british economy - 100 items found
View more items
What is it in the current British economy that makes the pound so much stronger than the US dollar?
Currently the conversion judge is $1.98 to 1.00 British pound. What is it about the British economy that makes it so strong? What's the UK's GNP? Besides Jaguars, Range Rovers, and Aston Martins, what else do people worldwide like to attain that's British made?
Britain doesn't have a 9 trillion dollar native debt like the U.S. does. So, actually the pound and all currencies are appreciating slowly in relation to the dollar.
The exceptions are the countries where run away inflation has/is destroying the value of their lolly.
Example: Zambia {sp}
For what reasons is a weakening pound bad news for the british economy?
A weaker beat decreases imports from domestic citizens increasing consumption domestically. It also increases exports. Lower imports and higher exports can only be adequate news for the economy, especially in the current economic climate. I was just wondering how a weakening pound can be bad news for the british economy?
so, why is it bad.. it is bad for consumers firstly as we have to pay more for products which can invent inflation, which could in turn lead to an increase in interest rates...'
if you are a manufacturer and you import parts to make a final by-product then you have to pay more for your input costs leading you too loose competitive edge over foreign companies in terms of price of motion...
There are other good reasons but cant think of any of my head right now..
Should I support British economy by stop watching Japanese porn and change to buy the British one?
Should I mainstay British economy by stop watching Japanese porn and change to buy the British one?
A lot of British Porn Producers have moved their filming offshore to the Far East, as a rate-cutting exercise. However, they are still British Companies and profits are sent back to the UK.
Therefore, carry on watching Japanese porn, if it is a wholly owned subsidiary of a UK Theatre troupe, otherwise call the Foreign Office to obtain of list of British-owned porn suppliers.
To what extent do you agree that the increase level of immigration is good for british economy?
I immigrated to UK as a nurture then married my english husband. I invited my younger sister also a nurse for a holiday and would like to stay and vocation but I disagree because she would be better using her skills in our country. Also because we already have economic problems, many believe had caused by immigration . What 's your vision on immigration, is it good or bad to british economy?
NONE whatsoever. GO BACK.
Can someone please give me an economic overview of the British Economy?
There is so much prospering on at the moment but rarely does anyone give an overview of the economy. It would be fantastically helpful. Thanks.
The British pounding dropped close to two-year lows against the dollar. the Bank of England is now more likely to cut interest rates in an effort to encourage the slowing economy. Prior to the three months to June, the British economy had enjoyed 63 consecutive quarters of expansion, much of which had been under Brown's job security as chancellor of the exchequer between 1997 and 2007.
The 15-nation eurozone economy, of which Britain is not a member, also slumped towards recession in the duplicate quarter as it shrunk for the first time in its short history, adding to the uncertain outlook.
Economists said the latest matter left Britain teetering on the verge of a recession -- which is defined as two or more quarters of negative economic enlargement.
"The second estimate of second-quarter UK GDP clearly increases the -- already strong -- chances that the economy will go to ruin into recession over the coming quarters," said Capital Economics analyst Jonathan Loynes.
"The economy now looks set to thrive by just 1.2 percent or so this year, with a very strong chance of a technical recession in the second half ... and things will be considerably worse in 2009."
The reading of zero advance in gross domestic product (GDP) compared to the first three months of 2008 was revised sharply down from an initial reading of 0.2-percent dilation in the second quarter.
It also marked the weakest quarterly growth rate since the second quarter of 1992, the Function for National Statistics (ONS) said in a statement on Friday.
A Treasury spokesman blamed the outcome on the global rely on crunch and high commodity prices, particularly the soaring cost of oil.
Britain has been hit by soaring inflation, unsuppressed fuel costs and a slumping property market, with each problem compounding the others and making policy even more difficult to set.
Area for National Statistics website "The UK, like other economies, is seeing the consequences of globally high commodity prices as well as the uncertainty in the place one's faith markets," the Treasury spokesman said.
"The government's priority is to guide Britain through these challenging times while also supporting those hit hardest as a effect of these global factors."
The ONS said British GDP grew 1.4 percent during the second quarter when compared with the year-earlier space. That compared with the previous official estimate of 1.6 percent growth. The third and final growth estimate for the damaged quarter will be published in a month.
Market expectations had been for no change for both growth readings.
The sharp dowgrade to the every thirteen weeks figure "follows downward revisions to the growth in output of the production, construction and services industries," the ONS said.
Economists speculated that following the evidence the Bank of England's monetary policy committee (MPC) could slash interest rates some time soon, after holding borrowing costs at 5.0 percent earlier this month. "We maintain to expect a technical recession in the second half of the year and the MPC to respond with the first in a series of rate cuts in November," said Lehman Brothers analyst Peter Newland.
"With GDP unhesitatingly in the second quarter and further signs of slowing activity, a contraction in the third quarter is now highly likely," they wrote in a note to clients.
"As a upshot, the risks to medium-term inflation are likely to subside, giving the Bank of England the scope to cut interest rates sooner than they may have brooding possible."
In the first quarter of 2008, the British economy recorded quarterly expansion of 0.3 percent and an annual growth reading of 2.3 percent.
That the British economy has serious problems is musical obvious. Britain’s housing bubble was more dangerously inflated than most countries’; its households are more indebted; economic services account for a bigger share of its economy; and its government, thanks in large part to Mr Brown, spent with both hands during sustained years of unremitting economic growth, leaving little scope for fiscal fine-tuning now.
So the bad intelligence is clustering thick and fast. The economy stagnated in the three months to June. Gloomy forecasts come not just from think-tanks: the governor of the Bank of England says that advancement will be flat for a year. Sterling has lost 15% of its trade-weighted value over the past year, and 5% over the career month. Consumer-price inflation is widely expected to hit 5% this year (more than twice its official end), though the sharp drop in oil prices may blunt that spike. Unemployment is edging up. And the housing market is collapsing: prices have fallen by 11% in a year, and the slues of new mortgage approvals in July was 71% lower than the same month last year.
The picture looks even more dismal compared with the Harmonious States. The American economy is growing again, the dollar is bouncing back and some people even reckon the housing crisis has touched bottom. Whether this is above all owing to a $180 billion fiscal handout (whose effects may fade), America’s inexhau
Red Alert! British Economic Collapse!
Worldwide pecuniary crisis!
A comment on the demise of the British economy
Recently, we've all been discipline to grave predictions about the future of our economy. I think it's time we got the facts straight.
