Is it time to devalue the British currency?

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Is it time to devalue the British currency?

Will this action stop the influx of people into the country and encourage people to seek work else where?What other knock on affects will this have for the economy in general?

2007-10-25 08:29:49 · 2 answers · asked by Aubrey M 2 in Social Science ➔ Economics

2 answers

British currency is free to fluctuate on the amrket so there is no need to devalue it. This is s a trick question in a sense.

2007-10-29 05:43:14 · answer #1 · answered by Anonymous · 1⤊ 0⤋

You only devalue currency when there is rampant inflation and we don't have this?

2007-10-25 15:37:59 · answer #2 · answered by cobra 7 · 0⤊ 0⤋