FabSwingers.com > Forums > Politics > The pound is dropping its value.
The pound is dropping its value.
Jump to: Newest in thread
 |
By (user no longer on site) OP
over a year ago
|
The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?  |
Reply privately, Reply in forum +quote
or View forums list | |
"Someone, somewhere, will be manipulating something, to fill their boots. "
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge. |
Reply privately, Reply in forum +quote
or View forums list | |
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge. "
More like the market taking note of the clusterf*ck that is Brexit. |
Reply privately, Reply in forum +quote
or View forums list | |
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
|
Reply privately, Reply in forum +quote
or View forums list | |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
"
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *abioMan
over a year ago
Newcastle and Gateshead |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal. "
how would you know centy? did you not say you hadn't read any of the EU technical notices of one of the other threads?  |
Reply privately, Reply in forum +quote
or View forums list | |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal.
how would you know centy? did you not say you hadn't read any of the EU technical notices of one of the other threads? "
It's been reported in the news Fabio, and these are not the EU plans which were made public you like to refer to. These are some secret EU Commission no deal plans that were leaked over the bank holiday. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *abioMan
over a year ago
Newcastle and Gateshead |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal.
how would you know centy? did you not say you hadn't read any of the EU technical notices of one of the other threads?
It's been reported in the news Fabio, and these are not the EU plans which were made public you like to refer to. These are some secret EU Commission no deal plans that were leaked over the bank holiday. "
you mean the one that only the daily express are report... the "associate membership with a free trade deal"....
you know the one that violates the EU red line that they announced the very day after article 50 was envoked....
that one you mean......... |
Reply privately, Reply in forum +quote
or View forums list | |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal.
how would you know centy? did you not say you hadn't read any of the EU technical notices of one of the other threads?
It's been reported in the news Fabio, and these are not the EU plans which were made public you like to refer to. These are some secret EU Commission no deal plans that were leaked over the bank holiday. "
The only reference I can find to these so called secret EU no deal plans is in The Express. It doesn't provide any source for this leak and, when you read it closely, it doesn't actually say anything about what is in the leaked documents, other than that it's similar to what's in the UK documents.
It's really quite simple.
If we have a no deal BREXIT then we have no deal with the EU on anything, including planes, trains, automobiles, drugs and food.
If we have an agreement to accept current EU standards on any or everything and that's reciprocated by the EU that's a deal, not a no deal. It's seems like even you and The Express are finally realising that there has to be some sort of deal to avoid total disaster.
You can not have a no deal deal. |
Reply privately, Reply in forum +quote
or View forums list | |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal.
how would you know centy? did you not say you hadn't read any of the EU technical notices of one of the other threads?
It's been reported in the news Fabio, and these are not the EU plans which were made public you like to refer to. These are some secret EU Commission no deal plans that were leaked over the bank holiday.
you mean the one that only the daily express are report... the "associate membership with a free trade deal"....
you know the one that violates the EU red line that they announced the very day after article 50 was envoked....
that one you mean......... "
It was reported on Sky news last night, that's when I first heard about it. Not only in the Express today either as I also believe it was reported in The Sun. The EU Commission have had secret no deal plans drawn up that are remarkably similar to the Uk's no deal plans, that trade will continue to flow and border checks will be waved through with a nod and a wink. The EU don't want 20 mile queues of traffic backing up into France from ports like Calais anymore than the UK wants it backing up in Dover. The EU 'official' position that you're been parroting on here for months has now been exposed as nothing more than hot air, bluff and bluster. |
Reply privately, Reply in forum +quote
or View forums list | |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal.
how would you know centy? did you not say you hadn't read any of the EU technical notices of one of the other threads?
It's been reported in the news Fabio, and these are not the EU plans which were made public you like to refer to. These are some secret EU Commission no deal plans that were leaked over the bank holiday.
you mean the one that only the daily express are report... the "associate membership with a free trade deal"....
you know the one that violates the EU red line that they announced the very day after article 50 was envoked....
that one you mean.........
It was reported on Sky news last night, that's when I first heard about it. Not only in the Express today either as I also believe it was reported in The Sun. The EU Commission have had secret no deal plans drawn up that are remarkably similar to the Uk's no deal plans, that trade will continue to flow and border checks will be waved through with a nod and a wink. The EU don't want 20 mile queues of traffic backing up into France from ports like Calais anymore than the UK wants it backing up in Dover. The EU 'official' position that you're been parroting on here for months has now been exposed as nothing more than hot air, bluff and bluster. "
This is nonsense on so many levels. |
Reply privately, Reply in forum +quote
or View forums list | |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal.
how would you know centy? did you not say you hadn't read any of the EU technical notices of one of the other threads?
It's been reported in the news Fabio, and these are not the EU plans which were made public you like to refer to. These are some secret EU Commission no deal plans that were leaked over the bank holiday.
you mean the one that only the daily express are report... the "associate membership with a free trade deal"....
you know the one that violates the EU red line that they announced the very day after article 50 was envoked....
that one you mean.........
It was reported on Sky news last night, that's when I first heard about it. Not only in the Express today either as I also believe it was reported in The Sun. The EU Commission have had secret no deal plans drawn up that are remarkably similar to the Uk's no deal plans, that trade will continue to flow and border checks will be waved through with a nod and a wink. The EU don't want 20 mile queues of traffic backing up into France from ports like Calais anymore than the UK wants it backing up in Dover. The EU 'official' position that you're been parroting on here for months has now been exposed as nothing more than hot air, bluff and bluster. "
I'm totally confused now Centy. Are you saying there is going to be a deal on reciprocal trade or that there isn't?
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"Dealers playing games it is crazy
Then again expect to see UK exports and the FTSE 100 boosted more along with the UK tourism industry.  "
UK exports increase. Import costs rise so profit margins fall and the cost of living rises.
The FTSE 100 rises because it is very heavily made up of countries that make their money OUTSIDE the UK.
Tourism will rise, so more work for immigrants who make up the bulk of hotel and catering staff... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal.
how would you know centy? did you not say you hadn't read any of the EU technical notices of one of the other threads?
It's been reported in the news Fabio, and these are not the EU plans which were made public you like to refer to. These are some secret EU Commission no deal plans that were leaked over the bank holiday.
you mean the one that only the daily express are report... the "associate membership with a free trade deal"....
you know the one that violates the EU red line that they announced the very day after article 50 was envoked....
that one you mean.........
It was reported on Sky news last night, that's when I first heard about it. Not only in the Express today either as I also believe it was reported in The Sun. The EU Commission have had secret no deal plans drawn up that are remarkably similar to the Uk's no deal plans, that trade will continue to flow and border checks will be waved through with a nod and a wink. The EU don't want 20 mile queues of traffic backing up into France from ports like Calais anymore than the UK wants it backing up in Dover. The EU 'official' position that you're been parroting on here for months has now been exposed as nothing more than hot air, bluff and bluster. "
You're saying that both the UK and EU will break the WTO rules by removing tariffs between two parties without a trade deal? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge. "
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *oi_LucyCouple
over a year ago
Barbados |
"
Maybe they found this extract from a report hidden away on the Leave.Aliance (Global Britain) web site
One can say, unequivocally, that the UK could not survive as a trading nation
by relying on the WTO Option. It would be an unmitigated disaster, and no Responsible government would allow it.
