Disappointing comment at the end to be honest, I'm not a Tory and do not support the Tories...I've always had every sympathy with the difficulties Covid brought to your business...the fact that FullFact do not appear to agree with your particular post is hardly my fault.
The pound hasn't rallied against the Aussie dollar at all so my twelve year wait (thanks GFC and Brexit) to access my money continues.
My Companies UK site has had some issues , exports to mainland Europe delayed , some manufacturing has been moved to Germany to mitigate the risk.
Sorry mate, which bit of my post disappoints you? I'm lost there. (I've copied it again below). I hate Amazon & the rest to high heaven but thousands of small companies use their logistics and are a good measure of the economy. Who do you work for out of interest? I know Skinner & a number of the old left guard were anti the EU from the 70's pro union stance, but I'm hard pressed to find anyone under 60 who shares their views these days, despite massive personal reservations over some EU policies. I have more reservations over current Tory policies enacted in the UK parliament. If correct I'd feel reassured. Sector by sector breakdowns for a start. I'm working for an EDI business whilst not running my DJ company & 90 percent have ceased exports. These are SMEs. My brother's company are seeing a total breakdown of trade with the EU, via companies that use their software (Amazon, et al). Not sure what more I need to say. The Tory Government have already dry bumbed me & the 19 people who used to work for me. Sleep well in your Brexit Utopia.
The value of a currency is a valuable mechanism for controlling an economy. Up until the late 1960s the Phillips curve was seen as a way of plotting a trade-off between unemployment and inflation by currency exchange rates. Imports versus exports was seen as making full employment and zero or very low inflation mutually exclusive. It became discredited a bit in the early 70's as a new problem of "stagflation" (rising unemployment and inflation) emerged. The growth in speculative currency transactions also robbed it of some relevance. The Southern EU countries stuck in the Euro (especially Greece) strikes me as something that could single handled revive the Phillips curve. If they still had the drachma it would be near worthless. We would all enjoy really cheap holidays in greece and their exports would be really cheap and the economy would slowly recover organically. The Euro robs them of that mechanism and their current predicament perhaps reinforces the value of exchange rates
People were all over the fact that it was doomsday when the value of the pound fell after the referendum same folk crowing in the media that its not good the pound is getting stronger again. Somilar to the news reporting that about 1000 financial firms were opening offices in the EU to move away from the UK due to Brexit. Not much news on the reports that 1500 similar companies have decided to open a UK office having never previously had anything here. I'm in the glass half full way of thinking. Once the country gets back to something like normality, the UK is going to flourish. We'll see improvements to early day issues with our new EU trading relationships simply because it works both ways. Then it's just down to the public to hold the government to account whoever may be in power to deliver on promises.
In a measure against another currency that’s also failing. How’s that an equivalence? Measured against the Euro or Yen you might have had a point. Likewise a thousand EU companies setting up shill offices in order to work around the Brexit rules does not mean that there’s a job surge to the U.K. it’s likely to mean the opposite.
I was in Portugal - well just coming back home on the day the euro referendum result was announced. We were getting 1.26 euros to every pound. On that day it fell to 1.08 if I remember correctly. It is now 1.12 so still way off pre-referendum day value.
You were very quick to defend them when it was pointed out that they lied 88% of the time in the run up to the 2019 G.E. You said that this was only over a three day period (which in actual fact was correct). This period however, was in the week before the GE and so would have been vital in which way people voted. Either way, in any three day period, an 88% rate of lying in adverts on social media is a complete disgrace. The Tories are corrupt. Completely corrupt. They are indefensible.
Don't shoot the messenger Fonzie...I wasn't defending the Tories... merely pointing out that the assertion that had been made was actually incorrect. You actually need to read the article in detail again to understand the flawed methodology It's important to be fair and even handed and take independent evidence for what it is.
The assertion was correct though, it would have been more informative if the time period had been mentioned. The only way it was incorrect is if you believe that there was a wild 3 day period where the richest political party in the country changed its entire strategy for a specific 3 day period, then tipped off its competitor so they could clean up their act. It may have been a naive bit of journalism, but you can’t believe for a second that the same people behind the Leave EU campaign who were in cahoots with Cambridge Analytica ‘accidentally’ put out a load of lies in its social media advertising for only a fixed 3 day period, but ran an honest campaign apart from that. Oh and not to forget, they also tipped off the opposition to clean up their campaign for the same 3 days.
Do you really think they are doing this to access the world market in Financial Services? If so they would have done it years ago. No they are doing it to service their existing clients in the UK, which because of Brexshit they can no longer do from their bases in Europe. UK Financial Service firms are moving into Europe for exactly the same reason. The EU market in financial services is 5 times bigger than the UK market, it doesn't take a mathematical genius to work out which side will be exporting the most jobs.
