Friday, April 30, 2010

Britain's Deficit

I still haven’t decided which country to choose. So let’s read about the United Kingdom of Great Britain and Northern Ireland and its links with the rest world. This podcast was published by BBC World Service on the 28th of April 2010.

http://www.bbc.co.uk/iplayer/episode/p00785tg/Business_Daily_Britains_Deficit/

So it is one of the recent podcasts and its title is “Britain's Deficit”. It tells us about such thing as interdependence. So fears have increased that the market panic induced by the plight of Greece will spread to other highly indebted European countries.

As the UK heads towards its general election on May 6th, one prominent British businessman has told Business Daily that none of the political parties are confronting the great yawning reality of the UK's deficit.

Jon Moulton, who's a veteran player in the private equity industry and is the chairman of Better Capital, has told Lesley Curwen about real situation in the United Kingdom. Britain is in a worse position now. The only solutions are shrinking the state, taxing the population 'to death' or allowing the pound to collapse.

Plus, Rafael Saakov from the BBC's Russian Service has reported on the decline of Russian figure-skating in international competitions. And the BBC's Roland Buerk in Tokyo has described the changing face of Tokyo's taxis.

What about my self-assessment? This podcast wasn’t complicated from the point of new lexicon but from the point of pronunciations it was very complex to hear it from the beginning to the end. However it is one of the most interesting podcasts. I recommend you to listen to it.