Maybe when they see the EU Commissions secret (now leaked) No deal plans are remarkably similar to the Uk's they will realise that the idea of chaos happening on both sides is nonsense. The EU Commissions leaked no deal plans show trade will continue to flow in the event of no deal.
how would you know centy? did you not say you hadn't read any of the EU technical notices of one of the other threads?
It's been reported in the news Fabio, and these are not the EU plans which were made public you like to refer to. These are some secret EU Commission no deal plans that were leaked over the bank holiday.
you mean the one that only the daily express are report... the "associate membership with a free trade deal"....
you know the one that violates the EU red line that they announced the very day after article 50 was envoked....
that one you mean.........
It was reported on Sky news last night, that's when I first heard about it. Not only in the Express today either as I also believe it was reported in The Sun. The EU Commission have had secret no deal plans drawn up that are remarkably similar to the Uk's no deal plans, that trade will continue to flow and border checks will be waved through with a nod and a wink. The EU don't want 20 mile queues of traffic backing up into France from ports like Calais anymore than the UK wants it backing up in Dover. The EU 'official' position that you're been parroting on here for months has now been exposed as nothing more than hot air, bluff and bluster.
You're saying that both the UK and EU will break the WTO rules by removing tariffs between two parties without a trade deal?"
Interesting point... I wonder what exactly constitutes a ‘trade deal’ to the WTO. I mean (hypothetically) if May and Barnier scribble ‘no tariffs’ on a napkin and both sign it, would that constitute one?
Of course Moggies wouldn’t what that, as it constitutes a deal.
-Matt |
Reply privately, Reply in forum +quote
or View forums list | |
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune! "
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge. "
George Soros (international Zionist conspirator) also thinks that the Euro was not set up to function in a sensible way.
Tough one for you. Do you agree with George Soros?
Are you also saying that nobody anywhere should make business decisions on the basis that the UK government may be doing the wrong thing? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune!
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now. "
The ERM and the Euro would be good for business. Not necessarily for individuals or the country. We didn't join though, did we? A sovereign UK decision.
Will UK courts have sovereignty in WTO trade disputes?
We know what the CBI motivation is though.
Who funds Migration watch? What's their motivation? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"everything is going to be fine
after all a load of multi millionaires with their holdings overseas have told us so"
Not just their holdings. Some have moved overseas since the referendum  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune!
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now. "
But who took us in? If someone tells you to put your hand in the fire - would you? The fault with 90% of the UK lies with respective government's for decades. They made bad decisions and we are picking up the bill now. Hindsight is a wonderful thing - I wonder what they will think 30 years from now - when most of us are dead! |
Reply privately, Reply in forum +quote
or View forums list | |
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune!
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now.
But who took us in? If someone tells you to put your hand in the fire - would you? The fault with 90% of the UK lies with respective government's for decades. They made bad decisions and we are picking up the bill now. Hindsight is a wonderful thing - I wonder what they will think 30 years from now - when most of us are dead!"
It just shows that the CBI has really poor judgement. They wanted us to go into the ERM and the Euro. The ERM turned out to be a bad move for the UK and joining the Euro would've been a bad move for the UK. Now the CBI want us to stay in the EU, on the CBI's track record, another bad move. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ostafunMan
over a year ago
near ipswich |
"It is not good news for those living in the eu and got money in a uk bank, should the cash out or not? Thats the question before it gets any lower?"
no it's not but that's life however if you are in the UK buy British goods help our productivity and save some money.
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune!
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now.
But who took us in? If someone tells you to put your hand in the fire - would you? The fault with 90% of the UK lies with respective government's for decades. They made bad decisions and we are picking up the bill now. Hindsight is a wonderful thing - I wonder what they will think 30 years from now - when most of us are dead!
It just shows that the CBI has really poor judgement. They wanted us to go into the ERM and the Euro. The ERM turned out to be a bad move for the UK and joining the Euro would've been a bad move for the UK. Now the CBI want us to stay in the EU, on the CBI's track record, another bad move."
If we had joined the Euro we would have got 1.70€ to the pound today it's less than 1.10€ - whose the fool? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune!
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now.
But who took us in? If someone tells you to put your hand in the fire - would you? The fault with 90% of the UK lies with respective government's for decades. They made bad decisions and we are picking up the bill now. Hindsight is a wonderful thing - I wonder what they will think 30 years from now - when most of us are dead!
It just shows that the CBI has really poor judgement. They wanted us to go into the ERM and the Euro. The ERM turned out to be a bad move for the UK and joining the Euro would've been a bad move for the UK. Now the CBI want us to stay in the EU, on the CBI's track record, another bad move."
It's easier just to cut and paste from earlier in the thread 
The ERM and the Euro would be good for business. Zero currency risk and leading to vastly superior cost and revenue predictability with no need to plan for financial hedging. Not necessarily good for individuals or the country. We didn't join though, did we? A sovereign UK decision.
Will UK courts have sovereignty in WTO trade disputes?
We know what the CBI motivation is though.
Who funds Migration watch? What's their motivation? |
Reply privately, Reply in forum +quote
or View forums list | |
" Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now."
Wonder who was director general at the launch of the €? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge. "
You might as well have just gone and said (((((((jews)))))) |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *abioMan
over a year ago
Newcastle and Gateshead |
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
You might as well have just gone and said (((((((jews))))))"
I sooooo want to say something but i know it will get me 48hrs......
needless to say all i will say is "form" and leave it at that.....
would that be subtle enough........  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
" Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now.
Wonder who was director general at the launch of the €? "
Ask centaur! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"It is not good news for those living in the eu and got money in a uk bank, should the cash out or not? Thats the question before it gets any lower?no it's not but that's life however if you are in the UK buy British goods help our productivity and save some money."
Like TVs and clothes? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *abioMan
over a year ago
Newcastle and Gateshead |
"It is not good news for those living in the eu and got money in a uk bank, should the cash out or not? Thats the question before it gets any lower?no it's not but that's life however if you are in the UK buy British goods help our productivity and save some money.
Like TVs and clothes?"
oooh and all them cookers, and washing machines, and mobile phones, and computers
|
Reply privately, Reply in forum +quote
or View forums list | |
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune!
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now.
But who took us in? If someone tells you to put your hand in the fire - would you? The fault with 90% of the UK lies with respective government's for decades. They made bad decisions and we are picking up the bill now. Hindsight is a wonderful thing - I wonder what they will think 30 years from now - when most of us are dead!
It just shows that the CBI has really poor judgement. They wanted us to go into the ERM and the Euro. The ERM turned out to be a bad move for the UK and joining the Euro would've been a bad move for the UK. Now the CBI want us to stay in the EU, on the CBI's track record, another bad move.
If we had joined the Euro we would have got 1.70€ to the pound today it's less than 1.10€ - whose the fool?"
Just keep in mind what former governor of the bank of England Mervyn King said when he said "the Euro is doomed to failure". The Eurozone debt crisis has not gone away, Italian banks are still in a very precarious position so I wouldn't be too smug if I were you. When the Euro goes pop (and I think it inevitably will), the current drop in the value of the pound will look like a walk in the park compared to what happens to the Euro. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune!
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now.
