€1.11/£ - Flash crash my lower rear anatomy

[Paddy]

deja vu

deja vu

UK Devaluation of Sterling 1967 | Economics Help

In 1967, the UK government of Harold Wilson devalued the Pound from $2.80 to $2.40 (a devaluation of 14%).

After the devaluation, there was no economic miracle, growth remained below our competitors, inflation rose and it did not solve the underlying issues in the UK economy.

[NotAllThere]

...Do these poor computers have to read the Daily Mail as well?

It's difficult for them when 99% of the stuff they have to plough through is moaning.

Why would that be? Isn't the DM solidly Brexit?

[GB9]

Why would that be? Isn't the DM solidly Brexit?

Other papers are available.

[NotAllThere]

Other papers are available.

My word. Sofa king...

[_V_]

deja vu

UK Devaluation of Sterling 1967 | Economics Help

Labour govt. Unions. Strikes. Negative productivity.

In a radio and television broadcast this evening, the Prime Minister said devaluation would enable Britain to " break out from the straitjacket" of boom and bust economics.

Gordon Brown school of leftist economics. Therefore totally ****ed.

[Paddy]

Labour govt. Unions. Strikes. Negative productivity.


Gordon Brown school of leftist economics. Therefore totally ****ed.

A lower pound will not necessarily help all exports, the way of manufacturing and business have changed. For example the UK will not be capable of producing a car from start to finish without importing. Companies like Easyjet are already suffering due to the drop in the pound

https://www.ft.com/content/18048862-...a-149ce6d9a982

[tarbera]

Exchange at city airport was offering 1 euro to £1 note last night !!

Trips have suddenly become more expensive

[scooterscot]

Wait until they're charing £1.20 to the €

[DodgyAgent]

deja vu

UK Devaluation of Sterling 1967 | Economics Help

Four ways the UK can take advantage of a weaker pound

The trouble is, past devaluations of sterling have not always led to greater competitiveness.

In the 1960s, they were a cover for higher government spending.

In the 1970s, they were an excuse for an inflationary wage-price spiral that left nobody better off. This time, we should make sure a cheaper pound strengthens our economy.

[d000hg]

Wish I'd paid for my holiday and loaded my € debit card when I booked now!

Also wish we'd pulled the trigger on buying a Scandinavian log cabin (€140k or so) when we were considering it