Had a conference call this Am about UK's announcement. No much money in UK from my end. However, some companies are headquartered there, non are banks. The concern is not about the cuts....everyone agrees its a task that must be taken. The concern is "Civil" unrest as what is going on in France. We shall see.
People shouldnt read to much into these French riots. Remember those race riots in LA? Turns out those where the good days!