But who took us in? If someone tells you to put your hand in the fire - would you? The fault with 90% of the UK lies with respective government's for decades. They made bad decisions and we are picking up the bill now. Hindsight is a wonderful thing - I wonder what they will think 30 years from now - when most of us are dead!
It just shows that the CBI has really poor judgement. They wanted us to go into the ERM and the Euro. The ERM turned out to be a bad move for the UK and joining the Euro would've been a bad move for the UK. Now the CBI want us to stay in the EU, on the CBI's track record, another bad move.
If we had joined the Euro we would have got 1.70€ to the pound today it's less than 1.10€ - whose the fool?
Just keep in mind what former governor of the bank of England Mervyn King said when he said "the Euro is doomed to failure". The Eurozone debt crisis has not gone away, Italian banks are still in a very precarious position so I wouldn't be too smug if I were you. When the Euro goes pop (and I think it inevitably will), the current drop in the value of the pound will look like a walk in the park compared to what happens to the Euro. "
Ah so now you are acknowledging the pound is falling in value - a major concession from you indeed. You often cite prominent leavers - Lamont who fucked the country good and proper - lost us a fortune by getting the exchange rate wrong! As for King the govenor at the time of the crash. How much did he cost the country? RBS for one - we should have let it fail - like the Americans did with Lehman Bros. We are still paying for it. King as govenor of the bank regulated the banks and look at the mess - no regulation! Finally did you not say Italy was next to leave - then you have just stated in this thread exactly why Italy cannot leave! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune!
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now.
But who took us in? If someone tells you to put your hand in the fire - would you? The fault with 90% of the UK lies with respective government's for decades. They made bad decisions and we are picking up the bill now. Hindsight is a wonderful thing - I wonder what they will think 30 years from now - when most of us are dead!
It just shows that the CBI has really poor judgement. They wanted us to go into the ERM and the Euro. The ERM turned out to be a bad move for the UK and joining the Euro would've been a bad move for the UK. Now the CBI want us to stay in the EU, on the CBI's track record, another bad move.
If we had joined the Euro we would have got 1.70€ to the pound today it's less than 1.10€ - whose the fool?
Just keep in mind what former governor of the bank of England Mervyn King said when he said "the Euro is doomed to failure". The Eurozone debt crisis has not gone away, Italian banks are still in a very precarious position so I wouldn't be too smug if I were you. When the Euro goes pop (and I think it inevitably will), the current drop in the value of the pound will look like a walk in the park compared to what happens to the Euro. "
Do you spend your life searching for people who don't like the EU so you can quote them on here?
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Someone, somewhere, will be manipulating something, to fill their boots.
Probably George Soros, he does after all have history on playing UK markets betting against the pound and the Bank of England in 1992 for his own profit in what became known as Black Wednesday. He is also a remainer/EU stooge.
Or maybe he just took advantage of a bunch of stupid conservative politicians - chancellor Lamont (leaver) - got it wrong set the rate too high for the £/ERM - Just goes to show politics can get it wrong and cost the country a fortune!
Who was it that wanted us to join the ERM? Oh yeah, it was the CBI, the same group who wanted us to join the Euro and the same group who want us to stay in the EU now.
But who took us in? If someone tells you to put your hand in the fire - would you? The fault with 90% of the UK lies with respective government's for decades. They made bad decisions and we are picking up the bill now. Hindsight is a wonderful thing - I wonder what they will think 30 years from now - when most of us are dead!
It just shows that the CBI has really poor judgement. They wanted us to go into the ERM and the Euro. The ERM turned out to be a bad move for the UK and joining the Euro would've been a bad move for the UK. Now the CBI want us to stay in the EU, on the CBI's track record, another bad move.
If we had joined the Euro we would have got 1.70€ to the pound today it's less than 1.10€ - whose the fool?
Just keep in mind what former governor of the bank of England Mervyn King said when he said "the Euro is doomed to failure". The Eurozone debt crisis has not gone away, Italian banks are still in a very precarious position so I wouldn't be too smug if I were you. When the Euro goes pop (and I think it inevitably will), the current drop in the value of the pound will look like a walk in the park compared to what happens to the Euro.
Do you spend your life searching for people who don't like the EU so you can quote them on here?
"
Was king anti EU. Or anti euro? Trying to search back to pre brexit news sources the interview I read had him as appearing more as an observer than being on either side of the EU fence. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
Apparently, Mervyn King former Governor of the BoE also encouraged uncontrolled immigration from Eastern Europe.
https://amp.theguardian.com/uk-news/2017/nov/24/former-bank-governor-encouraged-eastern-european-immigration
“King pressed the case to open the labour market without transition on the grounds that it would help lower wage growth and inflation, address supply bottlenecks in a fast-growing pre-financial crisis economy, and help keep interest rates low,”
Your opinion Centaur? |
Reply privately, Reply in forum +quote
or View forums list | |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low? "
Seems you were a bit too hasty posting this thread OP, as yesterday the value of the pound shot up against the US dollar by 1.3 cents, it's biggest rise for 3 weeks
I don't see you jumping to post a new thread about the pound rising though, lol.
This also came as the news the UK's entire net national worth grew 5.1% last year, to reach £10.2 trillion and UK growth continues to be higher than the Eurozone. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
Seems you were a bit too hasty posting this thread OP, as yesterday the value of the pound shot up against the US dollar by 1.3 cents, it's biggest rise for 3 weeks
I don't see you jumping to post a new thread about the pound rising though, lol.
This also came as the news the UK's entire net national worth grew 5.1% last year, to reach £10.2 trillion and UK growth continues to be higher than the Eurozone. "
You are struggling with economics again.
Currency fluctuations can occur bilaterally because of the actions of one of the two parties. So a change against the Dollar does not necessarily indicate a positive sentiment towards the UK.
The general sustained fall in the pound against all currencies indicate a lack of confidence in the market. It has both positive and negative consequences but it is not a problem of success.
I don't know what you mean by national worth.
I assume that you mean that includes value of assets.
The FTSE is performing very well because it is dominated by international companies that earn the majority of their money OUTSIDE the UK. With a weaker currency these profits look bigger due to the change in the exchange rate but does not reflect any change in performance.
Don't blindly quote numbers if you don't understand them. |
Reply privately, Reply in forum +quote
or View forums list | |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
Seems you were a bit too hasty posting this thread OP, as yesterday the value of the pound shot up against the US dollar by 1.3 cents, it's biggest rise for 3 weeks
I don't see you jumping to post a new thread about the pound rising though, lol.
This also came as the news the UK's entire net national worth grew 5.1% last year, to reach £10.2 trillion and UK growth continues to be higher than the Eurozone.
You are struggling with economics again.
Currency fluctuations can occur bilaterally because of the actions of one of the two parties. So a change against the Dollar does not necessarily indicate a positive sentiment towards the UK.
The general sustained fall in the pound against all currencies indicate a lack of confidence in the market. It has both positive and negative consequences but it is not a problem of success.
I don't know what you mean by national worth.
I assume that you mean that includes value of assets.
The FTSE is performing very well because it is dominated by international companies that earn the majority of their money OUTSIDE the UK. With a weaker currency these profits look bigger due to the change in the exchange rate but does not reflect any change in performance.
Don't blindly quote numbers if you don't understand them."
