Friday, 5 March 2010

OK then, I will SHOW you exports are a non-starter for the UK

The government of the UK will tell you that printing money and devaluing the Pound by 25% in 2009 was a good thing for everyone in Britain, because it helped our exports and therefore brought money into the country. I begged to differ all along, and here is a chart from Eurostat (via a New York Times article here) that illustrates to you how that was indeed the case; we had the biggest trade deficit among all of the countries listed:

In the immortal words of our illustrious leader "it was the right thing to do". What a crock. What a complete idiot. Who voted for this guy? (Yes, I *do* know that nobody did, it was a rhetorical question...)

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