Is this realy a disaster?
The Chinese have supressed their Yen, and subsidised their steel, yet with a weaker pound it may make our better quality product look more attractive.
It might also help our wool trade, as the Americans love Tartan Blankets, and very good sweaters. So do the French.
I think people's private pensions are probably going to take a hammering, It was the majority of people of pensionable age who voted for Brexit, so they will have to put up and shut up over the consequences.
I wonder if the dip in the Pound is a panic buy for Brits who want holiday money. Most online reserve and collect companies have ceased trading. I have a sneaky suspicion this is all just speculation, and once the Pound reaches about Euro 1.17 everyone will start buying the Pound for a cheap holiday to the UK!
It has cretainly put the markets in chaos, which I think is a good thing. It's like a modern day Guy Fawks plot that suceeded! Perhaps everyone will wake up that there are more important things than the stock markets.
We all need each other as trading partners the world over. Initially being in the EU it secured trade agreements, however it didn't just stop there. I don't think I want a massive European Parliament that costs a fortune to run making decisions that I cant vote against. I do not think Europe should have an army. Yes I would have voted in, but England voted to leave. We will just have to wait and see what happens next. Lets face it the UK may never invoke artical 50 and instigate the leaving process. We are still in the EU until we do.
Perhaps with a devalued pound our farmers may get a better deal from supermarkets, as buying from the local economy will be more attractive. Perhaps we can have all the produce grown, instead of the scandalous waste of discarding not quite perfectly shaped vegetables, and throwing back perfectly good fish because of quotas set by the EU.
We have the finest Beef, Lamb and Pork, and perfectly good chickens and Turkeys in the UK. Perhaps due to the cost of importing, our Farmers may get a better livelihood. Our Dairy farms in the UK have also been put out of business by price wars on milk. Perhaps investing in farming by paying more for milk will bring more jobs and boost our internal economy.
We as an Island own the Jersey Herd book. The Jersey Cow is the best breed of cow in the world. We support our own island farmers with £1.12p per liter of milk. Yes some shops sell it cheaper, but thats about the supermarket price. It means we have our dairy farms, our farmers, and an internal structure that keeps the countryside managed. We also export this milk to the far east, and it is considered a premium product. It makes wonderful ice cream and cheeses.
With modern technology, modern glasshouses that are heated with local renewables, the UK should be able to invest in a whole new modern farming industry that supplies the much needed employment and development our country needs. First and formost is food security to my mind. We should not be relying solely on imports. If pineaples could be grown under glass with horse manure to keep the glass frames warm, we should be able to come up with something as innovative in this age. The Gardens of Helligan used to supply the court with pinapples in the 17th century. They were worth about a thousand pounds each! People used to rent them for dinner parties as a centerpiece.
I digress, I am sure we are going to find imported goods more expensive for some time, so we had better start buying British and enjoying our own produce. We have always had honesty boxes for fruit and veg around Jersey. I am sure there will become a new trend towards bring and buy sales for excess home grown veg soon all around the UK.
Of course, the Americans could just bite the bullet and devalue the Dollar! No one will be able to buy from them by the end of this week!