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Re: Britain loses it's AAA Credit Rating
I think we have one ways to create a turnaround. Apart from raising minimum wage we need to create investment bank. Set the interest rate say 7%. Either use RBS or use BOE though would watch them like hawk give them mandate to put the money to Good investment strategies. Lend money in right areas to improve the country position not waist it on bad investments.
So not put in housing, stocks, hedge funds but into proper businesses into manufacturing strategies and research & development possibly too. Even possible maybe into apprenticeships too in areas where we got skills shortage create pool skilled labour. Investments for entrepreneurs to set up small businesses. Aim to get country foothold in manufacturing and reduce its over reliance one sector. One area we need to grasp with big hands the possibilities that Graphine can bring to worlds marketplace. Such as its ability of being superconductor. We would be fool to let the oportunity missed.
Osbourne got lots options to turn it around ways to be creative get us moving forward. Which will setup the country be world leader. He just not creative or imaginative.
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