The Light Was Yellow Sir
Well-Known Member
Whereas a tanking pound with inflation at 10% is ideal. Luckily for us, gas and oil aren’t priced in dollars or that would make inflation much worse and mean the package announced on heating bills will cost even more. You’ve got a chancellor trying to stoke demand and the BOE trying to slow it down. How can that possibly lead to growth? I suppose the only hope is that Jonny Foreigner will come in their droves, as it’ll be so cheap for them. The yanks can buy up any remaining industry and businesses we’ve got left, and anyone owning shares will likely be ok (FTSE 100 anyway) as their earnings are usually priced in dollars.Whilst I can see the attractiveness of splurging on infrastructure spending when rates are low and borrowing is cheap, where would we be now, had we done that and THEN found there was a couple of hundred billion more needed to pay for COVID? Hard to imagine how we would not be in a worse place economically.
We are also giving overseas visitors their VAT back on anything they buy, which is nice.