UK Inward Investment Diverted to France Again

[Trazor]

By the time it was replaced by the Euro there were about 19 Schillings to the Pound.

So if it was on a trajectory to becoming worthless, WT* was the £ doing?

The value of the Schilling to the pound in 1999 was approximately 98 Schillings to the pound. (Changed to Euro at this time)

https://www.poundsterlinglive.com/b...storical-effective-exchange-rates/ATS-history

 

[Notch7]

It's a tough one, but it is enough to make Macron scared he might lose the next election, which is why he has recently made rather right wing decisions regarding Muslim schools etc, there is a belief that this was done to stop me pen from gaining ground

I dont think Macron is popular.

France is a fairly socialist country and Macron is part of the wealthy elite and doesnt represent the people.

Macron tried to make changes to pensions which hasnt gone down well
he has, good or bad....made tax changes which has encouraged Uber wealthy to move to Paris.

 

[Captain Nemesis]

The value of the Schilling to the pound in 1999 was approximately 98 Schillings to the pound. (Changed to Euro at this time)

https://www.poundsterlinglive.com/b...storical-effective-exchange-rates/ATS-history

The euro was introduced at a fixed parity of €1 = 13.7603 schillings. https://en.wikipedia.org/wiki/Austrian_schilling

At that time the pound was worth about €1.41.

According to my calculator that means that to buy €1 would have cost about 71p.

That means that 13.7603 Schillings was worth about 71p.

 

[Trazor]

The euro was introduced at a fixed parity of €1 = 13.7603 schillings. https://en.wikipedia.org/wiki/Austrian_schilling

At that time the pound was worth about €1.41.

According to my calculator that means that to buy €1 would have cost about 71p.

That means that 13.7603 Schillings was worth about 71p.

I have to prefer my site, rather than a sometimes unreliable, and easily edited Wiki.

The Wiki site has a reliability rating of only 80%

 

[Scarlet Pimpernel]

lucky my neighbour does not still keep pigeons , none would ever get back to the UK

So at one time your neighbour was cultivating pigeon shoite? And now his neighbour is cultivating bull shoite.

Anyway, I thought you said it was a conspiracy. Were you lying then, or are you lying now, or don't you understand what a conspiracy is?

Maybe it was a French version of yourself, or Woody or ReganandCarter the typical supporters of Marine le Pen, that shot them as illegals.

Or your neighbour's pigeons would be escorted nearly halfway back across the channel, then UK border force would pick them up.
Then the likes of yourself, Woody, ReganandCarter et al could shoot them on sight.

Although your neighbour is more than welcome to come and get his flying vermin back. There's a few of them nesting in my hangar.

 

[transam]

A report on the news that a french company has just bought a 12 % stake in B T

 

[Scarlet Pimpernel]

The value of the Schilling to the pound in 1999 was approximately 98 Schillings to the pound. (Changed to Euro at this time)

https://www.poundsterlinglive.com/b...storical-effective-exchange-rates/ATS-history

The Schilling was only the latest currency of a series of different currencies in Austria.
Until about the end of WW1 it was the Kronen, then it became the German Schilling, which had to over stamped around the end of WW2, I think, then it had to be over stamped again, but I can't remember the reason. I assume because it's always been part of German currency. And at the end of WW2 Nazi Germany and Nazi Austria were in disarray
Anyway, suffice to say Austria has had to have several goes at creating a worthy currency, before it adopted the Euro.

 

[ellal]

The value of the Schilling to the pound in 1999 was approximately 98 Schillings to the pound. (Changed to Euro at this time)

Nope, that was the figure of 'relative strength against a basket of currencies belonging to the country’s most important trading partners'...

The spot rate as of 01.01.1999 was (according to the BofE ) 20.5...

But talking of 'basket' currencies...

Not so long ago you could buy a Euro for 69p....

Now it's 86p...

I wonder why?

 

[Scarlet Pimpernel]

I dont think Macron is popular.

France is a fairly socialist country and Macron is part of the wealthy elite and doesnt represent the people.

Macron tried to make changes to pensions which hasnt gone down well
he has, good or bad....made tax changes which has encouraged Uber wealthy to move to Paris.

He and le Pen are neck and neck in the polls at the moment.
And you have to take the other parties into consideration on election day, for tactical voting. That happens a lot in UK also. People switch to a near ally because their first choice would not have a decent chance.
So in Macron's case, he'll probably pick up a lot of the Greens, Republican's and even the Socialist's votes.
Then there's Euroscepticism. Macron is very much pro-EU, whereas le Pen is not. And French in general are very much pro-EU, even more so after the Brexit debacle.

 

[Scarlet Pimpernel]

Nope, that was the figure of 'relative strength against a basket of currencies belonging to the country’s most important trading partners'...

The spot rate as of 01.01.1999 was (according to the BofE ) 20.5...

But talking of 'basket' currencies...

Not so long ago you could buy a Euro for 69p....

Now it's 86p...

I wonder why?

It has adversely affected a lot of ex-Pats.
Although I suppose it's adversely affected a lot of indigenous Brits as well.

 

[transam]

Many Goods in Austrian shops used to be advertised with 2 currencies

German Deutsch mark and in Austrian Schillings

German marks were legal tender

 

[Captain Nemesis]

I have to prefer my site, rather than a sometimes unreliable, and easily edited Wiki.


The Wiki site has a reliability rating of only 80%

This time it is correct.

One euro was worth around 13.8 Schillings.

 

[^woody^]

As EU members, the UK was a prime target for foreign investment, and the UK attracted the most companies for almost two decades. But, for the last two years, France has overtaken us as the main destination of choice. This may well be because they represent a powerful voice to lobby in the EU and our influence has fallen to nothing

That's odd. Why would any EU country/company, let alone one predominantly French owned invest in old Blighty?

Airbus opens new £40M aerospace research centre in UK (metal-am.com)

"France is at the core of Airbus skills, technologies, innovation and production". Airbus

 

[sxturbo]

That's odd. Why would any EU country/company, let alone one predominantly French owned invest in old Blighty?

Airbus opens new £40M aerospace research centre in UK (metal-am.com)

"France is at the core of Airbus skills, technologies, innovation and production". Airbus

The French attitude to work is very different to that of the UK (tbh the whole work ethics of the EU continent is different to that of the UK), they work to rule, 2 hour lunch breaks etc etc, they very much work to live rather than live to work like the UK.

I deal with a handful of French companies through work and they are rather difficult to deal with. Nice when you go over their and we're all pally with each other, but start asking them to do things or try and get anyone in the afternoon it becomes a little tricky.

That being said I do feel they have a better quality of work life balance than the UK.

I don't know if the above plays any part in deciding where to open faxtories

 

[JohnD]

That's odd. Why would any EU country/company, let alone one predominantly French owned invest in old Blighty?

because it's cheap and the UK government dislikes pesky rights and benefits for workers.

are you looking forward to the day when any bits of British industry worth having, are foreign-owned?