I FIND it ironic that Richard Cussons criticises George Osborne for getting his financial predictions wrong but then uses misleading information to criticise the single European currency and the EU.
Prior to the 2008 recession you got 1.40 to 1.50 Euros for a British Pound but since the UK voted to leave the best rate has been 1.19 Euros for a Pound.
Mr Cussons is right that countries like Greece and Italy have lowered the value of the Euro but what excuse have we got for the Pound’s performance being even worse? Ten years ago you could easily get a savings account paying five per cent interest, now if you want one paying more than one per cent you have to open an account which only allows you to make limited withdrawals. How does that fit in with us being in ‘boom days’?
Sheila O’Grady Knutsford
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