(June 25, 2016 at 11:26 am)Allanon Wrote:(June 25, 2016 at 11:19 am)Tiberius Wrote: Signed the petition.
Not sure what fantasy world "leave" supporters live in, but no, the pound losing value is not a good thing. It might help some exports, but it won't help the rest of the economy, it won't help regular people, and...oh right, you just voted to leave a powerful trading block, so that export help might be short lived.
Some exports??? The pound is lower so any item exported at the previous price will make more profit after exchange OR they could lower the items price to sell more, in both cases bringing in more money! More money in means possible opportunities for more jobs and investment. How is that not good for business and good for people in general?
So, items making more profit after exchange is very short term, because it only affects products exported before the crash.
Selling more items at a lower price does not necessarily mean more money. Are you forgetting that the cost to produce items will remain the same?
Imports will be more expensive because the pound isn't worth as much anymore. The UK imports more than it exports, so we're going to lose money.
Inflation is a likely outcome as well. The money you have in your pocket is now worth less than it was a few days ago. Prices will go up to compensate.
So no, I don't think any of this is good for business, or for people. What is good for everyone is when the pound is stable.
