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Yes, devaluation s a sensible policy from the UK point of view, but from an Irish/EU perspective it risks devastating industries dependent on exporting to the UK or competing with UK exports in EU markets in a customs & tariff free environment. Tariffs, whether WTO or otherwise, cannot come quickly enough if they are to survive in an environment where UK goods suddenly have a 30% cost advantage. Another reason why an A50 extension is unlikely.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon Aug 21st, 2017 at 05:07:08 PM EST
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