Indo-UK News & Discussions- June 2017

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eklavya
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Re: Indo-UK News & Discussions- June 2017

Post by eklavya »

^^^
The latest market ructions are a direct result of the bizarre fiscal policy stance of the incoming Truss government. Rishi Sunak very clearly warned against following an expansionary fiscal policy in current circumstances. Won’t be surprised if the Tories boot out Truss before the year is out.
Cyrano
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Re: Indo-UK News & Discussions- June 2017

Post by Cyrano »

The Truss financial strategy seems to be low taxex and high spending in an era of skyrocketing energy prices and a tanking pound, zero growth if not recession, no favorable FTAs with Europe or big economies. High resources, inputs and labour costs in a low manufacturing high services economy with nothing much to export. Financial services industry depends on rich clients and investors from US, EU, Russia, ME, China, India. None of them are booming except India which has many other avenues. So wtf are they counting on?

Can't think of a better path to bankruptcy.
kit
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Re: Indo-UK News & Discussions- June 2017

Post by kit »

https://www.thetimes.co.uk/article/poun ... -lwmt5nm3q

“Sterling is getting absolutely hammered,” Chris Weston, head of research at Pepperstone, a foreign exchange broker, said. “Investors are searching out a response from the Bank of England. They’re saying this is not sustainable.”

‘The UK is now being treated as if it’s an emerging market’
eklavya
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Re: Indo-UK News & Discussions- June 2017

Post by eklavya »

Cyrano wrote:So wtf are they counting on?
In a word, they are hoping for “growth”.

They will get the opposite: devaluation, inflation, higher interest rates, lower investment, lower asset prices, lower consumer and investor confidence, lower growth.

They might have to import Raghuram Rajan (if they can afford his salary) as their financial adviser. The Pakistani Finance Minister is also looking for a new job; he could also explain to Truss how this macroeconomic (in)stability thing works.
Cyrano
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Re: Indo-UK News & Discussions- June 2017

Post by Cyrano »

Raghu Ram Rajan will be a waste. At least the Pak FM will teach them how to beg at IMF and hoodwink payments :rotfl:
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Re: Indo-UK News & Discussions- June 2017

Post by Mort Walker »

Cyrano wrote:Raghu Ram Rajan will be a waste. At least the Pak FM will teach them how to beg at IMF and hoodwink payments :rotfl:
No worries. They will ask for another US Marshall fund, which the UK was the biggest recipient after WWII, and Xiden will turn on US printing presses to give Truss several billion like Pakraine.
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Re: Indo-UK News & Discussions- June 2017

Post by srin »

RRR is the Rahul Gandhi of economics. It'd be interesting to speculate on the state of UK economy once he is done.
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Re: Indo-UK News & Discussions- June 2017

Post by Bart S »

kit wrote:https://www.thetimes.co.uk/article/poun ... -lwmt5nm3q


‘The UK is now being treated as if it’s an emerging market’

Almost Paki levels of perceived affront to H&D there :rotfl:
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Re: Indo-UK News & Discussions- June 2017

Post by g.sarkar »

Kitji, the Times UK is rudely asking me to pay. I am willing to pay after they have returned the Kohinoor. Perhaps you could post a summary for those BRF members who are poor and deserving?
https://www.theguardian.com/business/20 ... ise-latest
UK in recession, says Bank of England as it raises interest rates to 2.25%
In a three-way split decision, MPC signals inflation risks outweigh short-term threat of recession
Richard Partington, Economics correspondent, 22 Sep 2022

