The Ernst & Young's Item club wants pound to be weakened. Why? if pound goes up it's beneficial for English people.
The Treasury and the Bank of England should start planning a large-scale currency intervention
It says, that Bank of England should interfere in the currency markets to sell the pounds and buy euro.
This tells that they are connecting a gap between these two. Why should England buy Euro? what if euro diminishes? They think euro is mounting, and this is the time to buy euro? This way to elude recession is the most stunned way ever. (this is my idea)
The article that i have read also states that housing market will follow the manufacturing sector into recession.
Manufacturing sector is already in recession, if the production is in recession it means there is less supply. So the prices for supply will increase, this may cause inflation. Uk is in a bad situation.
Many people in UK are Unemployed, this is the negative affect of recession. There are some positives affects too: Businessmans are making money, by increasing the prices of there product. Some people are just selfish, there is just one thing in their minds, which is MONEY, MONEY and MONEY!!!
They dont think of recession, about existence of other people.
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What is your remedy?
ReplyDeleteWhy?
How would this work?
Government should not buy euro, instead they need to spend more money, to restore previous UK. They can do it by building new buildinggs, for example: a place where students will study.
ReplyDeleteThis will decrease Unemployment a little. The manufactoring sector is in recession, but they can just employ more people so the supply will be more, and the need to keep all this work steady.