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by sievebrain 3644 days ago
The idea of "clout" is an incorrect belief that is not supported by the data:

http://www.civitas.org.uk/press/no-benefit-for-uk-trade-from...

1 comments

Thanks for that, interesting observations. Still sceptical though (not saying you're wrong), given the UK huge trade deficit and now a weak £.
A weak pound makes british products more affordable to foreign consumers,which should partially mitigate the trade deficit.
> A weak pound makes british products more affordable to foreign consumers

And foreign goods less affordable to British consumers...

> which should partially mitigate the trade deficit.

Indeed.