TimberCutterDartmoor

What a great programme; iPlayer it if you missed it

This from 2011; factually the same as now: Ever since the euro’s inception the pound has in some way been caught in the wake of the single European currency, and its fate now hinges as closely as ever on what happens on the continent. If eurozone leaders disappoint in delivering their latest promise to halt their region’s mounting debt crisis, we can expect the U.K. currency to go through almost as dramatic a decline versus the dollar as the euro itself. Certainly, the charts suggest that: The monthly correlation between GBP and the EUR currently stands at 90.55, a significant tightening in the relationship from April 2010, when measured correlation stood at 64.43 and about as close to a perfect 100 as this pair has ever been. This continues a longer-term increase in correlation from November 2007, when the relationship was actually in negative territory. The pound-euro correlation is likely founded on fundamental concerns about U.K. banks’ exposure to the troubled euro zone. The bulk of that is concentrated in Ireland, which is not necessarily expected to follow Greece into a default, but the risk of contagion through that channel is not insignificant. This is setting the pound up for a key technical test, in which failure in Europe could drive sterling down to support at $1.5440, a level that has withstood challenge for 14 months. That failure would set the pound back on the long-term downward trend it has been on against the dollar, a trend that — perhaps not coincidentally — started in November of 2007 when the correlation with the euro began to turn positive. There are home-grown reasons to expect a weaker pound too, and we got one of them Monday with the Federation of Small Businesses reporting that its quarterly confidence index fell to -9.3 from July to September, down from +0.3 in the three months prior. The FSB chairman noted that small businesses plan to cut jobs for the first time since 2010. Over the weekend, economists at the Ernst & Young ITEM Club downgraded their estimates of U.K. growth for 2011 to 0.9% from 1.4%. That weakness is likely to keep another key source of pound weakness in place for some time: the Bank of England’s proclivity to print money. The BOE surprised markets last week with a decision to add an additional GBP75 billion of stimulus to the economy in a new round of “quantitative easing” asset-buying. While the Bank’s decision was met with skepticism both to its size and effectiveness, its polices are very like those used by the Fed, which had the intended or unintended consequence of weakening the dollar. Similarly, look to QE in the UK to produce a lower pound. But the biggest risk factor is Europe. Clearly, if the eurozone does not step up to the plate with a credible long-term plan next week — as its leaders’ promised over the weekend — the euro will fall and the pound will follow. To put a number on it, I wrote in mid-June when the euro was all the way up at $1.4450 that the eurozone needed a competitive devaluation to bring it to its triangulation rate of 1.1895. Assuming the 90.00 correlation stays intact, that would put GBP at roughly 1.4000. But it wouldn’t be all bad for the U.K. The result would be a more competitive Britain with a better foothold in the global economy.

Rubbish imo. Explain to me then why a weak euro / strong sterling is decreasing exports and increasing imports?

Thanks mate, save me the bother. Was just about to start bashing my head against a brick wall again Clueless:001_rolleyes:

This is more to do with the euro vs pound at the moment. Roundwood chip is lying around the hillsides not moving to the likes of Lockerbie so non-roundwood derived chip is even less likely to shift. You're going to have to sit this one out.

Brilliant video thanks Metsaman! As you say, "Quite nice sound..." :thumbup1:

Lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol lol

better:ahhhhh:

Precisely

Er, "Red stihl oil" aka HP is "cheap" too - completely underspecified for modern electronic saws - read the manual... Warranty not covered when using HP et al mineral oils. This must have been mentioned on here 437574839932932 times by now.

If so I can't find it so please move this clip to it and delete this thread. Otherwise enjoy! [ame] [/ame]

IMO Nugent more agricultural; BJ more roady.

How much off-roading is the trailer going to be doing mate?

What happened to the Atlas?

Bateson through Halse of Honiton altho the mods were done in factory.

Still like Bateson the most and they do more customisation now. Nugents are solid as a rock, no issues there.

Think Toyota vs Volkswagen. The Japanese stuff is sheer quality. I adore Echo, absolutely besotted with em.

LOL the only green ovals are toys!

Echo 620sx will knock your socks off, Dolmar 6100 is crisp and energetic and probably lighter than the Echo but the Echo is just a dream, see Lumberwolfs review on here. Also: http://arbtalk.co.uk/forum/chainsaws/83616-echo-cs-620sx.html http://arbtalk.co.uk/forum/chainsaws/84728-echo-620sx-demo.html

Yeah, roger that, director / employee? Either way yes we take wage upto TF max the rest if any (!) is TFD.

To clarify no PAYE (no employees), only BFSC and T/O max 250k

Hi, I think my accountant thinks they have a licence to print money with me! My sole trader annual fee for tax return used to be about £3-400 a year. Since going LTD and VAT reg'd this has jumped to almost £2400 per year; I pay £100/month by standing order but they've just added another £1200 for the last tax return. This seems hellish expensive???

Absolutely the Dolmar, but not from Amazon for crying out loud! "Shavey" on here is the UK dealer - go direct UK! Dolly is well built, Husq mickey mouse imo. Sawtroll will be along presently to say otherwise; Orange tinted vision

Assuming no 4wd required: Peugeot 504GL pick up 5 speed 1993 Red | eBay Peugeot 504 pickup (tidy, unbreakable, totally reliable) or Ford P100, both diesels. No modern electrics to add to costs. http://www.ebay.co.uk/itm/ford-p100-diesel-turbo-34000-miles-/111783927092?hash=item1a06d75d34 Echo chainsaw - lowest cost overall; prob competitive purchae price and no repair costs thereafter. Chipper? GTM?

No thanks. I will post in this thread some day! Got a whole lot of respect for MB Tracs. Will be a 1000 probably.