Rally faster, pound, rally faster ! Go, pound, go !
The pound is rallying strongly against the euro. We could really do with a steep rally over the next two weeks before the mission makes its next transfer from pounds into euros !
Come on, pound. Everyone knows you are worth at least 2 euros, so go for it !
Meanwhile my friendly local economics expert ( a.k.a. Ben "les Misérables" Griffin ) tells me that in the great depression of the 1930s the French economy was among the last to plummet because France trades a lot internally. Britain is all about imports and exports ( "a nation of shopkeepers" ) while France quite happily trades with itself, living off the land, as it were...
Hmmm.
Think about this - car sales rose for Renault and for Citroën in the last quarter ( yes - they rose ) partly because of a government initiative called prime à la casse. Essentially if you take a car over 10 years old and trade it in against a new car the government will pay you 1000 euros for it, the argument being that the old car is more polluting than the new car so it's a kind of eco-incentive.
Then you have your bonus / malus system for low and high CO2 cars, which means that on a Citroën C1, for example, you can get almost 2000 euros off before you even start negotiating with the dealer.
However France's economy is no longer so independent, is it ? It's now a euro-economy, hence our continuing hopes for a strong rally from the pound. Go on, pound, you know you can do it !
Come on, pound. Everyone knows you are worth at least 2 euros, so go for it !
Meanwhile my friendly local economics expert ( a.k.a. Ben "les Misérables" Griffin ) tells me that in the great depression of the 1930s the French economy was among the last to plummet because France trades a lot internally. Britain is all about imports and exports ( "a nation of shopkeepers" ) while France quite happily trades with itself, living off the land, as it were...
Hmmm.
Think about this - car sales rose for Renault and for Citroën in the last quarter ( yes - they rose ) partly because of a government initiative called prime à la casse. Essentially if you take a car over 10 years old and trade it in against a new car the government will pay you 1000 euros for it, the argument being that the old car is more polluting than the new car so it's a kind of eco-incentive.
Then you have your bonus / malus system for low and high CO2 cars, which means that on a Citroën C1, for example, you can get almost 2000 euros off before you even start negotiating with the dealer.
However France's economy is no longer so independent, is it ? It's now a euro-economy, hence our continuing hopes for a strong rally from the pound. Go on, pound, you know you can do it !
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