lover
06-02-2008, 03:27 PM
It is really tragic for banks that their latest problems are more political than economic or financial. As long as official London follows the directions given by our overseas politicians, the crisis in our banking sector will become stronger! Such dangerous tendency in Brown’s policy even in comparison with Blair’s times has led to very great job losses in this country. See for yourself! According to estimates from London’s Center for Economics and Business Research the dismissals at London-based HBOS Plc, for instance, have come up to 9,160 jobs. It is 66 % of this bank’s workforce! Moreover, in 2008 and 2009 it is expected we will suffer 19,225 finance job reductions. That compares with 15,340 jobs from 2000 to 2002! One more reason of crisis in UK is, in my view, our refusal from entry into “Euro zone”, although such step of our present authorities will greatly help us to overcome most of our economic difficulties. But it is obvious that our US friends are not interested in it at all and they will certainly block any attempts of doing it during at least Brown’s activity!