4 ms·
Exactly. Low currency is great for manufacturing.
by Johnie 10y ago
Exactly. Low currency is great for manufacturing.
- newrotik 10y agoNot only manufacturing. It will become effectively cheaper to hire people in the UK from outside. We had a (too) strong Swiss franc for years now, and it's been a bane for businesses/economy.
- kartickv 10y agoIt will help British industry, while hurting savers, so maybe it's more a transfer of wealth than an overall benefit or loss?
- guitarbill 10y agosadly it's also become much more difficult to hire people from outside. also, isn't more immigration the opposite of what the leave campaign voted for?
- fixxer 10y agoLittle more nuanced than that...
- Tomte 10y agoUnfortunate that Britain has been deindustrialized over the last decades.
- jacquesm 10y agoYes, it is. If you're a manufacturing country. And the UK hasn't been one for quite a while now, most industry has moved out to other countries (former Soviet satellites and Asia).