Re: Questions for a select comittee...
>Brexit pound means imports necessary to make exports are expensive again.
That isn't a problem - the worst case is if you aren't adding any value, so the status quo is maintained. In that case, don't expect profit.
The more value you add (perhaps reflecting more work done in the UK) the more competitive the export.
https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments
I'd say we actually need to do without stuff for a bit and correct our balance of payments. More expensive imports and cheaper exports are a good thing. And no, you can't blame those horrible figures on Brexit.
Something has gone very wrong with finance. In the 1970's one man's salary typically supported five people. House prices have grown four or five times more than salaries since then. Now on average two salaries support two and a half people. Are we better off? We have more stuff, but are we actually better off of have we just borrowed to buy things we can't really afford? All that government debt... we will have to pay it off one way or another.
Biting the hand that feeds IT
