Devaluation of the £ is both good for exports and the share price (hence pensions etc) of our companies. Unfortunately the £ is now rising, so I’m upset and your argument is screwed.......
The £ rose almost imperceptibly today because of remarks Bernier made which were interpreted as signalling a softer Brexit.
It will collapse good and proper if people like you get your way.
A cheap £ is normally good for exports, and for attracting foreign investment. But even with an unusually cheap £, manufacturing is somehow in recession (!!!), because Brexit is a disaster for supply chains and nobody wants to invest in the UK.
A cheap £ is also terrible for UK overseas investment, for travel, and for imports - which is not a small consideration for a small, cold, and remote island with 60m people crammed onto it.
This makes almost everything more expensive, even though wages are stagnant (and thus shrinking in real teams), which combined with the general negative impact of Brexit - before it has even actually happened - has forced the BoE to continue eviscerating interest rates.
And this is likely the worst thing imaginable for the people who manage your pension.