It appears you know very little about international markets and how they work. The US dollar is the most commonly used currency to compare the performance of other currencies against and as I said the value of the pound shot up against the US dollar yesterday. The pound pushed above the US $1.30 mark for the first time in over 3 weeks.
The UK's national worth is also know as the Uk's total price tag. It is based on the value of land, housing, machinery, and financial assets so is not only to do with the FTSE 100 as you suggested. The UK's total price tag rocketed by 5.1% last year to reach a total of £10.2 trillion.
As I also said UK economic growth also continues to outperform that of the Eurozone.
You can try to put a negative spin on it all you like but you can't change those facts. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
Seems you were a bit too hasty posting this thread OP, as yesterday the value of the pound shot up against the US dollar by 1.3 cents, it's biggest rise for 3 weeks
I don't see you jumping to post a new thread about the pound rising though, lol.
This also came as the news the UK's entire net national worth grew 5.1% last year, to reach £10.2 trillion and UK growth continues to be higher than the Eurozone.
You are struggling with economics again.
Currency fluctuations can occur bilaterally because of the actions of one of the two parties. So a change against the Dollar does not necessarily indicate a positive sentiment towards the UK.
The general sustained fall in the pound against all currencies indicate a lack of confidence in the market. It has both positive and negative consequences but it is not a problem of success.
I don't know what you mean by national worth.
I assume that you mean that includes value of assets.
The FTSE is performing very well because it is dominated by international companies that earn the majority of their money OUTSIDE the UK. With a weaker currency these profits look bigger due to the change in the exchange rate but does not reflect any change in performance.
Don't blindly quote numbers if you don't understand them.
It appears you know very little about international markets and how they work. The US dollar is the most commonly used currency to compare the performance of other currencies against and as I said the value of the pound shot up against the US dollar yesterday. The pound pushed above the US $1.30 mark for the first time in over 3 weeks.
The UK's national worth is also know as the Uk's total price tag. It is based on the value of land, housing, machinery, and financial assets so is not only to do with the FTSE 100 as you suggested. The UK's total price tag rocketed by 5.1% last year to reach a total of £10.2 trillion.
As I also said UK economic growth also continues to outperform that of the Eurozone.
You can try to put a negative spin on it all you like but you can't change those facts. "
Hey you don't believe in "experts "!
How do you value anything - land, housing, machinery etc - it's only worth what someone is prepared to pay for it. Financial assets - again you can say a £ is worth a £ (as did Harold Wilson) but against what? Stocks and shares very dramatically and inflation eats away . If you look at recent history a £ was once worth $4! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
Seems you were a bit too hasty posting this thread OP, as yesterday the value of the pound shot up against the US dollar by 1.3 cents, it's biggest rise for 3 weeks
I don't see you jumping to post a new thread about the pound rising though, lol.
This also came as the news the UK's entire net national worth grew 5.1% last year, to reach £10.2 trillion and UK growth continues to be higher than the Eurozone.
You are struggling with economics again.
Currency fluctuations can occur bilaterally because of the actions of one of the two parties. So a change against the Dollar does not necessarily indicate a positive sentiment towards the UK.
The general sustained fall in the pound against all currencies indicate a lack of confidence in the market. It has both positive and negative consequences but it is not a problem of success.
I don't know what you mean by national worth.
I assume that you mean that includes value of assets.
The FTSE is performing very well because it is dominated by international companies that earn the majority of their money OUTSIDE the UK. With a weaker currency these profits look bigger due to the change in the exchange rate but does not reflect any change in performance.
Don't blindly quote numbers if you don't understand them.
It appears you know very little about international markets and how they work. The US dollar is the most commonly used currency to compare the performance of other currencies against and as I said the value of the pound shot up against the US dollar yesterday. The pound pushed above the US $1.30 mark for the first time in over 3 weeks.
The UK's national worth is also know as the Uk's total price tag. It is based on the value of land, housing, machinery, and financial assets so is not only to do with the FTSE 100 as you suggested. The UK's total price tag rocketed by 5.1% last year to reach a total of £10.2 trillion.
As I also said UK economic growth also continues to outperform that of the Eurozone.
You can try to put a negative spin on it all you like but you can't change those facts. "
The increase in net national wealth was driven almost exclusively by increased land values and the value of equities.
As a country we have not done or accomplished anything that warrants that being meaningful.
The price against the dollar spiked yesterday because Bernier suggested that we might get a descent Brexit deal. That's how meaningful a daily summary is.
As I said before, it's much easier if you just tell us which paper is feeding this to you today. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"
The increase in net national wealth was driven almost exclusively by increased land values and the value of equities.
As a country we have not done or accomplished anything that warrants that being meaningful.
The price against the dollar spiked yesterday because Bernier suggested that we might get a descent Brexit deal. That's how meaningful a daily summary is.
As I said before, it's much easier if you just tell us which paper is feeding this to you today."
Except that land prices fell last year but hey why let facts get in your way |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"
The increase in net national wealth was driven almost exclusively by increased land values and the value of equities.
As a country we have not done or accomplished anything that warrants that being meaningful.
The price against the dollar spiked yesterday because Bernier suggested that we might get a descent Brexit deal. That's how meaningful a daily summary is.
As I said before, it's much easier if you just tell us which paper is feeding this to you today.
Except that land prices fell last year but hey why let facts get in your way"
I'm sure the so called experts at the ONS have got it wrong.
"Before the economic downturn, there was a rapid increase in the value of land, principally in the household sector, between 1999 and 2007. This meant that annually, UK net worth rose by 8.4%, though when land is not included, UK net worth grew annually by 5.2%.
A similar growth in land can be seen between 2012 and 2017, resulting in annual net worth growth increasing to 5.2%. When land is not included it increased by 3.6% between 2009 to 2017. Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%." |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"
I'm sure the so called experts at the ONS have got it wrong.
"Before the economic downturn, there was a rapid increase in the value of land, principally in the household sector, between 1999 and 2007. This meant that annually, UK net worth rose by 8.4%, though when land is not included, UK net worth grew annually by 5.2%.
A similar growth in land can be seen between 2012 and 2017, resulting in annual net worth growth increasing to 5.2%. When land is not included it increased by 3.6% between 2009 to 2017. Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%.""
The discussion is about uk net worth last year not from 2009 to last year, yes land prices have gone up hugely since then, my balance sheet shows that, however if you research land agents for last year they show land values dropping around 3 to 4 %.
Building land has dropped also due to councils allowing more land to be zoned, however the total of building land has increased so the total book value will have increased but not by enough to make up for the lower ag price.
Average house price last year was up 3% according to HMG which should account for a fair chunk of any net worth increase |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"
I'm sure the so called experts at the ONS have got it wrong.
"Before the economic downturn, there was a rapid increase in the value of land, principally in the household sector, between 1999 and 2007. This meant that annually, UK net worth rose by 8.4%, though when land is not included, UK net worth grew annually by 5.2%.
A similar growth in land can be seen between 2012 and 2017, resulting in annual net worth growth increasing to 5.2%. When land is not included it increased by 3.6% between 2009 to 2017. Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%."
The discussion is about uk net worth last year not from 2009 to last year, yes land prices have gone up hugely since then, my balance sheet shows that, however if you research land agents for last year they show land values dropping around 3 to 4 %.
