Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
Politics and Economics-2017 Election
+ Reply to discussion
Options
King Lodos
Posted: 28 May 2017 20:33:48(UTC)
#23

Joined: 05/01/2016(UTC)
Posts: 11,046

Thanks: 6166 times
Was thanked: 30411 time(s) in 8333 post(s)
The falling pound's probably the best thing for us, given our current level of debt.

Every point the pound falls is value wiped off the debt, while earnings, exports and taxes go up to compensate. It's basically what the world's trying to achieve, and I think puts us in a much more secure position for future growth.
Back to top Quote
6 users thanked King Lodos for this post.
Micawber on 29/05/2017(UTC), Alan Anderson on 29/05/2017(UTC), Sara G on 29/05/2017(UTC), Ivor Grouse on 29/05/2017(UTC), Jon Snow on 31/05/2017(UTC), Andrew Smith 259 on 05/06/2017(UTC)
Richard Lambert
Posted: 28 May 2017 20:52:02(UTC)
#25

Joined: 17/08/2010(UTC)
Posts: 49

Thanks: 73 times
Was thanked: 82 time(s) in 31 post(s)
I dont think it was Tory policy to devalue the pound either professor.
Back to top Quote
1 user thanked Richard Lambert for this post.
Andrew Smith 259 on 05/06/2017(UTC)
jeffian
Posted: 28 May 2017 22:35:26(UTC)
#26

Joined: 09/03/2011(UTC)
Posts: 954

Thanks: 808 times
Was thanked: 2222 time(s) in 632 post(s)
The answer is simple; vote for the local candidate who most closely represents your views. The huge mistake of modern politics is that the party system presents this as a choice of leader (where's David Cameron now?) or a party apparatchik who has more likely than not been foisted on the constituency by Central Office in London and knows as much about local issues and the views of constituents as I do about astrophysics.
Back to top Quote
2 users thanked jeffian for this post.
Jon Snow on 29/05/2017(UTC), Keith Cobby on 30/05/2017(UTC)
Micawber
Posted: 29 May 2017 06:34:50(UTC)
#24

Joined: 27/01/2013(UTC)
Posts: 1,975
King Lodos;47259 wrote:
The falling pound's probably the best thing for us, given our current level of debt.

Every point the pound falls is value wiped off the debt, while earnings, exports and taxes go up to compensate. It's basically what the world's trying to achieve, and I think puts us in a much more secure position for future growth.

Agree. The state of the pound is both an index of the (self-created) problems the UK faces, and a significant means of overcoming them. But I'll want to see evidence that it's bottomed out, and evidence that 'future growth' has gained momentum after Brexit takes effect, before I remove the current underweight of UK in my pfs.

Not to mention the outcome on 8 June...... where the leadership is in fact of vital importance.
Back to top Quote
 |  Edit by user
Prof Eman
Posted: 29 May 2017 12:07:20(UTC)
#27

Joined: 08/04/2010(UTC)
Posts: 480
King Lodos/Micawber
The GDP when expressed in foreign currency for comparison sake because of the devaluation becomes less and less. We were the fifth largest economy previously but now some estimates make us the seventh.
If we carry on with devaluations over Brexit we can become possibly the tenth.
A small insignificant island off the EU?
Not sure how acceptable that is?
Back to top Quote
Micawber
Posted: 29 May 2017 12:17:22(UTC)
#28

Joined: 27/01/2013(UTC)
Posts: 1,975
Prof Eman;47282 wrote:
King Lodos/Micawber
.
A small insignificant island off the EU?
Not sure how acceptable that is?


It is what it is, acceptable or not.

The Swiss, the Australians, the Canadians have a high standard of living and seem to enjoy themselves....

And if we are to be an offshore theme park and tax haven, we can try to be the best offshore theme park and tax haven.

We *could* also commit heavily to AI and robotics to make sure we are employed in their production, rather than held back by the Luddites (guess who?). It will come anyway, so the UK would be best advised to profit from being in the van.
Back to top Quote
 |  Edit by user
3 users thanked Micawber for this post.
Sara G on 29/05/2017(UTC), dyfed on 29/05/2017(UTC), Andrew Smith 259 on 05/06/2017(UTC)
Prof Eman
Posted: 29 May 2017 14:16:54(UTC)
#29

Joined: 08/04/2010(UTC)
Posts: 480
xcity
Conservatives selling the family silver.
Some aspects of renationalisation are very popular, seems the cesspit argument does not appeal to all the users of the services.
Back to top Quote
cliff aner
Posted: 29 May 2017 15:53:07(UTC)
#31

Joined: 24/02/2011(UTC)
Posts: 45

Thanks: 318 times
Was thanked: 51 time(s) in 19 post(s)
Just heard again for the umpteenth time Germany sells us 800,000 cars a year and needs a good deal.If they were to lose 25% of those sales due to tariffs, that would represent 3.5% of their 2016 annual production (5,746,808) and there would be a vacuum in the EU from our lost sales. But never mind the French still need to sell us their wine and until the next decline in the £ we are still just about the 5th biggest economy.....
Back to top Quote
1 user thanked cliff aner for this post.
Andrew Smith 259 on 05/06/2017(UTC)
Ivor Grouse
Posted: 29 May 2017 17:54:45(UTC)
#30

Joined: 05/09/2016(UTC)
Posts: 26
Prof Eman;47290 wrote:
xcity
Conservatives selling the family silver.
Some aspects of renationalisation are very popular, seems the cesspit argument does not appeal to all the users of the services.


What indeed are these popular aspects.
Do we really wan't to go back to fatcat nationalisation where nothing arrives on time, costs twice as much and breaks down on a rgular basis.
Back to top Quote
Ivor Grouse
Posted: 29 May 2017 18:08:38(UTC)
#22

Joined: 05/09/2016(UTC)
Posts: 26
Prof Eman;47252 wrote:
Some aspects of conservative policy make me tremble see to-day's Citywire -Sunday Papers: Pounds fall "the worst devaluation in history" from a source most of you are unlikely to label left wing.


Prof Eman
Don't worry about devaluation, its the marxists you need to worry about.
Thousands of them all backing Corbyn.
Just remember in the 70's Labour promised us prosperity under a social chapter with unions ... instead they left us with industry in total tatters and the country bankrupt. 'Never again' cried the voters as they turned their back on Labour and voted for a new beginning under Thatcher.
Moving on 17years 'New Labour' promised reform and asked us to vote for our childrens future under the banner of 'education, education,education'.
Once elected they used the national lottery to pay for school books and immediately set about raiding pension savings and the country's reserves to fund their social spending. Alas, after many disasters it came to pass that Labour's hidden agenda had once again led the country to ruin, ruin, and more ruin. . As for education, we slipped further down the table.
Now we are now asked to believe that Corbyn, Abbott, McDonnell with the unions at their side have a better plan for Britains prosperity.
I think not!!
Should they succeed though they may have inadvertently solved the immigration problem as true Brits queue leave the country in yet another labour inspired brain drain. For me Theresa May is our only hope . I'm relying on her and just hope that many more do the same.
Back to top Quote
7 users thanked Ivor Grouse for this post.
Drogue on 29/05/2017(UTC), Alan Selwood on 29/05/2017(UTC), Mr Helpful on 30/05/2017(UTC), S Dobbo on 31/05/2017(UTC), Jon Snow on 31/05/2017(UTC), Stephen Garsed on 01/06/2017(UTC), Andrew Smith 259 on 05/06/2017(UTC)
18 PagesPrevious page12345Next page»
+ Reply to discussion

Markets

Other markets