“Fundamentals – UK’s engine for growth was the financial sector that is now crippled for many years. Australia’s is the commodities sector that continues to boom. UK has now passed £1 trillion of official debt with another £3+ trillion of unofficial debt in part as a consequence of bailing out the bankrupt banks that Australia never had to do. the UK economy crashed, Australia’s just spluttered, UK economy is experiencing an anaemic economic recovery, Australia’s is racing ahead. UK interest rates stand at just 0.5%, Australia has just raised rates to stand at 4%.”

Rest of the article here.

Sucks to be earning UK pounds right now…likely I’m earning OZ dollars…