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alan_m alan_m is offline
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Default [EU] budget implications

On 19/01/2017 13:55, Chris Hogg wrote:
On Thu, 19 Jan 2017 11:10:50 +0000 (GMT), "Dave Plowman (News)"
wrote:

The fall in the value of the pound has already cost us more in increased
import costs than any net saving in EU contributions after we leave.


Conveniently ignoring the benefit to exporters, of course. Devaluation
is generally good for a country; why else did Harold Wilson devalue
the pound by 14% in 1967,


It called quantitative easing these days

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