Devalue or Else
In our new debate series, Devalue or Else!, we look at the idea of an organised devaluation as the key to recovering the UK economy and restoring the nation as a centre of industry. An often ignored policy area, the UK's exchange rate has significant ramifications for our political economy and internal domestic tensions, both in terms of socio-economic class and geographically - the north south divide. Would a devaluation see Britain's exports boom and employment surge, or would it lead to high levels of imported inflation and a plunge in living standards? This debate will look at the pros and cons of devaluation as a means of rebuilding a healthy and balanced UK economy within a globalised world.