I have listened a podcast from BBC Radio Scotland Program once again. I've done it twice. It was rather interesting and useful for me.
As the UK's trade gap with the rest of the world widened unexpectedly in January (see the previous post), Graham Stewart and guests in this program examine exports, imports and the impact of currency fluctuations.
Well, there is information about the losses by National Bank, they are 257 millions. Ewan Reid of coffee company Matthew Algie talks something about imports.From the export side is Craig Preston, chief financial officer at software firm Craneware. According his words the assets should increase. Moreover, there are problems in the Wiskey Industry. So the alcohol became cheaper than it was earlier. As the result houndreads were lost their jobs.
The last guest is David Lamb, he is head of treasury services at No1 Currency, analyses the fluctuations in the money markets and also tells us about the Emigrate Glasgow event taking place this weekend.
To sum up, I would like to say, that the crisis continues the destruction of the economy.
