SupraAyf Posted December 4, 2008 Share Posted December 4, 2008 I thought: "Interest drop = better UK export potential = stronger pound? Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 4, 2008 Author Share Posted December 4, 2008 might be a good time to convert to the euro, drag that down with us Quote Link to comment Share on other sites More sharing options...
SteveR Posted December 4, 2008 Share Posted December 4, 2008 I thought: "Interest drop = better UK export potential = stronger pound? Interest rate drop = UK is a crap place for your money/investments = weakening pound. If we were a net exportor, it might be good news, but we're not. We're fooked. Quote Link to comment Share on other sites More sharing options...
Gaz Walker Posted December 4, 2008 Share Posted December 4, 2008 We're fooked. Thanks for summarising that for us Steve Quote Link to comment Share on other sites More sharing options...
Snooze Posted December 4, 2008 Share Posted December 4, 2008 Good explanation Steve. That sums it all up in two lines! Quote Link to comment Share on other sites More sharing options...
Charlotte Posted December 4, 2008 Share Posted December 4, 2008 If we were a net exportor, it might be good news, but we're not. We're fooked. So basically what you're saying is, if Thatcher hadn't killed off all the industry in the country then we'd have something to export? I'm moving to China, they have all the steel. Quote Link to comment Share on other sites More sharing options...
SteveR Posted December 4, 2008 Share Posted December 4, 2008 Thanks for summarising that for us Steve lol sorry dude. Must be extra tricky for importers like yourself. Maybe sell the parts you have in stock back to Japan? Quote Link to comment Share on other sites More sharing options...
SteveR Posted December 4, 2008 Share Posted December 4, 2008 So basically what you're saying is, if Thatcher hadn't killed of all the industry in the country then we'd have something to export? I'm moving to China, they have all the steel. China is slightly fooked too, as they export all there cheap electronics and gubbins to countries like us and America, who dont' have any money to spend on gubbins any more as (very generally speaking) we're all losing our jobs or holding on to our money a bit more as we're worried about losing our jobs. Lose lose! Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 4, 2008 Share Posted December 4, 2008 So basically what you're saying is, if Thatcher hadn't killed of all the industry in the country then we'd have something to export? I'm moving to China, they have all the steel. We make and export more cars now than we've ever done before. The unions have their fair share to blame for the demise of blue colour industry, an example would be the union I'm a member of, who want to fight against a pay freeze our company has just implemented. Anyone with a brain can see why the company has frozen the pay rise (loans are bigger than profits, massively reduced income, banks having tougher covenants & lending criteria) but no, the union are grandstanding and want to take some sort of action and seemingly would rather 'do a GM' and see the company go under than sacrifice a 3% pay rise. Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 4, 2008 Author Share Posted December 4, 2008 We make and export more cars now than we've ever done before. The unions have their fair share to blame for the demise of blue colour industry, an example would be the union I'm a member of, who want to fight against a pay freeze our company has just implemented. Anyone with a brain can see why the company has frozen the pay rise (loans are bigger than profits, massively reduced income, banks having tougher covenants & lending criteria) but no, the union are grandstanding and want to take some sort of action and seemingly would rather 'do a GM' and see the company go under than sacrifice a 3% pay rise. Yes, but are the EXECs still getting £££££££ bonus? Thats the dodgy end. Why should the lower side of staff suffer, just because the EXEC(s) want the BIG bonuses! Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 4, 2008 Share Posted December 4, 2008 Yes, but are the EXECs still getting £££££££ bonus? Thats the dodgy end. Why should the lower side of staff suffer, just because the EXEC(s) want the BIG bonuses! Everyone from top to bottom is getting the same deal. btw, the chief of Ford MoCo is working for a dollar per year. Quote Link to comment Share on other sites More sharing options...
Charlotte Posted December 4, 2008 Share Posted December 4, 2008 We make and export more cars now than we've ever done before. Enough to sustain the economy though? Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 4, 2008 Author Share Posted December 4, 2008 Everyone from top to bottom is getting the same deal. btw, the chief of Ford MoCo is working for a dollar per year. but what else does he get if he meets X targets... Quote Link to comment Share on other sites More sharing options...