Britain’s economy is now in recession, the Bank of England has said, as it raised interest rates to tackle the worst bout of inflation for 40 years.
A majority of the Bank’s nine-member monetary policy committee (MPC) voted to increase the key base rate by 0.5 percentage points to 2.25% – its highest level since 2008 – judging that the risks of inflationary pressures becoming entrenched outweighed the short-term dangers to the economy.
With soaring energy bills and the rising cost of a weekly shop forcing households to rein in their spending, Threadneedle Street said the economy was heading for a second consecutive quarter of falling output.
After a 0.1% drop in gross domestic product in the three months to June as the economy slumped into reverse, the Bank said a further 0.1% decline could now be expected in the third quarter amid a slump in consumer spending and weaker activity for manufacturing and construction.
It said the fall also reflected a smaller-than-expected bounce back from the additional bank holiday for the Queen’s platinum jubilee, as well as the impact from businesses closing their doors in a mark of respect for the state funeral this week.
Three members of the MPC voted for an increase of 0.75 percentage points, five backed a half-point rise and one pushed for a more limited quarter-point move.
......
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https://www.theguardian.com/business/20 ... of-england
Markets warn sterling slump could lead UK interest rates to triple by next year
Analysts expect Bank of England to convene meeting to raise rates with further increase in November
Phillip Inman, 26 Sep 2022

The plummeting value of the pound has sent the interest rate on government debts to a 12-year high, with money markets predicting the Bank of England base rate could almost treble to 6% next year.
Sterling tumbled to an all-time low of $1.03 against the dollar overnight before recovering to $1.07 in morning trading as traders priced in forecasts of a major intervention from Threadneedle Street to support the currency.
Traders expect the central bank to convene a meeting of its monetary policy committee (MPC) soon to raise interest rates from 2.25% to 3% before increasing them further at a scheduled meeting in November.
It was understood that officials spent much of Monday morning preparing a statement for the markets after No 10 spokesperson ruled out any comment on the situation by the government.
A statement was expected in late afternoon in the event of further falls in sterling, to send a message to investors that the Bank would use all its powers to bring inflation under control and down to its 2% target.
One analyst described sterling’s situation as “toxic”, while another said investors had digested the implications of Friday’s mini-budget, which stacked a further £45bn of unfunded tax cuts on top of an estimated £150bn bill for its energy price bailout scheme, and “seemed inclined to regard the UK Conservative party as a doomsday cult”.
A further rout of the British currency could take it below parity with the dollar and into uncharted territory on international exchanges.
It is understood the MPC, chaired by the Bank’s governor, Andrew Bailey, will be reluctant to intervene when the defence of the currency is not among its responsibilities, instead focusing on its target of bringing down inflation to 2% over the next two to three years, from 9.9% in August.
However, several MPC members have highlighted the fact that a drop in the value of the pound can fuel inflation via the higher cost of imported goods and raw materials.
A rise in interest rates, if it shores up the value of sterling, could limit the pressure on inflation, though traders may interpret an emergency rise as a signal of panic at the Bank, prompting further selling.
Adding to concerns about the government’s grip on economic policy, the cost of financing UK debts doubled on international bond markets. The interest rate on five-year government bonds raced to 4.5% from 2% last month and just 0.5% a year ago.
.....
Gautam
Kedar
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Re: Indo-UK News & Discussions- June 2017

Post by Kedar »

Bart S wrote:
kit wrote:https://www.thetimes.co.uk/article/poun ... -lwmt5nm3q


‘The UK is now being treated as if it’s an emerging market’

Almost Paki levels of perceived affront to H&D there :rotfl:
So we now have a Bhikarain as well. A new portmanteau word combining Bhikari and Britain. Just like Pakraine.
S_Madhukar
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Re: Indo-UK News & Discussions- June 2017

Post by S_Madhukar »

Birds of a feather flock together. You are known by the company you keep... apparently no longer learnt in schools
vinod
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Re: Indo-UK News & Discussions- June 2017

Post by vinod »

yensoy
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Re: Indo-UK News & Discussions- June 2017

Post by yensoy »

Mort Walker wrote:Looks like Pound Sterling is devaluing against the USD. 1.00 USD = 0.95 GBP. For a country that imports most of its energy, this is bad and will get worse as winter sets in. UK may go into a recession followed by a depression. GBP is devaluing against the INR too. 1 GBP = 85 INR.
This situation is highly overdue. UK stopped producing things of use to the world many decades ago (although they had an excellent scientific and somewhat ok engineering tradition from some centuries). Fast bucks weren't as easy to make after decolonization. Their pivot to Finance was inevitable and they had a long run as global intermediary, supported by their subsidiaries in Singapore and Hong Kong. Today the only major "industry" of value produced in the UK is education which I still consider top notch - be it universities, schools or expat teachers. And scotch. These verticals alone can't sustain a 3T economy anymore. Oh and the business of providing refuge to errant billionaires has also dried up.
Vayutuvan
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Re: Indo-UK News & Discussions- June 2017

