I can't help thinking that if the £ sinks too low, the government or the IMF may step in to peg it to a fixed exchange rate and stop it floating.
Once this happens I'm pretty much sure you'll be seeing Gordon Brown soon on the T.V. telling us how this will be 'good' for Britain to join the Euro.
In the 'good' sense that we will still have a monatery system and he will still be in power so 'good' for him he will mean.
When we switch to the Euro we will get ripped off again in rip off Britain with unfair price conversions to Euro (which happened when Spain converted to the Euro from the Peseta). So in rip off Britain we will get ripped off again.
and btw wages will remain frozen and contract rates may drop again.
I just cannot help thinking that this is one plausible scenario.
Discuss.
Once this happens I'm pretty much sure you'll be seeing Gordon Brown soon on the T.V. telling us how this will be 'good' for Britain to join the Euro.
In the 'good' sense that we will still have a monatery system and he will still be in power so 'good' for him he will mean.
When we switch to the Euro we will get ripped off again in rip off Britain with unfair price conversions to Euro (which happened when Spain converted to the Euro from the Peseta). So in rip off Britain we will get ripped off again.
and btw wages will remain frozen and contract rates may drop again.
I just cannot help thinking that this is one plausible scenario.
Discuss.
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