Is the recession only in the US?

[expat]

- pound has dropped in value by a large percentage
So what. How does this affect the daily life of Joe public who lives and works in the UK.
-- again the island mentality. Unfortunately, you don't live in an island economy, you need to import goods. Goods that will make your life much more expensive and reduce your income.

Especially from being in the EU but not using the Euro.

The UK needs to be either in or out: either would be good. Being subject to EU rules and especially agriculture policy while having a different currency and different habits (e.g. a propensity to import from outside the EU) is bound to be costly. The net effect is rather like being told that you can eat French lamb or New Zealand lamb, but you will pay French farmers for their lamb regardless of your choice.

[Doggy Styles]

"pound has dropped in value by a large percentage"

So what. How does this affect the daily life of Joe public who lives and works in the UK.

It's fecking up Gordon Brown's attempts to borrow and provide all those handouts he's promised over the past few days.

[Francko]

However it looks like is just a matter of time until this recession fully hits the rest of eurozone. History in the last 100 years has been pretty boring.

It first happens in the US, then in the UK, then in the rest of Europe and then in the rest of the world.

You can apply this to all aspects of life.

Threaded time-machine is useless. You just go to the US and then come back and you know how everything will be...

[ace00]

... History in the last 100 years has been pretty boring....
:

Yeah, dull as dish water. 1908 - 2008 <Yawn>...

[Doggy Styles]

Since this thread started we've had two members lose contracts in Germany and one in Belgium.

It sounds like a cold wind is sweeping across Europe...