New Home Owners And Snagging Forum
Investments => Financial Markets and the economy => Topic started by: The Prophet on October 17, 2011, 11:36:34 am
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Harold Wilson once said that the pound in your pocket would be worth just the same after he famously de valued it in 1967.
Since then, the pound has lost around 90% of its value.
Even in recent years, the pound has lost 25% in trading terms since 2008.
According to energy consultants GEOS, over the last ten years the price of Oil in currency terms has risen 394% in Euros, 463% in US dollars and by 552% in pounds Stirling.
By QE and the resultanat devaluation the pound Britain will suffer high inflation in all imported commodities including energy to heat our homes.