General (General discussion, talk about anything.)
TTS
What's for certain is that UK productivity has to be addressed otherwise we'll continue getting poorer. I doubt that ether Soonak or Starmer understand the urgency or the need for it. So yes it does need somebody with the drive and determination of Mrs Thatcher.
Prior to the IMF bailout we had the 14% devaluation of Sterling 9 years earlier by Harold Wilson. It fed into the ecomic conditions that led to the bailout. On TV Harold said that for people in the UK the £ in your pocket is still the same, it clearly wasn't it was worth 14% less.
Historically the UK started going downhill economically with Attlee's 30.5% devaluation of Sterling in 1949. Several countries had their currency tied to Sterling causing them to devalue to the same extent.It caused major trade disruptions across the world and diminished trust in the UK.
Replied: 25th Jul 2023 at 12:53