The end of September saw the pound fall to a record low against the dollar. Despite the well reported negative consequences in the mainstream media, John Mills, economist and Founder of The John Mills Institute for Prosperity, claims that such an event could result in a silver lining, and growth opportunities for UK manufacturing.
Speaking in the days following the pound’s devaluation, John highlighted the UK’s historic national obsession with policies that lead to an overvalued pound which have contributed to driving down manufacturing productivity, creating an unproductive and low growth economy. He also identified that a lower value pound represents an opportunity to boost manufacturing and for the…
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