Should the UK follow Zimbabwe?

BBC NEWS | World | Africa | Zimbabwe abandons its currency

Should the UK retain the Sterling? The exchange rate variations we see those days are hurting the British economy badly, whereas it's un-deniable that the Euro-Zone is much better off thanks to the single currency and the financial rules that it brought...

Darling and the impact on the Sterling

Read this morning Pre-Budget Report and Alistair Darling's £1 trillion debt gamble (Times Online)

What the chancellor, and the media, forget to say is that VAT cut won't help much in an economy that's hooked to imports.

More borrowing probably in fact will further weaken the Sterling Pound, resulting in more imported inflation and negating those 2.5% VAT cut.

Time to join the Euro?

UK, economy, politics, budget, euro, richmondtransits.blog