What a wonderful week! The longest day of the year, release from the EU, a higher FTSE100 and reduced value of the pound. So much for all the pessimism of the soothsayers.
We have been trying to reduce the value of our currency for years (our low interest rates) but having reached 0.5 per cent had no means of achieving this other than ruining our economy. Now, Thursday’s vote has done it for us without savers suffering even more.
This move will stimulate our overseas sales while making heavily subsidised food from the EU dearer, thus helping our farmers to achieve resonable prices for their produce. Our fishing industry will soon be able to catch more fish when we control our own fishing grounds and become more competetive in overseas markets; while EU fishermen will become less competetive in selling their reduced quotas. And, of course, we can start to control all our borders in the way we did before entering the EEC.
Finally, we can recover our own legal system, not having to wait for EU aproval of the laws we pass. Heaven indeed. We just need to believe in ourselves as we did for centuries before the EU.
K W Newby