But the pound has fallen by about 30% against the euro in the last few years, so isn’t the market saying that many things are now better to be made at home?
Tim adds: sure, there’s been a change in relative prices. Still doesn’t mean that we should spend billions subsidising the creation of a technology that someone else has already created.
But the pound has fallen by about 30% against the euro in the last few years, so isn’t the market saying that many things are now better to be made at home?
Tim adds: sure, there’s been a change in relative prices. Still doesn’t mean that we should spend billions subsidising the creation of a technology that someone else has already created.