The majority of goods bought by the British consumer come from abroad, especially the pricier items. Just take cars, white goods, computer hardware and software, what percentage are made here?
If the � loses 1/3 of its value against the $ or the Euro this will in future cause those goods to increase by 1/3. The stocks already here should be unaffected.
So why are the British so against joining the Euro? Are we being brainwashed especially by the Tories or the Little Englanders?
http://news.bbc.co.uk/1/hi/uk/7806936.stm