thirdcrank wrote: ... And given that we import more than we export ...
... a weaker pound discourages imports by making them more expensive, ditto overseas holidays.
It's true about imports.
But if EU produced goods become too expensive then one can turn to China. Their currency has been held artificially weak by the "Party".
(("We can trade with the rest of the world after we leave the EU
))
So we buy so much from China that is ridiculously cheap but a good deal of it is actually shoddy and of poor quality.
Someone once wrote on the Forum:- "My grandfather always said he couldn't afford cheap tools".
A false economy. And so it has often proved in my fairly wide experience.
What we import most of from the EU is food, much of it of very high quality. The weak pound has made much of that more expensive and we are pretty dependent upon it. Food!!
And then there's oil...
Something like 60 or 70% of the food on the plate is totally dependent upon oil, in production, transport and storage.
The weak pound effects all this.
I take the point about Southern European unemployment.
Some of it has to do with the China currency factor mentioned above, IMV.
But that is the the European dream- let the stronger countries help the weaker one's to improve their infrastructure, housing etc.
Through that can efficiency be improved, and jobs created.
It's not perfect but it's better than this greed orientated Govt. that we have.
It gives scant regard for anything sustainable (transport agriculture), and for the weaker elements in society, a reduction in living standards is seen as the only way.
Which it clearly (to me) isn't.
IMHO