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In the News

Will the pound's fall help the UK economy rise?

Graham Watson

17th October 2016

Larry Elliott's piece here in the Guardian looks at the implications of Brexit, both for the pound in the short-term and the whole economy in the longer term. He reiterates the view that the short-term implications of the weaker currency will change the emphasis within the UK economy.

However, as he points out, its longer term health is largely dependent upon the ability of the UK economy to adapt and adopt the structural reforms required to tackle its twin deficits. If we fail to do this, we've missed a genuine chance to rebalance the economy at a time which might permit seismic change.

Update: Microsoft raises the UK prices of their enterprise software services:

Taking back control or taking back control-alt-delete? Microsoft has announced a steep rise in the UK prices of cloud computing services following the fall in the value of sterling against the US dollar. Will other software providers do something similar or sense an opportunity to create a pricing differential between the charges made by Microsoft to UK users and their own products?

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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