Post by Vayutuvan »

Tourism is a major industry for most European countries including the UK. For the US, it is the second most important export, weighing in at $250 billion. First is weapons sales - fighter a/c+missles etc.

Higher education is not all that great. The US higher-ed beats every other country in the world - none barred.
kit
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Re: Indo-UK News & Discussions- June 2017

Post by kit »

https://twitter.com/MrKennethClarke/sta ... 9709342720


The government is set to relax immigration rules to help fill the vast number of job vacancies in the UK. Why did we leave the EU again? :rotfl:

"margarine" thatcher seems just about right for the trussing lady
Lisa
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Re: Indo-UK News & Discussions- June 2017

Post by Lisa »

Europeans had both the right to settle and access state funds. 'Temporary workers' will not.
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Re: Indo-UK News & Discussions- June 2017

Post by g.sarkar »

https://www.bloomberg.com/news/articles ... -quicktake
Understanding the Pound’s Sudden Crash
Guy Collins, September 26, 2022

Britain’s most radical package of tax cuts since 1972, combined with plans for large-scale borrowing, have taken financial markets by surprise and triggered a slump in the pound to a record low. The unorthodox measures are designed to kick-start economic growth. Yet the mini-budget unveiled on Sept. 23 raised fears that it could exacerbate inflation, undermine state finances and even cause a full-scale run on the currency, putting pressure on the central bank to step in.
1. Why did the pound tumble?
The tax cuts went further than economists expected, trimming the top rate of income tax along with corporate tax and other levies. Liz Truss, who took over as prime minister less than three weeks earlier, is arguing that the changes will turbo-charge the economy, stave off a recession and shake the UK out of a decade of underperformance. Soon after the plans were announced by her Chancellor of the Exchequer, Kwasi Kwarteng, the pound slid more than 3% to its lowest since 1985. His comment two days later in a BBC interview that there was “more to come” sent the currency briefly tumbling almost 5% further to an all-time low of $1.0350, before recovering back above $1.07.
2. What’s the backdrop?
The concern is that the burst of fiscal stimulus will exacerbate price pressures just as the Bank of England tries to rein in inflation, which was 9.9% in August, almost five times the central bank’s target and close to a 40-year high. Investors are also concerned that the new budget will put the country’s debt on an unsustainable path. State finances were already stretched by emergency spending sparked by the pandemic as well as soaring energy prices resulting from Russia’s war in Ukraine and costs associated with the Brexit vote to leave the European Union. That came on top of many years of low productivity relative to the country’s closest competitors in the EU.
3. What’s the government’s plan?
The aim is that the tax cuts will create a more dynamic economy, which should eventually generate higher tax revenue and keep borrowing in check. The new Conservative government’s plans have drawn comparisons, even among its supporters, with the ill-fated 1972 budget drawn up by Kwarteng’s Tory predecessor Anthony Barber, who also delivered a massive package of unfunded tax cuts. In his case, inflation soared and the economy overheated before collapsing into recession. Barber’s boss, Edward Heath, was defeated by the Labour opposition two years later, and the UK had to seek a bailout from the International Monetary Fund in 1976. Another of Kwarteng’s predecessors, Nigel Lawson, Chancellor under then Prime Minister Margaret Thatcher, also faced the challenge of rising inflation in the late 1980s after introducing a package of tax reforms.
........
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https://www.cnn.com/2022/09/26/investin ... index.html
The pound’s crash will make inflation worse and push interest rates higher
Julia Horowitz, CNN Business, Mon September 26, 2022

