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Every day I receive an email that tells me how the £ is doing agains the €. For the last year or so it has moved only marginally, but this week’s unemployment figures have pushed it quite significantly in Sterling’s favour. A cheaper Euro will be good news for a couple of million ex-pats, but not so good for the Leader of the Opposition, as it is a reasonable indicator that the present government, for all its imperfections and internal backbiting, is actually getting things right.

Categories: Politics
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