In the News
The falling £ and the circular flow
Graham Watson
25th September 2016
A positive effect of Brexit as lower exchange rates have encouraged foreigners to spend more in post-Brexit Britain, at the same time that our tourists cut spending overseas. It is not a dramatic upsurge just yet but consider some of the effects on the basic circular flow of income and spending. A weaker exchange rate and the recent cut in policy interest rates to 0.25% by the Bank of England might turn out to be important shock absorbers in the wake of the June 2016 vote. Read more here.
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