The UK government’s decision to implement the biggest tax cuts in 50 years while borrowing tens of billions of dollars to subsidize soaring energy costs this winter is a massive gamble that’s sent shockwaves through financial markets.
Since Friday, when finance minister Kwasi Kwarteng formally announced the plans, the British pound has plunged 5% against the US dollar, bringing its total losses so far this year to an eye-popping 21%. The euro, for comparison, is down about 15% against the dollar during the same period.
The turmoil doesn’t end there. Investors have raced to dump UK government bonds as they worry about the extra £72 billion ($77 billion) in borrowing due before April. The yield on 5-year debt, which moves opposite prices, has jumped from about 3.6% to more than 4.4% over the past two trading sessions — an astronomical jump in a corner of the financial universe that typically logs movements in tiny fractions of a percent.
The Bank of England said in an emergency statement that it was “monitoring developments in financial markets very closely,” while the UK Treasury said plans to ensure the sustainability of government finances would be released later this year.
But that may not bring an end to the chaos, the consequences of which won’t be limited to markets. A falling pound is dire news for an economy that may already be in recession, since it makes it more expensive to import essential goods like food and fuel. That could fan decades-high inflation that’s stoking a cost-of-living crisis for millions of households.
.......
Gautam
rsingh
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Re: Indo-UK News & Discussions- June 2017

Post by rsingh »

Worlds most chalak bania is tasting its own medicine.they have money. They have gold.They can deposit gold in RBI to get some dollar. Or issue some very attractive Energy bond and buy more hydrocarbons at instant market. They do not have proper oil refinery. We have overcapacity. Options are clear.To make the things worse, they are not in EU. They do not have backing of EU to negotiate better deals.My friend is planning marriage party for his daughter. House of common is for rent I was told other day.
Middle income people survive by doing 2, 3 jobs. I fail to understand how increasing interest rate will make life easy. Inflation is not because there is too much pound in market. It is supply and demand. So less porducs and so many buyers. This brings high price.
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Re: Indo-UK News & Discussions- June 2017

Post by rsingh »

Speculation is a double edged sword. Once investor see that pound is in real trouble , they will come big knives. What that Hungarian old man doing in his apartment office? BTW those Belgrave apartments are on 20% reduction.
kit
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Re: Indo-UK News & Discussions- June 2017

Post by kit »

rsingh wrote:Speculation is a double edged sword. Once investor see that pound is in real trouble , they will come big knives. What that Hungarian old man doing in his apartment office? BTW those Belgrave apartments are on 20% reduction.

where s George Soros., this is likely his moment
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Re: Indo-UK News & Discussions- June 2017

Post by Manish_P »

rsingh wrote:...
Middle income people survive by doing 2, 3 jobs...
Forgive this non-baniya aam-aadmi. Whom are they doing 2-3 jobs for? As in who is paying for the 2-3 jobs..
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Re: Indo-UK News & Discussions- June 2017

Post by rsingh »

Manish_P wrote:
rsingh wrote:...
Middle income people survive by doing 2, 3 jobs...
Forgive this non-baniya aam-aadmi. Whom are they doing 2-3 jobs for? As in who is paying for the 2-3 jobs..
Bismillah and all that. I know personally. Guy wakes up at 5 AM and goes to bakery. Then 9AM goes to work ( bus driver) comes back at 3PM and goes to ASDA to pack the fresh flowers. Whole family works like that. And they are not saving much. They are working for themselves ( to survive) and companies are paying. It Is difficult to fire a full timer. Not everybody is rich here.
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Re: Indo-UK News & Discussions- June 2017

Post by Cyrano »

Rumours of trouble brewing for Truss. As an Oxford PPE graduate she should have known that when the pound tanks the rich and powerful are impacted most and first before the man on the street, and they have means that will be deployed very quickly if things start going horribly wrong.
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Re: Indo-UK News & Discussions- June 2017

Post by yensoy »

Rishi must be absolutely relieved that he is not in the drivers seat. He knew perfectly well where things were headed, and in fact he proposed a much harder line which would have caused pain and made him instantly unpopular. It is good that he didn't become PM. He can come back in a year or two and be the magic kid to bring about an eventual recovery.
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Re: Indo-UK News & Discussions- June 2017

Post by rsingh »

^^^
BHOOO. I felt that during last few debats , he was not up to notch. Clever Hindu banyia.
kit
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Re: Indo-UK News & Discussions- June 2017

Post by kit »

https://www.reuters.com/markets/europe/ ... 022-09-26/

Grieve told BBC radio that reserves were one of two ways of supporting the currency, the other being interest rates.

