Motion S5M-02214: Fall in Value of Pound

01 Nov 2016

That the Parliament notes the considerable fall in the value of the pound in recent months; understands that this fall has been primarily brought about by the vote to leave the EU; further notes recent news of inflationary price increases in tea, foreign holidays and Marmite among other goods and services; considers that the strength of a currency is often a good measure of the strength of a country’s economy; remembers times when countries such as Italy, Turkey, and Greece saw their currencies devalue dramatically because of their weak economies, and considers that the Conservative administration at Westminster has proven itself unable to manage the economy of the UK.