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That time of the month - Interest Rates! [Jan 08]
Comments
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Melissa177 wrote: »Yup!! That is a lot of dosh, even for Big Bank.
It's about 6 months UK defence budget.Melissa177 wrote: »That said, I have an interview there on Thursday :eek:
Good luck. It's an amazing company. Slightly cultish tendancies though.0 -
Melissa177 wrote: »Yup!! That is a lot of dosh, even for Big Bank.
That said, I have an interview there on Thursday :eek:
I thought you just moved jobs?
Good luck."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
Hi,
No, I've not just moved jobs, but I'm picking through job offers.
Big Bank is at the top of the list!
Company wants to move me to Geneva, but I'm resisting... I have two job offers at the moment I'm considering, but I'm waiting for how my Big Bank interview goes on Thursday first.
Because I'm in no immediate rush to move, I'm kinda taking my time. Company is moving my department to Geneva at the end of the year.Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
I voted for a cut, purely because they seem to pander to VI's cries of wo.
If they do cut then it is proof they are attempting to inflate their way out of trouble...0 -
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Hold in Jan, cut in Feb is my guess0
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Agreed./////////////////////////////////////////////////////////////merlinthehappypig wrote: »Hold in Jan, cut in Feb is my guessIllegitimi non carborundum.0 -
Well the last cut has since knocked around 3-4% off the price of the £. And as we import almost everything this has therefore created inflation on imports of a similar amount. (I think - can someone confirm or correct me??)
So if I'm right I don't see how they could risk another cut. But then again they seem to be ignoring inflation at the moment so I guess anything is possible!0 -
Well the last cut has since knocked around 3-4% off the price of the £. And as we import almost everything this has therefore created inflation on imports of a similar amount. (I think - can someone confirm or correct me??)
You're mostly there!
If the £ goes down from buying €1.40 to €1.36 then a bottle of €2 French wine will go up in £ terms from £1.43 to £1.47 so you're right a fall in the value of the £ by 3% causes a rise in import prices of ~3%.
However, this will have other effects too. People won't just blindly carry on consuming as they did before. They will switch their spending to things that have not gone up in price (wine made in the UK for example) and to cheaper items (beer rather than wine say).
IIRC, a fall in the value of the £ by 3% should cause a one-off increase in the level of prices by about 0.5% according to econometricians (or professional guessers as they're otherwise known!).0 -
You're mostly there!
If the £ goes down from buying €1.40 to €1.36 then a bottle of €2 French wine will go up in £ terms from £1.43 to £1.47 so you're right a fall in the value of the £ by 3% causes a rise in import prices of ~3%.
However, this will have other effects too. People won't just blindly carry on consuming as they did before. They will switch their spending to things that have not gone up in price (wine made in the UK for example) and to cheaper items (beer rather than wine say).
IIRC, a fall in the value of the £ by 3% should cause a one-off increase in the level of prices by about 0.5% according to econometricians (or professional guessers as they're otherwise known!).
Ok, but when energy goes up by 20% (say it accounts for 5% of CPI (£1k of median wage c. £20k)... It should then take up 6% of CPI, so discretionary goods fall out the basket in favour of high rising essentials as people stop spending on them."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0
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