The Rise and Fall of GBP
#61
BE Enthusiast
Joined: Feb 2014
Location: Marikina Philippines
Posts: 885
Re: The Rise and Fall of GBP
Currency exchange rates are partly influenced by confidence and interest rates. One of the reasons why most of the worlds currencies are weak against the USD is that the Federal Reserve increased interest rates before anyone else,
#62
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Joined: Jan 2015
Posts: 2,352
Re: The Rise and Fall of GBP
https://ph.news.yahoo.com/first-worl...6Xrbg9_pFBiJa6
Saw this on my Google news feed this morning. The UK example in line with what posters here have said.
Singapore based OFWs have benefited this year from an appreciation of their dollar against the PHP but it's the reverse for those in the UK . On top of that we know Thursday's delayed autumn statement will raise taxes. Will it push up sterling to compensate? Maybe,but tax rises are unpalatable to most Tory MPs and spending cuts to many. Leaving government stability there doubtful.
Saw this on my Google news feed this morning. The UK example in line with what posters here have said.
Singapore based OFWs have benefited this year from an appreciation of their dollar against the PHP but it's the reverse for those in the UK . On top of that we know Thursday's delayed autumn statement will raise taxes. Will it push up sterling to compensate? Maybe,but tax rises are unpalatable to most Tory MPs and spending cuts to many. Leaving government stability there doubtful.
#64
BE Forum Addict
Joined: Feb 2014
Location: Capiz
Posts: 1,646
Re: The Rise and Fall of GBP
https://ph.news.yahoo.com/first-worl...6Xrbg9_pFBiJa6
Saw this on my Google news feed this morning. The UK example in line with what posters here have said.
Singapore based OFWs have benefited this year from an appreciation of their dollar against the PHP but it's the reverse for those in the UK . On top of that we know Thursday's delayed autumn statement will raise taxes. Will it push up sterling to compensate? Maybe,but tax rises are unpalatable to most Tory MPs and spending cuts to many. Leaving government stability there doubtful.
Saw this on my Google news feed this morning. The UK example in line with what posters here have said.
Singapore based OFWs have benefited this year from an appreciation of their dollar against the PHP but it's the reverse for those in the UK . On top of that we know Thursday's delayed autumn statement will raise taxes. Will it push up sterling to compensate? Maybe,but tax rises are unpalatable to most Tory MPs and spending cuts to many. Leaving government stability there doubtful.
#65
BE Forum Addict
Joined: Jan 2015
Posts: 2,352
Re: The Rise and Fall of GBP
The pound took a bit of a dive a year ago. Better to look at it from around July last year when it was touching 70 at times. Volatile but a downward trend
to 66-67 with deeper downs than ups.
#66
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Joined: Nov 2012
Posts: 1,643
Re: The Rise and Fall of GBP
Now that the tory politicians have been at pains to reinforce the reality that they deem the state pension to be a state benefit and not a right built up from your contributions, the triple lock is now on its last legs pending the next election
I suspect they will link state pensions and minimum wage and see any increase to be the average of the three measures not the highest , that way they will claim the that triple lock has been preserved. In addition I can see them extending the payment freeze to ALL expats, saying those in the UK get priority. The one I dread is the suspension of all future state pensions benefits to those who reside abroad.
Certainly has made me re think my plan to get the missing 9 years in before april 5 2023
I suspect they will link state pensions and minimum wage and see any increase to be the average of the three measures not the highest , that way they will claim the that triple lock has been preserved. In addition I can see them extending the payment freeze to ALL expats, saying those in the UK get priority. The one I dread is the suspension of all future state pensions benefits to those who reside abroad.
Certainly has made me re think my plan to get the missing 9 years in before april 5 2023
#67
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Joined: Feb 2014
Location: Capiz
Posts: 1,646
Re: The Rise and Fall of GBP
Now that the tory politicians have been at pains to reinforce the reality that they deem the state pension to be a state benefit and not a right built up from your contributions, the triple lock is now on its last legs pending the next election
I suspect they will link state pensions and minimum wage and see any increase to be the average of the three measures not the highest , that way they will claim the that triple lock has been preserved. In addition I can see them extending the payment freeze to ALL expats, saying those in the UK get priority. The one I dread is the suspension of all future state pensions benefits to those who reside abroad.
Certainly has made me re think my plan to get the missing 9 years in before april 5 2023
I suspect they will link state pensions and minimum wage and see any increase to be the average of the three measures not the highest , that way they will claim the that triple lock has been preserved. In addition I can see them extending the payment freeze to ALL expats, saying those in the UK get priority. The one I dread is the suspension of all future state pensions benefits to those who reside abroad.
Certainly has made me re think my plan to get the missing 9 years in before april 5 2023
#68
Re: The Rise and Fall of GBP
#69
Forum Regular
Joined: Nov 2019
Location: Makati
Posts: 116
Re: The Rise and Fall of GBP
Now that the tory politicians have been at pains to reinforce the reality that they deem the state pension to be a state benefit and not a right built up from your contributions, the triple lock is now on its last legs pending the next election
I suspect they will link state pensions and minimum wage and see any increase to be the average of the three measures not the highest , that way they will claim the that triple lock has been preserved. In addition I can see them extending the payment freeze to ALL expats, saying those in the UK get priority. The one I dread is the suspension of all future state pensions benefits to those who reside abroad.
Certainly has made me re think my plan to get the missing 9 years in before april 5 2023
I suspect they will link state pensions and minimum wage and see any increase to be the average of the three measures not the highest , that way they will claim the that triple lock has been preserved. In addition I can see them extending the payment freeze to ALL expats, saying those in the UK get priority. The one I dread is the suspension of all future state pensions benefits to those who reside abroad.
Certainly has made me re think my plan to get the missing 9 years in before april 5 2023
I expect they will do something to inheritance tax as well that will be disadvantageous to all of us.
Seems these Tories, who used to do "the right thing " now just cant help going after normal people and putting their grubby hands in our pockets., wherever we choose to live.
#70
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Joined: Nov 2012
Posts: 1,643
Re: The Rise and Fall of GBP
Id suggest to get those missing 9 years in and paid for asap. Was chatting to an Italian mate the other day and he has 12 years paid into his Italian system. He checked and the threshold is 20 years and as he understands, he cant pay the missing years. One point ot UK in allowing us to be able to do so.
I expect they will do something to inheritance tax as well that will be disadvantageous to all of us.
Seems these Tories, who used to do "the right thing " now just cant help going after normal people and putting their grubby hands in our pockets., wherever we choose to live.
I expect they will do something to inheritance tax as well that will be disadvantageous to all of us.
Seems these Tories, who used to do "the right thing " now just cant help going after normal people and putting their grubby hands in our pockets., wherever we choose to live.
i do not want to pay in over 7g to find that my state pension may not get paid if I live overseas, In addition the damage caused to the much reduced to almost nil widows benefit makes me think it is not worth it
I have until 05/04 to decide
#72
Forum Regular
Joined: May 2016
Posts: 106
Re: The Rise and Fall of GBP
I was going to pay in . I will wait for this budget announcement. i do not want to pay in over 7g to find that my state pension may not get paid if I live overseas, In addition the damage caused to the much reduced to almost nil widows benefit makes me think it is not worth it I have until 05/04 to decide
#73
#75
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Joined: Nov 2012
Posts: 1,643
Re: The Rise and Fall of GBP
Good news! The chancellor confirmed that next April the state pension will rise in line with September’s inflation rate of 10.1%. My advice would be to get those missing years paid up as soon as possible. Each year you delay paying, the amount due increases, by quite a lot.