“Reason #3: Industrial production in the United Kingdom has maintained double-digit losses since January: -12.1%; February: -12.7%; March: – 12.6%; April: -12.4%; May: -11.9%; June: -11.1%. Without production, nothing sells. No sales.. no income. No income… no jobs.
August 31st, 2009 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "pound"
Whiskey & Gunpowder
For the present, there is hardly anyone who is an immediate advocate of joining the euro, though there are plenty of europhiles who would expect Britain to join the euro at some future date. At the same time, the euro has become more attractive to the weaker European currencies which are outside the Eurozone…
February 26th, 2009 | William Rees-Mogg | 4 comments | Continued