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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: TobagoJack who wrote (47449)3/15/2009 5:08:12 PM
From: energyplay  Read Replies (1) of 217820
 
A slightly different interpetation of the UK moves -

Becuase the UK pound was high for a long time, very many UK residents have bought houses in ohter countries, mainly Spain, France, and Portugal.

Many have established business and lives outside the UK.

The numbers I have seen are like 10-15% of all households.

Now that the UK has bailed out Northern Rock, Lloyd's bank, etc. the UK will have a huge debt to pay off.

To pay this debt, the government will need to collect more taxes, and provide less service (expect more traffic congestion, and even more cuts in National Health Service, taxing of pensions, etc.)

The people have left the barn, and the UK is trying to avoid a massive exodus of money.

shelteroffshore.com
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