Quote Originally Posted by ber View Post
Devaluation is a really bad option just gives a false sense of value in ure own country when u go
trade ure currency is worth less so imports are much more expensive,during the recent economic
slump it was suggested that Britian take this course of action but it was strongly resisted as it
was seen as being a very bad option long term
Sorry you are wrong britain has allowed sterling to devalue ie it has not propped it up look at the current euro to sterling rate and compare it to pre crisis rates it's upto 30% drop. This has effectively made britains produce cheaper and reduced britains wage rates compared to it's neighbours. Yes it has made imports more expensive and will lead to inflation but in the depths of recession neither of them are the biggest concern.