You do talk some utter tripe sqad
The UK is still the worlds 6th largest manufacturing nation
http://investing.curi...ng-countries-in-2008/
Frankly the bonus issue is just political - it doesn't really affect the liquidity of the banks which is the most important issue.
The question is who is the new economics foundation who are making this prediction and are they credible?
Time to roll out sourcewatch
http://www.sourcewatc..._economics_foundation
Hmm well they have certainly won a number of plaudits but they do seem to come from an anti-big business background having been formed by people who led the Alternative G7. The Executive Director was International Director for Oxfam and the Policy director is an anti-nuclear power stations campaigner.
So all in all I'd like to hear what some other voices have to say about the imminant collapse of the banking sector before I go and start panicking