"We don't have very many reserves compared to the scale of currency markets. So I think that that's not seen as an effective weapon," Grieve said

Britain had net foreign exchange reserves worth 80.7 billion pounds ($86.84 billion) at the end of August, although the pound's decline against the dollar and euro will have mechanically boosted that number this month.

thats just a fraction of India's Forex reserves
kit
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Re: Indo-UK News & Discussions- June 2017

Post by kit »

Cyrano wrote:Rumours of trouble brewing for Truss. As an Oxford PPE graduate she should have known that when the pound tanks the rich and powerful are impacted most and first before the man on the street, and they have means that will be deployed very quickly if things start going horribly wrong.

where else but America is going to gain from all those monies fleeing the uk lands
yensoy
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Re: Indo-UK News & Discussions- June 2017

Post by yensoy »

kit wrote:
Cyrano wrote:Rumours of trouble brewing for Truss. As an Oxford PPE graduate she should have known that when the pound tanks the rich and powerful are impacted most and first before the man on the street, and they have means that will be deployed very quickly if things start going horribly wrong.
where else but America is going to gain from all those monies fleeing the uk lands
Ill-gotten wealth will not come to the US where the law is a lot more strict and all sorts of lawsuits may be entertained against oligarchs, dictators and the like. This money will move to Dubai, Cayman Islands or even Singapore. Corporate money will move to Ireland.
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Re: Indo-UK News & Discussions- June 2017

Post by g.sarkar »

https://www.theguardian.com/commentisfr ... -got-right
Rishi Sunak said it was fairytale economics. That was one thing he got right
Will Hutton, 25 Sep 2022

Britain is on the cusp of a financial crisis. On Friday, the prime minister, Liz Truss, and the chancellor, Kwasi Kwarteng, comically parading false claims of their toughness, elected for the softest of economic options.
In a “mini-budget” – an obvious misnaming to avoid presenting elementary fiscal arithmetic required by law for a proper budget – they pretended to shrink the state’s financial claims while launching an unprecedented extra £411bn of public borrowing over the next five years as a “plan for growth”. Never in British public life has the gap between rhetoric and reality been so gaping.
If the borrowing had been targeted on lifting public investment and improving Britain’s stressed public services, it would have been much more justifiable, especially to counter a coming recession. Although even then, the sheer scale of, and lack of plan to deal with, such a mountain of new debt would have risked condemnation by the financial markets. As it is, the markets, observing an unwarranted record £45bn of tax cuts disproportionately and grotesquely gifted to the southern rich for no good purpose, were offered a one-way bet which they seized.
The pound plunged by 3% against the dollar in hours - it has devalued 17.5% this year. As worrying and with implications no less profound was the price of 10-year government bonds falling by 5%, to complete a near-record one-week fall of 11%. The public debt markets are terrified by the prospect of never-ending flows of government bonds in an economy with double-digit inflation and a currency undermined by an enormous structural balance-of-payments deficit.
In such circumstances, you had best design any economic stimulus carefully so that it is credible, otherwise the whole exercise becomes self-defeating. But not for Truss and Kwarteng, who, in sacrificing that credibility, are fatally wounded politicians just two weeks into office.
Kwarteng’s recklessness has provoked a doubling in interest rates on benchmark 10-year government bonds, to close to 4%, in less than two months, while the markets expect the Bank of England’s base rate to hit 5% next year. No British budget in recent times has received such a devastating negative verdict. The cost of servicing government debt may be soaring, but that has implications beyond the public finances: the higher bond yields rise, the higher target rates of return on business investment also go, so depressing any desired buoyancy in investment intentions. Equally, with mortgage rates set to rise to 7% in 2023, the property market is destined for a sharp retrenchment as up to a third of fixed-rate mortgages unwind. Two growth engines are thus firmly spiked.
Yes, levels of demand are rising, fuelled by extra public debt, so that the coming recession will be shallower than it would otherwise have been; and the £60bn energy package will protect consumers and businesses from Vladimir Putin’s gas shock, reducing peak inflation by as much as 5%. But, like the wider “plan for growth”, the energy package is singularly badly designed and unsustainable. It is not targeted on the most needy and no attempt has been made to further tax energy companies to provide some of the funding. Fairness and the acceptance of the case for taxation and financial sustainability are not in this government’s lexicon.
......
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https://www.theguardian.com/politics/20 ... s-response
Truss and Kwarteng had row over sterling crisis response, say Whitehall sources
First signs of friction between PM and chancellor emerge as pound falls to historic low following mini-budget
Rowena Mason, 27 Sep 2022

