Gordon Brown in 1995: “A weak currency is the sign of a weak economy which is the sign of a weak government.”
Today: on the commercial exchange rates, one pound will, at best, purchase you one euro.
The Prime Minister insists Britain is better placed than other countries to weather the financial storms of the coming year. It wouldn’t be a bad thing if that were true. But if it is true, why doesn’t anyone outside Downing Street seem to believe it to be true? I mean the currency markets aren’t like a bunch of churlish, chippy, cynical bloggers are they?
[Hat-tip: Iain Dale]
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