Well, it’s coming up to Christmas so let’s have a little bit of cheer amidst all the gloom and economic despondency.
The Pound has fallen in value to almost equal the Euro and in the current recession this is a definite advantage. Our exports will be cheaper for the buyers thereby creating more work for us or at the very least, preventing the closure of some companies. Holidays abroad will be considerably more expensive and so encourage many of us to holiday in the UK and so keep the money within our own economy. Additionally, a holiday in the UK will be very attractive to foreigners and provide yet another boost.
Of course, as the global downturn turns up in a year or so, we will be at a slight disadvantage to start with but let’s not worry about that for now, it’ll spoil this little bit of cheer.