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Ex-Pats and Students feel the pinch of sterling’s fall

Geoff Riley

13th December 2008

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There are over one million British pensioners living overseas and many thousands of UK students spending a year or more on gap years or as students at foreign universities. The sharp decline in the value of sterling against the Euro has caused a steep decline in the real purchasing power for these people and this article in the Telegraph outlines their plight. Such are the risks of having a fixed income measured in pounds.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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