Pound at all time low? Well that was a lot of fuss about nothing...

[Mottie]

Why are you crowing about that?

The rate on 22/06/2016 was $1.46....

How many hundreds of billions has it cost to keep it above parity since then?

Makes that £8bn a year to stay in the EU seem like an absolute bargain!

It’s back to how it was before you started crowing about it’s fall. Must be a real disappointment for you.

 

[Mottie]

If we were still in the EU the same shysters would still be taking the money

As well as EU ponces…

 

[Deleted member 18243]

The cost of covid rolls on...

 

[ReganAndCarter]

Unfortunately I think the mortgage market and increased interest rates are here to stay? I'm not looking forward to the extra £300 a month I'm probably looking at on my mortgage next year.

About time us savers stopped subsidising borrowers.

Just waiting for savings rates to hit 5%, then I'll put some funds into a fixed term.

 

[ReganAndCarter]

It'll be a laugh, go along, bring a bottle.

It's not that sort of party.

Hang on a minute, it is the Tories...................................................

 

[ReganAndCarter]

Sunak will be smug. As they said on Have I Got News For you when they replayed a clip of his - "it was almost like he knew what he was talking about".

That was a good HIGNFY last Fri.

Milton Jones - "things have got so bad, my independent financial adviser has gone back home to live with his parents."

 

[ajohn]

It seems to be a bigger problem in the UK.

Seems is the correct word. Reading the reasons given the numbers will increase as the wont increase prices. EG They may ask for VAT reductions instead. Some businesses from comments I have read owe their landlords and the gov money. Not an area I have really bothered about.

There is another aspect though. While this mentions shares the same basic idea applies to any business

This Gearing Doesn't Mean Faster or Slower

Gearing refers to the ratio of a company's debt relative to its equity; if it's high, then a firm may be considered as highly geared (or leveraged).

www.investopedia.com

I recently read comments that BT had reduced it's debt a bit but still can't really support it. Gearing seen as being too high.

TBH I wonder. Just how can someone get the numbers needed to judge how many zombies there are? They would need access to everybody's books to get accurate figures. All reports are according to - nothing to do with the reporter. Good news isn't needed. Something to worry about is preferred.

 

[ajohn]

HMRC criticised over £32bn ‘tax gap’ estimate

Tax experts say shortfall between expected income and actual receipts underplays true scale of fraud in 2020-21 financial year

www.theguardian.com

A goodly proportion of that is seen to be UK based.

Labour have an intention to try and do something about it.

Why bother wittering on about the EU. One day some will realise the country has a problem and in or out hardly matters.

 

[denso13]

The cost of covid rolls on...

No it doesn't...

 

[JohnD]

About time us savers stopped subsidising borrowers.

Just waiting for savings rates to hit 5%, then I'll put some funds into a fixed term.

Even if inflation is more than that?

So you are guaranteed to lose value, year on year, and never get it back?

And not gain from an economic recovery, when it happens?

 

[Deleted member 18243]

No it doesn't...

So is covid all done and dusted; all monies paid back; pubs shops and factories reopened; production back to pre-March 2020 levels, all idlers kicked back to work, everyone’s savings restored etc etc?

 

[JohnD]

It’s back to how it was before you started crowing about it’s fall. Must be a real disappointment for you.

"The rate on 22/06/2016 was $1.46...." is what he said

It's now $1.116

A long way down since the Brexit catastrophe started.

But you don't care about the damage to the nation.

 

[wellyfish]

Banks don't lend out savers money. When a bank accepts your collateral thereby making a loan, it creates the deposit in your account. New £s created.

 

[denso13]

So is covid all done and dusted;

You put all the countries ills down to covid. This thread is about the fall in the pound and you state "The cost of covid rolls on...", with no explanation, as per usual. Covid has nothing to do with the fall in the pound.

 

[Pat ex]

You put all the countries ills down to covid. This thread is about the fall in the pound and you state "The cost of covid rolls on...", with no explanation, as per usual. Covid has nothing to do with the fall in the pound.

That's not true, denso13, andy11 often blames immigrants as well.