Comments by "Paul Aiello" (@paul1979uk2000) on "Tory MP takes down 'hysterical' BBC coverage of the economy" video.

  1. The problem is with the UK being an island nation and a small country is that we import a lot of goods whiles we don't manufacture much. Contrast that with the EU and US that does build a lot of its own products because of the size of the market, the currency dropping becomes an issue for countries like the UK as it makes everything we import more expensive whereas the Euro or Dollar, it's less of an issue because as external goods become more expensive, more goods are bought at home, that is only doable when you have a big market that creates a lot of goods like the EU and US have, so currencies going up or down are less of an issue for the EU and US compared to smaller countries that depend on exports. Now it's not as clear-cut, the EU countries will be buying a lot of oil and gas from external sources but as they stay expensive, it's going to make renewables look cheaper and a lot more appealing which in turn will likely mean a lot more investment in those areas. The UK can't afford a weak pound, especially with Brexit because we're too dependent on others for many of the things we buy and a weak pound means a lower standard of living. The irony is, say the EU was still in the EU and say we joined the Euro, it would be less of an issue because as goods from outside sources become more expensive, more will be bought from internal sources in the Euro Zone as there is no currency fluctuation and likely works out cheaper and in the business world, price stability is a must.
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