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The pound’s value

There is a lot of disinformation about rises and falls in the pound. Some would have you believe we had a stable and strong pound prior to the Brexit vote, and then it fell. The truth is somewhat different.

The crucial cross rate is the Euro rate, given the volume of imports we take from the EU. Sterling fell a lot during the banking crash of the last decade. On 3rd January 2009 it fell as low as Euro 1.04. It rallied in the next decade, typically trading around Euro 1.20 in the period 2010-2014. It hit a low of Euro 1.16 in February and August 2013.

By June 14 2016, just before the vote, it was around Euro 1.25, having been higher in previous months. Today it is at Euro 1.18, just 5% down on the June pre vote low. At today’s level, after rallying in recent weeks, it is around its average earlier this decade.

Published and promoted by Fraser Mc Farland on behalf of John Redwood, both at 30 Rose Street Wokingham RG40 1XU

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Jackson Carlaw: Sturgeon’s Brexit games must stop

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  • Jackson Carlaw: Sturgeon’s Brexit games must stop

15 May 2017

JCChoice

The Scottish Conservatives have accused Nicola Sturgeon of “playing political games” with Brexit.

The SNP leader said she wanted the Scottish Government to be “at the top table in Brexit negotiations.”

At the same time, she said she wanted to strengthen her hand as she seeks to impose a second, unwanted independence referendum on Scotland.

Scottish Conservative deputy leader Jackson Carlaw said:

“The only conclusion to be reached from this is that Nicola Sturgeon has now gone entirely through the looking glass.

“Let’s be clear about what she says she now wants.

“She says she wants to decide how Brexit is designed for the whole of the UK – even though SNP Ministers want that deal to fail.

“At the same time, she also wants to impose an independence referendum campaign on Scotland to try and split the UK in two.

“It is a ridiculous position to take.

“The SNP is in a complete shambles on independence and Europe, and the cracks are now beginning to show.

“Nicola Sturgeon should stop the political games, drop her plan for an unwanted second referendum and seek to make Brexit work for all of us.

“If re-elected, a Conservative UK Government will get on with the job of delivering the best Brexit deal for all of us in the UK, including Scotland.”


 
Giving evidence to a Holyrood committee last week, Nicola Sturgeon’s Brexit minister, Michael Russell, predicted talks to leave the EU would fail, paving the way for independence.

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Scottish Conservatives the only party of the union after ex-Lib Dem cllr pledges support

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  • Scottish Conservatives the only party of the union after ex-Lib Dem cllr pledges support

15 May 2017

Batho

A former Liberal Democrat councillor in Scotland’s capital city has backed the Conservatives, adding “something of a revolution” is building under leader Ruth Davidson.

Alastair Shields, who represented the Lib Dems in Edinburgh’s Almond ward last term, said he would now campaign for the Scottish Conservatives in Edinburgh West.

He said the party was “ticking both boxes” when it came to respecting the results of the independence and EU referendums, and “fighting hardest for the centre ground”.

Mr Shields is the latest former Labour or Liberal Democrat member to switch to the Scottish Conservatives ahead of next month’s election.

Pledging to get his “canvassing shoes on”, he said:

“In Edinburgh West, the Scottish Conservatives appeal to the electorate because they spend more time talking about their own campaign pledges and the potential of their candidates.

“They put across a simple message: we will deliver, vote for us.

“It feels like something of a revolution is developing in Scotland. Ruth Davidson puts people and communities at the top of the agenda, leaving talk of independence behind. We’ve had that discussion and the Scottish people rejected it. Let’s move on.”

Scottish Conservative Edinburgh West candidate Sandy Batho said:

“Alastair is one of many former Labour and Lib Dem members switching their support to the Scottish Conservatives.

“That’s because people want to see a party which will fight the SNP in standing up for Scotland’s place in the UK, and respect last year’s Brexit vote too.

“All over the country the party is making strides, and it’s abundantly clear we are the only ones capable of standing up to the SNP and its divisive drive for another independence referendum.”


Below are Mr Shields’ remarks in full:

“For me, this election is mostly about which party is fighting hardest for the centre ground and upholding democracy at a time where it constantly appears to be challenged. Right now, the Conservatives are ticking both of these boxes leaps and bounds above the others.”

“I’m not a Brexiteer, I voted Remain. I don’t think anyone in the country is under any doubt the process will be tough in the years ahead and so much is still unknown. But I appreciate that leaving the EU was the greater choice of the British people and that must be respected. I accept Brexit and believe the Conservatives, under the leadership of Theresa May, stand to represent many people across the country with the same mindset.”

“In Edinburgh West, the Scottish Conservatives appeal to the electorate because they spend more time talking about their own campaign pledges and the potential of their candidates. They put across a simple message: We will deliver, vote for us.”

“I am looking forward to getting my canvassing shoes on for the Conservatives during this campaign. I last helped them as a student and it feels like something of a revolution is developing in Scotland.”

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