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Pound forecast to tumble on 'insane' spending cuts
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Pound forecast to tumble on 'insane' spending cuts
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
If the dirty spekulant is correct and GBP falls to 1.40 against USD, then it would only be 10% drop, hardly a disaster. -
Originally posted by AtW View PostIf the dirty spekulant is correct and GBP falls to 1.40 against USD, then it would only be 10% drop, hardly a disaster.
I for one think next year is going to be horrendous, and on that basis I am closing the doors on my retail business in the New Year for good and going to do something more profitable instead.What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by swamp View PostThere will be lots of tourists in London though.My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.Comment
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Originally posted by MarillionFan View Postgoing to do something more profitable instead.Comment
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Originally posted by MarillionFan View PostAs the UK imports 99.9999995% of everything it consumes and as everything is purchased in dollars, the knock on effect is huge. Add to it a move 17.5 - 20.0% in VAT on the New Year and the cost of everything, including Thai Tat goes through the roof.
The great irony is that if dollar gets weaker then oil goes up, so petrol prices in UK go up, and if dollars goes stronger then due to weakness in GBP petrol prices go up again (or don't drop), ffs.Comment
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Originally posted by AtW View PostOMFG, prices will go up by 3%, disaster!!! Buy 3% less tat and it's all even.
The great irony is that if dollar gets weaker then oil goes up, so petrol prices in UK go up, and if dollars goes stronger then due to weakness in GBP petrol prices go up again (or don't drop), ffs.
In the last 18 months my supplier costs have gone up between 20-50% on different lines. The same dining table & chairs I was buying 18 months ago for £249 exc vat to sell at £599 inc vat (which I would sell at £499) is now £359 exc vat to retail at £799. Thats based on a US Dollar rate of £1.55. If that changes to £1.40, that table becomes £880. Then add 2.5%, you have a £900 pound dining table and chairs which 18 months ago was £500!!! So people aint gonna buy, businesses will go bust, spiral economics.
There's a large fan over there, it's spinning fast and something large, brown & smelly is heading towards it.What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by TimberWolf View PostSurely the £ and the $ will tumble?
There may some difficult days for the £ again, but at least this country
is tackling it's debt, if we leave it to grow we are just storing up an even
bigger problem for the future.Comment
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