The first signs of friction between Liz Truss and Kwasi Kwarteng over how to deal with the tanking pound have emerged, after the pair met in No 10 to thrash out how to respond on Monday.
Downing Street rebuffed talk of a split between No 10 and No 11 over how to deal with the market reaction to the mini-budget, and denied that there was a row.
However, Whitehall sources said there was talk within the civil service of an argument between the prime minister and chancellor at the meeting on Monday morning.
Sky News said Truss had been resisting Kwarteng’s suggestion that a Treasury statement was needed to calm the markets.
The Treasury released a statement late on Monday afternoon setting out plans to commission a forecast from the Office for Budget Responsibility and hold another fiscal event in mid-November.
A No 10 source insisted it was “nonsense” that the pair had been at loggerheads during the meeting, saying Truss meets Kwarteng every day and there was no argument.
......
Gautam
In my opinion, Brexit is going to cost them dearly now.
Cyrano
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Re: Indo-UK News & Discussions- June 2017

Post by Cyrano »

Yes, but if it's any consolation, EU is making other grave mistakes and won't do much better. They are all trying to out do each other in higher deficits, unsustainable benefits, weaken mfg, idiotic energy and climate policies and to cap it all pursuing an immoral and disastrous Ukranian policy at American heels.
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Re: Indo-UK News & Discussions- June 2017

Post by g.sarkar »

rsingh wrote:
Manish_P wrote: Forgive this non-baniya aam-aadmi. Whom are they doing 2-3 jobs for? As in who is paying for the 2-3 jobs..
Bismillah and all that. I know personally. Guy wakes up at 5 AM and goes to bakery. Then 9AM goes to work ( bus driver) comes back at 3PM and goes to ASDA to pack the fresh flowers. Whole family works like that. And they are not saving much. They are working for themselves ( to survive) and companies are paying. It Is difficult to fire a full timer. Not everybody is rich here.
I have personally worked two jobs for a long time, not three jobs though. One is forced to do multiple jobs when the earnings from one is not enough to survive. The pay here in the US is low for menial work, and there is a huge supply of Mexican workers, who can do physical work for long hours. That lowers the pay for every one else across the board. Also, there is no medical insurance given and no vacation time is paid. So, basically it is no work no pay. One can do these jobs when one is comparatively young and healthy. Many students do part time work with long hours during vacation and week ends to pay for school and other expenses.
Gautam
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Re: Indo-UK News & Discussions- June 2017

Post by g.sarkar »

https://www.hindustantimes.com/cricket/ ... 49296.html
England 'offers' to be neutral venue for India-Pakistan Test series, BCCI 'not interested': Report
Cricket, Sep 27, 2022

