Will the pound be dissolved and will we enter the Euro ?

[PM-Junkie]

I wonder what AtWat will have to say once the dust has settled and the pound doubles in value when interest rates level off at 7-8% as a result of labour's binge-borrowing....

[Doggy Styles]

I wonder what AtWat will have to say once the dust has settled and the pound doubles in value when interest rates level off at 7-8% as a result of labour's binge-borrowing....

I think AtW is happiest surrounded by factories, whether they are making money or not. Like a comfort blanket.

And whatever happens to the UK economy, good or bad, he'd be comfortable as long it is the same throughout Europe.

[Francko]

I think AtW is happiest surrounded by factories, whether they are making money or not. Like a comfort blanket.

And whatever happens to the UK economy, good or bad, he'd be comfortable as long it is the same throughout Europe.

You'd have to understand atw psychology. He found pleasure in visualising houseprices falling but yet he had no real gain from this as he wouldn't be able to afford any. He's now finding a lot of pleasure thinking of the pound losing value, although, of course he won't be able to gain anything from this (instead he will just see his little savings shrinking). I just think that he is happy when something or somebody else loses so that he doesn't feel like being the only loser on this planet.

[Cyberman]

Joining the Euro would be tantamount to putting diesel in a petrol car. Having said that, GB has effectively done the same thing with our economy.

Our only hope is a return to good housekeeping, and we have never seen that or will see that under this government.

[BrilloPad]

You'd have to understand atw psychology. He found pleasure in visualising houseprices falling but yet he had no real gain from this as he wouldn't be able to afford any. He's now finding a lot of pleasure thinking of the pound losing value, although, of course he won't be able to gain anything from this (instead he will just see his little savings shrinking). I just think that he is happy when something or somebody else loses so that he doesn't feel like being the only loser on this planet.

I thought he was just a bitter commie who wants to reduce to everyone down to his level? Maybe if he changed his attitude SKA might be a success. If you are envious of others it can be hard to be successful : you might feel guilty when you succeed.

[AtW]

I wonder what AtWat will have to say once the dust has settled and the pound doubles in value when interest rates level off at 7-8% as a result of labour's binge-borrowing....

Do you seriously think that currency will go up automatically if rates are jacked up?

Conservatives won't have balls to increase rates so much anyway.

Since WW2 (or maybe even WW1) UK has been on downwards spiral, and the closer you get to the end the fast it happens and recovery is less likely - in 10 years it will become clear even to idiots who are currently against euro that it was terrible mistake not to join it when UK could do so on its own conditions.

[Doggy Styles]

.. in 10 years it will become clear even to idiots who are currently against euro that it was terrible mistake not to join it when UK could do so on its own conditions.

OK, I'll bite. How would we be better off right now?

[AtW]

How would we be better off right now?

Lower inflation for example.

No currency risks with main trade partner (thats priceless when your currency moves up and down by much) - this includes going for holiday abroad.

Less rip off Britain as prices would be much more transparent without conversion costs.

And what exactly gains UK by not being in euro, setting its own rates, meaning it would not be able to lower rates to jack up the house pricing bubble? That would be a good thing. Might as well have Govt setting rates directly, oh wait they did that until recently? Probably do now despite all that "independence" of BoE.