The Prime Minister of the United Kingdom is not very well. He has become sufficiently removed from reality to fail to curb his tongue on crucial financial and economic decision-taking to which he is privy because of his office.
The urgency of his removal is measured in the collapse of sterling since he opened his big mouth on television yesterday.
He has devalued the pound in our pockets.
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I bought some Euros last Friday to pay for a duty free trip tomorrow. In only 3 trading days they've increased by about £16.
Go for it Gordy. Shoot your mouth off as much as you like.
There is that JE. I was in London to buy things but in the end bought euros; they were the most attractive thing on offer (that could be carried about, London itself was lovely as ever).
As an expat who occasionally transfers some cash from the UK I can assure you quite firmly that the £ has been steadily devaluaing for at least the past six months! But in the past few weeks the rate has accelerated considerably. About six weeks ago the E/£ r/e was 1:0.67; today it is 1:0.80.
I am convinced that this is all part of a cunning plan to achieve parity and then the £ will be abolished as we go into the Eurozone.
I can never get over the cost of living in England. Despite the collapsing pound I reel out of Waitrose punch drunk at the prices of perfectly ordinary things like meat and vegetables and fruit and butter...
I could understand if buying parmesan or proper pasta, or soft cheeses from abroad, or fish, but I don't. Is there a price-controlled, standard loaf in England? Bread (!) prices are turning tea and toast into a luxury indulgence, (don't mention anything to spread on the toast).
It's a form of taxation really, the basic shop, prices are nothing to do with production costs or even profits. Like an arm of the state.
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