‘Tis the season for Christmas receptions at Westminster, where the hacks like myself compare notes with people who know a lot more about life than we do. There’s a distinct lack of bubbly this year – funny how ministers take special care over that, while the government overspend is (literally) enough to fill every bath in England with Moet – but the chat’s been first class, especially at the Centre for Policy Studies bash last night. I thought I’d share some of it with CoffeeHousers. Much of the below may be obvious to y’all, but I found it interesting and thought-provoking. Here are my top ten points from the right-leaning people I cornered:
1) EXPORTS Utter rot being talked about the economy now. Take the idea that the plunging pound will mean an export-led recovery. One must remember that overseas clients will demand a discount. If sterling is off 25% against the dollar they may demand 18%.
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