What's the plan Stan?

lovinituk

CLAPTON wrote: »

how is the price of imported goods dependent upon GDP?

They said GBP, not GDP.

poppy10_2

BobQ wrote: »

Clearly you have no idea what the plan is

CLAPTON

lovinituk wrote: »

They said GBP, not GDP.

ah Ok

so we will suffer like Germany with a lower valued currency that we would otherwise have.

Whilst there is no 'correct' value for a currency, there is usually some relation between its value and the balance of payments deficit/surplus.
Ours is at at 50 year large deficit so the pound was heading for a fall.
A lower pound will make our exports cheaper (like Germany) and discount any EU tariff if they are made enough to damage their own economy for political revenge.
This will enough new business and employment.

kinger101

poppy10_2