Roger Ramjet
Vital Reserves Team
Nothing wrong with a weak pound when you have skilfully positioned your pension fund into non sterling currencies!!
Also nowt wrong with a weak pound to stimulate the export drive post Brexit. Its maybe not a policy I'd advocate long term given its inflationary knock on effect, but for now its good. Exports go well, imports fall, balance of payments improve.
Holidays cost more, but really, do I care - its a luxury not a necessity? Capital goods go up in price eg cars for the man in the street, machinery for industry, but that gets reflected back into higher CPI inflation, then it needs to be tempered.
Austerity for sure as regards stuff imported - but we dont need New Zealand apples, American strawberries, Peruvian asparagus: so food miles (my serious bugbear) will fall. Just eat food in local season - its rarer and so tastes the nicer for it, and environmentally much more sound.
Also nowt wrong with a weak pound to stimulate the export drive post Brexit. Its maybe not a policy I'd advocate long term given its inflationary knock on effect, but for now its good. Exports go well, imports fall, balance of payments improve.
Holidays cost more, but really, do I care - its a luxury not a necessity? Capital goods go up in price eg cars for the man in the street, machinery for industry, but that gets reflected back into higher CPI inflation, then it needs to be tempered.
Austerity for sure as regards stuff imported - but we dont need New Zealand apples, American strawberries, Peruvian asparagus: so food miles (my serious bugbear) will fall. Just eat food in local season - its rarer and so tastes the nicer for it, and environmentally much more sound.