This space is reserved for kenobi to introduce himself.
Hedging only defers the problem, true, the challange is to work out what the exchange rate might be in 12 months or 18 months time, will we be over the worst ? will we have a deal with the eu ? I doubt it personally, I think we'll only just be past Hollande and Merkle having had elections and perhaps going, and getting to the…
Agreed, Tesco have made themselves the people's champion against Unilever. However didn't Lewis come from Unilever? Maybe it didn't hurt them either. Lots of free publicity for marmite, Lidl were giving jars away at some stores, expect a bump in sales of the yucky stuff !
yes velo agreed, we'd be in much worse shape if we didn't have this help, although it's not free, as we're seeing from inflationary pressures coming through.
Interesting point re local car producers, I wonder what % of parts are sourced from outside the uk ? and of that percentage, how much could be sourced locally given the difference in exchange rates ?
Great video, I've seen many others of you, but I always forget how posh you sound !!!