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It's the 10th now. I'm just glad you didn't comment on the time of day - would have made this exercise much more demanding.

Don't get too worked up about the FX rate at this point Tony. It was inevitable and we're playing the long game. I was always certain that GBP would weaken and the markets would fall immediately on a Leave vote. This is a medium to long term gamble. The gamble to Remain had short term with...

I did the maths on a piece of paper, using algebra to avoid specifics. My statements above are based on that alone. Is it the word "crashed" you object to? I agree that it's rather emotive. If we change that to the the factual statement that "the pound has recently *fallen* against most...

I agree: 1) What is weighing on the UK is uncertainty and nothing else. 2) Being cocksure one way or the other is daft - we don't know. I voted Leave as the lesser of two evils but it was a close call and I won't be surprised if it goes badly (we should judge this in 5 years time after it all...

You are both right and neither of you is thick. If the imports are denominated in USD and USD strengthens, the price of exports to the US decreases which will increase sales (or permit you to increase profit margin). Similarly, domestic sales price increases and sales will drop (or reduce...

Easy, they sell at a loss.

Entirely because that option had been denied to the Coalition by Gordon Brown's debt spree.

Really? I'm not aware of Keynes being considered a left wing idea - indeed it all makes perfect sense to me. My perception is just that we should be spending now but cannot given the debt in 2010. What makes you think it is a left wing idea that's branded as radical?

Do you mean the Keynesian Economics that recommends saving during boom and spending during recession? The Keynesian Economics that Ed Balls called for in 2010? The Keynesian Economics that Balls ignored along with Brown when he was increasing the deficit (the rate of change of the debt - not...

They are both reasonable positions based on conjecture on what may happen IMO. If the country does slide into recession and investment in business declines, then interest rates must fall to regenerate growth. However if the weakening pound sets in causing inflation then interest rates must...

The issue isn't about factions - it's about an extremist having the reins of a major political party. If we had a nut job Right Winger at the head of the Tories it would be just as bad. Whether the politics of this country have moved Right must surely be a perception from where your opinion...

I think the nature of this kind of extremism is that he's already harnessed every single person who agrees with him - I've never met an unenthusiastic Militant; they are all now party members. Labour will always get a number of other votes from people who vote on brand but I cannot see them...

You started it... A strong moral compass? The man is a fuckwit. He supported the IRA. He supported terrorists in the Middle East and God knows where. He's anti-everything and like all extremists but hasn't got a positive word to say about anything. He understands nothing about economics -...

If she worked at this level for Barclays etc. then she will be able to handle financial problems. Let me explain the way it works in the Front Office. Traders are supported by a number of teams full of bright people who understand finance every bit as much as the guy managing the position...

You do realise right that an administrative job in the front office of an investment bank doesn't mean she bought flowers for his wife and typed a few letters? Most departments in investment banks are full of extremely bright, organised and focused people.

Green olives

I wondered if anyone would get that :)

like West Ham

Well that's the BBC for you.