[Taffj]

The british Government tells us it is in our interest to have a weak pound, for export purposes. As I understand it, we import nearly all of the raw materials to enable us to manufacture products that we sell in the UK and overseas.
We import more food than we produce.
Our import bill always seems to be higher than our export revenue. So why is it more important to have aweak pound ?

[tickle]

Good question, but UK has many natural resources. This list may be a little outdated but natural gas from the North Sea is a good natural resource.

Coal,
Petroleum,
Natural gas - found in the British sector of the North Sea
Zinc
Tin,
Limestone,
Iron ore,
Salt,
Slate
Clay,
Chalk,
Gypsum,
Lead,
Silica,
Arable land

A weak dollar, pound, whatever you want to call it (UK CDN US) is attractive to investors because it encourages them to invest in the country's natural resources.

This was posted under 'economics' which is actually a good category for this; so if I am wrong with my assumption of this question, please point it. This is a very interesting question.

Hi Taffji, my reasoning may be skewed but your question was just such a good one, I had to put my two cents in.


Tick