OMG, Approximately @ 08:54 GMT the euro broke through the 0.90105 barrier

[fullyautomatix]

Has the penny dropped ?

Are the brilliant investors of the world realising, albeit a bit slowly, that UK is bust with no real economy ?

It takes 20 billion of borrowing a month to keep the public sector going. While Germany does deals worth 50 billion with Chinese all that the UK can manage is 1 billion.

Half the country is employed in public sector and one can rarely find anyone working in manufacturing.

The "economy" all these years was driven by consumer debt fuelled by credit cards, mortgage equity withdrawal, cheap personal loans, house prices going up by 20% etc. Now that this money has dried up consumers are realising that they are actually poor and have to repay all that cash that they splurged on cheap tat and holidays abroad.

[doodab]

I think you'll find all the cheap white goods are as bad as one another no mater where they are made

Yeah absolutely, but if they aren't actually made in Britain they aren't very good examples of low quality stuff made in Britain.

Hand tools are a better example, although quite possibly most of those are made in China these days as well. Either way, most of the stuff on the shelves on the high street is low quality compared to what you will find in Germany or Japan.

Britain seems to be a country addicted to cheap tulipe. Or even worse, over priced cheap tulipe. All IMO of course.

[alreadypacked]

Ok let's hear what you think is going to happen?

[DimPrawn]

Ok let's hear what you think is going to happen?

No interest rate rise before unemployment falls, says King - Business News, Business - The Independent

[scooterscot]

But compared to the logic of a fool that thinks an entire nations economy should be managed by another country I thought my point was fairly sound.

It would seem you would agree with the logic, in this very thread you admit the majority of your business is in euro's, a managed currency by many not one.

Your the hypocrites hypocrite, I salute yah! Ever thought of becoming a politician?

[doodab]

Ok let's hear what you think is going to happen?

Rates will stay low, there will be some more QE, more strikes, more redundancies, unemployment will skyrocket, the place will grind to a halt, crime and social disorder will increase and anyone with the opportunity to do so will leave the UK. The ones who stay behind will die of some horrible disease.

And all because the UK didn't join the euro when they had the chance.

[gingerjedi]

Yeah absolutely, but if they aren't actually made in Britain they aren't very good examples of low quality stuff made in Britain.

Hand tools are a better example, although quite possibly most of those are made in China these days as well. Either way, most of the stuff on the shelves on the high street is low quality compared to what you will find in Germany or Japan.

Britain seems to be a country addicted to cheap tulipe. Or even worse, over priced cheap tulipe. All IMO of course.

I think the high street caters for what most people can afford which isn't much once the basics have taken 90% of their earnings.

I'm sure most sensible people in the UK do their research before buying tools and white goods don't they?

[DimPrawn]

Rates will stay low, there will be some more QE, more strikes, more redundancies, unemployment will skyrocket, the place will grind to a halt, crime and social disorder will increase and anyone with the opportunity to do so will leave the UK. The ones who stay behind will die of some horrible disease.

And all because the UK didn't join the euro when they had the chance.

If we had joined the Euro, we would be laughing now, as the Germans would be working hard to pay off our debts for us, whilst we swan about down the pub.

[scooterscot]

Bosch aren't what they were because they are now competing on that level, interestingly my 'cheap' Hotpoint dishwasher is a re-badged Bosch from the era when Bosch were good.

My old Hotpoint pwns a new Bosch.

It's amazing what you learn when you research before you buy.

Got a siemens fridge freezer not that long ago, feels like it was cast from a solid lump of iron.

[doodab]

I think the high street caters for what most people can afford which isn't much once the basics have taken 90% of their earnings.

I'm sure most sensible people in the UK do their research before buying tools and white goods don't they?

Probably. But what about the other 95% of the population?