The State Pension


peteblue said:
No. We were very competitive both on price and product. Huawei were not a competitor on either. They just eventually stepped into the void created by the U.K. telecoms demise once BT et al started spending on infrastructure again after a couple of years. The banks had pulled the plug. Other European manufacturers had the benefit of national protection and a more diverse customer base. We got caught in a perfect storm initiated by Brown and a 100 year British high tech industry employing tens of thousands disappeared almost overnight…..
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Sorry if I'm simplifying things but why did European competitors have a diverse customer base while British one's didn't? Eggs all in one basket complacency? The good times are here forever? There must have been some decisions or lack of foresight / flexibility within your particular industry that at least contributed to such an overnight fall?

The auctioning off of resources such as 3G licenses wasn't a new and unique idea coming from Labour without precedence and the price paid in an auction is ultimately decided by the bidding parties.

Some would have been hailing it as a financial masterstroke if it was Mrs T pulling money from thin air into the treasury. Or decimating a British industry employing tens of thousands as quickly as possible with no long term solution for the problems caused so long as 'the enemy within' was stamped down.
 
ClausThomsen said:
Sorry if I'm simplifying things but why did European competitors have a diverse customer base while British one's didn't? Eggs all in one basket complacency? The good times are here forever? There must have been some decisions or lack of foresight / flexibility within your particular industry that at least contributed to such an overnight fall?

The auctioning off of resources such as 3G licenses wasn't a new and unique idea coming from Labour without precedence and the price paid in an auction is ultimately decided by the bidding parties.

Some would have been hailing it as a financial masterstroke if it was Mrs T pulling money from thin air into the treasury. Or decimating a British industry employing tens of thousands as quickly as possible with no long term solution for the problems caused so long as 'the enemy within' was stamped down.
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'Let the market decide' is wonderful, when it benefits me. But the moment it doesn't...
 

Joey66 said:
No, he called me avaricious which I had no need to Google it means being greedy.. I was lucky to never claim unemployment benefit all my working life plus the UK OAP is the lowest in many European countries..
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I think Bruce was doing a bit of friendly winding up Joey, I’m sure there’s no malice in it………
 
ClausThomsen said:
Sorry if I'm simplifying things but why did European competitors have a diverse customer base while British one's didn't? Eggs all in one basket complacency? The good times are here forever? There must have been some decisions or lack of foresight / flexibility within your particular industry that at least contributed to such an overnight fall?

The auctioning off of resources such as 3G licenses wasn't a new and unique idea coming from Labour without precedence and the price paid in an auction is ultimately decided by the bidding parties.

Some would have been hailing it as a financial masterstroke if it was Mrs T pulling money from thin air into the treasury. Or decimating a British industry employing tens of thousands as quickly as possible with no long term solution for the problems caused so long as 'the enemy within' was stamped down.
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Brown was the first to do it and raised £20Bn, europe eventually followed and the total raised hit £80Bn. We had diversified into the USA and bought companies in Pittsburg and Texas. The likes of Siemens were much larger with a wide range of non telecoms products and were selling these in South America etc etc. Siemens, like a lot of German companies also had Union reps on their board and the government would not allow them to go under. Siemens also previously owned 40% of a joint GEC/Plessey company and insisted on replacing smaller Telecomms products which we did sell in the likes of South Africa, Hong Kong etc with their own products before Lord Simpson bought them out of Marconi. And bought the American companies. It was complicated and it’s just history now. The share price fell from over £12 and was heading for £16 and then after Brown messed it all up ended up at about £0.0125p and the death of U.K. telecommunications. Anyway it’s in the past, and the issue pertaining to this particular thread was industry specific pension devastation in the U.K. and the poor Americans losing everything in 407K pension funds due to the collapse in the share price. Sorry to have bored everyone with this…..
 
Who flogged gas elec and water?

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