Is the UK losing its presence on the worldwide stage?
For many years the UK appears to have punched above its weight on the worldwide stage having the ear of countries such as America and leading European counterparts. However, since the credit crunch a number of weaknesses in the UK economy have been brought to the fore and indeed the country has been placed on an "avoid" list by many investors. So is the UK losing its presence on the worldwide stage?
There is no doubt that at this moment in time the voice of the UK is nowhere near as loud as it has been on the worldwide stage. However, while the debt issue in the country continues to grab the headlines it is worth remembering that many other countries have their own debt issues and other problems such as pension payments in Italy. The UK may well be the focus of the attention at the moment but the underlying prospects for the country in the longer term are still very positive.
It does seem as though we will go through a period of short-term pain for long-term gain although how long this "short-term pain" will last remains to be seen.
Share this..
Related stories
Is it time to get positive on the UK economy?
Historically it has always been darkest before the dawn and with the UK economy in the process of being talked down each and every day by the financial press and investors, are we now nearing that darkest hour before the dawn? There are a number of different investment opportunities and investment strategies in the UK which have proved very popular and indeed in many cases very lucrative in the...
Read MoreBank Of England gives mixed opinions on UK economy
Charles Bean, the deputy governor of the Bank of England, has today attempted to tone down recent comments attributed to various members of the MPC. Over the last few days we have seen a number of relatively upbeat statements from various members of the MPC although Charles Bean has been a little more cautious today, suggesting the UK recovery will be a long haul fraught with uncertainty.
<...
British Bankers Association cool on immediate economic outlook
The British Bankers Association (BBA) has confirmed that mortgage approvals in the UK are now double the level they were when the credit crunch was at its worst last November but the association is playing it cool with regards to the immediate economic outlook. There has also been confirmation that many UK mortgage holders are paying back more than they need to which is being seen as a negative as...
Read MoreMore confusing views on the economy!
Andrew Sentance, one of the policymakers at the Bank of England, has today caught the attention of the currency markets with a suggestion that UK base rates could rise in the short to medium term. Commenting upon the potential threat of inflation he has given the biggest hint so far that UK base rates could rise, suggesting that the central bank could not "rely on goods deflation" alone to fight t...
Read MoreIMF warns again on UK economy
The International Monetary Fund (IMF) has reiterated its 0.2% growth forecast for the UK economy in 2010 although there is a stark warning that the position could deteriorate very quickly unless lending activity improves. This is not the first time that the IMF has criticised the UK authorities and the UK financial sector for a lack of follow-through on various lending promises. However, while man...
Read More