SteveR Posted December 4, 2008 Share Posted December 4, 2008 We make and export more cars now than we've ever done before. Phew, we're saved! Oh, hang about... Quote Link to comment Share on other sites More sharing options...
vase Posted December 4, 2008 Share Posted December 4, 2008 1.15 Euro Lucky me. I'm watching the for sale section like a hawk. Quote Link to comment Share on other sites More sharing options...
carl0s Posted December 4, 2008 Share Posted December 4, 2008 btw, the chief of Ford MoCo is working for a dollar per year. He can afford to: Ford CEO Paid $39.1 Million for Four Months The Associated Press Thursday 05 April 2007 Exec's compensation comes after automaker lost $12.7 billion in 2006. Alan Mulally, Ford Motor Co.'s new president and chief executive officer, received compensation valued at $39.1 million during his four months on the job last year, according to an analysis of a federal regulatory filing made Thursday. Mulally succeeded Bill Ford as CEO of the Dearborn, Mich.-based company on Sept. 1. The nation's second-biggest automaker lost $12.7 billion in 2006, the largest loss in its 103-year history, largely due to a massive restructuring plan undertaken amid a withering assault from Asian automakers that have taken an increasing share of the U.S. auto market. Ford expects more losses this year and in 2008, but expects to return to profitability in 2009. Mulally was paid a salary of $666,667 in 2006, a prorated amount based on the $2 million annual salary that the company agreed to pay him, according to Ford's proxy statement filed with the Securities and Exchange Commission. Mulally also received a $7.5 million hiring bonus and $11 million to offset performance and stock option awards that he forfeited when he left his previous employer, aircraft maker Boeing Co. He got other compensation totaling $334,433, which included $172,974 for required use of corporate aircraft and $55,469 for relocation costs and temporary housing. Ford also gave Mulally stock and options awards that had an estimated value of $19.6 million when they were granted his first day on the job, the company said. Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 4, 2008 Share Posted December 4, 2008 So near as dammit a 100% pay cut then. Quote Link to comment Share on other sites More sharing options...
carl0s Posted December 4, 2008 Share Posted December 4, 2008 So near as dammit a 100% pay cut then. lol Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 4, 2008 Share Posted December 4, 2008 lol Well, yes, he was raking it in like no tomorow (becuase there may not be one) but the point remains. Quote Link to comment Share on other sites More sharing options...
Pete Posted December 4, 2008 Share Posted December 4, 2008 how far can it go for the £ to be scrapped ? Oh please please let it happen. Lets get the pound down to 1:1 and then switch to the Euro. It makes so much more sense. Quote Link to comment Share on other sites More sharing options...
SteveR Posted December 4, 2008 Share Posted December 4, 2008 Oh please please let it happen. Lets get the pound down to 1:1 and then switch to the Euro. It makes so much more sense. Noooooooooooooooooo It doesn't need to reach parity to let us join the Euro. Dropping to 1:1 would be horrendous. Quote Link to comment Share on other sites More sharing options...
Pete Posted December 5, 2008 Share Posted December 5, 2008 Noooooooooooooooooo It doesn't need to reach parity to let us join the Euro. Dropping to 1:1 would be horrendous. Seeing as most people seem to be against the Euro for whatever traditionalist irrational reasons they have it will probably have to come to that before they dare to try it in order to gain public support. Quote Link to comment Share on other sites More sharing options...
SteveR Posted December 5, 2008 Share Posted December 5, 2008 Seeing as most people seem to be against the Euro for whatever traditionalist irrational reasons they have it will probably have to come to that before they dare to try it in order to gain public support. Stupid public don't realise it's a bad deal Vs joining it when we were getting 1.5, or even the current, crummy 1.15. Quote Link to comment Share on other sites More sharing options...
Whitesupraboy2 Posted December 11, 2008 Share Posted December 11, 2008 Any sign of a fightback? i know the euro is down to 1.12 now and dollar about 1.47 I think Quote Link to comment Share on other sites More sharing options...
grahamc Posted December 11, 2008 Author Share Posted December 11, 2008 Any sign of a fightback? i know the euro is down to 1.12 now and dollar about 1.47 I think No... YEN is 136 Quote Link to comment Share on other sites More sharing options...
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