Originally posted by Whorty
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GBP - How low will it go?
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Originally posted by JohntheBike View PostI guess you haven't travelled much in the South Wales valleys then? There are still some places in Wales which cannot receive a TV signal, let alone have access to Broadband.Comment
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Originally posted by JohntheBike View PostI guess you haven't travelled much in the South Wales valleys then? There are still some places in Wales which cannot receive a TV signal, let alone have access to Broadband.
Sent from my ONEPLUS A6000 using Contractor UK Forum mobile app"The boy who cried Sheep"Comment
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Originally posted by JohntheBike View PostThose graphs show the balance of trade surplus/deficit and include revenue from exporting services. So they indicate to me that over the whole period of the UK's membership of the EU, our deficit has grown overall whereas prior to joining the deficit years were only marginal in financial terms. Remember, these are HMG figures. So how do you explain this?
and how do you explain the discrepancy in our gold reserves when compared to other EU countries -
Top 20 Countries With The Largest Gold Reserves, 2019 | CEOWORLD magazine
In fact, given how you have imagined a 29% inflation and how wonderful rationing was, I suspect you’re a 50 something year old Wailer who thinks they fought in the First World War against communists.…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View PostYou’ve provided zero evidence that there is a direct correlation between the UK’s membership of the EU and the UK’s trade deficit.
In fact, given how you have imagined a 29% inflation and how wonderful rationing was, I suspect you’re a 50 something year old Wailer who thinks they fought in the First World War against communists.
OK, I was a few points out, it was 24.2% at it's peak in 1975 -
Historical UK inflation rates and calculator
During the period when inflation started rising rapidly, I was receiving a pay rise every month. Goodness knows how self employed people managed.
I remember the King dying BTW, and that's King George VI, the Queen's father, not ElvisLast edited by JohntheBike; 8 August 2019, 08:50.Comment
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Originally posted by JohntheBike View PostOK, I was a few points out, it was 24.2% at it's peak in 1975 -
Historical UK inflation rates and calculator
During the period when inflation started rising rapidly, I was receiving a pay rise every month. Goodness knows how self employed people managed.
I remember the King dying BTW, and that's King George VI, the Queen's father, not Elvis
Ah, you were only out by 5%.
So was it decimalisation that caused the 24.2% inflation, or was it joining the EU?
Take your pick.…Maybe we ain’t that young anymoreComment
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UK Decimalisation: Feb 1971. Inflation leading up to that:
2.5%
4.7%
5.4%
6.4%
Oh look, it was going up every year.
1971: 9.4%
1972: 7.1%
1973: 9.2%
Now, while you're off trying to recalculate how to blame the EU, can you provide a link to oil prices in the 1970s. Most unbiased sources say that the chief cause of inflation in the 1970s was the rise in oil prices…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View PostAh, you were only out by 5%.
So was it decimalisation that caused the 24.2% inflation, or was it joining the EU?
Take your pick.Comment
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Originally posted by JohntheBike View Postas I've repeatedly said, I believe rightly or wrongly, and please refer to my speed camera analogy, that the inflation caused by decimalisation was part and parcel of the plan to bring our wages and prices in line with those in the EU, in order to overcome any veto to our membership which De Gaulle, or like minded Eurocrats, persisted in. Yes, the oil crisis exacerbated the actual figure, but everyone was subject to that.I'm alright JackComment
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