Building land has dropped also due to councils allowing more land to be zoned, however the total of building land has increased so the total book value will have increased but not by enough to make up for the lower ag price.
Average house price last year was up 3% according to HMG which should account for a fair chunk of any net worth increase "
That's the data I have. Net wealth includes residential land, which you appear to be excluding.
The ONS is wrong then?
"Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%" |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"
I'm sure the so called experts at the ONS have got it wrong.
"Before the economic downturn, there was a rapid increase in the value of land, principally in the household sector, between 1999 and 2007. This meant that annually, UK net worth rose by 8.4%, though when land is not included, UK net worth grew annually by 5.2%.
A similar growth in land can be seen between 2012 and 2017, resulting in annual net worth growth increasing to 5.2%. When land is not included it increased by 3.6% between 2009 to 2017. Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%."
The discussion is about uk net worth last year not from 2009 to last year, yes land prices have gone up hugely since then, my balance sheet shows that, however if you research land agents for last year they show land values dropping around 3 to 4 %.
Building land has dropped also due to councils allowing more land to be zoned, however the total of building land has increased so the total book value will have increased but not by enough to make up for the lower ag price.
Average house price last year was up 3% according to HMG which should account for a fair chunk of any net worth increase
That's the data I have. Net wealth includes residential land, which you appear to be excluding.
The ONS is wrong then?
"Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%""
You call it residential I call it building but its the same thing, at todays prices for building land then at least 450,000 acres would have needed to have been zoned to have an increase of 450 billion, that would be enough to build at least four and a half million houses, so I doubt the figures are accurate, what is the saying about statistics and lies? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"
I'm sure the so called experts at the ONS have got it wrong.
"Before the economic downturn, there was a rapid increase in the value of land, principally in the household sector, between 1999 and 2007. This meant that annually, UK net worth rose by 8.4%, though when land is not included, UK net worth grew annually by 5.2%.
A similar growth in land can be seen between 2012 and 2017, resulting in annual net worth growth increasing to 5.2%. When land is not included it increased by 3.6% between 2009 to 2017. Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%."
The discussion is about uk net worth last year not from 2009 to last year, yes land prices have gone up hugely since then, my balance sheet shows that, however if you research land agents for last year they show land values dropping around 3 to 4 %.
Building land has dropped also due to councils allowing more land to be zoned, however the total of building land has increased so the total book value will have increased but not by enough to make up for the lower ag price.
Average house price last year was up 3% according to HMG which should account for a fair chunk of any net worth increase
That's the data I have. Net wealth includes residential land, which you appear to be excluding.
The ONS is wrong then?
"Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%"
You call it residential I call it building but its the same thing, at todays prices for building land then at least 450,000 acres would have needed to have been zoned to have an increase of 450 billion, that would be enough to build at least four and a half million houses, so I doubt the figures are accurate, what is the saying about statistics and lies?"
I’m late to the party but I’m not sure i follow what your saying. Are you saying the increase in land is from zoning (must admit not sure what this means, converting land to houses?) and that any one acre of zone is worth an increase of £1m? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
Seems you were a bit too hasty posting this thread OP, as yesterday the value of the pound shot up against the US dollar by 1.3 cents, it's biggest rise for 3 weeks
I don't see you jumping to post a new thread about the pound rising though, lol.
This also came as the news the UK's entire net national worth grew 5.1% last year, to reach £10.2 trillion and UK growth continues to be higher than the Eurozone.
You are struggling with economics again.
Currency fluctuations can occur bilaterally because of the actions of one of the two parties. So a change against the Dollar does not necessarily indicate a positive sentiment towards the UK.
The general sustained fall in the pound against all currencies indicate a lack of confidence in the market. It has both positive and negative consequences but it is not a problem of success.
I don't know what you mean by national worth.
I assume that you mean that includes value of assets.
The FTSE is performing very well because it is dominated by international companies that earn the majority of their money OUTSIDE the UK. With a weaker currency these profits look bigger due to the change in the exchange rate but does not reflect any change in performance.
Don't blindly quote numbers if you don't understand them."
. Currency fluctuations only benefit some companies . The reason the FTSE is performing so well is that investors and pension funds have great confidence in the UKs economic future . These are people making decisions and investing instead of posting predictions about doom and gloom.
If there were negative aspects to Brexit , the FTSE would have collapsed.
Not only is the FTSE near an all time high , unemployment is close to an all time low .
It is estimated that Britain's service sector could save at least£ 5.5 billion a year by freeing itself from just seven EU regulations. These savings would potentially be much higher if the full array of Brussels regulations on services were lifted .
It looks like things can only get better. |
Reply privately, Reply in forum +quote
or View forums list | |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low? "
that's funny at the same time the pound has gained against the dollar .as usual the moneymen are fiddling about with things .the euro is a joke currency .why do so many countries,want their own currency back anyway . |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"
I'm sure the so called experts at the ONS have got it wrong.
"Before the economic downturn, there was a rapid increase in the value of land, principally in the household sector, between 1999 and 2007. This meant that annually, UK net worth rose by 8.4%, though when land is not included, UK net worth grew annually by 5.2%.
A similar growth in land can be seen between 2012 and 2017, resulting in annual net worth growth increasing to 5.2%. When land is not included it increased by 3.6% between 2009 to 2017. Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%."
The discussion is about uk net worth last year not from 2009 to last year, yes land prices have gone up hugely since then, my balance sheet shows that, however if you research land agents for last year they show land values dropping around 3 to 4 %.
Building land has dropped also due to councils allowing more land to be zoned, however the total of building land has increased so the total book value will have increased but not by enough to make up for the lower ag price.
Average house price last year was up 3% according to HMG which should account for a fair chunk of any net worth increase
That's the data I have. Net wealth includes residential land, which you appear to be excluding.
The ONS is wrong then?
"Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%"
You call it residential I call it building but its the same thing, at todays prices for building land then at least 450,000 acres would have needed to have been zoned to have an increase of 450 billion, that would be enough to build at least four and a half million houses, so I doubt the figures are accurate, what is the saying about statistics and lies?"
Centaur quoted the ONS figures which are calculated using the ONS data and methodology. As that is all they do and I have access to far less economic information I'm willing to take their word for it.
If you accept their final net national wealth figure then you have to accept how they calculated it.
If you don't accept their figure, that's fine. What is your calculation? Up or down? What's driven it's change?
I'm not sure what point your making if you haven't got an alternative? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low? that's funny at the same time the pound has gained against the dollar .as usual the moneymen are fiddling about with things .the euro is a joke currency .why do so many countries,want their own currency back anyway . "
Since 2008 UK inflation has been higher than that of the Eurozone so it's value to you and me has been falling faster than the joke currency.
No, I don't think that the Euro is the best idea in the current economic framework, but it's no joke. Who "wants their currency back"? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"
I’m late to the party but I’m not sure i follow what your saying. Are you saying the increase in land is from zoning (must admit not sure what this means, converting land to houses?) and that any one acre of zone is worth an increase of £1m?"
Yes zoning is when councils agree that it can be built on, can be ten years by the time it does get developed but it raises the price from around 7,500/10,000 an acre depending on the soil type and area to best part of a million, this has dropped recently due to more ground being zoned by councils due to government dictat |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"
Centaur quoted the ONS figures which are calculated using the ONS data and methodology. As that is all they do and I have access to far less economic information I'm willing to take their word for it.
