Tuesday, January 13, 2009

UK trade deficit at 8.3 billion is worst EVER

Never since records began in 1697 have things been so bad. Even those of us who lived through the dreadful days of past Labour incompetent Premiers and their constant Balance of Payments and other economic crises can have seen nothing like this. The lies are familiar though, witness Alistair Darling on Sky last evening, links from this link, who again and again refused to accept any Government responsibility nor offer any apology for the Government's actions. The remorseless flow of foreign controlled data will eventually tell the truth, anybody else share a wry smile at official figures issued this morning which showed house prices as down 8.6 per cent last year! Wow really! British exports were not helped by the crippled pound the trade figures show: Total exports of goods fell by 6% in November, while imports fell by just 2%. The entire Government, Opposition and administrative machinery in the UK is dysfunctional and incompetent. NOT FIT FOR PURPOSE.

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