Saturday, October 8, 2016

Playing fast and loose with Sterling

Frustrating times here.

"If you believe you're a citizen of the world, you're a citizen of nowhere. You don't understand what the very word "citizenship" means."

-         Theresa May Conference Party Speech 2016

Well I tell you Mrs May.  I am a "Citizen of the World" and I am affronted by your narrow minded, xenophobic views.

My mother was born in Finland to a family that had emigrated there from Sweden.  My Father was born in India to an Irishman and his French Indian wife.  I grew up in London but was able to freely move to nearby my wife's family in Spain when my children were born, and have had the privilege of moving to Andorra and enjoy all its advantages.

We've not stopped either – I look at the World with unlimited vision.  If my business or my desires take me – we will move to wherever we are made to feel welcome and can contribute.

Where I can tell you I won't be going, or considering setting up subsidiary countries, is the UK – or whatever will be left of it when you finish.

My main income remains GBP Sterling due to my business that I set up there in 2001.

You and your party's anti-business and anti-immigration views and rhetoric is having a real effect on me and my businesses now.  Maybe you will liberalise and educate the English in needed skills to make England a place where I will be able to find workers with the skills I require – bi- and tri-lingual IT engineers who show initiative and work at globally competitive rates in 10 years' time?

But right now – I need to pay for these kind of people the world over – and they don't accept ££s.

By wreaking the currency you are putting my investment program in jeopardy. 

Look at the sterling's decline in the past year.


These rates were already discounted due to the impending referendum prior to June – and now look!  If we take from the high in November my capital investment reserves have dropped by roughly 30%.  This is killing me.   Stop now!

I've still got 20/25 years of work at least ahead of me.  I also have a good memory.  Do you think I should invest more or less in the UK in these coming years Mrs May?  I leave the answer up to you.


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