Why the UK Slipped one place to No. 10 in Global Competitiveness Report – Source World Economic Forum

English: Keep Calm and Carry On UK government ...

English: Keep Calm and Carry On UK government poster (Photo credit: Wikipedia)

Open this link and see why the UK slipped once place in the global competiveness stakes per the WEF. The report card gives the UK lots of credit but it’s dragged down by the macro-economic risks, especially debt.

This excellent graphical chart, highlighting strengths and weaknesses AND pinpoints the risks. With high debt levels in both the public and private sector, the UK is playing a high risk game (see article on London property collapse forcasted by UBS).

The UK is an increasingly divided society between rich and poor, north and south, services and other industries. David Cameron and George Osborne still seem light on strategy and effectively dealing with the UK’s weaknesses. The bacon-slicer austerity cuts are not enough, the UK needs effective policy.

How should the UK most effectively strengthen her global competitiveness ranking?

Thoughts?

tcetoday | News | Cyprus ‘progressing’ towards gas production

English: Map of Cyprus showing districts

English: Map of Cyprus showing districts (Photo credit: Wikipedia)

Pardon the pun, but it looks like Cyprus has her foot on the gas again!

via tcetoday | News | Cyprus ‘progressing’ towards gas production.

Of course, there are doubters and risks. There are contextual factors like the price of energy and politics in the Eastern Mediterranean. But the Eastern Mediterranean is strategically important. Cyprus has long been a home for Russian people, now the Chinese are coming too.

Could the Eastern Med become the new North Sea of energy?

Thoughts?