Quote:
Originally Posted by Blitzers
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Why do you think China keeps devaluing their currency. It incentivizes other countries to purchase your products, thus enriching businesses within instead of abroad. The Pound will be fine, quit with the psycho-babble.
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because china has an economy based on production and exporting of goods, to a far greater extent then the UK has or ever will have
next
(sry buying chinese shit just got that much more expensive though)
unless the new UK plan is to compete with upcoming economies and 3rd world countries, when it comes to the production of fine 2.00$ T-shirts and such
guess i might have overseen this masterplan
"The Bank of England, the Institute for Fiscal Studies and the IMF have assessed the long-term economic consequences of Brexit. They suggest an income loss of £3,000 to £5,000 annually per household – once the British economy settles down to its new steady-state five years or so after Brexit. But there are some more immediate financial consequences that have hardly been mentioned in the referendum debate."
https://www.theguardian.com/commenti...s-george-soros
read the entire article pls, it further explains while atm is a terrible time to ruin the value of your own currency
of course you'll probably just say its "psycho-babble"
"Several experts have predicted that the economic shock of leaving the EU would cause unemployment to rise in the UK. That would reduce the pressure for wage growth. The Treasury estimated that wages will be between 2.8% and 4% lower at the point of maximum impact, with a typical worker at least £780 a year worse off.
http://www.bbc.com/news/business-36537906
and so on