In the News
Weak pound no cure for long term UK economic ills
30th October 2016
Phillip Inman looks here at the suggestion that a weaker pound will be beneficial for the UK economy.
Find more statistics at Statista
This has obvious, intuitive appeal. However, thinking it through, you soon run up against all sorts of counter-arguments - will UK exporters keep their pound price the same? Do we have the spare capacity to meet any increase in demand? For what proportion of our exports is price a major determinant of trade? And are services part of that group?
And that's just for starters: the empirics of this aren't as clear cut as you'd expect either. Some economists argue that a strong pound is more likely to drive a search for efficiency that boosts international competitiveness to a greater extent.
You might also like
Four facts about UK manufacturing industry
22nd October 2014
Immigration and the UK Economy
19th October 2014
Twin Peaks for the UK Economy
19th October 2014
Bank of England Chief Economist on the Real Economy
19th October 2014
After the BRICs, the GIPSIs: Tackling Europe’s Problems
10th September 2014
Open Data - Britain leads the world
23rd July 2014
Export Complexity - Hidalgo and Hausmann
9th July 2014
30 Most Innovative Countries in the World
24th January 2014