lol:

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 7:51 am 
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edders23 wrote:
A bit of perspective here half of Europe and the USA have already lost their AAA credit rating and these agencies didn't get their ratings right with the banks did they so not many people take them seriously now.

The real problem is the National debt and how are we going to balance the books our credit rating is a side show



France and the USA have lost their top notch rating, so what.The present bunch have given us neither austerity or growth.
All they seem to do is fudge.This budget will show what they are made of, if anything.
Be nice to see them do something positive like cutting Corporation tax and doing away with Capital Gains tax. They could also privatise the BBC for me.


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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 11:37 am 
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Nidge2 wrote:
Be nice to see them do something positive like cutting Corporation tax and doing away with Capital Gains tax.

You mean cut the taxes of the wealthy. :lol: :lol: :lol:

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 11:48 am 
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Nidge2 wrote:
edders23 wrote:
A bit of perspective here half of Europe and the USA have already lost their AAA credit rating and these agencies didn't get their ratings right with the banks did they so not many people take them seriously now.

The real problem is the National debt and how are we going to balance the books our credit rating is a side show



France and the USA have lost their top notch rating, so what.The present bunch have given us neither austerity or growth.
All they seem to do is fudge.This budget will show what they are made of, if anything.
Be nice to see them do something positive like cutting Corporation tax and doing away with Capital Gains tax. They could also privatise the BBC for me.


And you reasoning for such policies IS :?:

And weve had no austerity :!: really :?: :?:

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 12:40 pm 
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so then, who still has the AAA rating? cant be any country in Europe...

China?

Quote:
Germany and Canada are the only major economies to currently have a top AAA rating - as much of the world has been shaken by the financial crisis of 2008 and its subsequent debt crises.


Well Germany always did want to rule the world

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 12:50 pm 
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trotskys twin wrote:
Nidge2 wrote:
edders23 wrote:
A bit of perspective here half of Europe and the USA have already lost their AAA credit rating and these agencies didn't get their ratings right with the banks did they so not many people take them seriously now.

The real problem is the National debt and how are we going to balance the books our credit rating is a side show



France and the USA have lost their top notch rating, so what.The present bunch have given us neither austerity or growth.
All they seem to do is fudge.This budget will show what they are made of, if anything.
Be nice to see them do something positive like cutting Corporation tax and doing away with Capital Gains tax. They could also privatise the BBC for me.


And you reasoning for such policies IS :?:

And weve had no austerity :!: really :?: :?:



Dry your eyes Princess.


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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 12:51 pm 
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wannabeeahack wrote:
so then, who still has the AAA rating? cant be any country in Europe...

China?

Quote:
Germany and Canada are the only major economies to currently have a top AAA rating - as much of the world has been shaken by the financial crisis of 2008 and its subsequent debt crises.


Well Germany always did want to rule the world



Germany spent their way out of the recession didn't they? Look where they are now, growth, growth, growth.


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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 12:56 pm 
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grandad wrote:
Nidge2 wrote:
Be nice to see them do something positive like cutting Corporation tax and doing away with Capital Gains tax.

You mean cut the taxes of the wealthy. :lol: :lol: :lol:



You cant put a lid on spending by just simply spending less on everything, when your economy is designed around growth. It's like trying to drive your car further everyday but cutting back on the amount you spend on petrol.

It's not rocket science is it?


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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 4:08 pm 
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Nidge2 wrote:
wannabeeahack wrote:
so then, who still has the AAA rating? cant be any country in Europe...

China?

Quote:
Germany and Canada are the only major economies to currently have a top AAA rating - as much of the world has been shaken by the financial crisis of 2008 and its subsequent debt crises.


Well Germany always did want to rule the world



Germany spent their way out of the recession didn't they? Look where they are now, growth, growth, growth.


The Bundesbank is the EU bank int it? probably dipping into EU funds, not long back (since reunification) Germany was skint

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 4:17 pm 
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wannabeeahack wrote:
Well Germany always did want to rule the world
Vatch your tongue, ve haf vays if handeling zoze problems zat could be very unpleasant to you!
All ze English do is drink tea, go on fox hunting and let foreigners do ze work!

@gusmac: Well, my love towards the English is a bit like a gallant that has been hold off for to long, he´s getting a bit annoyed at times. So, basically the No of B&H HCO was just one No too much. :mrgreen:

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 Post subject: Re: UK loses AAA Rating
PostPosted: Sun Feb 24, 2013 4:19 pm 
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Well, about that wannabeahack, no one really knows about all those money flows anymore. The only thing that´s damn sure is some rich guy is always there to skim of the top.

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