surviving the recession

What implications does the weakness of the pound have? Well, for us British bloggers, it’s a boon, a massive relief. All online earnings are in dollars, whether or not you are working for an American firm (the European and Australian online orgs pay in dollars too), and the strong pound from 2005 to 2008 was killing us.

I remember the days when the £ climbed from £1: $1.85 to £1: $2.11. You had to earn 14% more just to stand still. But the current fall in the value of sterling has been a massive relief. Sterling now stands at £1 : $1.36. Which means that for those with dollar earnings, we’ve gotten a 32% payrise since summer 2008. I don’t know how long it will last, but we should try to earn as much as we can while the going is good!