GBP

http://www.telegraph.co.uk/news/uknews/crime/10057543/Asian-grooming-gang-convicted-of-appalling-acts-of-depravity-on-children.html

What I don't understand about these horrible immigrants we let into our country is their law abiding religious communities always come out in condemning their actions after the event. Yet I never hear about them managing to pre empt such wicked behaviour amongst their countrymen.

I know Oxford City and the Cowley Road areas extremely well. It's not a large spread out area, in fact it is very condensed. Should be extremely easy for the local mosques (et al) to police, to notice what is going on, to pre empt. We are supposed to be a civilised society for christ's sake, especially in Oxford of all places.

Yes agree, and during a very difficult period last 5 yrs. He has received much criticism recently.

forex live recap:-

GDP to accelerate to 0.5% Q2 2013
Inflation to peak at 3.1% Q3 2013
Sees GDP rising to 1.7% in Q2 2014, 2.2% Q2 2015
CPI to remain above 2% for much of next two years
Forecasts assume financial crisis impact slowly fading

Presser
New BOE forecasts are a welcome change
sees stronger growth lower CPI than 3 months ago
Officials must press on to lower employment
Sees significant margin of spare capacity
UK economy faces challenge of substantial rebalancing
A recovery is in sight for the UK economy
Markets expect bank rate to remain below 1% for a number of years

been off line for 2 days, power cuts and BT working on their high speed, ha, internet.

George, governments have ignored one important condition made by Keynes, that you have to reduce debt and deficits during the good times to enable the increasing of debt during recessions. You cannot have it both ways or the bond markets will ultimately rebel.

Nigel Lawson has announced he would vote to exit the EU. A rather highly respected and unusually successful chancellor of the exchequer. I mean he would have made a careful and measured calculation.

I don't know about infrastructure projects George but I agree they are urgently needed to promote some growth. Unfortunately the private sector have shown little interest in risking their money and the country cannot afford to risk increasing borrowing. The country is effectively bankrupt as u know. I favour the private sector building toll roads etc like you have en france. The big corporates have been sitting on healthy profits but no confidence for investing. Railways and airports also have much scope for improvement. Alt energy schemes etc.

I think the govnmt have to make the assumption they are living on borrowed time with v/low debt servicing costs. They would be foolish to increase spending.

u lost me. :(