1%er
Well-Known Member
You're getting confused between a lot of different things.
The budget deficit is the difference between what we spend and what we take in tax.
Balance of trade is the amount we sell to other countries compared to the amount we buy from them. If we buy more than we sell, there is a trade deficit.
Manufacturing jobs don't arise overnight. A weaker pound makes it economically viable to invest in more manufacturing industry in the UK because the goods we make become cheaper for other countries to buy,but that takes a while to actually happen. An increase in the value of the pound has a much quicker impact because they can just stop buying stuff as soon as it gets more expensive.
I am showing you how bad things are with 3 examples, worsted trade deficit in 17 months, the £ is at a 13-month low against the dollar and down against many of it major trading partners and also that the budget deficit is more than 11% of GDP.
On your 2nd point you seem to think the UK is a manufacturing economy, it isn't and the cost of labour will keep it that way, those days are gone