Re:Tesco Bank halts online payments after money was taken fr...
by parenthesis on Monday November 07, 2016 @10:59AM
(#12892029)
The UK doesn't import everything.
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Re:Tesco Bank halts online payments after money was taken fr...
by johansch on Monday November 07, 2016 @11:19AM
(#12892197)
No, but quite a lot.
"Overseas Trade Statistics. In July 2016 the value of exports (EU and Non-EU) decreased to £23.9 billion, and imports (EU and Non-EU) decreased to £39.7 billion, compared with last month. Consequently the UK is a net importer this month, with imports exceeding exports by £15.9 billion."
https://www.uktradeinfo.com/Statistics/OverseasTradeStatisti...
Re:Tesco Bank halts online payments after money was taken fr...
by johansch on Monday November 07, 2016 @02:02PM
(#12893834)
So, (brits), why did you downvote this without commenting?
(It went from +3 to 0.)
Re:Tesco Bank halts online payments after money was taken fr...
by martinald on Monday November 07, 2016 @05:16PM
(#12895731)
I would guess because the UK economy is worth ~£2tn. £150bn of imports raising at 20% isn't a huge impact (around 1-2% - not a huge deal in the grand schemes of things).
PS: I didn't downvote you.
Re:Tesco Bank halts online payments after money was taken fr...
by johansch on Monday November 07, 2016 @05:49PM
(#12895971)
That's because of the London banking. Which is now moving th Frankfurt.
Re:Tesco Bank halts online payments after money was taken fr...
by blibble on Monday November 07, 2016 @06:36PM
(#12896297)
fat chance, some back office operations will move (as little as possible), and the lucrative front office work will remain in London as that's where the clients are
Re:Tesco Bank halts online payments after money was taken fr...
by walshemj on Tuesday November 08, 2016 @11:52AM
(#12901778)
60% of food and petrol (gas) is priced in dollars
Re:Tesco Bank halts online payments after money was taken fr...
by brador on Monday November 07, 2016 @11:07AM
(#12892099)
Whether you like it or not the USD is the world peg right now and a currencies worth in USD is its true measure of inflation. What the national bank prints is negligible in comparison.