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(London Times) Fail If you had England as the next Western Democracy after Iceland to face bankruptcy, step forward and claim your prize   (business.timesonline.co.uk) divider line 40
More: Fail, Morgan Stanley, Iceland, England, government bonds, FTSE Group, Dubai World, George Osborne, Ronan Carr  
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40 Comments   (+0 »)


 
gopher321 [TotalFark] 2009-12-01 04:15:57 AM  
"Labour's disastrous economic policies meant Britain was one of the first into recession and now we are the last out."

Shocked I am. Shocked.

 
Last One Left [TotalFark] 2009-12-01 04:56:25 AM  
Government policy has nothing to do with common sense.

 
Relatively Obscure [TotalFark] 2009-12-01 04:58:10 AM  
Obaaaaaamaaaaaa!

/Wait, what?

 
Seth'n'Spectrum 2009-12-01 05:28:25 AM  
Screw you Times. A hung parliament is the only good scenario that could come out of the next election.

 
Bad_Seed 2009-12-01 05:55:15 AM  
In other news house prices are going up again!

Seth'n'Spectrum: Screw you Times. A hung parliament is the only good scenario that could come out of the next election.

Vote Tory or we're all going to die!

/am I doing it right, Rupert?

 
Seth'n'Spectrum 2009-12-01 06:10:59 AM  
Bad_Seed: Vote Tory or we're all going to die!

/am I doing it right, Rupert?


Well, that certainly seems to be the Times' line.

 
bobbette 2009-12-01 06:20:43 AM  
Right, and David Cameron is going to fix the decline of British industry somehow... with Euroscepticism! And more spending! But less spending! And less taxes! But more spending, because the New Tories are, adorably, almost-Labour! But with Euroscepticism!

Perhaps I'm not getting Cameron's charm (it's that he's totally posh and handsome, right?) but, aside from bashing Gordon Brown and Alistair Darling for every decision they've made, I've yet to see any consistency on finances and the economy from the Tories. I suppose an actual platform and clear principles awaits an election.

 
Bad_Seed 2009-12-01 06:29:27 AM  
bobbette: I've yet to see any consistency on finances and the economy from the Tories. I suppose an actual platform and clear principles awaits an election.

The Tory policy is implicit in this sentence:

the country could face losing its AAA debt rating as investors panicked over whether the majority party had the authority to push through the fiscal tightening needed to get the UK's finances back on track.

 
thisispete [TotalFark] 2009-12-01 06:39:44 AM  
Seth'n'Spectrum: Screw you Times. A hung parliament is the only good scenario that could come out of the next election.

Exactly. What's wrong with a coalition government? The electoral system here in New Zealand practically guarantees one every election.

From what I gather, the British electorate is too weary of the Conservatives and tired of Labour. So a Labour-Liberal Democrat government might be the way to go.

 
TheMissedCallofCthulhu 2009-12-01 06:43:49 AM  
Damn, I was really eyeing England as a possible location to flee to when the civil war 2 starts here in the states.

 
AuralArgument 2009-12-01 06:51:36 AM  
abolish the monarchy, arrest them for crimes against humanity (their ancestors, since they carry the line as natural leaders) seize all their property and sell it off.

 
mekkab 2009-12-01 07:02:17 AM  
bobbette: Perhaps I'm not getting Cameron's charm (it's that he's totally posh and handsome, right?)

I, for one, find his pudgy face to be dreamy. *SWOON*


TheMissedCallofCthulhu: Damn, I was really eyeing England as a possible location to flee to when the civil war 2 starts here in the states.

Don't forget about CANADIA (though most do). They still spell wourds with an extra 'u' and pronounce the letter 'z' as "zed" so it's just like ol' blighty!

 
Seth'n'Spectrum 2009-12-01 07:21:44 AM  
thisispete: From what I gather, the British electorate is too weary of the Conservatives and tired of Labour. So a Labour-Liberal Democrat government might be the way to go.

This is what I'm hoping for but it seems unlikely. It's the only result I would consider 'good' that could come out of this whole thing. Enduring problem: Who the fark is Nick Clegg?