If you accept their final net national wealth figure then you have to accept how they calculated it.
If you don't accept their figure, that's fine. What is your calculation? Up or down? What's driven it's change?
I'm not sure what point your making if you haven't got an alternative?"
The point im making is I dont believe their figures that land values have risen by 450 billion, I have showed you why I find this difficult to understand, I know what building land is worth as I happen to own a largish chunk next to a fast growing town, I have no wish to sell it as we like it here but my kids could face an enormous IHT bill from the district valuer claiming "hope" value on it.
A value can be giving to anything by anyone doesnt mean its is correct unless someone gives you the cash |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"Is there no other way if an increase ? I would have thought house price rises are in there etc "
Yes that would have made uk net worth rise. Im not really sure the point of these studies or the "rich" lists that get produced,for instance if my net worth was worked out on "hope" value then Im a worth more than Robbie williams but in reality I cant put my hand in my pocket and pull that much out so its meaninless, just the same as if someone owns a house it makes no difference if its "worth" £25 or £250million if you sell it you need to buy another one and that would cost the same but it makes people feel rich |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"Is there no other way if an increase ? I would have thought house price rises are in there etc
Yes that would have made uk net worth rise. Im not really sure the point of these studies or the "rich" lists that get produced,for instance if my net worth was worked out on "hope" value then Im a worth more than Robbie williams but in reality I cant put my hand in my pocket and pull that much out so its meaninless, just the same as if someone owns a house it makes no difference if its "worth" £25 or £250million if you sell it you need to buy another one and that would cost the same but it makes people feel rich"
Exactly.
If the value of the property I live in goes up, then my wealth goes up, so the nation's wealth goes up.
Nothing needs to be "zoned".
I'm not sure what your original point was.
All I was stating that the 5.1% figure was meaningless, especially if it was almost all property.
You seem to agree. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Is there no other way if an increase ? I would have thought house price rises are in there etc
Yes that would have made uk net worth rise. Im not really sure the point of these studies or the "rich" lists that get produced,for instance if my net worth was worked out on "hope" value then Im a worth more than Robbie williams but in reality I cant put my hand in my pocket and pull that much out so its meaninless, just the same as if someone owns a house it makes no difference if its "worth" £25 or £250million if you sell it you need to buy another one and that would cost the same but it makes people feel rich
Exactly.
If the value of the property I live in goes up, then my wealth goes up, so the nation's wealth goes up.
Nothing needs to be "zoned".
I'm not sure what your original point was.
All I was stating that the 5.1% figure was meaningless, especially if it was almost all property.
You seem to agree."
It's all relative! If your property goes up then the one your buying probably goes up! It's only if your "cashing in" and taking the money out is when it matters. All other transactions are just paper but in everything something is only worth what someone is prepared to pay for it! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *obka3Couple
over a year ago
bournemouth |
"Is there no other way if an increase ? I would have thought house price rises are in there etc
Yes that would have made uk net worth rise. Im not really sure the point of these studies or the "rich" lists that get produced,for instance if my net worth was worked out on "hope" value then Im a worth more than Robbie williams but in reality I cant put my hand in my pocket and pull that much out so its meaninless, just the same as if someone owns a house it makes no difference if its "worth" £25 or £250million if you sell it you need to buy another one and that would cost the same but it makes people feel rich
Exactly.
If the value of the property I live in goes up, then my wealth goes up, so the nation's wealth goes up.
Nothing needs to be "zoned".
I'm not sure what your original point was.
All I was stating that the 5.1% figure was meaningless, especially if it was almost all property.
You seem to agree."
Yes I agree values are usually meaningless, the point I was making that I dont believe the ons when they say the net worth has grown by 5% if they are claiming its from land values, if its from house valuations then it could be, high house prices make people feel rich but its a bugger for the first time buyer unless bank of mum and dad cough up. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"Is there no other way if an increase ? I would have thought house price rises are in there etc
Yes that would have made uk net worth rise. Im not really sure the point of these studies or the "rich" lists that get produced,for instance if my net worth was worked out on "hope" value then Im a worth more than Robbie williams but in reality I cant put my hand in my pocket and pull that much out so its meaninless, just the same as if someone owns a house it makes no difference if its "worth" £25 or £250million if you sell it you need to buy another one and that would cost the same but it makes people feel rich
Exactly.
If the value of the property I live in goes up, then my wealth goes up, so the nation's wealth goes up.
Nothing needs to be "zoned".
I'm not sure what your original point was.
All I was stating that the 5.1% figure was meaningless, especially if it was almost all property.
You seem to agree.
Yes I agree values are usually meaningless, the point I was making that I dont believe the ons when they say the net worth has grown by 5% if they are claiming its from land values, if its from house valuations then it could be, high house prices make people feel rich but its a bugger for the first time buyer unless bank of mum and dad cough up."
That is fine.
From my perspective the calculation is the calculation as long as it is consistent you can discern a trend as long as you have pointed out you understand the limits.
You may have noted that Centaur has left because the figure does not indicate a meaningful improvement to anyone despite him claiming otherwise.
He doesn't understand the figure he was using where as you have. |
Reply privately, Reply in forum +quote
or View forums list | |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low? "
The pound shot up against the US Dollar and the Euro again today OP, beginning to wish you hadn't posted this thread? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
The pound shot up against the US Dollar and the Euro again today OP, beginning to wish you hadn't posted this thread? "
ive just gone and googled (as ever)
It started a smidge under 1.11e (at 0000) or maybe a shade over if you start at 0800. It’s currently at 1.11 (or if you look at 1700, 1.11e).
There was a brief spike (following a fall) which you can wrap a headline around if you were inclined.
But honestly, all feels like noise. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
The pound shot up against the US Dollar and the Euro again today OP, beginning to wish you hadn't posted this thread? "
The value of the UK currency swung because Germany made a positive indication on Brexit.
Let's say that again; something Germany said has had a direct and significant effect on our currency.
Taken back control have we? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
Anything to say about this Centaur? Your little factoid.
"Before the economic downturn, there was a rapid increase in the value of land, principally in the household sector, between 1999 and 2007. This meant that annually, UK net worth rose by 8.4%, though when land is not included, UK net worth grew annually by 5.2%.
A similar growth in land can be seen between 2012 and 2017, resulting in annual net worth growth increasing to 5.2%. When land is not included it increased by 3.6% between 2009 to 2017.
Between 2017 and 2016, the UK net worth rose by 5.1% but if the growth of land is excluded then this goes down to just 0.9%." |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
The pound shot up against the US Dollar and the Euro again today OP, beginning to wish you hadn't posted this thread? "
The competitive pound is great news for UK exporters and any UK resident 'receiving income from abroad.
On a simplistic basis one person's gain is anothers loss.
Currency movements are not a one way ticket.
Currently we have the FTSE close to an all time high and record numbers in employment. What more could we want ?
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ercuryMan
over a year ago
Grantham |
Any snippet of news causes a currency fluctuation, it's how the markets work.
Dealers picked up on some "news" that the UK and Germany had reached some Brexit consensus, and the Pound rallied. After this news was largely discounted by London and Berlin, the value dropped back.
If the UK avoids a "no deal" scenario, then the Pound will rise. So if you want a profit, pile in now and hold on a few months. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Any snippet of news causes a currency fluctuation, it's how the markets work.
