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British economy continues to slide

British economy continues to slide

Old Dec 8th 2012, 4:28 am
  #91  
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Default Re: British economy continues to slide

Originally Posted by papilon View Post
So career in the CITY didn't work out for you, shame, explains the bitterness though
huh? i'm just stating facts. and i prefer wall street over canary wharf
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Old Dec 8th 2012, 5:14 am
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Default Re: British economy continues to slide

They are being squeezed by rent. Australia has some of the most expensive retail rents in the world. Westiefields could only get away with it for so long.

Originally Posted by commonwealth View Post
well the retailers are crying and dying, they are the victims of this saving thing.
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Old Dec 8th 2012, 5:38 am
  #93  
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Default Re: British economy continues to slide

Originally Posted by commonwealth View Post
canary wharf represents the financial services sector of britain. it pumps blood to the british economy. unless...
Didn't realise you were an anarchist ......Really Canary Wharf is an example of what is wrong in today......The Financial Sector took the country to the brink putting it in simplistic terms....and the cost will be felt for a long time...being paid for by folk with proper jobs but far less means.

Something Socialism never managed.......And nothing wrong with attempting at greater wealth distrubution while I'm at it. No reason on earth why such a small percentage should have close to the lot.

Worked in Canary Wharf in the early days. What a stirile area populated by numerous to.s pots.....London paid a grave price putting too many eggs in the financial services basket.....

Last edited by the troubadour; Dec 8th 2012 at 5:42 am.
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Old Dec 8th 2012, 12:39 pm
  #94  
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Default Re: British economy continues to slide

Originally Posted by the troubadour View Post
Didn't realise you were an anarchist ......Really Canary Wharf is an example of what is wrong in today......The Financial Sector took the country to the brink putting it in simplistic terms....and the cost will be felt for a long time...being paid for by folk with proper jobs but far less means.

Something Socialism never managed.......And nothing wrong with attempting at greater wealth distrubution while I'm at it. No reason on earth why such a small percentage should have close to the lot.

Worked in Canary Wharf in the early days. What a stirile area populated by numerous to.s pots.....London paid a grave price putting too many eggs in the financial services basket.....
i apologise for my stupid comment. i agree with the comment it's the vampire that sucked the blood of the british economy.
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Old Dec 8th 2012, 4:46 pm
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Default Re: British economy continues to slide

Originally Posted by the troubadour View Post

Worked in Canary Wharf in the early days. What a stirile area populated by numerous to.s pots.....London paid a grave price putting too many eggs in the financial services basket.....
Canary Wharf is still a dreadful sterile area. I can't wait to get back to the City it's far more fun working there.

London doesn't seem to be paying any price at all for the failings of the financial sector it all feels vibrant and there are plenty of jobs in my line of work. The rest of the UK however is not having such a fun time.
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Old Dec 9th 2012, 8:33 pm
  #96  
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Default Re: British economy continues to slide

Originally Posted by Bibbs View Post
It's what you get after uncontrolled overspending in the 'good times'.

Red tie or blue tie, it wouldn't matter who is in charge.

Took 10+ years to make this mess, so i can see it taking longer to fix it.
Wrong. The massive run up in private debt followed by private sector delevearaging is squeezing the life out of the UK economy. This is what is causing the public deficits.
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Old Dec 10th 2012, 12:04 am
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Default Re: British economy continues to slide

Originally Posted by Grayling View Post
I have cash and assets and loved ones there.....and they have never been better off......I will also be returning there when I retire because I will be far better off.
I don't mow the lawn....I employ a gardener
The best thing you can do is Piss of right now back to the UK if you think your going to be better of then your very narrow minded, remember the grass is not always greener on the other side.
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Old Dec 10th 2012, 12:25 am
  #98  
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Default Re: British economy continues to slide

Originally Posted by The_Pom_From_Aus View Post
The best thing you can do is Piss of right now back to the UK if you think your going to be better of then your very narrow minded, remember the grass is not always greener on the other side.
What has it got to do with you?

You sound very angry for someone living in such an economic powerhouse
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Old Dec 10th 2012, 6:52 am
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Default Re: British economy continues to slide

Originally Posted by isgraham View Post
Canary Wharf is still a dreadful sterile area. I can't wait to get back to the City it's far more fun working there.

London doesn't seem to be paying any price at all for the failings of the financial sector it all feels vibrant and there are plenty of jobs in my line of work. The rest of the UK however is not having such a fun time.
People seem to like to knock the City/Canary Wharf but for all that has happened it is still one of the the major driving forces of the economy, half of all jobs created in London in the last year are connected to the financial sector and London is still the envy of the financial world along with Wall Street. In the coming years London will have to fight hard to retain it's place, strong competition from Asian centres and the growing bitterness of France/Germany.
People wishing for the end of the City should be careful what they wish for.

Last edited by papilon; Dec 10th 2012 at 6:55 am.
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Old Dec 10th 2012, 6:56 am
  #100  
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Default Re: British economy continues to slide

Originally Posted by papilon View Post
People seem to like to knock the City/Canary Wharf but for all that has happened it is still one of the the major driving forces of the economy, half of all jobs created in London in the last year are connected to the financial sector and London is still the envy of the financial world along with Wall Street. In the coming years London with have to fight hard to retain it's place, strong competition from Asian centres and the growing bitterness of France/Germany.
People wishing for the end of the City should be careful what they wish for.
yeh, but all those jobs rely on fees, charges etc that they take out of other peoples pockets.

The City can't create money out of nothing, for every winner there's a loser. So they all get paid fortunes to shuffle other peoples money around.

yeh we'd be devastated without them
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Old Dec 10th 2012, 6:58 am
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Default Re: British economy continues to slide

Originally Posted by The_Pom_From_Aus View Post
The best thing you can do is Piss of right now back to the UK if you think your going to be better of then your very narrow minded, remember the grass is not always greener on the other side.
I'm pretty sure the grass IS greener in the Uk than here, not surprising with all the ******* rain
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Old Dec 10th 2012, 7:19 am
  #102  
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Default Re: British economy continues to slide

Originally Posted by bingobob777 View Post
yeh, but all those jobs rely on fees, charges etc that they take out of other peoples pockets.

The City can't create money out of nothing, for every winner there's a loser. So they all get paid fortunes to shuffle other peoples money around.

yeh we'd be devastated without them
Actually they can create 'money' out of nothing - that's part of the problem.

Real money however, nope. And when reality comes calling, that's when it goes bad, fast.
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Old Dec 10th 2012, 7:28 am
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Default Re: British economy continues to slide

Originally Posted by bingobob777 View Post
yeh, but all those jobs rely on fees, charges etc that they take out of other peoples pockets.

The City can't create money out of nothing, for every winner there's a loser. So they all get paid fortunes to shuffle other peoples money around.

yeh we'd be devastated without them
YAWN
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Old Dec 10th 2012, 7:33 am
  #104  
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Default Re: British economy continues to slide

Originally Posted by bingobob777 View Post
yeh, but all those jobs rely on fees, charges etc that they take out of other peoples pockets.
That is how all businesses work.
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Old Dec 10th 2012, 8:05 am
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Default Re: British economy continues to slide

Originally Posted by Bermudashorts View Post
That is how all businesses work.
Exactly, and a very substantial amount of those fees are derived from overseas.
The City controls 40% of all trades on the Euro, not bad for a country that is outside the eurozone and much to the dismay of the French.

As for the poster who claimed they all get paid fortunes you are so very wrong. Most are just normal hard working people doing there best to provide for themselves and there family. If one day they end up making good coin then bloody good luck to them.

Last edited by papilon; Dec 10th 2012 at 8:09 am.
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