While the ECB has made the offer for its own commercial gains, the powers that be in the BCCI laughed off the suggestions and said that no such possibilities might arise at least in next few years.
England and Wales Cricket Board has informally offered to be the hosts if India and Pakistan plan to play a bilateral Test series but BCCI sources said chances of that happening in near future is "next to nil".
The UK daily 'Telegraph' reported that "Martin Darlow, the deputy chairman of the England and Wales Cricket Board, has held talks with the Pakistan Cricket Board during the current Twenty20 series and offered England's grounds as venues for ideally a three-match Test series in future."
While the ECB has made the offer for its own commercial gains, the powers that be in the BCCI laughed off the suggestions and said that no such possibilities might arise at least in next few years.
......
Gautam
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Re: Indo-UK News & Discussions- June 2017

Post by Cyrano »

Desperate stiff uppah lips trying to suck up eh? :rotfl:
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Re: Indo-UK News & Discussions- June 2017

Post by Manish_P »

g.sarkar wrote: England 'offers' to be neutral venue for India-Pakistan Test series, BCCI 'not interested': Report
Cricket, Sep 27, 2022

..
While the ECB has made the offer for its own commercial gains, the powers that be in the BCCI laughed off the suggestions and said that no such possibilities might arise at least in next few years.
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Gautam
:lol:
rsingh
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Re: Indo-UK News & Discussions- June 2017

Post by rsingh »

Manish_P wrote:
g.sarkar wrote: England 'offers' to be neutral venue for India-Pakistan Test series, BCCI 'not interested': Report
Cricket, Sep 27, 2022

..
While the ECB has made the offer for its own commercial gains, the powers that be in the BCCI laughed off the suggestions and said that no such possibilities might arise at least in next few years.
......
Gautam
:lol:
Yes. Very smart. You pay very high price for games. And we will make sure that peacefools will be out there to destroy any thing Indian or Hindu. Anyway India and Pakistan are not different. They are same. WTF
IndraD
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Re: Indo-UK News & Discussions- June 2017

Post by IndraD »

heard on SM UK's foreign reserve is £80 B only and looking to mobilise gold deposits or take money from US marshall funds in the name of 'shared values'
Biden happy to throw some dust out of printing press of $$ (like Pakraine).
Haresh
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Re: Indo-UK News & Discussions- June 2017

Post by Haresh »

[quote="eklavya"]BBC: Did misinformation fan the flames in Leicester?

From the BBC article
"Another video was circulated with posters saying it showed a Muslim man pulling down a Hindu saffron flag outside a temple. A flag was indeed pulled down at a temple on Belgrave Road in the city on the night of Saturday 17 September and police were investigating. However, the identity of the culprit is unclear."

We have all seen the video.
It was a mob of moslems, why would this unidentified person be a part of that particular mob ?
What they are implying is that because he has not been identified then he was maybe not a moslem but a Hindu.
The fact the police did not intervene, would in my opinion be enough to conclude that he was a moslem, they wouldn't dare.
Haresh
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Re: Indo-UK News & Discussions- June 2017

Post by Haresh »

The Guardian is picking sides in the Leicester riots
The outlet has failed to acknowledge the role of Islamism in the conflict

https://unherd.com/thepost/the-guardian ... ter-riots/
Lisa
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Re: Indo-UK News & Discussions- June 2017

Post by Lisa »

Tragic, really tragic!

BBC World Service proposes 382 post closures as part of savings

"The other radio services that will end are Kyrgyz, Uzbek, Hindi, Indonesian, Tamil, and Urdu.

The languages that will become online-only are Chinese, Gujarati, Igbo, Indonesian, Pidgin, Urdu, and Yoruba."

(Have not provided a link to actual story.)
AkshaySG
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Re: Indo-UK News & Discussions- June 2017

Post by AkshaySG »

yensoy wrote:Rishi must be absolutely relieved that he is not in the drivers seat. He knew perfectly well where things were headed, and in fact he proposed a much harder line which would have caused pain and made him instantly unpopular. It is good that he didn't become PM. He can come back in a year or two and be the magic kid to bring about an eventual recovery.
Isn't that what Boris essentially tried and failed to do though...
Saw the picture with Theresa May's government and decided to bide his time until he could come in as a savior

That goodwill lasted all of 6 months before his own government's foolishness sent his approval ratings tumbling down
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