18-03-2017, 01:39 AM
21
Re: The Sinking £
Originally Posted by Vaniy
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The pound is been kept down at the present by interest ratesLets 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
18-03-2017, 01:42 AM
22
Re: The Sinking £
Originally Posted by swimfeeders
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HiBest 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?
18-03-2017, 12:40 PM
23
Re: The Sinking £
Originally Posted by AnnieS
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I am glad we finally agree wholeheartedly on an economic issue
Yep, good isn't it.
It is my son who is the economist, not me.
I know nothing.
18-03-2017, 07:46 PM
25
Re: The Sinking £
Originally Posted by Older git
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This is a case of -I`m alright Jack`.. I voted to remain but I have quite a bit of my investments in funds that earn dollars or Euros. It`s an ill wind and all that.
18-03-2017, 10:14 PM
26
Re: The Sinking £
HiMy experience is that we do have highly qualified and valuable EU Citizens leaving the UK now because of the fall in the value of the £.
Locally we have a head cheesemaker leaving, 2 Hydraulic Engineers, a Paediatrician and 3 specialist nurses.
The high earners will always follow the money.
Conversely we low earners arriving, simply because they can still earn more here, especially with our low taxation system.
19-03-2017, 04:48 PM
27
Re: The Sinking £
Originally Posted by swimfeeders
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HiMy experience is that we do have highly qualified and valuable EU Citizens leaving the UK now because of the fall in the value of the £.
Locally we have a head cheesemaker leaving, 2 Hydraulic Engineers, a Paediatrician and 3 specialist nurses.
The high earners will always follow the money.
Conversely we low earners arriving, simply because they can still earn more here, especially with our low taxation system.
Meanwhile, the Royal College of Nursing (RCN) said there had been a 92 per cent drop in the number of EU citizens working as nurses – from 1,261 nurses in the month after the referendum to just 96 in December. According to the organisation, 24,000 nursing positions in the NHS were unfilled.
etc etc.
http://www.independent.co.uk/news/uk...-a7637176.html
Talk about shooting yourself in the foot!!
03-04-2017, 03:17 AM
30
Re: The Sinking £
Originally Posted by galty
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America has in 2016 raised its base rates twiceIts expect in by some in 2017 to raise its base rate four times this year.
UK must follow.
PS base rate in the US is over 2%
I disagree.
We have not yet left the EU, there is no guarantee that we will have free trade with with the EU, France in particular is out to punish the UK, along with others.
We need to make the UK a very attractive place to invest.
We need to attract foreign firms to invest here, which means low interest rates and low Corporation Tax.
We will soon be in competition with the EU, we need to flourish.
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