MercoPress. South Atlantic News Agency
Pound falls as Fitch warns of UK's ‘formidable’ debt challenge
The pound fell in late morning deals after credit ratings agency Fitch warned the debt challenge facing the UK government was 'formidable', and that cuts would have to be deeper and quicker than former chancellor Alistair Darling had planned. Read full article
Comments
Disclaimer & comment rulesWell I said before the most pronounced words in UK for the next 10 years will be cut, cut, cutting, size down, downgrade, interest rate, debt and country risk.
Jun 08th, 2010 - 03:30 pm - Link - Report abuse 0Welcome to the club of the Banana Republics, free membership for 2 years including drinks in G20 meetings.
Here some sentence that you will have to hear in the coming years...
“Poor Britons once a wealthy nation some time ago and now seems Africa, what Wrong with these people?
“Fitch and S&P warned UK of the unsustainable level of public expending, it’s require more cuts Mr. Porusky Chief of analysis risk S&P for EU region says last night”
“The cuts were not enough and politician didn’t understand what the markets needs to get confidence in UK again, had warned Mr. Soros” Pound at risk.
“UK need deep reforms to get out of the catastrophic state of it’s economy” FMI warns.
“Good but not enough, the rise in tax in UK was a good intention but not enough to calm the market”.
“Default or not default? That is the question the lesson of Argentina 2001 crisis” Mr. Roubini from Global Economics analyzes in full depth.
UK and the lost decay a lesson to remember...
MR. Cameron is ready to hire Argentinean experts to pool out UK from the economy collapse.
Mr. NicoDin ready to help poor Britons with 10 magic measures, cut, cut, cut, cut, cut, cut and more cuts while you get slim and fit seems to be the base of his plan.
Ah! Seems that stupidity is all over the world and I thought that it was an Argentinean invention.
but at least we can console ourselves with the thought that the Argies will never have sovereignty over the Falklands natural resources
Jun 08th, 2010 - 06:26 pm - Link - Report abuse 0@stick up your junta
Jun 08th, 2010 - 07:25 pm - Link - Report abuse 0Of course that can help and also a good picture of the old British Empire together to a mini replica of a London Bus made in China surrendered by a portrait of Maggie T (Iron Lady).
But here some tips to face the coming days. Don’t thank me please I’m doing this because I’m so generous and good guy like you.
1- Are you struggling to buy your food, don’t worry think that you have started a long diet to get fit.
2- Have to sale your car, walking is a fantastic aerobic exercise to complement you diet and fitness program.
3- NO job, Who cares think you are on long vacations in an exotic place while you drink a margarita in your garden, fly and mosquito can help to give a desire realistic effect.
4- Would You like something more exciting? What about tourism adventure?
A trip to Brixton to take 10 Pounds from your bank account at night can give you the more adrenaline pumping you have ever experienced before in your entire life (Of course if you return alive).
5- Think how many people had working so hard for their entire life making a fortune to later spend all of it in a Caribbean beach naked, under a palm and to take hot nasty sun to get burn.
He! Mate you have archived almost these things without working hard, thanks to Mr. Tony Blair, Mr. Gordon Brown and now Mr. Cameron will turn any millionaire dream into reality.
Can you see now all things you can archive with a positive attitude. Is not amazing?
I really envy you, I cannot imagine how can I make reality the Briton dream for me.
I would have to live with that.
God blesses you to be so fortunate.
Cheers
Comment removed by the editor.
Jun 08th, 2010 - 08:01 pm - Link - Report abuse 0Argentines ( and + Jorge ) are well informed ...
Jun 08th, 2010 - 08:35 pm - Link - Report abuse 0Well Fitch has had no effect ofn£ - up again today! He is a bit premature - UK KNOWS it has to cut and cut hard and increase some taxes - and it will, as to be announced later this month. Suggest Fitch waits until he sees market reaction AFTER the budget and then would be the time to pass comment - at the moment he is stating the obvious - is he stupid as well?
Jun 09th, 2010 - 10:20 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!