If I may point to the elephant in the room: https://www.crystolenergy.com/assessing-future-north-sea-oil... The UK used to be Nigeria, now it's Mali.
I don't understand.
The gathering crisis in the UK
171–180 of 183 posts
Re: The gathering crisis in the UK
#172Wow, what an optimistic view of things. From my view, the UK is about to take a 50% drop in their standard of living, if they manage things well, they might recover it all within a decade. This is if they make a trade deal with the US.
If they fail this, and are left in the breeze, they'll eventually have to beg for a seat at the French lead EU (if the EU survives), and things won't be as nice.
The world is deglobalizing, because the US won the cold war, and it's no longer in our interest to keep subsidizing the rest of the world's free trade. If you're not in our trade group, things are going to be about as rough as they were for your nation prior to WWII.
Re: The gathering crisis in the UK
#173Earlier quoted context omitted.
Funny, from the outside, UK always sounds as if it is overrun by leftist politics. I wouldn‘t have guessed tories were in charge most of the time. London has a Labor major and it is the economic Center, so maybe there was a lot of Labor influence on the economy after all?
UK doesn't have much in the way of Left wing politics.
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Re: The gathering crisis in the UK
#174Earlier quoted context omitted.
Funny, from the outside, UK always sounds as if it is overrun by leftist politics. I wouldn‘t have guessed tories were in charge most of the time. London has a Labor major and it is the economic Center, so maybe there was a lot of Labor influence on the economy after all?
Maybe if you know nothing of Margaret Thatcher...
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Re: The gathering crisis in the UK
#175"Brexit has delivered some deregulation, though: notably, the Conservative government ditched EU standards on effluent discharges, resulting in the (private) water companies discharging raw sewage into almost every river, and the seas around the UK coastline. So it is no longer safe to swim in UK waters." Holy crap! "the Bank of England are forecasting 13% inflation towards the end of the year." And we thought things…
That cannot possibly be the only thing it delivered. The likes of Farage have been working on this thing for decades. They must be getting a lot more it of it
There's plenty but obviously someone who sums up leaving the EU as literally sewage isn't going to give you a straight story on anything. This piece is basically just yet more anti UK propaganda from the Remainer set who never accepted that they lost for good reasons and will continue telling everyone how horrible the UK is until they die. It's a genre, ignore it.
Re: The gathering crisis in the UK
#176"Brexit has delivered some deregulation, though: notably, the Conservative government ditched EU standards on effluent discharges, resulting in the (private) water companies discharging raw sewage into almost every river, and the seas around the UK coastline. So it is no longer safe to swim in UK waters." Holy crap! "the Bank of England are forecasting 13% inflation towards the end of the year." And we thought things…
> And we thought things were bad in the US. That inflation is mostly driven by energy costs, which are a direct result of European policy failures on nuclear and fossil fuels. The US is mostly a net neutral producer/consumer of fossil fuels and energy, which is why it's insulated from the impacts of Russia cutting off gas.
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Re: The gathering crisis in the UK
#177I think Brexit has allowed a sort of nihilism to creep into U.K. politics. If you can live with a policy that has such a demonstrable adverse effect on the economy and so many other things then why worry about the impact of other policies. The standard approach for the government now seems to be to look for short term wins in the tabloids and ignore the long term. And this is on top of the huge distraction that Brexi…
Brexit caused an odd selection effect in the Tory party where sensible responsible politicians such as Ken Clarke and maybe Theresa May were pushed out for pointing out the problems with Brexit and replaced but more the irresponsible fibbing variety who were prepared to deny reality and say everything with hard brexit will be great such as Boris and his fellows. Not sure where this all goes next. Maybe to Starmer who at least is responsible but will have quite the mess to deal with.
Re: The gathering crisis in the UK
#178Earlier quoted context omitted.
This might sound like cheap shots, but I say it with love for my friends in the Uk... If you look at Britain historically...coal is dead. Wool is dead. The island itself is fairly small for much agriculture. There aren't a whole lot of natural resources. They had power and resources through their empire, but that is gone. Their one shot, so to speak, was like many developed nations - services, including financial. Bu…
Sounds like the country is regressing to the mean then. Thanks to the empire they are used to being on top of the world, but all their advantages are gone now except for the tax havens and an old cultural narrative that the British are inherently better than everybody else.
We have odd strengths in spite of being kind of crap at most things. Books for example.
>According to a new report from the International Publishers Association (IPA), UK publishers released 184,000 new and revised titles in 2013. This equates to 2,875 titles per million inhabitants, and places the UK an astonishing 1,000-plus titles ahead of second-placed Taiwan and Slovenia (1,831). Australia is considerably lower, at 1,176, while the US published just 959 titles per million inhabitants.
Also music, universities, financial services, tea rooms etc.
Re: The gathering crisis in the UK
#179Earlier quoted context omitted.
There's an alternate history in which it was David Miliband who became Labour leader, not his brother. Who knows of course, but there's a decent chance it would have prevented the disaster of Brexit (and the related disaster, for Labour and the country, of Corbyn).
He's just another diet Tory like Starmer though.
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Re: The gathering crisis in the UK
#180Earlier quoted context omitted.
From an energy security standpoint being net neutral or better is good but is the US insulated from fossil fuel prices? From a market perspective I would have thought a decrease in supply (say sanctions on Russian oil) would up the price of oil. This would effect domestic oil prices as well since either the domestic producers also participate globally or other sources of oil available domestically are also available…
> From an energy security standpoint being net neutral or better is good but is the US insulated from fossil fuel prices? The US as an economy is mostly not effected by fuel prices anymore. But the average US consumer is - that's probably the important part.
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