You summarised it well: - It is really really bad for anyone buying foreign goods and services (which is 100% of the UK population, because very little gets ma

You summarised it well: - It is really really bad for anyone buying foreign goods and services (which is 100% of the UK population, because very little gets made here) - It is nice for anyone who has major shares of UK manufacturing companies (0.01% of people) and who own foreign assets (the 0.1% of people who have 6-7 digits of globally diversified assets). Maybe for people who might find a manufacturing job that otherwise wouldn't have gone to the UK - but frankly the Ford Transit production that moved to Turkey won't come back to Southampton anytime soon... It's not black and white, but it is a pretty dark shade of grey for the huge part of the population who used to be able to easily afford nice foreign food and cheap foreign holidays and consumer electronics, and now suddenly has to cut back. And the manufacturers whose domestic revenue suffers after these cutbacks.