Pounding the message

I was rather dismayed to read that the Bank of England believes that a weak pound will help Britain out of recession. Thanks! That effectively means that British expatriates will continue to suffer and so will tourists. The Bank of England believes that a devalued currency will help sell British exports abroad. But there is one small drawback. Britain doesn´t really make much anymore and therefore most imports are very expensive. British exports will be cheaper but a strong dollar and euro against sterling is bad news. So British economic recovery depends on a devalued pound. I would say that the British government should try and revive Britain´s long forgotten industrial base. Engineering rather than financial services should be the key for the future. The first countries to emerge from recession were those with big manufacturing economies such as Germany. When the world started buying again they just turned up their rate of production. But Britain and Spain make little which makes the economic problem more difficult to overcome. The British government is placing more emphisis on tourism and other service industries. They should be concentrating on getting Britain working and making things again. This is the future. The bank of England and successive British government have failed to plot a course out of recession perhaps the time has come for a complete rethink. Manufacturing is one of the ways forward.