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What can/can't the Mayor do for Accrington
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Re: What can/can't the Mayor do for Accrington
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What can/can't the Mayor do for Accrington
Accy - Britain is not bailing out any European country. Euro bailouts are for the European Central Bank to which we do not contribute. The Tory govt rejected the Euro and whatever your politics you must give them credit for that.
We don't have their currency so we don't have their problems. We are free to let our currency depreciate versus all others and that makes the UK competitive in Europe and the rest of the world so we have more tools with which we can recover. In the immediate aftermath of the banking crisis the pound was depreciated (by both statements and policy actions of the BoE) by about 30%. While it might not feel like it the country is in far better state because we can do that. The problem UK has is that London is the undisputed world centre of finance (particularly Foreign Exchange) and as a result we have something like 1000 banks operating from it. The banking system here is 6x the size of our entire economy so if it so much as sneezes we have a big problem. Nothing to do with people coming into the country and claiming benefits. That is trivial compared to broken banks. Consider this...... Total annual welfare bill (of all claimants real or bogus is £30bn per year). Fixing the 100% Scottish bank RBS cost English taxpayers £44bn and counting. Scottish bank, Scottish board, Scottish HQ, Scottish failure, English bailout (because the sum involved was same size as the entire annual Scottish budget). Bank of Scotland another £12bn. Not heard a word of thanks or apology from Alex Salmond. Ah but of course the two who made that decision, Gordon Brown and Alistair Darling are Scots...... |
Re: What can/can't the Mayor do for Accrington
i dont know where you get your information from GEaston but we have bailed out greece twice.Just because we dont have the euro it dosnt mean they wont take our money or that we ar eobliged to pay them our money .We are part of the EU and its problems regardless of our currency
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maybe the UK should stop paying tax and get a bail out if not two bail outs |
What can/can't the Mayor do for Accrington
Greece was a special case that was additionally bailed out by the IMF. We are part of the IMF as indeed are most other nations, so yes in that regard we have a minor exposure.
Ireland was a loan situation agreed on a bilateral basis between the UK govt and Ireland. The UK considered the actual collapse of Ireland to be too great a risk to our country so went and lent them some. What we lent to Ireland is a tiny fraction of ECB lending of which we take no part. In reality there's so much cross lending that its hard to know extent of it, but as I've said elsewhere I believe modern day finance to be something of a giant Ponzi scheme. |
Re: What can/can't the Mayor do for Accrington
one could argue we have no buisness lending money when we are borrowing it hand over fist and definatly not giving it away.Did tehse cretins not think to put a clause into any aggrements made saying that money would not be given if we wernt in a position to give money away ?
if a friend asks me to lend him a tenner i look at what money i have and how much i need to make sure my kids dont go without and my bills get paid etc if i can spare that tenner he or she will get it under a condition it is paid back before any more money is lent to him or her and has to be paid back on an agreed date if friend dosnt pay back or is constantly borrowing week to week friend gets cut off if i can figure out you make sure yur own dont go without before giving or lending money then i dont see why government cant ? |
Re: What can/can't the Mayor do for Accrington
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what has Europe got to do with the mayor of accrington?
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i think it jumped from mayor to councilors ,to MPs then to MPs that lie ,to graham jones to europe without reading all teh posts again thats about as close as i can explain it |
Re: What can/can't the Mayor do for Accrington
Perhaps our Mayor will ask Tesco to build a drive-through.
A mayor who drove through the doors of his local Tesco Express is blaming his car's brakes, his colleague has said. BBC News - Mayor Terry Buckle 'blames brakes' for Tesco car crash |
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