LinkBack URL
About LinkBacksRead more.Political uncertainty has caused a sell-off of the pound, which will mean your kit gets more expensive.
Read more.Political uncertainty has caused a sell-off of the pound, which will mean your kit gets more expensive.
Are you kidding, at the level of economic policy incompetence to date, a hung parliament is the best possible result. Where do these idiotic speculators get their information from?
The only thing which has shocked me is just how many votes Labour still got.
Originally Posted by Agent
Not convinced it's political uncertainly that's caused the run. More like it's the panic on the markets over the weakness of the eurozone. There's trouble all over the financial world right now.
I'm inclined to agree with that assertion. People are slowly waking up to the fact that the economic mess never really levelled out to begin with.
http://www.google.com/finance?q=GBPUSD
Its based on fear over our debts, the idea a hung parliament might not be able to make the required cuts due to all the pork barrelling they have to do, as they have more vested interests to please.
We could well be in trouble, but at least we've got our gold to fall back on... oh wait a second.
throw new ArgumentException (String, String, Exception)
I'd say some of this could be due to the fat finger indicent yesterday. But a lot of it is just fear of the UK. Brings a new meaning to Brownian Motion
throw new ArgumentException (String, String, Exception)
Compared to one party having an unchecked monopoly on all the power? That's rather silly thinking.
No its not.
If all political parties have different masters to appease, they will have to do more pork barrelling etc.
When you look historically hung parliaments haven't faired well at doing anything that needs to be done in the UK.
throw new ArgumentException (String, String, Exception)
/\ what he says.
having one lot of nutter in charge means at least you have one lot of nutty ideas.
a hung parliament could mean that n decisions on anything ever get made....
but Cons and Lib is a better choice than Lab and Lib, cos they'd never ever agree....
with two potential chancellors..and Gordon being the old one and joint leader.. Vince could never look Briown in the face without screaming with helpless laughter
Yes, they bicker.. That's what politicians do. But a hung parliament also serves as a check and balance, so no one party can do anything untoward against the population, and it makes lobbying much less successful, You only have to look at the last 5 years to see why an unhung parliament is a recipe for disaster.
Normally I'd agree with you, but the trouble is the Govt is now required to act decisively.
Some of those actions will be against the wishes of certain segments of the country in order to sort out the debt. Raise taxes, cutting jobs etc.
With more interested parties to please there can be less decisive action.
Society's to blame,
Or possibly Atari.
The only hung parliament that would be good for the people would be the imcumbent lot dangling from Tower Bridge...
aidanjt (07-05-2010)
Maggie would have never been able to do so much good in a hung parliment.
Too many people are solely self interested and short sighted to take their medicine, they will put it off for as long as possible. Un popular tax rises are hard to do in a hung.
These all spook the markets, think that they are wrong, buy some £...
throw new ArgumentException (String, String, Exception)
Or so much harm.
Hard, but not impossible, and not even necessarily at a slow pace either. I think we'll be surprised with the turn-around parliament can get the national debt dealt with, now that the election is out of the way, incumbent Brown and his incompetent buffoon brigade are out, and the tories have established 3d party support.
If I had a load of £, it would probably already be in £.
In any event, I guess we'll have to wait and see over the coming weeks.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote
