Thursday, 14 July 2016

We Might Want To Embrace the Weaker GBP


Image result for weak GBP

I recently read David Davis's post on his vision for the UK post Brexit. To surmise he states...

"(Our economy currently) depends far too much on domestic demand, which even after 2008 is excessively funded by consumer credit. This is unsustainable in the long run. So we need to shift our economy towards a more export-led growth strategy, based on higher productivity employment."

If you have around 2 hours spare you can it read the rest of it here.

Honestly I like his vision. However if we're going to be an international export lead economy, it occurs to me we might want to get used to and start embracing our weak GBP, it could well be permanent and the new sign of health.  

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