Quote:
Originally Posted by Lee
The problem with the uk nowadays is the industry we do have imports its raw materials, with a crap £ at the minute this gets expensive. we then make our products and then export them again the crap £ means we make less, maybe a loss. If a 1% interest rate does not stimulate spending then i dont know what will.
We are in deep crap and things will get worse long before it gets better. Right now though nobody has the answer.
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That is not correct. Yes when buying the raw material it costs more, but if you're selling at a fixed foreign currency price, say dollars, then you get more pound for your dollars so it works out ok. It's not a lose lose situation.