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-   -   Pounds down again. (https://britishexpats.com/forum/spain-75/pounds-down-again-746566/)

bobd22 Mar 20th 2012 11:42 pm

Re: Pounds down again.
 

Originally Posted by jackytoo (Post 9964643)
There is a glimmer of light in the gloom.

However, with only one month of the financial year to go, the government still looks set to beat its borrowing target of £127bn for 2011-12, though not by as much as previously anticipated.

Pound isn't down much, has average 1.19/1.20 for ages. Footsie down though...maybe budget jitters:lol:

True Jack but it is the out of the blue fob off that hacks me off

Domino Mar 21st 2012 12:01 am

Re: Pounds down again.
 
where does this "out of the blue" bit come from ? ?

surely this is March, the new fiscal year starts in a couple of weeks (6 Apr IIRC) and the final figures are being balanced

on top of that, all those with budgets are making sure they have at least spent to or over their limit to ensure they get the same amount next year

some of this comes down to the macho idea that the bigger the budget the bigger the manager, it has nothing to do their ability to actually control and rein in a budget - like they expect the public to do

bobd22 Mar 21st 2012 12:09 am

Re: Pounds down again.
 

Originally Posted by Domino (Post 9964684)
where does this "out of the blue" bit come from ? ?

surely this is March, the new fiscal year starts in a couple of weeks (6 Apr IIRC) and the final figures are being balanced

on top of that, all those with budgets are making sure they have at least spent to or over their limit to ensure they get the same amount next year

some of this comes down to the macho idea that the bigger the budget the bigger the manager, it has nothing to do their ability to actually control and rein in a budget - like they expect the public to do

http://uk.reuters.com/article/2012/0...82K0GG20120321

Domino Mar 21st 2012 12:21 am

Re: Pounds down again.
 

Originally Posted by bobd22 (Post 9964695)

ah, so not a Government statement but said by Philip Shaw, economist at Investec - an investment managment company
perhaps he took his eyes off the ball for a moment

so any bets on what colour tie Osbourne will be wearing ??


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