Or the banks. Morgan Stanley moving 2000 staff from London to Dublin or Frankfurt. Still, it's going to be great for the economy. They said so.
What did people expect? Oil is priced in dollars, sterling is down massively against the US$. This is the first of many of the 'benefits' to come from brexit. For all those that voted out on the basis of migration, just wait till the French remove British border controls on their side of the Channel... Bet the government won't get rid of VAT though!
Yes, we are going to put a stop to immigrants coming from near Europe, with similar cultural outlooks and history, but it will do nothing to stop the huge influx of immigration which comes outside of the EU via marriage. Great plan.
I thought there was supposed to be a long time delay in oil/petrol wholesale prices going up or down. They buy in advance don't they. Or is someone cashing in?
Mostly bought in advance..but a lot is traded on the Rotterdam Spot market though. So prices can be volatile.
Thats really not that relevanr The price is set in dollars ans so is somewhat protected for fluctuations in the oil price This is a currency fluctuation though, the pounds they get are worth less than they were when the prices were agreed so to get back the dollar value of what they pay for the oil the price has to go up
Could not agree more. Was looking forward to the government's ability to reduce VAT on fuel.......like that never generates much revenue for the government. As for the immigration through France, I now fully expect the French to relax controls to prove a point if nothing else!