Pound In Record Low Against The Euro

[mr chris]

http://news.bbc.co.uk/2/hi/business/7777448.stm

Still not enough for me to ever think about getting a posting back to the UK.
Means my wage wont go as far. But im sure my overseas allowance will go up to make up the shortfall.

[goldorak]

http://news.bbc.co.uk/2/hi/business/7777448.stm

Still not enough for me to ever think about getting a posting back to the UK.
Means my wage wont go as far. But im sure my overseas allowance will go up to make up the shortfall.

This is excellent new for those continental europeans that shop on amazon.co.uk. :cool: 200 € for a retail vista ultimate is :up: too bad the os is poop.

[XabbaRus]

Some say the pound was overvalued anyway. These things go up and down so I'm not to concerned. The euro has been edging for some time now.

[subchaser12]

I heard the British might be ditching the pound and taking up the Euro. Any truth to that? I can't remember where I got that, NPR maybe.

[mr chris]

I very much doubt that would happen in the current economic climate.

[Letum]

I heard the British might be ditching the pound and taking up the Euro. Any truth to that? I can't remember where I got that, NPR maybe.
No strong evidence at the moment.

Iceland is considering joining the EU as a result of the financial crisis tho and N.Ireland is expected to turn towards the EU more after the next Lisbon Treaty referendum.

[bookworm_020]

I heard the British might be ditching the pound and taking up the Euro. Any truth to that? I can't remember where I got that, NPR maybe.

From what I've heard and read, there is very little support for that to happen in the UK, as it would reduce the ability to react to any finanical problems they are unique to the UK and not the rest of the Euro zone.

[XabbaRus]

Ti is something that has been murmered in certain circles but know it won't happen. Not yet anyway.

[Jimbuna]

I heard the British might be ditching the pound and taking up the Euro. Any truth to that? I can't remember where I got that, NPR maybe.

Too much suspicion currently regarding the EU amongst the british electorate for any government to gamble on.

[XabbaRus]

At the moment though who knows what the Fuhrer Brown will decide.

The thing is haveing the pound even a weak one gives us independence.

The euro thing when setting rates doesn't account for those countries whose economies are doing well while others are not. The ECB sets the rate based on an average so it can sting certain countries.

[Jimbuna]

I agree....and am definitely a subscriber to the 'Britain is an island race' lobby.

[goldorak]

I agree....and am definitely a subscriber to the 'Britain is an island race' lobby.

Lets see, in the seventies Britain and the pound were saved by the IMF otherwise it would have gone into default. What makes you think that such a situation won't ever happen again ? And do you honestly believe that the IMF would come to your rescue again ? :roll:
Just accept the fact that you are part of the EU and ditch the pound. It serves you no good.

[XabbaRus]

How can you say that?

[goldorak]

How can you say that?

Look at the pouding the pound is taking (no pun intended).
And I don't think it will stop, it will plunge even more. What I've never understood on the other hand is why you english hate so much europe and don't want to participate in european affairs, but when you receive european funds all is good and dandy eh ? :-?
If you don't want to be part of europe its ok, but don't stay with one foot in and one foot out.
De Gaulle was so right about the english and why he oposed so strenously their entry into the EEC. Leave them to themselves.

[XabbaRus]

Part of the reason why is because the way the euro commission just wants to impose something which we have no say as to whether we want it or not.

Also it seems very much a one policiy fits all situation. The ECB sets rates on the economy as a whole and you can get some countries in the EU which are doing really well but get hit when ECB makes a change in fiscal policy because maybe the rest aren't doing so well.

You might say that is the same in the UK with some regions preforming better than others but europ is a bit more complicated that that.

I have no problem with Europe as a trading bloc with harmonised technical standards etc to make it easier to sell a product across Europe but the whole thing is getting too political and going as far as wanting to be able to dictate the tax rates set by individual governments.

[XabbaRus]

De Gaulle...hmm he was a **** IMHO. He had a grudge against the UK from the war.

[goldorak]

P

I have no problem with Europe as a trading bloc with harmonised technical standards etc to make it easier to sell a product across Europe but the whole thing is getting too political and going as far as wanting to be able to dictate the tax rates set by individual governments.


You're kidding right ? There are a certain number of issue were the european commission has no say over the national bodies. One of those issues is tax rates.
How come we in italy have 20% VAT, you on the contrary have 17.5%, the germans had 16% and decided to increase it to 19 or 20%.(without the uintervention of the european commission). The spanish have a different VAT and so on. Another issue where the EC has no say is over defense and school policies.
So lets stop pretending thast the EU is some kind of gigantic dictatorship that will engulf all of the european nation states.

[XabbaRus]

Maybe but they are pushing to get more involved in setting tax rates.

[Jimbuna]

I agree....and am definitely a subscriber to the 'Britain is an island race' lobby.

Lets see, in the seventies Britain and the pound were saved by the IMF otherwise it would have gone into default. What makes you think that such a situation won't ever happen again ? And do you honestly believe that the IMF would come to your rescue again ? :roll:
Just accept the fact that you are part of the EU and ditch the pound. It serves you no good.

Oh please.......Italy with it's past financial dilemnas is probably the last country in Europe to preach about fiscal policy to any other European nation.

How often have the Italian government needed assistance to sort out spiralling inflation levels....levels that I doubt have ever been matched in Europe since the last war.

In fact, when is the last time an Italian government remained in power long enough to sort out financial corruption and internal affairs.

Britain is an island, always will be.....I'm sure trade between us and mainland Europe will carry on regardless of EU affiliatein....simply because it is beneficial to both parties.

As for De Gaulle.....he obviously suffered from problems with memory retention.

[mr chris]

I agree....and am definitely a subscriber to the 'Britain is an island race' lobby.
Lets see, in the seventies Britain and the pound were saved by the IMF otherwise it would have gone into default. What makes you think that such a situation won't ever happen again ? And do you honestly believe that the IMF would come to your rescue again ? :roll:
Just accept the fact that you are part of the EU and ditch the pound. It serves you no good.
Oh please.......Italy with it's past financial dilemnas is probably the last country in Europe to preach about fiscal policy to any other European nation.

How often have the Italian government needed assistance to sort out spiralling inflation levels....levels that I doubt have ever been matched in Europe since the last war.

In fact, when is the last time an Italian government remained in power long enough to sort out financial corruption and internal affairs.

Britain is an island, always will be.....I'm sure trade between us and mainland Europe will carry on regardless of EU affiliatein....simply because it is beneficial to both parties.

As for De Gaulle.....he obviously suffered from problems with memory retention.

Could not have put it better myself Jim.

[XabbaRus]

OH and as for De Gualle blocking the UK's entry into the EEC beause he thought there was not the political will and they would obstruct things, well there was more to it than that...personal issues.

The one thing I will say in De Gualles favour and that is he wouldn't like the way the EU is heading towards a federalist state as he was vehemently against that.

Oh and one more thing.

Italy has a crook of a PM who has used parliament to block and quash trials of his business deals, your state airline has failed. I can't remember when but I'm sure Fiat had to be bailed out too.

Out politicians may not be lilly white but Berlusconi is more like a Russian politician than those in the rest of western europe....