Fall of the £ again

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Jimgward
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Re: Fall of the £ again

Post by Jimgward »

smudger wrote: Mon Jun 12, 2017 6:58 pm "It's the younger set that keep retail, housing, car manufacturers, goods in business."

This would be the same younger set who are increasingly living back with mum and dad into their late 20s early 30s as they can't afford mortgages, cars, holidays etc?? Or rather, can't afford the standards of living which the said parents have after spending their lives working, scrimping to bring up said children, which these children now see as their right? The same younger set who voted Labour after believing Corbyn and his fools who told this younger set that they wouldn't be able to work abroad, they wouldn't be able to travel abroad, that the Labour party would abolish tuition fees??? The thing Corbyn forgot to tell this younger set was that they would have to pay for it elsewhere!!!

As someone here has already said, another damned fine reason for not giving this younger, immature and materialistic set the vote in the first place!
Aye, just you continue to read the daily mail and watch the C4 lifestyle prgrams, like "Round the world on benefits"

Methinks May was the fool and more fool her to now sleep with the devil. "Collation of Chaos" to "Coalition of Crackpots"

At least Brexit will now be reasonable, instead of the 'No deal is better than a bad deal". She will be forced to go in looking to keep us in the single market.

It was in the press today that we're are down 95% of nursing applicants from the EU. It also stated that over 700 London companies were terrified of a hard brexit.
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Re: Fall of the £ again

Post by smudger »

Please stop arrogantly assuming - or just as arrogantly - presuming that you know the media some of us follow simply because you disagree with our opinions. I happen to read a great deal of papers, articles, journals etc on line as well as watching a wide variety of news and documentaries. Channel 4 rarely, if ever, is included in the list. I'm rather tired of this comment from you as I'm sure are others.
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Mrblobby
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Re: Fall of the £ again

Post by Mrblobby »

Would anyone like to predict when it will go up again , don't like this 1.13 . :D

P.s love watching the benefits programs .
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Re: Fall of the £ again

Post by kingfisher »

Mr Blobby- If you can stand the wait, Lloyd will be making another “ex-cathedra” pronouncement on sterling/ euro at around 3.AM. EST. He gazes at his crystal balls and makes astonishing psychotic- sorry psychic- forecasts, often with lovely pictures of the Alps. However, some people feel he is not entirely without bias….
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Re: Fall of the £ again

Post by cyprusgrump »

smudger wrote: Tue Jun 13, 2017 10:00 am Please stop arrogantly assuming - or just as arrogantly - presuming that you know the media some of us follow simply because you disagree with our opinions. I happen to read a great deal of papers, articles, journals etc on line as well as watching a wide variety of news and documentaries. Channel 4 rarely, if ever, is included in the list. I'm rather tired of this comment from you as I'm sure are others.
Sadly, it seems a trait of the left that they resort to insults when they are unable to refute an argument.

Either insults or just ignore the evidence presented and repeat their original point ad nauseam...

See also: HiC
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Re: Fall of the £ again

Post by cyprusgrump »

kingfisher wrote: Tue Jun 13, 2017 11:01 am Mr Blobby- If you can stand the wait, Lloyd will be making another “ex-cathedra” pronouncement on sterling/ euro at around 3.AM. EST. He gazes at his crystal balls and makes astonishing psychotic- sorry psychic- forecasts, often with lovely pictures of the Alps. However, some people feel he is not entirely without bias….
:lol: :lol: :lol:
Firefly
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Re: Fall of the £ again

Post by Firefly »

Jimgward

Past their years of spending ? MOH would certainly not agree with you :lol:

Jackie
It's not the size of the dog in the fight, it's the size of the fight in the dog.
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Re: Fall of the £ again

Post by cyprusgrump »

Firefly wrote: Tue Jun 13, 2017 5:13 pm Jimgward

Past their years of spending ? MOH would certainly not agree with you :lol:

Jackie
:lol: :lol: :lol:

Mrs, Cyprusgrump is in the UK at the moment - sadly she isn't past the years of spending either... :x
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Re: Fall of the £ again

Post by trevnhil »

I don't think they ever get past the years of spending. :-)

Trev..
Trev..
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Re: Fall of the £ again

Post by cyprusgrump »

trevnhil wrote: Tue Jun 13, 2017 6:29 pm I don't think they ever get past the years of spending. :-)

Trev..
Oh noes... :(
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Re: Fall of the £ again

Post by Dominic »

One obvious reason why old people will buy less is because they have already bought the stuff they need. Ok, they will still buy the same junk that we all buy, but they won't need to buy the basics.

