Re: The Sinking £

Sorry Annie, sometimes one thread morph's into another....

Re: The Sinking £

Nicola Sturgeon seems to be taking over the forum today, but I guess she is ultimately responsible for the sinking pound so not entirely off topic.

Re: The Sinking £

Sorry but did you say that Nicola Sturgeon was responsible for the sinking pound?

Remember what happened to the pound the day after 23 June 2016...

Those irrefutable economic laws are bound to come back and kick you in the backside regardless of the refusal of Leavers to acknowledge that they too are powerless to do anything about them.

Just the first step in realising the national calamity that is Brexit.

When international investors see that the pound isn't worth much they will pull out of the UK. why work harder to raise the same amount of convertible money ?

Major corporations have other production sites all over the world. Easy enough to shut up shop in the UK.

Re: The Sinking £

The pound will always suffer in times of uncertainty Flicker but stability always returns once the markets see where things are going.

Why shut up shop to a potential market of over 60 million people, only a fool would do that.
Toyota have just announced a massive investment in their Derby plant. They obviously have the confidence in the British people to survive. I might even return the favour by purchasing a Toyota vehicle....

And Siemens [A German Company] are continuing to expand and invest in their Wind Turbine business near Hull.

Re: The Sinking £

There is still at least two years to go OGF. No company is going to stop producing for two years.

Closing or shrinking a company however takes a few months. I hope Mayhem will remember how many jobs are at stake allied to the single market.

Re: The Sinking £

Business is business Flicker, large companies are there to make money for the investors, end of. They make their own rules at the end of the day....Or grease someone's palm in the heart of Brussels...After all, the EU is only interested in it's own survival.

Re: The Sinking £

I know some Eastern Europeans are leaving, sadly it's nothing to do with earning potential they are really feeling not wanted and a bit fearful of it getting worse. I know a few while I've never agreed with Eu it's never occurred to me to treat them any different to anyone else because they were simply obeying all the laws. Not their fault at all but some people like to apportion blame to them personally and some nasty things have been said


But back to the pound, we all knew it may be bumpy if our government had any compassion they would stop the austerity measures and protect the poorest. I am not holding my breath on that one but have upped our support of food bank locally and encourage anyone with a bit to spare to do likewise, especially needed sanitary protection and razors I'm told at the moment.

Re: The Sinking £

The pound is been kept down at the present by interest rates
Lets get back to the late 70's interest rates at 12% then we were making money
The banks cant go on with these silly rates they cannot make money and therefore they can't lend

just to get them back to 5% would be a start then all the investors would return

Re: The Sinking £

Hi

Best laugh I have had in years.

We would be bankrupt within a year.

We are effectively borrowing for less than 0.5 % even taking into account the falling £.

http://www.independent.co.uk/news/bu...-a7135066.html

Raising interest rates to 5% would result in our borrowing costs going up from £41 billion a year to over £410 billion a year.

Economic suicide and massive tax increases.

Why would any Company come here and pay 10 times to build a factory then it would cost them to do so in Japan or Germany?

Re: The Sinking £

Good prediction, you should be an economist, they're always wrong too.