The Euro

some people have quite rightly criticised our wonderful Mr Prime Minister, Gordon Brown for his sale of our gold bullion at ridiculously low prices. The man is an idiot.However, what people have to realist is that the decision not to go into the Euro has also cost us a huge sum of money. Only this money would go to the people.I have researched exchange rates over the last nine years using the internet and am using rates quoted on xe.com if anybody wants to check the validity of the rates I am going to show as at April 1 each year:
2000 1.6662001 1.6122002 1.6362003 1.4452004 1.5022005 1.4582006 1.4342007 1.4782008 1.267
Now what the above exchange rates show is that if you had, let us say a pension of £10,000, then in 2000 that would have been converted into 16,666 euros whereas the same amount of pension converted on April 2008 would have resulted in 12,670 euros, a decline of almost 25%, or 23.98% to be exact.Now then, I bet that when the pound hits parity, that is when we get one euro for each pound that is when the government will say it really is a good time to enter the euro. After all we can't have the underclasses actually benefiting from socialist policy, can we? We've been conned again. I have to declare an interest and say that like Ben Bradshaw I am a member of the European Movement.