Exporting Out of Trouble? Er, no.

In the FT, on the Ireland issues:

Few people would deny that helping Ireland is in the national interest. After all, Britain exports more to Ireland than to Brazil, Russia, India and China combined.

That’s a stunning statistic!

Really, what does it say about the state of the UK economy? Even with the pound devalued by 25% over the last few years, exports to a minor market like Ireland still eclipses the combined exports to most of the BRICS! It doesn’t really inspire much confidence in the idea that the UK can export it’s way out of recession. Nor does it give you much hope for a future recovery as a meaningful secondary economy.

It makes me wonder what can replace all those lost manufacturing / factory jobs? The current long-term unemployed aren’t likely candidates for financial services industry (except perhaps as robo-signers?)… where are they all going to work? With the eastern europeans leaving in droves, and the weak pound forcing up the cost of food imports, perhaps it’s time to get back to fields?

What a long strange trip this industrial revolution has been…

Advertisements

6 thoughts on “Exporting Out of Trouble? Er, no.

    • It’s not just germany – it’s all those pesky exporting countries making all manner of useful, tangible things. Why can’t they get with the program – it’s obvious all the money is to be made in shuffling bits of paper, flipping burgers, and cutting each others hair!

  1. Yep – that one had made my cough into my cornflakes yesterday morning. I have a feeling the comparison fell out of the mouth of our Glorious Leader, when attempting to justify / passify, or something equally lacking in personal empathy. However, as an isolated fact, it says WAY more about Britain’s failings elsewhere than about its export relationship with Eire, as you suggest. Still, we don’t have time to worry about Ireland falling into the sea and swamping us with the resultant economic tidal wave, because we have far more important things to concern ourselves with. Royal Wedding (Inc. and TM), multi-tasking media sedative, sweetener and tourism generator cometh.

    • I’m sure Georgie-boy has the countries best interests at heart:

      Osborne is part of the old Anglo-Irish aristocracy, known in Ireland as the Ascendancy. He is the heir to the Osborne baronetcy (of Ballentaylor, in County Tipperary, and Ballylemon, in County Waterford).

      It really is back to the good old days. Victorian england here we come!

Wise words...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s