I think that the Brown stuff will have us in the euro within six months and the nice gay ■■■■■■■ will have us in asap if he could, however, most of our work is paid in £ Sterling and it’s killing us !! yes we have asked for rate increases but due to the many east bloc hauliers available, we are ■■■■■■■ in the wind !!
Yes we are looking at other work that will pay in Euro’s, but most of our expenses are in sterling i.e wages,finance, insurance etc and converting it back to sterling will lose money as well.
answers please, because it’s no good asking the Government.
JJSL:
I think that the Brown stuff will have us in the euro within six months and the nice gay [zb] will have us in asap if he could, however, most of our work is paid in £ Sterling and it’s killing us !! yes we have asked for rate increases but due to the many east bloc hauliers available, we are ■■■■■■■ in the wind !!
Yes we are looking at other work that will pay in Euro’s, but most of our expenses are in sterling i.e wages,finance, insurance etc and converting it back to sterling will lose money as well.
answers please, because it’s no good asking the Government.
regards
JJSL
I don’t think it will be long before the question raises its ugly head again as although I am not normally a conspiracy theorist but I am sure that the powers that be are engineering a parity situation to strengthen their argument for joining.
When discussing rates with foreign customers you could point out that it is now cheaper to employ you than it used to be because of the exchange rate
arguing for a better deal, and don’t forget that those Polish etc. will be costing more because the English companies you work for will be paying them in Euro`s and they will suffer from the same problems as you if they want to use them.
Apparently, there’s more than a few obstacles in the way, legal ones. It’d be a big effort to do it, and no way they could sneak it in without people noticing. And the people are still dead set against it.
Wheel Nut:
I have a bet it will be sooner rather than later, the “right time” passed long ago and the rate will never be the same as 1999.
Slovakia are the latest member to take up the Euro by the end of this year.
what is the same as 1999■■ mid year and we will be in the euro i would say
Belgique Franc belge 40.3399 BEF
Deutschland Deutsche Mark 1.95583 DEM
Espana Peseta 166.386 ESP
France Franc français 6.55957 FRF
Ireland Irish pound 0.787564 IEP
Italia Lira italiana 1936.27 ITL
Nederland Nederlandse gulden 2.20371 NLG
Portugal Escudo 200.482 PTE
Luxembourg Lux. franc 40.3399 LUF
Finland Markka 5.94573 FIM
Oesterreich Oester. Schilling 13.7603 ATS
Hi Rog, thanks for the link, but what about ways round the problem working in sterling but across the water in europe any ideas.
Plus, from some of the comments on the link, if people think that they will not be able to take us into the euro because to many people would object !!!
do they really think that could stop the government ? what about the war in Iraq and Afghan and the bribes at BAE that the investigation was stopped etc etc plus they bring back, or did he ever go ? Mandelson how on earth can you have someone with his back ground ! if you or me went for a job with his history we’d be told that we do not employ criminals.
We will not be joining the euro in the forseeable future. It would require a referendum to get us in and there is no chance of the great british public voting in favour. It would be a disaster for us to give up control of our interest rates and be at the mercy of Jean Claude Trichet and his friends at the ECB. There main priority is France and Germany and always will be. You only have to look at Portugal, Ireland, Greece and Spain (known as the Pigs) to see what would would happen to us. If you think we have got problems just look how bad things are there. Just because this goverment didn’t do anything to rein in house prices then you don’t want to give up your ability to run your own economy for ever more. That’s what’s known as throwing out the baby with the bath water.
You should be looking at this time of weak sterling as a great opportunity. You need to be keeping your costs in sterling and earning your revenue in euro’s. That is the beauty of markets, they have a way of balancing things up eventually. Eastern europeans costs are rising and if you manage yours right they should be staying steady or falling. Stop moaning and get out there and compete.
We will not be joining the euro in the forseeable future. It would require a referendum to get us in and there is no chance of the great british public voting in favour. It would be a disaster for us to give up control of our interest rates and be at the mercy of Jean Claude Trichet and his friends at the ECB. There main priority is France and Germany and always will be. You only have to look at Portugal, Ireland, Greece and Spain (known as the Pigs) to see what would would happen to us. If you think we have got problems just look how bad things are there. Just because this goverment didn’t do anything to rein in house prices then you don’t want to give up your ability to run your own economy for ever more. That’s what’s known as throwing out the baby with the bath water.
