By 2015, our economy will be smaller than Canadas

Discussion in 'Finance, Property, Law' started by Semper_Flexibilis, Dec 6, 2009.

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  1. Huzzah for the end of Boom and Bust! :roll:



    "……The chancellor’s tough message comes as a new report predicts that Britain will slide alarmingly down the global league table in the coming years.

    The Centre for Economics and Business Research (CEBR) says Britain, which was the world’s fourth largest economy as recently as 2005, has slipped to seventh this year behind America, China, Japan, Germany, France and Italy.

    By 2015, it predicts, Britain will be outside the world’s top 10, behind Russia, Brazil, India and Canada. Slow growth and a weak pound will be responsible for the slide.

    “Public opinion in the UK has not yet caught up with the potential impact of this change,” said Doug McWilliams, chief executive of the CEBR.

    “It means that, whether we like it or not, we are going to have to be prepared to put up with economic, political and social decisions made in other countries.” Britain would find it hard to maintain a seat at top diplomatic tables.……"


    http://business.timesonline.co.uk/tol/business/economics/article6945979.ece
     
  2. OldSnowy

    OldSnowy LE Moderator Book Reviewer

    Perhaps, when the PM lied to Parliament at PMQs last week about Spain being in the G20, it was merely a slip of the tongue. Perhaps he was anticipating the time when Spain would be replacing the UK in the G20, as his years of disastrous mis-management took their toll?

    Seriously, how did it come to this? Easy answer I suppose - Gordon Brown, economic incompetent.
     
  3. 12 years of smoke and mirrors, and now Gordon the Economic Moron has run out of smoke.
     
  4. There's a lot of assumption there; anything could happen in the next five years - to us or any of the countries listed. Considering that we have far fewer natural resources than most of those countries and that our population is dwarfed by some of them, coming just outside the top 10 of 200-odd states isn't exactly rock bottom. Size of the economy isn't always a reliable indication of how well off individuals in a particular country are either - can't see many Aussies, Swiss, Norgies etc wishing they lived in India any time soon.
     

  5. Yes, we could end up outside the G20 too.

    The UK is bankrupt, not only is the cupboard bare, Gordon has broken it up for firewood and burned it too.
     
  6. Which is exactly why we need to be part of a united European State.
     
  7. I suppose that these predictions were made in the context of another prediction - that the Conservatives would run (more right ruin) British economy. Have they anything that remotely looks as a plan to boost the economy? Nope.

    As for highly esteemed mr.Brown then he is the most competents PM in economy for decades.

    Btw, I srongly doubt that Russia would be ahead of the UK (in economics)in 2015. With such a moron as mr.Putin at power it is impossible.
     

  8. :rofl:


    You're funny!
     

  9. You've clearly not got enough blood in your vodka stream to post something so stupid.
     
  10. G Brown made his name for "prudence" in the early part of his Chancellorship. Was that not the time when New Labour was actually following a manifesto pledge - to follow Conservative economic policy for the first (3?) years.

    Then it all went wrong.
     
  11. Nice one Gorden. Now we can demand a reshuffle on the Payments to Europe.
    Cleaver move, no screaming and shouting like that Maggei person.
    Just go begging to the Frog and Kraut lead kuntries and they will cut our Payments to below France & Italy.
    john
     
  12. Well, according to your little list there are three Euro-zone countries who have already overtaken us so it can't have done them much harm. :)
     
  13. FORMER_FYRDMAN

    FORMER_FYRDMAN LE Book Reviewer

    You should do PR for Rafa Benitez.

    Bottom line, we've slipped down the order under a Labour Government. Answer, get rid of Labour. Easy.
     

  14. The Usual Suspects® will be along shortly to blame Baroness Thatcher
     
  15. Wow. These guys look really good at forecasting. Did they, I wonder, forecast the one issue on which we really needed good economic forecasting.....the global recession and turmoil in the banking sector?

    They didn''t? Oh well, just another think tank to ignore.