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Shock ONS data wipes £490 bn off UK wealth


Mirror Mirror

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Mirror Mirror

http://www.express.co.uk/news/uk/866946/brexit-latest-updates-ons-data-wipes-490-billion-uk-wealth

So is this serious? They are saying that an ONS writedown leaves Britain with £490bn less in foreign reserves than previously thought, ie £22bn in deficit, equal to 25% of GDP.

There is angood article in the Telegraph business pages from Monday but aincant dind a link to it, hence the link to the 'soaraway Express'

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6 hours ago, Mirror Mirror said:

http://www.express.co.uk/news/uk/866946/brexit-latest-updates-ons-data-wipes-490-billion-uk-wealth

So is this serious? They are saying that an ONS writedown leaves Britain with £490bn less in foreign reserves than previously thought, ie £22bn in deficit, equal to 25% of GDP.

There is angood article in the Telegraph business pages from Monday but aincant dind a link to it, hence the link to the 'soaraway Express'

https://tradingeconomics.com/united-kingdom/foreign-exchange-reserves

Put it in perspective.

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3 minutes ago, Green Devil said:

Can anyone explain the numbers and give an analysis?

Theyve adjusted the numbers but its nothing compared to how much forex uk has now.

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Long time lurking
7 hours ago, The XYY Man said:

Let's get down to brass-tacks.

Can any of you fuck-wits tell me *exactly* how much a month this "foreign-reserve" bollocks is going to cost me..?

 

XYY

2 and 6

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Long time lurking
Just now, The XYY Man said:

:)

I have a foot in both camps.

I was six when we went decimal, but was twelve by the time the school got decimal maths books...!

;)

 

XYY

Well i was three(i think) and all i know, is money got smaller but the sweets stayed the same size 

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