Thank goodness we were never subjected to Labours fully costed 2019 manifesto and terrible policies such as making those on 150K+ pay *more* tax.
God forbid!
I’m so glad we went for the safe pair of hands that is Boris Johnson and Liz Truss to guide us to those sunlit getting it done forging ahead oven ready uplands.
Never have I ever felt more right about my 2019 vote for Jeremy Corbyn. He wasn’t perfect, would have made a few mistakes along the way but fucking hell he would have been so much better than this clown show.
That all sounds pretty good and yet a Norwegian can buy fewer pounds than what they could have done 5 years ago!
[removed]
American living in the UK here. My income is in pounds but my student loans are in dollars. My payment just went up 15%. Fuck my life.
My income in pound, but my stock in USD, so my portfolio went up again. Although not even close to pay for the inflation and increased bills.
The Bank of England must be shitting itself. It had a hard job stabilising the economy just a few hours ago, now it has just that little bit more work to do to convince people that the British economy is stable and worth investing in. Kwarteng having to beg the City not to sell the pound shows just how unattractive we are, which will only encourage further selling.
Kwasi is doubling down I see on ‘fiscal sustainability’
[deleted]
Well there goes my stock portfolio and those 4 planned foreign holidays ( well you’ve got to get away haven’t you ) for this year. Might also hold off on buying another £700 banger to get me to work
I’m paid in the dollar and it feels that the pound has lost buying value. Yes my pays gone up, but my shopping feels that it’s gone up by the same %
For somebody holding shares in US dollars, this is amazing. More pounds!
Last I checked, a moment ago it was 0.5% up. I think reporting on a currency if flux like this is silly.
I put a £1K short on this morning, was up £350 but now down £550…bad news for me, good news for the £.
The idea was to do a capitalism to pay my energy bills – this isn’t going as planned.
I’ll probably be Chancellor in a few years.
I hope all of those who voted Labour out when they were last in power because “they are bankrupting the country” will now do the same and vote out the Tories.
My colleague flew out to Orlando yesterday. Disney world has closed due to a hurricane and a pound won’t buy you a dollar. Worst timed holiday in history?
This is a great time for me to be travelling to the USA 🙂
I was advised against changing any currency when Boris was PM, told to hang on because once the govt was established, confidence in the £ would bounce back.
Hahahahahahahahahahahaha nope
Now all the drunk hungarian bachelors can come have drunk stagdoes in england and behave like shite!
Can we use a different currently? The US dollar is on the up irrespectively anyways. The Euro is on the decline too.
Some point 2003-2006 I got $1.98 to a pound. Today it is $1.08. Appalling.
> The pound has fallen further in value against the US dollar – slumping 1.5% to $1.0570.
That article aged well….it’s now sitting at 1.08222.
But why when I check how much pounds I get for my euros it stays exactly the same?
Reality has continued mercilessly while Queenie’s death gave the public temporary amnesia towards the country’s woes.
23 comments
Thank goodness we were never subjected to Labours fully costed 2019 manifesto and terrible policies such as making those on 150K+ pay *more* tax.
God forbid!
I’m so glad we went for the safe pair of hands that is Boris Johnson and Liz Truss to guide us to those sunlit getting it done forging ahead oven ready uplands.
Never have I ever felt more right about my 2019 vote for Jeremy Corbyn. He wasn’t perfect, would have made a few mistakes along the way but fucking hell he would have been so much better than this clown show.
FX is hard to get your head around!
Take Norway – their currency is pretty much at a [record low vs. US dollar](https://pbs.twimg.com/media/Fdp6KOnWYAI0Hh3?format=jpg&name=small) and [even vs. the terrible British peso](https://i.imgur.com/kRbUr4p.png) it’s at the same level as where it was 20 years ago.
Norway has a low [debt to GDP ratio](https://tradingeconomics.com/country-list/government-debt-to-gdp) (43% vs. UK and US 96% and 137%), consistently runs a [budget surplus](http://www.citypopulation.de/en/world/bymap/budgetsurplus/) and positive current account balance. They are a [net exporter of energy](https://data.worldbank.org/indicator/EG.IMP.CONS.ZS?locations=NO-DE-GB) and much better positioned than most other places in Europe around the energy crisis. The economy is growing 4% per year on the latest figures and inflation is high at 6.5% but below other countries such as 10% in UK, 8% in US and Germany.
That all sounds pretty good and yet a Norwegian can buy fewer pounds than what they could have done 5 years ago!
[removed]
American living in the UK here. My income is in pounds but my student loans are in dollars. My payment just went up 15%. Fuck my life.
My income in pound, but my stock in USD, so my portfolio went up again. Although not even close to pay for the inflation and increased bills.
The Bank of England must be shitting itself. It had a hard job stabilising the economy just a few hours ago, now it has just that little bit more work to do to convince people that the British economy is stable and worth investing in. Kwarteng having to beg the City not to sell the pound shows just how unattractive we are, which will only encourage further selling.
Kwasi is doubling down I see on ‘fiscal sustainability’
[deleted]
Well there goes my stock portfolio and those 4 planned foreign holidays ( well you’ve got to get away haven’t you ) for this year. Might also hold off on buying another £700 banger to get me to work
I’m paid in the dollar and it feels that the pound has lost buying value. Yes my pays gone up, but my shopping feels that it’s gone up by the same %
For somebody holding shares in US dollars, this is amazing. More pounds!
Last I checked, a moment ago it was 0.5% up. I think reporting on a currency if flux like this is silly.
I put a £1K short on this morning, was up £350 but now down £550…bad news for me, good news for the £.
The idea was to do a capitalism to pay my energy bills – this isn’t going as planned.
I’ll probably be Chancellor in a few years.
I hope all of those who voted Labour out when they were last in power because “they are bankrupting the country” will now do the same and vote out the Tories.
My colleague flew out to Orlando yesterday. Disney world has closed due to a hurricane and a pound won’t buy you a dollar. Worst timed holiday in history?
This is a great time for me to be travelling to the USA 🙂
I was advised against changing any currency when Boris was PM, told to hang on because once the govt was established, confidence in the £ would bounce back.
Hahahahahahahahahahahaha nope
Now all the drunk hungarian bachelors can come have drunk stagdoes in england and behave like shite!
Can we use a different currently? The US dollar is on the up irrespectively anyways. The Euro is on the decline too.
Some point 2003-2006 I got $1.98 to a pound. Today it is $1.08. Appalling.
> The pound has fallen further in value against the US dollar – slumping 1.5% to $1.0570.
That article aged well….it’s now sitting at 1.08222.
But why when I check how much pounds I get for my euros it stays exactly the same?
Reality has continued mercilessly while Queenie’s death gave the public temporary amnesia towards the country’s woes.