Happy days when there were 240 pence to the pound and a kid living in Germany 
and getting a pound at Christmas  found it gave him 12 marks to spend on toys 
that were lightyears ahaed of those in UK toyshops and were stamped 'Made in 
the American zone' 

--- On Fri, 11/28/08, Brian on Harnser <[EMAIL PROTECTED]> wrote:

From: Brian on Harnser <[EMAIL PROTECTED]>
Subject: [canals-list] Re: VAT
To: [email protected]
Date: Friday, November 28, 2008, 8:49 PM

on 27/11/2008, Reg supposed :
> Posted by: "Nigel Stanley" 
> [EMAIL PROTECTED]
>
> This is all getting very off-topic, but many people think the pound
> has been significantly over-valued because of the over-dominance of
> financial services in the economy since Mrs Thatcher's city big bang
> in 1987. This has not been helped by government and Bank of England
> wanting an over-valued pound to bear down on inflation - one reason
> why our interest rates are often higher than elsewhere.
> ___________________________________________
>
> I don't see it that way.  In about 1970, I bought from Germany some
> components to build a radio ham TV transmitter.  I got about 9DM for £1.
>
> By the time just before the Euro arrived, I got about 3DM to a pound.
> Today it's ¤1.1930 to a pound.  In May 2008, I got ¤1.2595 using
my
> Nationwide credit card in Germany.
>
> In June 2006, I got ¤1.3902.  In Nov 2005, I got ¤1.4414.  (I keep
> records of diesel costs for my car.)
>
I can remember when two and six was known as half a dollar, ie 4 
dollars to the pound




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