Dealers picked up on some "news" that the UK and Germany had reached some Brexit consensus, and the Pound rallied. After this news was largely discounted by London and Berlin, the value dropped back.
If the UK avoids a "no deal" scenario, then the Pound will rise. So if you want a profit, pile in now and hold on a few months."
I think most movement is backsolved to a news story. If everyone read the news in the same way there would be no sellers... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *oi_LucyCouple
over a year ago
Barbados |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
The pound shot up against the US Dollar and the Euro again today OP, beginning to wish you hadn't posted this thread? "
Why? It crashed back down again 2 hours later. Finishing the day pretty much exactly where it started.
-Matt |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
The pound shot up against the US Dollar and the Euro again today OP, beginning to wish you hadn't posted this thread? "
You don't quote a figure - just the headline! It went up €0.00340!!!! If you think that's great then poor you! |
Reply privately, Reply in forum +quote
or View forums list | |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
The pound shot up against the US Dollar and the Euro again today OP, beginning to wish you hadn't posted this thread?
You don't quote a figure - just the headline! It went up €0.00340!!!! If you think that's great then poor you!"
Maybe they are a currency speculator?
Or Fabs very own George Soros or something.. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low? "
Yes it's never ever been that low before the referendum, because the EU protects the pound...
Oh, wait a minute...... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here.... |
Reply privately, Reply in forum +quote
or View forums list | |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here...."
You'd have saved even more if you'd gone to Turkey for your jollies. Even though Turkey is in a customs union with the EU, Turkish Lira has tanked. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Should any real patriotic brexiter give their hard earned British pound to those foreigners in the EU.Lets remember millions of swarthy Turks were about to flood these shores if we stayed in and we shouldn't be giving money to muslamic countries .They bomb us.
Go to the British holiday hotspots on your jollies and support Great Britain. Viva la Brexit |
Reply privately, Reply in forum +quote
or View forums list | |
"Should any real patriotic brexiter give their hard earned British pound to those foreigners in the EU.Lets remember millions of swarthy Turks were about to flood these shores if we stayed in and we shouldn't be giving money to muslamic countries .They bomb us.
Go to the British holiday hotspots on your jollies and support Great Britain. Viva la Brexit "
I did just that earlier this year Bob. I had a great week away down in Weymouth, Dorset during the heatwave, Weymouth temperatures were hotter than Spain and Turkey  |
Reply privately, Reply in forum +quote
or View forums list | |
"Should any real patriotic brexiter give their hard earned British pound to those foreigners in the EU.Lets remember millions of swarthy Turks were about to flood these shores if we stayed in and we shouldn't be giving money to muslamic countries .They bomb us.
Go to the British holiday hotspots on your jollies and support Great Britain. Viva la Brexit
I did just that earlier this year Bob. I had a great week away down in Weymouth, Dorset during the heatwave, Weymouth temperatures were hotter than Spain and Turkey "
Sounds a lot better than being in Tuscany and spending the whole time posting on Fab forums!Culture is wasted on some people.Lol |
Reply privately, Reply in forum +quote
or View forums list | |
"Should any real patriotic brexiter give their hard earned British pound to those foreigners in the EU.Lets remember millions of swarthy Turks were about to flood these shores if we stayed in and we shouldn't be giving money to muslamic countries .They bomb us.
Go to the British holiday hotspots on your jollies and support Great Britain. Viva la Brexit "
easy for you to say on the south coast bob get your arse up here bring your umbrella tho August was shite lol |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here...."
...and a couple of years ago you would have paid about 30% less.
You can say that you'd rather pay more but I'd struggle to believe you. |
Reply privately, Reply in forum +quote
or View forums list | |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
...and a couple of years ago you would have paid about 30% less.
You can say that you'd rather pay more but I'd struggle to believe you."
we go to Spain atleast a cpl times a yr and we paid the same cpl yrs back as we did this yr drinks and food were also same price |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
...and a couple of years ago you would have paid about 30% less.
You can say that you'd rather pay more but I'd struggle to believe you. we go to Spain atleast a cpl times a yr and we paid the same cpl yrs back as we did this yr drinks and food were also same price "
So much for backing Britain then! |
Reply privately, Reply in forum +quote
or View forums list | |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
...and a couple of years ago you would have paid about 30% less.
You can say that you'd rather pay more but I'd struggle to believe you. we go to Spain atleast a cpl times a yr and we paid the same cpl yrs back as we did this yr drinks and food were also same price
So much for backing Britain then!"
like iv said before can’t afford to holiday in Britain |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Should any real patriotic brexiter give their hard earned British pound to those foreigners in the EU.Lets remember millions of swarthy Turks were about to flood these shores if we stayed in and we shouldn't be giving money to muslamic countries .They bomb us.
Go to the British holiday hotspots on your jollies and support Great Britain. Viva la Brexit
I did just that earlier this year Bob. I had a great week away down in Weymouth, Dorset during the heatwave, Weymouth temperatures were hotter than Spain and Turkey "
One of those EDL rally’s down in Weymouth was it?
And climate change yay!
I don’t think you know how silly you are! |
Reply privately, Reply in forum +quote
or View forums list | |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here...."
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016 |
Reply privately, Reply in forum +quote
or View forums list | |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
...and a couple of years ago you would have paid about 30% less.
You can say that you'd rather pay more but I'd struggle to believe you. we go to Spain atleast a cpl times a yr and we paid the same cpl yrs back as we did this yr drinks and food were also same price "
So prices have dropped 15% have they? You must let me know which part of Spain that is, because it sure as hell isnt true of most parts of Spain I can assure you |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016"
And more expensive still in 2010.... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Must be the Sh*te-st 5* Hotel in Spain ..
Castillo Hotel Son Vida in Mallorca.
Between €400- €1200 euros a night
€38 euros wouldn't get you tap water.
"
Actually a campsite in Cap costs more than 38€!- oh that's Not the naturist campsite either! Spain must be dirt cheap then!!! |
Reply privately, Reply in forum +quote
or View forums list | |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010...."
Summer 2010 exchange rate was 1.20 to the pound actually |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010....
Summer 2010 exchange rate was 1.20 to the pound actually"
When I went in 2010 it was 1.09....this time I got nearly 1.12.
And at the turn of 2008/09 it fell as low as 1.02...in some exchanges it was below a Euro. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010....
Summer 2010 exchange rate was 1.20 to the pound actually
When I went in 2010 it was 1.09....this time I got nearly 1.12.
And at the turn of 2008/09 it fell as low as 1.02...in some exchanges it was below a Euro."
Please tell us all where you get your foreign currency from as the figures you quite are interbank rates not what us ordinary folk get! We can all enjoy the benefit of a good rate. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Should any real patriotic brexiter give their hard earned British pound to those foreigners in the EU.Lets remember millions of swarthy Turks were about to flood these shores if we stayed in and we shouldn't be giving money to muslamic countries .They bomb us.
Go to the British holiday hotspots on your jollies and support Great Britain. Viva la Brexit "
I got the beach at the end of the road and Brighton 15 min away on the bus. I can definitely say that Brighton is better than Benidorm, especially in the weather we have had this summer. Hastings not too far for a day out either, ahh fish n chips, scooter rallies, real ale. Magic! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010....
