This country is very badly placed for the economic challenges of the future with all Governments allowing left wing dogma to dominate education.
We have two systems in this country a world class private schooling system and a dire public system, which is still getting worse.
In competing Asian countries like India and China their education systems are improving and will provide us with much greater competition in the future. Expect much of our strength in engineering R&D to face much greater competition from these countries. How long before teams like Force India are developing the F1 cars in their own countries?
On top of that there is currently a massive brain drain from this country to the US / Canada and to a lessor extent Europe for many of our top engineers and scientists. 40% of top computer programmers and graphic artists from game development studios that went bust in the UK over the last 12 months are now working abroad, mainly in Canada and France, where development studios get tax breaks.
Our only jewel in the crown is financial services where London is number one for doing business in banking and insurance, but I'm not sure how long that will continue as Merkozy will do whatever they can to boost Munich and Paris, through the EU, at the expense of London on this.
I think once the world's economy start growing again then Europe and the UK will be stuck in the high debt, high tax, high regulation, (uk only) poor workforce slow lane, with Europe's share of world trade dropping and the UK's probably more than most.
Where we have high personal and public debt levels in the UK it is currently estimated that it is going to take at least 5 years to deleverage this, before the UK economy starts growing, so expect stagflation with falling living standards until at least 2017.
This is why I'm keen to move to the Ukraine as on all measures I think the UK's prospects are poor.
The majority of the UK's growth from 2000 to 2008 was obtained through the last Labour government borrowing huge sums of money. Now the party's over, unfortunately, I think the country is going to have an 8 to 10 year hangover.
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Topic: Uk Litrassy, Wot went wronng? (Read 1087 times)