But some business' have reported a sales increase of 30% plus since Brexit as tourism has boomed due to the cheaper pound. It also helps exports. I know I'd rather have things a little more expensive than have terrorists and criminals coming into our country.
I've inadvertently derailed this thread a bit but I have to reply to this.
Leaving the EU will have no effect on immigration, legal or otherwise, from outside the EU into our country.
We have an exemption from the schengen agreement, so the amount of non EU citizens coming into the UK will be the same (or more if the French feel less inclined to protect our borders).
It only might affect numbers of EU citizens coming here (who are filling jobs people here don't want) and they are not 'terrorists and criminals'.
There's little evidence that exports increased last time sterling dropped (though these are record lows). Most manufacturing in this country relies on imports and they are now more expensive.
The reason prices haven't gone up so much yet, is that the likes of OCUK still have old stock which they bought when sterling was strong and other companies have been absorbing increased costs, which can't continue.
The reason sterling is low, is that we had a market of over 500m people so companies like Nissan were happy to spend a billion building a car plant (yes I know the government's cut a deal with them - whatever that costs, we'll pay for).
We've now voted to tear up all our trade agreements - it will take a good 15 years to sort out proper new ones (and we only have about 20 trained diplomats who can handle trade deals - the EU has over 600) - so no-one can invest here from abroad as they don't know what size our market is (it was over 500m people plus the 50+ favourable trade deals the EU has with other countries)
So sterling is down because no-one can invest here (except buying property in Chelsea or golf courses) till we've sorted this mess out.
Think of it as the share price of this country - hitting 175 year lows really should be telling you something.
Losing our banking passport is what will really hit us - the City accounts for about 13% of our total taxation and their euro markets at the least, will have to move. Most of our trading is in services - losing our banking passport will hit us heavily.
Back on thread - Black Friday deals will be bought in with a very weak pound; so I don't think there'll be many good ones this year; I'll certainly have a look though.
