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Pound-Euro 2016

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Papapetros:
I see Sterling tumbled today from 1.1607 to 1.1632 against the Euro.

Jimbo:
I can't see it changing much for a long time, if ever. The next serious landmark will be the Supreme Court's judgement on the legality of the PM triggering Article 50 without the consent of our elected representatives. The weak pound is causing a quite big increase in prices in the sterling area, so disposable income will be less for many people. All a bit worrying for the holiday industry.

Tredegar Boy:
"Our elected representatives" Jimbo had their say when they voted for the referendum in the first place. Over 500 voted in favour.

It seems to me that people only like democracy when it goes their way.

Jimbo:
We elect our parliament. They are our representatives. That IS our democracy. To imply that the arbitrary vote of roughly half the population of Birmingham is the "true" democracy totally undermines our rule of parliament and law, it seems to me. That, essentially, is the Guy Fawkes scenario. Quoting the number of MPs who voted for the referendum simply underlines the point - there should be a vote on whatever deal is on the table, surely? That's what the law says.

I wasn't making a political point, actually. That's what will be ruled upon. It will affect the value of the pound.

Tredegar Boy:

--- Quote from: Jimbo on November 15, 2016, 01:34:55 AM ---We elect our parliament. They are our representatives. That IS our democracy.

--- End quote ---

I thought that was the point I was making.

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