Remember @David_Cameron warning that the value of the pound would fall? Maybe he was secretly encouraging export businesses to back Brexit!https://twitter.com/BBCr4today/status/852440980179623936 …
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Replying to @hoongwaicheah @David_Cameron
Baldricks cunning plan approach and
#brexit is a part of it? Don't think so! The#UK does not need to leave the#EU to devaluate the pound!1 reply . 0 retweets 0 likes -
Replying to @JCollinsLondon @David_Cameron
I agree completely. Just pointing out how economically ludicrous the ex-PM's warning was.
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Replying to @hoongwaicheah @David_Cameron
Well I would hope the
#UK business leaders r smarter than that. Longterm gains r made by improving quality, not by lowering prices.1 reply . 0 retweets 0 likes -
Replying to @JCollinsLondon
sigh, you still don't get it: lowering the value of the pound is not a bad thing. Yet dumb ex-PM used it as a warning against Brexit.
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Replying to @hoongwaicheah
In macroeconomic terms, the strengthcurrency is the strength of the economy. A devaluated £ means less power, even if it boosts sales.
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lol, that's not how it works. I'm writing a piece explaining how it does work. In the meantime, read this:http://www.investopedia.com/articles/investing/091515/why-strong-us-dollar-bad-investors.asp …
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