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(CNN)   CNN explains why it's bad the UK is getting pounded by the pound. Chuck Tingle unavailable for comment   (cnn.com) divider line
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244 clicks; posted to Business » on 27 Sep 2022 at 7:05 AM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-09-27 6:54:08 AM  
Because it makes imports -- such as food and energy -- very, very expensive.

Say a liter of gas costs $1.00 to import. A year ago, Brits would pay GBP 0.73. Today, they're paying GBP 1. That is almost a 40% increase in fuel costs.
 
2022-09-27 7:18:53 AM  
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2022-09-27 7:41:56 AM  
I am curious.  Do the conservatives plan to privatize the NHS and eliminate pensions to pay for the tax cut for the wealthy?  Because that's an absurdly lopsided deal for the rich.
 
2022-09-27 8:00:38 AM  
Northern:Because that's an absurdly lopsided deal for the rich.

That is the entire Tory plan.
 
2022-09-27 8:03:16 AM  
Is Subby implying that a weak currency is fine because CNN says it isn't?

As a resident of a country currently getting pounded into the ground by a strong dollar, I have to say it sucks a lot.
 
2022-09-27 8:11:52 AM  
Britain is trying to live in the after-glow of its empire years even though the rest of the world now refers to 'empire' & 'colonialism' as 'genocide'.
The place is mired & stuck in its own history.
 
2022-09-27 8:30:17 AM  

oldfarthenry: Britain is trying to live in the after-glow of its empire years even though the rest of the world now refers to 'empire' & 'colonialism' as 'genocide'.
The place is mired & stuck in its own history.


Yep. During the Brexit vote, I remember some old woman saying they did fine during WWII, so they could do fine without Europe now. Completely ignoring they only got by because they were raping the resources of places like India, and getting cheap/free supplies from the US.
 
2022-09-27 8:36:30 AM  
On the plus side, though, it's great for people who neither live nor work in the UK...
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2022-09-27 8:43:50 AM  

I Ate Shergar: On the plus side, though, it's great for people who neither live nor work in the UK...
[Fark user image 640x1386]


lololololololol

Cheerleading the impoverishment of your own people so you can buy a house.  That's the boomer spirit I like to see.
 
2022-09-27 9:09:33 AM  

oldfarthenry: Britain is trying to live in the after-glow of its empire years even though the rest of the world now refers to 'empire' & 'colonialism' as 'genocide'.
The place is mired & stuck in its own history.


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2022-09-27 9:20:53 AM  
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Mr. Tingle is rarely unavailable for comment on the implications of pounding, weak or strong.
 
2022-09-27 10:16:13 AM  

Northern: I am curious.  Do the conservatives plan to privatize the NHS and eliminate pensions to pay for the tax cut for the wealthy?  Because that's an absurdly lopsided deal for the rich.


you understand perfectly.
 
2022-09-27 12:25:07 PM  
Maybe they could try teaming up with the rest of Europe in some sort of economic union creating a common market that would make all their goods cheaper for each other?
 
2022-09-27 1:20:35 PM  
I'd like to congratulate the British people for managing to find someone worse than Boris Johnson. It wasn't an easy task since a zombie Margaret Thatcher wasn't happening, but you certainly didn't let a little hurdle stop you.
 
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