Reply to post: Re: Brexploitation

Brexflation: Lenovo, HPE and Walkers crisps all set for double-digit hike

YARR

Re: Brexploitation

"The fault is 100% the Brexit vote because everyone else on the planet, apart from extreme Leavers, now appreciates that the UK's economics prospects are now diminished as a result of that vote"

I can't speak for the rest of the planet, but if I want to buy something from abroad, my concern is what it costs to buy which is a function of real productivity and tariffs, not where laws are made. I don't refuse to buy something from abroad because their government isn't part of a supranational political block.

"Pegging one currency to another has a history of ending in tears"

Locking or pegging? The Yuan is periodically revalued, but clearly it's change in value does not reflect the very different growth rates of the two economies. Isn't it remarkable how they pull that off when we couldn't keep the Pound tied to the Deutshmark even when our growth rates were similar.

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