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Pounds down again.

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Pounds down again.

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Old Mar 20th 2012 | 11:42 pm
  #76  
Lost in BE Cyberspace
 
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Default Re: Pounds down again.

Originally Posted by jackytoo
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
True Jack but it is the out of the blue fob off that hacks me off
 
Old Mar 21st 2012 | 12:01 am
  #77  
 
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From: In the middle of 10million Olive Trees
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Default 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
 
Old Mar 21st 2012 | 12:09 am
  #78  
Lost in BE Cyberspace
 
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Default Re: Pounds down again.

Originally Posted by Domino
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
 
Old Mar 21st 2012 | 12:21 am
  #79  
 
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From: In the middle of 10million Olive Trees
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Default Re: Pounds down again.

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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