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The falling pound

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    #11
    Originally posted by milanbenes View Post
    pecker up lad

    good for british exports eh, what does britain export these days?

    Milan.
    Houses?
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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      #12
      Originally posted by Pondlife View Post
      Mine yes.

      1 EUR = 0.8128 GBP

      HTH
      WHS, it's added a good wedge to my daily rate.
      B00med!

      Comment


        #13
        Originally posted by milanbenes View Post
        will it be good for the economy ?

        Milan.
        No as this country is very significantly a net importer it will drive inflationary pressures.

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          #14
          might as well join the EURO, it seems most people in this country want to be deep into the EU anyway. How foolish, Thatcher had the right idea but the tory eurofans and the new labour eurofanatics are reversing her efforts

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            #15
            Originally posted by milanbenes View Post
            will it be good for the economy ?
            I'll be good for me as I bill in US dollars

            Comment


              #16
              Originally posted by contractor79 View Post
              might as well join the EURO, it seems most people in this country want to be deep into the EU anyway. How foolish, Thatcher had the right idea but the tory eurofans and the new labour eurofanatics are reversing her efforts


              We must never join the Euro. Having power over our own interest rates is an economic strength in the long-term. Many states in the Euro have already been considering withdrawal for this reason, Italy and Spain in particular.

              We need an immediate major cut in interest rates and in the Euro we would have our hands tied. However, with our inept/inert government we appear to have our hands tied anyway!!

              Comment


                #17
                Originally posted by milanbenes View Post
                will it be good for the economy ?

                Milan.
                No it wont. My impending holiday will cost me 5% more than it would have done last month. That is money lost to the UK economy.

                hth

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                  #18
                  Originally posted by Gonzo View Post
                  My impending holiday will cost me 5% more than it would have done last month. That is money lost to the UK economy.
                  You should consider that by taking a holiday you cost the economy (via loss of GDP) far more.

                  HTH

                  Comment


                    #19
                    Originally posted by Cyberman View Post
                    We must never join the Euro. Having power over our own interest rates is an economic strength in the long-term. Many states in the Euro have already been considering withdrawal for this reason, Italy and Spain in particular.

                    We need an immediate major cut in interest rates and in the Euro we would have our hands tied. However, with our inept/inert government we appear to have our hands tied anyway!!
                    80% of our laws come from EU. We have little indepenence these days. May as well go the whole way, or as I prefer- get out.

                    Comment


                      #20
                      Originally posted by AtW View Post
                      You should consider that by taking a holiday you cost the economy (via loss of GDP) far more.

                      HTH

                      I've only taken twelve days off so far this year - including bank holidays. I think I am due this one.

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