|With the precipitous decline in the Pound facing Brexit, I continue to find many items cost less at amazon.co.uk than on amazon.com - even after factoring in added international shipping. |
Following Brexit I suspect the Pound will remain a very weak currency with an ongoing devaluation like China formerly used to boost their exports.
Like China the UK will experience much higher domestic inflation rates as a result.
The devaluation - inflation twins cut export prices by:
a.) magically reducing most wages and business profits;
b.) ginning-up the profits of capital-intensive businesses by devaluing their fixed investment cost;
c.) creates a rise in taxes paid, as profits move ahead of depreciation, which will help the UK deal with their worsening governmental budget deficits.
Someone will need to periodically remind whinging UK voters that they were the ones who voted for this outcome.