Sterling crisis looms as UK current account deficit balloons – The Telegraph
Sterling has strengthened over the last year, but remains well down on
pre-crisis levels. Unfortunately, this relative weakness hasn’t notably
increased competitiveness. What it certainly has done, however, is add to
inflation. Devaluation is a zero sum game, and certainly no substitute for
the structural reform so desperately needed if Britain is ever going to
improve its position in traded goods. On Monday, the Coalition said it aimed
to double UK exports to £1 trillion by 2020. I wish them luck.
Ohh a Currency crisis, you watching Ben?
Ben said he could prevent this on our side... sure Ben. Now About those coins..
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