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Sterling becoming an emerging currency

(33 Posts)
Whitewavemark2 Tue 31-May-22 11:03:13

A Warning from a top American bank, that Sterling is beginning to look like an emerging currency, which means that the Sterling will continue to slide and fall consistently against other currencies like the $ and €

This is the price of the governments non-economic policy.

The cost of Brexit and the instability of economic policy which is undermining the pound.

A recent example is the announcement of the adoption of imperial measures which is a nonsense and the sort of policy announcement that only banana republics make.

Why is it important? Because it will be subject to the vagaries of the money market like currencies in South America or Africa.

We need a strong and stable government with serious predictability.

From LBC and Guardian I’ve read this morning.

Katie59 Wed 01-Jun-22 14:57:07

Of course if we all changed our lifestyles so that we don’t travel and lived in places that don’t need to be heated or air conditioned, ate only what we could grow.

The rural areas in Africa and other countries live just like that, consuming only the energy they need for cooking, I suggest it is not a lifestyle that is going to be acceptable in the UK.

Dinahmo Wed 01-Jun-22 16:28:21

Our local supermarket has had two arrays of solar panels installed. Each array covers two rows of 30 cars. They provide shelter from the weather which is good and are obviously generating electricity. think how much solar energy could be provided if a portion of each supermarket car park in the UK was covered with arrays of solar panels.

MaizieD Wed 01-Jun-22 18:53:25

Of course if we all changed our lifestyles so that we don’t travel and lived in places that don’t need to be heated or air conditioned, ate only what we could grow.

I don't know if that was a response to my suggestions, Katie59, but it's rather an absurdly extreme interpretation..

There is plenty that can be done to use energy more efficiently and to produce it without resorting to fossil fuels or nuclear. Without making ourselves unduly uncomfortable.

I recall reading a thread on here about the use of tumble driers in the US. One of the mostly energy wasting forms of clothes drying... IIRC there were places where you weren't allowed to dry washing outside.. That raised my eyebrows somewhat. While that doesn't happen in the UK they are very commonly in use here. People need to be helped to think about what they are using. Perhaps apparently small changes could make a difference.

You sometimes see estimates of how much electricity is consumed by people leaving appliances on standby all the time; quite staggering really, and I'll hold up my hands and say we do it in my household, but what if they were programmed to automatically switch off when no-one was around?

Do we really need constantly 'on' digital clocks on half our kitchen appliances?

We squander energy.

Whitewavemark2 Wed 01-Jun-22 19:21:18

One thing that would give real help to our economy is to listen to Tobias Ellwood and give Brexit a boost by joining the single market.

Good man!

growstuff Wed 01-Jun-22 21:41:44

There's a way waste heat from air conditioning units can be recycled.

growstuff Wed 01-Jun-22 21:42:20

Whitewavemark2

One thing that would give real help to our economy is to listen to Tobias Ellwood and give Brexit a boost by joining the single market.

Good man!

Indeed! :-)

Katie59 Thu 02-Jun-22 09:28:59

Whitewavemark2

One thing that would give real help to our economy is to listen to Tobias Ellwood and give Brexit a boost by joining the single market.

Good man!

To join the “single market” would mean accepting their rules, including freedom of movement.

Not with a Tory government anytime soon.