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Well it happened today. After months of speculation the UK now has a hung parliament with the Conservatives coming out with the most seats but not enough to have a majority. They are now looking to form a coalition with the Liberal Democrats but this could be difficult due to the fact that the Lib Dems are more closely aligned to Labour (as pointed out today by an ex Liberal Democrat MP). Continue reading Hung Parliament in the UK Having now had some experience with politics from other countries (not as a politician, thank you very much) I now see Australian politics in a different light. From watching the current currency exchange rate for the Australian dollar and watching short political news items (online) I see how they manipulate the value of the dollar against that of the outside currency. As an example, with Christmas shoppers looking for bargains the Australian Reserve Bank increases the base interest rate to make Australians think twice about hooking into their credit cards and thus decreases the amount of spending on imported goods. Continue reading Australian Politics Or Not? |
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