Hi all Happy Monday.
Sad news. With the drop in tourists going to Goa, Britain's invisible exports have taken a massive hit in revenue for those creamier chocolate parcels going to Goa causing the Cadbury's company to announce job cuts of 200. See link below. http://www.bbc.co.uk/news/uk-england-birmingham-30815052 Readers may recall my note on the Scottish rupee when Scotland was voting for independence from the United Kingdom. The revenue argument was based on black gold (oil) and gold watches (different brands of whisky). This was based when the price of oil was over 100 dollars a barrel. It is now around 30 dollars a barrel prompting BP (British Petroleum) to announce job cuts. A lot of our people work on oil rigs across the globe, their future employment is also at stake. The price of a litre of unleaded petrol in the UK is now around GBP 1.00, it used to be around GBP 1.48 with the taxation element of nearly 70 pence in the pound. Perhaps readers can tell us what the current price is in their local currency to give us a measure of world oil prices. On a happier note, in the UK drivers now pay between GBP 10 to 15 less on a full tank of fuel. Melvyn Fernandes Thornton Heath, Surrey, United Kingdom 18 January 2015