Another reason is that they won't need to buy baby stuff!
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Re: Fall of the £ again

Post by Dominic »

Hudswell wrote: Tue Jun 13, 2017 7:14 pm
Dominic wrote: Tue Jun 13, 2017 6:45 pm One obvious reason why old people will buy less is because they have already bought the stuff they need. Ok, they will still buy the same junk that we all buy, but they won't need to buy the basics.

Another reason is that they won't need to buy baby stuff!
Really? Ever heard of Grandchildren? :roll:
Yes I have, but so what? Are you trying to tell me you spend anywhere near as much on your grand children as your kids do? :lol:
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Re: Fall of the £ again

Post by cyprusgrump »

Hudswell wrote: Tue Jun 13, 2017 9:23 pm Pram, toys, cot, Christmas presents, birthday presents, clothes, flights....no not as much but significant. A significant proportion of the "older" generation do have more disposable income than when they were younger, yes the house has been bought and paid for, so why not downsize and spend the money released, there is always that new car, holidays, dining out...
Plus Stenna Stair Lifts, baths with a door on the side, those big slipper things where you put both feet in one... the list is endless! :lol:
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Re: Fall of the £ again

Post by cyprusgrump »

Happy in Cyprus wrote: Wed Jun 14, 2017 3:54 am
kingfisher wrote: Tue Jun 13, 2017 11:01 amMr Blobby- If you can stand the wait, Lloyd will be making another “ex-cathedra” pronouncement on sterling/ euro at around 3.AM. EST. He gazes at his crystal balls and makes astonishing psychotic- sorry psychic- forecasts, often with lovely pictures of the Alps.

Yeah...and wouldn't you know, I've been right all along - though it grieves me to gloat :lol:
*sigh* :roll:

Except as I've proved on multiple occasions your hysterical cries of "the sky is falling, the sky is falling" have been completely wrong. But then I suppose even a stopped clock is right twice a day and I'm pleased that the current value of the Pound brings you joy.

Somebody said something on this and the other forum once which seems particularly appropriate; kept saying it over and over and over but I can't remember who it was now... :?

Anyway, it went something along the lines of... um... oh yes, "Brexit hasn't happened yet!" ;)
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Re: Fall of the £ again

Post by PeteandSylvi »

Dominic wrote: Tue Jun 13, 2017 6:45 pm One obvious reason why old people will buy less is because they have already bought the stuff they need. Ok, they will still buy the same junk that we all buy, but they won't need to buy the basics.

Another reason is that they won't need to buy baby stuff!
So will you be content to live the rest of your life with the same car, home,washing machine, dishwasher, fridge, freezer, hob, oven toaster, microwave, kettle, TV, hi-fi, computer, phone, lights...........? or will you find yourself spending on renewals, additions, replacements, upgrades?

No-one is suggesting that the older generation will be spending as much but equally the amount they spend is very significant. Also many categories of spending can have one requirement removed to be replaced with another: like previously mentioned baby stuff to grandkid stuff, sanitary towels to incontinence pads! downsized cars, pension contributions to holidays.

Pete
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Re: Fall of the £ again

Post by Dominic »

PeteandSylvi wrote: Wed Jun 14, 2017 10:27 am
No-one is suggesting that the older generation will be spending as much but equally the amount they spend is very significant.

Pete
Oh I agree. My point was that the younger generation have more that they HAVE to buy. These days though, the silver pound is very significant indeed.

And somebody else was quite right about increased expectations. A lot of people do tend to want too much too soon. I couldn't get over how high the rent was on our son's college digs. But I also couldn't get over how nice they were compared to the digs I stayed in when I was at Uni. I remember horrible little showers that stopped working during winter unless you just wanted cold water, and having to pay 10p for the privilege. I shared a room with two strangers, both of whom, wait for it, were Muslims. We had a whale of a time, but that's another story. These days, the rooms come with en-suites!

So I get where people are coming from. I just find some of the inter-generational rhetoric rather distateful.
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Re: Fall of the £ again

Post by PhotoLady »

My parents only ever replaced their TVs, house phone and they had 2 different cars during our time in Cyprus. They had the washing machine repaired several times and mum had another repair on it a couple of months back.

Their only major spend was a holiday away for 4 weeks twice a year - approximately 3 grand.

Mum is still using a combi oven which they purchased when they bought their bungalow over 30yrs ago. Basically, if it still works just as it did they never replaced just for spending sake. Many of the neighbours of a similar age here are the same. Younger retirees are a little more advanced with technology and have broadband and smartphones but those who are 70+ don't see the need for it...

My brother in law and his wife never used the internet when they were in Cyprus and didn't for a number of years after they came back to UK. Last year they moved into a park home where there is no landline so have got themselves a dongle. He uses a smartphone for email and texts, calls plus Facebook contact with us. His wife now has a tablet but still a basic and old mobile phone. He is 65yrs old and she is almost 62.

