Shock ONS data wipes £490 bn off UK wealth

[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'

[spygirl]

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.

[Green Devil]

6 hours ago, spygirl said:

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

Put it in perspective.

Can anyone explain the numbers and give an analysis?

[spygirl]

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.

[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

[Long time lurking]

Just now, The XYY Man said:

Say it right lurky-boy - that's half a crown...!

 

XYY

Forgive me i`m a decimal boy 

[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