Quote:
Originally Posted by thommy
a weak pount is the best what the UK economy can hope for.
low pound means low prices when a country imports from there.
the dark side of the metal is that britain is an island and needs to import many things from outside. those things will become more expensive with a low pound.
but better ask paul, he knows more about those things as we and all economic scientists together.
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Yes the weak pound has ups and downs, but being free of the EU and it's CAP. Those prices will drop, then there's the saving of $350 million a week. Money Westminster can spread around the economy as it pleases. We've already established the EU sees some countries as cash cows and others to be bottle fed with the money.
No doubt as the economy adjusts itself the pound will find a better level.