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It's not massively failing, just relatively stagnant, and it's not being bought by the middle east, that's just not the case.
by twixfel 3y ago
It's not massively failing, just relatively stagnant, and it's not being bought by the middle east, that's just not the case.
- tomalbrc 3y agoQuatar (or "its ruling family") does own £10bn in properties? https://www.theguardian.com/business/ng-interactive/2022/nov/05/how-qatar-bought-up-britain https://www.theguardian.com/business/ng-interactive/2022/nov...
- twixfel 3y agoYeah that's not that much, certainly not enough to warrant being called a "massively failing economy", otherwise so too was the US a massively failing economy in the 80s when Japan was buying everything up. Total property assets in the UK are worth £8.7 trillion. It says more about Qatar than it does about the UK, other than that the UK is a liberal capitalist democracy.
- qingcharles 3y agoAnd it's quite the turnaround for Qatar in the last 50 years considering how they were once part of the British Empire. The Qataris still have a fascination with British things (e.g. Harrods).
- twixfel 3y agoWell, they have oil.