When the Pound dropped against the dollar after the Brexit. A lot of people were screaming Brexit was bad.
This is truly not the case, but you will only realise this if you turn off the TV and think for yourself.
Before Brexit £1 =$1.49, after Brexit £1=$1.33.
Now let me explain why this is good.
Say that an UK company wants to sell something for £10. Before Brexit, it cost an American $14.90, now that same item costs $13.30. Or if the UK company is smart. They could still charge America $14.90 but now the UK company can get £11.20 instead of £10.
Meaning America gets discount and UK doesn’t change. Or America doesn’t change and UK gets more profit. Depending on how savvy the UK company is.
Now let’s deal with it from the other side UK wants to buy stuff from America. This is where UK people would end up paying more for goods. But. Here is the radical thought.
If it costs England more to import American meat to supply McDonalds UK. Then McDonalds UK would just buy British meat. Thus growing the UK farming industry by raising the demand for UK produce.
The same thing can happen for the car dealerships. If it costs more to import Fords from America. Then the UK will just start making more cars themselves. Thus again increasing the UK economy and employment prospects.
In short. If the pound continues to drop, outside companies will want to buy from the UK because of the discounts. And the UK will stop buying from the outside and start producing internally again, which is actually good for the UK.
Getting fresh money from other countries. And not handing money out to other countries. Meaning each person in the UK can get more money to keep because more is coming in than going out, in simple terms.
I hope you like my thoughts