Re: No More Arguments: Austerity is Working! : Sat Dec 28, 2013 8:35 pm  

Sal Paradise wrote:

if interest rates rise will investors not buy in to the pound?

They will buy sterling denominated assets that pay higher interest rates, so the demand for the pound will go up because they need to convert their currency in to pounds to buy them, and the exchange rate of the pound will appreciate.

Double edged sword really. Will harm UK exports because our goods will be more competitive, but it will bear down on inflation in the UK because anything that requires imported goods as part of the production process will become cheaper.

Danger is imports will also start becoming comparatively cheaper than domestic produced goods so even in the home market we could lose market share to imports that are bought more easily with a stronger pound.

Re: No More Arguments: Austerity is Working! : Sun Dec 29, 2013 7:44 am  

sally cinnamon wrote:

They will buy sterling denominated assets that pay higher interest rates, so the demand for the pound will go up because they need to convert their currency in to pounds to buy them, and the exchange rate of the pound will appreciate.

Double edged sword really. Will harm UK exports because our goods will be more competitive, but it will bear down on inflation in the UK because anything that requires imported goods as part of the production process will become cheaper.

Danger is imports will also start becoming comparatively cheaper than domestic produced goods so even in the home market we could lose market share to imports that are bought more easily with a stronger pound.

As we import more than we export that would have a positive effect on inflation - although it will affect tourism etc. Given what we export seems quite specialist i.e. not mass market will the rise in the pound have a huge impact on these goods?

Re: No More Arguments: Austerity is Working! : Sun Dec 29, 2013 8:00 am  

Mintball wrote:

Planet Earth.

Carry on inventing things, sunshine, because I have never suggested this anywhere. You're a fantasist, who needs your fantasies in order to provide some sort of 'evidence' for your claims.

Now if you want to stop looking like an idiot, feel free – and answer questions and provide real, meaningful evidence to support your claims.

Otherwise, you're just another little troll with nit an ounce.

Actually I suspect not: I think you're probably just a greedy, selfish individual who is trying to excuse not having an ounce of morality in their body.

Nobody is inventing anything just exposing you for what you are - I am not the one looking an idiot here - it is you.

You bring "Spirit Level" as fact - it isn't its a theory - do you actually know the difference?

You don't anything about me yet you feel it is OK to pronounce on my personality - yet you cry wolf when somebody does this to you?

You talk about answering questions - you never answer any, you spout nonsense - you claimed I said nobody should have a pay rise because I haven't had one - I asked you to show me where I said that, I am still waiting?

You keep raising the point about care workers and expenses. What I said was most firms would pay out of pocket expenses through a defined expenses policy, at the firm I work at somebody buys milk and coffee and they claim it back through the expenses process - you turned that into all care workers have expenses accounts!!

This is what you do you produce theory as fact, you read what you want things to say not what they actually say, you bring things back from months ago but somehow find it distasteful when the tables are turned, you are a probably a hypocritical bully who like all bullies can't take it when the tables are turned.

Re: No More Arguments: Austerity is Working! : Sun Dec 29, 2013 9:49 am  

In defence of la Mint, I've found since putting up this photo in the front window, we have never been burgled! Credit where it's due!

In defence of la Mint, I've found since putting up this photo in the front window, we have never been burgled! Credit where it's due!

Re: No More Arguments: Austerity is Working! : Sun Dec 29, 2013 12:54 pm  

Which reminds me, what happened to Minty's better half?
They were in a competition at one time to be the first to a million posts.
Where be you tb?

Re: No More Arguments: Austerity is Working! : Sun Dec 29, 2013 1:20 pm  

Good to see George Osborne named Briton of the Year by the Times.

Re: No More Arguments: Austerity is Working! : Sun Dec 29, 2013 3:25 pm  

Ajw71 wrote:

Good to see George Osborne named Briton of the Year by the Times.

Personally, I'd have dear old Godfrey Bloom before George Osborne, who I think has been extremely fortunate with his growth policies.

That said, if the predictions by the leading economist Dr Ros Altmann are anywhere near the mark, with "growth rising by 5 per cent, real earnings increasing by nearly 3 per cent, inflation holding at about 2 per cent, and employment at its highest since records began, falling towards – or even below – the 7 per cent level by the end of 2014". Then I'm afraid there will be much hand wringing by the usual suspects on here, and the Tories will be a shoe in come Election Time.

With Churchill being acknowledged as the Greatest Briton of All Time, I think we can look forward with confidence that the natural order of things has been restored after the miss spent years of Blair's Britain.

Re: No More Arguments: Austerity is Working! : Sun Dec 29, 2013 3:44 pm  

rumpelstiltskin wrote:

That said, if the predictions by the leading economist Dr Ros Altmann are anywhere near the mark, with "growth rising by 5 per cent, real earnings increasing by nearly 3 per cent, inflation holding at about 2 per cent, and employment at its highest since records began, falling towards – or even below – the 7 per cent level by the end of 2014". Then I'm afraid there will be much hand wringing by the usual suspects on here, and the Tories will be a shoe in come Election Time.

Those things could well happen in a consumer-spending generated boom year in 2014 coupled with tax rebates and election bribes.

It not what the Tories were hoping for of course as it goes against everything that austerity stands for and there will be a price to pay in 2016, but still...

Re: No More Arguments: Austerity is Working! : Sun Dec 29, 2013 9:08 pm  

Ajw71 wrote:

Good to see George Osborne named Briton of the Year by the Times.

Have you read the reasoning behind their decision.

Talk about the job description being written for the candidate

Re: No More Arguments: Austerity is Working! : Mon Dec 30, 2013 8:13 pm  

Ajw71 wrote:

Good to see George Osborne named Briton of the Year by the Times.

Really why do think that - if he is the Briton of the year we should be very worried about our performance as a nation.

Man is an incompetent!!