They only have modern technology because they needed it not having a phone line or even a postal address.

So yes, I would have to agree that the majority of pensioners from those I have had dealings with don't spend as much as they would have in their younger days.
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Re: Fall of the £ again

Post by Rita Sherry »

PhotoLady wrote: Wed Jun 14, 2017 10:53 am My parents only ever replaced their TVs, house phone and they had 2 different cars during our time in Cyprus. They had the washing machine repaired several times and mum had another repair on it a couple of months back.

Their only major spend was a holiday away for 4 weeks twice a year - approximately 3 grand.

Mum is still using a combi oven which they purchased when they bought their bungalow over 30yrs ago. Basically, if it still works just as it did they never replaced just for spending sake. Many of the neighbours of a similar age here are the same. Younger retirees are a little more advanced with technology and have broadband and smartphones but those who are 70+ don't see the need for it...

My brother in law and his wife never used the internet when they were in Cyprus and didn't for a number of years after they came back to UK. Last year they moved into a park home where there is no landline so have got themselves a dongle. He uses a smartphone for email and texts, calls plus Facebook contact with us. His wife now has a tablet but still a basic and old mobile phone. He is 65yrs old and she is almost 62.

They only have modern technology because they needed it not having a phone line or even a postal address.

So yes, I would have to agree that the majority of pensioners from those I have had dealings with don't spend as much as they would have in their younger days.
Jules

I see nothing untoward about not replacing goods which are still serviceable - very commendable in my view - and in my experience is not limited to the elderly unless of course,like some people, it is imperative to have the latest model year in year out.

This decrepit 85 year old has the same "white goods" (except they are silver) in the kitchen of my villa here in Cyprus as when I first arrived over 10 years ago. They work so why in Gods name should I replace them? I also eat out at least 4 times per week (and I dont mean at fast food etc outlets), I employ a gardener/pool man, domestic helper and maintenance men (electrics, plumbing, decorating etc) both Cypriot and English as I live alone and believe in horses for courses. I leave the island three times per year and I travel "business class" a treat I promised myself when I retired. I still buy clothes, shoes etc (never from Primark or the like) groceries at Alpha Mega (have never shopped in Lidl (by the way that was the shop from whence the London Terrorists bought their knives). I take cruises on what some would describe as "upmarket cruise ships" and since my retirement I have taken four round the world trips of 4 month duration each time - Cunard is my company of choice. As for modern technology well, as it can be seen, I have a computer, my mobile is a pretty basic one (I personally dont see the need for anything else mine works , I do have a kindle it is solely for holiday use as I prefer real books and newspapers in my hands. Facebook is limited to sending Birthday and Christmas Cards to acquaintances rather than friends, the latter getting the real thing. I dont use Twitter or any other form of social media using anything other than my real name. That medium, it seems to me, is frequently used as an excuse to insult, denegrate and often libel others. Furthermore I cannot believe the world is really that interested in my every movement for every minute of the day. I send my messages by email or have a conversation via Skype.

I have a heart condition and late last year and the beginning of this I was subject to various procedures which I personally paid for (no insurance company would insure me so far as that condition was concerned). I also had cataracts removed from both my eyes, again paid for by myself (money well spent in my opinion) and some dental (not cosmetic) work carried out cost again met by me. The medication recommended for my heart condition is not available from the State hospital (only a substitute) so again I, from choice, meet that expense.

In addition, my brother, as you are aware, is now in a residential home suffering from Alzheimers and my family including myself are doing our best financially to see he has some of the creature comforts he was used to.

I think you will therefore see I for one of the oldies still spend but possibly in different ways than I once did but I still have, and use, purchasing power

The old versus the young is, in my view, a sad condemnation of how people are beginning to differentiate in order to make their point. I shall deal with that in the appropriate thread but save to say not all the young are so dismissive of the elderly as are those approaching it.

Rita
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Re: Fall of the £ again

Post by Poppy »

Well I am sure that I am spending more now in my late 60's than I have ever done. Why? Because I can. We have no children to leave anything to so we are determined to enjoy the latter part of our lives and whilst we can afford it we will have whatever we want. We don' t waste money but spend it on whatever makes us happy. In Cyprus we gave a lot to dog rescue charities and never begrudged it but now is the time to concentrate on us.
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Re: Fall of the £ again

Post by Rita Sherry »

Forgot to add - I am off to Royal Ascot next week for three days - corporate invitation but I had to buy the outfits and pay my air fare :lol: :lol: :lol:

Rita
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