The Euro

IWANT1 · Post by **IWANT1** » Wed Dec 31, 2008 8:59 am

That lap ticket next year will be bloody expensive.

BEN H · Post by **BEN H** » Wed Dec 31, 2008 9:08 am

IWANT1 wrote:That lap ticket next year will be bloody expensive.

and the frankfurter chips and curry sauce

ScoobieWRX · Post by **ScoobieWRX** » Wed Dec 31, 2008 9:59 am

Gerry H · Post by **Gerry H** » Wed Dec 31, 2008 10:56 am

We get plenty of tourists. Trouble is most of them don't go home again!

RX7 · Post by **RX7** » Wed Dec 31, 2008 11:12 am

Gerry H wrote:We get plenty of tourists. Trouble is most of them don't go home again!

:lol: well said.

ginger ninja · Post by **ginger ninja** » Wed Dec 31, 2008 11:34 am

I was told the week before x,mas by a friend of a friend who works at the Royal Mint that they have printed enough British Euro's to go in to curculation at any time

So may not be too long before the last British thing has gone :x

BentMetal · Post by **BentMetal** » Wed Dec 31, 2008 10:15 pm

Don't want to be a doom-monger, but I don't think the pound/euro has bottomed out yet.

You see, the reason the rate is so low at the moment is primarily to do with the fact that foreign investors are not investing their money in the UK and are actually taking money out of the economy. This is because they view our economy as risky and unstable and this is due to the huge national debt mountain we have built up over the past few years. Not only that but the government are threatening to borrow even more and foreign investors regard this as unwise and unsustainable.

So, until the economic policy of this country changes, the pound will remain weak against foreign currencies.

That's my view anyway.

Gerry H · Post by **Gerry H** » Wed Dec 31, 2008 11:02 pm

Financial crises are part and parcel of a Labour Govt. The pound was devalued when Jim Callaghan was PM and he took over from Harold Wilson, who retired. Similar scenario or what?

Rob S · Post by **Rob S** » Thu Jan 01, 2009 8:14 am

Who? PMSL!

I remember Maggie, but no-one further back than that.
I think we all know the root of these troubles, as a nation we don't sell enough outside the country, we don't use enough of our own produce and we have too many civil servants (yes I appreciate the irony as one myself) who take a good wage and pension whilst producing no fiscal benefit. If w can't be seen by the rest of the world as credible business risk, they won't want either our currency or invest in us.
I too think this will level off/ improve slightly in Spring, but then I am not that sentimental about the pound anyway. As long as the numbers allow me to have the same standard of lifestyle, I'll concern myself with things I can control (And on last attempts, that does not include Stu's Golf on sighting laps at Snetterton :lol: )
What a cheerful way to start 2009!