Discussion in 'United Kingdom' started by Jumping Jedi Flash, Jan 2, 2002.
Should us Brits keep or scrap the pound?
(I think this has been done before but it seems a good time to do it again)
for opinions on it
I dont know any pro euro ones (maybe try the labour website!)
I won't vote yet cause I'm not that clued up. But I do think we are better off out at the moment even if our export and manufacturing industry suffer.
Likewise Chet... don't really know enough about it, but I'd say keep the pound cos I like the ones with oak trees and three lions on them.. they're lucky in the fruit machine down the Crown & Sceptre!
I know the pound handles well against recession..but man we can't ignore that we are part of Europe forever...
But saying that..I am not clued up either...but to re-learn a new currancy would be a drag..
eventually I think we should join the Euro
LOL @ Sam. You been gambling again?
We took years to join the EC but we were glad when we did. The UK just hates change. Our nation went round chanting things like,"Those mobile phones'll never catch on..."
That said, stuff the Euro for now. Or at least till I get to play with it on holiday. And the Euro
If it means more hardcore Pornography on the top shelf of your local newsagents...
I say bring it on!!!
I can never help putting a couple quid in the fruitie if I've got an oak tree in my pocket
eventually I think we should join the Euro
Were in europe aint that enough, i mean europe worked fine without the euro. (well apart from all the corruption etc, but that will continue anyway)
People saying, "it will be easier to convert prices"
A tad easier but how lame are you you cant convert Â£1.67 to Guilders or something? Just need to know the exchange rate and you can easily fine that if you are looking at different countries prices!
We have the fourth strongest economy in the world we will just be dragged down by those euroland people! (eurodisney, still mickey mouse money)
I hear what you're saying..but when you go to Germany and see a healthy economy working with the Euro..it looks appealing..they are trading well with Europe and it's getting the US banks interested...
I mean we have the greatest country in the world..but we're still ikkle
I am fully in favour of moving to the Euro. It is about time that we accepted that we are part of Europe instead of retaining this insular outlook. Its time we moved forward, not backwards!
Ooooo am I the only one clued up on this?
I'm very much against the Euro.
Yes France and Germany are 2 of the biggest markets in the world. But let us not forget the fact that Germany went into the market with an overvalued currency. As a country, it too has been suffering rather major effects of economic slowdown
The fact that we don't have the euro and they do should not effect trade with these countries. The EU tries to make more effective trade between member countries by reducing tarrifs of trade between members and increasing them for non-members eg the UK is cheaper to trade with Germany than say Japan
The most important part is that the Birtish economy is in too strong a state to join the Euro - we wouldn't be doing the economy any favours by joining while the pound is so strong. And this is the reason I think that the political parties have been reluctant thus far to join (save from Blair who doesn't seem to know when to stop destroying Britain)
Although my main reason is that my beloved R1 and especially R4 DVDs will become proportionally more expensive
EDIT: would also like to add that the reason that France especially is pushing for a vote is due to the fact that they think that the British economy joining in with the euro would seriously increase the value of the Euro on the market
So much for the insular outlook, eh?
I thought it was something like that, but you expressed it far better than I could! I remember having this same argument in a Brainstrust a couple years ago.
Ooo I got tingly there - first time I've ever gone into full economist mode. Maybe there'a career in it for me after all
having an overly strong pound doesn't do the country that much good, yeah its great when you go on holiday or buy something from abroad but our exports suffer because they're too expensive comparatively to other countries.
oooh I don't know which side of the fence to fall on. my head is going to explode.
Me too. Dunno which is better to be honest. If and when the referendum happens, I won't know then either... waaah!!
Actually pdub, it's a lot of the specialised UK industries that keep exports high (In Japan they'll pay 10 times more for a bottle of malt whisky than we do here). The UK IS an expensive country to invest in - but the point is that you will reap dividends from your investment because the UK has a higher rate f economic growth in comparison to other countries. This is the reason that people will continue to invest into and export from the UK
It's not the euro that bothers me. It's the massve price hykes they'll try to cover up with it.
well aren't you a fountain of knowledge today Andy.
Though you are right about that. But on a large manufacturing basis, aren't we expensive? I though thta's why cars and engines aren't built here anymore. Though I could be talking complete bollocks. It's been a long time since I did economics.
You've stumped me with that one Chet... I'll have togo consult my notes
6 vs 2!!!! sweet the pound is still a valid currency around here!
There was some dumb ass 13itch in the paper today saying, if we join the euro we would never get ripped off again etc etc our cds would come in line with europe. etc etc.
But she didnt look at it the over way that the giant hype global mega corporations will raise prices over europe and leave our prices the same! DUmb 13itch.
Anyway so why would r1 dvds be more expensive if we join? (NOOOOO!!!)
Also yeah the euro is just hovering around equal to a dollar and thats bad basically all the countries that joined didnt want to see it go below the us currency.
True if we join the strentgh of the euro will go up cause we have such a good economy etc.
Basically you can get more $ per pound than $ per E - if we change to the euro it means that imports of these become more expensive