Pennieless Portugal gets out the begging bowl

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Just heard on BBC radio that Portugal going to the EU for financial aid.

Greece, Ireland & now Portugal. Now am worried that the Uk with be next.

http://www.bbc.co.uk/news/business-12993318

Plus its the start of the UK's tax year today about 40 economic changes come into effect.
What do you think of the polices & steps our Con Lib government had done so far & plan on doing.
Do you think that this is eughty to keep UK the above troubled waters?
or do we need to change economic survival strategy?

The UK won't be next. Spain will probably be next. And then the EU central bank will really be in the s**t. There's only so much money to go around, after all. You can't keep plundering a well forever - it's not a bottomless pit.

House of cards.

IMF & the world bank.

In 1973 the Heath government went cap in hand to the IMF after the stock market crashed
Well the good thing that came from that was in the next election Wilson was voted back into power.

The UK won't be next. For one, it isn't a eurozone country, but has its own currency. Unlike Portugal or Ireland, the Bank of England is free to set the best rate for the UK. For another, the UK is doing the right thing fiscally. As unpopular as it is, austerity will help rebalance the UK's books.

I just hope this is a wakeup call for my country, which is spending like a drunken sailor. Alas, Congress has cotton in their ears, and their skulls are as thick as two-by-fours.

The Bank of England's Monetary Policy Committee is alot like your Congress,
the both of them have problems making decisions.

At the mo Mervyn King could be basing inflation on the success of Aston Villa F.C
I never trust the Torys with fiscal policy, theres austerity & there an axe swing crazy Anglo-Irish aristocracy in charge of the Treasury. The Torys are hatchet merchants there cut & cut into Therese eughting left to cut.

Why not rebalance the books with the burden falling hardest upon the people who caused the housing bubble? Rather than the poorest in society.

Here Here 100% agree my good sir

Tho remember who dealing with here the Tory's there banker (replace b with w) lovers, hell no there not s**t on there friends of the old school tie network whichever way then know them by, public school, Oxbridge College &/or Masonic Lodge. If they did thaen they'll lose a lot of party funding.

I'm worried about losing my disability benefits. I'm not sure how i'd survive in the real world considering:

a) I've spent most of my adult life by myself and have no experience of being around other people day to day

b) Left school before having the chance to gain any qualifications

c) Have never worked before

If i do get wrongly assessed as being fit for work i'll probably just get put on Jobseekers for the next ten years or something. That means i'll get less money and have to go and see some lecturing authoritarian once a week or however often it is. According to the charity Mind 50% of the people who are going through this have felt suicidal. Politcians and the rest of society dont care. I dont even think we could be called a society anymore. Just a collection of atomised individuals.

Im in the same boat too mate, I get IB & housing tho I got the fun of moving due to housing probs. am very greatful for my key worker as I talk to her to about this & she going get the help when I need to face it.

so talk to someone your trust about for help plus get advice from the CAB or another welfeir advice center as they know the system & with on fight your side

The BOE may be exacerbating inflation, but I feel they have so few options at this point. They are trying to reboot a sluggish economy, and have resorted to unconventional methods (like QE) that could theoretically cause inflation. QE and low interest rates may grow the economy, or it may not. Either way, high interest rates and no QE would hurt business growth and keep the UK in a recession.
Personally, I would cut your top tax bracket from 50% to around 30% to encourage domestic wealth creation. It seems like most of the wealthy people in Britain make their money elsewhere.

Well the MPC are having a meeting today its been noted that a few of it members have had disagreements, one been qutoed in the press of thinking of quitting the committee. Just hear on the BBC that the Frankfurt based Euro Bank rised the Eurozone's rate.QE is a joke, Vince Cable best sums up of view of QE is "the Robert Mugabe school of economics". Anyhow our corporations & wealthy are well versed in the arts of tax avoidance.

Probably a good thing, the UK didnt join the euro then

yes it is tho we still do have to chip into the Euro Bank's bale out funds. So when the eurozone is in mess we still got to help out with cleaning it up

Austerity never works. The UK is doing the wrong thing. The debt to GDP ratio will be worse as a result of austerity, you can take that to the bank.

Giving the rich a giant tax break during an austerity drive would be rightly seen as an act of aggression against the people of the UK, so at least they are not so stupid as to do this.

The rise of psychopathic ideologies like Ayn Rand's that influenced the Church of Satan.

That the guilty parties own the political system and the media and are insulated from the consequences of their crimes.

The first reason, the evil ideologies, are promoted by media to make people believe that Justice is being done.

Yes it is, we remember what the Tory's did to the country in 80s & never forget it. So we have a low torrance to the Tory crap.
I hope that George Osborne becomes the scapgoat in this as he is imho a f*****g liability, Vince Cable would made a better Chancellor as long as he gets rid the Tory idealogical crap that he been thinking of late.

Today at the Royal College of Nursing conference, best sums up the public mood of the ConDem'ed government.
http://www.bbc.co.uk/news/health-13063285