I am not up on fiscal responsibility when it comes to the UK.....

[chillfactor]

but if the pound has dropped to its lowest level in 30 years.....doesn't that mean that the people will have to pay more to buy less?

[lapfog_1]

1. yes...

imported goods skyrocket in price...which is very bad for the UK.

OTOH, tourists do well because their dollars or Euros go a lot further in the UK... as Donald was quick to point out as a "good thing" for his golf resort.

[chillfactor]

4. but Scotland voted to stay in EU....

so I do not see how that is good for Donnie....

[lapfog_1]

5. Donnie needs tourists (mostly Americans)

to pay the exorbitant fees and room rates at his resort. A much weaker pound makes this more attractive.

[chillfactor]

6. okay....

Thank you for the explanation...

[Yo_Mama]

2. Yes, but it's very good for exporters. It is also likely a shock effect.

If it's good for exporters, it may help the UK economy.

[Agnosticsherbet]

3. Why yes, yes they will.