You should be looking at this time of weak sterling as a great opportunity. You need to be keeping your costs in sterling and earning your revenue in euro’s. That is the beauty of markets, they have a way of balancing things up eventually. Eastern europeans costs are rising and if you manage yours right they should be staying steady or falling. Stop moaning and get out there and compete.
I agree with Harry on this one but we missed the boat just look what the rest of euroland (the original 12 ) has acheived in the last ten years,
Thousands of miles of upgraded roads spain especially, ours are a joke,
New Industrial estates in even small towns,
Euroland has not had the oil taxes that we have had either, but most of these countries have got where they are by milking the system where we have always been the outsider if we had been in the euro it may have been different,
Ihave lot of freinds that live in France and Spain my sisters council tax in Chamonix is £250 and one of my friends in Spain less that £200 a year for a 4 bedroom detached villa in 5 acres.
We are not too bat as about 40 % of our work is paid in Euros so we are 35% better off that we were this time last year.
So i am for the Euro and allways have been.
The exchange rate has affected us in good ways as well, for example it has helped to level the playing field regarding fuel prices, last week I actually waited to get into the UK to put fuel in the truck because we could get it at the same price in the UK as France, will that not help all the British hauliers who have been spending years complaining about foreigners coming here with full tanks and it being unfair?
You have to look at it from all sides, another benefit is our exports are cheaper for Europeans so helps industry and exports, not everything is dark about rates, I did like it better myself when I was getting €1.66 to my pound as it meant more beer tickets and cheaper holidays though
As for going into the Euro, I think it will only happen when we like the French
so don’t hold your breath
klunk/■■■■■■■■
I agree with Harry on this one but we missed the boat just look what the rest of euroland (the original 12 ) has acheived in the last ten years,
Thousands of miles of upgraded roads spain especially, ours are a joke,
New Industrial estates in even small towns,
Euroland has not had the oil taxes that we have had either, but most of these countries have got where they are by milking the system where we have always been the outsider if we had been in the euro it may have been different,
Ihave lot of freinds that live in France and Spain my sisters council tax in Chamonix is £250 and one of my friends in Spain less that £200 a year for a 4 bedroom detached villa in 5 acres.
We are not too bat as about 40 % of our work is paid in Euros so we are 35% better off that we were this time last year.
So i am for the Euro and allways have been.
Dont be mislead by thinking that our taxes would be that much different to what they are as our government would have retained control of those anyway.
Try having a look at house prices in Ireland and tell us that things would be cheaper.
With your work paid in Euro`s dont forget to treat this as a bonus as the Euro may fall back after all what goes up can come down.
jimti:
You have to look at it from all sides, another benefit is our exports are cheaper for Europeans so helps industry and exports, not everything is dark about rates,
Yes this may be the case but a lot ot those exports will require raw materials from Euroland at higher prices.
The rules for joining the Euro are the same as at the outset, so at the moment Britain’s debt is too high for us to join the Euro.
Personally I can never work out how you can have one currency, but then have several tax and spending systems. It’s either all or nothing.
All the dealers in bonds are currently asking for higher interest rates on Italain and Spanish government debt than on Germany’s. In other words they aren’t reating them the same.
As with everything it’s swings and roundabouts - all the exporters are happy at the moment because they are competitve - a few months ago they were all moaning because they weren’t.
albion:
The rules for joining the Euro are the same as at the outset, so at the moment Britain’s debt is too high for us to join the Euro.
Personally I can never work out how you can have one currency, but then have several tax and spending systems. It’s either all or nothing.
All the dealers in bonds are currently asking for higher interest rates on Italain and Spanish government debt than on Germany’s. In other words they aren’t reating them the same.
As with everything it’s swings and roundabouts - all the exporters are happy at the moment because they are competitve - a few months ago they were all moaning because they weren’t.
I have to agree with albion here regarding having different economic systems doesnt work and some Euro countries notably Portugal, Ireland, Spain and Greece are having difficulties at the minute and could do with a lower interest rate but the European Central Bank hasnt reduced the interest rate which applies across Euroland causing at least the above countries severe problems.
The reporter on The Today programme on radio 4 this morning suggests that the Euro will fall back in 2009 as the ECB will have to drop interest rates thus making the Euro less attractive against the dollar and the pound.( This will happen when the ECB wakes up to the fact that it is a global recession and not one that excludes Europe.
