The over valuing of the Pound post WW2, was an economic disaster for the UK. It started the hollowing out of the UK economy, as it was cheaper to import than domestically produce.
It did provide financial power, which is why the UK economy is now almost exclusively London based finance.
The over valuing of the Pound post WW2, was an economic disaster for the UK. It started the hollowing out of the UK economy, as it was cheaper to import than domestically produce.
It did provide financial power, which is why the UK economy is now almost exclusively London based finance.
The over valuing of the Pound post WW2, was an economic disaster for the UK. It started the hollowing out of the UK economy, as it was cheaper to import than domestically produce.
It did provide financial power, which is why the UK economy is now almost exclusively London based finance.