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The pound set to devalue
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Yeah but all those shares valued in dollars will soar, leading to a even higher FTSE 100 levels.Down with racism. Long live miscegenation! -
Originally posted by BlasterBates View Post
Exactly what the UK needs. It also makes our private and public debt smaller in USD terms, and attracts foreign investment.Comment
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Originally posted by DimPrawn View PostExports will boom, unemployment is at record lows and wages are rising fast.
Exactly what the UK needs. It also makes our private and public debt smaller in USD terms, and attracts foreign investment."A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Originally posted by Paddy View PostMost of UK exports rely on imports of components and raw materials. A fall in the pound does not cause an export boom.Comment
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Originally posted by NotAllThere View PostYeah but all those shares valued in dollars will soar, leading to a even higher FTSE 100 levels.Comment
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Originally posted by Eirikur View PostYeah but all commodities priced in USD means everything will be even more expensiveComment
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Originally posted by BlasterBates View PostComment
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Originally posted by DimPrawn View PostMajority of the cost of most exports is labour costs, cheap currency means cheap labour.
Other costs are marketing and dealer mark-ups"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Originally posted by Paddy View PostIn car manufacturing, labour costs are typically 10-15% of the total cost. Components are around 60% of costs.
Other costs are marketing and dealer mark-upsComment
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