The pound is still stable at these levels following January 31st 2020. It neither collapsed as the fearmongers said it would, but neither has it recovered to pre-referendum highs.
This means that any overseas outfit wishing to start up over here now that Brexit is supposedly done (I don’t believe it is, actually) - will know that any acquisitions come cheap ongoingly - because the pound is still $1.30 AND they know that these goods priced in Sterling because they are being made here - are likely to stay competitively priced for some time to come.
That is a BIG reason to move ANY manufacturing plant to the UK, regardless of we starving Brits wanting to buy said goods - or not!
We even had a (imo) totally bogus Inflation figure released this morning…
The pound, which usually makes a large move up or down on such a relatively big shift in RPI/CPI - did NOTHING.
This tells me that the figure was either
(1) Made up out of thin air
(2) Widely anticipated, and totally priced-into Sterling already,
or very likely both of the above…
The LAST thing UK strategists want right now - is a sudden rush of foreign money coming here pushing the pound up, and spoiling our imminent party before it has even got started.
So you release a data figure that says “Don’t come here with your cash. We’re a bunch of losers about to lose - so stay away”.
That’s pretty cool, if you think about it… Are we all not sick and tired of seeing both sides of government - selling off our stuff at a loss to foreigners - only for those firms sold off to rip us off royally, with the profits all privatized AND sent abroad after?
The only Tory Privatization that I thought was a good idea - was Eurotunnel, as it would dump a huge loss in the continent’s pocket, leaving us better off for it.
Blair dumping clause 4 - still didn’t get me to vote for him though.