Foreign money pouring in!

socrates

Just floating a theory here.

Having been to the West End sales the more expensive counters like Gucci, Dior etc are packed with tourists (mainly Chinese) and Americans picking up bargains by the trolley load.

I know these goods are imported but they were bought when the pound was stronger. All this extra money is coming into the economy because of the ER being so attractive coupled with the fact that probably 25% of people will not go abroad because of the ER and general instability in the economy. As well as the fact that on some products they can claim back the VAT. Ultimately that money is staying in the country.

I am starting to feel that it may not be a bad thing - who really cares about the Euro most people are concerned about their own situation and are adaptable.

Please comment I may be completely wrong and missing the point in terms of the bigger picture.

amcluesent

Yep. Saw the videos of the Boxing Day sales scrum in Oxford St. and, even for London, the place was packed out with yer effnics.

mbga9pgf

Shame that all that tat is produced by, you guessed it, foreign producers.

bo_drinker

It won't make up for 10% of the money that has been p1ssing out of the country for years through all the Eastern Europeans working here living 10 to a house and sending the largest part of their wages back home..... :mad: :mad: :mad:

giruzz

bo_drinker wrote: »

It won't make up for 10% of the money that has been p1ssing out of the country for years through all the Eastern Europeans working here living 10 to a house and sending the largest part of their wages back home..... :mad: :mad: :mad:

Working in jobs that Brits don't want to do...

giruzz

bo_drinker

giruzz wrote: »

Working in jobs that Brits don't want to do...

giruzz

Anyone unemployed should have been made to do these jobs if they were long term no hopers. This is the problem, these halfwits have unknowingly helped drag the country down, and I bet they don't realise or care. See the other post on here re the 20k claimants. :mad:

Doozergirl

bo_drinker wrote: »

Anyone unemployed should have been made to do these jobs if they were long term no hopers. This is the problem, these halfwits have unknowingly helped drag the country down, and I bet they don't realise or care. See the other post on here re the 20k claimants. :mad:

How do you make a no-hoper or a half-wit do a decent job though? Lawful answers only!

mewbie_2

Doozergirl wrote: »

How do you make a no-hoper or a half-wit do a decent job though? Lawful answers only!

Get two of them job sharing, do half a job each... job done!

socrates

I hoped this was going to be a serious thread - wished I never started!

PolishBigSpender

bo_drinker wrote: »

It won't make up for 10% of the money that has been p1ssing out of the country for years through all the Eastern Europeans working here living 10 to a house and sending the largest part of their wages back home..... :mad: :mad: :mad:

Please, quit with the racist nonsense.

My fellow Eastern Europeans might very well been living 10 to a house and sending considerable amounts of cash back home - but equally so, we've been paying tax and national insurance to your country too. It's highly unlikely that most of us will claim back the tax and NI despite being in a position to do so - so the money is staying in the UK government's pockets.

As for the money flowing East - you do realise that as our countries rise in prosperity, more and more of our money will be flowing through London, Europe's financial capital? This is no bad thing for the UK's service based economy.

But of course, pig headed racists like yourself know absolutely nothing about how the world works, apart from what you read in the Daily Mail. Do you also believe that Scots are taking all England's cash?

To the OP : It's certainly a great thing for the troubled retailers in the UK. I wouldn't be surprised if tourism now starts to pick up dramatically - for instance, for a Frenchman, the UK has now become ridiculously cheap compared to before.

ManAtHome

If you want serious...

Makes you wonder why stores don't flog stuff at 50-70% off all year round
Answer - they go bust

It's survival of the fittest (them with most cash) at the moment in a desperate scramble to get the punter's quid before everyone else. Same happened in the early 90s - name of the game is to hang on longer than the competitors, then ease prices up as choice is reduced.

The really "good" news - I remember the 70s when Scandinavians were raiding M&S in Newcastle while the rest of us were putting up with 20% inflation and power cuts...