Friday, 3 July 2009
Hedge Funds and the UK Economy
Here's a picture of Lily to try and convince you not to skip this post as another hopeless rant about the British Economy.
I bought a Hedge Trimmer the other day from B&Q - a "heart's desire" for many years, even before I had a hedge. Here's Lily checking it over:
Guess how much it cost?
It cost £9.99 total, brand new with 600w motor and blade cover and plug fitted!!!!
After VAT is removed, B&Q received £8.69 for this lovely item which has been shipped half way round the world from China at a significant carriage cost. Even if B&Q are selling them at cost price for promotional purposes, it means the hard-working Chinese are producing a sophisticated gadget for less than it would cost over here to manufacture the cardboard box and the electric plug. Or possibly just the box.
So we owe the Chinese Trillions, the consultants, bean counters and bankers have screwed what's left of the economy after Thatcher and Blair dismantled it and we're all going to die of swine flu.
My hedge looks really ace though!