Not at all. A weak pound encourages British exports and creates jobs in the UK economy that will lead to much improved prosperity all round.Euro 1.63 within the last year now down to 1.16
Dollar down to 1.46 today from a high of 2.08
The Global credit crunch appears to be hitting us worse than the rest of Europe and the US
Thats prob due to the amount of polish and latvian invaders willing to do 80 hours a week work for £3 and a bowl of soup . ooooooh plus free accomodation and a ford mondeo with the obligitory ILNY sticker in the rear window to make them blend in to the land of the freebie that is Great Britain
I think you'll find that the Poles and Latvians are now deserting our shores to work in EU countries that can pay them in Euros.Thats prob due to the amount of polish and latvian invaders willing to do 80 hours a week work for £3 and a bowl of soup . ooooooh plus free accomodation and a ford mondeo with the obligitory ILNY sticker in the rear window to make them blend in to the land of the freebie that is Great Britain
Euro 1.63 within the last year now down to 1.16
Dollar down to 1.46 today from a high of 2.08
The Global credit crunch appears to be hitting us worse than the rest of Europe and the US
At least that was the theory until Thatcher dismantled the manufacturing sector and reshaped the economy to rely on the success of service industries such as .. er .. banking.
I've noticed that in Grimsby the number of migrant workers from Poland , Estonia , Latvia and Lithuania are quickly dwindling in size. Another 400+ will probably go back home or elsewhere in 8 weeks time when Mariner Foods chilled food factory closes its two sites just outside of the town. The minimum wage in Norway is equivalent to £10 per hour and workers moving across the channel to work in mainland Europe will be better off paid in euros especially the Poles whose mother country is binning the zloty for the euro next year.I think you'll find that the Poles and Latvians are now deserting our shores to work in EU countries that can pay them in Euros.
Not at all. A weak pound encourages British exports and creates jobs in the UK economy that will lead to much improved prosperity all round.
At least that was the theory until Thatcher dismantled the manufacturing sector and reshaped the economy to rely on the success of service industries such as .. er .. banking.
Good old Maggie, still getting the blame.