| Topic: | Re:Re:State of play today | |
| Posted by: | Paul Morris | |
| Date/Time: | 27/06/16 16:34:00 |
| Penelope: the pound is now lower against the dollar than at any point in the last 30 years. It did close to these levels in the immediate aftermath of the financial crisis when therre were concerns for the whole global system, hence flight to the dollar and also aversion to sterling when we were nationalising banks and had massive exposure to the imploding financial system and who knew what the future would hold. So simple answer, its even worse than that..... And to the last poster, I agree, 0.2% growth nexy year looks very optimistic, I suspect it will be negative, possiby same year after. Huge, huge holes in the deficit reduction programme, more cuts at some point inevitable (and higher taxes...) Never mind, I ahve been reliably informed on other posts we will get our old style passports back and somethign about ignore nazis in Brussels (that was the other poster's sentiment. ALso Richard G is confused as to whether he cna stil write to his friends in France... |