★
DAON-PHOBLACHT
CHORCAÍ
Home
baile
Forums
fóraim
Tickets
ceol
Event Guide
Imeachtaí
Street Art
ealaíon sráide
Articles
ailt
Cork Slang
béarlagair
Contact
teagmháil
Shop
siopa
Articles
Cork Slang
Forums
Events
Shop
Search, boy
Order search results by
Date of last reply
Date thread created
Order search results by
Current events
Archive
Home
Forums
Forum list
Search forums
What's new
New posts
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
Forum list
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Current & Local Affairs
Pound Sterling R.I.P?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Actin The Sham" data-source="post: 2388665" data-attributes="member: 91"><p>I'm just grateful that we are in the Euro. I do a bit of business in the UK, and I increased my charges by 10% last week in the wake of the weakness of their currency. Luckily I am in a very niche high tech market so I can get away with it, but I wouldn't like to be exporting "commodities" over there as it were.</p><p></p><p></p><p>The UK cut their VAT rates in order to stimulate consumer spending which is what got them into this mess in the first place. A French analyst yesterday said that they would not follow that course of action, as that would mean that French consumers would "just buy more Chinese television sets."</p><p></p><p>Instead, they are going to spend more on capital infrastructural projects like more railways, motorways and school building in order to keep the money in France. So are Germany. And funnily enough, little old Ireland is maintaining it's capital infrastructural investment programme for next year and has increased VAT rates. Our capital spending for next year will be 6% of GDP, whereas the French and Germans are increasing their spending to 1.5% of GDP in order to stimulate their economies.</p><p></p><p>We are repairing an infrastructure deficit, granted, but we would be much worse off if we cancelled all capital infrastructure investment and were outside the Eurozone.</p></blockquote><p></p>
[QUOTE="Actin The Sham, post: 2388665, member: 91"] I'm just grateful that we are in the Euro. I do a bit of business in the UK, and I increased my charges by 10% last week in the wake of the weakness of their currency. Luckily I am in a very niche high tech market so I can get away with it, but I wouldn't like to be exporting "commodities" over there as it were. The UK cut their VAT rates in order to stimulate consumer spending which is what got them into this mess in the first place. A French analyst yesterday said that they would not follow that course of action, as that would mean that French consumers would "just buy more Chinese television sets." Instead, they are going to spend more on capital infrastructural projects like more railways, motorways and school building in order to keep the money in France. So are Germany. And funnily enough, little old Ireland is maintaining it's capital infrastructural investment programme for next year and has increased VAT rates. Our capital spending for next year will be 6% of GDP, whereas the French and Germans are increasing their spending to 1.5% of GDP in order to stimulate their economies. We are repairing an infrastructure deficit, granted, but we would be much worse off if we cancelled all capital infrastructure investment and were outside the Eurozone. [/QUOTE]
Verification
Post reply
Home
Forums
Current & Local Affairs
Pound Sterling R.I.P?
Top