The United Kingdom may be going bankrupt ?
The United Kingdom may be going bankrupt?
The British press is concerned about a scenario "in Icelandic" in the UK
The Financial Times reported Friday a record weekend entitled "The United Kingdom may be going bankrupt?" Monday, the Evening Standard headline "Iceland-on-Thames", referring to the collapse of the Icelandic economy, which was in late Protected content , the assistance of the International Monetary Fund. A scenario discussed Thursday by the Conservative leader David Cameron in the UK. "Ridiculous," replied Mr. Brown.
Here are some figures on the economy of the United Kingdom published Friday:
The British unemployment rose to two million people, according to official figures published Wednesday.
The number of unemployed increased by 131,000 to reach 1.92 million between September and November Protected content , the highest since September Protected content . They do not include job cuts since November, when the country has entered a deep recession, reported the British Broadcasting Corporation (BBC).
Nearly 225,000 people were made redundant during this period, the number of people claiming unemployment benefits rose by 77,900 to 1.16 million people, according to the Office for National Statistics.
The unemployment rate was 6.1% for three months from September to October, compared to 5.2% during the same period in Protected content . It is the unemployment rate the highest since the period from February to April Protected content , said the BBC.
Describing these figures as "very disappointing", the Minister for Employment, Tony McNulty, predicted that things worsen before it gets better. "
Estimates of the number of unemployed people has exceeded 2 million the last three months of Protected content , when the figures will be published in February.
Friday the publication of the British Office of Statistics (ONS) formalizes the country's entry into a recession, technically defined by two consecutive quarters of falling GDP. The figure of 1.5% reported for the fourth quarter is the peak of 0.2 to 0.3 percentage points that economists had feared. These figures represent the worst performance since Protected content
Graph of growth in the United Kingdom (quarterly% change)
The bankruptcy of the United Kingdom
Last week the Financial Times wrote: "Jim Rogers, chairman of Rogers Holdings and co-founder of the Quantum Fund with George Soros, said:" It's simple, the UK has nothing to sell "(It is simple, the United Kingdom Kingdom has nothing to sell), and Jim Rogers added: "The City of London is finished, the financial center of the world is moving east.".
The Paris may have a role to play?
In response to that article the Financial Times reported Friday a record weekend entitled "The United Kingdom may be going bankrupt?"
On 18 November Protected content World headline "syndrome Icelandic guette the UK" and recalled "The small island nation has collapsed as soon as foreign investors have found the Icelandic State unable to rescue its banks crushed denominated debts currencies, in a context of high trade deficit. where they are denied the help of foreign investors, they have imploded and the currency sank as a block of lead. "
You could read the same article: "George Osborne, spokesman for the opposition on financial matters was unwise to declare that the pound could" collapse "if Gordon Brown letting the national debt. It is regrettable that senior politicians publicly predicting the devaluation of their currency. Such statements can trigger panic, even if it must be acknowledged that the remark does not lack relevance. To put it bluntly, there is an air of resemblance between the UK and Iceland. "
Thursday, before the latest figures on the economy of the United Kingdom is published, the Evening Standard headline "Iceland-on-Thames", referring to the collapse of the Icelandic economy, which was in late Protected content assistance of the International Monetary Fund. A scenario Thursday also raised by the Conservative leader David Cameron in the UK. "Ridiculous," replied Mr. Brown.
Today, the predictions of last November to verify the facts and extent of financial assistance to deploy in the coming weeks to shore up the banking system is such that some British political think the IMF will intervene to help the country.
Wait and see ...