 
TMBGfreak 2009-12-01 07:27:25 AM  
mekkab: Don't forget about CANADIA (though most do). They still spell wourds with an extra 'u' and pronounce the letter 'z' as "zed" so it's just like ol' blighty!

Yeah, but they don't have a funny accent when they do it so it's creepy and not adorable.

 
mikemoto [TotalFark] 2009-12-01 07:27:28 AM  
That's some fine governing there, Gordon Brown. If any UK farkers are still voting for Labour the next election, they ought to be carted off to the mental hospital.

 
Bad_Seed 2009-12-01 07:27:33 AM  
Seth'n'Spectrum: Enduring problem: Who the fark is Nick Clegg?

That's been an enduring problem for every Liberal leader since... well, since they ran out Lloyd George.

 
Nick Nostril 2009-12-01 08:04:26 AM  
gopher321: "Labour's disastrous economic policies meant Britain was one of the first into recession and now we are the last out."

Shocked I am. Shocked.


It's funny because nobody is out of recession. We're just getting started here.

 
AliasUndercover 2009-12-01 08:07:51 AM  
2

 
stpickrell 2009-12-01 08:07:58 AM  
Why wouldn't a Conservative-LibDem coalition be possible? Or a breakup of the Lib Dems into a left-liberal (that could more or less merge with the Greens) and right-liberal party? (The latter is done in the Netherlands with the D66 and VVD).

 
Bad_Seed 2009-12-01 08:25:22 AM  
stpickrell: Why wouldn't a Conservative-LibDem coalition be possible?

The whole idea of a coalition is purely theoretical, but diametrically opposed policies could a hindrance to Tory-Lib Dem deal.

Or a breakup of the Lib Dems into a left-liberal (that could more or less merge with the Greens) and right-liberal party? (The latter is done in the Netherlands with the D66 and VVD).

Why would the Lib Dems split their party and condemn themselves to ever greater irrelevance. They biggest problem isn't ideological disunity, but that they haven't manage to crack the problem of actually getting elected. The Netherlands has proportional representation and multi-party rainbow coalitions in ever government. The UK has an electoral system which brutally penalises small parties and it hasn't had a coalition since (AFAIK) Churchill's government during the war.

 
Glasgowsfinest [TotalFark] 2009-12-01 09:23:08 AM  
One of these days, a submitter will learn the difference between the UK and England.

mikemoto: That's some fine governing there, Gordon Brown. If any UK farkers are still voting for Labour the next election, they ought to be carted off to the mental hospital.

Not when you look at the alternative.

I personally think we should give the Liberals a chance, it can't get any worse than "New" Labour or the Conservatives.

 
Tjos Weel 2009-12-01 10:10:11 AM  
Have the British considered letting the Irish conquer them?

They seem to know how to run an economy.

 
Funk Brothers 2009-12-01 10:11:30 AM  
AuralArgument: abolish the monarchy, arrest them for crimes against humanity (their ancestors, since they carry the line as natural leaders) seize all their property and sell it off.

That's not the problem, Gordon Brown has become the James Callaghan of this Britain's generation. If the economic crisis gets worse for Britain, the crisis will be much worse than the strikes in 1979 and Brown with the Labour Party will be voted out as the majority party in Great Britain. Either the Conservatives or Liberal Democrats will gain power. More than likely, the Liberal Democrats and Britain will want an integration of Europe and not of America. Enjoy losing your pounds.

 
Tjos Weel 2009-12-01 10:13:37 AM  
I was really eyeing England as a possible location to flee to when the civil war 2 starts here in the states.

Really? England? For the longest time Switzerland was my backup country. Of course, I used to have the situation where a job in Switzerland was just a phone call away (I worked there in early 90s) but that opportunity has gone away. Between that and Switzerland joining the UN, I dont think I have a backup country anymore.

/eh, might still be Switzerland
//Would need to learn German. Or French. Or Italian. Or Romansh.

 
Burn_Atlanta 2009-12-01 10:26:30 AM  
AuralArgument: abolish the monarchy, arrest them for crimes against humanity (their ancestors, since they carry the line as natural leaders) seize all their property and sell it off.