Summer 2010 exchange rate was 1.20 to the pound actually
When I went in 2010 it was 1.09....this time I got nearly 1.12.
And at the turn of 2008/09 it fell as low as 1.02...in some exchanges it was below a Euro.
Please tell us all where you get your foreign currency from as the figures you quite are interbank rates not what us ordinary folk get! We can all enjoy the benefit of a good rate."
Transferwise. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010....
Summer 2010 exchange rate was 1.20 to the pound actually
When I went in 2010 it was 1.09....this time I got nearly 1.12.
And at the turn of 2008/09 it fell as low as 1.02...in some exchanges it was below a Euro.
Please tell us all where you get your foreign currency from as the figures you quite are interbank rates not what us ordinary folk get! We can all enjoy the benefit of a good rate."
Some people get their foreign currency in advance.
Between March and June this year the £/€ rate was £1.13 or above. |
Reply privately, Reply in forum +quote
or View forums list | |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low? "
Prior to brexit did the pound not fluctuate like all other currencies? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asyukMan
over a year ago
West London |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
Prior to brexit did the pound not fluctuate like all other currencies?"
Currencies fluctuate. They spike for specific reasons.
Was there a specific reason for the GPB falling so precipitously the day after the referendum?
I realise that correlation does not necessarily mean causation but; Debbie Magee, why did you marry the millionaire Paul Daniels? |
Reply privately, Reply in forum +quote
or View forums list | |
"The pound has hit a fresh 11 month low against the euro and today £1 is equal to 1.10e and it is not even brexit, whats your view of how it got so low?
Prior to brexit did the pound not fluctuate like all other currencies?
Currencies fluctuate. They spike for specific reasons.
Was there a specific reason for the GPB falling so precipitously the day after the referendum?
I realise that correlation does not necessarily mean causation but; Debbie Magee, why did you marry the millionaire Paul Daniels? "
Fabnomics is the new economics |
Reply privately, Reply in forum +quote
or View forums list | |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010....
Summer 2010 exchange rate was 1.20 to the pound actually
When I went in 2010 it was 1.09....this time I got nearly 1.12.
And at the turn of 2008/09 it fell as low as 1.02...in some exchanges it was below a Euro."
I repeat,the summer of 2010 was 1.20. |
Reply privately, Reply in forum +quote
or View forums list | |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010....
Summer 2010 exchange rate was 1.20 to the pound actually
When I went in 2010 it was 1.09....this time I got nearly 1.12.
And at the turn of 2008/09 it fell as low as 1.02...in some exchanges it was below a Euro.
Please tell us all where you get your foreign currency from as the figures you quite are interbank rates not what us ordinary folk get! We can all enjoy the benefit of a good rate.
Some people get their foreign currency in advance.
Between March and June this year the £/€ rate was £1.13 or above."
The mid market rate may have been but it is impossible to get that rate anywhere. Even for large sums, the best available was 1.12 between February and April. The high street bank rate was mostly 1.10 and even specialist brokers were rarely offering above 1.10 even on six figure sums. |
Reply privately, Reply in forum +quote
or View forums list | |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010....
Summer 2010 exchange rate was 1.20 to the pound actually
When I went in 2010 it was 1.09....this time I got nearly 1.12.
And at the turn of 2008/09 it fell as low as 1.02...in some exchanges it was below a Euro.
Please tell us all where you get your foreign currency from as the figures you quite are interbank rates not what us ordinary folk get! We can all enjoy the benefit of a good rate.
Transferwise."
Actually, that's probably the first thing Ive ever read of yours that I agree with |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010....
Summer 2010 exchange rate was 1.20 to the pound actually
When I went in 2010 it was 1.09....this time I got nearly 1.12.
And at the turn of 2008/09 it fell as low as 1.02...in some exchanges it was below a Euro.
Please tell us all where you get your foreign currency from as the figures you quite are interbank rates not what us ordinary folk get! We can all enjoy the benefit of a good rate.
Transferwise."
Thank you we use Hi-FX and get live rates at the time but are only good for larger amounts. I am surprised they do small transactions at such rates! |
Reply privately, Reply in forum +quote
or View forums list | |
I need to buy some sterling for a trip I'm planning next March to England. I would be grateful if the fab economists could advise me as when would be the best time to buy. Could value at present as il get approx 900 sterling for a 1000 euro. Is parity wishful Thinking? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *oi_LucyCouple
over a year ago
Barbados |
"I need to buy some sterling for a trip I'm planning next March to England. I would be grateful if the fab economists could advise me as when would be the best time to buy. Could value at present as il get approx 900 sterling for a 1000 euro. Is parity wishful Thinking?"
I'm not an economist by any stretch of the imagination, but I do dabble in currency trading. I don't have a crystal ball, and anything could happen. But in my view, I can't see anything particular happening around brexit between now and then that would make GBP increase in value significantly. There is just too much uncertainty around everything, and I can't see how that would create an environment in which the value would go up. Whether EUR would drop further though is another question. But as we all know Brexit is going to hurt the smaller player (UK) proportionately harder than the larger player (the EU). So I'm guessing GBP/EUR would still be lower next year than now.
Not investment advice, do your own research, yadda yadda. May contain nuts.
-Matt |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
"I need to buy some sterling for a trip I'm planning next March to England. I would be grateful if the fab economists could advise me as when would be the best time to buy. Could value at present as il get approx 900 sterling for a 1000 euro. Is parity wishful Thinking?
I'm not an economist by any stretch of the imagination, but I do dabble in currency trading. I don't have a crystal ball, and anything could happen. But in my view, I can't see anything particular happening around brexit between now and then that would make GBP increase in value significantly. There is just too much uncertainty around everything, and I can't see how that would create an environment in which the value would go up. Whether EUR would drop further though is another question. But as we all know Brexit is going to hurt the smaller player (UK) proportionately harder than the larger player (the EU). So I'm guessing GBP/EUR would still be lower next year than now.
Not investment advice, do your own research, yadda yadda. May contain nuts.
-Matt"
Although Italy's budget proposal that they have to submit to the EU Commission by Oct 15th may have a big bearing on the Euro. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
"As it happens, we're just sat by the pool at our hotel in Spain on our jollies....
2 rooms in a 5 star hotel, £120.
Just bought 2 vodka and tonics, a G&T and a glass of wine .....£12.
I mean, bloody hell it's just soooo expensive here.....miles more expensive than a 5 star hotel, 2 VATs, a G&T and a wine would be back in the UK....
Actually, did this a few weeks ago in England - the hotel was £380 and the drinks were £38.
Already saved enough to pay for our flights out here....
Brilliant. Especially given that it would have been 15% cheaper on June 25th 2016
And more expensive still in 2010....
Summer 2010 exchange rate was 1.20 to the pound actually
When I went in 2010 it was 1.09....this time I got nearly 1.12.
And at the turn of 2008/09 it fell as low as 1.02...in some exchanges it was below a Euro.
Please tell us all where you get your foreign currency from as the figures you quite are interbank rates not what us ordinary folk get! We can all enjoy the benefit of a good rate.
Transferwise.
Thank you we use Hi-FX and get live rates at the time but are only good for larger amounts. I am surprised they do small transactions at such rates!"
I changed 5K |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
