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Showing content with the highest reputation on 11/12/16 in all areas

  1. Interesting article in the massively EUphile Financial Times:- The inevitable sour comment from a Remonian "Wonderful irony. Vote Brexit to keep out Johnny Foreigner and now look what happens!.... " entirely misses the essential point that tourists bring us some of their wealth, leave in a timely manner, and create jobs, not undercut native Brits in theirs!
    2 points
  2. Quickly skipping over all the other good news (like saving our Steel Industry with a mega investment by Tata): Record UK exports drive huge narrowing in trade deficit He's probably right not to put too much weight on the value of Sterling because it has been steadily creeping up lately, and what is really important is getting away from the dependency mindset that is part and parcel of the EU political project. We will succeed because we are British, and that's what Brits do when faced with real challenge. If that sounds a bit jingoistic then tough! We are not unrolling a thousand years of history to suit the prejudices of those rats who are now willing their own country to fail!
    2 points
  3. So much for Brexit doom: IMF in embarrassing climbdown as it admits market turmoil has 'ebbed', while pound hits four-week high
    2 points
  4. And I'm "qualified to know" about Sterling against the Euro! If Clinton had won you'd be significantly worse off now. BTW the first of the Italian banks has just gone bust, shareholders have been totally wiped out, and as part of the rescue bondholders are having to take a huge haircut. As most of those bondholders are average small savers sheltering their life savings (they won't take the risk of investing in the stock markets as they hate the thought of any loss of capital) it's a crushing blow, and bondholders in other banks are now going to panic. (More) Civil unrest is likely. The equivalence here in the UK is building society deposits being raided! Unfortunately - amongst his other major blunders - Dodgy Dave tied us in to the the EFSM, so we will be tapped as Eurozone finances inevitably get worse. It's entirely conceivable that with the Greek nonsense blowing up again too Sterling will be worth more than pre-Brexit value very soon. Maybe some of the rise in the value of Sterling will be moderated by Dave's blunder, and we won't have to pay out too much in support - we must hope! May needs to detach us from the EZ a lot faster than she's now doing!
    1 point
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