First Team Star
Dec 5, 2016, 10:20 PM
Leaving the eu could be the best thing to ever happen to the uk
Yep; done the pound a ton of good against other currencies - one fifth of it's value gone so far. So that's obviously not the reason you think it's the best thing - what do you think will be the benefits?
That in itself is not a disaster - better for our exporters. Yes, imports go up, but a bit of inflation won't be horrendous, may lead to the much needed interest rate rise.
It's very problematic for us as a country because we export very little, as a result, have the worst trade deficit amongst western economies. At least in the short term, our economy will be the more damaged than almost any other by having a weak currency.
This may stimulate domestic manufacturing in the long-run, but this is also dependent on government investment, which is not terribly likely under the current lot.
(This post was edited by Fanatic on Dec 5, 2016, 10:25 PM)