OutlukBabe:

The government is setting aside fund for Boeing to design new generation air craft so that it will remain the global leader. Airbus and the Canadian company are taking the market away from boeing. The government is also setting aside to help Babcock & Wilcox the energy OEM company to fund research into new generation clean coal technology. So are the steal industries. Basically all the major economic engine power house in the US are going to get something from the stimulus package. Take a look at the oil&gas industries, despite the fact that US import oil, US oil companies like Exxon mobil make huge profit and they control the techology in the oil&gas sector. The profit made by Exxon this year is more than the income of Nigerian government. So US is economy is very strong, it just need readjustments.

OutlukBabe:

But the UK government doesnt have the money and the technological know how to back up its industries. Infact there are no industries to back up. Everything in UK is own by foreign companies, managed by foreigners.

redsun:

http://www.catalyst-commercial.co.uk/blog/latest-news/french-government-control-britain-nuclear-industry/

Even the uk north sea oil reserve is owned privately,through lobbying and organized corruption,the government hands out the people resources to fat cats who in turn mercilessly exploits the people.

redsun:

Probably a classified news,look for it u will find it like i did.

Resources like oil,especially in  the sea suppose to be a national cake and it should be handled by the government for maximum people's benefits,[/b]not shylock tycoons who gives no shit about the people,always out for maximum profits just because of their political and money connections.Imagine how domestic gas and electricity prices keep rising even when crude is falling

Making billions while the people are paying through their noses.

OutlukBabe:

The UK economy is a financial economy. Manufacturing sector in UK have collapse. Companies have closed most industries and moved to either China or India. Everything in UK is own by foreing companies. BP is the only major UK company. If u look at all the products in UK, they are all imported either from China, Taiwan or South Korea. Infact in UK even the energy companies are own by foreing companies. RWE npower, Eon, Scottish Power are own by German companies. The nuclear industry was also recently sold to EDF. The price of basic commodities is sky-rocketting because the pound is have lost its value. Now Euro bys more than a pound. So every single commodity imported into UK through any European company is more expensive. Most commercial shipping lines are own by European companies. UK economy is just the glory of old horse. The only thing that will salvage UK economy is for the American economy to recover very fast.

this Guy:

The UK is a financial and service economy not 'heavy', manufacturers have outsourced or moved their industries to the far east or eastern europe because of tax, raw materials and low wages and it make sense doesnt it? I very sure you wont accept a job for 0.60p-£3/hr!!! Other countries will be dying to foreign businesses pay their citizens that much (cloth makers for primark, oasis, mk one and co!), second most of the resources are based outside the UK so why not cut the the cost of dong business and making everything in other region

the fact that most businesses in the UK are owned by foreigner shows that the UK has very conducive environment for business, the companies are profitable and generally well managed plus the UK govt are on top of things when it comes to monitoring and punishing those that don't play by the rules- its globalisation in its 'purest' form 

B.O.S.S.:

I work in the aircraft/steel industry so you can't tell me nothing. The steel industry is of course slowing down because it's part of the whole gradual process of getting out of the manufacturing sector and focussing more into services. My colleague works with the nuclear and I visited them a couple of weeks back in Devon. D[b]oes Sellafield ring a bell to you and who owns that? Does ABB rings a bell? Does ALSTOM ring a bell? Do you really think that the nuclear sector would close down in the UK? Is this your reasoning? How do you think the country would generate electricity or doyou think a country like the UK would have the fate of their electricity in the hands of foreigners in the name of cutting cost?
[/b]

B.O.S.S.:

UK industry could suffer if French government-owned EDF is allowed to take over Britain's biggest electricity producer.The warning comes from Peter Luff, chairman of the Government's Business and Enterprise Committee, who is worried that the passing of British Energy (up 1p to 727½p) into French hands has serious implications for the competitiveness of UK firms. Nuclear operator British Energy controls virtually all the UK's nuclear power stations, and it produces around 15% of our electricity supply.

EDF, 85% owned by the French Government, is widely tipped to announce the takeover of British Energy, offering 775p per share, at its first half-year results announcement in Paris on Friday. Luff complains that foreign owned utilities are less transparent on setting prices and are channelling profits out of Britain. Recent takeovers of UK energy firms by European rivals have led to one-third of our electricity supply falling into foreign hands. Luff said: 'Families are affected by this consolidation by European firms but it also has serious repercussions for the competitiveness of UK businesses.
http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=448430&in_page_id=3

OutlukBabe:

@BOSS

I don't want you think that I was trying to compare UK with Nigeria or any other deloping counrty. I want you to understand that I am tryin to analyse the current economic situation. I have being in the British Energy Industry for 7 years I know the current energy situation in UK. In Sellafield There is no any current Nuclear power plant in construction and most of the time the older Nuclear plants that are always on maintenance or fuel re-processing. The last nuclear power plant was commissioned in 1995 and it took 10 years for construction. Even that, it is a Canadian reactor (CANDU). Most of the work done in Selafield is decommissioning of the existing plants, that generates tons of nuclear waste. The government wanted to new plants but doesnt have the right technolgoy, and the French government refuse to licensed their design unless the government give them stakes in the british energy.

Make ur research and find out: ABB is an American company, Alstom is French company, Weirs is an American Company, Black & Veacth is American, and these are service industries

If you take the power generating companies. RWE npower is a German company. Eon is german company. EDF is French. Scottish power is own Spanish Iberdrola Group.

Some people may call it capitalism in its purest form, but the UK economy is being badly hurt because of the capital flight. All the profit the companies are making is going out of the country. No matter what happened, the UK economy is being badly hurt by the current condition and the government is feeling it. Services industries cannot sustain country without abundant natural resources.

B.O.S.S.:


But though, my point is that though these companies are being taken over by foreign companies, but I hope you'll agree with me that they (these essentia UK companies) cannot go anywhere because the UK would just not allow it's ecnomy to fully be in control of external powers, don't you agree?
All in all though, is the UK economy badly hurt, of couse I agree with you because I guess I face this day in day out and not just hearing it in the news.

proo212:

Outlookbabe, thanks jare. You hit the nail on the head. It's sad but that is the reality. BOSS, if you need to know the exact sentiments of the average brit, read the Times, Telegraph and (even Daily Mail to add a bit spice to it)

Amenhotep:

F**k da UK and everything it muthaf**king represents!!!!!!!!!!!!!!!!!!!  There's no place like Naija.  F**k Y'all!!!!

felifeli:

It is officially projected that more than 600,000 jobs will be lost in UK in 2009 though , or average of 1600 jobs a day

B.O.S.S.:

And how do you feel about this because I noticed you're an advocate for Nigerians in Nigeria and against Nigerian diasporans.

felifeli:

LOL
How long have you lived in UK ? As a matter of fact I lived in London since I was 13 and know most of the country pretty well . I could really travel through London blindfolded. No I am not against "diasporans (?)" , I just get fed up with people going on as if the UK (or their tenure in the country) is the best thing that ever happened to the world . I don't hate the UK either for your information ; it still remains to me a second home and I still get well-paying get freelance work from the UK. I should be worried about my many relations there who are facing extreme hardship at the moment. Peace.