Depending on how far back down the family tree you mean, they could be your ancestors, also.

 
mcreadyblue 2009-12-01 10:26:52 AM  
images.icnetwork.co.uk

 
MonkeyAngst 2009-12-01 11:01:53 AM  
No one's complaining about the headline's use of "England" to refer to the UK? Really?

Of course, we don't care about such things here in the nation of Texas...

 
TheSpaceAdmiral [TotalFark] 2009-12-01 11:53:25 AM  
MonkeyAngst: No one's complaining about the headline's use of "England" to refer to the UK? Really?

Of course, we don't care about such things here in the nation of Texas...


I think I'm more concerned about the headline's implication that losing their triple-A debt rating is the same thing as facing bankruptcy.

I mean, sure, it would be shocking if Britain went down to AA or whatever, but it's not like that would force them to immediately default.

 
D135 2009-12-01 01:00:21 PM  
should have kept up that rationing stuff.
now 1/5 of brits are coked out.
they brought this upon themselves

 
unlikely [TotalFark] 2009-12-01 01:11:04 PM  
They should deregulate more. And cut Taxes.

 
limeyfellow 2009-12-01 01:11:15 PM  
AuralArgument:
abolish the monarchy, arrest them for crimes against humanity (their ancestors, since they carry the line as natural leaders) seize all their property and sell it off.

We get the vast majority of their money already with the Crown estate rents going straight to the taxman in return for a small allowance. Add in the amount we take in on the tourism money, it be like shooting ourselves in the foot if you think about it money wise.

 
yakmans_dad 2009-12-01 02:12:46 PM  
unlikely: They should deregulate more. And cut Taxes.

Reaganomics. Experience can't kill it. You can only hope to contain it.

 
Evilmogwai 2009-12-01 03:29:30 PM  
bobbette: Right, and David Cameron is going to fix the decline of British industry somehow... with Euroscepticism! And more spending! But less spending! And less taxes! But more spending, because the New Tories are, adorably, almost-Labour! But with Euroscepticism!

Perhaps I'm not getting Cameron's charm (it's that he's totally posh and handsome, right?) but, aside from bashing Gordon Brown and Alistair Darling for every decision they've made, I've yet to see any consistency on finances and the economy from the Tories. I suppose an actual platform and clear principles awaits an election.


I agree with this and have been thinking that for a while. It doesn't matter which party they work for whatever any of them say just sounds like pissing in the wind.

 
TeddyRooseveltsMustache [TotalFark] 2009-12-01 04:29:22 PM  
I'll buy Buckingham Palace for 10 quid.

 
Toysoldier Crimson 2009-12-01 07:16:19 PM  
sounds like the start of R.O.D


sorry anime geek

 
aneki [TotalFark] 2009-12-01 08:49:09 PM  
TheMissedCallofCthulhu: Damn, I was really eyeing England as a possible location to flee to when the civil war 2 starts here in the states.

After the US economy collapses, I'm thinking Australia

 
rob.d 2009-12-01 09:45:20 PM  
Tjos Weel: Have the British considered letting the Irish conquer them?

They seem to know how to run an economy.


You must be joking.

 
I_Hate_Iowa 2009-12-02 12:25:21 AM  
...but not Scotland, Wales, or Northern Ireland? Phew, that was close.

 
Naked Hitler 2009-12-02 02:36:13 AM  
So either

A. England has left the UK

or

B. Subby haz teh tard

 
raerae1980 2009-12-02 12:58:12 PM  
Tjos Weel: I was really eyeing England as a possible location to flee to when the civil war 2 starts here in the states.

Really? England? For the longest time Switzerland was my backup country. Of course, I used to have the situation where a job in Switzerland was just a phone call away (I worked there in early 90s) but that opportunity has gone away. Between that and Switzerland joining the UN, I dont think I have a backup country anymore.

/eh, might still be Switzerland
//Would need to learn German. Or French. Or Italian. Or Romansh.


Mine's Italy. Been studying the language and history for years. I should be able to make it there. Now, I only need the funds to move my stuff there :(

 
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