LitchLitch
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I'm an old fart, most of my life the pound has been worth between $1.50-$2.00, it is about to fall below the dollar because the conservative have decided that facing shortages of heating and electricity this winter and trade stymied by their inane brexit the best possible course for them to take is give massive tax cuts to the richest people in their country.
I could talk about how from the 60s to the 2010s the debt to GDP ratio there was 25-40%, when the tories came into power in 2010 it shot up to 80% and now it is over 100%. For comparison the US debt usually runs ~5%, it spiked up to nearly 15% when covid hit but has since fallen back down to normal.
JustADayTripper
Has there been a prime minister you like this millenium? not british and was too young back then but thought blair was conservative backthen
WoofBastard
Gosh, there's nothing that a tax cut to the rich can't cure! /s
d0o0o0d
I think this is mostly because the US Treasury is increasing interest rates in an attempt to get inflation under control.
LitchLitch
No, they are falling compared to most other currencies. It is very much a them thing.
LitchLitch
Also the timing in no way matches up with that idea, it didn't start to go into free fall before they announced their tax cut budget.
d0o0o0d
....your info is a bit out of date. The last rate hike (0.75) was two days ago. Before that, they hiked it in june.
TheOnlyCanadianWhoDoesNotLikeHockey
superhans1988
No one cares that you don’t care
LitchLitch
Is that because you don't understand why this is a problem or because youre a sociopath?
TheOnlyCanadianWhoDoesNotLikeHockey
LitchLitch
The answer to both is that the british economy is big enough if it starts going under it will have an impact on you.
TheOnlyCanadianWhoDoesNotLikeHockey