A headline from the other day, but nevertheless one that has had me wondering.
If this spin (pump) is to be believed and we are to return to being a country of prosperity, (and you never know that they might even re-stock the country's Gold Supplies), whose to say that the bungling fools in charge won't just pisss it all down the river with the rest of wasted billions
So a question for all the City Types:
For all of us that like nothing more than seeing the back of blighty while we toast ourselves on a Mediterranean beach, how much longer are we going to be subjected to the devalued Pound and continue to have to pay what is in effect, a 20% foriegn travel tax..?
If this spin (pump) is to be believed and we are to return to being a country of prosperity, (and you never know that they might even re-stock the country's Gold Supplies), whose to say that the bungling fools in charge won't just pisss it all down the river with the rest of wasted billions
Weak sterling will deliver UK surplus
Britain is to transform itself from chronic over-spender to a global surplus country as the weak pound revives its export industry, according to a report by Goldman Sachs.
Ben Broadbent, the bankâs UK economist, said the 20pc slide in sterling over the past year was âenough to push the UKâs current account into comfortable and permanent surplusâ. Britain has not had a durable surplus in living memory.
The bank issued an alert yesterday advising clients to build up sterling positions. It said the economy was in better shape than it looked, with public debt likely to peak at under 80pc of GDP â lower than Germany and France. [Read More....]
By Ambrose Evans-Pritchard
Published: 8:55PM BST 22 Sep 2009
Britain is to transform itself from chronic over-spender to a global surplus country as the weak pound revives its export industry, according to a report by Goldman Sachs.
Ben Broadbent, the bankâs UK economist, said the 20pc slide in sterling over the past year was âenough to push the UKâs current account into comfortable and permanent surplusâ. Britain has not had a durable surplus in living memory.
The bank issued an alert yesterday advising clients to build up sterling positions. It said the economy was in better shape than it looked, with public debt likely to peak at under 80pc of GDP â lower than Germany and France. [Read More....]
By Ambrose Evans-Pritchard
Published: 8:55PM BST 22 Sep 2009
For all of us that like nothing more than seeing the back of blighty while we toast ourselves on a Mediterranean beach, how much longer are we going to be subjected to the devalued Pound and continue to have to pay what is in effect, a 20% foriegn travel tax..?