Why we don't devalue the pound?
Would this not create jobs because our products would be easier to export?
Would this not make imports more expensive so that we would buy fewer Chinese goods, import fewer foreign cars and hence buy more British products?
Granted, we would find imported raw materials more expensive. But don't we have massive deposits of pure iron ore here in Furness that stopped being mined because of water pumping costs? With wind and water power available on our doorstep, could electricity not be generated relatively cheaply to help with these pumping costs?
The higher cost of imported materials would mean more expensive British products for the home market.
How much copper is still in the Coniston area? Low concentration maybe but we now have the technology to recover this.
Other minerals - Aluminium and Magnesiuim can be generated by electolysis - needing cheap electricity again. Could we not become a net exporter of these minerals?
Does this not make sense?
How true is it that the pound is kept strong for the benefit of the rich?
I'm fairly ignorant on all this - does anyone want to enlighten me?
2 comments:
I use coal and it is imported from SOUTH AMERICA !
WE still have 500 years supply under the Yorkshire ,Lancashire coal fields but these pits would be too expensive to reopen.
The Germans shut their coal mines, but kept them maintained.
They are investing heavily in clean coal technology
The evil Lady Thatcher did this criminal act.
ALBAN
Seven Eightyfour
7% of the country own 84% of the wealth
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